OTCPK:WSKE.F

Stock Analysis Report

WISeKey International Holding

Executive Summary

WISeKey International Holding AG, a cybersecurity company, provides digital identity ecosystems for people and objects using blockchain, artificial intelligence (AI), and Internet of Things (IoT).


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has WISeKey International Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

WSKE.F

-9.9%

US Software

-10.6%

US Market


1 Year Return

n/a

WSKE.F

20.4%

US Software

5.2%

US Market

Return vs Industry: Insufficient data to determine how WSKE.F performed against the US Software industry.

Return vs Market: Insufficient data to determine how WSKE.F performed against the US Market.


Shareholder returns

WSKE.FIndustryMarket
7 Day0%-9.9%-10.6%
30 Day-3.0%-5.5%-8.5%
90 Dayn/a1.9%-4.6%
1 Yearn/a21.7%20.4%7.4%5.2%
3 Yearn/a122.5%112.9%31.7%23.2%
5 Yearn/a190.9%169.8%56.4%39.3%

Price Volatility Vs. Market

How volatile is WISeKey International Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is WISeKey International Holding undervalued compared to its fair value and its price relative to the market?

1.68x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WSKE.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WSKE.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: WSKE.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WSKE.F is good value based on its PB Ratio (1.7x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

How is WISeKey International Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.0%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as WISeKey International Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has WISeKey International Holding performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WSKE.F is currently unprofitable.

Growing Profit Margin: WSKE.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WSKE.F is unprofitable, but has reduced losses over the past 5 years at a rate of 13.9% per year.

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

Earnings vs Industry: WSKE.F is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.4%).


Return on Equity

High ROE: WSKE.F has a negative Return on Equity (-45.6%), as it is currently unprofitable.


Next Steps

Financial Health

How is WISeKey International Holding's financial position?


Financial Position Analysis

Short Term Liabilities: WSKE.F's short term assets ($32.9M) exceed its short term liabilities ($20.3M).

Long Term Liabilities: WSKE.F's short term assets ($32.9M) exceed its long term liabilities ($8.4M).


Debt to Equity History and Analysis

Debt Level: WSKE.F's debt to equity ratio (32.7%) is considered satisfactory.

Reducing Debt: WSKE.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

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

Debt Coverage by Assets: WSKE.F's debt is covered by short term assets (assets are 3.3x 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: WSKE.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: WSKE.F has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of -11.4% each year.


Next Steps

Dividend

What is WISeKey International Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate WSKE.F'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 WSKE.F's dividends per share have been stable in the past.

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


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Carlos Moreira (61yo)

US$1,053,000

Compensation

Mr. Carlos Creus Moreira founded WISeKey International Holding Ltd in 1999 and has been its Chairman, Chief Executive Officer and President. Mr. Moreira serves as Vice President of World Trade Center, Gene ...


CEO Compensation Analysis

Compensation vs Market: Carlos's total compensation ($USD1.09M) is above average for companies of similar size in the US market ($USD535.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Carlos Moreira
Founder0yrsUS$1.05m23.03% $13.0m
Dourgam Kummer
Vice-Chairman0yrsUS$255.00k0.44% $249.1k
Peter Ward
CFO & Executive Director0yrsUS$861.00k0.082% $46.1k
Jean-Pierre Pennacino
Chief Operating Officer1.8yrsno datano data
Hans Schwab
Chief Information Officer & MD of WISeCoin division1.3yrsno datano data
Alexander Zinser
Chief Legal Officer1.8yrsno datano data
Youmna Abisaleh
Head of Marketing and Communication0yrsno datano data
Jean-Yves Le Saux
Vice President of Sales & Business Development0yrsno datano data
Gaetan Egloff
Chief Digital Officer & MD of Asia Development Lab - Vietnam0yrsno datano data
Pedro Fuentes
Chief Security Officer0yrsno datano data

1.6yrs

Average Tenure

54yo

Average Age

Experienced Management: WSKE.F's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Carlos Moreira
Founder0yrsUS$1.05m23.03% $13.0m
Dourgam Kummer
Vice-Chairman0yrsUS$255.00k0.44% $249.1k
Peter Ward
CFO & Executive Director0yrsUS$861.00k0.082% $46.1k
Leonard Schrank
Member of Strategy and Advisory Board0yrsno datano data
David Fergusson
Non-Executive Director2.8yrsUS$46.00k0.020% $11.3k
Martial Chaillet
Member of Strategy and Advisory Board0yrsno datano data
Richard Attias
Member of Strategy and Advisory Board0yrsno datano data
Philippe Doubre
Independent Non-Executive Director21.1yrsUS$78.00k0.44% $250.8k
Juan Hernández Zayas
Independent Non-Executive Director13.1yrsUS$86.00k0.068% $38.6k
Eric Pellaton
Member of Strategy and Advisory Board0yrsno datano data

13.1yrs

Average Tenure

61yo

Average Age

Experienced Board: WSKE.F's board of directors are seasoned and experienced ( 13.1 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 been diluted in the past year, with total shares outstanding growing by 8.9%.


Top Shareholders

Company Information

WISeKey International Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: WISeKey International Holding AG
  • Ticker: WSKE.F
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: CHF54.871m
  • Listing Market Cap: CHF56.541m
  • Shares outstanding: 37.58m
  • Website: https://www.wisekey.com

Number of Employees


Location

  • WISeKey International Holding AG
  • General-Guisan-Strasse 6
  • PO Box 3467
  • Zug
  • Zug
  • 6303
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WIHNSWX (SIX Swiss Exchange)YesClass B SharesCHCHFMar 2016
0RF1LSE (London Stock Exchange)YesClass B SharesGBCHFMar 2016
1W8DB (Deutsche Boerse AG)YesClass B SharesDEEURMar 2016
WSKE.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDMar 2016
WKEYNasdaqGM (Nasdaq Global Market)SPON ADSUSUSDMay 2018

Biography

WISeKey International Holding AG, a cybersecurity company, provides digital identity ecosystems for people and objects using blockchain, artificial intelligence (AI), and Internet of Things (IoT). The company offers microchips in various IoT sectors, including connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens, etc. It offers solutions for digital brand protection, security for financial institutions, secured IoT, mobile solutions, wearable payments, and secure connected cars. The company was founded in 1999 and is headquartered in Zug, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:25
End of Day Share Price2020/02/04 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.