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.
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
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
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
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
is considered below, and whether this is a fair price.
Price based on past earnings
Prosegur Cash's earnings available for a low price, and how does
this compare to other companies in the same industry?
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.
Prosegur Cash's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
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).
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.
Executive Chairman & Executive President
José Lasanta Luri
CEO, MD & Executive Director
Chief Financial Officer
Pablo De La Morena Arranz
Investor Relations Director
Juan Luis Martín Carrera
Human Resources Director
Managing Director of Latin America
Deputy Managing Director of Latin America
Managing Director of European Region and AoA
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Prosegur Cash board of directors is less than 3 years, this suggests a new board.
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.
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