Obermatt

OneSpan

NAQ:OSPN · US68287N1000
SoftwareSmall

360

81
EV / EBIT71
Price / Owner Earnings56
Owner Earnings Yield94
Dividend Yield1
Price/Sales55
EV / Gross Profit68
Price/Book81
Return on Capital79
Cash Return on Capital83
Return on Equity80
EBIT Margin89
Gross Profitability63
Cash Conversion11
Accruals11
Owner Earnings Margin94
Sales growth25
Profit Growth32
Long-Term EPS Growth82
Owner Earnings Growth65
Reinvestment78
Price momentum66
Debt load91
Refinancing52
Debt Payback100
Liquidity100
Analyst ratings43
Opinion Changes50
Price Target Upside18
Market mood30
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

OneSpan generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySoftware
SizeSmall
TypePublic Company
ExchangeNASDAQCM
Founded1997
Employees589
ISINUS68287N1000
Last UpdateApr 2, 2026
Themes
DevSecOpsAnti-FraudIdentity and Access ManagementNetwork SecuritySSO and Password ManagementProcess AutomationSoftware DevelopmentBiometricsIdentity Theft PreventionAuthenticationCyber SecurityInformation TechnologySecurity

Description

OneSpan Inc. (OneSpan) operates as a global cybersecurity and digital agreements company. The company’s cybersecurity solutions protect identities, secure mobile apps, and safeguard access through advanced high-assurance authentication, threat intel…

Analysis

Middle-of-the-road

OneSpan Inc. sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 7.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -7% a year, against analyst forecasts of 11%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator.

Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
71
2023202420252026

All-time high

71

Jun 2026

All-time low

34

Jan 2024

Average rank

51

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
55
67
62
54
Price/Earnings
62
81
73
45
Price/Book
81
66
62
60
Dividend Yield
1
100
1
1
Value (overall)
70
97
63
47

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →