WITHSECURE OYJ |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.08 EUR | +2.47% |
|
+3.05% | +4.25% |
| Apr. 24 | Transcript : WithSecure Oyj, Q1 2024 Earnings Call, Apr 24, 2024 | |
| Apr. 22 | WithSecure Oyj Provides Revenue Guidance for the Year 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 480.5 | 606.7 | 786.4 | 239.6 | 182.2 | 190.1 | - | - |
| Enterprise Value (EV) 1 | 496.3 | 595.1 | 761.8 | 197.7 | 159.3 | 169.6 | 166.7 | 163.3 |
| P/E ratio | 152 x | 47.9 x | 62.1 x | -6.24 x | -4.5 x | -33.3 x | -183 x | 104 x |
| Yield | - | 1.04% | - | - | - | - | - | - |
| Capitalization / Revenue | 2.21 x | 2.76 x | 3.33 x | 1.78 x | 1.28 x | 1.25 x | 1.17 x | 1.1 x |
| EV / Revenue | 2.28 x | 2.7 x | 3.22 x | 1.47 x | 1.12 x | 1.12 x | 1.03 x | 0.94 x |
| EV / EBITDA | 21.4 x | 16.7 x | 20.9 x | -7.4 x | -9.9 x | 27.2 x | 14 x | 10.7 x |
| EV / FCF | 50.4 x | 15.3 x | 31.5 x | -7.9 x | -5.65 x | -51.5 x | 26.2 x | 21.3 x |
| FCF Yield | 1.99% | 6.52% | 3.17% | -12.7% | -17.7% | -1.94% | 3.82% | 4.69% |
| Price to Book | 6.34 x | 7.38 x | 8.28 x | 1.72 x | 1.76 x | 1.99 x | 1.96 x | 1.91 x |
| Nbr of stocks (in thousands) | 157,787 | 158,192 | 158,387 | 174,527 | 175,873 | 176,017 | - | - |
| Reference price 2 | 3.045 | 3.835 | 4.965 | 1.373 | 1.036 | 1.080 | 1.080 | 1.080 |
| Announcement Date | 2/12/20 | 2/10/21 | 2/17/22 | 2/9/23 | 2/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 217.3 | 220.2 | 236.3 | 134.7 | 142.8 | 151.5 | 162.4 | 173.2 |
| EBITDA 1 | 23.2 | 35.7 | 36.5 | -26.7 | -16.1 | 6.233 | 11.88 | 15.2 |
| EBIT 1 | 7.2 | 22.9 | 25.3 | -42.55 | -43.89 | -6.71 | -0.875 | 2.998 |
| Operating Margin | 3.31% | 10.4% | 10.71% | -31.59% | -30.73% | -4.43% | -0.54% | 1.73% |
| Earnings before Tax (EBT) 1 | 4.2 | 16.5 | 17.43 | -44.17 | -43.69 | -6.847 | -0.8879 | 3.261 |
| Net income 1 | 3.4 | 12.9 | 12.7 | -38.21 | -40.03 | -6.091 | -0.8066 | 2.59 |
| Net margin | 1.56% | 5.86% | 5.38% | -28.37% | -28.03% | -4.02% | -0.5% | 1.5% |
| EPS 2 | 0.0200 | 0.0800 | 0.0800 | -0.2200 | -0.2300 | -0.0324 | -0.005900 | 0.0104 |
| Free Cash Flow 1 | 9.856 | 38.8 | 24.17 | -25.01 | -28.22 | -3.293 | 6.365 | 7.662 |
| FCF margin | 4.54% | 17.62% | 10.23% | -18.57% | -19.76% | -2.17% | 3.92% | 4.42% |
| FCF Conversion (EBITDA) | 42.48% | 108.68% | 66.22% | - | - | - | 53.59% | 50.41% |
| FCF Conversion (Net income) | 289.88% | 300.78% | 190.29% | - | - | - | - | 295.79% |
| Dividend per Share 2 | - | 0.0400 | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 2/10/21 | 2/17/22 | 2/9/23 | 2/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 61.66 | 59.7 | 32.5 | 33.5 | 36.4 | 35.2 | 34.8 | 34.8 | 37.98 | 36.2 | 36.57 | 37.5 | 41.03 |
| EBITDA 1 | 7.7 | 7.9 | -10.5 | -4 | -6.1 | -6.2 | -7.9 | -2.3 | 0.2 | - | -0.5 | 1.6 | 2.7 |
| EBIT 1 | 4.7 | 4.9 | -13.5 | -6.1 | -8.352 | -13.9 | -9.6 | -11.8 | -8.611 | -2.9 | -3.7 | -1.533 | -0.8 |
| Operating Margin | 7.62% | 8.21% | -41.54% | -18.21% | -22.95% | -39.49% | -27.59% | -33.91% | -22.68% | -8.01% | -10.12% | -4.09% | -1.95% |
| Earnings before Tax (EBT) 1 | 2.029 | -3.1 | -13.7 | -6.4 | -9.171 | -13.93 | -9.155 | -11.7 | - | -2.643 | -4 | -1.75 | -0.3 |
| Net income 1 | 0.803 | -3.7 | 446.8 | -4.9 | -7.91 | -11.08 | -6.854 | -10.37 | - | -2.161 | -3.45 | -1.5 | -0.1 |
| Net margin | 1.3% | -6.2% | 1,374.77% | -14.63% | -21.73% | -31.49% | -19.7% | -29.81% | - | -5.97% | -9.43% | -4% | -0.24% |
| EPS 2 | 0.0100 | -0.0200 | 2.660 | -0.0300 | -0.0400 | -0.0600 | -0.1000 | -0.0600 | -0.0700 | -0.0100 | -0.0200 | -0.0100 | -0.003330 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/17/22 | 4/27/22 | 7/20/22 | 10/27/22 | 2/9/23 | 4/20/23 | 7/13/23 | 10/18/23 | 2/13/24 | 4/24/24 | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 15.8 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 11.6 | 24.6 | 41.9 | 22.9 | 20.5 | 23.4 | 26.8 |
| Leverage (Debt/EBITDA) | 0.6825 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 9.86 | 38.8 | 24.2 | -25 | -28.2 | -3.29 | 6.37 | 7.66 |
| ROE (net income / shareholders' equity) | 4.7% | 16.2% | 14.3% | -32.5% | -32.9% | -6.93% | 0.12% | 4.02% |
| ROA (Net income/ Total Assets) | - | - | 5.24% | - | -17.7% | -3.79% | -0.46% | 0.94% |
| Assets 1 | - | - | 242.4 | - | 226.6 | 160.9 | 177.3 | 276.7 |
| Book Value Per Share 2 | 0.4800 | 0.5200 | 0.6000 | 0.8000 | 0.5900 | 0.5400 | 0.5500 | 0.5700 |
| Cash Flow per Share 2 | 0.1200 | 0.2900 | 0.1900 | -0.1200 | -0.1300 | 0.0300 | 0.0600 | 0.0800 |
| Capex 1 | 8.63 | 7.9 | 6.57 | 4.77 | 5.16 | 6.87 | 6.1 | 6.31 |
| Capex / Sales | 3.97% | 3.59% | 2.78% | 3.54% | 3.61% | 4.53% | 3.76% | 3.64% |
| Announcement Date | 2/12/20 | 2/10/21 | 2/17/22 | 2/9/23 | 2/13/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
1.08
EUR
Average target price
1.317
EUR
Spread / Average Target
+21.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.25% | 203M | |
| -1.17% | 94.04B | |
| +9.65% | 48.97B | |
| -1.04% | 17.07B | |
| -9.60% | 13.14B | |
| +10.75% | 10.26B | |
| +64.17% | 4.83B | |
| -24.96% | 3.12B | |
| -17.66% | 1.67B | |
| -10.28% | 1.16B |
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- Financials WithSecure Oyj
