secunet Security Networks AG
XETRA:YSN

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secunet Security Networks AG Logo
secunet Security Networks AG
XETRA:YSN
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Price: 183.6 EUR -1.4% Market Closed
Market Cap: €1.2B

EV/EBIT

21.5
Current
12%
Cheaper
vs 3-y average of 24.5

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
21.5
=
Enterprise Value
€1.1B
/
EBIT
€51.6m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
21.5
=
Enterprise Value
€1.1B
/
EBIT
€51.6m

Valuation Scenarios

secunet Security Networks AG is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (24.5), the stock would be worth €208.64 (14% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-28%
Maximum Upside
+27%
Average Downside
1%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 21.5 €183.6
0%
3-Year Average 24.5 €208.64
+14%
5-Year Average 27.4 €233.28
+27%
Industry Average 17.9 €152.45
-17%
Country Average 15.5 €132.51
-28%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€1.1B
/
Jan 2026
€51.6m
=
21.5
Current
€1.1B
/
Dec 2026
€59.2m
=
19.1
Forward
€1.1B
/
Dec 2027
€71.2m
=
15.9
Forward
€1.1B
/
Dec 2028
€62.7m
=
18
Forward
€1.1B
/
Dec 2029
€101.6m
=
11.1
Forward
€1.1B
/
Dec 2030
€111.5m
=
10.1
Forward
€1.1B
/
Dec 2031
€121.4m
=
9.3
Forward
€1.1B
/
Dec 2032
€130.9m
=
8.6
Forward
€1.1B
/
Dec 2033
€139.9m
=
8.1
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
DE
secunet Security Networks AG
XETRA:YSN
1.2B EUR 21.5 35.6
US
International Business Machines Corp
NYSE:IBM
217.6B USD 23.6 20.2
JP
BrainPad Inc
TSE:3655
20.9T JPY 52.7 551.4
IE
Accenture PLC
NYSE:ACN
109.7B USD 9.3 14.3
IN
Tata Consultancy Services Ltd
NSE:TCS
9.1T INR 12.5 18
IN
Infosys Ltd
NSE:INFY
5T INR 12.9 16.9
JP
Fujitsu Ltd
TSE:6702
6.5T JPY 16.5 13.7
JP
NEC Corp
TSE:6701
6T JPY 18.9 24.5
IN
HCL Technologies Ltd
NSE:HCLTECH
3.4T INR 13.3 20.1
JP
NTT Data Group Corp
DUS:NT5
30.3B EUR 21 38.8
JP
NTT Data Corp
TSE:9613
5.6T JPY 21.1 39.1

Market Distribution

In line with most companies in Germany
Percentile
68th
Based on 2 187 companies
68th percentile
21.5
Low
0.1 — 10.6
Typical Range
10.6 — 23.1
High
23.1 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 10.6
Median 15.5
70th Percentile 23.1
Max 672.9

secunet Security Networks AG
Glance View

secunet Security Networks AG engages in the provision of information technology safety services. The company is headquartered in Essen, Nordrhein-Westfalen and currently employs 755 full-time employees. The firm develops and IT infrastructure solutions for businesses, authorities and international organizations. The company offers solutions in the areas of automotive security, biometrics, cloud security, compliance, cyber security, e-government, electronic billing processes, border control, information security, critical infrastructure, secure inter-network architecture, crypto systems, network security, e-mail, authentication, classified information and public key infrastructure (PKI), among others. The firm has offices in Berlin, Bonn, Borchen, Dresden, Eschborn, Essen, Hamburg, Munich and Siegen in Germany.

YSN Intrinsic Value
149.54 EUR
Overvaluation 19%
Intrinsic Value
Price €183.6
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