Reading the annual reports…
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Finland
In shortWithsecure OYJ is loss-making, generates cash and holds more cash than debt, with revenue growing (+5.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -8.7% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -32.7% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -44.1% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -9.4% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.94× | 11/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.39× | 90/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -3.27× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.16 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 0.5% | 22/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 2 of 4 | 37/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 19.9% | 37/100 |
| Operating margin volatility | 17.5% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -3.7% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 220 | 130 | 135 | 110 | 116 |
| Cost of revenue | 48 | 41 | 47 | 23 | 23 |
| Gross profit | 172 | 89 | 88 | 87 | 93 |
| Research & development | 42 | 32 | 39 | 47 | 40 |
| Operating income | 20 | (30) | (43) | (36) | (10) |
| Interest expense | 5.7 | 1.5 | 2.8 | 2.1 | 3.1 |
| Pre-tax income | 16 | (30) | (44) | (35) | (10) |
| Income tax | 3.6 | (5) | (6) | (3) | (1.1) |
| Net income | 13 | 13 | 430 | (40) | (38) |
| Diluted EPS | €0.08 | €0.07 | €2.51 | – | – |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
−0.16 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2024 · Data updated Dec 31, 2024