Webstar Technology (WBSR) Stock Price, Financials & Analysis

Key Stats

Market Cap4.06 Mn

P/E-1.55

Total Debt (Qtr)38.38 Mn

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About

Webstar Technology Group, Inc. is an early-stage specialty real estate development company focused on identifying, partnering in, and developing multitenant buildings that can be upgraded to green or energy-efficient status, as well as entertainment and resort real estate projects in the United States. The company operates under the brand name "Webstar Technology Group" and has shifted its focus from prior software licensing activities to real estate development through its…

The company generates revenue through the development and potential sale or leasing of real estate projects, primarily via its subsidiary Forge Atlanta, which is engaged in the planning and execution of mixed-use developments. Revenue is expected to derive from property sales, leasing arrangements, and potential financing mechanisms such as taxable revenue bonds issued through local development authorities. The company does not currently generate significant revenue from operations but is in the pre-development phase of its flagship project.

The company operates through the following segments:

Forge Atlanta: This segment is responsible for the acquisition, development, and management of the Forge Atlanta project, a 10-acre mixed-use real estate development in Downtown Atlanta’s Castleberry Hill district. The segment focuses on planning and implementing a commercial and residential complex that includes plans for green infrastructure and energy-efficient upgrades. Forge Atlanta Asset Management, LLC serves as the special purpose vehicle through which the company advances this initiative, with plans to pursue tokenization of economic interests via blockchain-enabled infrastructure.

The company operates in a competitive real estate development landscape that includes national and regional developers specializing in urban mixed-use, sustainable, and transit-oriented projects. Its competitive position stems from its focus on niche markets such as upgradable multitenant buildings and its use of innovative financing structures, including potential tokenization and public-private partnership models. The company differentiates itself through its emphasis on sustainability and technology integration in real estate, although it remains an early-stage player with limited scale compared to established developers.

The company serves institutional investors, potential commercial and residential tenants, and public partners involved in urban development initiatives. Specific customer or partner names disclosed in the filing include Urbantec Development Partners, LLC, which holds a 10% stake in the Forge Atlanta Asset Management LLC joint venture, and McCall Railroad, LLC, from which the company is acquiring land for the Forge Atlanta project. The company also engages with the Development Authority of Fulton County regarding potential taxable revenue bond issuances to support project financing.

How Webstar Technology ranks

Ranked against the 31 companies in Property Developers58 metrics · as of Oct 16, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last

P/ENegative earnings −1.55xMedian 7.73x 25^th
P/FCFNegative free cash flow −3.26xMedian 7.58x 29^th
P/Operating cash flowNegative operating cash flow −3.26xMedian 17.8x 11^th
P/S —Median 3.47x No data —
P/BNegative shareholder equity −1.10xMedian 0.53x Not meaningful —
P/Tangible bookNegative tangible equity −1.10xMedian 0.58x Not meaningful —
EV/EBITDA —Median 12.8x No data —
EV/EBITNegative EBIT −69.9xMedian 9.07x 42^nd
EV/Revenue —Median 6.83x No data —
EV/FCFNegative free cash flow −34.1xMedian 9.17x 31^st
EV/Operating cash flowNegative operating cash flow −34.1xMedian 17.3x 18^th
PEG (3Y EPS CAGR)Negative earnings −0.02Median 0.76 Not meaningful —

Growth

14 metrics · Year-on-year growth and three-year compound annual growth

Revenue growth (1Y) —Median 10.5% No data —
Revenue CAGR (3Y) —Median 6.3% No data —
Gross profit growth (1Y) —Median 6.7% No data —
Gross profit CAGR (3Y) —Median 13.2% No data —
Operating income growth (1Y) −159%Median 18.6% 5^th
Operating income CAGR (3Y) 67.1%Median 9.8% 95^th
Net income growth (1Y) 37.3%Median 37.3% 50^th
Net income CAGR (3Y) 55.5%Median 13.2% 90^th
EPS growth (1Y) 40.1%Median 49.5% 46^th
EPS CAGR (3Y) 69.2%Median 13.6% 95^th
Operating cash flow growth (1Y) −781%Median 21.3% 1^st
Operating cash flow CAGR (3Y) −96.3%Median 10.0% 11^th
Free cash flow growth (1Y) −781%Median 41.4% 5^th
Free cash flow CAGR (3Y) −96.3%Median 5.2% 11^th

Profitability

14 metrics · Margins, returns on capital and the quality of earnings

Gross margin —Median 20.5% No data —
EBITDA margin —Median −11.1% No data —
Operating margin —Median −7.7% No data —
Pretax margin —Median 9.1% No data —
Net margin —Median 12.7% No data —
FCF margin —Median 0.4% No data —
Operating cash flow margin —Median 16.5% No data —
Return on equity —Median 6.0% No data —
Return on assets −7.1%Median 0.9% 33^rd
Return on invested capital —Median 0.0% No data —
Return on capital employed —Median −6.7% No data —
Asset turnover —Median 0.15x No data —
Cash conversion (OCF / net income)Net income is not positive 0.46xMedian 1.67x Not meaningful —
Stock comp / revenue —Median 2.0% No data —

Financial Health

11 metrics · Leverage, liquidity and solvency; less debt ranks higher

Debt / assets 101%Median 36.0% 5^th
Debt / equityNegative shareholder equity −10.4xMedian 0.42x Not meaningful —
Net debt / EBITDA —Median 1.84x No data —
Debt / FCFFree cash flow is not positive −30.9xMedian 2.47x Not meaningful —
Liabilities / assets 110%Median 42.3% 11^th
Equity / assetsNegative shareholder equity −9.7%Median 57.7% 11^th
Interest coverage −0.55xMedian −3.40x 58^th
Current ratio 0.94xMedian 1.65x 20^th
Quick ratio 0.00xMedian 0.93x 1^st
Cash ratio 0.00xMedian 0.62x 1^st
Altman Z-score —Median 0.25 No data —

S.No.	Ticker	Company	Market Cap	P/E	P/S	Total Debt (Qtr)
1	TPL	Texas Pacific Land Corp	23.82 Bn	44.00	26.54	-
2	JOE	ST JOE Co	3.97 Bn	32.27	7.25	-
3	MRP	Millrose Properties, Inc.	3.85 Bn	8.10	5.07	2.48 Bn
4	LB	LandBridge Co LLC	2.21 Bn	25.32	9.81	0.54 Bn
5	OPEN	Opendoor Technologies Inc.	2.01 Bn	-1.32	0.62	1.96 Bn
6	FOR	Forestar Group Inc.	1.31 Bn	7.70	0.76	0.79 Bn
7	FPH	Five Point Holdings, LLC	0.66 Bn	12.43	5.64	0.44 Bn
8	WBSR	Webstar Technology Group Inc.	0.00 Bn	-1.55	-	0.04 Bn

Webstar Technology WBSR

About

How Webstar Technology ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

Webstar Technology WBSR

About

How Webstar Technology ranks

Valuation

Growth

Profitability

Financial Health

Shareholder Returns

Peer Comparison

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