FSECURE.HE
Strong BuyUnloved QualityAI neutralF-Secure Oyj · Technology · Finland · $382M
EUR 1.44 -0.4% · close 5 Oct · scored 7 Oct
Unloved Quality: Strong and cheap; the market has not turned yet.
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F-Secure provides consumer cybersecurity products sold mainly through telecom operators and other partners, a channel that gives it low customer acquisition costs and sticky subscriptions, including a new service launched with Finnish operator DNA. Quality scores are good. Growth has been slow, the chief financial officer is changing, and forward earnings estimates were cut about 1.6% over four weeks, so the case for acceleration is weak.
ABOUT F-SECURE OYJ
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F-Secure Oyj is a leading consumer cyber security provider offering endpoint protection, privacy, and identity theft prevention software. The company's competitive moat is built on its extensive global partner network of over 170 telecom operators, providing a highly scalable and low-cost customer acquisition channel. It is a pure-play consumer security leader with high recurring SaaS revenues.
FINANCIAL SUMMARY (EUR)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 111.0M | 130.4M | 146.3M | 145.7M | 9.5% | 148.1M | 156.0M | 160.7M | 5.0% |
| EPS (EUR) | 0.17 | 0.13 | 0.12 | 0.13 | -8.6% | 0.11 | 0.13 | 0.16 | 11.6% |
| Shares | 174.5M | 174.7M | 174.7M | 174.7M | +0.1% | 174.7M | — | — | — |
| Debt | 7.3M | 196.9M | 175.5M | 156.4M | 177.3% | 148.9M | — | — | — |
| Equity | 24.8M | 33.1M | 47.0M | 56.0M | 31.2% | — | — | — | — |
| Op CF | 36.4M | 30.1M | 38.8M | 43.6M | 6.2% | 36.6M | — | — | — |
| Inv CF | -4.6M | -215.7M | -11.2M | -12.8M | — | — | — | — | — |
| Fin CF | -8.8M | 178.7M | -35.4M | -27.8M | — | — | — | — | — |
Calmer than 58% of stocks we rank over the past year (37% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of FSECURE.HE are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| FSECURE.HE | F-Secure Oyj(you) | $382M | 81 | Strong Buy |
| LOIHDE.HE | Loihde Oyj | $88M | 86 | Strong Buy |
| SSH1V.HE | SSH Communications Security Oyj | $124M | 9 | Strong Sell |
| ICP1V.HE | Incap Oyj | $277M | 81 | Strong Buy |
| DIGIA.HE | Digia Oyj | $159M | 81 | Strong Buy |
| GOFORE.HE | Gofore Oyj | $208M | 72 | Buy |
| DETEC.HE | Detection Technology Oyj | $122M | 81 | Strong Buy |
| ADMCM.HE | Admicom Oyj | $145M | 72 | Buy |
| LEMON.HE | Lemonsoft Oyj | $95M | 79 | Buy |
| TEM1V.HE | Tecnotree Oyj | $161M | 94 | Strong Buy |
Peer medians: ROE 10.8% · P/E 26.3x · Gross margin 45.5%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.