Waystream Holding is a small Swedish communication equipment maker with a 46% gross margin and 38% revenue growth, though I have no product detail in the data to say what it actually sells, so the first thing to pin down is the product mix. The trailing P/E of 187 against a forward P/E of 17.4 implies earnings are expected to step up sharply, which makes the forward figure the number to test rather than the trailing one. Return on equity of 2.2% and an 8.0% operating margin say the business is not yet earning much on its capital, so the bull case rests on margin expansion arriving as revenue scales. At 345M SEK market cap, the name is small enough that liquidity and index exclusion (it sits in no index) matter for sizing. It is worth a deeper look if the forward earnings estimate holds up under scrutiny and the gross margin is sustainable.
Plain-English pros, cons, and what to watch. Pro feature.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | kr 45.00 | first publication | kr 39.30 |
| 22 Oct 2026, 13:04 CEST | Rating | Overvalued | first publication | kr 39.60 |
| 22 Oct 2026, 13:04 CEST | Fair value | kr 22.91 | first publication | kr 39.60 |
Answered from Waystream Holding AB (publ) fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| WAYS.ST Waystream Holding AB (publ) | kr 38.90 | kr 23 | 70% above | 185.2x | 2.2% | 55 | 56 |
| 1992.T Kanda Tsushinki Co., Ltd. | ¥2900.00 | - | - | 28.8x | 3.8% | 46 | 58 |
| ALCA.ST Alcadon Group AB (publ) | kr 29.80 | kr 55 | 45% below | 16.5x | 5.5% | 48 | 56 |
| NETI-B.ST Net Insight AB (publ) | kr 2.48 | - | - | - | -2.3% | 43 | 33 |
| EPEN.ST Ependion AB | kr 157.40 | kr 106 | 49% above | 29.9x | 10.3% | 63 | 75 |
| FEIM Frequency Electronics Inc. Common Stock | $64.18 | - | - | 256.7x | 3.0% | 59 | 67 |
| HTRO.ST Hexatronic Group AB (publ) | kr 42.13 | kr 33 | 27% above | 26.2x | 1.1% | 47 | 71 |
Where WAYS.ST ranks against its sector peers on each metric.