WithSecure
0.739
EUR
-1.73 %
WITH
NASDAQ Helsinki
IT Services
Technology
9,170 following
-1.73%
-4.03%
-10.64%
-29.75%
-29.75%
-28.67%
-23.66%
-64.62%
-42.39%
-93.34%
www.withsecure.com/en/about-us/investor-relations
WithSecure operates in the IT sector. The company specializes in cyber security solutions. Today, the company provides IT solutions that are used to manage computer viruses and other potential IT threats within data, mobile and cloud services. The company's services are mainly offered to business customers and larger institutions. Operations are held around the Nordic and European markets. The head office is in Helsinki.
P/E (adj.) (24e)
-20.64
EV/EBIT (adj.) (24e)
-16
EV/S (24e)
0.89
Dividend yield-% (24e)
-
Target price
1.10 EUR
Recommendation
Buy
Updated
23.10.2024
NASDAQ Helsinki
WITH
Daily low / high price
0.723 / 0.764
EUR
Market cap
130.14M EUR
Turnover
52.42K EUR
Volume
71K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Atte Riikola
Analyst
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 220.2 | 130.0 | 134.7 | 142.8 | 147.6 | 154.8 | 163.1 | 171.4 |
| growth-% | 1.3 % | -41.0 % | 3.6 % | 6.0 % | 3.4 % | 4.8 % | 5.4 % | 5.1 % |
| EBITDA | 35.7 | -16.6 | -29.9 | -25.1 | 1.0 | 8.3 | 11.5 | 14.9 |
| EBIT (adj.) | 22.9 | -26.8 | -36.8 | -26.3 | -8.3 | -3.3 | 0.1 | 3.2 |
| EBIT | 19.7 | -30.1 | -42.6 | -43.9 | -26.9 | -5.3 | -1.9 | 1.3 |
| Profit before taxes | 16.5 | -30.4 | -44.2 | -43.7 | -27.1 | -5.3 | -2.0 | 1.2 |
| Net income | 12.9 | -25.4 | -38.2 | -40.0 | -25.0 | -4.2 | -1.8 | 1.1 |
| EPS (adj.) | 0.10 | -0.13 | -0.19 | -0.13 | -0.04 | -0.01 | 0.00 | 0.02 |
| growth-% | 193.0 % | -234.3 % | 1,485.3 % | |||||
| Dividend | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend ratio | 49.1 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 16.2 % | -12.8 % | -22.2 % | -17.6 % | 0.7 % | 5.4 % | 7.1 % | 8.7 % |
| EBIT-% (adj.) | 10.4 % | -20.6 % | -27.3 % | -18.4 % | -5.6 % | -2.1 % | 0.1 % | 1.9 % |
| EBIT-% | 8.9 % | -23.1 % | -31.6 % | -30.7 % | -18.2 % | -3.4 % | -1.2 % | 0.8 % |
| ROE | 16.2 % | -28.6 % | -32.4 % | -32.9 % | -27.6 % | -5.5 % | -2.5 % | 1.5 % |
| ROI | 16.4 % | -24.5 % | -30.7 % | -32.5 % | -24.6 % | -5.3 % | -2.0 % | 1.4 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 3.84 | 4.97 | 1.37 | 1.04 | 0.74 | 0.74 | 0.74 | 0.74 |
| Shares | 158.1 | 158.4 | 174.5 | 174.5 | 176.0 | 176.0 | 176.0 | 176.0 |
| Market cap | 606.4 | 787.0 | 239.6 | 180.8 | 130.1 | 130.1 | 130.1 | 130.1 |
| Enterprise value | 594.8 | 762.4 | 183.7 | 157.9 | 132.1 | 130.4 | 130.3 | 127.5 |
| EV/S | 2.7 | 5.9 | 1.4 | 1.1 | 0.9 | 0.8 | 0.8 | 0.7 |
| EV/EBITDA | 16.7 | - | - | - | 129.2 | 15.6 | 11.3 | 8.6 |
| EV/EBIT (adj.) | 26.0 | - | - | - | - | - | 1,523.5 | 40.0 |
| EV/EBIT | 30.2 | - | - | - | - | - | - | 97.0 |
| P/E (adj.) | 39.8 | - | - | - | - | - | 695.7 | 43.9 |
| P/E | 47.1 | - | - | - | - | - | - | 119.0 |
| P/B | 7.4 | 8.2 | 1.7 | 1.8 | 1.7 | 1.8 | 1.8 | 1.8 |
| P/S | 2.8 | 6.1 | 1.8 | 1.3 | 0.9 | 0.8 | 0.8 | 0.8 |
| Dividend yield | 1.0 % | |||||||
| Equity ratio | 52.5 % | 59.6 % | 79.0 % | 73.3 % | 63.0 % | 60.2 % | 57.3 % | 56.7 % |
| Gearing ratio | -14.1 % | -25.8 % | -39.9 % | -22.2 % | 2.6 % | 0.4 % | 0.3 % | -3.5 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.0 | 142.8 | 36.2 | 36.8 | 36.1 | 38.4 | 147.6 | 37.8 | 38.6 |
| EBITDA | -5.4 | -25.1 | 0.1 | -1.7 | 1.5 | 1.2 | 1.0 | 1.7 | 0.9 |
| EBIT | -8.6 | -43.9 | -2.9 | -4.7 | -17.2 | -2.1 | -26.9 | -1.7 | -2.5 |
| Profit before taxes | -8.9 | -43.7 | -2.6 | -4.6 | -17.8 | -2.1 | -27.1 | -1.7 | -2.5 |
| Net income | -11.7 | -40.0 | -2.2 | -3.6 | -17.5 | -1.7 | -25.0 | -1.3 | -2.0 |
ShowingAll content types
WithSecure's Investor Day registration, program and speakers
WithSecure launches a new Employee Share Savings Plan period for 2025-2027
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WithSecure Q3 Interim Report
WithSecure to host an Investor Day on 22 November 2024
WithSecure Interim report 1 January – 30 September 2024: Elements software continues growth, profitability maintained despite challenges in services
WithSecure Corporation, Inside information: Cyber security consulting goodwill impairment of EUR 15.5 million
WithSecure Corporation to publish interim report for January-September 2024 on 23 October 2024
Inside information, profit warning: WithSecure Corporation lowers its 2024 Elements Cloud products and services ARR, Elements Cloud products and services revenue, and total group revenue outlook
WithSecure Q2 Interim Report
WithSecure Half-year report 1 January – 30 June 2024: ARR growth developing favorably, consulting performance improving
WithSecure Corporation to publish half-year report for January-June 2024 on 16 July 2024
