Westpay AB (WPAY) Fair Value & Analysis
Technology · SE · Market cap 103M SEK
Fair value as of: Jul 20, 2026
From 22 valuation models · updated 21 days ago
Share price −20.7% over the past month.
Below-average quality, and screening another 48% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (kr 0.6630). The favourable scenario is already priced in.
- Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (kr 0.3315 to kr 0.6630) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range kr 0.4020 – kr 3.50 · fair‑value band kr 0.3315 – kr 0.6630 · the kr 0.9480 price screens above the kr 0.4930 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.
Analysis
Westpay AB (WPAY) currently trades at kr 0.9480, while our model-based Fair Value estimate is kr 0.4930, implying the stock looks roughly 48.0% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Westpay AB generated revenue of 84.6M SEK at a net margin of 4.2%. Revenue grew 1.7% year over year. It earns a return on equity of 23.8%. Net debt stands at 13.8M SEK. Fundamentals as of Jul 20, 2026
Our scenario range runs from kr 0.3315 (bear case) to kr 0.6630 (bull case); at kr 0.9480, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 61% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -48%, WPAY screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 22 models by family
Widest divergence: Growth Earnings (kr 0.6400) versus Earnings-Based (kr 0.0800). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 21
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Westpay AB, a full-service fintech and payment solution provider that offers solutions for payments and amplifies in Sweden and internationally.
Full company description
Westpay AB, a full-service fintech and payment solution provider that offers solutions for payments and amplifies in Sweden and internationally. The company offers payment application as service, a method of enabling to run own android app directly on payment terminals; payment terminals which includes carbon C20, carbon C10, carbon C150, and carbon C100+, as well as carbon accessories that are designed for multiple payment methods, non- payment applications, and improved user experience; and SoftPoS, a contactless tap to pay solution that enables merchants to accept card payments on any NFC enabled android device. It provides its solutions to in stores, e-commerce, and integrated commerce sector. Westpay AB was incorporated in 1988 and is headquartered in Upplands Väsby, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Westpay AB reported revenue of kr 74.0M in FY2025 versus kr 53.7M in FY2021, a compound +8.3%/yr. Reported net income was kr 4.2M in FY2025.
WPAY screens 48% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 370 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Software - Infrastructure median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $384.00 | $274.17 | -29% |
| Oracle Corporation ORAC | C$9.08 | C$2.94 | -68% |
| Fortinet, Inc FTNT | $160.78 | $44.96 | -72% |
| Synopsys, Inc 1SNPS | €354.50 | €93.61 | -74% |
| Block, Inc XYZ | A$114.53 | A$70.69 | -38% |
| CoreWeave, Inc CRWV | $79.94 | $44.89 | -44% |
| Range Intelligent Computing Technology Group 300442 | ¥71.60 | ¥34.00 | -53% |
| Oracle Financial Services Software Limited OFSS | ₹11,651 | ₹5,821 | -50% |
| 360 Security Technology Inc 601360 | ¥9.64 | ¥5.05 | -48% |
| One97 Communications Limited PAYTM | ₹1,342 | ₹181.50 | -86% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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