Financials secunet Security Networks AG

Equities

YSN

DE0007276503

IT Services & Consulting

Market Closed - Xetra 11:36:28 2024-07-10 am EDT After market 03:58:00 pm
121.8 EUR -1.77% Intraday chart for secunet Security Networks AG 122.4 +0.49%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 905.7 1,604 2,675 1,271 944.5 802.2 - -
Enterprise Value (EV) 1 858.8 1,503 2,556 1,268 922.4 759 729.4 702.6
P/E ratio 40.7 x 45.7 x 62.1 x 40.6 x 32.4 x 27.3 x 22.7 x 19.9 x
Yield 1.11% 1.02% 0.81% 1.46% 1.62% 1.99% 2.43% 2.76%
Capitalization / Revenue 3.99 x 5.62 x 7.92 x 3.66 x 2.4 x 2 x 1.85 x 1.69 x
EV / Revenue 3.78 x 5.26 x 7.57 x 3.65 x 2.34 x 1.89 x 1.68 x 1.48 x
EV / EBITDA 21.5 x 25.2 x 34.6 x 20.5 x 15.3 x 11.9 x 10.1 x 8.77 x
EV / FCF 37.4 x 31.9 x 54.4 x -133 x 21.4 x 20.8 x 15.7 x 14.7 x
FCF Yield 2.68% 3.14% 1.84% -0.75% 4.68% 4.82% 6.35% 6.81%
Price to Book 11.7 x 15.7 x 20.6 x 9.96 x 6.86 x 5.33 x 4.69 x 4.15 x
Nbr of stocks (in thousands) 6,470 6,470 6,470 6,470 6,470 6,470 - -
Reference price 2 140.0 248.0 413.5 196.4 146.0 124.0 124.0 124.0
Announcement Date 3/30/20 3/19/21 3/25/22 3/24/23 3/20/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 226.9 285.6 337.6 347.2 393.7 401.7 433.1 473.9
EBITDA 1 39.93 59.7 73.81 61.88 60.44 63.6 72.46 80.07
EBIT 1 33.2 51.64 63.9 47.01 42.98 43.71 52.43 59.89
Operating Margin 14.63% 18.08% 18.93% 13.54% 10.92% 10.88% 12.11% 12.64%
Earnings before Tax (EBT) 1 32.86 51.33 63.59 46.71 42.09 42.96 51.68 59.12
Net income 1 22.2 35.11 43 31.31 29.15 29.39 35.31 40.42
Net margin 9.78% 12.29% 12.74% 9.02% 7.4% 7.32% 8.15% 8.53%
EPS 2 3.440 5.430 6.660 4.840 4.510 4.535 5.455 6.240
Free Cash Flow 1 22.99 47.17 46.98 -9.508 43.12 36.56 46.31 47.83
FCF margin 10.13% 16.52% 13.92% -2.74% 10.95% 9.1% 10.69% 10.09%
FCF Conversion (EBITDA) 57.57% 79.01% 63.65% - 71.34% 57.48% 63.91% 59.73%
FCF Conversion (Net income) 103.54% 134.34% 109.26% - 147.93% 124.4% 131.15% 118.33%
Dividend per Share 2 1.560 2.540 3.370 2.860 2.360 2.470 3.012 3.422
Announcement Date 3/30/20 3/19/21 3/25/22 3/24/23 3/20/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2024 Q1 2024 Q2
Net sales 1 - 57.6 95.7
EBITDA - - -
EBIT 1 - -5.6 11.3
Operating Margin - -9.72% 11.81%
Earnings before Tax (EBT) - - -
Net income 11.08 - -
Net margin - - -
EPS 1.710 - -
Dividend per Share - - -
Announcement Date 8/17/20 5/18/24 -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 47 102 119 2.67 22.2 43.2 72.8 99.6
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 23 47.2 47 -9.51 43.1 36.6 46.3 47.8
ROE (net income / shareholders' equity) 30.4% 39% 37.1% 24.4% 22% 19.9% 21.2% 21.6%
ROA (Net income/ Total Assets) - 16.5% - - - - - -
Assets 1 - 213.3 - - - - - -
Book Value Per Share 2 12.00 15.80 20.00 19.70 21.30 23.30 26.50 29.90
Cash Flow per Share 2 - - - -0.6100 8.020 6.230 9.180 9.640
Capex 1 8.26 9.21 6.78 54.5 8.75 11.1 12 12.8
Capex / Sales 3.64% 3.22% 2.01% 15.7% 2.22% 2.76% 2.78% 2.7%
Announcement Date 3/30/20 3/19/21 3/25/22 3/24/23 3/20/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
124 EUR
Average target price
203.8 EUR
Spread / Average Target
+64.31%
Consensus

Annual profits - Rate of surprise

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