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WISEKEY INTL HOLDINGS-ADR (WKEY) Stock Fundamental Analysis

USA - NASDAQ:WKEY - US97727L4086 - ADR

9.27 USD
+0.75 (+8.8%)
Last: 10/20/2025, 8:22:07 PM
9.38 USD
+0.11 (+1.19%)
After Hours: 10/20/2025, 8:22:07 PM
Fundamental Rating

2

Taking everything into account, WKEY scores 2 out of 10 in our fundamental rating. WKEY was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. The financial health of WKEY is average, but there are quite some concerns on its profitability. WKEY is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year WKEY has reported negative net income.
In the past year WKEY has reported a negative cash flow from operations.
In the past 5 years WKEY always reported negative net income.
In the past 5 years WKEY always reported negative operating cash flow.
WKEY Yearly Net Income VS EBIT VS OCF VS FCFWKEY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10M -20M -30M

1.2 Ratios

Looking at the Return On Assets, with a value of -5.44%, WKEY is doing worse than 66.96% of the companies in the same industry.
WKEY's Return On Equity of -26.77% is on the low side compared to the rest of the industry. WKEY is outperformed by 76.79% of its industry peers.
Industry RankSector Rank
ROA -5.44%
ROE -26.77%
ROIC N/A
ROA(3y)-33.12%
ROA(5y)-35.29%
ROE(3y)-71.96%
ROE(5y)-89.74%
ROIC(3y)N/A
ROIC(5y)N/A
WKEY Yearly ROA, ROE, ROICWKEY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500 -1K

1.3 Margins

WKEY's Gross Margin of 42.17% is in line compared to the rest of the industry. WKEY outperforms 43.75% of its industry peers.
WKEY's Gross Margin has declined in the last couple of years.
WKEY does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.17%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.93%
GM growth 5Y-2.84%
WKEY Yearly Profit, Operating, Gross MarginsWKEY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

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5

2. Health

2.1 Basic Checks

WKEY does not have a ROIC to compare to the WACC, probably because it is not profitable.
WKEY has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, WKEY has less shares outstanding
Compared to 1 year ago, WKEY has an improved debt to assets ratio.
WKEY Yearly Shares OutstandingWKEY Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
WKEY Yearly Total Debt VS Total AssetsWKEY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

WKEY has an Altman-Z score of -2.15. This is a bad value and indicates that WKEY is not financially healthy and even has some risk of bankruptcy.
WKEY has a Altman-Z score of -2.15. This is in the lower half of the industry: WKEY underperforms 78.57% of its industry peers.
WKEY has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
WKEY has a Debt to Equity ratio of 0.11. This is comparable to the rest of the industry: WKEY outperforms 55.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z -2.15
ROIC/WACCN/A
WACC7.86%
WKEY Yearly LT Debt VS Equity VS FCFWKEY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M -20M 30M

2.3 Liquidity

WKEY has a Current Ratio of 6.05. This indicates that WKEY is financially healthy and has no problem in meeting its short term obligations.
WKEY has a better Current ratio (6.05) than 82.14% of its industry peers.
WKEY has a Quick Ratio of 5.96. This indicates that WKEY is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of WKEY (5.96) is better than 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 6.05
Quick Ratio 5.96
WKEY Yearly Current Assets VS Current LiabilitesWKEY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 57.85% over the past year.
WKEY shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -42.84%.
The Revenue for WKEY have been decreasing by -12.12% on average. This is quite bad
EPS 1Y (TTM)57.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60.95%
Revenue 1Y (TTM)-42.84%
Revenue growth 3Y-12.37%
Revenue growth 5Y-12.12%
Sales Q2Q%2.3%

3.2 Future

Based on estimates for the next years, WKEY will show a very strong growth in Earnings Per Share. The EPS will grow by 25.84% on average per year.
WKEY is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 64.75% yearly.
EPS Next Y27.87%
EPS Next 2Y25.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year42.99%
Revenue Next 2Y64.75%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
WKEY Yearly Revenue VS EstimatesWKEY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M
WKEY Yearly EPS VS EstimatesWKEY Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2020 2021 2022 2023 2024 2025 2026 -5 -10 -15 -20

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1

4. Valuation

4.1 Price/Earnings Ratio

WKEY reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for WKEY. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
WKEY Price Earnings VS Forward Price EarningsWKEY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WKEY Per share dataWKEY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 -2

4.3 Compensation for Growth

A more expensive valuation may be justified as WKEY's earnings are expected to grow with 25.84% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.84%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

WKEY does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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WISEKEY INTL HOLDINGS-ADR

NASDAQ:WKEY (10/20/2025, 8:22:07 PM)

After market: 9.38 +0.11 (+1.19%)

9.27

+0.75 (+8.8%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)09-23 2025-09-23
Earnings (Next)04-15 2026-04-15
Inst Owners1.58%
Inst Owner Change0.15%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap103.97M
Analysts82.86
Price Target2.69 (-70.98%)
Short Float %1.47%
Short Ratio1.56
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-18.12%
EPS NY rev (3m)-20.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)11.94%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 8.67
P/FCF N/A
P/OCF N/A
P/B 3.3
P/tB 4.57
EV/EBITDA N/A
EPS(TTM)-0.82
EYN/A
EPS(NY)-0.8
Fwd EYN/A
FCF(TTM)-2.27
FCFYN/A
OCF(TTM)-2.22
OCFYN/A
SpS1.07
BVpS2.81
TBVpS2.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.44%
ROE -26.77%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.17%
FCFM N/A
ROA(3y)-33.12%
ROA(5y)-35.29%
ROE(3y)-71.96%
ROE(5y)-89.74%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.93%
GM growth 5Y-2.84%
F-Score4
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 86.77%
Cap/Sales 5.36%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.05
Quick Ratio 5.96
Altman-Z -2.15
F-Score4
WACC7.86%
ROIC/WACCN/A
Cap/Depr(3y)204.04%
Cap/Depr(5y)123.8%
Cap/Sales(3y)5.28%
Cap/Sales(5y)3.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)57.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60.95%
EPS Next Y27.87%
EPS Next 2Y25.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-42.84%
Revenue growth 3Y-12.37%
Revenue growth 5Y-12.12%
Sales Q2Q%2.3%
Revenue Next Year42.99%
Revenue Next 2Y64.75%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-88.4%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year5.98%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-64.29%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-81.81%
OCF growth 3YN/A
OCF growth 5YN/A