Yubico AB

BATS-CHIXE:YUBICS Stock Report

Market Cap: SEK 7.6b

Yubico Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

SEK 69.4
Fair Value
29.3% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: YUBICS (SEK89.72) is trading above our estimate of fair value (SEK69.4)

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

Key Valuation Metric

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

Key metric: As YUBICS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for YUBICS. This is calculated by dividing YUBICS's market cap by their current earnings.
What is YUBICS's PE Ratio?
PE Ratio32x
EarningsSEK 237.50m
Market CapSEK 7.61b

Price to Earnings Ratio vs Peers

How does YUBICS's PE Ratio compare to its peers?

The above table shows the PE ratio for YUBICS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.7x
ALFA Alfa Financial Software Holdings
22.5x2.38%UK£664.7m
GBG GB Group
65.7x33.98%UK£567.1m
CER Cerillion
30.7x11.71%UK£436.6m
BYIT Bytes Technology Group
15.8x5.59%UK£844.4m
YUBICS Yubico
32x37.57%SEK 7.6b

Price-To-Earnings vs Peers: YUBICS is good value based on its Price-To-Earnings Ratio (32x) compared to the peer average (33.7x).

Price to Earnings Ratio vs Industry

How does YUBICS's PE Ratio compare vs other companies in the GB Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
No. of Companies5PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: YUBICS is good value based on its Price-To-Earnings Ratio (32x) compared to the UK Software industry average (33.8x).

Price to Earnings Ratio vs Fair Ratio

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

YUBICS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate YUBICS's Price-To-Earnings Fair Ratio for valuation analysis.

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 YUBICS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 144.33
0%
7.93%SEK 158.00SEK 130.00n/a3
Nov ’26n/a
SEK 144.33
0%
7.93%SEK 158.00SEK 130.00n/a3
Oct ’26n/a
SEK 155.75
0%
14.20%SEK 190.00SEK 130.00n/a4
Sep ’26n/a
SEK 155.75
0%
14.20%SEK 190.00SEK 130.00n/a4
Aug ’26n/a
SEK 185.00
0%
21.71%SEK 250.00SEK 145.00n/a4
Jul ’26n/a
SEK 214.00
0%
24.16%SEK 275.00SEK 145.00n/a5
Jun ’26n/a
SEK 258.75
0%
5.53%SEK 275.00SEK 240.00n/a4
May ’26n/a
SEK 271.25
0%
0.80%SEK 275.00SEK 270.00n/a4
Apr ’26n/a
SEK 292.50
0%
5.06%SEK 310.00SEK 270.00n/a4
Mar ’26n/a
SEK 300.00
0%
7.45%SEK 330.00SEK 270.00n/a4
Feb ’26n/a
SEK 322.50
0%
4.59%SEK 340.00SEK 300.00n/a4
Jan ’26n/a
SEK 321.25
0%
4.17%SEK 335.00SEK 300.00n/a4
Dec ’25n/a
SEK 321.25
0%
4.17%SEK 335.00SEK 300.00n/a4
Nov ’25n/a
SEK 318.33
0%
4.12%SEK 330.00SEK 300.00n/a3
Oct ’25n/a
SEK 321.67
0%
4.80%SEK 335.00SEK 300.00n/a3
Sep ’25n/a
SEK 296.67
0%
11.04%SEK 335.00SEK 255.00n/a3
Aug ’25n/a
SEK 267.50
0%
4.67%SEK 280.00SEK 255.00n/a2
Jul ’25n/a
SEK 265.00
0%
5.66%SEK 280.00SEK 250.00n/a2
Jun ’25n/a
SEK 255.00
0%
9.80%SEK 280.00SEK 230.00n/a2
May ’25n/a
SEK 252.50
0%
8.91%SEK 275.00SEK 230.00n/a2
Apr ’25n/a
SEK 252.50
0%
8.91%SEK 275.00SEK 230.00n/a2
SEK 147.15
Fair Value
39.0% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/17 15:02
End of Day Share Price 2025/10/24 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Yubico AB is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Simon JonssonBerenberg
Joachim GunellDNB Carnegie
Mikael LaséenDNB Carnegie