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. While YSN has a great health rating, its profitability is only average at the moment. YSN is quite expensive at the moment. 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.
In the past 5 years YSN has always been profitable.
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 has a better Return On Equity (18.54%) than 80.77% of its industry peers.
The Return On Invested Capital of YSN (11.82%) is better than 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
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.
With a decent Operating Margin value of 10.46%, YSN is doing good in the industry, outperforming 76.92% of the companies in the same industry.
In the last couple of years the Operating Margin of YSN has declined.
Looking at the Gross Margin, with a value of 23.95%, YSN is doing worse than 71.79% of the companies in the same industry.
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
YSN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, YSN has about the same amount of shares outstanding.
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
An Altman-Z score of 6.39 indicates that YSN is not in any danger for bankruptcy at the moment.
YSN's Altman-Z score of 6.39 is amongst the best of the industry. YSN outperforms 98.72% 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 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.
YSN has a Debt to Equity ratio of 0.11. This is amongst the best in the industry. YSN outperforms 82.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.52 | ||
| Altman-Z | 6.39 |
ROIC/WACC1.67
WACC7.08%
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 better Current ratio (1.79) than 85.90% 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.
With a decent Quick ratio value of 1.33, YSN is doing good in 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.
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
The Earnings Per Share is expected to grow by 11.35% on average over the next years. This is quite good.
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
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
YSN is valuated quite expensively with a Price/Earnings ratio of 50.58.
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.
YSN is valuated expensively when we compare the Price/Earnings ratio to 26.59, which is the current average of the S&P500 Index.
YSN is valuated quite expensively with a Price/Forward Earnings ratio of 45.70.
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.
When comparing the Price/Forward Earnings ratio of YSN to the average of the S&P500 Index (22.39), we can say YSN is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.58 | ||
| Fwd PE | 45.7 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of YSN indicates a slightly more expensive valuation: YSN is more expensive than 61.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.32 | ||
| 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.
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)5.74
PEG (5Y)10.88
EPS Next 2Y12.48%
EPS Next 3Y13.29%
5. Dividend
5.1 Amount
YSN has a Yearly Dividend Yield of 1.19%.
Compared to an average industry Dividend Yield of 6.59, YSN has a dividend in line with its industry peers.
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 (6/10/2025, 5:29:56 PM)
218.5
-0.5 (-0.23%)
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 Cap1.42B
Analysts77.14
Price Target200.26 (-8.35%)
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 | 50.58 | ||
| Fwd PE | 45.7 | ||
| P/S | 3.49 | ||
| P/FCF | 30.32 | ||
| P/OCF | 23.29 | ||
| P/B | 9.42 | ||
| P/tB | 21.38 | ||
| EV/EBITDA | 23.05 |
EPS(TTM)4.32
EY1.98%
EPS(NY)4.78
Fwd EY2.19%
FCF(TTM)7.21
FCFY3.3%
OCF(TTM)9.38
OCFY4.29%
SpS62.52
BVpS23.19
TBVpS10.22
PEG (NY)5.74
PEG (5Y)10.88
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%