Initiation of coverage - New strategy in acceleration phase
The shift in the focus of the information security market from blocking threats to detecting them has required considerable regeneration from F-Secure. The company launched a strategy intended for the growing corporate security markets in 2015 to respond to the change, and that strategy has now reached a stage where growth can be accelerated thanks to an expanded product and service portfolio. However, the company still has to unify its solution portfolio and develop a sales channel for the larger enterprise segment before the alluring growth potential of the market is fully realized.
WithSecure
WithSecure operates in the IT sector. The company specializes in cyber security solutions. Today, the company provides IT solutions that are used to manage computer viruses and other potential IT threats within data, mobile and cloud services. The company's services are mainly offered to business customers and larger institutions. Operations are held around the Nordic and European markets. The head office is in Helsinki.
Read more on company pageKey Estimate Figures16.03.2018
2017 | 18e | 19e | |
---|---|---|---|
Revenue | 169.7 | 182.0 | 196.6 |
growth-% | 7.20 % | 7.25 % | 8.01 % |
EBIT (adj.) | 11.1 | 10.0 | 15.2 |
EBIT-% (adj.) | 6.54 % | 5.50 % | 7.71 % |
EPS (adj.) | 0.07 | 0.05 | 0.08 |
Dividend | 0.04 | 0.04 | 0.05 |
Dividend % | 2.54 % | 3.70 % | 4.63 % |
P/E (adj.) | 23.02 | 21.20 | 14.26 |
EV/EBITDA | 8.97 | 4.43 | 2.97 |