SECUNET SECURITY NETWORKS AG (YSN.DE) Stock Fundamental Analysis
FRA:YSN - DE0007276503 - Common Stock
187.4 EUR
+0.8 (+0.43%)
We assign a fundamental rating of 5 out of 10 to YSN. YSN was compared to 71 industry peers in the IT Services industry. YSN has an excellent financial health rating, but there are some minor concerns on its profitability. YSN is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year YSN was profitable.
In the past year YSN had a positive cash flow from operations.
YSN had positive earnings in each of the past 5 years.
Of the past 5 years YSN 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 7.77%, YSN belongs to the best of the industry, outperforming 83.10% of the companies in the same industry.
With a decent Return On Equity value of 18.54%, YSN is doing good in the industry, outperforming 78.87% of the companies in the same industry.
YSN has a better Return On Invested Capital (11.82%) than 78.87% of its industry peers.
The Average Return On Invested Capital over the past 3 years for YSN is above the industry average of 11.13%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 18.54% | ||
| ROIC | 11.82% |
ROA(3y)8.86%
ROA(5y)11.39%
ROE(3y)21.41%
ROE(5y)26.36%
ROIC(3y)13.45%
ROIC(5y)17.1%
1.3 Margins
Looking at the Profit Margin, with a value of 6.88%, YSN is in the better half of the industry, outperforming 74.65% of the companies in the same industry.
In the last couple of years the Profit Margin of YSN has declined.
YSN has a Operating Margin of 10.46%. This is in the better half of the industry: YSN outperforms 76.06% of its industry peers.
YSN's Operating Margin has declined in the last couple of years.
YSN has a Gross Margin of 23.95%. This is in the lower half of the industry: YSN underperforms 76.06% of its industry peers.
YSN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.46% | ||
| PM (TTM) | 6.88% | ||
| GM | 23.95% |
OM growth 3Y-17.92%
OM growth 5Y-6.47%
PM growth 3Y-18.63%
PM growth 5Y-6.86%
GM growth 3Y-7.33%
GM growth 5Y-0.43%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), YSN is destroying value.
The number of shares outstanding for YSN remains at a similar level compared to 1 year ago.
YSN has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for YSN has remained at the same level compared to a year ago.
2.2 Solvency
YSN has an Altman-Z score of 5.79. This indicates that YSN is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 5.79, YSN belongs to the best of the industry, outperforming 97.18% of the companies in the same industry.
YSN has a debt to FCF ratio of 0.52. This is a very positive value and a sign of high solvency as it would only need 0.52 years to pay back of all of its debts.
YSN's Debt to FCF ratio of 0.52 is amongst the best of the industry. YSN outperforms 88.73% of its industry peers.
YSN has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
YSN has a better Debt to Equity ratio (0.11) than 81.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.52 | ||
| Altman-Z | 5.79 |
ROIC/WACC0.84
WACC14.01%
2.3 Liquidity
YSN has a Current Ratio of 1.79. This is a normal value and indicates that YSN is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of YSN (1.79) is better than 83.10% of its industry peers.
A Quick Ratio of 1.33 indicates that YSN should not have too much problems paying its short term obligations.
The Quick ratio of YSN (1.33) is better than 63.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
YSN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.11%.
The Earnings Per Share has been growing slightly by 4.65% on average over the past years.
The Revenue has been growing slightly by 3.23% in the past year.
The Revenue has been growing by 12.36% on average over the past years. This is quite good.
EPS 1Y (TTM)-4.11%
EPS 3Y-13.44%
EPS 5Y4.65%
EPS Q2Q%1.14%
Revenue 1Y (TTM)3.23%
Revenue growth 3Y6.37%
Revenue growth 5Y12.36%
Sales Q2Q%8.22%
3.2 Future
YSN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.70% yearly.
The Revenue is expected to grow by 7.83% on average over the next years.
EPS Next Y14.48%
EPS Next 2Y14.54%
EPS Next 3Y16.4%
EPS Next 5Y10.7%
Revenue Next Year6.12%
Revenue Next 2Y8.04%
Revenue Next 3Y8.97%
Revenue Next 5Y7.83%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 43.38, the valuation of YSN can be described as expensive.
70.42% of the companies in the same industry are cheaper than YSN, based on the Price/Earnings ratio.
YSN is valuated expensively when we compare the Price/Earnings ratio to 27.06, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 37.26, which means the current valuation is very expensive for YSN.
Based on the Price/Forward Earnings ratio, YSN is valued a bit more expensive than 66.20% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of YSN to the average of the S&P500 Index (22.69), we can say YSN is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.38 | ||
| Fwd PE | 37.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, YSN is valued a bit more expensive than the industry average as 76.06% of the companies are valued more cheaply.
YSN's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. YSN is more expensive than 64.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26 | ||
| EV/EBITDA | 19.55 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates YSN does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of YSN may justify a higher PE ratio.
A more expensive valuation may be justified as YSN's earnings are expected to grow with 16.40% in the coming years.
PEG (NY)3
PEG (5Y)9.33
EPS Next 2Y14.54%
EPS Next 3Y16.4%
5. Dividend
5.1 Amount
YSN has a Yearly Dividend Yield of 1.26%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 7.54, YSN has a dividend in line with its industry peers.
With a Dividend Yield of 1.26, YSN pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
5.2 History
The dividend of YSN has a limited annual growth rate of 2.96%.
Dividend Growth(5Y)2.96%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
YSN pays out 54.62% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of YSN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP54.62%
EPS Next 2Y14.54%
EPS Next 3Y16.4%
FRA:YSN (9/8/2025, 9:32:09 AM)
187.4
+0.8 (+0.43%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)
Earnings (Next)
Inst Owners8.95%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.22B
Analysts77.14
Price Target207.06 (10.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
Yearly Dividend2.36
Dividend Growth(5Y)2.96%
DP54.62%
Div Incr Years1
Div Non Decr Years1
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)3.4%
PT rev (3m)4.28%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)5.21%
EPS NY rev (3m)5.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.38 | ||
| Fwd PE | 37.26 | ||
| P/S | 3 | ||
| P/FCF | 26 | ||
| P/OCF | 19.98 | ||
| P/B | 8.08 | ||
| P/tB | 18.34 | ||
| EV/EBITDA | 19.55 |
EPS(TTM)4.32
EY2.31%
EPS(NY)5.03
Fwd EY2.68%
FCF(TTM)7.21
FCFY3.85%
OCF(TTM)9.38
OCFY5.01%
SpS62.52
BVpS23.19
TBVpS10.22
PEG (NY)3
PEG (5Y)9.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 18.54% | ||
| ROCE | 17.44% | ||
| ROIC | 11.82% | ||
| ROICexc | 15.48% | ||
| ROICexgc | 28.31% | ||
| OM | 10.46% | ||
| PM (TTM) | 6.88% | ||
| GM | 23.95% | ||
| FCFM | 11.53% |
ROA(3y)8.86%
ROA(5y)11.39%
ROE(3y)21.41%
ROE(5y)26.36%
ROIC(3y)13.45%
ROIC(5y)17.1%
ROICexc(3y)16.31%
ROICexc(5y)34.9%
ROICexgc(3y)30.33%
ROICexgc(5y)53.56%
ROCE(3y)19.84%
ROCE(5y)25.24%
ROICexcg growth 3Y-33.18%
ROICexcg growth 5Y-10.42%
ROICexc growth 3Y-37.22%
ROICexc growth 5Y-16.59%
OM growth 3Y-17.92%
OM growth 5Y-6.47%
PM growth 3Y-18.63%
PM growth 5Y-6.86%
GM growth 3Y-7.33%
GM growth 5Y-0.43%
F-Score6
Asset Turnover1.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.52 | ||
| Debt/EBITDA | 0.27 | ||
| Cap/Depr | 79.44% | ||
| Cap/Sales | 3.48% | ||
| Interest Coverage | 55.1 | ||
| Cash Conversion | 101.1% | ||
| Profit Quality | 167.59% | ||
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | 5.79 |
F-Score6
WACC14.01%
ROIC/WACC0.84
Cap/Depr(3y)55.72%
Cap/Depr(5y)69.94%
Cap/Sales(3y)2.44%
Cap/Sales(5y)2.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.11%
EPS 3Y-13.44%
EPS 5Y4.65%
EPS Q2Q%1.14%
EPS Next Y14.48%
EPS Next 2Y14.54%
EPS Next 3Y16.4%
EPS Next 5Y10.7%
Revenue 1Y (TTM)3.23%
Revenue growth 3Y6.37%
Revenue growth 5Y12.36%
Sales Q2Q%8.22%
Revenue Next Year6.12%
Revenue Next 2Y8.04%
Revenue Next 3Y8.97%
Revenue Next 5Y7.83%
EBIT growth 1Y-1.07%
EBIT growth 3Y-12.68%
EBIT growth 5Y5.09%
EBIT Next Year56.98%
EBIT Next 3Y26.77%
EBIT Next 5Y22.49%
FCF growth 1Y8.77%
FCF growth 3Y-0.1%
FCF growth 5Y15.3%
OCF growth 1Y17.55%
OCF growth 3Y4.29%
OCF growth 5Y14.31%