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Wavestone
(WAVE)
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Rating:74Outperform
Price Target:
€32.00
▼(-5.04% Downside)
Action:Reiterated
Date:08/05/26
The score is driven primarily by strong financial performance (growth, profitability, improving balance sheet strength) and supportive valuation (low P/E). These positives are partially offset by weak technicals, with the stock trading below key moving averages and negative momentum indicators.
Positive Factors
Strong revenue expansion
Revenue has more than doubled over the reported period, demonstrating sustained business expansion and successful demand capture. Continued scale can support broader client relationships, greater delivery capacity, and reinvestment in consulting capabilities across transformation and technology services.
Negative Factors
Gross-margin deterioration
The sharp 2026 gross-margin decline indicates pressure from project mix, pricing, or cost of delivery, even though revenue continued to grow. If persistent, weaker gross profitability could reduce operating leverage and make future earnings quality less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue expansion
Revenue has more than doubled over the reported period, demonstrating sustained business expansion and successful demand capture. Continued scale can support broader client relationships, greater delivery capacity, and reinvestment in consulting capabilities across transformation and technology services.
Read all positive factors
Wavestone (WAVE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€715.85M
Dividend Yield1.73%
Average Volume (3M)27.13K
Price to Earnings (P/E)8.7
Beta (1Y)0.77
Revenue Growth1.13%
EPS Growth8.32%
CountryFR
Employees5,801
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)3.34
Shares Outstanding24,906,332
10 Day Avg. Volume37,707
30 Day Avg. Volume27,125
Financial Highlights & Ratios
PEG Ratio1.63
Price to Book (P/B)1.61
Price to Sales (P/S)1.18
P/FCF Ratio8.77
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)3.37
Revenue Forecast (FY)€969.92M
Wavestone Business Overview & Revenue Model
Company Description
Wavestone S.A. specializes in offering strategic and digital advisory services, primarily serving clients within France but also maintaining a notable international footprint. The firm extends its expertise across a broad spectrum of industries, e...
How the Company Makes Money
Wavestone makes money primarily by selling professional services (consulting and project delivery) to client organizations. Revenue is generated from consulting engagements that are typically billed on a time-and-materials basis (e.g., daily rates...
Wavestone Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 954.35M | 943.67M | 701.06M | 532.26M | 470.06M |
| Gross Profit | 119.87M | 344.64M | 167.79M | 116.41M | 215.94M |
| EBITDA | 132.76M | 127.84M | 95.55M | 77.61M | 80.33M |
| Net Income | 81.99M | 75.56M | 58.20M | 50.07M | 51.03M |
Balance Sheet | |||||
| Total Assets | 996.89M | 979.95M | 977.74M | 536.79M | 494.24M |
| Cash, Cash Equivalents and Short-Term Investments | 121.44M | 78.35M | 77.48M | 70.82M | 108.25M |
| Total Debt | 20.27M | 80.77M | 84.39M | 59.46M | 65.97M |
| Total Liabilities | 294.43M | 346.55M | 406.35M | 237.74M | 237.25M |
| Stockholders Equity | 701.31M | 631.96M | 569.47M | 299.05M | 256.98M |
Cash Flow | |||||
| Free Cash Flow | 128.46M | 84.44M | 78.67M | 35.36M | 55.23M |
| Operating Cash Flow | 130.77M | 89.28M | 81.77M | 41.15M | 56.34M |
| Investing Cash Flow | -12.72M | -48.74M | -69.02M | -52.73M | -12.48M |
| Financing Cash Flow | -76.10M | -40.18M | -7.41M | -25.85M | -23.96M |
Wavestone Technical Analysis
Negative
33.70
Price Trends
34.33
Negative
38.27
Negative
44.57
Negative
Market Momentum
-1.49
Positive
30.71
Neutral
5.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:WAVE, the sentiment is Negative. The current price of 33.7 is above the 20-day moving average (MA) of 31.80, below the 50-day MA of 34.33, and below the 200-day MA of 44.57, indicating a bearish trend. The MACD of -1.49 indicates Positive momentum. The RSI at 30.71 is Neutral, neither overbought nor oversold. The STOCH value of 5.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:WAVE.
Wavestone Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €3.07B | 10.16 | 14.45% | 3.35% | 1.62% | 12.95% | |
76 Outperform | €875.83M | 15.86 | 14.25% | 3.89% | 6.68% | 9.16% | |
74 Outperform | €715.85M | 8.67 | 12.19% | 1.73% | 1.13% | 8.32% | |
73 Outperform | €651.61M | 15.71 | 14.17% | 2.73% | 27.45% | 19.70% | |
70 Outperform | €17.69B | 12.80 | 11.82% | 3.26% | 6.23% | -11.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | €475.31M | -0.39 | 117.34% | 1.65% | -14.39% | -173.10% |
* General Sector Average
FR:WAVE
Wavestone
28.95
-18.04
-38.38%
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104.35
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FR:SOP
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0.54%
Wavestone Corporate Events
Wavestone Reports Share Buybacks on Euronext Paris
Sep 14, 2026
Wavestone disclosed transactions in its own shares on Euronext Paris, detailing buybacks conducted on 7 and 11 September 2026 under its share repurchase program. The company acquired 4,597 shares at a weighted average price of €31.90 and 26,...
Wavestone buys Sand Cherry to accelerate U.S. expansion
Sep 14, 2026
Wavestone has agreed to acquire Sand Cherry, a Denver-based management consultancy specializing in complex business transformations for large U.S. clients, particularly in technology, media, telecoms, and energy. Sand Cherry, which employs about 1...
Wavestone Steps Up Share Buybacks on Euronext Paris
Sep 7, 2026
Wavestone has reported a series of share repurchases carried out on Euronext Paris between 1 and 4 September 2026 under its ongoing buyback program. Over these sessions, the consulting firm acquired several tranches of its own stock at daily weigh...
Wavestone Advances Share Buyback as AI-Focused Consulting Strategy Scales
Aug 31, 2026
Wavestone has reported activity under its ongoing share buyback program, disclosing the repurchase of 10,000 of its own shares on 26 August 2026 on Euronext Paris. The transaction was executed at a weighted average price of €33.85 per share,...
Wavestone Updates Share Capital and Voting Rights Structure
Aug 25, 2026
Wavestone, a global consulting firm specialized in business and technology transformation, helps major companies in Europe and North America deploy artificial intelligence at scale and reinvent their operating models. With 6,000 employees and a li...
Wavestone Details Share Buybacks on Euronext Paris
Aug 24, 2026
Wavestone reported transactions carried out under its share buyback program over the period from 17 to 21 August 2026. The company repurchased its own shares on Euronext Paris, with daily operations executed at weighted average prices in the mid-&...
Wavestone Details August Share Buybacks on Euronext Paris
Aug 17, 2026
Wavestone has reported recent transactions under its ongoing share buyback program, detailing purchases of its own shares on the Euronext Paris market. The disclosure forms part of its regulated information obligations and shows the company contin...
Wavestone Details August Share Buybacks on Euronext Paris
Aug 10, 2026
Wavestone has disclosed transactions executed under its share buyback program between 3 and 7 August 2026 on Euronext Paris. Over these sessions, the company repurchased tens of thousands of its own shares, with daily volumes ranging from just ove...
Wavestone Publishes Corporate Governance Parity Compliance Disclosure
Jul 30, 2026
Wavestone has published regulated information concerning its corporate governance practices, focusing on a standard declaration form related to compliance with gender parity rules on its boards and leadership structures. The disclosure is made ava...
Wavestone Launches Targeted Share Buyback to Fund Employee Ownership
Jul 30, 2026
Wavestone’s board has approved the implementation of a share buyback program authorized by shareholders, mandating BNP Paribas Portzamparc to repurchase up to 300,000 shares at a maximum price of €50 each. The buyback window runs from ...
Wavestone Cuts Guidance and Buys AI Builders as Revenue Dips
Jul 29, 2026
Wavestone reported a challenging start to its 2026/27 financial year, with first-quarter revenue slipping 2% to €227 million and utilization falling to 71%, while average daily rates edged down and profitability guidance was cut to an 11%...
Wavestone Reports Active Liquidity Contract Trading in First Half of 2026
Jul 22, 2026
Wavestone reported the status of its share liquidity contract with Portzamparc – Groupe BNP Paribas as of June 30, 2026, holding 20,220 shares and €612,221.06 in cash, compared with 17,782 shares and €717,758.02 at the end of 202...
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.