WithSecure: A corporate security growth company a with cheap valuation
In the next few years, WithSecure, profiled as a growth company in corporate security, will invest heavily in growing its cloud-native product portfolio. In the short term, this depresses the company's profitability, but if the strategy is successful, the path to significant profitability improvement and shareholder value creation is clear. The first signs of gradually improving figures were already seen in Q3, but in the big picture proper results will only be achieved in the longer term. After a sharp share price decline we do not believe that the current valuation of WihSecure’s share puts significant weight on the company's underlying scalable growth potential.
WithSecure
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.
Read more on company pageKey Estimate Figures24.11.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 130.0 | 135.0 | 153.6 |
growth-% | -40.97 % | 3.89 % | 13.74 % |
EBIT (adj.) | -26.8 | -33.0 | -16.0 |
EBIT-% (adj.) | -20.59 % | -24.43 % | -10.42 % |
EPS (adj.) | -0.13 | -0.17 | -0.08 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | - | - | - |
EV/EBITDA | - | - | - |