WISeKey International Holding L WKEY

Competitive advantage analysis · technology

Corporate Default
Overall moat score
18/100
Weak

About WISeKey International Holding L

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company designs, manufactures, distributes, and sells high-end, Common Criteria EAL5+ & FIPS 140-3-certified secure microprocessors, as well as offers digital certificates; software as a service solutions, including cloud-based certificate life-cycle-management, signing, and authentication solutions; … Full WKEY analysis →

Competitive advantage assessment

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.95), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 6.2th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 9.2th percentile indicates below-peer efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
12

Where WKEY ranks in Semiconductors

WISeKey International Holding L ranks #62 of 66 scored companies in Semiconductors by moat score — the top 94%. The widest moat in the group is NVE Corporation (NVEC) at 86/100.

Moat scores for companies ranked near WKEY in Semiconductors
# Company Moat score Rating
58 Wolfspeed, Inc. WOLF 22/100 Weak
59 QuickLogic Corporation QUIK 21/100 Weak
60 Navitas Semiconductor Corporati NVTS 19/100 Weak
61 SEALSQ Corp LAES 18/100 Weak
62 WISeKey International Holding L WKEY 18/100 Weak
63 Mobix Labs, Inc. MOBX 16/100 Weak
64 Mobix Labs, Inc. MOBXW 16/100 Weak
65 Sequans Communications S.A. SQNS 16/100 Weak
66 POET Technologies Inc. POET 12/100 Weak

See every General Corporate company ranked by moat score →

How WKEY scores on the Corporate Default defenses

Pricing Power

Score 12 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 9 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 16 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 15 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 36 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 18 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding WKEY's moat

What is WISeKey International Holding L's moat score?

WISeKey International Holding L (WKEY) scores 18 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #62 of 66 scored companies in Semiconductors, the top 94%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 65 companies in Semiconductors. Its strongest defense is Resilience (36/100) and its weakest is Cost Advantage (9/100).

How does WISeKey International Holding L compare with other Semiconductors companies?

WISeKey International Holding L ranks #62 of 66 scored companies in Semiconductors by moat score. The widest moat in Semiconductors is NVE Corporation (NVEC) at 86/100. The companies ranked closest are SEALSQ Corp (LAES) at 18 just above it and Mobix Labs, Inc. (MOBX) at 16 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 65 companies in Semiconductors. The defenses are then weighted to produce the overall score out of 100.

Why is WISeKey International Holding L scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for WISeKey International Holding L?

The Corporate Default template measures 6 defenses, and WKEY scores: Pricing Power (12), Cost Advantage (9), Customer Stickiness (16), Capital Efficiency (15), Resilience (36), Scale & Market Position (18). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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