OSPN Valuation

OneSpan Inc

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13.990

+0.19(1.377%)1D

Overview
Forecast
Valuation
Earnings

OSPN Relative Valuation

OSPN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, OSPN is overvalued; if below, it's undervalued.

Historical Valuation

OneSpan Inc (OSPN) is now in the Fair zone, suggesting that its current forward PS ratio of 2.11 is considered Fairly compared with the five-year average of 33.66. The fair price of OneSpan Inc (OSPN) is between 12.44 to 22.43 according to relative valuation methord.

Relative Value

Fair Zone

12.44-22.43

Current Price：13.80

Fair

9.96

Trailing

Forward

6.26

EV/EBITDA

OneSpan Inc. (OSPN) has a current EV/EBITDA of 6.26. The 5-year average EV/EBITDA is 9.20. The thresholds are as follows: Strongly Undervalued below -220.09, Undervalued between -220.09 and -105.45, Fairly Valued between 123.85 and -105.45, Overvalued between 123.85 and 238.50, and Strongly Overvalued above 238.50. The current Forward EV/EBITDA of 6.26 falls within the Historic Trend Line -Fairly Valued range.

8.43

EV/EBIT

OneSpan Inc. (OSPN) has a current EV/EBIT of 8.43. The 5-year average EV/EBIT is -108.52. The thresholds are as follows: Strongly Undervalued below -886.88, Undervalued between -886.88 and -497.70, Fairly Valued between 280.66 and -497.70, Overvalued between 280.66 and 669.85, and Strongly Overvalued above 669.85. The current Forward EV/EBIT of 8.43 falls within the Historic Trend Line -Fairly Valued range.

2.11

OneSpan Inc. (OSPN) has a current PS of 2.11. The 5-year average PS is 2.78. The thresholds are as follows: Strongly Undervalued below 0.87, Undervalued between 0.87 and 1.83, Fairly Valued between 3.74 and 1.83, Overvalued between 3.74 and 4.69, and Strongly Overvalued above 4.69. The current Forward PS of 2.11 falls within the Historic Trend Line -Fairly Valued range.

8.12

P/OCF

OneSpan Inc. (OSPN) has a current P/OCF of 8.12. The 5-year average P/OCF is 319.71. The thresholds are as follows: Strongly Undervalued below -2215.98, Undervalued between -2215.98 and -948.13, Fairly Valued between 1587.56 and -948.13, Overvalued between 1587.56 and 2855.41, and Strongly Overvalued above 2855.41. The current Forward P/OCF of 8.12 falls within the Historic Trend Line -Fairly Valued range.

10.55

P/FCF

OneSpan Inc. (OSPN) has a current P/FCF of 10.55. The 5-year average P/FCF is 20.69. The thresholds are as follows: Strongly Undervalued below -264.59, Undervalued between -264.59 and -121.95, Fairly Valued between 163.33 and -121.95, Overvalued between 163.33 and 305.97, and Strongly Overvalued above 305.97. The current Forward P/FCF of 10.55 falls within the Historic Trend Line -Fairly Valued range.

OneSpan Inc (OSPN) has a current Price-to-Book (P/B) ratio of 2.19. Compared to its 3-year average P/B ratio of 2.75 , the current P/B ratio is approximately -20.25% higher. Relative to its 5-year average P/B ratio of 2.95, the current P/B ratio is about -25.78% higher. OneSpan Inc (OSPN) has a Forward Free Cash Flow (FCF) yield of approximately 10.25%. Compared to its 3-year average FCF yield of 0.27%, the current FCF yield is approximately 3673.70% lower. Relative to its 5-year average FCF yield of 0.48% , the current FCF yield is about 2045.29% lower.

2.18

P/B

Median3y

2.75

Median5y

2.95

10.25

FCF Yield

Median3y

0.27

Median5y

0.48

Competitors Valuation Multiple

The average P/S ratio for OSPN's competitors is 1.85, providing a benchmark for relative valuation. OneSpan Inc Corp (OSPN) exhibits a P/S ratio of 2.11, which is 14.26% above the industry average. Given its robust revenue growth of -1.77%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Grid Dynamics Holdings Inc

Performance Decomposition

Market capitalization of OSPN decreased by 13.21% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 10.76 to 13.94.

The secondary factor is the Revenue Growth, contributed -1.77%to the performance.

Overall, the performance of OSPN in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-1.77%

60.92M → 59.84M

Revenue Growth

29.55%

10.76 → 13.94

Margin Expansion

-40.99%

15.31 → 9.03

P/E Change

-13.21%