Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
F-Secure Oyj is a Finland-based cybersecurity company specializing in consumer security and privacy solutions. Headquartered in Helsinki, it develops and sells products such as antivirus software, VPN services, password management tools, and router security to protect computers, mobile devices, smart TVs, and IoT devices from cyber threats. Following a 2022 demerger from WithSecure, F-Secure Oyj focuses exclusively on the consumer market, delivering frictionless security experiences through its flagship F-Secure Total application, which combines scam protection, internet security, privacy safeguards, digital identity protection, and family safety features. The company generates revenue primarily through a global network of over 200 channel partners, including telecom providers, retailers, banks, and insurers, serving customers in more than 100 countries with around 30 million subscribers protected worldwide. In 2024, it reported €146 million in revenue, predominantly from consumer security, with a workforce of approximately 530 employees across Europe, North America, and Asia-Pacific. F-Secure Oyj plays a key role in the security software sector by enabling partners to offer comprehensive home network protection and fostering safer digital experiences for individuals and families.
€2.02
+€0.02 (+0.75%)
EOD Jul 2, 2026
24.38% operating margin is above average. ROIC at 13.27%.
Revenue declined 0.4% YoY. The question is whether this is cyclical or a structural shift.
Net debt of €146M represents 4.7x FCF, leverage limits flexibility.
16.8x earnings, 12.5x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€145M
▼ -0.4% YoY
Net Income (TTM)
€20M
▲ +6.2% YoY
Op. Margin
22.02%
▼ -1.9pp YoY
ROIC
13.27%
Cash Flow & Balance Sheet
FCF (TTM)
€27M
▲ +11.1% YoY
Op. Cash Flow (TTM)
€31M
▼ -4.2% YoY
Net Debt
€146M
Cash & Equiv.
€11M
3Y CAGR: +9.5%
3Y CAGR: -1.0%
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At a P/E of 16.8 and a price-to-free-cash-flow of 12.5, F-Secure Oyj (FSECURE.XHEL) trades above a two-stage DCF intrinsic value of about €1.94 per share, so at €2.02 the stock looks overvalued (3.9% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, F-Secure Oyj scores 49/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €1.94 per share for FSECURE.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €1.45. At today's €2.02, that puts the stock about 3.9% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
F-Secure Oyj scores 49 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 22.0% operating margin and a 13.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, F-Secure Oyj pays a regular dividend of about €0.04 per share per year (typically in quarterly installments), a yield of roughly 2.1% at the current price. That is a payout ratio of about 35.2% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FSECURE.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. FSECURE.XHEL currently trades above its estimated intrinsic value and scores 49/100 on quality (mixed). It also yields about 2.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.