Financials secunet Security Networks AG

Equities

YSN

DE0007276503

IT Services & Consulting

Market Closed - Xetra 11:36:17 2024-04-26 am EDT 5-day change 1st Jan Change
152.8 EUR +2.69% Intraday chart for secunet Security Networks AG +7.30% +4.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 905.7 1,604 2,675 1,271 944.5 988.5 - -
Enterprise Value (EV) 1 858.8 1,503 2,556 1,268 944.5 944.3 914.6 887.7
P/E ratio 40.7 x 45.7 x 62.1 x 40.6 x 32.4 x 33.6 x 28.3 x 25.1 x
Yield 1.11% 1.02% 0.81% 1.46% - 1.53% 1.95% 2.17%
Capitalization / Revenue 3.99 x 5.62 x 7.92 x 3.66 x 2.4 x 2.46 x 2.27 x 2.08 x
EV / Revenue 3.78 x 5.26 x 7.57 x 3.65 x 2.4 x 2.35 x 2.1 x 1.86 x
EV / EBITDA 21.5 x 25.2 x 34.6 x 20.5 x - 14.8 x 12.9 x 11.5 x
EV / FCF 37.4 x 31.9 x 54.4 x -133 x - 22.8 x 21.6 x 20.6 x
FCF Yield 2.68% 3.14% 1.84% -0.75% - 4.39% 4.62% 4.86%
Price to Book 11.7 x 15.7 x 20.6 x 9.96 x - 6.51 x 5.99 x 5.31 x
Nbr of stocks (in thousands) 6,470 6,470 6,470 6,470 6,470 6,470 - -
Reference price 2 140.0 248.0 413.5 196.4 146.0 152.8 152.8 152.8
Announcement Date 3/30/20 3/19/21 3/25/22 3/24/23 3/20/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 226.9 285.6 337.6 347.2 393.7 402.3 435.1 476.2
EBITDA 1 39.93 59.7 73.81 61.88 - 63.7 70.85 77.3
EBIT 1 33.2 51.64 63.9 47.01 42.98 43.73 51.86 58.25
Operating Margin 14.63% 18.08% 18.93% 13.54% 10.92% 10.87% 11.92% 12.23%
Earnings before Tax (EBT) 1 32.86 51.33 63.59 46.71 42.09 42.99 51.11 57.48
Net income 1 22.2 35.11 43 31.31 29.15 29.41 34.93 39.31
Net margin 9.78% 12.29% 12.74% 9.02% 7.4% 7.31% 8.03% 8.25%
EPS 2 3.440 5.430 6.660 4.840 4.510 4.548 5.405 6.078
Free Cash Flow 1 22.99 47.17 46.98 -9.508 - 41.43 42.25 43.11
FCF margin 10.13% 16.52% 13.92% -2.74% - 10.3% 9.71% 9.05%
FCF Conversion (EBITDA) 57.57% 79.01% 63.65% - - 65.04% 59.64% 55.77%
FCF Conversion (Net income) 103.54% 134.34% 109.26% - - 140.89% 120.97% 109.68%
Dividend per Share 2 1.560 2.540 3.370 2.860 - 2.340 2.979 3.316
Announcement Date 3/30/20 3/19/21 3/25/22 3/24/23 3/20/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2024 Q1
Net sales 1 - 57
EBITDA - -
EBIT 1 - 3
Operating Margin - 5.26%
Earnings before Tax (EBT) - -
Net income 11.08 -
Net margin - -
EPS 1.710 -
Dividend per Share - -
Announcement Date 8/17/20 -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 47 102 119 2.67 - 44.2 73.9 101
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 23 47.2 47 -9.51 - 41.4 42.3 43.1
ROE (net income / shareholders' equity) 30.4% 39% 37.1% 24.4% - 19.7% 21.5% 21.6%
ROA (Net income/ Total Assets) - 16.5% - - - - - -
Assets 1 - 213.3 - - - - - -
Book Value Per Share 2 12.00 15.80 20.00 19.70 - 23.50 25.50 28.80
Cash Flow per Share 2 - - - -0.6100 - 6.230 9.220 9.690
Capex 1 8.26 9.21 6.78 54.5 - 9.1 11 11.7
Capex / Sales 3.64% 3.22% 2.01% 15.7% - 2.26% 2.54% 2.45%
Announcement Date 3/30/20 3/19/21 3/25/22 3/24/23 3/20/24 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
152.8 EUR
Average target price
216.5 EUR
Spread / Average Target
+41.69%
Consensus

Annual profits - Rate of surprise

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