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Westpay AB
(WPAY)
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Rating:56Neutral
Price Target:
kr0.95
▼(-28.81% Downside)
Action:Reiterated
Date:07/21/26
The score is primarily supported by improving financial performance (return to profitability and positive free cash flow). This is offset by weak technical conditions (price below all major moving averages, negative MACD, very low RSI) and a valuation that is not clearly discounted (P/E 25.65) given the company’s historically volatile profitability.
Positive Factors
Profitability Rebound
The trailing-twelve-month rebound to operating profit and net income, combined with positive operating and free cash flow, represents a structural turning point. Sustained profitability improves internal funding for product development, reduces refinancing needs, and strengthens the company's ability to win longer-term contracts and service agreements.
Negative Factors
Volatile Profitability History
The company's multi-year record of wide profitability swings and large losses through 2021–2024 signals structural execution and margin volatility. This undermines confidence in the sustainability of the current turnaround, complicates long-term planning, and can hinder multi-year contracts or partner commitments.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Rebound
The trailing-twelve-month rebound to operating profit and net income, combined with positive operating and free cash flow, represents a structural turning point. Sustained profitability improves internal funding for product development, reduces refinancing needs, and strengthens the company's ability to win longer-term contracts and service agreements.
Read all positive factors
Westpay AB (WPAY) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr92.88M
Dividend YieldN/A
Average Volume (3M)44.49K
Price to Earnings (P/E)25.3
Beta (1Y)0.48
Revenue Growth8.14%
EPS GrowthN/A
CountrySE
Employees46
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.04
Shares Outstanding101,614,760
10 Day Avg. Volume34,870
30 Day Avg. Volume44,486
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)5.93
Price to Sales (P/S)1.69
P/FCF Ratio20.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Westpay AB Business Overview & Revenue Model
Company Description
Westpay AB provides intelligent transaction and payment processing systems across a wide international footprint, covering Europe, Africa, South Asia, Southeast Asia, and the Nordic countries. The company's comprehensive offerings include a variet...
How the Company Makes Money
Westpay makes money primarily by selling payment hardware (e.g., POS/payment terminals) and by providing associated software and services tied to those devices and installations. Key revenue streams typically include: (1) product revenue from term...
Westpay AB Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 74.91M | 73.96M | 67.61M | 61.11M | 70.42M | 53.71M |
| Gross Profit | 11.56M | 7.24M | 30.52M | 58.94M | 21.27M | 38.07M |
| EBITDA | 14.02M | 12.59M | 5.67M | -15.61M | 653.00K | -11.45M |
| Net Income | 3.56M | 4.20M | -6.16M | -27.59M | -8.79M | -17.10M |
Balance Sheet | ||||||
| Total Assets | 53.78M | 58.27M | 56.24M | 54.50M | 61.67M | 47.34M |
| Cash, Cash Equivalents and Short-Term Investments | 3.23M | 323.00K | 356.00K | 856.00K | 4.67M | 12.48M |
| Total Debt | 11.78M | 14.11M | 13.92M | 18.23M | 18.66M | 7.50M |
| Total Liabilities | 32.54M | 37.23M | 48.37M | 53.02M | 55.80M | 32.48M |
| Stockholders Equity | 21.24M | 21.04M | 7.87M | 1.48M | 5.88M | 14.65M |
Cash Flow | ||||||
| Free Cash Flow | 4.61M | 6.17M | -9.51M | -38.44M | -18.98M | -4.99M |
| Operating Cash Flow | 11.67M | 10.09M | 8.63M | -20.66M | -2.35M | 2.13M |
| Investing Cash Flow | -13.95M | -14.49M | -18.15M | -17.78M | -16.62M | -7.12M |
| Financing Cash Flow | 4.89M | 4.37M | 9.01M | 34.63M | 11.16M | 16.52M |
Westpay AB Technical Analysis
Negative
1.34
Price Trends
1.14
Negative
1.21
Negative
1.30
Negative
Market Momentum
-0.07
Positive
36.03
Neutral
45.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:WPAY, the sentiment is Negative. The current price of 1.34 is above the 20-day moving average (MA) of 1.02, above the 50-day MA of 1.14, and above the 200-day MA of 1.30, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 36.03 is Neutral, neither overbought nor oversold. The STOCH value of 45.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:WPAY.
Westpay AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | kr92.88M | 25.32 | ― | ― | 8.14% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr642.62M | -37.97 | ― | ― | 17.00% | 21.62% | |
48 Neutral | kr1.73B | 2,906.25 | 12.70% | ― | 18.24% | ― | |
46 Neutral | kr734.56M | -57.63 | -11.28% | 0.48% | -14.67% | -152.22% |
* General Sector Average
SE:WPAY
Westpay AB
0.94
-0.53
-36.05%
SE:CLAV
Clavister Holding AB
4.85
<0.01
0.10%
SE:ADVE
Advenica AB
17.66
-4.20
-19.20%
SE:FREJA
Freja eID Group AB
22.70
10.35
83.81%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.