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.
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.
Kudelski SA is a Switzerland-based technology company and a world leader in core digital security technologies and solutions across media, cybersecurity, and Internet of Things (IoT) sectors. Headquartered in Cheseaux-sur-Lausanne with additional presence in Phoenix, Arizona, and offices in 32 countries, it operates through key segments including Digital TV, which generates the majority of revenue via its NAGRA brand providing end-to-end convergent media solutions for secure content delivery in digital television, internet, mobile, and interactive applications. Kudelski Security delivers tailored cybersecurity services to enterprises, financial institutions, governments, and media, emphasizing risk assessment, AI-augmented detection, and protection against emerging threats like quantum computing. In IoT, it supports device manufacturers and industries such as automotive with security innovations, asset tracking via RecovR, and standards-compliant testing labs. Employing around 1,854 people and serving over 2,000 customers globally since its founding in 1951, Kudelski SA plays a pivotal role in building trust and securing digital ecosystems worldwide.
The business is unprofitable at the operating level (-7.73% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 4.5% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$19M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$367M
▼ -4.5% YoY
Net Income (TTM)
-$40M
▼ -479.9% YoY
Op. Margin
-7.73%
▲ +24.9pp YoY
ROIC
-5.86%
▲ +13.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$19M
▲ +62.0% YoY
Op. Cash Flow (TTM)
-$5M
▼ -109.0% YoY
Net Debt
-$44M
Net Cash Position
Cash & Equiv.
$111M
3Y CAGR: -13.3%
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