(WKEY) Wisekey International - Overview
Exchange: NASDAQ •
Country: Switzerland •
Currency: USD •
Type: Common Stock •
ISIN: US97727L4086
Stock: Cybersecurity, Microchips, Certificates, Software, Services
Total Rating 8
Risk 44
Buy Signal -0.59
| Risk 5d forecast | |
|---|---|
| Volatility | 125% |
| Relative Tail Risk | -16.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.45 |
| Alpha | -36.10 |
| Character TTM | |
|---|---|
| Beta | 2.350 |
| Beta Downside | 1.725 |
| Drawdowns 3y | |
|---|---|
| Max DD | 80.48% |
| CAGR/Max DD | 0.12 |
Description: WKEY Wisekey International December 22, 2025
WISeKey International Holding AG (NASDAQ: WKEY) is a Swiss-based cybersecurity firm that designs, manufactures, and sells high-assurance secure microprocessors (Common Criteria EAL5+ and FIPS 140-3 certified) and provides a suite of digital-certificate and SaaS solutions-including cloud-based lifecycle management, signing, and authentication-across North America, Europe, the Middle East, Africa, APAC, and Latin America.
Key metrics indicate the company is still in a growth phase: as of FY 2023, revenue was roughly $45 million with a year-over-year increase of about 12 % and gross margins near 55 %. The broader cybersecurity market is expanding rapidly-global spend is projected to surpass $200 billion by 2026-and demand for IoT-grade secure chips is rising as the number of connected devices is expected to exceed 30 billion in the same period. Regulatory pressure (e.g., the EU Cybersecurity Act and U.S. IoT security directives) further fuels adoption of high-certification hardware like WISeKey’s offerings.
For a data-driven, concise snapshot of WKEY’s valuation and risk profile, the ValueRay platform provides a useful dashboard worth checking out.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income: -35.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.26 > 0.02 and ΔFCF/TA 13.77 > 1.0 |
| NWC/Revenue: 343.1% < 20% (prev 25.49%; Δ 317.6% < -1%) |
| CFO/TA -0.26 > 3% & CFO -39.6m > Net Income -35.8m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 6.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (8.37m) vs 12m ago 83.70% < -2% |
| Gross Margin: 54.79% > 18% (prev 0.45%; Δ 5434 % > 0.5%) |
| Asset Turnover: 32.53% > 50% (prev 91.80%; Δ -59.27% > 0%) |
| Interest Coverage Ratio: -16.33 > 6 (EBITDA TTM -60.5m / Interest Expense TTM 3.80m) |
Altman Z'' -15.00
| A: 0.73 (Total Current Assets 135.5m - Total Current Liabilities 22.4m) / Total Assets 155.0m |
| B: -1.93 (Retained Earnings -298.9m / Total Assets 155.0m) |
| C: -0.61 (EBIT TTM -62.1m / Avg Total Assets 101.4m) |
| D: -10.36 (Book Value of Equity -294.5m / Total Liabilities 28.4m) |
| Altman-Z'' Score: -16.49 = D |
Beneish M -3.79
| DSRI: 0.91 (Receivables 4.26m/6.19m, Revenue 33.0m/43.9m) |
| GMI: 0.82 (GM 54.79% / 45.17%) |
| AQI: 0.35 (AQ_t 0.09 / AQ_t-1 0.26) |
| SGI: 0.75 (Revenue 33.0m / 43.9m) |
| TATA: 0.02 (NI -35.8m - CFO -39.6m) / TA 155.0m) |
| Beneish M-Score: -3.79 (Cap -4..+1) = AAA |
What is the price of WKEY shares?
As of February 07, 2026, the stock is trading at USD 7.02 with a total of 184,850 shares traded.
Over the past week, the price has changed by -6.02%, over one month by -20.59%, over three months by -44.51% and over the past year by -7.02%.
Over the past week, the price has changed by -6.02%, over one month by -20.59%, over three months by -44.51% and over the past year by -7.02%.
Is WKEY a buy, sell or hold?
Wisekey International has received a consensus analysts rating of 4.00.
Therefore, it is recommended to buy WKEY.
- StrongBuy: 0
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the WKEY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10.6 | 51.4% |
| Analysts Target Price | 10.6 | 51.4% |
| ValueRay Target Price | 6.7 | -4.3% |
WKEY Fundamental Data Overview February 03, 2026
P/S = 7.0065
P/B = 2.6613
Revenue TTM = 33.0m USD
EBIT TTM = -62.1m USD
EBITDA TTM = -60.5m USD
Long Term Debt = 1.54m USD (from longTermDebt, last quarter)
Short Term Debt = 2.75m USD (from shortTermDebt, last quarter)
Debt = 4.97m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -119.6m USD (from netDebt column, last quarter)
Enterprise Value = -210.9k USD (119.4m + Debt 4.97m - CCE 124.6m)
Interest Coverage Ratio = -16.33 (Ebit TTM -62.1m / Interest Expense TTM 3.80m)
EV/FCF = 0.01x (Enterprise Value -210.9k / FCF TTM -40.6m)
FCF Yield = 19.3k% (FCF TTM -40.6m / Enterprise Value -210.9k)
FCF Margin = -123.2% (FCF TTM -40.6m / Revenue TTM 33.0m)
Net Margin = -108.7% (Net Income TTM -35.8m / Revenue TTM 33.0m)
Gross Margin = 54.79% ((Revenue TTM 33.0m - Cost of Revenue TTM 14.9m) / Revenue TTM)
Gross Margin QoQ = 40.05% (prev 47.97%)
Tobins Q-Ratio = -0.00 (set to none) (Enterprise Value -210.9k / Total Assets 155.0m)
Interest Expense / Debt = 7.26% (Interest Expense 360.8k / Debt 4.97m)
Taxrate = 21.0% (US default 21%)
NOPAT = -49.0m (EBIT -62.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.05 (Total Current Assets 135.5m / Total Current Liabilities 22.4m)
Debt / Equity = 0.16 (Debt 4.97m / totalStockholderEquity, last quarter 31.5m)
Debt / EBITDA = 1.98 (negative EBITDA) (Net Debt -119.6m / EBITDA -60.5m)
Debt / FCF = 2.95 (negative FCF - burning cash) (Net Debt -119.6m / FCF TTM -40.6m)
Total Stockholder Equity = 29.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -35.34% (Net Income -35.8m / Total Assets 155.0m)
RoE = -121.0% (Net Income TTM -35.8m / Total Stockholder Equity 29.6m)
RoCE = -199.2% (out of range, set to none) (EBIT -62.1m / Capital Employed (Equity 29.6m + L.T.Debt 1.54m))
RoIC = -122.7% (out of range, set to none) (NOPAT -49.0m / Invested Capital 40.0m)
WACC = 14.22% (E(119.4m)/V(124.4m) * Re(14.57%) + D(4.97m)/V(124.4m) * Rd(7.26%) * (1-Tc(0.21)))
Discount Rate = 14.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 71.18%
Fair Price DCF = unknown (Cash Flow -40.6m)
EPS Correlation: -51.75 | EPS CAGR: -65.68% | SUE: -3.96 | # QB: 0
Revenue Correlation: -39.54 | Revenue CAGR: -22.76% | SUE: 0.30 | # QB: 0
EPS next Year (2026-12-31): EPS=-7.78 | Chg30d=-7.159 | Revisions Net=+1 | Growth EPS=+12.3% | Growth Revenue=+78.7%
P/B = 2.6613
Revenue TTM = 33.0m USD
EBIT TTM = -62.1m USD
EBITDA TTM = -60.5m USD
Long Term Debt = 1.54m USD (from longTermDebt, last quarter)
Short Term Debt = 2.75m USD (from shortTermDebt, last quarter)
Debt = 4.97m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -119.6m USD (from netDebt column, last quarter)
Enterprise Value = -210.9k USD (119.4m + Debt 4.97m - CCE 124.6m)
Interest Coverage Ratio = -16.33 (Ebit TTM -62.1m / Interest Expense TTM 3.80m)
EV/FCF = 0.01x (Enterprise Value -210.9k / FCF TTM -40.6m)
FCF Yield = 19.3k% (FCF TTM -40.6m / Enterprise Value -210.9k)
FCF Margin = -123.2% (FCF TTM -40.6m / Revenue TTM 33.0m)
Net Margin = -108.7% (Net Income TTM -35.8m / Revenue TTM 33.0m)
Gross Margin = 54.79% ((Revenue TTM 33.0m - Cost of Revenue TTM 14.9m) / Revenue TTM)
Gross Margin QoQ = 40.05% (prev 47.97%)
Tobins Q-Ratio = -0.00 (set to none) (Enterprise Value -210.9k / Total Assets 155.0m)
Interest Expense / Debt = 7.26% (Interest Expense 360.8k / Debt 4.97m)
Taxrate = 21.0% (US default 21%)
NOPAT = -49.0m (EBIT -62.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.05 (Total Current Assets 135.5m / Total Current Liabilities 22.4m)
Debt / Equity = 0.16 (Debt 4.97m / totalStockholderEquity, last quarter 31.5m)
Debt / EBITDA = 1.98 (negative EBITDA) (Net Debt -119.6m / EBITDA -60.5m)
Debt / FCF = 2.95 (negative FCF - burning cash) (Net Debt -119.6m / FCF TTM -40.6m)
Total Stockholder Equity = 29.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -35.34% (Net Income -35.8m / Total Assets 155.0m)
RoE = -121.0% (Net Income TTM -35.8m / Total Stockholder Equity 29.6m)
RoCE = -199.2% (out of range, set to none) (EBIT -62.1m / Capital Employed (Equity 29.6m + L.T.Debt 1.54m))
RoIC = -122.7% (out of range, set to none) (NOPAT -49.0m / Invested Capital 40.0m)
WACC = 14.22% (E(119.4m)/V(124.4m) * Re(14.57%) + D(4.97m)/V(124.4m) * Rd(7.26%) * (1-Tc(0.21)))
Discount Rate = 14.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 71.18%
Fair Price DCF = unknown (Cash Flow -40.6m)
EPS Correlation: -51.75 | EPS CAGR: -65.68% | SUE: -3.96 | # QB: 0
Revenue Correlation: -39.54 | Revenue CAGR: -22.76% | SUE: 0.30 | # QB: 0
EPS next Year (2026-12-31): EPS=-7.78 | Chg30d=-7.159 | Revisions Net=+1 | Growth EPS=+12.3% | Growth Revenue=+78.7%