Yubico AB

OM:YUBICO Stock Report

Market Cap: SEK 21.1b

Yubico Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 YUBICO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: YUBICO (SEK243) is trading below our estimate of fair value (SEK282.6)

Significantly Below Fair Value: YUBICO 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 YUBICO?

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

The above table shows the Price to Earnings ratio for YUBICO. This is calculated by dividing YUBICO's market cap by their current earnings.
What is YUBICO's PE Ratio?
PE Ratio60.5x
EarningsSEK 345.60m
Market CapSEK 21.05b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for YUBICO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.2x
MSAB B Micro Systemation
61.9x53.8%SEK 864.3m
VIT B Vitec Software Group
55.1x18.1%SEK 21.8b
TRUE B Truecaller
35.8x23.6%SEK 17.8b
ADVE Advenica
75.9xn/aSEK 439.9m
YUBICO Yubico
60.5x28.8%SEK 21.1b

Price-To-Earnings vs Peers: YUBICO is expensive based on its Price-To-Earnings Ratio (60.5x) compared to the peer average (57.2x).

Price to Earnings Ratio vs Industry

How does YUBICO's PE Ratio compare vs other companies in the SE Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SPEONE SpectrumOne
1.5xn/aUS$8.58m
No more companies available in this PE range
YUBICO 60.5xIndustry Avg. 40.3xNo. of Companies4PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: YUBICO is expensive based on its Price-To-Earnings Ratio (60.5x) compared to the Swedish Software industry average (40.3x).

Price to Earnings Ratio vs Fair Ratio

What is YUBICO'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.

YUBICO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio60.5x
Fair PE Ratio37x

Price-To-Earnings vs Fair Ratio: YUBICO is expensive based on its Price-To-Earnings Ratio (60.5x) compared to the estimated Fair Price-To-Earnings Ratio (37x).

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 YUBICO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 243.00
SEK 321.25
+32.2%
4.2%SEK 335.00SEK 300.00n/a4
Dec ’25SEK 270.00
SEK 321.25
+19.0%
4.2%SEK 335.00SEK 300.00n/a4
Nov ’25SEK 259.50
SEK 318.33
+22.7%
4.1%SEK 330.00SEK 300.00n/a3
Oct ’25SEK 242.00
SEK 321.67
+32.9%
4.8%SEK 335.00SEK 300.00n/a3
Sep ’25SEK 281.00
SEK 296.67
+5.6%
11.0%SEK 335.00SEK 255.00n/a3
Aug ’25SEK 267.50
SEK 267.50
0%
4.7%SEK 280.00SEK 255.00n/a2
Jul ’25SEK 224.00
SEK 265.00
+18.3%
5.7%SEK 280.00SEK 250.00n/a2
Jun ’25SEK 241.50
SEK 255.00
+5.6%
9.8%SEK 280.00SEK 230.00n/a2
May ’25SEK 194.80
SEK 252.50
+29.6%
8.9%SEK 275.00SEK 230.00n/a2
Apr ’25SEK 190.60
SEK 252.50
+32.5%
8.9%SEK 275.00SEK 230.00n/a2

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 Analysis2024/12/30 19:11
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Yubico AB is covered by 3 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 Markets
Thomas NilssonNordea Markets