View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 향후 성장Future 기준 점검 4/6WithSecure Oyj은 연간 수입과 매출이 각각 75%와 5.6% 증가할 것으로 예상되고 EPS는 연간 74.9%만큼 증가할 것으로 예상됩니다.핵심 정보75.0%이익 성장률74.86%EPS 성장률Software 이익 성장23.2%매출 성장률5.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트14 Jan 2026최근 향후 성장 업데이트Price Target Changed • Nov 14Price target increased by 23% to €1.35Up from €1.10, the current price target is an average from 2 analysts. New target price is 21% below last closing price of €1.70. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.052 last year.Price Target Changed • Aug 13Price target increased by 13% to €1.24Up from €1.10, the current price target is an average from 4 analysts. New target price is 26% below last closing price of €1.68. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.052 last year.Major Estimate Revision • Feb 19Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €155.9m to €144.0m. Losses expected to increase from €0.016 per share to €0.02. Software industry in Finland expected to see average net income growth of 16% next year. Consensus price target of €1.12 unchanged from last update. Share price rose 12% to €0.99 over the past week.Price Target Changed • Nov 17Price target decreased by 9.7% to €1.12Down from €1.24, the current price target is an average from 5 analysts. New target price is 46% above last closing price of €0.77. Stock is down 23% over the past year. The company is forecast to post a net loss per share of €0.14 next year compared to a net loss per share of €0.23 last year.Major Estimate Revision • Oct 30Consensus EPS estimates fall by 195%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.048 to -€0.142 per share. Revenue forecast unchanged at €148.5m. Software industry in Finland expected to see average net income growth of 29% next year. Consensus price target down from €1.27 to €1.24. Share price fell 3.9% to €0.82 over the past week.분석 기사 • Oct 26Analyst Estimates: Here's What Brokers Think Of WithSecure Oyj (HEL:WITH) After Its Third-Quarter ReportInvestors in WithSecure Oyj ( HEL:WITH ) had a good week, as its shares rose 2.8% to close at €0.85 following the...모든 업데이트 보기Recent updates공시 • 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.공시 • Nov 25WithSecure Oyj, Annual General Meeting, May 21, 2026WithSecure Oyj, Annual General Meeting, May 21, 2026.공시 • 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, 2026Price Target Changed • Nov 14Price target increased by 23% to €1.35Up from €1.10, the current price target is an average from 2 analysts. New target price is 21% below last closing price of €1.70. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.052 last year.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.공시 • Oct 22WithSecure Oyj(HLSE:WITH) dropped from OMX Nordic All-Share IndexWithSecure Oyj removedPrice Target Changed • Aug 13Price target increased by 13% to €1.24Up from €1.10, the current price target is an average from 4 analysts. New target price is 26% below last closing price of €1.68. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.052 last year.New Risk • Aug 08New 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 Finnish stocks, typically moving 4.7% 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.Buy Or Sell Opportunity • Aug 08Now 87% overvalued after recent price riseOver the last 90 days, the stock has risen 65% to €1.68. The fair value is estimated to be €0.89, 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.공시 • 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.Reported Earnings • Jul 17Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 8.4%. Earnings per share (EPS) missed analyst estimates by 200%. Revenue is forecast to grow 5.7% 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 increased by 44% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 27First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 200%. Revenue is forecast to grow 7.1% 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 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.분석 기사 • Apr 17WithSecure Oyj's (HEL:WITH) Intrinsic Value Is Potentially 37% Above Its Share PriceKey Insights The projected fair value for WithSecure Oyj is €1.28 based on 2 Stage Free Cash Flow to Equity WithSecure...New Risk • Mar 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 6.2% 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. This is currently the only risk that has been identified for the company.Major Estimate Revision • Feb 19Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €155.9m to €144.0m. Losses expected to increase from €0.016 per share to €0.02. Software industry in Finland expected to see average net income growth of 16% next year. Consensus price target of €1.12 unchanged from last update. Share price rose 12% to €0.99 over the past week.Reported Earnings • Feb 13Full year 2024 earnings: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. 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 40% per year, which means it is significantly lagging earnings.분석 기사 • Feb 13WithSecure Oyj's (HEL:WITH) Share Price Boosted 25% But Its Business Prospects Need A Lift TooWithSecure Oyj ( HEL:WITH ) shareholders would be excited to see that the share price has had a great month, posting a...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.공시 • 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.공시 • 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.공시 • Nov 26WithSecure Oyj, Annual General Meeting, Mar 18, 2025WithSecure Oyj, Annual General Meeting, Mar 18, 2025.Price Target Changed • Nov 17Price target decreased by 9.7% to €1.12Down from €1.24, the current price target is an average from 5 analysts. New target price is 46% above last closing price of €0.77. Stock is down 23% over the past year. The company is forecast to post a net loss per share of €0.14 next year compared to a net loss per share of €0.23 last year.New Risk • Nov 04New 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 5.1% 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. This is currently the only risk that has been identified for the company.분석 기사 • Nov 02WithSecure Oyj (HEL:WITH) Not Doing Enough For Some Investors As Its Shares Slump 26%WithSecure Oyj ( HEL:WITH ) shareholders that were waiting for something to happen have been dealt a blow with a 26...Major Estimate Revision • Oct 30Consensus EPS estimates fall by 195%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.048 to -€0.142 per share. Revenue forecast unchanged at €148.5m. Software industry in Finland expected to see average net income growth of 29% next year. Consensus price target down from €1.27 to €1.24. Share price fell 3.9% to €0.82 over the past week.분석 기사 • Oct 26Analyst Estimates: Here's What Brokers Think Of WithSecure Oyj (HEL:WITH) After Its Third-Quarter ReportInvestors in WithSecure Oyj ( HEL:WITH ) had a good week, as its shares rose 2.8% to close at €0.85 following the...Price Target Changed • Oct 24Price target decreased by 8.1% to €1.25Down from €1.36, the current price target is an average from 5 analysts. New target price is 47% above last closing price of €0.85. Stock is up 8.0% over the past year. The company is forecast to post a net loss per share of €0.14 next year compared to a net loss per share of €0.23 last year.공시 • Oct 24F-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 24Third quarter 2024 earnings: EPS misses analyst expectationsThird 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. 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.공시 • Oct 24+ 4 more updatesWithSecure Oyj to Report First Half, 2025 Results on Jul 18, 2025WithSecure Oyj announced that they will report first half, 2025 results on Jul 18, 2025Major Estimate Revision • Oct 15Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.043 to -€0.048 per share. Revenue forecast unchanged at €149.1m. Software industry in Finland expected to see average net income growth of 43% next year. Consensus price target down from €1.36 to €1.27. Share price fell 12% to €0.87 over the past week.공시 • 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.Major Estimate Revision • Jul 23Consensus EPS estimates fall by 33%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.032 to -€0.043 per share. Revenue forecast unchanged at €150.6m. Software industry in Finland expected to see average net income growth of 36% next year. Consensus price target of €1.32 unchanged from last update. Share price rose 4.0% to €1.08 over the past week.분석 기사 • Jul 19WithSecure Oyj (HEL:WITH) Second-Quarter Results: Here's What Analysts Are Forecasting For This YearAs you might know, WithSecure Oyj ( HEL:WITH ) recently reported its second-quarter numbers. Revenues came in at €37m...Reported Earnings • Jul 17Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond 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 13% growth forecast for the Software industry in Finland. 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 37% per year, which means it is performing significantly worse than earnings.공시 • 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.공시 • 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.공시 • 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.Reported Earnings • Apr 25First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: €0.012 loss per share (improved from €0.06 loss in 1Q 2023). Revenue: €36.2m (up 2.9% from 1Q 2023). Net loss: €2.16m (loss narrowed 81% from 1Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 36% per year and the company’s share price has also fallen by 36% per year.공시 • 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.공시 • 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.공시 • 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.분석 기사 • Mar 14WithSecure Oyj's (HEL:WITH) CEO Might Not Expect Shareholders To Be So Generous This YearKey Insights WithSecure Oyj will host its Annual General Meeting on 20th of March Salary of €510.0k is part of CEO...Reported Earnings • Feb 13Full year 2023 earnings: EPS misses analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Finland. 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.공시 • 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.분석 기사 • Dec 22Is WithSecure Oyj (HEL:WITH) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Price Target Changed • Oct 30Price target decreased by 7.4% to €1.36Down from €1.47, the current price target is an average from 6 analysts. New target price is 76% above last closing price of €0.77. Stock is down 53% over the past year. The company is forecast to post a net loss per share of €0.18 next year compared to a net loss per share of €0.22 last year.공시 • Oct 25+ 4 more updatesWithSecure Oyj, Annual General Meeting, Mar 13, 2024WithSecure Oyj, Annual General Meeting, Mar 13, 2024.공시 • 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: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. 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.공시 • 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).분석 기사 • Sep 03Is WithSecure Oyj (HEL:WITH) Weighed On By Its Debt Load?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Major Estimate Revision • Jul 20Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €150.2m to €148.6m. Losses expected to increase from €0.14 per share to €0.16. Software industry in Finland expected to see average net income growth of 18% next year. Consensus price target down from €1.77 to €1.63. Share price fell 6.3% to €1.10 over the past week.Price Target Changed • Jul 17Price target decreased by 7.5% to €1.63Down from €1.77, the current price target is an average from 6 analysts. New target price is 53% above last closing price of €1.07. Stock is down 53% over the past year. The company is forecast to post a net loss per share of €0.16 next year compared to a net loss per share of €0.22 last year.Reported Earnings • Jul 14Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond 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 missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 150%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. 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.공시 • 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.New Risk • Jun 23New 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 6.2% 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. This is currently the only risk that has been identified for the company.Major Estimate Revision • Apr 27Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.112 to -€0.138 per share. Revenue forecast unchanged at €153.1m. Software industry in Finland expected to see average net income growth of 24% next year. Consensus price target broadly unchanged at €1.87. Share price rose 5.6% to €1.50 over the past week.Reported Earnings • Apr 20First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 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.Price Target Changed • Mar 30Price target decreased by 8.1% to €1.89Down from €2.06, the current price target is an average from 6 analysts. New target price is 27% above last closing price of €1.49. The company is forecast to post a net loss per share of €0.11 next year compared to a net loss per share of €0.22 last year.Price Target Changed • Feb 20Price target increased by 7.6% to €2.06Up from €1.91, the current price target is an average from 6 analysts. New target price is 21% above last closing price of €1.70. The company is forecast to post a net loss per share of €0.10 next year compared to a net loss per share of €0.22 last year.분석 기사 • Feb 15Is WithSecure Oyj (HEL:WITH) Using Debt Sensibly?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...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 11% growth forecast for the Software industry in Finland. 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.공시 • 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).공시 • 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, 2023Price Target Changed • Nov 16Price target decreased to €2.08Down from €2.38, the current price target is an average from 5 analysts. New target price is 34% above last closing price of €1.56. The company is forecast to post a net loss per share of €0.21 compared to earnings per share of €0.08 last year.Major Estimate Revision • Nov 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -€0.24 to -€0.21 per share. Revenue forecast steady at €135.2m. Software industry in Finland expected to see average net income growth of 33% next year. Consensus price target down from €2.38 to €2.12. Share price fell 3.0% to €1.57 over the past week.공시 • 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, 2023Price Target Changed • Oct 28Price target decreased to €2.12Down from €2.38, the current price target is an average from 5 analysts. New target price is 29% above last closing price of €1.64. The company is forecast to post a net loss per share of €0.24 compared to earnings per share of €0.08 last year.Reported Earnings • Oct 27Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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 missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 7.2% 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 45% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Buying Opportunity • Oct 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €1.97, 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.Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -€0.22 to -€0.24 per share. Revenue forecast unchanged at €136.4m. Software industry in Finland expected to see average net income growth of 24% next year. Consensus price target of €2.33 unchanged from last update. Share price fell 2.3% to €1.77 over the past week.Reported Earnings • Jul 21Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond 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. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is expected to shrink by 27% compared to a 16% growth forecast for the industry in Finland. 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 20Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to €1.80, the stock trades at a trailing P/E ratio of 66.7x. Average forward P/E is 13x in the Software industry in Finland. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.67 per share.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 56% share price decline to €2.14, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 42x in the Software industry in Finland. Total returns to shareholders of 110% over the past three years.분석 기사 • Jun 14Time To Worry? Analysts Just Downgraded Their WithSecure Oyj (HEL:FSC1V) OutlookOne thing we could say about the analysts on WithSecure Oyj ( HEL:FSC1V ) - they aren't optimistic, having just made a...Major Estimate Revision • Jun 07Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.05 to €0.02 per share. Revenue forecast steady at €249.0m. Net income forecast to grow 63% next year vs 24% growth forecast for Software industry in Finland. Consensus price target of €5.60 unchanged from last update. Share price was steady at €5.05 over the past week.분석 기사 • May 06A Look At The Fair Value Of WithSecure Oyj (HEL:FSC1V)How far off is WithSecure Oyj ( HEL:FSC1V ) from its intrinsic value? Using the most recent financial data, we'll take...Valuation Update With 7 Day Price Move • Mar 30Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €4.66, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 40x in the Software industry in Finland. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.31 per share.분석 기사 • Mar 14F-Secure Oyj's (HEL:FSC1V) Returns On Capital Not Reflecting Well On The BusinessFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...이익 및 매출 성장 예측HLSE:WITH - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281417717112/31/202713331115112/31/2026125N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: WITH 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(2%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: WITH (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: WITH 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: WITH 의 수익(연간 5.6%)이 Finnish 시장(연간 4.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: WITH 의 수익(연간 5.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: WITH의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/01/26 00:16종가2026/01/26 00:00수익2025/09/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스WithSecure Oyj는 7명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Matti RiikonenCarnegie Investment Bank ABMikko ErvastiEvli Bank plcMikael RautanenInderes Oy4명의 분석가 더 보기
Price Target Changed • Nov 14Price target increased by 23% to €1.35Up from €1.10, the current price target is an average from 2 analysts. New target price is 21% below last closing price of €1.70. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.052 last year.
Price Target Changed • Aug 13Price target increased by 13% to €1.24Up from €1.10, the current price target is an average from 4 analysts. New target price is 26% below last closing price of €1.68. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.052 last year.
Major Estimate Revision • Feb 19Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €155.9m to €144.0m. Losses expected to increase from €0.016 per share to €0.02. Software industry in Finland expected to see average net income growth of 16% next year. Consensus price target of €1.12 unchanged from last update. Share price rose 12% to €0.99 over the past week.
Price Target Changed • Nov 17Price target decreased by 9.7% to €1.12Down from €1.24, the current price target is an average from 5 analysts. New target price is 46% above last closing price of €0.77. Stock is down 23% over the past year. The company is forecast to post a net loss per share of €0.14 next year compared to a net loss per share of €0.23 last year.
Major Estimate Revision • Oct 30Consensus EPS estimates fall by 195%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.048 to -€0.142 per share. Revenue forecast unchanged at €148.5m. Software industry in Finland expected to see average net income growth of 29% next year. Consensus price target down from €1.27 to €1.24. Share price fell 3.9% to €0.82 over the past week.
분석 기사 • Oct 26Analyst Estimates: Here's What Brokers Think Of WithSecure Oyj (HEL:WITH) After Its Third-Quarter ReportInvestors in WithSecure Oyj ( HEL:WITH ) had a good week, as its shares rose 2.8% to close at €0.85 following the...
공시 • 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.
공시 • Nov 25WithSecure Oyj, Annual General Meeting, May 21, 2026WithSecure Oyj, Annual General Meeting, May 21, 2026.
공시 • 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
Price Target Changed • Nov 14Price target increased by 23% to €1.35Up from €1.10, the current price target is an average from 2 analysts. New target price is 21% below last closing price of €1.70. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.052 last year.
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.
Price Target Changed • Aug 13Price target increased by 13% to €1.24Up from €1.10, the current price target is an average from 4 analysts. New target price is 26% below last closing price of €1.68. The company is forecast to post a net loss per share of €0.04 next year compared to a net loss per share of €0.052 last year.
New Risk • Aug 08New 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 Finnish stocks, typically moving 4.7% 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.
Buy Or Sell Opportunity • Aug 08Now 87% overvalued after recent price riseOver the last 90 days, the stock has risen 65% to €1.68. The fair value is estimated to be €0.89, 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.
공시 • 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.
Reported Earnings • Jul 17Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 8.4%. Earnings per share (EPS) missed analyst estimates by 200%. Revenue is forecast to grow 5.7% 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 increased by 44% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 27First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 200%. Revenue is forecast to grow 7.1% 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 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.
분석 기사 • Apr 17WithSecure Oyj's (HEL:WITH) Intrinsic Value Is Potentially 37% Above Its Share PriceKey Insights The projected fair value for WithSecure Oyj is €1.28 based on 2 Stage Free Cash Flow to Equity WithSecure...
New Risk • Mar 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 6.2% 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. This is currently the only risk that has been identified for the company.
Major Estimate Revision • Feb 19Consensus EPS estimates fall by 23%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €155.9m to €144.0m. Losses expected to increase from €0.016 per share to €0.02. Software industry in Finland expected to see average net income growth of 16% next year. Consensus price target of €1.12 unchanged from last update. Share price rose 12% to €0.99 over the past week.
Reported Earnings • Feb 13Full year 2024 earnings: EPS and revenues miss analyst expectationsFull 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 missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. 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 40% per year, which means it is significantly lagging earnings.
분석 기사 • Feb 13WithSecure Oyj's (HEL:WITH) Share Price Boosted 25% But Its Business Prospects Need A Lift TooWithSecure Oyj ( HEL:WITH ) shareholders would be excited to see that the share price has had a great month, posting a...
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.
공시 • 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.
공시 • 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.
공시 • Nov 26WithSecure Oyj, Annual General Meeting, Mar 18, 2025WithSecure Oyj, Annual General Meeting, Mar 18, 2025.
Price Target Changed • Nov 17Price target decreased by 9.7% to €1.12Down from €1.24, the current price target is an average from 5 analysts. New target price is 46% above last closing price of €0.77. Stock is down 23% over the past year. The company is forecast to post a net loss per share of €0.14 next year compared to a net loss per share of €0.23 last year.
New Risk • Nov 04New 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 5.1% 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. This is currently the only risk that has been identified for the company.
분석 기사 • Nov 02WithSecure Oyj (HEL:WITH) Not Doing Enough For Some Investors As Its Shares Slump 26%WithSecure Oyj ( HEL:WITH ) shareholders that were waiting for something to happen have been dealt a blow with a 26...
Major Estimate Revision • Oct 30Consensus EPS estimates fall by 195%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.048 to -€0.142 per share. Revenue forecast unchanged at €148.5m. Software industry in Finland expected to see average net income growth of 29% next year. Consensus price target down from €1.27 to €1.24. Share price fell 3.9% to €0.82 over the past week.
분석 기사 • Oct 26Analyst Estimates: Here's What Brokers Think Of WithSecure Oyj (HEL:WITH) After Its Third-Quarter ReportInvestors in WithSecure Oyj ( HEL:WITH ) had a good week, as its shares rose 2.8% to close at €0.85 following the...
Price Target Changed • Oct 24Price target decreased by 8.1% to €1.25Down from €1.36, the current price target is an average from 5 analysts. New target price is 47% above last closing price of €0.85. Stock is up 8.0% over the past year. The company is forecast to post a net loss per share of €0.14 next year compared to a net loss per share of €0.23 last year.
공시 • Oct 24F-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 24Third quarter 2024 earnings: EPS misses analyst expectationsThird 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. 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.
공시 • Oct 24+ 4 more updatesWithSecure Oyj to Report First Half, 2025 Results on Jul 18, 2025WithSecure Oyj announced that they will report first half, 2025 results on Jul 18, 2025
Major Estimate Revision • Oct 15Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.043 to -€0.048 per share. Revenue forecast unchanged at €149.1m. Software industry in Finland expected to see average net income growth of 43% next year. Consensus price target down from €1.36 to €1.27. Share price fell 12% to €0.87 over the past week.
공시 • 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.
Major Estimate Revision • Jul 23Consensus EPS estimates fall by 33%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.032 to -€0.043 per share. Revenue forecast unchanged at €150.6m. Software industry in Finland expected to see average net income growth of 36% next year. Consensus price target of €1.32 unchanged from last update. Share price rose 4.0% to €1.08 over the past week.
분석 기사 • Jul 19WithSecure Oyj (HEL:WITH) Second-Quarter Results: Here's What Analysts Are Forecasting For This YearAs you might know, WithSecure Oyj ( HEL:WITH ) recently reported its second-quarter numbers. Revenues came in at €37m...
Reported Earnings • Jul 17Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond 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 13% growth forecast for the Software industry in Finland. 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 37% per year, which means it is performing significantly worse than earnings.
공시 • 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.
공시 • 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.
공시 • 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.
Reported Earnings • Apr 25First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: €0.012 loss per share (improved from €0.06 loss in 1Q 2023). Revenue: €36.2m (up 2.9% from 1Q 2023). Net loss: €2.16m (loss narrowed 81% from 1Q 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. Over the last 3 years on average, earnings per share has fallen by 36% per year and the company’s share price has also fallen by 36% per year.
공시 • 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.
공시 • 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.
공시 • 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.
분석 기사 • Mar 14WithSecure Oyj's (HEL:WITH) CEO Might Not Expect Shareholders To Be So Generous This YearKey Insights WithSecure Oyj will host its Annual General Meeting on 20th of March Salary of €510.0k is part of CEO...
Reported Earnings • Feb 13Full year 2023 earnings: EPS misses analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Finland. 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.
공시 • 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.
분석 기사 • Dec 22Is WithSecure Oyj (HEL:WITH) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Price Target Changed • Oct 30Price target decreased by 7.4% to €1.36Down from €1.47, the current price target is an average from 6 analysts. New target price is 76% above last closing price of €0.77. Stock is down 53% over the past year. The company is forecast to post a net loss per share of €0.18 next year compared to a net loss per share of €0.22 last year.
공시 • Oct 25+ 4 more updatesWithSecure Oyj, Annual General Meeting, Mar 13, 2024WithSecure Oyj, Annual General Meeting, Mar 13, 2024.
공시 • 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: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland. 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.
공시 • 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).
분석 기사 • Sep 03Is WithSecure Oyj (HEL:WITH) Weighed On By Its Debt Load?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Major Estimate Revision • Jul 20Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €150.2m to €148.6m. Losses expected to increase from €0.14 per share to €0.16. Software industry in Finland expected to see average net income growth of 18% next year. Consensus price target down from €1.77 to €1.63. Share price fell 6.3% to €1.10 over the past week.
Price Target Changed • Jul 17Price target decreased by 7.5% to €1.63Down from €1.77, the current price target is an average from 6 analysts. New target price is 53% above last closing price of €1.07. Stock is down 53% over the past year. The company is forecast to post a net loss per share of €0.16 next year compared to a net loss per share of €0.22 last year.
Reported Earnings • Jul 14Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond 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 missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 150%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. 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.
공시 • 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.
New Risk • Jun 23New 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 6.2% 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. This is currently the only risk that has been identified for the company.
Major Estimate Revision • Apr 27Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.112 to -€0.138 per share. Revenue forecast unchanged at €153.1m. Software industry in Finland expected to see average net income growth of 24% next year. Consensus price target broadly unchanged at €1.87. Share price rose 5.6% to €1.50 over the past week.
Reported Earnings • Apr 20First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst 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 missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 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.
Price Target Changed • Mar 30Price target decreased by 8.1% to €1.89Down from €2.06, the current price target is an average from 6 analysts. New target price is 27% above last closing price of €1.49. The company is forecast to post a net loss per share of €0.11 next year compared to a net loss per share of €0.22 last year.
Price Target Changed • Feb 20Price target increased by 7.6% to €2.06Up from €1.91, the current price target is an average from 6 analysts. New target price is 21% above last closing price of €1.70. The company is forecast to post a net loss per share of €0.10 next year compared to a net loss per share of €0.22 last year.
분석 기사 • Feb 15Is WithSecure Oyj (HEL:WITH) Using Debt Sensibly?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
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 11% growth forecast for the Software industry in Finland. 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.
공시 • 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).
공시 • 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
Price Target Changed • Nov 16Price target decreased to €2.08Down from €2.38, the current price target is an average from 5 analysts. New target price is 34% above last closing price of €1.56. The company is forecast to post a net loss per share of €0.21 compared to earnings per share of €0.08 last year.
Major Estimate Revision • Nov 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -€0.24 to -€0.21 per share. Revenue forecast steady at €135.2m. Software industry in Finland expected to see average net income growth of 33% next year. Consensus price target down from €2.38 to €2.12. Share price fell 3.0% to €1.57 over the past week.
공시 • 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
Price Target Changed • Oct 28Price target decreased to €2.12Down from €2.38, the current price target is an average from 5 analysts. New target price is 29% above last closing price of €1.64. The company is forecast to post a net loss per share of €0.24 compared to earnings per share of €0.08 last year.
Reported Earnings • Oct 27Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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 missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 7.2% 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 45% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Oct 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €1.97, 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.
Major Estimate Revision • Aug 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -€0.22 to -€0.24 per share. Revenue forecast unchanged at €136.4m. Software industry in Finland expected to see average net income growth of 24% next year. Consensus price target of €2.33 unchanged from last update. Share price fell 2.3% to €1.77 over the past week.
Reported Earnings • Jul 21Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond 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. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is expected to shrink by 27% compared to a 16% growth forecast for the industry in Finland. 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 20Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to €1.80, the stock trades at a trailing P/E ratio of 66.7x. Average forward P/E is 13x in the Software industry in Finland. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.67 per share.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorated over the past weekAfter last week's 56% share price decline to €2.14, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 42x in the Software industry in Finland. Total returns to shareholders of 110% over the past three years.
분석 기사 • Jun 14Time To Worry? Analysts Just Downgraded Their WithSecure Oyj (HEL:FSC1V) OutlookOne thing we could say about the analysts on WithSecure Oyj ( HEL:FSC1V ) - they aren't optimistic, having just made a...
Major Estimate Revision • Jun 07Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.05 to €0.02 per share. Revenue forecast steady at €249.0m. Net income forecast to grow 63% next year vs 24% growth forecast for Software industry in Finland. Consensus price target of €5.60 unchanged from last update. Share price was steady at €5.05 over the past week.
분석 기사 • May 06A Look At The Fair Value Of WithSecure Oyj (HEL:FSC1V)How far off is WithSecure Oyj ( HEL:FSC1V ) from its intrinsic value? Using the most recent financial data, we'll take...
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €4.66, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 40x in the Software industry in Finland. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.31 per share.
분석 기사 • Mar 14F-Secure Oyj's (HEL:FSC1V) Returns On Capital Not Reflecting Well On The BusinessFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...