SWX:WIHN

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WISeKey International Holding

Market Cap

CHF116.1m

Last Updated

2021/06/13 17:11 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Excellent balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has WISeKey International Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WIHN is more volatile than 90% of Swiss stocks over the past 3 months, typically moving +/- 25% a week.

Volatility Over Time: WIHN's weekly volatility has increased from 16% to 25% over the past year.


Market Performance


7 Day Return

7.1%

WIHN

2.4%

CH Semiconductor

1.9%

CH Market


1 Year Return

-4.7%

WIHN

79.1%

CH Semiconductor

22.7%

CH Market

Return vs Industry: WIHN underperformed the Swiss Semiconductor industry which returned 79% over the past year.

Return vs Market: WIHN underperformed the Swiss Market which returned 22.7% over the past year.


Shareholder returns

WIHNIndustryMarket
7 Day7.1%2.4%1.9%
30 Day9.9%10.8%7.3%
90 Day23.4%19.5%8.9%
1 Year-4.7%-4.7%80.4%79.1%26.2%22.7%
3 Year-68.5%-68.5%114.8%100.1%43.1%27.4%
5 Year-59.5%-59.5%376.1%327.9%76.3%44.2%

Long-Term Price Volatility Vs. Market

How volatile is WISeKey International Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is WISeKey International Holding undervalued compared to its fair value and its price relative to the market?

5.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WIHN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WIHN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WIHN is unprofitable, so we can't compare its PE Ratio to the European Semiconductor industry average.

PE vs Market: WIHN is unprofitable, so we can't compare its PE Ratio to the Swiss market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WIHN is overvalued based on its PB Ratio (5.2x) compared to the XE Semiconductor industry average (4x).


Future Growth

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

16.5%

Forecasted Semiconductors industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if WIHN's forecast earnings growth is above the savings rate (-0.3%).

Earnings vs Market: Insufficient data to determine if WIHN's earnings are forecast to grow faster than the Swiss market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if WIHN's revenue is forecast to grow faster than the Swiss market.

High Growth Revenue: Insufficient data to determine if WIHN's revenue is forecast to grow faster 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


Past Performance

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

0.5%

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, but has reduced losses over the past 5 years at a rate of 0.5% 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 (13.9%).


Return on Equity

High ROE: WIHN has a negative Return on Equity (-200.38%), as it is currently unprofitable.


Financial Health

How is WISeKey International Holding's financial position?


Financial Position Analysis

Short Term Liabilities: WIHN's short term assets ($38.7M) exceed its short term liabilities ($25.0M).

Long Term Liabilities: WIHN's short term assets ($38.7M) exceed its long term liabilities ($13.5M).


Debt to Equity History and Analysis

Debt Level: WIHN's debt to equity ratio (99%) is considered high.

Reducing Debt: WIHN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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 years if free cash flow continues to reduce at historical rates of 16.8% each year.


Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WIHN's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Carlos Moreira (62 yo)

no data

Tenure

US$3,979,655

Compensation

Mr. Carlos Creus Moreira founded WISeKey International Holding Ltd in 1999 and has been 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 ($USD3.98M) is above average for companies of similar size in the Swiss market ($USD493.32K).

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 ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: WIHN's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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 substantially diluted in the past year, with total shares outstanding growing by 86%.


Top Shareholders

Company Information

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


Key Information

  • Name: WISeKey International Holding AG
  • Ticker: WIHN
  • Exchange: SWX
  • Founded: 1999
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: CHF116.127m
  • Shares outstanding: 77.16m
  • 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


Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/13 17:11
End of Day Share Price2021/06/11 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.