View Past PerformanceF-Secure Oyj バランスシートの健全性財務の健全性 基準チェック /26F-Secure Oyjの総株主資本は€53.5M 、総負債は€151.0Mで、負債比率は282.4%となります。総資産と総負債はそれぞれ€268.6Mと€215.1Mです。 F-Secure Oyjの EBIT は€33.6Mで、利息カバレッジ比率5.2です。現金および短期投資は€13.8Mです。主要情報282.41%負債資本比率€151.04m負債インタレスト・カバレッジ・レシオ5.2x現金€13.81mエクイティ€53.48m負債合計€215.07m総資産€268.55m財務の健全性に関する最新情報分析記事 • Apr 27These 4 Measures Indicate That F-Secure Oyj (HEL:FSECURE) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...すべての更新を表示Recent updatesお知らせ • May 26F-Secure and Ntt Docomo Launch New Anshin Security Plans with Scam Protection Features in JapanF-Secure announced the expansion of its partnership with NTT DOCOMO, INC. with the launch of two new security plans that bring stronger scam protection to DOCOMO customers. The new "Anshin Security Standard Plan - Scam Protection Plus" and "Anshin Security Total Plan - Scam Protection Plus" will be available later this month. The new plans include F-Secure's scam protection features, such as scam checking and fake image detection. According to new research from F-Secure, more than 56% of all consumers are targeted by scammers each month, and financial scam losses have doubled in the last year alone.お知らせ • May 22F-Secure Announces F-Secure Trust to Redefine Consumer Protection in the Agentic AI EraF-Secure set out its vision for trust as the defining commercial opportunity of the agentic AI era, announcing F-Secure Trust alongside its strategic alliance with Quantum AI Lab Qutwo. F-Secure Trust introduces a new generation of protection capabilities designed for a world in which AI agents act on consumers' behalf — establishing trusted digital experiences as the defining standard for consumer security in the agentic era. F-Secure's response is built on two fundamental shifts: from protection to resilience, and from security to trust. F-Secure Trust provides continuous protection across entire digital flows — from first search to final delivery, across every device and step, whether driven by the consumer or their AI agent. Under F-Secure Trust, two standout capabilities are in development: F-Secure TrustPath: a first-of-its-kind approach that secures entire digital lifestyle flows end-to-end — mapping every touchpoint from discovery to delivery under a single trusted experience. F-Secure TrustGuard: a protection layer around AI interactions, helping consumers engage confidently in an AI-mediated environment. F-Secure Trust capabilities are expected to enter beta phase in Fourth Quarter 2026 and production phase in First Quarter 2027. F-Secure's research shows that 93% of consumers think it is important their digital service provider offers protection, and 82% say security influences their choice of provider. F-Secure Trust is building the capability to serve them directly as well. F-Secure's position in the trust economy is grounded in a record that cannot be manufactured at speed: 38 years of protecting consumers, partnerships with over 200 organizations globally, and a direct-to-consumer presence. F-Secure Trust extends that expertise across every route to market.Reported Earnings • May 05First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: €0.02 (down from €0.03 in 1Q 2025). Revenue: €36.3m (down 2.1% from 1Q 2025). Net income: €3.36m (down 43% from 1Q 2025). Profit margin: 9.3% (down from 16% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 14% per year.Declared Dividend • Apr 09Dividend of €0.02 announcedShareholders will receive a dividend of €0.02. Ex-date: 29th September 2026 Payment date: 7th October 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 26+ 1 more updateF-Secure Corporation Approves Dividend for the Year Ended 31 December 2025, Payable in Two Instalments on 8 April 2026 and 7 October 2026F-Secure Corporation at its Annual General Meeting held on 25 March 2026 resolved that based on the balance sheet for the financial year that ended on 31 December 2025, a dividend of EUR 0.04 per share be paid. The dividend will be paid in two instalments as follows: The first dividend instalment of EUR 0.02 per share will be paid to shareholders who are registered in the Company's shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the first dividend instalment on 30 March 2026. The first dividend instalment will be paid on 8 April 2026. The second dividend instalment of EUR 0.02 per share will be paid to shareholders who are registered in the Company’s shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the second dividend instalment on 30 September 2026. The second dividend instalment will be paid on 7 October 2026.Upcoming Dividend • Mar 20Upcoming dividend of €0.02 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 08 April 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Finnish dividend payers (5.4%). Higher than average of industry peers (1.1%).Declared Dividend • Mar 02Final dividend of €0.02 announcedDividend of €0.02 is the same as last year. Ex-date: 31st March 2026 Payment date: 8th April 2026 Dividend yield will be 2.5%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 20F-Secure Oyj to Report Fiscal Year 2025 Final Results between Feb 23, 2026 and Feb 27, 2026F-Secure Oyj announced that they will report fiscal year 2025 final results on between Feb 23, 2026 and Feb 27, 2026Reported Earnings • Feb 08Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €0.13 (up from €0.12 in FY 2024). Revenue: €145.7m (flat on FY 2024). Net income: €22.4m (up 6.2% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.お知らせ • Jan 22F-Secure Oyj to Report Fiscal Year 2025 Results on Feb 05, 2026F-Secure Oyj announced that they will report fiscal year 2025 results at 8:00 AM, E. Europe Standard Time on Feb 05, 2026お知らせ • Jan 14F-Secure Corporation Announces Executive ChangesF-Secure Corporation's SVP, Corporate Development and a member of the Leadership Team, Antero Norkio, has decided to leave the Company to pursue new opportunities. He will continue in the company until January 30, 2026. Jyrki Tulokas (born 1975) has been appointed as Chief Strategy Officer (CSO) and a member of the Leadership Team of F-Secure Corporation. He will start in this position as of February 2, 2026. Jyrki has over 25 years of experience bridging complex technology and commercial growth. He has held diverse leadership roles as Chief Strategy Officer, Chief Technology Officer, Chief Digital Officer, as well as various product leadership positions across B2B SaaS, B2B2C SaaS, consumer electronics, and high-volume retail. Most recently, Jyrki has served as Chief Strategy Officer and Chief Technology Officer at Verkkokauppa.com since 2021, guiding strategic direction and leading the company’s technology development including AI, automation, cybersecurity, and digital transformation for one of the Nordic region's largest e-commerce companies. Before joining Verkkokauppa.com, Jyrki spent over two decades in F-Secure, where he held several senior leadership roles including Chief Strategy Officer, Executive Vice President of Cyber Security Products and Consulting, and Executive Vice President and Chief Technology Officer. At F-Secure, he will report to F-Secure President & CEO Timo Laaksonen and will be based at the company headquarters in Helsinki.New Risk • Dec 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (284% net debt to equity). Share price has been volatile over the past 3 months (5.6% average weekly change).お知らせ • Dec 06+ 3 more updatesF-Secure Oyj to Report Fiscal Year 2025 Results on Feb 05, 2026F-Secure Oyj announced that they will report fiscal year 2025 results at 10:00 AM, USSR Zone1 on Feb 05, 2026お知らせ • Nov 21F-Secure Oyj, Annual General Meeting, Mar 25, 2026F-Secure Oyj, Annual General Meeting, Mar 25, 2026.分析記事 • Oct 31Results: F-Secure Oyj Beat Earnings Expectations And Analysts Now Have New ForecastsIt's been a good week for F-Secure Oyj ( HEL:FSECURE ) shareholders, because the company has just released its latest...Reported Earnings • Oct 30Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: €0.04 (in line with 3Q 2024). Revenue: €36.1m (flat on 3Q 2024). Net income: €6.22m (down 7.3% from 3Q 2024). Profit margin: 17% (down from 19% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year.Upcoming Dividend • Sep 29Upcoming dividend of €0.02 per shareEligible shareholders must have bought the stock before 06 October 2025. Payment date: 14 October 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (1.5%).Price Target Changed • Aug 20Price target decreased by 12% to €1.98Down from €2.25, the current price target is an average from 4 analysts. New target price is 20% above last closing price of €1.65. Stock is down 21% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.12 last year.Reported Earnings • Jul 21Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: €0.03 (in line with 2Q 2024). Revenue: €36.9m (up 1.1% from 2Q 2024). Net income: €5.08m (down 6.4% from 2Q 2024). Profit margin: 14% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 16% per year.Price Target Changed • Jul 15Price target decreased by 8.2% to €2.18Down from €2.38, the current price target is an average from 5 analysts. New target price is 31% above last closing price of €1.66. Stock is down 12% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.12 last year.New Risk • Jul 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (315% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Price Target Changed • Jul 10Price target decreased by 7.9% to €2.33Down from €2.53, the current price target is an average from 4 analysts. New target price is 35% above last closing price of €1.72. Stock is down 8.7% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.12 last year.お知らせ • Jul 10F-Secure Corporation Lowers Earnings Guidance for the Full Year 2025F-Secure Corporation lowered earnings guidance for the full year 2025. For the period, the company expects low single-digit currency-neutral revenue growth for 2025 against mid-single digit revenue growth for 2025 as mentioned in previous outlook. From an operational perspective, the adoption of new security services by Tier1 customers has progressed slower than expected. In addition, the closing of new Tier 1 deals, both with existing and new partners, has been delayed due to factors such as organizational changes, shifting priorities, limited resources, and evolving business cases. More than 10% weakening of the U.S. dollar during the first half of the year has a strong impact, resulting in a negative effect of more than EUR 3 million on full-year forecast compared to the level at the beginning of 2025. The revised profitability guidance reflects the revenue decline. While cost control has remained disciplined, F-Secure’s business model limits the ability to fully offset the lower revenue through cost reductions alone. Despite these challenges, F-Secure maintains a strong opportunity pipeline and remains optimistic about future growth.Board Change • May 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Roxana Diaconescu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 16Fredrik Torstensson Joins F-Secure as Chief Partner Business OfficerF-Secure announced the appointment of Fredrik Torstensson as Chief Partner Business Officer. With decades of experience in the cyber security and wireless industry, Torstensson brings a proven track record of driving sustainable growth and forging strategic partnerships. His leadership will play a pivotal role in accelerating F-Secure's go-to-market transformation and strengthening its global service provider business. The appointment also brings valuable insight and energy to F-Secure's global partner strategy, underlining its commitment to strengthening its partner ecosystem and expanding its influence across key sectors. Torstensson brings a history of success in the security and wireless industry, having most recently served as Senior Vice President of Sales at Samsung Electronics America, where he spearheaded impressive market share growth and cultivated key customer relationships with major service providers. His expertise in service offering positioning and extensive relationships in the telecommunications industry uniquely position him to lead F-Secure's partner organization and drive revenue growth. As Chief Partner Business Officer, Torstensson will oversee: Strategic alignment of all sales to Tier 1 service providers under a global leadership. Revenue generation initiatives focused on sustainable growth and long-term value creation. Ensuring F-Secure's security solutions and services meet Tier 1 partner requirements and capitalize on emerging market trends and innovative value propositions.Declared Dividend • Apr 11Dividend of €0.02 announcedShareholders will receive a dividend of €0.02. Ex-date: 6th October 2025 Payment date: 14th October 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Mar 26Upcoming dividend of €0.02 per shareEligible shareholders must have bought the stock before 02 April 2025. Payment date: 10 April 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Finnish dividend payers (5.9%). Higher than average of industry peers (1.8%).New Risk • Feb 28New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.分析記事 • Feb 09Earnings Miss: F-Secure Oyj Missed EPS By 5.7% And Analysts Are Revising Their ForecastsShareholders might have noticed that F-Secure Oyj ( HEL:FSECURE ) filed its annual result this time last week. The...Reported Earnings • Feb 07Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €0.12 (down from €0.13 in FY 2023). Revenue: €146.3m (up 12% from FY 2023). Net income: €21.1m (down 5.8% from FY 2023). Profit margin: 14% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.分析記事 • Nov 04F-Secure Oyj's (HEL:FSECURE) Shareholders Have More To Worry About Than Only Soft EarningsA lackluster earnings announcement from F-Secure Oyj ( HEL:FSECURE ) last week didn't sink the stock price. We think...Reported Earnings • Oct 25Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €0.04 (up from €0.03 in 3Q 2023). Revenue: €36.3m (up 3.5% from 3Q 2023). Net income: €6.71m (up 24% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland.お知らせ • Oct 25F-Secure Oyj, Annual General Meeting, Apr 01, 2025F-Secure Oyj, Annual General Meeting, Apr 01, 2025.お知らせ • Oct 24+ 4 more updatesF-Secure Oyj to Report Nine Months, 2025 Results on Oct 28, 2025F-Secure Oyj announced that they will report nine months, 2025 results on Oct 28, 2025お知らせ • Sep 23F-Secure Oyj(HLSE:FSECURE) dropped from S&P Global BMI IndexF-Secure Oyj(HLSE:FSECURE) dropped from S&P Global BMI IndexUpcoming Dividend • Sep 19Upcoming dividend of €0.035 per shareEligible shareholders must have bought the stock before 26 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (2.6%).お知らせ • Sep 12F-Secure Corporation Appoints Bruno Rodriguez as Chief Revenue OfficerBruno Rodriguez (born 1973, MBA) has been appointed as Chief Revenue Officer (CRO) and a member of the Leadership Team of F-Secure Corporation. In this new role, he will be leading the global sales and revenue strategy of F-Secure from his base of residence in Bilbao, Spain. He will start on 1 October 2024 and report to Timo Laaksonen, President and CEO of F-Secure. Rodriguez brings more than 20 years of experience in various global executive positions in international sales management and business development. He will join F-Secure from Bitdefender, where he has worked in various leadership positions since 2012, and most recently as President & Senior Director of Global Sales, Service Providers. Prior to that, he spent more than five years in various management positions at Panda Security and more than five years at Euskaltel, a telecommunications company in Spain. Following the aforementioned change, the composition of F-Secure Leadership Team is as follows: Timo Laaksonen, President & Chief Executive Officer, Richard Larcombe, Chief Marketing Officer, Nina Lehto, Senior Vice President, Services, Antero Norkio, Senior Vice President, Corporate Development, Bruno Rodriguez, Chief Revenue Officer, Sari Somerkallio, Chief Financial Officer, Kaisa Tikka-Mustonen, Chief People Officer, TL Viswanathan, Chief Product Business Officer, and Toby White, Chief Technology Officer.Reported Earnings • Jul 22Second quarter 2024 earnings: EPS in line with expectations, revenues disappointSecond quarter 2024 results: EPS: €0.03 (down from €0.04 in 2Q 2023). Revenue: €36.5m (up 20% from 2Q 2023). Net income: €5.42m (down 22% from 2Q 2023). Profit margin: 15% (down from 23% in 2Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.分析記事 • Jul 21Are Investors Undervaluing F-Secure Oyj (HEL:FSECURE) By 45%?Key Insights F-Secure Oyj's estimated fair value is €3.82 based on 2 Stage Free Cash Flow to Equity F-Secure Oyj's...お知らせ • Jul 18F-Secure Oyj Reaffirms Earnings Guidance for the Year 2024F-Secure Oyj reaffirmed earnings guidance for the year 2024. The company estimates that revenue for 2024 will be in the range of EUR 142 million to EUR 152 million.お知らせ • Jun 13F-Secure Corporation Announces Executive ChangesF-Secure Corporation announced that Nina Lehto(born 1976, LL.M.) has been appointed as Senior Vice President, Services and a member of the Leadership Team of F-Secure Corporation. She will be based in Helsinki, Finland and report to Timo Laaksonen, President and CEO of F-Secure. Lehto will start in her position on 26 August 2024. Lehto has an extensive background in building and leading service and business organizations in global technology companies. She will join F-Secure from Nokia, where she has worked in various leadership positions since 2018. Most recently, she has served as Head of Charging and Mediation Portfolio and Product Management. Prior to that, she held different management positions in Comptel Corporation. Lehto has versatile experience in technology and partner management, as well as in leading big transformation projects. Following this change, Mikko Kestilä, currently Senior Vice President, Services, will step down from the F-Secure Leadership Team on his own request for personal reasons and will transfer to a new role inside the company during the fourth quarter of 2024. He will continue contributing to F-Secure strategy execution as part of the Extended Leadership Team. In the short term he will be ensuring a smooth onboarding of the new SVP Services as well as the new Chief Revenue Officer.お知らせ • May 08F-Secure Appoints Kaisa Tikka-Mustonen as Chief People OfficerF-Secure has hired Kaisa Tikka-Mustonen as Chief People Officer and as a member of the Leadership Team as of September 2, 2024. She will report to Timo Laaksonen, President and CEO of F-Secure. Tikka-Mustonen has over 15 years of experience in strategic human resources management positions in both scale-ups and large international companies. She has worked in various sectors and her experience covers various industries, from scale-up consulting to high growth digital payments and global technology consulting. Tikka-Mustonen will join F-Secure from Helvar, where she holds the position of Chief People Officer, being responsible for Helvar's culture development and global people practices. Before that, she has held human resources positions at Nordcloud, Nets and Tieto.分析記事 • May 01F-Secure Oyj (HEL:FSECURE) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearInvestors in F-Secure Oyj ( HEL:FSECURE ) had a good week, as its shares rose 6.8% to close at €2.07 following the...Reported Earnings • Apr 30First quarter 2024 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2024 results: EPS: €0.03 (down from €0.04 in 1Q 2023). Revenue: €36.4m (up 31% from 1Q 2023). Net income: €5.53m (down 18% from 1Q 2023). Profit margin: 15% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.お知らせ • Apr 28F-Secure Oyj Reaffirms Earnings Guidance for the Year 2024F-Secure Oyj reaffirmed earnings guidance for the year 2024. The company estimates that revenue for 2024 will be in the range of EUR 142 million to EUR 152 million.分析記事 • Apr 27These 4 Measures Indicate That F-Secure Oyj (HEL:FSECURE) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Apr 03F-Secure Corporation Announces Appointment of Thomas Jul as Member of the Personnel and Nomination CommitteeF-Secure Corporation’s Board of Directors has appointed a new member to the Board of Directors’ Personnel and Nomination Committee, established on 13 March 2024. Thomas Jul, F-Secure Board member since 2022 has been appointed member of the Personnel and Nomination Committee. As of 3 April 2024, the composition of the Personnel and Nomination Committee is as follows: Pertti Ervi, Chair of the Personnel and Nomination Committee, Thomas Jul, member of the Personnel and Nomination Committee, Risto Siilasmaa, member of the Personnel and Nomination Committee.お知らせ • Mar 14+ 1 more updateF-Secure Corporation Approves Dividend for the Financial Year That Ended on 31 December 2023, Payable on 22 March 2024 and 4 October 2024 RespectivelyF-Secure Oyj announced that at its AGM held on 13 March 2024, resolved that based on the balance sheet for the financial year that ended on 31 December 2023, a dividend of EUR 0.07 per share be paid. The dividend will be paid in two instalments as follows: The first dividend instalment of EUR 0.035 per share will be paid to shareholders who are registered in the Company's shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the first dividend instalment on 15 March 2024. The first dividend instalment will be paid on 22 March 2024. The second dividend instalment of EUR 0.035 per share will be paid to shareholders who are registered in the Company’s shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the second dividend instalment on 27 September 2024. The second dividend instalment will be paid on 4 October 2024.Upcoming Dividend • Mar 07Upcoming dividend of €0.035 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 22 March 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Finnish dividend payers (5.7%). Higher than average of industry peers (3.1%).New Risk • Feb 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).Reported Earnings • Feb 21Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €0.13 (down from €0.17 in FY 2022). Revenue: €130.4m (up 17% from FY 2022). Net income: €22.4m (down 26% from FY 2022). Profit margin: 17% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.Declared Dividend • Feb 19Dividend of €0.035 announcedShareholders will receive a dividend of €0.035. Ex-date: 14th March 2024 Payment date: 22nd March 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (64% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 16F-Secure Corporation Proposes Dividend, Payable on 22 March 2024 and 4 October 2024 RespectivelyF-Secure Corporation of the Annual General Meeting to be held on 13 March 2024 announced that its Board of Directors proposes to the Annual General Meeting that based on the balance sheet for the financial year ended on 31 December 2023, a dividend of EUR 0.07 per share be paid. The dividend would be paid in two instalments as follows: The first dividend instalment of EUR 0.035 per share would be paid to shareholders who are registered in the Company's shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the first dividend instalment on 15 March 2024. The Board of Directors proposes to the Annual General Meeting that the first dividend instalment be paid on 22 March 2024. The second dividend instalment of EUR 0.035 per share would be paid to shareholders who are registered in the Company’s shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the second dividend instalment on 27 September 2024. The Board of Directors proposes that the second dividend instalment be paid on 4 October 2024.お知らせ • Feb 10F-Secure Oyj Announces Resignation of Kitta Virtavuo as Chief People OfficerF-Secure Oyj announced that Kitta Virtavuo, Chief People Officer and a member of F-Secure Leadership Team, has decided to leave F-Secure to pursue other career opportunities outside the company. Virtavuo will continue in her current role until April 2024, ensuring smooth handover of her duties. Following the aforementioned change in April, the members of the Leadership Team are: Timo Laaksonen, President & Chief Executive Officer, Firas Azmeh, Chief Revenue Officer, Mikko Kestilä, Senior Vice President, Services, Richard Larcombe, Chief Marketing Officer, Antero Norkio Senior, Vice President, Corporate Development, Sari Somerkallio, Chief Financial Officer,TL Viswanathan, Chief Product Business Officer, Toby White, Chief Technology Officer. F-Secure will commence the recruitment process for Virtavuo’s successor immediately.お知らせ • Dec 13F-Secure Oyj Announces Changes in the Leadership Team of F-Secure CorporationF-Secure has reorganized its global operating model and personnel to align with the strategic priorities and financial targets of the company. As a result of that process, the following Leadership Team appointments will be made as of 1 January 2024: Mikko Kestilä (born 1967, M.S. in electrical engineering), has been appointed Senior Vice President, Services and member of the F-Secure Leadership Team. He will report to Timo Laaksonen, President and CEO of F-Secure Corporation. Kestilä has been working at F-Secure since 2016, and most recently he has held the position of Vice President, Delivery and Success Services within the Commercial organization. Kestilä is based in Helsinki, Finland. Firas Azmeh (born 1969, MBA), currently Chief Commercial Officer will assume a new position as Chief Revenue Officer while continuing as a member of the Leadership Team. Azmeh joined F-Secure in June 2023 following the acquisition of Lookout Life. He will continue to report to the President and CEO Timo Laaksonen. Azmeh is based in San Francisco, CA.Following the aforementioned changes, the members of the Leadership Team are: Timo Laaksonen, President & Chief Executive Officer, Sari Somerkallio, Chief Financial Officer, TL Viswanathan, Chief Product Business Officer, Toby White, Chief Technology Officer, Firas Azmeh, Chief Revenue Officer, Richard Larcombe, Chief Marketing Officer, Kitta Virtavuo, Chief People Officer, Mikko Kestilä, Senior Vice President, Services, Antero Norkio, Senior Vice President, Corporate Development.お知らせ • Oct 25+ 4 more updatesF-Secure Oyj to Report Q1, 2024 Results on Apr 26, 2024F-Secure Oyj announced that they will report Q1, 2024 results on Apr 26, 2024Price Target Changed • Oct 25Price target decreased by 8.4% to €2.45Down from €2.68, the current price target is an average from 4 analysts. New target price is 45% above last closing price of €1.69. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.17 last year.Price Target Changed • Oct 12Price target decreased by 11% to €2.50Down from €2.80, the current price target is an average from 4 analysts. New target price is 44% above last closing price of €1.74. Stock is down 31% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.17 last year.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €1.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Software industry in Finland. Total loss to shareholders of 23% over the past year.Price Target Changed • Aug 10Price target decreased by 11% to €3.05Down from €3.43, the current price target is an average from 4 analysts. New target price is 39% above last closing price of €2.20. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.17 last year.Price Target Changed • Jul 21Price target decreased by 8.5% to €3.23Down from €3.53, the current price target is an average from 3 analysts. New target price is 45% above last closing price of €2.24. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.17 last year.Reported Earnings • Jul 20Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: €0.04 (down from €0.05 in 2Q 2022). Revenue: €30.5m (up 12% from 2Q 2022). Net income: €6.98m (down 25% from 2Q 2022). Profit margin: 23% (down from 34% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 140%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland.Major Estimate Revision • Jun 03Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €125.5m to €135.9m. EPS estimate fell from €0.17 to €0.135 per share. Net income forecast to grow 1.2% next year vs 18% growth forecast for Software industry in Finland. Consensus price target down from €3.53 to €3.18. Share price fell 10% to €2.50 over the past week.お知らせ • Jun 03F-Secure Oyj (HLSE:FSECURE) acquired Lookout Life from Lookout, Inc.F-Secure Oyj (HLSE:FSECURE) entered into an agreement to acquire Lookout Life from Lookout, Inc. for approximately €200 million on April 26, 2023. The acquisition will be financed with debt for which a new facilities agreement has been entered into with Danske Bank A/S and OP Corporate Bank plc worth €202 million. The business reported the revenue of €35.9 million, EBITDA of €13.5 million and EBITA of €13.5 million for the period ended January 31, 2023. The transaction is expected to close by the end of June 2023. Carnegie Investment Bank AB, Finland Branch acted as financial advisor to F-Secure. White & Case LLP acted as legal advisor to F-Secure. PricewaterhouseCoopers LLP acted as financial, tax and HR due diligence adviser to F-Secure. Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisor to Lookout. Jefferies LLC acted as financial advisor to Lookout. F-Secure Oyj (HLSE:FSECURE) acquired Lookout Life from Lookout, Inc. on June 1, 2023.お知らせ • Jun 01F-Secure Oyj Provides Earnings Outlook for the Year 2023F-Secure Oyj provided earnings outlook for the year 2023. For the period, the company expects revenue to exceed EUR 134 million.Buying Opportunity • Apr 27Now 20% undervaluedOver the last 90 days, the stock is up 5.1%. The fair value is estimated to be €3.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last year. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is also forecast to grow by 8.9% per annum over the same time period.Reported Earnings • Feb 22Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: €0.17 (down from €0.20 in FY 2021). Revenue: €111.0m (up 4.5% from FY 2021). Net income: €30.2m (down 12% from FY 2021). Profit margin: 27% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland.お知らせ • Feb 18+ 1 more updateF-Secure Corporation Proposes DividendThe Board of Directors of F-Secure Corporation proposed to the Annual General Meeting that a dividend of EUR 0.07 per share be paid.Buying Opportunity • Jan 30Now 22% undervaluedOver the last 90 days, the stock is up 6.9%. The fair value is estimated to be €3.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.2% per annum. Earnings is forecast to grow by 16% per annum over the same time period.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Risto Siilasmaa was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to €2.86, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Software industry in Finland. Simply Wall St's valuation model estimates the intrinsic value at €4.82 per share.お知らせ • Oct 29+ 3 more updatesF-Secure Oyj to Report Nine Months, 2023 Results on Oct 25, 2023F-Secure Oyj announced that they will report nine months, 2023 results on Oct 25, 2023Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 19% share price gain to €2.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Software industry in Finland. Simply Wall St's valuation model estimates the intrinsic value at €4.60 per share.財務状況分析短期負債: FSECUREの 短期資産 ( €54.5M ) は 短期負債 ( €78.8M ) をカバーしていません。長期負債: FSECUREの短期資産 ( €54.5M ) は 長期負債 ( €136.3M ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: FSECUREの 純負債対資本比率 ( 256.6% ) は 高い と見なされます。負債の削減: FSECUREの負債対資本比率は、過去 5 年間で35.2%から282.4%に増加しました。債務返済能力: FSECUREの負債は 営業キャッシュフロー によって 十分にカバー されています ( 27.7% )。インタレストカバレッジ: FSECUREの負債に対する 利息支払い は EBIT ( 5.2 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/12 17:27終値2026/06/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋F-Secure Oyj 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Waltteri RossiDanske BankMatti RiikonenDNB CarnegieMarianne PalmuInderes Oy2 その他のアナリストを表示
分析記事 • Apr 27These 4 Measures Indicate That F-Secure Oyj (HEL:FSECURE) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • May 26F-Secure and Ntt Docomo Launch New Anshin Security Plans with Scam Protection Features in JapanF-Secure announced the expansion of its partnership with NTT DOCOMO, INC. with the launch of two new security plans that bring stronger scam protection to DOCOMO customers. The new "Anshin Security Standard Plan - Scam Protection Plus" and "Anshin Security Total Plan - Scam Protection Plus" will be available later this month. The new plans include F-Secure's scam protection features, such as scam checking and fake image detection. According to new research from F-Secure, more than 56% of all consumers are targeted by scammers each month, and financial scam losses have doubled in the last year alone.
お知らせ • May 22F-Secure Announces F-Secure Trust to Redefine Consumer Protection in the Agentic AI EraF-Secure set out its vision for trust as the defining commercial opportunity of the agentic AI era, announcing F-Secure Trust alongside its strategic alliance with Quantum AI Lab Qutwo. F-Secure Trust introduces a new generation of protection capabilities designed for a world in which AI agents act on consumers' behalf — establishing trusted digital experiences as the defining standard for consumer security in the agentic era. F-Secure's response is built on two fundamental shifts: from protection to resilience, and from security to trust. F-Secure Trust provides continuous protection across entire digital flows — from first search to final delivery, across every device and step, whether driven by the consumer or their AI agent. Under F-Secure Trust, two standout capabilities are in development: F-Secure TrustPath: a first-of-its-kind approach that secures entire digital lifestyle flows end-to-end — mapping every touchpoint from discovery to delivery under a single trusted experience. F-Secure TrustGuard: a protection layer around AI interactions, helping consumers engage confidently in an AI-mediated environment. F-Secure Trust capabilities are expected to enter beta phase in Fourth Quarter 2026 and production phase in First Quarter 2027. F-Secure's research shows that 93% of consumers think it is important their digital service provider offers protection, and 82% say security influences their choice of provider. F-Secure Trust is building the capability to serve them directly as well. F-Secure's position in the trust economy is grounded in a record that cannot be manufactured at speed: 38 years of protecting consumers, partnerships with over 200 organizations globally, and a direct-to-consumer presence. F-Secure Trust extends that expertise across every route to market.
Reported Earnings • May 05First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: EPS: €0.02 (down from €0.03 in 1Q 2025). Revenue: €36.3m (down 2.1% from 1Q 2025). Net income: €3.36m (down 43% from 1Q 2025). Profit margin: 9.3% (down from 16% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 14% per year.
Declared Dividend • Apr 09Dividend of €0.02 announcedShareholders will receive a dividend of €0.02. Ex-date: 29th September 2026 Payment date: 7th October 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 26+ 1 more updateF-Secure Corporation Approves Dividend for the Year Ended 31 December 2025, Payable in Two Instalments on 8 April 2026 and 7 October 2026F-Secure Corporation at its Annual General Meeting held on 25 March 2026 resolved that based on the balance sheet for the financial year that ended on 31 December 2025, a dividend of EUR 0.04 per share be paid. The dividend will be paid in two instalments as follows: The first dividend instalment of EUR 0.02 per share will be paid to shareholders who are registered in the Company's shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the first dividend instalment on 30 March 2026. The first dividend instalment will be paid on 8 April 2026. The second dividend instalment of EUR 0.02 per share will be paid to shareholders who are registered in the Company’s shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the second dividend instalment on 30 September 2026. The second dividend instalment will be paid on 7 October 2026.
Upcoming Dividend • Mar 20Upcoming dividend of €0.02 per shareEligible shareholders must have bought the stock before 27 March 2026. Payment date: 08 April 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Finnish dividend payers (5.4%). Higher than average of industry peers (1.1%).
Declared Dividend • Mar 02Final dividend of €0.02 announcedDividend of €0.02 is the same as last year. Ex-date: 31st March 2026 Payment date: 8th April 2026 Dividend yield will be 2.5%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 20F-Secure Oyj to Report Fiscal Year 2025 Final Results between Feb 23, 2026 and Feb 27, 2026F-Secure Oyj announced that they will report fiscal year 2025 final results on between Feb 23, 2026 and Feb 27, 2026
Reported Earnings • Feb 08Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €0.13 (up from €0.12 in FY 2024). Revenue: €145.7m (flat on FY 2024). Net income: €22.4m (up 6.2% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
お知らせ • Jan 22F-Secure Oyj to Report Fiscal Year 2025 Results on Feb 05, 2026F-Secure Oyj announced that they will report fiscal year 2025 results at 8:00 AM, E. Europe Standard Time on Feb 05, 2026
お知らせ • Jan 14F-Secure Corporation Announces Executive ChangesF-Secure Corporation's SVP, Corporate Development and a member of the Leadership Team, Antero Norkio, has decided to leave the Company to pursue new opportunities. He will continue in the company until January 30, 2026. Jyrki Tulokas (born 1975) has been appointed as Chief Strategy Officer (CSO) and a member of the Leadership Team of F-Secure Corporation. He will start in this position as of February 2, 2026. Jyrki has over 25 years of experience bridging complex technology and commercial growth. He has held diverse leadership roles as Chief Strategy Officer, Chief Technology Officer, Chief Digital Officer, as well as various product leadership positions across B2B SaaS, B2B2C SaaS, consumer electronics, and high-volume retail. Most recently, Jyrki has served as Chief Strategy Officer and Chief Technology Officer at Verkkokauppa.com since 2021, guiding strategic direction and leading the company’s technology development including AI, automation, cybersecurity, and digital transformation for one of the Nordic region's largest e-commerce companies. Before joining Verkkokauppa.com, Jyrki spent over two decades in F-Secure, where he held several senior leadership roles including Chief Strategy Officer, Executive Vice President of Cyber Security Products and Consulting, and Executive Vice President and Chief Technology Officer. At F-Secure, he will report to F-Secure President & CEO Timo Laaksonen and will be based at the company headquarters in Helsinki.
New Risk • Dec 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (284% net debt to equity). Share price has been volatile over the past 3 months (5.6% average weekly change).
お知らせ • Dec 06+ 3 more updatesF-Secure Oyj to Report Fiscal Year 2025 Results on Feb 05, 2026F-Secure Oyj announced that they will report fiscal year 2025 results at 10:00 AM, USSR Zone1 on Feb 05, 2026
お知らせ • Nov 21F-Secure Oyj, Annual General Meeting, Mar 25, 2026F-Secure Oyj, Annual General Meeting, Mar 25, 2026.
分析記事 • Oct 31Results: F-Secure Oyj Beat Earnings Expectations And Analysts Now Have New ForecastsIt's been a good week for F-Secure Oyj ( HEL:FSECURE ) shareholders, because the company has just released its latest...
Reported Earnings • Oct 30Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: €0.04 (in line with 3Q 2024). Revenue: €36.1m (flat on 3Q 2024). Net income: €6.22m (down 7.3% from 3Q 2024). Profit margin: 17% (down from 19% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year.
Upcoming Dividend • Sep 29Upcoming dividend of €0.02 per shareEligible shareholders must have bought the stock before 06 October 2025. Payment date: 14 October 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (1.5%).
Price Target Changed • Aug 20Price target decreased by 12% to €1.98Down from €2.25, the current price target is an average from 4 analysts. New target price is 20% above last closing price of €1.65. Stock is down 21% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.12 last year.
Reported Earnings • Jul 21Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: €0.03 (in line with 2Q 2024). Revenue: €36.9m (up 1.1% from 2Q 2024). Net income: €5.08m (down 6.4% from 2Q 2024). Profit margin: 14% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 16% per year.
Price Target Changed • Jul 15Price target decreased by 8.2% to €2.18Down from €2.38, the current price target is an average from 5 analysts. New target price is 31% above last closing price of €1.66. Stock is down 12% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.12 last year.
New Risk • Jul 11New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (315% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Price Target Changed • Jul 10Price target decreased by 7.9% to €2.33Down from €2.53, the current price target is an average from 4 analysts. New target price is 35% above last closing price of €1.72. Stock is down 8.7% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.12 last year.
お知らせ • Jul 10F-Secure Corporation Lowers Earnings Guidance for the Full Year 2025F-Secure Corporation lowered earnings guidance for the full year 2025. For the period, the company expects low single-digit currency-neutral revenue growth for 2025 against mid-single digit revenue growth for 2025 as mentioned in previous outlook. From an operational perspective, the adoption of new security services by Tier1 customers has progressed slower than expected. In addition, the closing of new Tier 1 deals, both with existing and new partners, has been delayed due to factors such as organizational changes, shifting priorities, limited resources, and evolving business cases. More than 10% weakening of the U.S. dollar during the first half of the year has a strong impact, resulting in a negative effect of more than EUR 3 million on full-year forecast compared to the level at the beginning of 2025. The revised profitability guidance reflects the revenue decline. While cost control has remained disciplined, F-Secure’s business model limits the ability to fully offset the lower revenue through cost reductions alone. Despite these challenges, F-Secure maintains a strong opportunity pipeline and remains optimistic about future growth.
Board Change • May 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Roxana Diaconescu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 16Fredrik Torstensson Joins F-Secure as Chief Partner Business OfficerF-Secure announced the appointment of Fredrik Torstensson as Chief Partner Business Officer. With decades of experience in the cyber security and wireless industry, Torstensson brings a proven track record of driving sustainable growth and forging strategic partnerships. His leadership will play a pivotal role in accelerating F-Secure's go-to-market transformation and strengthening its global service provider business. The appointment also brings valuable insight and energy to F-Secure's global partner strategy, underlining its commitment to strengthening its partner ecosystem and expanding its influence across key sectors. Torstensson brings a history of success in the security and wireless industry, having most recently served as Senior Vice President of Sales at Samsung Electronics America, where he spearheaded impressive market share growth and cultivated key customer relationships with major service providers. His expertise in service offering positioning and extensive relationships in the telecommunications industry uniquely position him to lead F-Secure's partner organization and drive revenue growth. As Chief Partner Business Officer, Torstensson will oversee: Strategic alignment of all sales to Tier 1 service providers under a global leadership. Revenue generation initiatives focused on sustainable growth and long-term value creation. Ensuring F-Secure's security solutions and services meet Tier 1 partner requirements and capitalize on emerging market trends and innovative value propositions.
Declared Dividend • Apr 11Dividend of €0.02 announcedShareholders will receive a dividend of €0.02. Ex-date: 6th October 2025 Payment date: 14th October 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Mar 26Upcoming dividend of €0.02 per shareEligible shareholders must have bought the stock before 02 April 2025. Payment date: 10 April 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Finnish dividend payers (5.9%). Higher than average of industry peers (1.8%).
New Risk • Feb 28New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
分析記事 • Feb 09Earnings Miss: F-Secure Oyj Missed EPS By 5.7% And Analysts Are Revising Their ForecastsShareholders might have noticed that F-Secure Oyj ( HEL:FSECURE ) filed its annual result this time last week. The...
Reported Earnings • Feb 07Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €0.12 (down from €0.13 in FY 2023). Revenue: €146.3m (up 12% from FY 2023). Net income: €21.1m (down 5.8% from FY 2023). Profit margin: 14% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.
分析記事 • Nov 04F-Secure Oyj's (HEL:FSECURE) Shareholders Have More To Worry About Than Only Soft EarningsA lackluster earnings announcement from F-Secure Oyj ( HEL:FSECURE ) last week didn't sink the stock price. We think...
Reported Earnings • Oct 25Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €0.04 (up from €0.03 in 3Q 2023). Revenue: €36.3m (up 3.5% from 3Q 2023). Net income: €6.71m (up 24% from 3Q 2023). Profit margin: 19% (up from 15% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland.
お知らせ • Oct 25F-Secure Oyj, Annual General Meeting, Apr 01, 2025F-Secure Oyj, Annual General Meeting, Apr 01, 2025.
お知らせ • Oct 24+ 4 more updatesF-Secure Oyj to Report Nine Months, 2025 Results on Oct 28, 2025F-Secure Oyj announced that they will report nine months, 2025 results on Oct 28, 2025
お知らせ • Sep 23F-Secure Oyj(HLSE:FSECURE) dropped from S&P Global BMI IndexF-Secure Oyj(HLSE:FSECURE) dropped from S&P Global BMI Index
Upcoming Dividend • Sep 19Upcoming dividend of €0.035 per shareEligible shareholders must have bought the stock before 26 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (2.6%).
お知らせ • Sep 12F-Secure Corporation Appoints Bruno Rodriguez as Chief Revenue OfficerBruno Rodriguez (born 1973, MBA) has been appointed as Chief Revenue Officer (CRO) and a member of the Leadership Team of F-Secure Corporation. In this new role, he will be leading the global sales and revenue strategy of F-Secure from his base of residence in Bilbao, Spain. He will start on 1 October 2024 and report to Timo Laaksonen, President and CEO of F-Secure. Rodriguez brings more than 20 years of experience in various global executive positions in international sales management and business development. He will join F-Secure from Bitdefender, where he has worked in various leadership positions since 2012, and most recently as President & Senior Director of Global Sales, Service Providers. Prior to that, he spent more than five years in various management positions at Panda Security and more than five years at Euskaltel, a telecommunications company in Spain. Following the aforementioned change, the composition of F-Secure Leadership Team is as follows: Timo Laaksonen, President & Chief Executive Officer, Richard Larcombe, Chief Marketing Officer, Nina Lehto, Senior Vice President, Services, Antero Norkio, Senior Vice President, Corporate Development, Bruno Rodriguez, Chief Revenue Officer, Sari Somerkallio, Chief Financial Officer, Kaisa Tikka-Mustonen, Chief People Officer, TL Viswanathan, Chief Product Business Officer, and Toby White, Chief Technology Officer.
Reported Earnings • Jul 22Second quarter 2024 earnings: EPS in line with expectations, revenues disappointSecond quarter 2024 results: EPS: €0.03 (down from €0.04 in 2Q 2023). Revenue: €36.5m (up 20% from 2Q 2023). Net income: €5.42m (down 22% from 2Q 2023). Profit margin: 15% (down from 23% in 2Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.
分析記事 • Jul 21Are Investors Undervaluing F-Secure Oyj (HEL:FSECURE) By 45%?Key Insights F-Secure Oyj's estimated fair value is €3.82 based on 2 Stage Free Cash Flow to Equity F-Secure Oyj's...
お知らせ • Jul 18F-Secure Oyj Reaffirms Earnings Guidance for the Year 2024F-Secure Oyj reaffirmed earnings guidance for the year 2024. The company estimates that revenue for 2024 will be in the range of EUR 142 million to EUR 152 million.
お知らせ • Jun 13F-Secure Corporation Announces Executive ChangesF-Secure Corporation announced that Nina Lehto(born 1976, LL.M.) has been appointed as Senior Vice President, Services and a member of the Leadership Team of F-Secure Corporation. She will be based in Helsinki, Finland and report to Timo Laaksonen, President and CEO of F-Secure. Lehto will start in her position on 26 August 2024. Lehto has an extensive background in building and leading service and business organizations in global technology companies. She will join F-Secure from Nokia, where she has worked in various leadership positions since 2018. Most recently, she has served as Head of Charging and Mediation Portfolio and Product Management. Prior to that, she held different management positions in Comptel Corporation. Lehto has versatile experience in technology and partner management, as well as in leading big transformation projects. Following this change, Mikko Kestilä, currently Senior Vice President, Services, will step down from the F-Secure Leadership Team on his own request for personal reasons and will transfer to a new role inside the company during the fourth quarter of 2024. He will continue contributing to F-Secure strategy execution as part of the Extended Leadership Team. In the short term he will be ensuring a smooth onboarding of the new SVP Services as well as the new Chief Revenue Officer.
お知らせ • May 08F-Secure Appoints Kaisa Tikka-Mustonen as Chief People OfficerF-Secure has hired Kaisa Tikka-Mustonen as Chief People Officer and as a member of the Leadership Team as of September 2, 2024. She will report to Timo Laaksonen, President and CEO of F-Secure. Tikka-Mustonen has over 15 years of experience in strategic human resources management positions in both scale-ups and large international companies. She has worked in various sectors and her experience covers various industries, from scale-up consulting to high growth digital payments and global technology consulting. Tikka-Mustonen will join F-Secure from Helvar, where she holds the position of Chief People Officer, being responsible for Helvar's culture development and global people practices. Before that, she has held human resources positions at Nordcloud, Nets and Tieto.
分析記事 • May 01F-Secure Oyj (HEL:FSECURE) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearInvestors in F-Secure Oyj ( HEL:FSECURE ) had a good week, as its shares rose 6.8% to close at €2.07 following the...
Reported Earnings • Apr 30First quarter 2024 earnings: Revenues and EPS in line with analyst expectationsFirst quarter 2024 results: EPS: €0.03 (down from €0.04 in 1Q 2023). Revenue: €36.4m (up 31% from 1Q 2023). Net income: €5.53m (down 18% from 1Q 2023). Profit margin: 15% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.
お知らせ • Apr 28F-Secure Oyj Reaffirms Earnings Guidance for the Year 2024F-Secure Oyj reaffirmed earnings guidance for the year 2024. The company estimates that revenue for 2024 will be in the range of EUR 142 million to EUR 152 million.
分析記事 • Apr 27These 4 Measures Indicate That F-Secure Oyj (HEL:FSECURE) Is Using Debt ExtensivelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Apr 03F-Secure Corporation Announces Appointment of Thomas Jul as Member of the Personnel and Nomination CommitteeF-Secure Corporation’s Board of Directors has appointed a new member to the Board of Directors’ Personnel and Nomination Committee, established on 13 March 2024. Thomas Jul, F-Secure Board member since 2022 has been appointed member of the Personnel and Nomination Committee. As of 3 April 2024, the composition of the Personnel and Nomination Committee is as follows: Pertti Ervi, Chair of the Personnel and Nomination Committee, Thomas Jul, member of the Personnel and Nomination Committee, Risto Siilasmaa, member of the Personnel and Nomination Committee.
お知らせ • Mar 14+ 1 more updateF-Secure Corporation Approves Dividend for the Financial Year That Ended on 31 December 2023, Payable on 22 March 2024 and 4 October 2024 RespectivelyF-Secure Oyj announced that at its AGM held on 13 March 2024, resolved that based on the balance sheet for the financial year that ended on 31 December 2023, a dividend of EUR 0.07 per share be paid. The dividend will be paid in two instalments as follows: The first dividend instalment of EUR 0.035 per share will be paid to shareholders who are registered in the Company's shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the first dividend instalment on 15 March 2024. The first dividend instalment will be paid on 22 March 2024. The second dividend instalment of EUR 0.035 per share will be paid to shareholders who are registered in the Company’s shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the second dividend instalment on 27 September 2024. The second dividend instalment will be paid on 4 October 2024.
Upcoming Dividend • Mar 07Upcoming dividend of €0.035 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 22 March 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Finnish dividend payers (5.7%). Higher than average of industry peers (3.1%).
New Risk • Feb 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).
Reported Earnings • Feb 21Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: €0.13 (down from €0.17 in FY 2022). Revenue: €130.4m (up 17% from FY 2022). Net income: €22.4m (down 26% from FY 2022). Profit margin: 17% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.
Declared Dividend • Feb 19Dividend of €0.035 announcedShareholders will receive a dividend of €0.035. Ex-date: 14th March 2024 Payment date: 22nd March 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (64% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 16F-Secure Corporation Proposes Dividend, Payable on 22 March 2024 and 4 October 2024 RespectivelyF-Secure Corporation of the Annual General Meeting to be held on 13 March 2024 announced that its Board of Directors proposes to the Annual General Meeting that based on the balance sheet for the financial year ended on 31 December 2023, a dividend of EUR 0.07 per share be paid. The dividend would be paid in two instalments as follows: The first dividend instalment of EUR 0.035 per share would be paid to shareholders who are registered in the Company's shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the first dividend instalment on 15 March 2024. The Board of Directors proposes to the Annual General Meeting that the first dividend instalment be paid on 22 March 2024. The second dividend instalment of EUR 0.035 per share would be paid to shareholders who are registered in the Company’s shareholders’ register, maintained by Euroclear Finland Oy, on the record date of the second dividend instalment on 27 September 2024. The Board of Directors proposes that the second dividend instalment be paid on 4 October 2024.
お知らせ • Feb 10F-Secure Oyj Announces Resignation of Kitta Virtavuo as Chief People OfficerF-Secure Oyj announced that Kitta Virtavuo, Chief People Officer and a member of F-Secure Leadership Team, has decided to leave F-Secure to pursue other career opportunities outside the company. Virtavuo will continue in her current role until April 2024, ensuring smooth handover of her duties. Following the aforementioned change in April, the members of the Leadership Team are: Timo Laaksonen, President & Chief Executive Officer, Firas Azmeh, Chief Revenue Officer, Mikko Kestilä, Senior Vice President, Services, Richard Larcombe, Chief Marketing Officer, Antero Norkio Senior, Vice President, Corporate Development, Sari Somerkallio, Chief Financial Officer,TL Viswanathan, Chief Product Business Officer, Toby White, Chief Technology Officer. F-Secure will commence the recruitment process for Virtavuo’s successor immediately.
お知らせ • Dec 13F-Secure Oyj Announces Changes in the Leadership Team of F-Secure CorporationF-Secure has reorganized its global operating model and personnel to align with the strategic priorities and financial targets of the company. As a result of that process, the following Leadership Team appointments will be made as of 1 January 2024: Mikko Kestilä (born 1967, M.S. in electrical engineering), has been appointed Senior Vice President, Services and member of the F-Secure Leadership Team. He will report to Timo Laaksonen, President and CEO of F-Secure Corporation. Kestilä has been working at F-Secure since 2016, and most recently he has held the position of Vice President, Delivery and Success Services within the Commercial organization. Kestilä is based in Helsinki, Finland. Firas Azmeh (born 1969, MBA), currently Chief Commercial Officer will assume a new position as Chief Revenue Officer while continuing as a member of the Leadership Team. Azmeh joined F-Secure in June 2023 following the acquisition of Lookout Life. He will continue to report to the President and CEO Timo Laaksonen. Azmeh is based in San Francisco, CA.Following the aforementioned changes, the members of the Leadership Team are: Timo Laaksonen, President & Chief Executive Officer, Sari Somerkallio, Chief Financial Officer, TL Viswanathan, Chief Product Business Officer, Toby White, Chief Technology Officer, Firas Azmeh, Chief Revenue Officer, Richard Larcombe, Chief Marketing Officer, Kitta Virtavuo, Chief People Officer, Mikko Kestilä, Senior Vice President, Services, Antero Norkio, Senior Vice President, Corporate Development.
お知らせ • Oct 25+ 4 more updatesF-Secure Oyj to Report Q1, 2024 Results on Apr 26, 2024F-Secure Oyj announced that they will report Q1, 2024 results on Apr 26, 2024
Price Target Changed • Oct 25Price target decreased by 8.4% to €2.45Down from €2.68, the current price target is an average from 4 analysts. New target price is 45% above last closing price of €1.69. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.17 last year.
Price Target Changed • Oct 12Price target decreased by 11% to €2.50Down from €2.80, the current price target is an average from 4 analysts. New target price is 44% above last closing price of €1.74. Stock is down 31% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.17 last year.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €1.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Software industry in Finland. Total loss to shareholders of 23% over the past year.
Price Target Changed • Aug 10Price target decreased by 11% to €3.05Down from €3.43, the current price target is an average from 4 analysts. New target price is 39% above last closing price of €2.20. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.17 last year.
Price Target Changed • Jul 21Price target decreased by 8.5% to €3.23Down from €3.53, the current price target is an average from 3 analysts. New target price is 45% above last closing price of €2.24. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.17 last year.
Reported Earnings • Jul 20Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: €0.04 (down from €0.05 in 2Q 2022). Revenue: €30.5m (up 12% from 2Q 2022). Net income: €6.98m (down 25% from 2Q 2022). Profit margin: 23% (down from 34% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 140%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland.
Major Estimate Revision • Jun 03Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €125.5m to €135.9m. EPS estimate fell from €0.17 to €0.135 per share. Net income forecast to grow 1.2% next year vs 18% growth forecast for Software industry in Finland. Consensus price target down from €3.53 to €3.18. Share price fell 10% to €2.50 over the past week.
お知らせ • Jun 03F-Secure Oyj (HLSE:FSECURE) acquired Lookout Life from Lookout, Inc.F-Secure Oyj (HLSE:FSECURE) entered into an agreement to acquire Lookout Life from Lookout, Inc. for approximately €200 million on April 26, 2023. The acquisition will be financed with debt for which a new facilities agreement has been entered into with Danske Bank A/S and OP Corporate Bank plc worth €202 million. The business reported the revenue of €35.9 million, EBITDA of €13.5 million and EBITA of €13.5 million for the period ended January 31, 2023. The transaction is expected to close by the end of June 2023. Carnegie Investment Bank AB, Finland Branch acted as financial advisor to F-Secure. White & Case LLP acted as legal advisor to F-Secure. PricewaterhouseCoopers LLP acted as financial, tax and HR due diligence adviser to F-Secure. Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisor to Lookout. Jefferies LLC acted as financial advisor to Lookout. F-Secure Oyj (HLSE:FSECURE) acquired Lookout Life from Lookout, Inc. on June 1, 2023.
お知らせ • Jun 01F-Secure Oyj Provides Earnings Outlook for the Year 2023F-Secure Oyj provided earnings outlook for the year 2023. For the period, the company expects revenue to exceed EUR 134 million.
Buying Opportunity • Apr 27Now 20% undervaluedOver the last 90 days, the stock is up 5.1%. The fair value is estimated to be €3.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last year. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is also forecast to grow by 8.9% per annum over the same time period.
Reported Earnings • Feb 22Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: €0.17 (down from €0.20 in FY 2021). Revenue: €111.0m (up 4.5% from FY 2021). Net income: €30.2m (down 12% from FY 2021). Profit margin: 27% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Finland.
お知らせ • Feb 18+ 1 more updateF-Secure Corporation Proposes DividendThe Board of Directors of F-Secure Corporation proposed to the Annual General Meeting that a dividend of EUR 0.07 per share be paid.
Buying Opportunity • Jan 30Now 22% undervaluedOver the last 90 days, the stock is up 6.9%. The fair value is estimated to be €3.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.2% per annum. Earnings is forecast to grow by 16% per annum over the same time period.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Risto Siilasmaa was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to €2.86, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Software industry in Finland. Simply Wall St's valuation model estimates the intrinsic value at €4.82 per share.
お知らせ • Oct 29+ 3 more updatesF-Secure Oyj to Report Nine Months, 2023 Results on Oct 25, 2023F-Secure Oyj announced that they will report nine months, 2023 results on Oct 25, 2023
Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 19% share price gain to €2.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Software industry in Finland. Simply Wall St's valuation model estimates the intrinsic value at €4.60 per share.