SECUNET SECURITY NETWORKS AG (YSN.DE) Stock Fundamental Analysis
FRA:YSN - Deutsche Boerse Ag - DE0007276503 - Common Stock - Currency: EUR
Taking everything into account, YSN scores 5 out of 10 in our fundamental rating. YSN was compared to 78 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.
YSN had a positive operating cash flow in the past year.
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
The Return On Assets of YSN (7.77%) is better than 85.90% of its industry peers.
Looking at the Return On Equity, with a value of 18.54%, YSN belongs to the top of the industry, outperforming 80.77% of the companies in the same industry.
YSN has a Return On Invested Capital of 11.82%. This is in the better half of the industry: YSN outperforms 79.49% of its industry peers.
The Average Return On Invested Capital over the past 3 years for YSN is above the industry average of 11.18%.
| 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
YSN has a Profit Margin of 6.88%. This is in the better half of the industry: YSN outperforms 78.21% of its industry peers.
YSN's Profit Margin has declined in the last couple of years.
YSN has a better Operating Margin (10.46%) than 76.92% of its industry peers.
In the last couple of years the Operating Margin of YSN has declined.
YSN has a Gross Margin of 23.95%. This is in the lower half of the industry: YSN underperforms 71.79% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so YSN is creating 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.
Compared to 1 year ago, YSN has about the same debt to assets ratio.
2.2 Solvency
YSN has an Altman-Z score of 6.37. This indicates that YSN is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 6.37, YSN belongs to the best of the industry, outperforming 98.72% 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.
Looking at the Debt to FCF ratio, with a value of 0.52, YSN belongs to the top of the industry, outperforming 91.03% of the companies in the same industry.
A Debt/Equity ratio of 0.11 indicates that YSN is not too dependend on debt financing.
The Debt to Equity ratio of YSN (0.11) is better than 82.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.52 | ||
| Altman-Z | 6.37 |
ROIC/WACC1.67
WACC7.08%
2.3 Liquidity
A Current Ratio of 1.79 indicates that YSN should not have too much problems paying its short term obligations.
YSN's Current ratio of 1.79 is amongst the best of the industry. YSN outperforms 85.90% of its industry peers.
A Quick Ratio of 1.33 indicates that YSN should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.33, YSN is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| 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.
Looking at the last year, YSN shows a small growth in Revenue. The Revenue has grown by 3.23% in the last year.
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)-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
The Earnings Per Share is expected to grow by 11.35% on average over the next years. This is quite good.
Based on estimates for the next years, YSN will show a small growth in Revenue. The Revenue will grow by 7.64% on average per year.
EPS Next Y8.81%
EPS Next 2Y12.48%
EPS Next 3Y13.29%
EPS Next 5Y11.35%
Revenue Next Year5.78%
Revenue Next 2Y7.87%
Revenue Next 3Y8.59%
Revenue Next 5Y7.64%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 51.27, which means the current valuation is very expensive for YSN.
YSN's Price/Earnings ratio is a bit more expensive when compared to the industry. YSN is more expensive than 65.38% of the companies in the same industry.
When comparing the Price/Earnings ratio of YSN to the average of the S&P500 Index (26.59), we can say YSN is valued expensively.
Based on the Price/Forward Earnings ratio of 46.33, the valuation of YSN can be described as expensive.
Based on the Price/Forward Earnings ratio, YSN is valued a bit more expensive than 61.54% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.39. YSN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.27 | ||
| Fwd PE | 46.33 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of YSN indicates a slightly more expensive valuation: YSN is more expensive than 71.79% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, YSN is valued a bit more expensive than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.73 | ||
| EV/EBITDA | 22.88 |
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 13.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.82
PEG (5Y)11.03
EPS Next 2Y12.48%
EPS Next 3Y13.29%
5. Dividend
5.1 Amount
YSN has a Yearly Dividend Yield of 1.19%.
YSN's Dividend Yield is comparable with the industry average which is at 6.59.
Compared to an average S&P500 Dividend Yield of 2.39, YSN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
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
54.62% of the earnings are spent on dividend by YSN. 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 2Y12.48%
EPS Next 3Y13.29%
FRA:YSN (6/11/2025, 1:33:03 PM)
221.5
+4 (+1.84%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)
Earnings (Next)
Inst Owners10.07%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.44B
Analysts77.14
Price Target200.26 (-9.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
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)4.43%
PT rev (3m)11.76%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.73%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.27 | ||
| Fwd PE | 46.33 | ||
| P/S | 3.54 | ||
| P/FCF | 30.73 | ||
| P/OCF | 23.61 | ||
| P/B | 9.55 | ||
| P/tB | 21.67 | ||
| EV/EBITDA | 22.88 |
EPS(TTM)4.32
EY1.95%
EPS(NY)4.78
Fwd EY2.16%
FCF(TTM)7.21
FCFY3.25%
OCF(TTM)9.38
OCFY4.24%
SpS62.52
BVpS23.19
TBVpS10.22
PEG (NY)5.82
PEG (5Y)11.03
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 | 6.37 |
F-Score6
WACC7.08%
ROIC/WACC1.67
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 Y8.81%
EPS Next 2Y12.48%
EPS Next 3Y13.29%
EPS Next 5Y11.35%
Revenue 1Y (TTM)3.23%
Revenue growth 3Y6.37%
Revenue growth 5Y12.36%
Sales Q2Q%8.22%
Revenue Next Year5.78%
Revenue Next 2Y7.87%
Revenue Next 3Y8.59%
Revenue Next 5Y7.64%
EBIT growth 1Y-1.07%
EBIT growth 3Y-12.68%
EBIT growth 5Y5.09%
EBIT Next Year56.98%
EBIT Next 3Y26.77%
EBIT Next 5Y21.12%
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%