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Prosegur Cash

DB:PQN
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PQN
DB
€3B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Prosegur Cash, S.A. provides cash logistics and cash management, and other outsourced services to financial institutions, retailers, government agencies and central banks, mints, jewelers, and other commercial operations worldwide. The last earnings update was 52 days ago. More info.


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PQN Share Price and Events
7 Day Returns
-2.4%
DB:PQN
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
-
DB:PQN
-8.1%
DE Commercial Services
-6%
DE Market
PQN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prosegur Cash (PQN) -2.4% -4.3% - - - -
DE Commercial Services 1.5% 1.7% 10.8% -8.1% 1.3% -41%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • No trading data on PQN.
  • No trading data on PQN.
Price Volatility
PQN
Industry
5yr Volatility vs Market

PQN Value

 Is Prosegur Cash undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Prosegur Cash to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Prosegur Cash.

DB:PQN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PQN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 8.2%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 25%) (28.49%))
0.928
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.928 * 8.18%)
7.82%

Discounted Cash Flow Calculation for DB:PQN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Prosegur Cash is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:PQN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.82%)
2019 141.00 Analyst x1 130.78
2020 198.63 Analyst x3 170.88
2021 224.40 Analyst x1 179.05
2022 243.70 Est @ 8.6% 180.36
2023 258.54 Est @ 6.09% 177.47
2024 269.74 Est @ 4.33% 171.74
2025 278.10 Est @ 3.1% 164.23
2026 284.33 Est @ 2.24% 155.73
2027 288.98 Est @ 1.64% 146.80
2028 292.48 Est @ 1.21% 137.81
Present value of next 10 years cash flows €1,614.85
DB:PQN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €292.48 × (1 + 0.23%) ÷ (7.82% – 0.23%)
€3,863.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,863.67 ÷ (1 + 7.82%)10
€1,820.52
DB:PQN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,614.85 + €1,820.52
€3,435.37
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,435.37 / 1,498.94
€2.29
DB:PQN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PQN represents 0.9875x of BME:CASH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9875x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.29 x 0.9875
€2.26
Value per share (EUR) From above. €2.26
Current discount Discount to share price of €1.90
= -1 x (€1.90 - €2.26) / €2.26
16.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Prosegur Cash is available for.
Intrinsic value
16%
Share price is €1.9 vs Future cash flow value of €2.26
Current Discount Checks
For Prosegur Cash to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Prosegur Cash's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Prosegur Cash's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prosegur Cash's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prosegur Cash's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PQN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.12
BME:CASH Share Price ** BME (2019-04-18) in EUR €1.92
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.52x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prosegur Cash.

DB:PQN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:CASH Share Price ÷ EPS (both in EUR)

= 1.92 ÷ 0.12

16.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosegur Cash is good value based on earnings compared to the Europe Commercial Services industry average.
  • Prosegur Cash is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Prosegur Cash's expected growth come at a high price?
Raw Data
DB:PQN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
12.2%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:PQN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.52x ÷ 12.2%

1.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosegur Cash is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Prosegur Cash's assets?
Raw Data
DB:PQN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.16
BME:CASH Share Price * BME (2019-04-18) in EUR €1.92
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:PQN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:CASH Share Price ÷ Book Value per Share (both in EUR)

= 1.92 ÷ 0.16

12.09x

* Primary Listing of Prosegur Cash.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosegur Cash is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Prosegur Cash's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Prosegur Cash has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PQN Future Performance

 How is Prosegur Cash expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prosegur Cash expected to grow at an attractive rate?
  • Prosegur Cash's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Prosegur Cash's earnings growth is expected to exceed the Germany market average.
  • Prosegur Cash's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PQN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PQN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 12.2%
DB:PQN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 6%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PQN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PQN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,074 271 255 3
2020-12-31 1,958 279 223 7
2019-12-31 1,841 259 198 3
DB:PQN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,732 226 174
2018-09-30 1,706 162 199
2018-06-30 1,843 166 222
2018-03-31 1,887 181 232
2017-12-31 1,924 183 304
2017-09-30 1,928 298
2017-06-30 1,901 306 327
2017-03-31 1,823 307
2016-12-31 1,724 259 226

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Prosegur Cash's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Prosegur Cash's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PQN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Prosegur Cash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PQN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.17 0.18 0.16 2.00
2020-12-31 0.15 0.16 0.14 6.00
2019-12-31 0.13 0.14 0.13 5.00
DB:PQN Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.12
2018-09-30 0.13
2018-06-30 0.15
2018-03-31 0.15
2017-12-31 0.20
2017-09-30 0.34
2017-06-30 0.30
2017-03-31 0.46
2016-12-31 0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Prosegur Cash is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Prosegur Cash's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prosegur Cash has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PQN Past Performance

  How has Prosegur Cash performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prosegur Cash's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Prosegur Cash's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Prosegur Cash's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Prosegur Cash's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
Prosegur Cash's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prosegur Cash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PQN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,731.61 174.23 328.33
2018-09-30 1,705.66 198.69 331.03
2018-06-30 1,843.32 222.29 327.48
2018-03-31 1,887.26 231.69 331.03
2017-12-31 1,924.26 304.39 329.60
2017-09-30 1,927.96 298.20 305.76
2017-06-30 1,900.55 327.13 322.86
2017-03-31 1,822.86 307.00 305.76
2016-12-31 1,724.26 225.60 305.76
2015-12-31 1,746.27 208.50 329.90
2014-12-31 1,663.14 172.04 282.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Prosegur Cash made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Prosegur Cash used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Prosegur Cash's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Prosegur Cash's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prosegur Cash has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PQN Health

 How is Prosegur Cash's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Prosegur Cash's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prosegur Cash is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prosegur Cash's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Prosegur Cash's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prosegur Cash Company Filings, last reported 3 months ago.

DB:PQN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 237.99 820.01 275.01
2018-09-30 317.20 755.80 264.10
2018-06-30 280.80 739.47 262.98
2018-03-31 290.00 744.30 315.40
2017-12-31 263.79 774.45 322.48
2017-09-30 330.20 751.50 339.10
2017-06-30 302.95 716.84 316.07
2017-03-31 345.30 743.10 272.50
2016-12-31 185.47 859.01 215.41
2015-12-31 957.15 454.67 530.22
2014-12-31 1,150.85 370.10 499.26
  • Prosegur Cash's level of debt (344.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Prosegur Cash's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (27.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 26.9x coverage).
X
Financial health checks
We assess Prosegur Cash's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Prosegur Cash has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PQN Dividends

 What is Prosegur Cash's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.1%
Current annual income from Prosegur Cash dividends. Estimated to be 4.08% next year.
If you bought €2,000 of Prosegur Cash shares you are expected to receive €82 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Prosegur Cash's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Prosegur Cash's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PQN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PQN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.09 4.00
2020-12-31 0.08 8.00
2019-12-31 0.07 7.00
DB:PQN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.079 3.942
2018-02-28 0.072 3.425

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Prosegur Cash has stable dividend payments.
  • Prosegur Cash only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Prosegur Cash's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Prosegur Cash's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prosegur Cash afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prosegur Cash has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PQN Management

 What is the CEO of Prosegur Cash's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
José Lasanta Luri
CEO Bio

Mr. José Antonio Lasanta Luri serves as Chief Executive Officer and Managing Director at Prosegur Cash, S.A. and has been its Executive Director since December 19, 2016. Mr. Lasanta Luri serves as Global Director of Strategy and Business Development of Prosegur Compania de Seguridad S.A. and served as its Head of Strategy and Growth for Asia. He served as Director of Strategy and R egional Director of Asia at Prosegur Compañía de Seguridad, S.A. He joined Prosegur in 2004, where he held different offices within the Prosegur Group such as Chief Strategy Officer, Corporate Development Director, Managing Director for Asia, Managing Director for Technology Business and Global Chief Financial Officer. He served as Director of Nordés-Prosegur Technology of Prosegur Compania de Seguridad S.A. He held executive positions in the consulting firm McKinsey and in the investment bank Rothschild. He has a degree in European Business Administration from Universidad Pontificia Comillas ­ ICADE (Spain).

CEO Compensation
  • Insufficient data for José to compare compensation growth.
  • Insufficient data for José to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Christian Revoredo

TITLE
Executive Chairman & Executive President

José Lasanta Luri

TITLE
CEO, MD & Executive Director

Javier Vázquez

TITLE
Chief Financial Officer

Pablo De La Morena Arranz

TITLE
Investor Relations Director

Juan Luis Martín Carrera

TITLE
Human Resources Director

Juan Cocci

TITLE
Managing Director of Latin America

Renata Navarro

TITLE
Secretary

Martín Matos

TITLE
Deputy Managing Director of Latin America

Gonzaga Robles

TITLE
Managing Director of European Region and AoA

Roldán Pereda

TITLE
Vice Secretary
Board of Directors Tenure

Average tenure and age of the Prosegur Cash board of directors in years:

2.2
Average Tenure
56
Average Age
  • The average tenure for the Prosegur Cash board of directors is less than 3 years, this suggests a new board.
Board of Directors

Christian Revoredo

TITLE
Executive Chairman & Executive President
TENURE
2.3 yrs

José Lasanta Luri

TITLE
CEO, MD & Executive Director
TENURE
2.3 yrs

Pedro Guerrero Guerrero

TITLE
Deputy Chairman of the Board of Directors
AGE
65

Claudio Pemán

TITLE
Independent Director
TENURE
2.2 yrs

Daniel Entrecanales Domecq

TITLE
Independent Director
TENURE
2.2 yrs

Antonio Rubio Merino

TITLE
Proprietary Director
AGE
49
TENURE
2.3 yrs

María Benjumea Cabeza De Vaca

TITLE
Independent Director
TENURE
2.2 yrs

Chantal Revoredo

TITLE
Proprietary Director
TENURE
2.2 yrs

Ana de Vicuña Bemberg

TITLE
Independent Director
AGE
56
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Prosegur Cash's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Prosegur Cash has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PQN News

Simply Wall St News

PQN Company Info

Description

Prosegur Cash, S.A. provides cash logistics and cash management, and other outsourced services to financial institutions, retailers, government agencies and central banks, mints, jewelers, and other commercial operations worldwide. The company’s services include local and international transport services, including pick-up, transport, safekeeping, delivery, and cash deposit services for cash and other high worth valuables, such as jewelry, art, precious metal, electronic devices, pharmaceuticals, voting cards, and judicial evidence. It also provides cash management services that include counting, processing, fitness determination, custody, and ATM replenishment, as well as preparation and delivery of notes and coins. In addition, the company offers outsourcing services comprising retail automation through self-service cash automatization machines, including cash deposit devices, recycling and distribution of coins and notes services, and bill payment services; ATM management services, such as forecasting, monitoring, first and second level maintenance, and balancing services; and added value outsourced services for financial institutions, including branch forecasting, reconciliation and settlement, and credit card support services. Prosegur Cash, S.A. was incorporated in 2016 and is based in Madrid, Spain.

Details
Name: Prosegur Cash, S.A.
PQN
Exchange: DB
Founded: 2016
€2,877,969,970
1,498,942,693
Website: http://www.prosegurcash.com
Address: Prosegur Cash, S.A.
calle Santa Sabina, 8,
Madrid,
Madrid, 28007,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME CASH Ordinary Shares Bolsas y Mercados Espanoles ES EUR 17. Mar 2017
OTCPK PGUU.F Ordinary Shares Pink Sheets LLC US USD 17. Mar 2017
DB PQN Ordinary Shares Deutsche Boerse AG DE EUR 17. Mar 2017
LSE 0RNO Ordinary Shares London Stock Exchange GB EUR 17. Mar 2017
BMV CASH N Ordinary Shares Bolsa Mexicana de Valores MX MXN 17. Mar 2017
Number of employees
Current staff
Staff numbers
58,394
Prosegur Cash employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:59
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.