Financials WithSecure Oyj

Equities

WITH

FI4000519228

Software

Market Closed - Nasdaq Helsinki 11:29:38 2024-04-18 am EDT 5-day change 1st Jan Change
1.04 EUR -0.95% Intraday chart for WithSecure Oyj -7.80% +0.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 480.5 606.7 786.4 239.6 182.2 183.1 - -
Enterprise Value (EV) 1 496.3 595.1 761.8 197.7 159.3 161.8 158.5 157.1
P/E ratio 152 x 47.9 x 62.1 x -6.24 x -4.5 x -29.7 x -139 x 62.4 x
Yield - 1.04% - - - - - -
Capitalization / Revenue 2.21 x 2.76 x 3.33 x 1.78 x 1.28 x 1.2 x 1.12 x 1.06 x
EV / Revenue 2.28 x 2.7 x 3.22 x 1.47 x 1.12 x 1.06 x 0.97 x 0.91 x
EV / EBITDA 21.4 x 16.7 x 20.9 x -7.4 x -9.9 x 25.3 x 12.7 x 10.1 x
EV / FCF 50.4 x 15.3 x 31.5 x -7.9 x -5.65 x -42.6 x 29.1 x 20.8 x
FCF Yield 1.99% 6.52% 3.17% -12.7% -17.7% -2.35% 3.44% 4.82%
Price to Book 6.34 x 7.38 x 8.28 x 1.72 x 1.76 x 1.87 x 1.87 x 1.82 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 1.040 1.040 1.040
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 1 217.3 220.2 236.3 134.7 142.8 152.1 162.8 173.3
EBITDA 1 23.2 35.7 36.5 -26.7 -16.1 6.403 12.49 15.58
EBIT 1 7.2 22.9 25.3 -42.55 -43.89 -5.72 -0.8233 3.76
Operating Margin 3.31% 10.4% 10.71% -31.59% -30.73% -3.76% -0.51% 2.17%
Earnings before Tax (EBT) 1 4.2 16.5 17.43 -44.17 -43.69 -7.196 -1.895 3.384
Net income 1 3.4 12.9 12.7 -38.21 -40.03 -6.087 -1.679 2.728
Net margin 1.56% 5.86% 5.38% -28.37% -28.03% -4% -1.03% 1.57%
EPS 2 0.0200 0.0800 0.0800 -0.2200 -0.2300 -0.0350 -0.007500 0.0167
Free Cash Flow 1 9.856 38.8 24.17 -25.01 -28.22 -3.797 5.458 7.57
FCF margin 4.54% 17.62% 10.23% -18.57% -19.76% -2.5% 3.35% 4.37%
FCF Conversion (EBITDA) 42.48% 108.68% 66.22% - - - 43.68% 48.59%
FCF Conversion (Net income) 289.88% 300.78% 190.29% - - - - 277.49%
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 Q3 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 58.7 61.66 59.7 32.5 33.5 36.4 35.2 34.8 34.8 37.98 36.93 36.9 37.47 40.83
EBITDA 1 11 7.7 7.9 -10.5 -4 -6.1 -6.2 -7.9 -2.3 0.2 0.3333 0.7667 1.967 1.5
EBIT 1 8.3 4.7 4.9 -13.5 -6.1 -8.352 -13.9 -9.6 -11.8 -8.611 -2.65 -1.95 -1 -1.9
Operating Margin 14.14% 7.62% 8.21% -41.54% -18.21% -22.95% -39.49% -27.59% -33.91% -22.68% -7.18% -5.28% -2.67% -4.65%
Earnings before Tax (EBT) 1 6.9 2.029 -3.1 -13.7 -6.4 -9.171 -13.93 -9.155 -11.7 - -3.45 -2.55 -1.65 -1.7
Net income 1 5.6 0.803 -3.7 446.8 -4.9 -7.91 -11.08 -6.854 -10.37 - -3 -2.15 -1.45 -1.5
Net margin 9.54% 1.3% -6.2% 1,374.77% -14.63% -21.73% -31.49% -19.7% -29.81% - -8.12% -5.83% -3.87% -3.67%
EPS 2 0.0400 0.0100 -0.0200 2.660 -0.0300 -0.0400 -0.0600 -0.1000 -0.0600 -0.0700 -0.0167 -0.0100 -0.0100 -0.0100
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 10/21/21 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 - - - -
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 21.3 24.5 26
Leverage (Debt/EBITDA) 0.6825 x - - - - - - -
Free Cash Flow 1 9.86 38.8 24.2 -25 -28.2 -3.8 5.46 7.57
ROE (net income / shareholders' equity) 4.7% 16.2% 14.3% -32.5% -32.9% -6.88% 0.48% 3.6%
ROA (Net income/ Total Assets) - - 5.24% - -17.7% - - -
Assets 1 - - 242.4 - 226.6 - - -
Book Value Per Share 2 0.4800 0.5200 0.6000 0.8000 0.5900 0.5600 0.5600 0.5700
Cash Flow per Share 2 0.1200 0.2900 0.1900 -0.1200 -0.1300 0.0200 0.0700 0.0800
Capex 1 8.63 7.9 6.57 4.77 5.16 5.58 6.17 6.4
Capex / Sales 3.97% 3.59% 2.78% 3.54% 3.61% 3.67% 3.79% 3.69%
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
1.04 EUR
Average target price
1.333 EUR
Spread / Average Target
+28.20%
Consensus
  1. Stock Market
  2. Equities
  3. WITH Stock
  4. Financials WithSecure Oyj