Skip to content
Company Analysis

OneSpan Inc. OSPN

A comprehensive view of key metrics, scores, and financial health for OneSpan Inc.

Overview of OneSpan Inc.

OSPN NCM
Technology Software - Infrastructure Framework: Software & SaaS Small Cap
OneSpan Inc. (OSPN), is a Small Cap company, in the Software - Infrastructure industry, last closed at $25.55, about 12.6% undervalued vs fair value, +109.4% 1Y return, ranked 220/780 in sector.
Metrics P/E 6.8× Rev Growth 0.0% ROE 30.1% Gross Margin 73.8% Div Yield 3.78%
USD 25.55
-0.43%
(Delayed)
• Vol 90d: 52.0%
52-Week Range
Market Cap
$942.66M
Enterprise Value
$904.32M
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Weak
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 94%
Confidence: 95%
Updated: Oct 31
Top Beats
No strong beats yet

Quick Facts

Website https://www.onespan.com
HQ Boston, MA
Employees 571
Fiscal year Dec 31

Next Events

Dividend Nov 13

Fair Value Snapshot

Bear Base Bull
$26
$29
$32
Current: $25.55 +13% vs base

Engine Room Money Flow™

Small Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps
Total Revenue
$243.2M
0%%
Gross Profit
$179.4M
2.7%%
Operating Income (GAAP)
$48.4M
8.1%%
Operating Cash Flow
$59.5M
6.8%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Software & SaaS

Quality & Reliability Indicators

Gross Margin
73.8%
Excellent

Gross Profit / Revenue — pricing power and product moat (SaaS benchmark: >70%)

Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$31.6M
62.7% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
3
Active Leaks
0/3
Improving
0
High Impact
0
Critical
Locked Leak
Upgrade to view details
Premium
Locked Leak
Upgrade to view details
Premium
Moat Analysis Software & SaaS Specialized

Competitive Advantage Assessment

Evaluating OneSpan Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
62
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Revenue Converts Cleanly to Cash Cash conversion is strong (score 0.78), showing scalable economics.
  • Premium Software Margins Gross margin quality is strong versus peers (score 0.79), consistent with premium software economics.

Key risks

  • Growth-Profit Balance Looks Weak Innovation payoff is weak (score 0.38), indicating limited return on reinvestment.
  • Contracted Demand Looks Thin Contracted demand signal is weak (score 0.36), limiting evidence of strong subscription stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Moderate
65
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Recurring Revenue Stickiness

Premium

Signals, strengths and risks for Innovation Engine

Premium

Signals, strengths and risks for Cash Scalability

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Balance Sheet Resilience

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing OSPN's balance between Growth (22.1%), Profitability (41.3%), and Safety (36.6%). Growth 22% Safety 37% Profitability 41%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
Upgrade to unlock the full 3-year trend analysis and deltas.

Growth

38th percentile vs peers
39
Key Signals
Def Rev Growth 4.7% 44p Revenue CAGR 3Y 3.5% 35p Rev Growth YoY 0.0% 26p Buyback % -1.8% 76p EPS Growth YoY 28.4% 51p
Strengths
  • Cash to Debt Ratio in top 20% of peers (11.48, 84th percentile)
  • Superior capital returns - 2 return metrics above peer median
  • Operating Margin in top 20% of peers (19.9%, 86th percentile)
Risks
  • Growth below peer median (percentile: 38)

Profitability

72th percentile vs peers
72
Key Signals
Strengths
Risks
Premium
Unlock full Profitability drilldowns

See the signal-level drivers and insights behind this axis. Upgrade to reveal the full Trade-Off Ledger.

Upgrade Now

Safety

64th percentile vs peers
64
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for OneSpan Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
X.X%
-XX%XX%
XX.X%
-XX%XX%
Adjust the sliders above to explore different valuation scenarios.
Unlock Premium
Reveal the full Scenario Theatre
See live sliders, narratives, and full Bear/Base/Bull outcomes.
Upgrade Now
Bear
-
- - -
- upside
-
Base
$28.78
- - -
+12.6% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
Actions & Info
Send Feedback
Please select a category.
0/1000