OneSpan Inc.

OneSpan Inc.

OSPNยทNASDAQ

$14.44

-5.9%
TechnologySoftware - Infrastructure

OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data signing, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services. It also provides Mobile Security Suite, a software development kit; Mobile Authenticator Studio, a mobile authenticator that operates as a discrete mobile application; and authentication servers, which enables customers to administer a high level of access control. In addition, it offers Trusted Identity Platform, a cloud platform that simplify and secure user journeys; Intelligent Adaptive Authentication; and Risk Analytics, a comprehensive anti-fraud solution. It sells its solutions through its direct sales force, as well as through distributors, resellers, systems integrators, and original equipment manufacturers. The company was formerly known as VASCO Data Security International, Inc. and changed its name to OneSpan Inc. in May 2018. OneSpan Inc. was founded in 1991 and is headquartered in Chicago, Illinois. OneSpan Inc. was a former subsidiary of Guidewire Software, Inc.

At a Glance

Live Snapshot
Market Cap$535.33M
EPS1.9100
P/E Ratio7.56
Earnings Date08/04/2026
OneSpan Inc.

OneSpan Inc. Fair Value Envelope

OSPN ยท NASDAQ

Our analysis suggests that OSPN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $14.44, this represents a potential HIDDEN relative to our calculated worth for OneSpan Inc..

Intrinsic Value
Current Price: $14.44

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1.7B
+ Cash & Equivalents$70.5M
Firm Value$1.7B
- Debt$6.1M
Equity Value$1.7B
/ Shares Outstanding38,256,377B
DCF Value$45
UNDERVALUED BY 211%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$64.7M
$70.3M
$76.5M
$83.2M
$90.5M
$98.5M
$107.1M
$116.5M
$126.7M
$137.9M
Maintenance CapEx
-$1.9M
-$2.1M
-$2.3M
-$2.5M
-$2.7M
-$3.0M
-$3.2M
-$3.5M
-$3.8M
-$4.2M
Owner Earnings
$62.7M
$68.2M
$74.2M
$80.7M
$87.8M
$95.5M
$103.9M
$113.0M
$122.9M
$133.7M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$58.1M
$58.5M
$58.9M
$59.3M
$59.8M
$60.2M
$60.6M
$61.1M
$61.5M
$61.9M
Terminal Value represents 63.7% of Enterprise Value