SECUNET SECURITY NETWORKS AG (YSN.DE) Stock Fundamental Analysis

FRA:YSN • DE0007276503

191 EUR
+5 (+2.69%)
Last: Feb 18, 2026, 05:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

YSN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 71 industry peers in the IT Services industry. YSN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. While showing a medium growth rate, YSN is valued expensive at the moment. This makes YSN very considerable for quality investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • YSN had positive earnings in the past year.
  • YSN had a positive operating cash flow in the past year.
  • In the past 5 years YSN has always been profitable.
  • Of the past 5 years YSN 4 years had a positive operating cash flow.
YSN.DE Yearly Net Income VS EBIT VS OCF VS FCFYSN.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M

1.2 Ratios

  • YSN's Return On Assets of 9.33% is amongst the best of the industry. YSN outperforms 87.32% of its industry peers.
  • Looking at the Return On Equity, with a value of 23.17%, YSN belongs to the top of the industry, outperforming 81.69% of the companies in the same industry.
  • The Return On Invested Capital of YSN (14.42%) is better than 87.32% of its industry peers.
  • YSN had an Average Return On Invested Capital over the past 3 years of 13.45%. This is above the industry average of 11.09%.
  • The 3 year average ROIC (13.45%) for YSN is below the current ROIC(14.42%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.33%
ROE 23.17%
ROIC 14.42%
ROA(3y)8.86%
ROA(5y)11.39%
ROE(3y)21.41%
ROE(5y)26.36%
ROIC(3y)13.45%
ROIC(5y)17.1%
YSN.DE Yearly ROA, ROE, ROICYSN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • YSN has a Profit Margin of 7.36%. This is amongst the best in the industry. YSN outperforms 80.28% of its industry peers.
  • In the last couple of years the Profit Margin of YSN has declined.
  • Looking at the Operating Margin, with a value of 11.13%, YSN belongs to the top of the industry, outperforming 81.69% of the companies in the same industry.
  • YSN's Operating Margin has declined in the last couple of years.
  • YSN has a Gross Margin of 24.17%. This is in the lower half of the industry: YSN underperforms 77.46% of its industry peers.
  • YSN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 11.13%
PM (TTM) 7.36%
GM 24.17%
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%
YSN.DE Yearly Profit, Operating, Gross MarginsYSN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), YSN is creating value.
  • YSN has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for YSN remains at a similar level compared to 5 years ago.
  • The debt/assets ratio for YSN has remained at the same level compared to a year ago.
YSN.DE Yearly Shares OutstandingYSN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M
YSN.DE Yearly Total Debt VS Total AssetsYSN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • YSN has an Altman-Z score of 6.02. This indicates that YSN is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of YSN (6.02) is better than 98.59% of its industry peers.
  • The Debt to FCF ratio of YSN is 0.58, which is an excellent value as it means it would take YSN, only 0.58 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 0.58, YSN belongs to the best of the industry, outperforming 90.14% of the companies in the same industry.
  • YSN has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
  • YSN's Debt to Equity ratio of 0.10 is amongst the best of the industry. YSN outperforms 83.10% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.58
Altman-Z 6.02
ROIC/WACC1.96
WACC7.36%
YSN.DE Yearly LT Debt VS Equity VS FCFYSN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

2.3 Liquidity

  • YSN has a Current Ratio of 1.73. This is a normal value and indicates that YSN is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.73, YSN belongs to the top of the industry, outperforming 80.28% of the companies in the same industry.
  • A Quick Ratio of 0.98 indicates that YSN may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.98, YSN is not doing good in the industry: 61.97% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.73
Quick Ratio 0.98
YSN.DE Yearly Current Assets VS Current LiabilitesYSN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • YSN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.55%, which is quite good.
  • YSN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.65% yearly.
  • The Revenue has grown by 12.26% in the past year. This is quite good.
  • Measured over the past years, YSN shows a quite strong growth in Revenue. The Revenue has been growing by 12.36% on average per year.
EPS 1Y (TTM)15.55%
EPS 3Y-13.44%
EPS 5Y4.65%
EPS Q2Q%394.32%
Revenue 1Y (TTM)12.26%
Revenue growth 3Y6.37%
Revenue growth 5Y12.36%
Sales Q2Q%19.03%

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 8.74% yearly.
  • YSN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.24% yearly.
EPS Next Y16.63%
EPS Next 2Y15.7%
EPS Next 3Y17.04%
EPS Next 5Y8.74%
Revenue Next Year6.41%
Revenue Next 2Y8.3%
Revenue Next 3Y9.24%
Revenue Next 5Y10.24%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
YSN.DE Yearly Revenue VS EstimatesYSN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M
YSN.DE Yearly EPS VS EstimatesYSN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • YSN is valuated quite expensively with a Price/Earnings ratio of 38.66.
  • Based on the Price/Earnings ratio, YSN is valued a bit more expensive than the industry average as 64.79% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 27.16, YSN is valued a bit more expensive.
  • YSN is valuated quite expensively with a Price/Forward Earnings ratio of 32.47.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of YSN indicates a slightly more expensive valuation: YSN is more expensive than 67.61% of the companies listed in the same industry.
  • YSN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.10.
Industry RankSector Rank
PE 38.66
Fwd PE 32.47
YSN.DE Price Earnings VS Forward Price EarningsYSN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, YSN is valued a bit more expensive than the industry average as 70.42% of the companies are valued more cheaply.
  • Based on the Price/Free Cash Flow ratio, YSN is valued a bit more expensive than 64.79% of the companies in the same industry.
Industry RankSector Rank
P/FCF 33.25
EV/EBITDA 17.89
YSN.DE Per share dataYSN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of YSN may justify a higher PE ratio.
  • YSN's earnings are expected to grow with 17.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.33
PEG (5Y)8.32
EPS Next 2Y15.7%
EPS Next 3Y17.04%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • YSN has a Yearly Dividend Yield of 1.39%. Purely for dividend investing, there may be better candidates out there.
  • YSN's Dividend Yield is comparable with the industry average which is at 2.64.
  • YSN's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.39%

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
YSN.DE Yearly Dividends per shareYSN.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • YSN pays out 55.28% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • YSN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP55.28%
EPS Next 2Y15.7%
EPS Next 3Y17.04%
YSN.DE Yearly Income VS Free CF VS DividendYSN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M 40M
YSN.DE Dividend Payout.YSN.DE Dividend Payout, showing the Payout Ratio.YSN.DE Dividend Payout.PayoutRetained Earnings

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SECUNET SECURITY NETWORKS AG

FRA:YSN (2/18/2026, 5:29:05 PM)

191

+5 (+2.69%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)11-12
Earnings (Next)03-30
Inst Owners10.5%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.24B
Revenue(TTM)433.83M
Net Income(TTM)31.95M
Analysts80
Price Target244.46 (27.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.39%
Yearly Dividend2.36
Dividend Growth(5Y)2.96%
DP55.28%
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)13.45%
PT rev (3m)18.06%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.87%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.28%
Valuation
Industry RankSector Rank
PE 38.66
Fwd PE 32.47
P/S 2.86
P/FCF 33.25
P/OCF 25.75
P/B 9
P/tB 22.11
EV/EBITDA 17.89
EPS(TTM)4.94
EY2.59%
EPS(NY)5.88
Fwd EY3.08%
FCF(TTM)5.74
FCFY3.01%
OCF(TTM)7.42
OCFY3.88%
SpS66.74
BVpS21.21
TBVpS8.64
PEG (NY)2.33
PEG (5Y)8.32
Graham Number48.56
Profitability
Industry RankSector Rank
ROA 9.33%
ROE 23.17%
ROCE 21.28%
ROIC 14.42%
ROICexc 16.23%
ROICexgc 27.3%
OM 11.13%
PM (TTM) 7.36%
GM 24.17%
FCFM 8.61%
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%
ROICexgc growth 3Y-33.18%
ROICexgc 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-Score5
Asset Turnover1.27
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.58
Debt/EBITDA 0.21
Cap/Depr 56.96%
Cap/Sales 2.51%
Interest Coverage 74.4
Cash Conversion 71.55%
Profit Quality 116.88%
Current Ratio 1.73
Quick Ratio 0.98
Altman-Z 6.02
F-Score5
WACC7.36%
ROIC/WACC1.96
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)15.55%
EPS 3Y-13.44%
EPS 5Y4.65%
EPS Q2Q%394.32%
EPS Next Y16.63%
EPS Next 2Y15.7%
EPS Next 3Y17.04%
EPS Next 5Y8.74%
Revenue 1Y (TTM)12.26%
Revenue growth 3Y6.37%
Revenue growth 5Y12.36%
Sales Q2Q%19.03%
Revenue Next Year6.41%
Revenue Next 2Y8.3%
Revenue Next 3Y9.24%
Revenue Next 5Y10.24%
EBIT growth 1Y19.49%
EBIT growth 3Y-12.68%
EBIT growth 5Y5.09%
EBIT Next Year62.38%
EBIT Next 3Y28.06%
EBIT Next 5Y23.75%
FCF growth 1Y95.12%
FCF growth 3Y-0.1%
FCF growth 5Y15.3%
OCF growth 1Y87%
OCF growth 3Y4.29%
OCF growth 5Y14.31%

SECUNET SECURITY NETWORKS AG / YSN.DE FAQ

What is the fundamental rating for YSN stock?

ChartMill assigns a fundamental rating of 6 / 10 to YSN.DE.


What is the valuation status for YSN stock?

ChartMill assigns a valuation rating of 1 / 10 to SECUNET SECURITY NETWORKS AG (YSN.DE). This can be considered as Overvalued.


How profitable is SECUNET SECURITY NETWORKS AG (YSN.DE) stock?

SECUNET SECURITY NETWORKS AG (YSN.DE) has a profitability rating of 7 / 10.


What is the financial health of SECUNET SECURITY NETWORKS AG (YSN.DE) stock?

The financial health rating of SECUNET SECURITY NETWORKS AG (YSN.DE) is 7 / 10.


Can you provide the dividend sustainability for YSN stock?

The dividend rating of SECUNET SECURITY NETWORKS AG (YSN.DE) is 4 / 10 and the dividend payout ratio is 55.28%.