Added to YB: 2026-08-21
Pitch date: 2026-08-19
YSN.DE [bullish]
secunet Security Networks Aktiengesellschaft
+28.54%
current return
Author Info
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Company Info
secunet Security Networks Aktiengesellschaft operates as a cybersecurity company in Germany and internationally.
Market Cap
EUR 1.3B
Pitch Price
EUR 183.60
Price Target
236.00
Dividend
1.27%
EV/EBITDA
17.89
P/E
38.39
EV/Sales
2.72
Sector
IT Services
Category
growth
The Sovereign Cryptographic Citadel: How secunet Monopolized German State Secrets - $YSN.DE
YSN.DE: German sovereign cybersecurity monopoly; BSI-certified SINA crypto standard for state secrets. H1'26 orders +78.7% YoY to €287.4mn, backlog record €360.8mn (1.4x book-to-bill). FY25 rev €458.8mn, 26.3% ROIC, zero debt. Buy, PT €236 (+28%). Risks: 75% G+D control, Q4 WC swings, loss-making healthcare unit.
Read full article (40 min)