SSH1V Stock Financial Analysis - SSH Communications Security Oyj (HLSE) Stock

Overview

SSH Communications Security Oyj, based in Finland, operates primarily in the cybersecurity industry, specializing in advanced data encryption and network security solutions. Established in 1995, the company is renowned for its innovation in the development of Secure Shell (SSH) technology, which is pivotal in secure network operations in governmental, financial, and large enterprise environments globally. Key projects include SSH Tectia and PrivX, with offerings extending from managing encrypted keys and access controls to advanced compliance solutions that meet rigorous audit requirements. The company's expertise emphasizes securing cloud environments, providing critical tools to enhance data protection and cybersecurity resilience for large-scale and complex IT infrastructure.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for SSH Communications Security Oyj as of 30 June 2025 is 22.85 MM.
The operating income for SSH Communications Security Oyj as of 30 June 2025 is -0.66 MM.
The net income for SSH Communications Security Oyj as of 30 June 2025 is -1.58 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	22.85	-0.66	-1.58
2025-03-31	22.55	-0.66	-1.78
2024-12-31	22.15	-0.26	-1.08
2024-09-30	20.92	-1.45	-2.41
2024-06-30	20.82	-1.35	-2.01
2024-03-31	20.52	-1.65	-2.61
2023-12-31	20.32	-1.65	-2.51
2023-09-30	20.68	-0.04	-1.53
2023-06-30	20.08	-2.14	-2.03
2023-03-31	19.68	-0.94	-1.33
2022-12-31	19.28	-1.14	-0.53
2022-09-30	19.43	1.57	-0.16
2022-06-30	18.73	-0.03	-0.26
2022-03-31	17.73	-0.33	-0.76
2021-12-31	15.93	-1.53	-2.06
2021-09-30	12.85	-3.49	-4.23
2021-06-30	11.55	-3.59	-4.33
2021-03-31	10.75	-3.19	-3.83
2020-12-31	11.25	-2.49	-2.83
2020-09-30	12.38	-1.41	-1.56

Income Statement: EPS

The earnings per share basic for SSH Communications Security Oyj as of 30 June 2025 is -0.11.
The earnings per share diluted for SSH Communications Security Oyj as of 30 June 2025 is -0.16.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	-0.11	-0.16
2025-03-31	-0.12	-0.12
2024-12-31	-0.10	-0.10
2024-09-30
2024-06-30	-0.08	-0.11
2024-03-31	-0.10	-0.10
2023-12-31	-0.10	-0.10
2023-09-30	-0.07	-0.07
2023-06-30	-0.09	-0.08
2023-03-31	-0.06	-0.06
2022-12-31	-0.05	-0.05
2022-09-30	-0.06	-0.01
2022-06-30	-0.04	-0.04
2022-03-31	-0.07	-0.05
2021-12-31	-0.09	-0.09
2021-09-30	-0.14	-0.15
2021-06-30	-0.14	-0.15
2021-03-31	-0.13	-0.14
2020-12-31	-0.11	-0.11
2020-09-30	-0.06	-0.08

Cash Flow: Operations, Investing, Financing

The cash from operating activities for SSH Communications Security Oyj as of 30 June 2025 is 1.93 MM.
The cash from investing activities for SSH Communications Security Oyj as of 30 June 2025 is -1.79 MM.
The cash from financing activities for SSH Communications Security Oyj as of 30 June 2025 is -0.92 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	1.93	-1.79	-0.92
2025-03-31
2024-12-31	2.73	-1.39	-0.62
2024-09-30
2024-06-30	2.95	-3.04	-0.42
2024-03-31
2023-12-31	3.25	-5.64	-1.12
2023-09-30
2023-06-30	3.81	-3.77	-1.77
2023-03-31
2022-12-31	3.01	-3.47	-2.17
2022-09-30
2022-06-30	4.39	-4.46	1.97
2022-03-31
2021-12-31	2.79	-4.86	1.47
2021-09-30	-1.53	-5.20	1.63
2021-06-30	-2.13	-3.90	-1.67
2021-03-31	-1.43	-0.60	-1.77
2020-12-31	-0.23	-1.50	-1.27
2020-09-30	-0.02	-0.58	-1.28

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for SSH Communications Security Oyj as of 30 June 2025 is -23.44.
The p/book for SSH Communications Security Oyj as of 30 June 2025 is 4.63.
The p/tbv for SSH Communications Security Oyj as of 30 June 2025 is -2.44.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	-23.44	4.63	-2.44
2025-03-31	-40.97	5.01	-2.37
2024-12-31	-17.95
2024-09-30	-19.72	5.58	5.58
2024-06-30	-19.80	5.60	-2.52
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31	-69.95	10.45	24.98
2020-09-30

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for SSH Communications Security Oyj as of 30 June 2025 is -0.02.
The ebit (3y)/ev for SSH Communications Security Oyj as of 30 June 2025 is -0.04.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	-0.02	-0.04
2025-03-31	-0.01	-0.03
2024-12-31	-0.05	-0.00
2024-09-30	-0.04	-0.00
2024-06-30	-0.04	-0.02
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31	-0.02	-0.00
2020-09-30

Management Effectiveness

The roa for SSH Communications Security Oyj as of 30 June 2025 is -0.06.
The roe for SSH Communications Security Oyj as of 30 June 2025 is -0.17.
The roic for SSH Communications Security Oyj as of 30 June 2025 is -0.16.
The croic for SSH Communications Security Oyj as of 30 June 2025 is 0.07.
The ocroic for SSH Communications Security Oyj as of 30 June 2025 is 0.24.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.06	-0.17	-0.16	0.07	0.24
2025-03-31	-0.04	-0.19	-0.10	0.07	0.24
2024-12-31	-0.08	-0.26
2024-09-30	-0.09	-0.26	-0.28	-0.38	0.35
2024-06-30	-0.07	-0.22	-0.22	-0.30	0.28
2024-03-31	-0.07	-0.24	-0.23	-0.30	0.27
2023-12-31	-0.05	-0.14	-0.13	-0.16	0.33
2023-09-30	-0.07	-0.19	-0.18	-0.16	0.33
2023-06-30	-0.04	-0.19	-0.18	-0.16	0.33
2023-03-31	-0.01	-0.11	-0.10	-0.18	0.22
2022-12-31	-0.01	-0.01	-0.01	0.16	0.32
2022-09-30	-0.01	0.01	0.01	0.06	0.38
2022-06-30	-0.07	-0.02	-0.02	0.17	0.32
2022-03-31	-0.13	-0.16	-0.06	-0.08	0.17
2021-12-31	-0.23	-0.43	-0.34	-0.41	-0.12
2021-09-30	-0.23	-0.43	-0.34	-0.41	-0.17
2021-06-30	-0.22	-0.42	-0.36	-0.66	-0.17
2021-03-31	-0.18	-0.36	-0.56	-0.60	-0.21
2020-12-31	-0.07	-0.12	-0.13	-0.20	-0.00
2020-09-30	-0.07	-0.13	-0.13	-0.20	-0.00

Gross Margins

The gross margin for SSH Communications Security Oyj as of 30 June 2025 is 1.00.
The net margin for SSH Communications Security Oyj as of 30 June 2025 is -0.08.
The operating margin for SSH Communications Security Oyj as of 30 June 2025 is -0.03.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	1.00	-0.08	-0.03
2025-03-31	1.00	-0.05	-0.01
2024-12-31	1.00	-0.12	-0.07
2024-09-30	1.00	-0.13	-0.08
2024-06-30	1.00	-0.13	-0.08
2024-03-31	1.00	-0.13	-0.08
2023-12-31	0.99	-0.07	-0.00
2023-09-30	0.99	-0.10	-0.07
2023-06-30	0.99	-0.10	-0.07
2023-03-31	0.99	-0.07	-0.05
2022-12-31	1.00	-0.01	0.08
2022-09-30	1.00	0.01	0.08
2022-06-30	1.00	-0.01	-0.00
2022-03-31	1.00	-0.05	-0.02
2021-12-31	1.00	-0.33	-0.27
2021-09-30	0.98	-0.33	-0.27
2021-06-30	0.98	-0.38	-0.31
2021-03-31	0.99	-0.36	-0.30
2020-12-31	0.98	-0.12	-0.11
2020-09-30	0.98	-0.12	-0.11