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Westpay AB
(WPAY)
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Rating:58Neutral
Price Target:
kr1.00
▼(-25.37% Downside)
Action:Reiterated
Date:09/15/26
The score is primarily supported by improved financial performance (return to profitability and a healthier balance sheet), but is held back by volatile cash-flow conversion and thin margins. Technically, the stock shows modest near-term strength while the longer-term trend remains weak, and valuation looks only moderate with a P/E of ~25.7 and no dividend yield data.
Positive Factors
Return to profitability
The return to positive profitability improves the company’s ability to fund operations and growth internally. A roughly 19% TTM EBITDA margin indicates meaningful operating earnings, although sustaining those earnings will depend on stabilizing margins across reporting periods.
Negative Factors
Thin and volatile margins
A net margin of roughly 4.7% leaves limited room to absorb cost increases, pricing pressure, or weaker demand. The history of substantial margin variation also makes current earnings quality less predictable and may constrain the company’s ability to compound profits consistently.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
The return to positive profitability improves the company’s ability to fund operations and growth internally. A roughly 19% TTM EBITDA margin indicates meaningful operating earnings, although sustaining those earnings will depend on stabilizing margins across reporting periods.
Read all positive factors
Westpay AB (WPAY) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr102.63M
Dividend YieldN/A
Average Volume (3M)30.96K
Price to Earnings (P/E)23.1
Beta (1Y)0.27
Revenue Growth6.90%
EPS GrowthN/A
CountrySE
Employees48
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.04
Shares Outstanding101,614,760
10 Day Avg. Volume21,148
30 Day Avg. Volume30,956
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 and deploying merchant payment acceptance solutions. Key revenue streams typically include (1) hardware revenue from payment terminal sales to merchants, resellers, or partners; (2) recurring revenue from s...
Westpay AB Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
70
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.94M | 73.96M | 67.61M | 61.11M | 70.42M | 53.71M |
| Gross Profit | 5.67M | 7.24M | 30.52M | 58.94M | 21.27M | 38.07M |
| EBITDA | 15.45M | 12.59M | 5.67M | -15.61M | 653.00K | -11.45M |
| Net Income | 4.33M | 4.20M | -6.16M | -27.59M | -8.79M | -17.10M |
Balance Sheet | ||||||
| Total Assets | 62.88M | 58.27M | 56.24M | 54.50M | 61.67M | 47.34M |
| Cash, Cash Equivalents and Short-Term Investments | 507.00K | 323.00K | 356.00K | 856.00K | 4.67M | 12.48M |
| Total Debt | 11.16M | 14.11M | 13.92M | 18.23M | 18.66M | 7.50M |
| Total Liabilities | 40.82M | 37.23M | 48.37M | 53.02M | 55.80M | 32.48M |
| Stockholders Equity | 22.05M | 21.04M | 7.87M | 1.48M | 5.88M | 14.65M |
Cash Flow | ||||||
| Free Cash Flow | 2.64M | 6.17M | -9.51M | -38.44M | -18.98M | -4.99M |
| Operating Cash Flow | 6.61M | 10.09M | 8.63M | -20.66M | -2.35M | 2.13M |
| Investing Cash Flow | -13.72M | -14.49M | -18.15M | -17.78M | -16.62M | -7.12M |
| Financing Cash Flow | 6.89M | 4.37M | 9.01M | 34.63M | 11.16M | 16.52M |
Westpay AB Technical Analysis
Negative
1.34
Price Trends
1.01
Negative
1.12
Negative
1.22
Negative
Market Momentum
>-0.01
Positive
45.77
Neutral
6.67
Positive
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 1.03, above the 50-day MA of 1.01, and above the 200-day MA of 1.22, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.77 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | kr476.53M | 21.03 | ― | 7.68% | 10.39% | 30.32% | |
60 Neutral | kr667.61M | -49.02 | ― | 5.22% | 7.51% | 41.20% | |
58 Neutral | kr102.63M | 23.11 | ― | ― | 6.90% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | kr491.65M | -24.79 | ― | ― | 21.86% | 74.32% | |
49 Neutral | kr490.92M | -7.37 | ― | ― | 7.99% | 33.84% |
* General Sector Average
SE:WPAY
Westpay AB
1.01
-0.83
-45.11%
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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.