Corero Network Security plc

DB:NYA1 Stock Report

Market Cap: €127.6m

Corero Network Security Valuation

Is NYA1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NYA1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NYA1 (€0.24) is trading below our estimate of fair value (€0.25)

Significantly Below Fair Value: NYA1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NYA1?

Key metric: As NYA1 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NYA1. This is calculated by dividing NYA1's market cap by their current revenue.
What is NYA1's PS Ratio?
PS Ratio5.6x
SalesUS$23.99m
Market CapUS$133.88m

Price to Sales Ratio vs Peers

How does NYA1's PS Ratio compare to its peers?

The above table shows the PS ratio for NYA1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.5x
IVU IVU Traffic Technologies
1.8xn/a€228.5m
EXL Exasol
1.5x13.0%€54.8m
IXX init innovation in traffic systems
1.4x13.2%€355.5m
CYR cyan
9.2x28.1%€54.1m
NYA1 Corero Network Security
5.6x12.4%€106.5m

Price-To-Sales vs Peers: NYA1 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

How does NYA1's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x5.2%US$72.32m
CLIQ Cliq Digital
0.08x13.2%US$24.22m
LSX LS telcom
0.5x5.0%US$21.28m
IVX InVision
0.6xn/aUS$9.66m
NYA1 5.6xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NYA1 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is NYA1'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.

NYA1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ratio3.2x

Price-To-Sales vs Fair Ratio: NYA1 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the estimated Fair Price-To-Sales Ratio (3.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NYA1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.24
€0.27
+12.5%
13.5%€0.30€0.23n/a2
Nov ’25€0.28
€0.22
-21.4%
23.4%€0.28€0.16n/a3
Oct ’25€0.22
€0.22
-0.4%
23.4%€0.28€0.16n/a3
Sep ’25€0.21
€0.22
+6.1%
22.0%€0.28€0.16n/a3
Aug ’25€0.21
€0.22
+3.1%
22.0%€0.28€0.16n/a3
Jul ’25€0.16
€0.18
+13.1%
18.3%€0.22€0.15n/a3
Jun ’25€0.14
€0.18
+22.5%
18.3%€0.22€0.15n/a3
May ’25€0.13
€0.16
+23.1%
5.1%€0.16€0.15n/a2
Apr ’25€0.093
€0.15
+65.3%
5.7%€0.16€0.15n/a2
Mar ’25€0.085
€0.14
+70.2%
12.9%€0.16€0.13n/a2
Feb ’25€0.085
€0.14
+69.6%
13.1%€0.16€0.13n/a2
Jan ’25€0.075
€0.15
+94.2%
11.0%€0.16€0.13n/a2
Dec ’24€0.09
€0.15
+60.9%
11.0%€0.16€0.13n/a2
Nov ’24€0.092
€0.15
+58.3%
11.0%€0.16€0.13€0.282
Oct ’24€0.07
€0.14
+105.2%
11.6%€0.16€0.13€0.222
Aug ’24€0.065
€0.11
+71.8%
5.3%€0.12€0.10€0.212
Jul ’24€0.056
€0.11
+96.9%
2.6%€0.11€0.11€0.162
Jun ’24€0.061
€0.11
+79.3%
2.6%€0.11€0.11€0.142
May ’24€0.061
€0.11
+79.3%
2.6%€0.11€0.11€0.132
Jan ’24€0.089
€0.20
+120.9%
11.6%€0.22€0.17€0.0752
Dec ’23€0.11
€0.20
+83.1%
11.6%€0.22€0.17€0.092

Analyst Forecast: Target price is less than 20% higher than the current share price.

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