SECUNET SECURITY NETWORKS AG (YSN.DE) Stock Fundamental Analysis
FRA:YSN - Deutsche Boerse Ag - DE0007276503 - Common Stock - Currency: EUR
YSN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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
YSN had positive earnings in the past year.
In the past year YSN had a positive cash flow from operations.
YSN had positive earnings in each of the past 5 years.
YSN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
YSN's Return On Assets of 7.77% is amongst the best of the industry. YSN outperforms 85.90% of its industry peers.
YSN's Return On Equity of 18.54% is amongst the best of the industry. YSN outperforms 80.77% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.82%, YSN is in the better half of the industry, outperforming 79.49% of the companies in the same industry.
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
With a decent Profit Margin value of 6.88%, YSN is doing good in the industry, outperforming 78.21% of the companies in the same industry.
YSN's Profit Margin has declined in the last couple of years.
YSN has a Operating Margin of 10.46%. This is in the better half of the industry: YSN outperforms 76.92% of its industry peers.
YSN's Operating Margin has declined in the last couple of years.
The Gross Margin of YSN (23.95%) is worse than 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), YSN is creating value.
Compared to 1 year ago, YSN has about the same amount of shares outstanding.
The number of shares outstanding for YSN remains at a similar level compared to 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 6.39. This indicates that YSN is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.39, YSN belongs to the top 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.
The Debt to FCF ratio of YSN (0.52) is better than 91.03% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that YSN is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.11, YSN belongs to the best of the industry, outperforming 82.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.52 | ||
| Altman-Z | 6.39 |
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.
With an excellent Current ratio value of 1.79, YSN belongs to the best of the industry, outperforming 85.90% of the companies in the same industry.
YSN has a Quick Ratio of 1.33. This is a normal value and indicates that YSN is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of YSN (1.33) is better than 66.67% 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%.
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 been growing slightly by 3.23% in the past 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
YSN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.35% yearly.
The Revenue is expected to grow by 7.64% on average over the next years.
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
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
YSN is valuated quite expensively with a Price/Earnings ratio of 51.04.
Based on the Price/Earnings ratio, YSN is valued a bit more expensive than 65.38% of the companies in the same industry.
YSN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.53.
The Price/Forward Earnings ratio is 46.12, which means the current valuation is very expensive for YSN.
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 61.54% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, YSN is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 51.04 | ||
| Fwd PE | 46.12 |
4.2 Price Multiples
71.79% of the companies in the same industry are cheaper than YSN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, YSN is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.59 | ||
| EV/EBITDA | 23.05 |
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.
YSN has a very decent profitability rating, which 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)5.79
PEG (5Y)10.98
EPS Next 2Y12.48%
EPS Next 3Y13.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.19%, YSN has a reasonable but not impressive dividend return.
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
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 2Y12.48%
EPS Next 3Y13.29%
FRA:YSN (6/10/2025, 1:22:30 PM)
220.5
+1.5 (+0.68%)
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 Cap1.43B
Analysts77.14
Price Target200.26 (-9.18%)
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 | 51.04 | ||
| Fwd PE | 46.12 | ||
| P/S | 3.53 | ||
| P/FCF | 30.59 | ||
| P/OCF | 23.5 | ||
| P/B | 9.51 | ||
| P/tB | 21.58 | ||
| EV/EBITDA | 23.05 |
EPS(TTM)4.32
EY1.96%
EPS(NY)4.78
Fwd EY2.17%
FCF(TTM)7.21
FCFY3.27%
OCF(TTM)9.38
OCFY4.25%
SpS62.52
BVpS23.19
TBVpS10.22
PEG (NY)5.79
PEG (5Y)10.98
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 | 6.39 |
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%