HLSE:NIXU

Stock Analysis Report

Executive Summary

Nixu Oyj operates as a cybersecurity services company in Finland, Sweden, the Netherlands, Denmark, Belgium, the United Kingdom, and internationally.


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.

Share Price & News

How has Nixu Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NIXU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.4%

NIXU

-10.6%

FI IT

-1.9%

FI Market


1 Year Return

24.4%

NIXU

6.1%

FI IT

9.8%

FI Market

Return vs Industry: NIXU exceeded the Finnish IT industry which returned 6.1% over the past year.

Return vs Market: NIXU exceeded the Finnish Market which returned 9.8% over the past year.


Shareholder returns

NIXUIndustryMarket
7 Day-1.4%-10.6%-1.9%
30 Day-1.4%-7.9%1.1%
90 Day-23.3%4.2%8.7%
1 Year24.4%24.4%11.4%6.1%14.8%9.8%
3 Year52.5%52.5%17.8%1.7%33.6%17.6%
5 Year148.4%139.8%51.2%14.5%44.6%17.3%

Price Volatility Vs. Market

How volatile is Nixu Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nixu Oyj undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NIXU (€10.55) is trading below our estimate of fair value (€26.08)

Significantly Below Fair Value: NIXU is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NIXU is overvalued based on its PB Ratio (5.1x) compared to the FI IT industry average (3.6x).


Next Steps

Future Growth

How is Nixu Oyj forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

71.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NIXU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.1%).

Earnings vs Market: NIXU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NIXU's is expected to become profitable in the next 3 years.

Revenue vs Market: NIXU's revenue (11.3% per year) is forecast to grow faster than the Finnish market (-0.07% per year).

High Growth Revenue: NIXU's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NIXU's Return on Equity is forecast to be low in 3 years time (14.1%).


Next Steps

Past Performance

How has Nixu Oyj performed over the past 5 years?

-68.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NIXU is currently unprofitable.

Growing Profit Margin: NIXU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NIXU is unprofitable, and losses have increased over the past 5 years at a rate of -68.1% per year.

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

Earnings vs Industry: NIXU is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (12.6%).


Return on Equity

High ROE: NIXU has a negative Return on Equity (-22.87%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nixu Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: NIXU's short term assets (€20.2M) do not cover its short term liabilities (€23.3M).

Long Term Liabilities: NIXU's short term assets (€20.2M) exceed its long term liabilities (€2.5M).


Debt to Equity History and Analysis

Debt Level: NIXU's debt to equity ratio (48.6%) is considered high.

Reducing Debt: NIXU's debt to equity ratio has reduced from 51.5% to 48.6% over the past 5 years.


Balance Sheet

Inventory Level: NIXU has a low level of unsold assets or inventory.

Debt Coverage by Assets: NIXU's debt is covered by short term assets (assets are 2.7x debt).


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: Whilst unprofitable NIXU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NIXU is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.7% per year.


Next Steps

Dividend

What is Nixu Oyj's current dividend yield, its reliability and sustainability?

0.85%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%4.5%industryaverage1.7%forecastin3Years0.9%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if NIXU'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 NIXU's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Petri Kairinen (42yo)

6yrs

Tenure

€277,000

Compensation

Mr. Petri Kairinen had been Chief Executive Officer of Nixu Oyj since February 2014. Mr. Kairinen served as the Head of Marketing & Sales at Nixu Oy since November 2006. Mr. Kairinen served as the Head of ...


CEO Compensation Analysis

Compensation vs Market: Petri's total compensation ($USD277.00K) is about average for companies of similar size in the Finnish market ($USD311.75K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Petri Kairinen
Chief Executive Officer6yrs€277.00k0.51% 397.1k
Janne Kärkkäinen
CFO, Deputy CEO & Secretary of the Board4.1yrsno data0.10% 78.7k
Katja Müller
Chief People Officer2.3yrsno data0.013% 10.5k
Kim Westerlund
Chief Development Officer6yrsno data0.37% 286.0k
Jesper Svegby
Chief Commercial Officer2.1yrsno data0.00067% 524.0

4.1yrs

Average Tenure

44yo

Average Age

Experienced Management: NIXU's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tuija Soanjärvi
Independent Director5.1yrsno datano data
Kimmo Rasila
Chairman14.1yrsno data2.17% 1.7m
Marko Kauppi
Independent Vice Chairman6.1yrsno data0.22% 168.8k
Juhani Kaskeala
Independent Director8.1yrsno data0.11% 84.4k
Kati Hagros
Independent Director6.1yrsno data0.044% 34.2k
Teemu Tunkelo
Independent Director1.8yrsno datano data
Anders Silwer
Independent Director0.8yrsno datano data

6.1yrs

Average Tenure

60yo

Average Age

Experienced Board: NIXU's board of directors are considered experienced (6.1 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

Nixu Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nixu Oyj
  • Ticker: NIXU
  • Exchange: HLSE
  • Founded: 1988
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €78.205m
  • Shares outstanding: 7.41m
  • Website: https://www.nixu.com

Number of Employees


Location

  • Nixu Oyj
  • Keilaranta 15 B
  • Espoo
  • Uusimaa
  • 2151
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NIXUHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURDec 2014
NXCMUN (Boerse Muenchen)YesShare CapitalDEEURDec 2014

Biography

Nixu Oyj operates as a cybersecurity services company in Finland, Sweden, the Netherlands, Denmark, Belgium, the United Kingdom, and internationally. It offers services in the areas of business digitalization, cyber defense, cybersecurity outsourcing, cloud transformation, compliance and certification, and connected devices. The company provides services and sells licenses to business enterprises and the public sector. Nixu Oyj was founded in 1988 and is headquartered in Espoo, Finland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 22:40
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.