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 74 industry peers in the IT Services industry. YSN is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. YSN is quite expensive at the moment. It does show a decent growth rate.
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.
Each year in the past 5 years YSN has been profitable.
Of the past 5 years YSN 4 years had a positive operating cash flow.
1.2 Ratios
YSN has a better Return On Assets (7.77%) than 87.84% of its industry peers.
With an excellent Return On Equity value of 18.54%, YSN belongs to the best of the industry, outperforming 81.08% of the companies in the same industry.
YSN's Return On Invested Capital of 11.82% is fine compared to the rest of the industry. YSN outperforms 79.73% 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 11.05%.
| 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's Profit Margin of 6.88% is amongst the best of the industry. YSN outperforms 81.08% of its industry peers.
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 79.73% of its industry peers.
YSN's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 23.95%, YSN is doing worse than 72.97% of the companies in the same industry.
In the last couple of years the Gross Margin of YSN has remained more or less at the same level.
| 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.
YSN has about the same debt/assets ratio as last year.
2.2 Solvency
An Altman-Z score of 6.21 indicates that YSN is not in any danger for bankruptcy at the moment.
YSN has a better Altman-Z score (6.21) than 100.00% of its industry peers.
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.
With an excellent Debt to FCF ratio value of 0.52, YSN belongs to the best of the industry, outperforming 90.54% of the companies in the same industry.
A Debt/Equity ratio of 0.11 indicates that YSN is not too dependend on debt financing.
YSN has a Debt to Equity ratio of 0.11. This is amongst the best in the industry. YSN outperforms 81.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.52 | ||
| Altman-Z | 6.21 |
ROIC/WACC1.67
WACC7.07%
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.
YSN has a Current ratio of 1.79. This is amongst the best in the industry. YSN outperforms 85.14% of its industry peers.
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.
YSN has a Quick ratio of 1.33. This is in the better half of the industry: YSN outperforms 66.22% 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.
Looking at the last year, YSN shows a small growth in Revenue. The Revenue has grown by 3.23% in the last year.
YSN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.36% yearly.
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
A Price/Earnings ratio of 48.38 indicates a quite expensive valuation of YSN.
Based on the Price/Earnings ratio, YSN is valued a bit more expensive than 66.22% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.32, YSN is valued quite expensively.
The Price/Forward Earnings ratio is 43.72, which means the current valuation is very expensive for YSN.
YSN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. YSN is more expensive than 60.81% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.13. YSN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.38 | ||
| Fwd PE | 43.72 |
4.2 Price Multiples
72.97% of the companies in the same industry are cheaper than YSN, based on the Enterprise Value to EBITDA ratio.
62.16% of the companies in the same industry are cheaper than YSN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29 | ||
| EV/EBITDA | 21.97 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
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)5.49
PEG (5Y)10.4
EPS Next 2Y12.48%
EPS Next 3Y13.29%
5. Dividend
5.1 Amount
YSN has a Yearly Dividend Yield of 1.29%.
YSN's Dividend Yield is comparable with the industry average which is at 6.79.
Compared to an average S&P500 Dividend Yield of 2.40, YSN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
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 (6/13/2025, 7:00:00 PM)
209
-3 (-1.42%)
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 Cap1.36B
Analysts77.14
Price Target200.26 (-4.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
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)0.86%
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 | 48.38 | ||
| Fwd PE | 43.72 | ||
| P/S | 3.34 | ||
| P/FCF | 29 | ||
| P/OCF | 22.28 | ||
| P/B | 9.01 | ||
| P/tB | 20.45 | ||
| EV/EBITDA | 21.97 |
EPS(TTM)4.32
EY2.07%
EPS(NY)4.78
Fwd EY2.29%
FCF(TTM)7.21
FCFY3.45%
OCF(TTM)9.38
OCFY4.49%
SpS62.52
BVpS23.19
TBVpS10.22
PEG (NY)5.49
PEG (5Y)10.4
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 | 6.21 |
F-Score6
WACC7.07%
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%