Subscription Transition And Cybersecurity Demand Will Define Future Market Position

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

20 Jan 25

Updated

09 Dec 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-67.6%

7D

6.4%

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1Y

-67.6%

7D

6.4%

You can edit this narrative until Dec 10 6:10 PM. Then, changes will post as Updates.

Author's Valuation

SEK 124.6733.9% undervalued

AnalystConsensusTarget Fair Value

Shared on 09 Dec 25

YUBICO: Wider Retail Access Will Drive Future Demand Despite Recent Downgrade

Analysts trimmed their price target on Yubico to $124.67 from $124.67, a marginal adjustment that reflects slightly higher perceived risk and a more cautious stance following recent downgrades to Hold. Analyst Commentary Analysts describe the latest downgrade as a shift toward a more balanced risk reward profile, with the new Hold rating signaling tempered expectations for near term outperformance rather than a structural change in the company thesis.

Shared on 25 Nov 25

Fair value Decreased 14%

YUBICO: Wider Retail Access Will Increase Long-Term Demand And Market Exposure

Analysts have lowered their price target for Yubico from approximately $144 to $125. This change is due to a reassessment in growth and profitability expectations as reflected in recent research updates.

Shared on 07 Nov 25

YUBICO: Ongoing Retail Expansion Will Drive Wider Market Reach

Narrative Update on Yubico Analyst Price Target Analysts have revised Yubico’s price target, maintaining it at $144.33. Recent research indicates a more cautious outlook and neutral recommendations in response to subdued growth expectations.

Shared on 24 Oct 25

Fair value Decreased 7.33%

Yubico's analyst price target has been revised downward from $155.75 to $144.33, with analysts citing softer revenue growth forecasts and a recent sector downgrade as the primary drivers for the adjustment. Analyst Commentary Bullish Takeaways Bullish analysts see long-term market demand for secure authentication products as supportive of Yubico's growth trajectory.

Shared on 16 Aug 25

Fair value Decreased 23%

Despite an increase in consensus revenue growth forecasts, a sharp decline in Yubico’s future P/E multiple has driven a notable reduction in the analyst price target from SEK202.50 to SEK178.00. What's in the News Yubico expanded YubiKey as a Service to all European Union countries, significantly broadening enterprise access to phishing-resistant security solutions.

Shared on 01 May 25

Fair value Decreased 29%

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 4.83%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 2.56%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 5.34%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 39%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

SEK 124.67

33.9% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

15.34%

Software revenue growth rate

1.22%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

6.43%

Calculation

SEK 597.46m

Earnings '28

x

21.65x

PE Ratio '28

=

SEK 12.93b

Market Cap '28

SEK 12.93b

Market Cap '28

/

86.91m

No. shares '28

=

SEK 148.81

Share Price '28

SEK 148.81 Share Price '28

Discounted to 2025 @ 6.45% p.a.

=

SEK 123.36

Fair Value '25