YSN

secunet Security NetworksXTRA:YSN Stock Report

Market Cap

€3.0b

7D

0.1%

1Y

61.6%

Updated

17 Sep, 2021

Data

Company Financials +
YSN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance6/6
Financial Health6/6
Dividends2/6

YSN Overview

secunet Security Networks Aktiengesellschaft operates as a cybersecurity company in Germany and internationally.

Rewards

Earnings are forecast to grow 3.13% per year

Earnings grew by 57.5% over the past year

Risk Analysis

No risks detected for YSN from our risk checks.

secunet Security Networks Competitors

Price History & Performance

Summary of all time highs, changes and price drops for secunet Security Networks
Historical stock prices
Current Share Price€460.50
52 Week High€221.00
52 Week Low€516.00
Beta0.98
1 Month Change0.22%
3 Month Change22.47%
1 Year Change61.58%
3 Year Change286.97%
5 Year Change1,179.17%
Change since IPO2,022.12%

Recent News & Updates

Sep 10
Here's Why I Think secunet Security Networks (ETR:YSN) Might Deserve Your Attention Today

Here's Why I Think secunet Security Networks (ETR:YSN) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Aug 20
What Does secunet Security Networks Aktiengesellschaft's (ETR:YSN) Share Price Indicate?

What Does secunet Security Networks Aktiengesellschaft's (ETR:YSN) Share Price Indicate?

secunet Security Networks Aktiengesellschaft ( ETR:YSN ), is not the largest company out there, but it saw a...

Jul 30
secunet Security Networks (ETR:YSN) Is Investing Its Capital With Increasing Efficiency

secunet Security Networks (ETR:YSN) Is Investing Its Capital With Increasing Efficiency

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...

Jun 02
Is Now The Time To Put secunet Security Networks (ETR:YSN) On Your Watchlist?

Is Now The Time To Put secunet Security Networks (ETR:YSN) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

YSNDE ITDE Market
7D0.1%-0.03%-1.2%
1Y61.6%22.0%22.3%

Return vs Industry: YSN exceeded the German IT industry which returned 24% over the past year.

Return vs Market: YSN exceeded the German Market which returned 22.4% over the past year.

Price Volatility

Is YSN's price volatile compared to industry and market?
YSN volatility
YSN Beta0.98
Industry Beta1.16
Market Beta1

Stable Share Price: YSN is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: YSN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997730Axel Deiningerhttps://www.secunet.com

secunet Security Networks Aktiengesellschaft operates as a cybersecurity company in Germany and internationally. The company offers secunet biomiddle, a middleware for biometric systems and electronic ID (eID) documents; secunet bocoa, an intuitive border control application for stationary and mobile use; secunet compass, an information security management system; secunet CryptoServices; secunet easygate, an automated border control system; and secunet easykiosk, an automated system that collects, processes, and forwards relevant personal data. It also provides secunet easytower for biometric acquisition at stationary border control; secunet edge, an edge computing solution; eID public key infrastructure for automotive applications; secunet GlobalTester, an open-source-based test tool for smart cards and document readers; secunet Golden Reader Tool for secure read-outs of eID documents and their authentication; hardware security modules; secunet konnektor for healthcare telematics; protect4use for secure authentication to protect digital identity; secunet safe surfer to run external and unknown content in a surfing environment isolated from the internal network; and secunet Session Border Controller that filters audio and video protocols.

Valuation

Is secunet Security Networks undervalued compared to its fair value and its price relative to the market?

74.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: YSN (€460.5) is trading above our estimate of fair value (€213.74)

Significantly Below Fair Value: YSN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: YSN is poor value based on its PE Ratio (74.4x) compared to the German IT industry average (38x).

PE vs Market: YSN is poor value based on its PE Ratio (74.4x) compared to the German market (23.2x).


Price to Earnings Growth Ratio

PEG Ratio: YSN is poor value based on its PEG Ratio (23.7x)


Price to Book Ratio

PB vs Industry: YSN is overvalued based on its PB Ratio (29x) compared to the DE IT industry average (4x).


Future Growth

How is secunet Security Networks forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YSN's forecast earnings growth (3.1% per year) is above the savings rate (0.01%).

Earnings vs Market: YSN's earnings (3.1% per year) are forecast to grow slower than the German market (13% per year).

High Growth Earnings: YSN's earnings are forecast to grow, but not significantly.

Revenue vs Market: YSN's revenue (7.1% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: YSN's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YSN's Return on Equity is forecast to be high in 3 years time (29%)


Past Performance

How has secunet Security Networks performed over the past 5 years?

28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YSN has high quality earnings.

Growing Profit Margin: YSN's current net profit margins (12.5%) are higher than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: YSN's earnings have grown significantly by 28.7% per year over the past 5 years.

Accelerating Growth: YSN's earnings growth over the past year (57.5%) exceeds its 5-year average (28.7% per year).

Earnings vs Industry: YSN earnings growth over the past year (57.5%) exceeded the IT industry 35.1%.


Return on Equity

High ROE: YSN's Return on Equity (38.8%) is considered high.


Financial Health

How is secunet Security Networks's financial position?


Financial Position Analysis

Short Term Liabilities: YSN's short term assets (€174.9M) exceed its short term liabilities (€83.6M).

Long Term Liabilities: YSN's short term assets (€174.9M) exceed its long term liabilities (€52.1M).


Debt to Equity History and Analysis

Debt Level: YSN is debt free.

Reducing Debt: YSN had no debt 5 years ago.

Debt Coverage: YSN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: YSN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is secunet Security Networks's current dividend yield, its reliability and sustainability?

0.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: YSN's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the German market (0.98%).

High Dividend: YSN's dividend (0.55%) is low compared to the top 25% of dividend payers in the German market (3.17%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, YSN has been paying a dividend for less than 10 years.

Growing Dividend: YSN's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41%), YSN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: YSN's dividends in 3 years are forecast to be covered by earnings (50% payout ratio).


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

Axel Deininger (50 yo)

2.25yrs

Tenure

€577,606

Compensation

Mr. Axel Deininger has been Chairman of the Management Board and Chief Executive Officer at secunet Security Networks Aktiengesellschaft since June 1, 2019. He serves as Chief Executive Officer of Secunet...


CEO Compensation Analysis

Compensation vs Market: Axel's total compensation ($USD678.02K) is below average for companies of similar size in the German market ($USD2.09M).

Compensation vs Earnings: Axel's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: YSN's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: YSN's board of directors are considered experienced (3.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

secunet Security Networks Aktiengesellschaft's employee growth, exchange listings and data sources


Key Information

  • Name: secunet Security Networks Aktiengesellschaft
  • Ticker: YSN
  • Exchange: XTRA
  • Founded: 1997
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €2.979b
  • Shares outstanding: 6.47m
  • Website: https://www.secunet.com

Number of Employees


Location

  • secunet Security Networks Aktiengesellschaft
  • KurfUerstenstrasse 58
  • Essen
  • North Rhine-Westphalia
  • 45138
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 22:27
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
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.