WithSecure Oyj Valuation

Is FSOY.F 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-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 FSOY.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FSOY.F ($0.86) is trading above our estimate of fair value ($0.7)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FSOY.F?

Key metric: As FSOY.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FSOY.F. This is calculated by dividing FSOY.F's market cap by their current revenue.
What is FSOY.F's PS Ratio?
PS Ratio0.9x
Sales€147.20m
Market Cap€133.77m

Price to Sales Ratio vs Peers

How does FSOY.F's PS Ratio compare to its peers?

The above table shows the PS ratio for FSOY.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
SVCO Silvaco Group
4.2x17.5%US$220.6m
ALLT Allot
1.9x5.1%US$163.8m
XPER Xperi
0.8x1.8%US$390.5m
AIP Arteris
6.2x15.7%US$336.3m
FSOY.F WithSecure Oyj
0.9x5.0%US$133.8m

Price-To-Sales vs Peers: FSOY.F is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (3.3x).


Price to Sales Ratio vs Industry

How does FSOY.F's PS Ratio compare vs other companies in the US Software Industry?

81 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.5.5x12.4%
FSOY.F WithSecure Oyj
0.9x5.0%US$140.13m
VYX NCR Voyix
0.6x-23.2%US$2.12b
PGY Pagaya Technologies
0.8x15.8%US$704.88m
FSOY.F 0.9xIndustry Avg. 5.5xNo. of Companies80PS048121620+
81 CompaniesEstimated GrowthMarket Cap
Industry Avg.5.5x17.1%
FSOY.F WithSecure Oyj
0.9x103.9%US$140.13m
No more companies

Price-To-Sales vs Industry: FSOY.F is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Software industry average (5.5x).


Price to Sales Ratio vs Fair Ratio

What is FSOY.F'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.

FSOY.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FSOY.F's Price-To-Sales 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 FSOY.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$1.17
0%
10.4%US$1.35US$1.04n/a5
Nov ’25n/a
US$1.34
0%
16.6%US$1.73US$1.08n/a5
Oct ’25n/a
US$1.51
0%
15.1%US$1.77US$1.11n/a5
Sep ’25n/a
US$1.43
0%
16.1%US$1.74US$1.09n/a6
Aug ’25n/a
US$1.43
0%
16.1%US$1.74US$1.09n/a6
Jul ’25n/a
US$1.41
0%
16.1%US$1.72US$1.07n/a6
Jun ’25n/a
US$1.41
0%
16.1%US$1.72US$1.07n/a6
May ’25US$1.21
US$1.41
+16.7%
16.1%US$1.72US$1.07n/a6
Apr ’25n/a
US$1.43
0%
17.1%US$1.72US$1.07n/a6
Mar ’25n/a
US$1.43
0%
17.1%US$1.72US$1.07n/a6
Feb ’25n/a
US$1.43
0%
17.8%US$1.74US$1.09n/a6
Jan ’25n/a
US$1.42
0%
17.9%US$1.76US$1.10n/a6
Dec ’24n/a
US$1.42
0%
22.8%US$1.96US$1.09n/a6
Nov ’24n/a
US$1.44
0%
26.6%US$2.01US$1.06n/a6
Oct ’24n/a
US$1.62
0%
19.2%US$2.10US$1.33n/a6
Sep ’24n/a
US$1.62
0%
19.2%US$2.10US$1.33n/a6
Aug ’24n/a
US$1.62
0%
19.2%US$2.10US$1.33n/a6
Jul ’24n/a
US$1.93
0%
15.9%US$2.29US$1.42n/a6
Jun ’24n/a
US$2.04
0%
13.4%US$2.42US$1.65n/a6
May ’24n/a
US$2.05
0%
12.1%US$2.42US$1.76US$1.216
Apr ’24n/a
US$2.05
0%
13.2%US$2.49US$1.73n/a6
Mar ’24n/a
US$2.20
0%
15.8%US$2.78US$1.74n/a6
Feb ’24n/a
US$2.06
0%
19.8%US$2.81US$1.56n/a5
Jan ’24n/a
US$2.10
0%
14.1%US$2.68US$1.85n/a5
Dec ’23n/a
US$2.10
0%
14.1%US$2.68US$1.85n/a5
Nov ’23n/a
US$2.07
0%
12.7%US$2.59US$1.89n/a5

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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