Stronger Equity CapitalizationThe material increase in equity over three years meaningfully strengthens the company's capitalization. Higher equity lowers leverage risk and improves the ability to absorb merchant payment cycles, finance product development, and pursue strategic initiatives without immediate external financing.

Improved Cash GenerationConsecutive positive operating cash flows and a return to positive free cash flow indicate the business can convert revenue to cash. This durable cash generation reduces reliance on markets for funding, supports reinvestment in devices and software, and improves resilience to near-term volatility.

Recurring Software & Services Revenue MixA revenue model that includes recurring software, support, and managed services increases revenue visibility and customer stickiness versus pure hardware sales. Such recurring streams can stabilize margins and provide a base for steady growth as device estates mature.

Bears Say

Historic Earnings & FCF VolatilityThe company has exhibited multi-year losses and large swings in earnings and free cash flow, including a major FCF deficit in 2024. This inconsistent performance signals execution and working-capital risks that can undermine planning, lender confidence, and the ability to fund growth predictably.

Unclear Profitability QualityAlthough 2025 returned to net income, lack of margin disclosure and big year-to-year swings in gross profit/EBIT suggest profits may be driven by episodic items or sales mix shifts. Without stable, disclosed margins, sustainable profit generation remains uncertain under competitive pricing pressure.

Prior Elevated LeverageDebt materially exceeded equity in 2024, indicating the company recently operated with elevated leverage. Even with improvement, that history raises refinancing, covenant, and liquidity risks if cash flows deteriorate, and it may constrain capital allocation until balance sheet strength is sustained.

WPAY FAQ

What was Westpay AB’s price range in the past 12 months?

Westpay AB lowest stock price was kr0.74 and its highest was kr2.44 in the past 12 months.

What is Westpay AB’s market cap?

Westpay AB’s market cap is kr135.15M.

When is Westpay AB’s upcoming earnings report date?

Westpay AB’s upcoming earnings report date is Apr 29, 2026 which is in 52 days.

How were Westpay AB’s earnings last quarter?

Westpay AB released its earnings results on Feb 20, 2026. The company reported kr0.018 earnings per share for the quarter, beating the consensus estimate of N/A by kr0.018.

Is Westpay AB overvalued?

According to Wall Street analysts Westpay AB’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Westpay AB pay dividends?

Westpay AB does not currently pay dividends.

What is Westpay AB’s EPS estimate?

Westpay AB’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Westpay AB have?

Westpay AB has 101,614,760 shares outstanding.

What happened to Westpay AB’s price movement after its last earnings report?

Westpay AB reported an EPS of kr0.018 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -6.061%.

Which hedge fund is a major shareholder of Westpay AB?

Currently, no hedge funds are holding shares in SE:WPAY

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Westpay AB

Westpay AB provides smart transaction and payment solutions in Europe, Africa, South Asia, Southeast Asia, and Nordic countries. The company offers counter-top, mobile devices, and unattended terminals for in-store and card-present transactions; online payment solutions that provide payment infrastructure for physical environments; and self-service solutions. It sells its solutions to retail, hotels and restaurants, and the retail banking sector. Westpay AB was incorporated in 1988 and is headquartered in Upplands Väsby, Sweden.