1. France Stocks

  2. •

    Commercial services

  3. •

    Miscellaneous commercial services
Wavestone SA

Wavestone SA

38.70
EUR
+0.70
(+1.84%)
1.31BMarket Cap
Dec 02Next Earn
Wavestone SA
LSE:0G1T
(London Stock Exchange)

Recent

price

38.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
EUR
5.57
5.56
6.65
7.24
8.32
11.88
17.27
17.96
19.62
21.24
20.94
23.49
26.68
32.69
38.6
38.91
- -
Revenue per Share
0.36
0.36
0.53
0.56
0.64
0.68
1.02
1.33
1.54
1.57
1.27
2.55
2.51
2.71
3.09
3.34
- -
Basic EPS, GAAP
0.46
0.25
0.74
0.54
0.74
0.79
1.26
1.55
1.63
2.78
3.51
2.79
1.88
3.73
3.45
5.28
- -
Free Cash Flow per Basic Share
0.05
0.05
0.05
0.08
0.08
0.1
0.1
0.15
0.2
0.23
- -
0.23
0.38
0.35
0.38
0.46
- -
Dividend per Share
2.04
2.33
2.8
3.26
3.72
4.34
5.31
6.61
7.56
8.91
10.33
12.84
14.99
23.16
25.85
28.56
28.56
Book Value per Share
0.78
1.08
0.88
1.1
1.22
-2.35
-1.55
-0.08
- -
0.13
1.9
3.71
3.06
-0.53
2.18
5.01
5.01
Tangible Book Value per Share
19
19
20
20
20
20
20
20
20
20
20
20
20
21
24
25
25
Basic Weighted Avg Shares
108
108
131
142
163
233
339
360
392
422
418
470
532
701
944
954
- -
Sales/Revenue/Turnover
11.68
10.91
11.82
12.49
12.52
11.29
10.55
13.16
13.55
13
10.44
15.85
14.25
13.65
11.63
11.72
- -
Operating Margin (%)
2
1
2
2
2
6
7
8
9
13
21
3
10
13
20
22
- -
Depreciation Expense
7
7
10
11
13
13
20
27
31
31
25
51
50
58
76
82
- -
Net Income, GAAP
44.72
39.43
32.59
37.37
37.67
38.67
39.5
39.36
39.23
37.85
37.61
29.04
26.99
27.9
26.45
24.92
- -
Effective Tax Rate (%)
6.42
6.48
7.92
7.73
7.72
5.73
5.92
7.4
7.86
7.38
6.08
10.86
9.41
8.3
8.01
8.59
- -
Profit Margin (%)
13
18
19
23
30
44
39
57
55
46
81
110
90
58
116
139
139
Working Capital
2
- -
3
3
3
93
86
70
66
86
70
53
49
70
64
11
11
LT Debt
40
45
54
64
73
85
104
130
151
177
206
257
299
571
633
702
702
Total Equity
9.79
9.5
12.44
11.17
11.42
7.53
8.03
9.73
10.97
10.7
7.98
14.77
13.83
11.12
10.89
10.83
- -
Return on Invested Capital (%)
16.41
15.31
19.75
17.71
17.74
10.63
11.14
13.34
13.91
11.83
8.67
16.79
15.07
11.8
11.4
11.73
- -
Return on Capital (%)
18.66
16.43
20.76
18.51
18.44
16.94
21.21
22.72
21.9
18.99
13.24
22.04
18.01
13.4
12.58
12.3
- -
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
17
24
9
LT Borrowings
45
1
- -
LT Finance Leases
19
16
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
25
25
Market Capitalization
1,210
1,326
1,306

Working Capital

EUR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
350
306
376
Cash, Cash Equivalents & STI
78
34
121
Accounts Receivable, Net
192
181
176
Inventories
- -
- -
- -
Total Current Liabilities
235
224
236
Payables & Accruals
- -
- -
- -
ST Debt
17
24
9
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.11%
30.78%
10.9%
Free Cash Flow
30.61%
23.86%
53.35%
Net Income, GAAP
23.5%
30.76%
8.52%
Sales/Revenue/Turnover
16.04%
18.65%
1.13%
Total Cash Common Dividend
- -
- -
20.42%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
701
2025
- -
- -
944
2026
- -
- -
954

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.71
2025
- -
- -
3.09
2026
- -
- -
3.34

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.35
2025
- -
- -
0.38
2026
- -
- -
0.46
Similar Companies
PayPal Holdings, Inc. (NASDAQ:PYPL)
Shopify Inc. (NASDAQ:SHOP)
Greenland Mines Ltd (NASDAQ:GRML)
Block, Inc. (NYSE:XYZ)
Netcapital Inc. (NASDAQ:NCPL)
Shopify, Inc. Class A (TSX:SHOP)
Business
Wavestone SA (WAVE.PA) is a leading global management and IT consulting firm that supports clients in strategic transformations across multiple sectors through a comprehensive 360-degree portfolio of high-value services. The company offers strategy and management consulting; innovation management and funding; marketing, sales, and customer experience; people and change management; finance and performance; operations and supply chain; digital and IT strategy; digital and emerging technologies including data, artificial intelligence, industry 4.0, and IoT; IT and data architecture; cybersecurity and digital trust; core business software development such as SAP consulting; sourcing and services optimization; compliance and resilience; operating model design and agility; corporate finance; HR, risk, and procurement; and sustainability services. It serves diverse industries including financial services, telecom, media and entertainment, consumer goods and retail, manufacturing, energy and utilities, transportation and travel, real estate, automotive, insurance, life sciences, government, and international institutions, with target customers ranging from large corporations to public sector entities. Founded in 1990 as Solucom SA and renamed Wavestone SA in 2016 following its merger with Kurt Salmon, the company is headquartered in Paris, France, and operates in 17 countries across Europe, North America, and Asia with over 5,500 employees drawn from more than 40 nationalities; no single territory exceeds 50% of revenue. In recent years, Wavestone has pursued aggressive external growth through strategic acquisitions, including the 2023 merger with Germany's Q_PERIOR—a firm originating in 1977—to blend complementary expertise and cultures; expansions in the UK via Pen Partnership and Coeus Consulting; and in the US through Aspirant Consulting, alongside payments in 2024/25 for Q_PERIOR and Aspirant earn-outs totaling €42.5 million. The firm acquired French digital product development specialist Wivoo in 2025 to bolster its capabilities, reported strong 2024/25 fiscal results with revenue of €943.7 million (up 35%), a 12.6% recurring operating margin, and net income of €75.9 million (up 30%), followed by H1 2025/26 results showing €458.1 million in revenue, a 10.3% recurring operating margin, and a 12% rise in net profit to €30.4 million while confirming annual objectives amid improved business momentum. These developments align with Wavestone's "Impact" strategic plan emphasizing global expansion, technological integration, and sustainability leadership, supported by self-financing capacity of €133.4 million as of March 31, 2025 (up 31%), share buybacks including a €5.7 million exceptional campaign in January 2025, and ongoing investments in employee free share plans.