View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsWithSecure Oyj 将来の成長Future 基準チェック /46WithSecure Oyjは、75%と5.6%でそれぞれ年率75%で利益と収益が成長すると予測される一方、EPSはgrowで74.9%年率。主要情報75.0%収益成長率74.86%EPS成長率Software 収益成長15.2%収益成長率5.6%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日14 Jan 2026今後の成長に関する最新情報お知らせ • Oct 24+ 5 more updatesF-Secure Revises Earnings Guidance for 2024F-Secure revised earnings guidance for 2024. F-Secure estimates that revenue for 2024 will be in the range of EUR 144 million –147 million (previously EUR 142 million –152 million).お知らせ • Oct 11WithSecure Corporation Revises Group Revenue Guidance for the Year 2024WithSecure Corporation revised group revenue guidance for the year 2024. For the year, the company's total group revenue growth outlook is expected to be 2% to 5% from previous year (previous outlook: 6% to 12%). Previous year revenue of the group was EUR 142.8 million. Growth in the key European markets continued. However, the growth in the DACH region slowed down in the third quarter of 2024. In the markets outside of European Union and Japan, especially in the United Kingdom and the United States, revenue growth did not meet the expectations. Elements Cloud ARR and revenue have been impacted by higher than anticipated churn of some large customers in the Managed Services, not fully compensated by acquisition of new business. In addition, the cyber security consulting business has not fully met its performance targets in the first and third quarter of 2024. The revenue gaps caused by these reasons are not fully recoverable in the last quarter of 2024.お知らせ • Jul 16WithSecure Oyj Reaffirms Revenue Guidance for the Year 2024WithSecure Oyj reaffirmed revenue guidance for the year 2024. For the year, Total revenue of the group will grow by 6% to 12% from previous year. Previous year revenue of the group was EUR 142.8 million.お知らせ • Apr 24WithSecure Oyj Provides Revenue Guidance for the Year 2024WithSecure Oyj provided revenue guidance for the year 2024. For the year, The company expects revenue to grow by 6% –12 % from previous year.お知らせ • Feb 13WithSecure Oyj Provides Earnings Guidance for the Year 2024WithSecure Oyj provided earnings guidance for the year 2024. For the period, Company expects Total revenue of the group will grow by 6% to 12 % from previous year. Previous year revenue of the group was EUR 142.8 million.お知らせ • Oct 18WithSecure Oyj Provides Revenue Guidance for the Year 2023WithSecure Oyj provided revenue guidance for the year 2023. For the year, the company expects total revenue of the group will grow by 6% – 12% from previous year. Previous year revenue was EUR 134.7 million. Growth Target: To double revenue organically by the end of 2025 (from year 2021 comparable revenue of EUR 122.8 million).すべての更新を表示Recent updatesお知らせ • Jan 21Withsecure Oyj Announces Chief Financial Officer Changes, Effective No Later Than August 1, 2026WithSecure Oyj announced that Xavier Carpentier, Ph.D. (Economics), has been appointed as Chief Financial Officer of WithSecure Corporation. His employment will commence no later than August 1, 2026. Carpentier will join the company's Global Leadership Team and report to CEO Antti Koskela. Chief Legal Officer Tiina Sarhimaa continues as the company's interim CFO until Carpentier commences in his role. Carpentier joins WithSecure from Basware Ltd, where he currently serves as VP, Finance. Previously, Carpentier has held various senior and executive positions at both publicly listed and private companies, including Vincit, Fira, and Microsoft.お知らせ • Nov 25WithSecure Oyj, Annual General Meeting, May 21, 2026WithSecure Oyj, Annual General Meeting, May 21, 2026.お知らせ • Nov 21+ 4 more updatesWithSecure Oyj to Report Fiscal Year 2025 Results on Feb 05, 2026WithSecure Oyj announced that they will report fiscal year 2025 results on Feb 05, 2026Board Change • Nov 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Mervi Kerkela-Hiltunen 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 • Oct 22WithSecure Oyj(HLSE:WITH) dropped from OMX Nordic All-Share IndexWithSecure Oyj removedNew Risk • Aug 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 19% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.お知らせ • Aug 08CVC Capital Partners plc and Risto Siilasmaa entered into a combination agreement to acquire WithSecure Oyj (HLSE:WITH) from Risto Siilasmaa, Varma Mutual Pension Insurance Company and others for approximately €300 million in a tender offer transaction.CVC Capital Partners plc and Risto Siilasmaa entered into a combination agreement to acquire WithSecure Oyj (HLSE:WITH) from Risto Siilasmaa, Varma Mutual Pension Insurance Company and others for approximately €300 million in a tender offer transaction on August 8, 2025. Risto Siilasmaa is executing a equity reinvestment whereby Risto Siilasmaa will sell 34.2 percent of all Shares in WithSecure. A cash consideration valued at €1.7 per share will be paid by CVC Capital Partners plc and the management. As part of consideration, €299 million is paid towards common equity of WithSecure Oyj. The Offeror has secured the required financing to finance the Tender Offer. The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to antitrust regulations. The deal has been unanimously approved by the board. The Tender Offer is currently expected to be completed during the fourth quarter of 2025. Goldman Sachs International acted as financial advisor for CVC Capital Partners plc. Roschier, Attorneys Ltd. acted as legal advisor for CVC Capital Partners plc. Latham & Watkins LLP acted as legal advisor for CVC Capital Partners plc. DNB Carnegie Investment Bank AB acted as financial advisor for WithSecure Oyj. DNB Carnegie Investment Bank AB acted as fairness opinion provider for WithSecure Oyj. Asianajotoimisto Castrén & Snellman Oy acted as legal advisor for WithSecure Oyj.Buy Or Sell Opportunity • Jul 28Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 9.9% to €1.02. The fair value is estimated to be €0.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 6.6% in a year. Earnings are forecast to grow by 61% in the next year.Reported Earnings • Jul 17Second quarter 2025 earnings released: €0.024 loss per share (vs €0.02 loss in 2Q 2024)Second quarter 2025 results: €0.024 loss per share (further deteriorated from €0.02 loss in 2Q 2024). Revenue: €29.4m (up 2.6% from 2Q 2024). Net loss: €4.19m (loss widened 15% from 2Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 27First quarter 2025 earnings released: €0.008 loss per share (vs €0.012 loss in 1Q 2024)First quarter 2025 results: €0.008 loss per share (improved from €0.012 loss in 1Q 2024). Revenue: €30.1m (down 17% from 1Q 2024). Net loss: €1.38m (loss narrowed 36% from 1Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.Board Change • Apr 17High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Tuomas Syrjänen is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Feb 13Full year 2024 earnings released: €0.053 loss per share (vs €0.23 loss in FY 2023)Full year 2024 results: €0.053 loss per share (improved from €0.23 loss in FY 2023). Revenue: €116.0m (down 19% from FY 2023). Net loss: €9.18m (loss narrowed 77% from FY 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Feb 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €0.88. The fair value is estimated to be €0.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 4.9% in 2 years. Earnings are forecast to grow by 97% in the next 2 years.New Risk • Feb 06New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €35m Forecast net loss in 2 years: €594k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.お知らせ • Jan 23Neqst Partner AB signed a share purchase agreement to acquire Cyber security consulting business from WithSecure Oyj (HLSE:WITH) for approximately €22.5 million.Neqst Partner AB signed a share purchase agreement to acquire Cyber security consulting business from WithSecure Oyj (HLSE:WITH) for €22.5 million on January 23, 2025. The parties have agreed on a total enterprise value of €22.5 million. Of this, 60% becomes payable as fixed cash and debt-free purchase price upon completion of the transaction. The remaining 40% is variable purchase price, based on the performance of the business in 2025 and 2026, and it becomes payable in two installments in the beginning of 2026 and 2027. As a result of the agreement, total of approximately 250 employees located in Finland, UK, Sweden, Denmark, Singapore, Italy, and US are expected to transfer to Neqst Partner AB. The transaction is expected to be completed during the second quarter of 2025. The completion of the transaction is subject to customary closing conditions and regulatory approvals.お知らせ • Jan 10WithSecure Oyj Announces Board ChangesWithSecure Oyj announced that of the current members, Thomas Jul and Risto Siilasmaa have informed that they are not available for re-election to the Board.Buy Or Sell Opportunity • Dec 30Now 21% overvaluedOver the last 90 days, the stock has fallen 28% to €0.75. The fair value is estimated to be €0.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 97% in the next 2 years.お知らせ • Nov 26WithSecure Oyj, Annual General Meeting, Mar 18, 2025WithSecure Oyj, Annual General Meeting, Mar 18, 2025.Buy Or Sell Opportunity • Nov 11Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at €0.78. The fair value is estimated to be €0.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 99% in the next 2 years.お知らせ • Oct 24+ 5 more updatesF-Secure Revises Earnings Guidance for 2024F-Secure revised earnings guidance for 2024. F-Secure estimates that revenue for 2024 will be in the range of EUR 144 million –147 million (previously EUR 142 million –152 million).Reported Earnings • Oct 23Third quarter 2024 earnings released: €0.10 loss per share (vs €0.06 loss in 3Q 2023)Third quarter 2024 results: €0.10 loss per share (further deteriorated from €0.06 loss in 3Q 2023). Revenue: €36.1m (up 4.0% from 3Q 2023). Net loss: €17.5m (loss widened 69% from 3Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 11WithSecure Corporation Revises Group Revenue Guidance for the Year 2024WithSecure Corporation revised group revenue guidance for the year 2024. For the year, the company's total group revenue growth outlook is expected to be 2% to 5% from previous year (previous outlook: 6% to 12%). Previous year revenue of the group was EUR 142.8 million. Growth in the key European markets continued. However, the growth in the DACH region slowed down in the third quarter of 2024. In the markets outside of European Union and Japan, especially in the United Kingdom and the United States, revenue growth did not meet the expectations. Elements Cloud ARR and revenue have been impacted by higher than anticipated churn of some large customers in the Managed Services, not fully compensated by acquisition of new business. In addition, the cyber security consulting business has not fully met its performance targets in the first and third quarter of 2024. The revenue gaps caused by these reasons are not fully recoverable in the last quarter of 2024.Board Change • Sep 23High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Niilo Fredrikson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 17Second quarter 2024 earnings released: €0.021 loss per share (vs €0.039 loss in 2Q 2023)Second quarter 2024 results: €0.021 loss per share (improved from €0.039 loss in 2Q 2023). Revenue: €36.8m (up 5.7% from 2Q 2023). Net loss: €3.63m (loss narrowed 47% from 2Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.お知らせ • Jul 16WithSecure Oyj Reaffirms Revenue Guidance for the Year 2024WithSecure Oyj reaffirmed revenue guidance for the year 2024. For the year, Total revenue of the group will grow by 6% to 12% from previous year. Previous year revenue of the group was EUR 142.8 million.お知らせ • Jun 26+ 1 more updateWithSecure Oyj Announces Appointment of Antti Koskela as CEO, Effective from July 1, 2024The Board of Directors of WithSecure has appointed Antti Koskela, M.Sc. (Electrical Engineering) as CEO of WithSecure as of 1 July 2024. Koskela has served as the interim CEO of WithSecure since April 2024. He joined WithSecure in 2021 as Chief Product Officer and member of the Global Leadership Team.Buy Or Sell Opportunity • Jun 12Now 20% undervaluedOver the last 90 days, the stock has risen 3.0% to €1.10. The fair value is estimated to be €1.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 7.1% in a year. Earnings are forecast to grow by 85% in the next year.お知らせ • Jun 06F-Secure Corporation Announces Executive ChangesF-Secure Corporation announced change in the leadership team of the company. Firas Azmeh, chief revenue officer and a member of F-Secure Leadership Team, has decided to leave the company to pursue new career opportunities outside the company. Azmeh will continue working at F-Secure until 30 June 2024. The recruitment process for a successor has been initiated. In addition, as previously announced, Kaisa Tikka-Mustonen will start as F-Secure chief people officer on 2 September 2024.Board Change • Apr 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Niilo Fredrikson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 24WithSecure Oyj Provides Revenue Guidance for the Year 2024WithSecure Oyj provided revenue guidance for the year 2024. For the year, The company expects revenue to grow by 6% –12 % from previous year.お知らせ • Apr 09+ 1 more updateWithSecure Announces CEO ChangesJuhani Hintikka, CEO of WithSecure announced that he steps down from his position in the company. The decision to step down follows the Supreme Court ruling of 5 April 2024 where Juhani Hintikka was found guilty of abuse of inside information related to a matter dating back to 2014, years before Hintikka joined WithSecure. The Board of Directors has immediately initiated a search process for a new CEO and has appointed Antti Koskela to act as the interim CEO of the company, effective immediately. Antti Koskela has served as a member of the Global Leadership Team and as Chief Product Officer since 2021. He will continue in the latter role in addition to assuming his duties as the interim CEO.Board Change • Apr 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Niilo Fredrikson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Mar 21WithSecure Corporation Announces Board ChangesNiilo Fredrikson and Amanda Bedborough as well as Harri Ruusinen, who belongs to the personnel of WithSecure Corporation, were elected as new members of the Board of Directors.Buy Or Sell Opportunity • Feb 15Now 20% undervaluedOver the last 90 days, the stock has risen 12% to €1.12. The fair value is estimated to be €1.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.Reported Earnings • Feb 13Full year 2023 earnings released: €0.23 loss per share (vs €0.22 loss in FY 2022)Full year 2023 results: €0.23 loss per share (further deteriorated from €0.22 loss in FY 2022). Revenue: €142.8m (up 6.0% from FY 2022). Net loss: €40.0m (loss widened 4.8% from FY 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.お知らせ • Feb 13WithSecure Oyj Provides Earnings Guidance for the Year 2024WithSecure Oyj provided earnings guidance for the year 2024. For the period, Company expects Total revenue of the group will grow by 6% to 12 % from previous year. Previous year revenue of the group was EUR 142.8 million.お知らせ • Oct 25+ 4 more updatesWithSecure Oyj, Annual General Meeting, Mar 13, 2024WithSecure Oyj, Annual General Meeting, Mar 13, 2024.お知らせ • Oct 18Withsecure Corporation Announces Impairment for the Third Quarter 2023WithSecure Corporation announced impairment of EUR 6.2 million of Goodwill related to consulting business as part of the third quarter 2023 interim report result.Reported Earnings • Oct 18Third quarter 2023 earnings released: €0.06 loss per share (vs €0.029 loss in 3Q 2022)Third quarter 2023 results: €0.06 loss per share (further deteriorated from €0.029 loss in 3Q 2022). Revenue: €34.8m (up 3.8% from 3Q 2022). Net loss: €10.4m (loss widened 112% from 3Q 2022). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.お知らせ • Oct 18WithSecure Oyj Provides Revenue Guidance for the Year 2023WithSecure Oyj provided revenue guidance for the year 2023. For the year, the company expects total revenue of the group will grow by 6% – 12% from previous year. Previous year revenue was EUR 134.7 million. Growth Target: To double revenue organically by the end of 2025 (from year 2021 comparable revenue of EUR 122.8 million).Reported Earnings • Jul 14Second quarter 2023 earnings released: €0.039 loss per share (vs €0.07 loss in 2Q 2022)Second quarter 2023 results: €0.039 loss per share (improved from €0.07 loss in 2Q 2022). Revenue: €34.8m (up 7.4% from 2Q 2022). Net loss: €6.85m (loss narrowed 44% from 2Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.お知らせ • Jul 12WithSecure Oyj Revises Earnings Guidance for the Year 2023WithSecure Oyj revised earnings guidance for the year 2023. New outlook for 2023: Annual recurring revenue (ARR) for cloud products will grow by 18 – 24% from the end of 2022. At the end of 2022, cloud ARR was EUR 80.2 million. Revenue from cloud products will grow by 18 – 24% from previous year. Previous year revenue from cloud products was EUR 68.7 million. Total revenue of the group will grow by 6 – 12 % from previous year. Previous year revenue was EUR 134.7 million. Previous outlook for 2023: Annual recurring revenue (ARR) for cloud products will grow by 28 – 34% from the end of 2022. At the end of 2022, cloud ARR was EUR 80.2 million. Revenue from cloud products will grow by 28 – 34% from previous year. Previous year revenue from cloud products was EUR 68.7 million. Total revenue of the group will grow by 12 – 20% from previous year. Previous year revenue was EUR 134.7 million.Buying Opportunity • Jun 22Now 27% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €1.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 83% in the next 2 years.Reported Earnings • Apr 20First quarter 2023 earnings released: €0.06 loss per share (vs €0.081 loss in 1Q 2022)First quarter 2023 results: €0.06 loss per share (improved from €0.081 loss in 1Q 2022). Revenue: €35.2m (up 8.7% from 1Q 2022). Net loss: €11.1m (loss narrowed 15% from 1Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Board Change • Apr 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director CB Martin was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 10Full year 2022 earnings released: €0.22 loss per share (vs €0.08 profit in FY 2021)Full year 2022 results: €0.22 loss per share (down from €0.08 profit in FY 2021). Revenue: €134.7m (down 43% from FY 2021). Net loss: €38.2m (down 401% from profit in FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.お知らせ • Jan 11WithSecure Corporation Revises Revenue Guidance for the Year 2022WithSecure Corporation revised revenue guidance for the year 2022. The company now expects its comparable revenue to grow approximately 9.6% from the previous year (previous outlook: double-digit growth). Previous year’s comparable revenue, adjusted for divested consulting businesses,was EUR 122.8 million. Revenue from cloud-native products continues strong performance. Full year revenue growth of 2022 will exceed outlook, however the target of accelerating growth in second half will not be met, due to some slowness in customers’ decision-making observed in late 2022. The cloud-native revenue grew by 33% in the first half and is expected to grow by approximately 32% in the second half of 2022. With this development, combined with previous quarters’ weaknesses in cyber security consulting performance, the full year revenue growth outlook will be slightly lower than the previous outlook (double-digit growth).お知らせ • Nov 18WithSecure Oyj to Report Fiscal Year 2022 Results on Feb 09, 2023WithSecure Oyj announced that they will report fiscal year 2022 results at 10:00 AM, USSR Zone1 on Feb 09, 2023お知らせ • Nov 01+ 2 more updatesWithSecure Oyj to Report First Half, 2023 Results on Jul 20, 2023WithSecure Oyj announced that they will report first half, 2023 results on Jul 20, 2023Reported Earnings • Oct 27Third quarter 2022 earnings released: €0.03 loss per share (vs €0.04 profit in 3Q 2021)Third quarter 2022 results: €0.03 loss per share (down from €0.04 profit in 3Q 2021). Revenue: €33.5m (down 43% from 3Q 2021). Net loss: €4.90m (down 188% from profit in 3Q 2021). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Buying Opportunity • Oct 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 36%. The fair value is estimated to be €1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 54%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 39% per annum over the same time period.Reported Earnings • Jul 21Second quarter 2022 earnings released: EPS: €0.03 (vs €0.009 in 2Q 2021)Second quarter 2022 results: EPS: €0.03 (up from €0.009 in 2Q 2021). Revenue: €27.5m (down 53% from 2Q 2021). Net income: €5.30m (up 279% from 2Q 2021). Profit margin: 19% (up from 2.4% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 27% compared to a 22% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 58% share price decline to €2.03, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Software industry in the United Kingdom. Total returns to shareholders of 112% over the past three years.Valuation Update With 7 Day Price Move • Mar 30Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €4.71, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 38x in the Software industry in the United Kingdom. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.00 per share.Buying Opportunity • Feb 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be €5.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% per annum over the last 3 years. Earnings per share has grown by 73% per annum over the last 3 years.Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.08 (down from €0.081 in FY 2020). Revenue: €236.3m (up 7.3% from FY 2020). Net income: €12.7m (down 1.3% from FY 2020). Profit margin: 5.4% (down from 5.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.0%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS €0.04 (vs €0.03 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €58.7m (up 7.7% from 3Q 2020). Net income: €5.60m (up 12% from 3Q 2020). Profit margin: 9.5% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to €4.96, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 36x in the Software industry in the United Kingdom. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.65 per share.Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS €0.009 (vs €0.02 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €58.2m (up 9.8% from 2Q 2020). Net income: €1.40m (down 55% from 2Q 2020). Profit margin: 2.4% (down from 5.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 04First quarter 2021 earnings released: EPS €0.031 (vs €0.01 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €57.8m (up 5.5% from 1Q 2020). Net income: €4.90m (up 133% from 1Q 2020). Profit margin: 8.5% (up from 3.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 18Upcoming Dividend of €0.04 Per ShareWill be paid on the 8th of April to those who are registered shareholders by the 25th of March. The trailing yield of 1.0% is below the top quartile of British dividend payers (4.4%), and is lower than industry peers (1.8%).Reported Earnings • Feb 12Full year 2020 earnings released: EPS €0.082 (vs €0.021 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €220.2m (up 1.3% from FY 2019). Net income: €12.9m (up 283% from FY 2019). Profit margin: 5.9% (up from 1.5% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 6.4%, compared to a 7.2% growth forecast for the Software industry in the United Kingdom.Is New 90 Day High Low • Nov 16New 90-day high: €3.83The company is up 32% from its price of €2.90 on 18 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.17 per share.Reported Earnings • Nov 02Third quarter 2020 earnings released: EPS €0.03The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €54.5m (up 1.3% from 3Q 2019). Net income: €5.00m (up €4.20m from 3Q 2019). Profit margin: 9.2% (up from 1.5% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 02Revenue beats expectationsRevenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 5.2%, compared to a 30% growth forecast for the Software industry in the United Kingdom.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 1.2% at €54.5m. Revenue is forecast to grow 4.9% over the next year, compared to a 31% growth forecast for the Software industry in the United Kingdom.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of €10.8m, up 339% from the prior year. Total revenue was €218.3m over the last 12 months, up 1.5% from the prior year.Is New 90 Day High Low • Oct 05New 90-day high: €3.41The company is up 16% from its price of €2.95 on 06 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.09 per share.業績と収益の成長予測LSE:0EIE - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20281417717112/31/202713331115112/31/2026125N/A711112/31/2025119-72419/30/2025118-1024N/A6/30/2025118-914N/A3/31/2025117-9-50N/A12/31/2024116-9-51N/A9/30/202491-11-11-5N/A6/30/202497-20-18-14N/A3/31/2024104-23-24-19N/A12/31/2023110-32-28-23N/A9/30/2023141-36-33-27N/A6/30/2023140-31-36-30N/A3/31/2023138-36-28-23N/A12/31/2022135-38-25-20N/A9/30/2022133-38-8-4N/A6/30/2022131-38612N/A3/31/2022131-331724N/A12/31/2021130-252431N/A9/30/2021153-153037N/A6/30/2021176-53541N/A3/31/202119763542N/A12/31/2020220133947N/A9/30/2020218112534N/A6/30/202021872029N/A3/31/202021971928N/A12/31/201921731018N/A9/30/201921531019N/A6/30/20192122N/A14N/A3/31/2019201-1N/A6N/A12/31/20181911N/A7N/A9/30/20181814N/A10N/A6/30/20181726N/A14N/A3/31/201817211N/A20N/A12/31/201717011N/A26N/A9/30/201716815N/A24N/A6/30/201716514N/A30N/A3/31/201716114N/A28N/A12/31/201615816N/A22N/A9/30/20161559N/A27N/A6/30/201615310N/A25N/A3/31/20161509N/A23N/A12/31/201514812N/A29N/A9/30/201514318N/A26N/A6/30/201514020N/A26N/A3/31/201513921N/A28N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0EIEは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 3% ) よりも高い成長率であると考えられます。収益対市場: 0EIE今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 0EIE今後 3 年以内に収益を上げることが予想されます。収益対市場: 0EIEの収益 ( 5.6% ) UK市場 ( 4.4% ) よりも速いペースで成長すると予測されています。高い収益成長: 0EIEの収益 ( 5.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0EIEの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance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2026/01/26 14:56終値2026/01/16 00:00収益2025/09/30年間収益2024/12/31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WithSecure Oyj 1 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。9 アナリスト機関Erik MobergBerenbergSimon JonssonBerenbergMatti RiikonenCarnegie Investment Bank AB6 その他のアナリストを表示
お知らせ • Oct 24+ 5 more updatesF-Secure Revises Earnings Guidance for 2024F-Secure revised earnings guidance for 2024. F-Secure estimates that revenue for 2024 will be in the range of EUR 144 million –147 million (previously EUR 142 million –152 million).
お知らせ • Oct 11WithSecure Corporation Revises Group Revenue Guidance for the Year 2024WithSecure Corporation revised group revenue guidance for the year 2024. For the year, the company's total group revenue growth outlook is expected to be 2% to 5% from previous year (previous outlook: 6% to 12%). Previous year revenue of the group was EUR 142.8 million. Growth in the key European markets continued. However, the growth in the DACH region slowed down in the third quarter of 2024. In the markets outside of European Union and Japan, especially in the United Kingdom and the United States, revenue growth did not meet the expectations. Elements Cloud ARR and revenue have been impacted by higher than anticipated churn of some large customers in the Managed Services, not fully compensated by acquisition of new business. In addition, the cyber security consulting business has not fully met its performance targets in the first and third quarter of 2024. The revenue gaps caused by these reasons are not fully recoverable in the last quarter of 2024.
お知らせ • Jul 16WithSecure Oyj Reaffirms Revenue Guidance for the Year 2024WithSecure Oyj reaffirmed revenue guidance for the year 2024. For the year, Total revenue of the group will grow by 6% to 12% from previous year. Previous year revenue of the group was EUR 142.8 million.
お知らせ • Apr 24WithSecure Oyj Provides Revenue Guidance for the Year 2024WithSecure Oyj provided revenue guidance for the year 2024. For the year, The company expects revenue to grow by 6% –12 % from previous year.
お知らせ • Feb 13WithSecure Oyj Provides Earnings Guidance for the Year 2024WithSecure Oyj provided earnings guidance for the year 2024. For the period, Company expects Total revenue of the group will grow by 6% to 12 % from previous year. Previous year revenue of the group was EUR 142.8 million.
お知らせ • Oct 18WithSecure Oyj Provides Revenue Guidance for the Year 2023WithSecure Oyj provided revenue guidance for the year 2023. For the year, the company expects total revenue of the group will grow by 6% – 12% from previous year. Previous year revenue was EUR 134.7 million. Growth Target: To double revenue organically by the end of 2025 (from year 2021 comparable revenue of EUR 122.8 million).
お知らせ • Jan 21Withsecure Oyj Announces Chief Financial Officer Changes, Effective No Later Than August 1, 2026WithSecure Oyj announced that Xavier Carpentier, Ph.D. (Economics), has been appointed as Chief Financial Officer of WithSecure Corporation. His employment will commence no later than August 1, 2026. Carpentier will join the company's Global Leadership Team and report to CEO Antti Koskela. Chief Legal Officer Tiina Sarhimaa continues as the company's interim CFO until Carpentier commences in his role. Carpentier joins WithSecure from Basware Ltd, where he currently serves as VP, Finance. Previously, Carpentier has held various senior and executive positions at both publicly listed and private companies, including Vincit, Fira, and Microsoft.
お知らせ • Nov 25WithSecure Oyj, Annual General Meeting, May 21, 2026WithSecure Oyj, Annual General Meeting, May 21, 2026.
お知らせ • Nov 21+ 4 more updatesWithSecure Oyj to Report Fiscal Year 2025 Results on Feb 05, 2026WithSecure Oyj announced that they will report fiscal year 2025 results on Feb 05, 2026
Board Change • Nov 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Mervi Kerkela-Hiltunen 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.
New Risk • Aug 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 19% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
お知らせ • Aug 08CVC Capital Partners plc and Risto Siilasmaa entered into a combination agreement to acquire WithSecure Oyj (HLSE:WITH) from Risto Siilasmaa, Varma Mutual Pension Insurance Company and others for approximately €300 million in a tender offer transaction.CVC Capital Partners plc and Risto Siilasmaa entered into a combination agreement to acquire WithSecure Oyj (HLSE:WITH) from Risto Siilasmaa, Varma Mutual Pension Insurance Company and others for approximately €300 million in a tender offer transaction on August 8, 2025. Risto Siilasmaa is executing a equity reinvestment whereby Risto Siilasmaa will sell 34.2 percent of all Shares in WithSecure. A cash consideration valued at €1.7 per share will be paid by CVC Capital Partners plc and the management. As part of consideration, €299 million is paid towards common equity of WithSecure Oyj. The Offeror has secured the required financing to finance the Tender Offer. The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to antitrust regulations. The deal has been unanimously approved by the board. The Tender Offer is currently expected to be completed during the fourth quarter of 2025. Goldman Sachs International acted as financial advisor for CVC Capital Partners plc. Roschier, Attorneys Ltd. acted as legal advisor for CVC Capital Partners plc. Latham & Watkins LLP acted as legal advisor for CVC Capital Partners plc. DNB Carnegie Investment Bank AB acted as financial advisor for WithSecure Oyj. DNB Carnegie Investment Bank AB acted as fairness opinion provider for WithSecure Oyj. Asianajotoimisto Castrén & Snellman Oy acted as legal advisor for WithSecure Oyj.
Buy Or Sell Opportunity • Jul 28Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 9.9% to €1.02. The fair value is estimated to be €0.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 6.6% in a year. Earnings are forecast to grow by 61% in the next year.
Reported Earnings • Jul 17Second quarter 2025 earnings released: €0.024 loss per share (vs €0.02 loss in 2Q 2024)Second quarter 2025 results: €0.024 loss per share (further deteriorated from €0.02 loss in 2Q 2024). Revenue: €29.4m (up 2.6% from 2Q 2024). Net loss: €4.19m (loss widened 15% from 2Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 27First quarter 2025 earnings released: €0.008 loss per share (vs €0.012 loss in 1Q 2024)First quarter 2025 results: €0.008 loss per share (improved from €0.012 loss in 1Q 2024). Revenue: €30.1m (down 17% from 1Q 2024). Net loss: €1.38m (loss narrowed 36% from 1Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.
Board Change • Apr 17High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Tuomas Syrjänen is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Feb 13Full year 2024 earnings released: €0.053 loss per share (vs €0.23 loss in FY 2023)Full year 2024 results: €0.053 loss per share (improved from €0.23 loss in FY 2023). Revenue: €116.0m (down 19% from FY 2023). Net loss: €9.18m (loss narrowed 77% from FY 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Feb 12Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €0.88. The fair value is estimated to be €0.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 4.9% in 2 years. Earnings are forecast to grow by 97% in the next 2 years.
New Risk • Feb 06New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €35m Forecast net loss in 2 years: €594k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.
お知らせ • Jan 23Neqst Partner AB signed a share purchase agreement to acquire Cyber security consulting business from WithSecure Oyj (HLSE:WITH) for approximately €22.5 million.Neqst Partner AB signed a share purchase agreement to acquire Cyber security consulting business from WithSecure Oyj (HLSE:WITH) for €22.5 million on January 23, 2025. The parties have agreed on a total enterprise value of €22.5 million. Of this, 60% becomes payable as fixed cash and debt-free purchase price upon completion of the transaction. The remaining 40% is variable purchase price, based on the performance of the business in 2025 and 2026, and it becomes payable in two installments in the beginning of 2026 and 2027. As a result of the agreement, total of approximately 250 employees located in Finland, UK, Sweden, Denmark, Singapore, Italy, and US are expected to transfer to Neqst Partner AB. The transaction is expected to be completed during the second quarter of 2025. The completion of the transaction is subject to customary closing conditions and regulatory approvals.
お知らせ • Jan 10WithSecure Oyj Announces Board ChangesWithSecure Oyj announced that of the current members, Thomas Jul and Risto Siilasmaa have informed that they are not available for re-election to the Board.
Buy Or Sell Opportunity • Dec 30Now 21% overvaluedOver the last 90 days, the stock has fallen 28% to €0.75. The fair value is estimated to be €0.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 97% in the next 2 years.
お知らせ • Nov 26WithSecure Oyj, Annual General Meeting, Mar 18, 2025WithSecure Oyj, Annual General Meeting, Mar 18, 2025.
Buy Or Sell Opportunity • Nov 11Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at €0.78. The fair value is estimated to be €0.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 99% in the next 2 years.
お知らせ • Oct 24+ 5 more updatesF-Secure Revises Earnings Guidance for 2024F-Secure revised earnings guidance for 2024. F-Secure estimates that revenue for 2024 will be in the range of EUR 144 million –147 million (previously EUR 142 million –152 million).
Reported Earnings • Oct 23Third quarter 2024 earnings released: €0.10 loss per share (vs €0.06 loss in 3Q 2023)Third quarter 2024 results: €0.10 loss per share (further deteriorated from €0.06 loss in 3Q 2023). Revenue: €36.1m (up 4.0% from 3Q 2023). Net loss: €17.5m (loss widened 69% from 3Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 11WithSecure Corporation Revises Group Revenue Guidance for the Year 2024WithSecure Corporation revised group revenue guidance for the year 2024. For the year, the company's total group revenue growth outlook is expected to be 2% to 5% from previous year (previous outlook: 6% to 12%). Previous year revenue of the group was EUR 142.8 million. Growth in the key European markets continued. However, the growth in the DACH region slowed down in the third quarter of 2024. In the markets outside of European Union and Japan, especially in the United Kingdom and the United States, revenue growth did not meet the expectations. Elements Cloud ARR and revenue have been impacted by higher than anticipated churn of some large customers in the Managed Services, not fully compensated by acquisition of new business. In addition, the cyber security consulting business has not fully met its performance targets in the first and third quarter of 2024. The revenue gaps caused by these reasons are not fully recoverable in the last quarter of 2024.
Board Change • Sep 23High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Niilo Fredrikson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 17Second quarter 2024 earnings released: €0.021 loss per share (vs €0.039 loss in 2Q 2023)Second quarter 2024 results: €0.021 loss per share (improved from €0.039 loss in 2Q 2023). Revenue: €36.8m (up 5.7% from 2Q 2023). Net loss: €3.63m (loss narrowed 47% from 2Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.
お知らせ • Jul 16WithSecure Oyj Reaffirms Revenue Guidance for the Year 2024WithSecure Oyj reaffirmed revenue guidance for the year 2024. For the year, Total revenue of the group will grow by 6% to 12% from previous year. Previous year revenue of the group was EUR 142.8 million.
お知らせ • Jun 26+ 1 more updateWithSecure Oyj Announces Appointment of Antti Koskela as CEO, Effective from July 1, 2024The Board of Directors of WithSecure has appointed Antti Koskela, M.Sc. (Electrical Engineering) as CEO of WithSecure as of 1 July 2024. Koskela has served as the interim CEO of WithSecure since April 2024. He joined WithSecure in 2021 as Chief Product Officer and member of the Global Leadership Team.
Buy Or Sell Opportunity • Jun 12Now 20% undervaluedOver the last 90 days, the stock has risen 3.0% to €1.10. The fair value is estimated to be €1.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 7.1% in a year. Earnings are forecast to grow by 85% in the next year.
お知らせ • Jun 06F-Secure Corporation Announces Executive ChangesF-Secure Corporation announced change in the leadership team of the company. Firas Azmeh, chief revenue officer and a member of F-Secure Leadership Team, has decided to leave the company to pursue new career opportunities outside the company. Azmeh will continue working at F-Secure until 30 June 2024. The recruitment process for a successor has been initiated. In addition, as previously announced, Kaisa Tikka-Mustonen will start as F-Secure chief people officer on 2 September 2024.
Board Change • Apr 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Niilo Fredrikson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 24WithSecure Oyj Provides Revenue Guidance for the Year 2024WithSecure Oyj provided revenue guidance for the year 2024. For the year, The company expects revenue to grow by 6% –12 % from previous year.
お知らせ • Apr 09+ 1 more updateWithSecure Announces CEO ChangesJuhani Hintikka, CEO of WithSecure announced that he steps down from his position in the company. The decision to step down follows the Supreme Court ruling of 5 April 2024 where Juhani Hintikka was found guilty of abuse of inside information related to a matter dating back to 2014, years before Hintikka joined WithSecure. The Board of Directors has immediately initiated a search process for a new CEO and has appointed Antti Koskela to act as the interim CEO of the company, effective immediately. Antti Koskela has served as a member of the Global Leadership Team and as Chief Product Officer since 2021. He will continue in the latter role in addition to assuming his duties as the interim CEO.
Board Change • Apr 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Niilo Fredrikson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 21WithSecure Corporation Announces Board ChangesNiilo Fredrikson and Amanda Bedborough as well as Harri Ruusinen, who belongs to the personnel of WithSecure Corporation, were elected as new members of the Board of Directors.
Buy Or Sell Opportunity • Feb 15Now 20% undervaluedOver the last 90 days, the stock has risen 12% to €1.12. The fair value is estimated to be €1.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 95% in the next 2 years.
Reported Earnings • Feb 13Full year 2023 earnings released: €0.23 loss per share (vs €0.22 loss in FY 2022)Full year 2023 results: €0.23 loss per share (further deteriorated from €0.22 loss in FY 2022). Revenue: €142.8m (up 6.0% from FY 2022). Net loss: €40.0m (loss widened 4.8% from FY 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 13WithSecure Oyj Provides Earnings Guidance for the Year 2024WithSecure Oyj provided earnings guidance for the year 2024. For the period, Company expects Total revenue of the group will grow by 6% to 12 % from previous year. Previous year revenue of the group was EUR 142.8 million.
お知らせ • Oct 25+ 4 more updatesWithSecure Oyj, Annual General Meeting, Mar 13, 2024WithSecure Oyj, Annual General Meeting, Mar 13, 2024.
お知らせ • Oct 18Withsecure Corporation Announces Impairment for the Third Quarter 2023WithSecure Corporation announced impairment of EUR 6.2 million of Goodwill related to consulting business as part of the third quarter 2023 interim report result.
Reported Earnings • Oct 18Third quarter 2023 earnings released: €0.06 loss per share (vs €0.029 loss in 3Q 2022)Third quarter 2023 results: €0.06 loss per share (further deteriorated from €0.029 loss in 3Q 2022). Revenue: €34.8m (up 3.8% from 3Q 2022). Net loss: €10.4m (loss widened 112% from 3Q 2022). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 18WithSecure Oyj Provides Revenue Guidance for the Year 2023WithSecure Oyj provided revenue guidance for the year 2023. For the year, the company expects total revenue of the group will grow by 6% – 12% from previous year. Previous year revenue was EUR 134.7 million. Growth Target: To double revenue organically by the end of 2025 (from year 2021 comparable revenue of EUR 122.8 million).
Reported Earnings • Jul 14Second quarter 2023 earnings released: €0.039 loss per share (vs €0.07 loss in 2Q 2022)Second quarter 2023 results: €0.039 loss per share (improved from €0.07 loss in 2Q 2022). Revenue: €34.8m (up 7.4% from 2Q 2022). Net loss: €6.85m (loss narrowed 44% from 2Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 12WithSecure Oyj Revises Earnings Guidance for the Year 2023WithSecure Oyj revised earnings guidance for the year 2023. New outlook for 2023: Annual recurring revenue (ARR) for cloud products will grow by 18 – 24% from the end of 2022. At the end of 2022, cloud ARR was EUR 80.2 million. Revenue from cloud products will grow by 18 – 24% from previous year. Previous year revenue from cloud products was EUR 68.7 million. Total revenue of the group will grow by 6 – 12 % from previous year. Previous year revenue was EUR 134.7 million. Previous outlook for 2023: Annual recurring revenue (ARR) for cloud products will grow by 28 – 34% from the end of 2022. At the end of 2022, cloud ARR was EUR 80.2 million. Revenue from cloud products will grow by 28 – 34% from previous year. Previous year revenue from cloud products was EUR 68.7 million. Total revenue of the group will grow by 12 – 20% from previous year. Previous year revenue was EUR 134.7 million.
Buying Opportunity • Jun 22Now 27% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €1.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 83% in the next 2 years.
Reported Earnings • Apr 20First quarter 2023 earnings released: €0.06 loss per share (vs €0.081 loss in 1Q 2022)First quarter 2023 results: €0.06 loss per share (improved from €0.081 loss in 1Q 2022). Revenue: €35.2m (up 8.7% from 1Q 2022). Net loss: €11.1m (loss narrowed 15% from 1Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Board Change • Apr 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director CB Martin was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 10Full year 2022 earnings released: €0.22 loss per share (vs €0.08 profit in FY 2021)Full year 2022 results: €0.22 loss per share (down from €0.08 profit in FY 2021). Revenue: €134.7m (down 43% from FY 2021). Net loss: €38.2m (down 401% from profit in FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
お知らせ • Jan 11WithSecure Corporation Revises Revenue Guidance for the Year 2022WithSecure Corporation revised revenue guidance for the year 2022. The company now expects its comparable revenue to grow approximately 9.6% from the previous year (previous outlook: double-digit growth). Previous year’s comparable revenue, adjusted for divested consulting businesses,was EUR 122.8 million. Revenue from cloud-native products continues strong performance. Full year revenue growth of 2022 will exceed outlook, however the target of accelerating growth in second half will not be met, due to some slowness in customers’ decision-making observed in late 2022. The cloud-native revenue grew by 33% in the first half and is expected to grow by approximately 32% in the second half of 2022. With this development, combined with previous quarters’ weaknesses in cyber security consulting performance, the full year revenue growth outlook will be slightly lower than the previous outlook (double-digit growth).
お知らせ • Nov 18WithSecure Oyj to Report Fiscal Year 2022 Results on Feb 09, 2023WithSecure Oyj announced that they will report fiscal year 2022 results at 10:00 AM, USSR Zone1 on Feb 09, 2023
お知らせ • Nov 01+ 2 more updatesWithSecure Oyj to Report First Half, 2023 Results on Jul 20, 2023WithSecure Oyj announced that they will report first half, 2023 results on Jul 20, 2023
Reported Earnings • Oct 27Third quarter 2022 earnings released: €0.03 loss per share (vs €0.04 profit in 3Q 2021)Third quarter 2022 results: €0.03 loss per share (down from €0.04 profit in 3Q 2021). Revenue: €33.5m (down 43% from 3Q 2021). Net loss: €4.90m (down 188% from profit in 3Q 2021). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Oct 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 36%. The fair value is estimated to be €1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 54%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 39% per annum over the same time period.
Reported Earnings • Jul 21Second quarter 2022 earnings released: EPS: €0.03 (vs €0.009 in 2Q 2021)Second quarter 2022 results: EPS: €0.03 (up from €0.009 in 2Q 2021). Revenue: €27.5m (down 53% from 2Q 2021). Net income: €5.30m (up 279% from 2Q 2021). Profit margin: 19% (up from 2.4% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 27% compared to a 22% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 05Investor sentiment deteriorated over the past weekAfter last week's 58% share price decline to €2.03, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Software industry in the United Kingdom. Total returns to shareholders of 112% over the past three years.
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €4.71, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 38x in the Software industry in the United Kingdom. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.00 per share.
Buying Opportunity • Feb 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be €5.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% per annum over the last 3 years. Earnings per share has grown by 73% per annum over the last 3 years.
Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €0.08 (down from €0.081 in FY 2020). Revenue: €236.3m (up 7.3% from FY 2020). Net income: €12.7m (down 1.3% from FY 2020). Profit margin: 5.4% (down from 5.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.0%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS €0.04 (vs €0.03 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €58.7m (up 7.7% from 3Q 2020). Net income: €5.60m (up 12% from 3Q 2020). Profit margin: 9.5% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to €4.96, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 36x in the Software industry in the United Kingdom. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.65 per share.
Reported Earnings • Jul 18Second quarter 2021 earnings released: EPS €0.009 (vs €0.02 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €58.2m (up 9.8% from 2Q 2020). Net income: €1.40m (down 55% from 2Q 2020). Profit margin: 2.4% (down from 5.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 04First quarter 2021 earnings released: EPS €0.031 (vs €0.01 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €57.8m (up 5.5% from 1Q 2020). Net income: €4.90m (up 133% from 1Q 2020). Profit margin: 8.5% (up from 3.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 18Upcoming Dividend of €0.04 Per ShareWill be paid on the 8th of April to those who are registered shareholders by the 25th of March. The trailing yield of 1.0% is below the top quartile of British dividend payers (4.4%), and is lower than industry peers (1.8%).
Reported Earnings • Feb 12Full year 2020 earnings released: EPS €0.082 (vs €0.021 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €220.2m (up 1.3% from FY 2019). Net income: €12.9m (up 283% from FY 2019). Profit margin: 5.9% (up from 1.5% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 6.4%, compared to a 7.2% growth forecast for the Software industry in the United Kingdom.
Is New 90 Day High Low • Nov 16New 90-day high: €3.83The company is up 32% from its price of €2.90 on 18 August 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.17 per share.
Reported Earnings • Nov 02Third quarter 2020 earnings released: EPS €0.03The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €54.5m (up 1.3% from 3Q 2019). Net income: €5.00m (up €4.20m from 3Q 2019). Profit margin: 9.2% (up from 1.5% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 02Revenue beats expectationsRevenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 5.2%, compared to a 30% growth forecast for the Software industry in the United Kingdom.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 1.2% at €54.5m. Revenue is forecast to grow 4.9% over the next year, compared to a 31% growth forecast for the Software industry in the United Kingdom.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of €10.8m, up 339% from the prior year. Total revenue was €218.3m over the last 12 months, up 1.5% from the prior year.
Is New 90 Day High Low • Oct 05New 90-day high: €3.41The company is up 16% from its price of €2.95 on 06 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.09 per share.