Yubico Valuation
Is YUBICO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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 YUBICO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: YUBICO (SEK181.3) is trading below our estimate of fair value (SEK182.73)
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.
| What is YUBICO's PE Ratio? | |
|---|---|
| PE Ratio | 42.1x |
| Earnings | SEK 371.70m |
| Market Cap | SEK 15.64b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 6.4x |
| Enterprise Value/EBITDA | 32.9x |
| PEG Ratio | 1.6x |
Price to Earnings Ratio vs Peers
How does YUBICO's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 55.5x | ||
MSAB B Micro Systemation | 23.2x | 18.8% | SEK 868.6m |
ADVE Advenica | 103.2x | n/a | SEK 830.5m |
VIT B Vitec Software Group | 51.9x | 16.2% | SEK 21.3b |
TRUE B Truecaller | 43.9x | 24.5% | SEK 23.0b |
YUBICO Yubico | 42.1x | 25.5% | SEK 15.6b |
Price-To-Earnings vs Peers: YUBICO is good value based on its Price-To-Earnings Ratio (42.1x) compared to the peer average (55.5x).
Price to Earnings Ratio vs Industry
How does YUBICO's PE Ratio compare vs other companies in the SE Software Industry?
Price-To-Earnings vs Industry: YUBICO is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the Swedish Software industry average (30.7x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 42.1x |
| Fair PE Ratio | 37.2x |
Price-To-Earnings vs Fair Ratio: YUBICO is expensive based on its Price-To-Earnings Ratio (42.1x) compared to the estimated Fair Price-To-Earnings Ratio (37.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 181.30 | SEK 271.25 +49.6% | 0.8% | SEK 275.00 | SEK 270.00 | n/a | 4 |
| Apr ’26 | SEK 193.20 | SEK 292.50 +51.4% | 5.1% | SEK 310.00 | SEK 270.00 | n/a | 4 |
| Mar ’26 | SEK 223.50 | SEK 300.00 +34.2% | 7.5% | SEK 330.00 | SEK 270.00 | n/a | 4 |
| Feb ’26 | SEK 259.00 | SEK 322.50 +24.5% | 4.6% | SEK 340.00 | SEK 300.00 | n/a | 4 |
| Jan ’26 | SEK 243.00 | SEK 321.25 +32.2% | 4.2% | SEK 335.00 | SEK 300.00 | n/a | 4 |
| Dec ’25 | SEK 270.00 | SEK 321.25 +19.0% | 4.2% | SEK 335.00 | SEK 300.00 | n/a | 4 |
| Nov ’25 | SEK 259.50 | SEK 318.33 +22.7% | 4.1% | SEK 330.00 | SEK 300.00 | n/a | 3 |
| Oct ’25 | SEK 242.00 | SEK 321.67 +32.9% | 4.8% | SEK 335.00 | SEK 300.00 | n/a | 3 |
| Sep ’25 | SEK 281.00 | SEK 296.67 +5.6% | 11.0% | SEK 335.00 | SEK 255.00 | n/a | 3 |
| Aug ’25 | SEK 267.50 | SEK 267.50 0% | 4.7% | SEK 280.00 | SEK 255.00 | n/a | 2 |
| Jul ’25 | SEK 224.00 | SEK 265.00 +18.3% | 5.7% | SEK 280.00 | SEK 250.00 | n/a | 2 |
| Jun ’25 | SEK 241.50 | SEK 255.00 +5.6% | 9.8% | SEK 280.00 | SEK 230.00 | n/a | 2 |
| May ’25 | SEK 194.80 | SEK 252.50 +29.6% | 8.9% | SEK 275.00 | SEK 230.00 | n/a | 2 |
| Apr ’25 | SEK 190.60 | SEK 252.50 +32.5% | 8.9% | SEK 275.00 | SEK 230.00 | SEK 193.20 | 2 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/17 10:12 |
| End of Day Share Price | 2025/04/17 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 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.
| Analyst | Institution |
|---|---|
| Simon Jonsson | Berenberg |
| Joachim Gunell | DNB Markets |
| Thomas Nilsson | Nordea Markets |