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WIHN

WISeKey International Holding SWX:WIHN Stock Report

Last Price

CHF0.28

Market Cap

CHF32.1m

7D

12.0%

1Y

-80.2%

Updated

26 Jun, 2022

Data

Company Financials +
WIHN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health6/6
Dividends0/6

WIHN Stock Overview

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions for the internet of things (IoT) and digital identity ecosystems in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America.

WISeKey International Holding Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for WISeKey International Holding
Historical stock prices
Current Share PriceCHF0.28
52 Week HighCHF1.71
52 Week LowCHF0.25
Beta1.88
1 Month Change-10.69%
3 Month Change-46.36%
1 Year Change-80.21%
3 Year Change-88.62%
5 Year Change-90.21%
Change since IPO-98.13%

Recent News & Updates

Shareholder Returns

WIHNCH SemiconductorCH Market
7D12.0%5.7%3.4%
1Y-80.2%-17.3%-12.4%

Return vs Industry: WIHN underperformed the Swiss Semiconductor industry which returned -17.3% over the past year.

Return vs Market: WIHN underperformed the Swiss Market which returned -12.4% over the past year.

Price Volatility

Is WIHN's price volatile compared to industry and market?
WIHN volatility
WIHN Average Weekly Movement9.3%
Semiconductor Industry Average Movement7.6%
Market Average Movement4.6%
10% most volatile stocks in CH Market7.6%
10% least volatile stocks in CH Market2.4%

Stable Share Price: WIHN is more volatile than 90% of Swiss stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: WIHN's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Swiss stocks.

About the Company

FoundedEmployeesCEOWebsite
1999136Carlos Moreirahttps://www.wisekey.com

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions for the internet of things (IoT) and digital identity ecosystems in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates through three segments: IoT, Artificial Intelligence (AI), and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services.

WISeKey International Holding Fundamentals Summary

How do WISeKey International Holding's earnings and revenue compare to its market cap?
WIHN fundamental statistics
Market CapUS$33.61m
Earnings (TTM)-US$20.34m
Revenue (TTM)US$22.26m

1.5x

P/S Ratio

-1.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WIHN income statement (TTM)
RevenueUS$22.26m
Cost of RevenueUS$12.87m
Gross ProfitUS$9.39m
Other ExpensesUS$29.73m
Earnings-US$20.34m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 30, 2022

Earnings per share (EPS)-0.18
Gross Margin42.18%
Net Profit Margin-91.38%
Debt/Equity Ratio43.9%

How did WIHN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is WIHN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WIHN?

Other financial metrics that can be useful for relative valuation.

WIHN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA-1.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does WIHN's PS Ratio compare to its peers?

WIHN PS Ratio vs Peers
The above table shows the PS ratio for WIHN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x

Price-To-Sales vs Peers: WIHN is expensive based on its Price-To-Sales Ratio (1.5x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

How does WIHN's PE Ratio compare vs other companies in the Semiconductor Industry?

Price-To-Sales vs Industry: WIHN is good value based on its Price-To-Sales Ratio (1.5x) compared to the European Semiconductor industry average (3.1x)


Price to Sales Ratio vs Fair Ratio

What is WIHN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WIHN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: WIHN is expensive based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).


Share Price vs Fair Value

What is the Fair Price of WIHN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate WIHN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate WIHN's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WIHN's PEG Ratio to determine if it is good value.


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Future Growth

How is WISeKey International Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WIHN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: WIHN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: WIHN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: WIHN's revenue (6.3% per year) is forecast to grow faster than the Swiss market (4.3% per year).

High Growth Revenue: WIHN's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WIHN's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has WISeKey International Holding performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WIHN is currently unprofitable.

Growing Profit Margin: WIHN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WIHN is unprofitable, and losses have increased over the past 5 years at a rate of 8.5% per year.

Accelerating Growth: Unable to compare WIHN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WIHN is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (86.7%).


Return on Equity

High ROE: WIHN has a negative Return on Equity (-58.23%), as it is currently unprofitable.


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Financial Health

How is WISeKey International Holding's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: WIHN's short term assets ($42.5M) exceed its short term liabilities ($24.8M).

Long Term Liabilities: WIHN's short term assets ($42.5M) exceed its long term liabilities ($22.7M).


Debt to Equity History and Analysis

Debt Level: WIHN has more cash than its total debt.

Reducing Debt: WIHN's debt to equity ratio has reduced from 442.9% to 43.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: WIHN has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: WIHN has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 16.6% each year.


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Dividend

What is WISeKey International Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate WIHN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WIHN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WIHN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WIHN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WIHN has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Carlos Moreira (63 yo)

23.42yrs

Tenure

US$6,093,615

Compensation

Mr. Carlos Creus Moreira founded WISeKey International Holding AG in 1999 and serves as its Chairman & Chief Executive Officer. He was President at WISeKey International Holding Ltd. Mr. Moreira serves as...


CEO Compensation Analysis

Compensation vs Market: Carlos's total compensation ($USD6.09M) is above average for companies of similar size in the Swiss market ($USD494.41K).

Compensation vs Earnings: Carlos's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: WIHN's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: WIHN's board of directors are seasoned and experienced ( 10.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.5%.


Top Shareholders

Company Information

WISeKey International Holding AG's employee growth, exchange listings and data sources


Key Information

  • Name: WISeKey International Holding AG
  • Ticker: WIHN
  • Exchange: SWX
  • Founded: 1999
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: CHF32.084m
  • Shares outstanding: 114.59m
  • Website: https://www.wisekey.com

Number of Employees


Location

  • WISeKey International Holding AG
  • General-Guisan-Strasse 6
  • PO Box 3467
  • Zug
  • Zug
  • 6303
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.