Loading...

Prosegur Compañía de Seguridad

DB:PRHA
Snowflake Description

Adequate balance sheet second-rate dividend payer.

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

Prosegur Compañía de Seguridad, S.A. operates in the private security sector in Europe, Asia-Oceania-Africa, and Ibero-America. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
PRHA Share Price and Events
7 Day Returns
-2%
DB:PRHA
0.1%
DE Commercial Services
0.8%
DE Market
1 Year Returns
-26.2%
DB:PRHA
-6.3%
DE Commercial Services
-4.5%
DE Market
PRHA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prosegur Compañía de Seguridad (PRHA) -2% -4.4% -2.3% -26.2% -7.2% -3.4%
DE Commercial Services 0.1% 3.3% 10.1% -6.3% 3.5% -41.2%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • PRHA underperformed the Commercial Services industry which returned -6.3% over the past year.
  • PRHA underperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
PRHA
Industry
5yr Volatility vs Market
Related Companies

PRHA Value

 Is Prosegur Compañía de Seguridad 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 Compañía de Seguridad 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 Compañía de Seguridad.

DB:PRHA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
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:PRHA
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 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 25%) (55.36%))
1.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.027 * 8.18%)
8.63%

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

The calculations below outline how an intrinsic value for Prosegur Compañía de Seguridad 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:PRHA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.63%)
2019 190.50 Analyst x2 175.37
2020 233.33 Analyst x3 197.74
2021 301.50 Analyst x2 235.21
2022 355.54 Est @ 17.92% 255.34
2023 400.39 Est @ 12.62% 264.71
2024 436.02 Est @ 8.9% 265.37
2025 463.48 Est @ 6.3% 259.68
2026 484.23 Est @ 4.48% 249.75
2027 499.74 Est @ 3.2% 237.28
2028 511.28 Est @ 2.31% 223.47
Present value of next 10 years cash flows €2,363.91
DB:PRHA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €511.28 × (1 + 0.23%) ÷ (8.63% – 0.23%)
€6,100.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,100.29 ÷ (1 + 8.63%)10
€2,666.36
DB:PRHA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,363.91 + €2,666.36
€5,030.27
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,030.27 / 598.58
€8.4
DB:PRHA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PRHA represents 0.99269x of BME:PSG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99269x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.40 x 0.99269
€8.34
Value per share (EUR) From above. €8.34
Current discount Discount to share price of €4.62
= -1 x (€4.62 - €8.34) / €8.34
44.6%

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

Current Discount
Amount off the current price Prosegur Compañía de Seguridad is available for.
Intrinsic value
45%
Share price is €4.62 vs Future cash flow value of €8.34
Current Discount Checks
For Prosegur Compañía de Seguridad to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Prosegur Compañía de Seguridad's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Prosegur Compañía de Seguridad's share price is below the future cash flow value, and 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 Compañía de Seguridad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prosegur Compañía de Seguridad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PRHA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.22
BME:PSG Share Price ** BME (2019-04-25) in EUR €4.65
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 17.06x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Prosegur Compañía de Seguridad.

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

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

= 4.65 ÷ 0.22

21.06x

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

  • Prosegur Compañía de Seguridad is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Prosegur Compañía de Seguridad is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Prosegur Compañía de Seguridad's expected growth come at a high price?
Raw Data
DB:PRHA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
17.7%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.4x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.06x ÷ 17.7%

1.19x

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

  • Prosegur Compañía de Seguridad is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Prosegur Compañía de Seguridad's assets?
Raw Data
DB:PRHA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.67
BME:PSG Share Price * BME (2019-04-25) in EUR €4.65
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 1.87x
DB:PRHA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.65 ÷ 1.67

2.79x

* Primary Listing of Prosegur Compañía de Seguridad.

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

  • Prosegur Compañía de Seguridad is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Prosegur Compañía de Seguridad'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 Compañía de Seguridad 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.

PRHA Future Performance

 How is Prosegur Compañía de Seguridad expected to perform in the next 1 to 3 years based on estimates from 9 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
17.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prosegur Compañía de Seguridad expected to grow at an attractive rate?
  • Prosegur Compañía de Seguridad's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Prosegur Compañía de Seguridad's earnings growth is expected to exceed the Germany market average.
  • Prosegur Compañía de Seguridad's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PRHA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PRHA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 17.7%
DB:PRHA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 4.7%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:PRHA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PRHA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,491 400 230 5
2020-12-31 4,398 371 197 9
2019-12-31 4,137 360 171 9
DB:PRHA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,939 276 132
2018-09-30 3,935 316 155
2018-06-30 4,173 290 158
2018-03-31 4,232 261 143
2017-12-31 4,291 279 150
2017-09-30 4,243 281 152
2017-06-30 4,194 247 127
2017-03-31 4,072 274 127
2016-12-31 3,902 268 134
2016-09-30 3,860 257 149
2016-06-30 3,844 303 187
2016-03-31 3,888 243 185

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Prosegur Compañía de Seguridad's earnings are expected to grow by 17.7% yearly, however this is not considered high growth (20% yearly).
  • Prosegur Compañía de Seguridad's revenue is expected to grow by 4.7% 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:PRHA 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 9 Analyst Estimates (S&P Global) See Below

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

DB:PRHA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.35 0.44 0.27 4.00
2020-12-31 0.32 0.37 0.27 8.00
2019-12-31 0.28 0.30 0.26 6.00
DB:PRHA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.22
2018-09-30 0.25
2018-06-30 0.26
2018-03-31 0.25
2017-12-31 0.25
2017-09-30 0.25
2017-06-30 0.21
2017-03-31 0.22
2016-12-31 0.22
2016-09-30 0.26
2016-06-30 0.31
2016-03-31 0.31

*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 Compañía de Seguridad is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Prosegur Compañía de Seguridad'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 Compañía de Seguridad has a total score of 2/6, 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.

PRHA Past Performance

  How has Prosegur Compañía de Seguridad 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 Compañía de Seguridad'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 Compañía de Seguridad's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Prosegur Compañía de Seguridad's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Prosegur Compañía de Seguridad's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
Prosegur Compañía de Seguridad'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 Compañía de Seguridad Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PRHA 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 3,939.21 132.28 642.80
2018-09-30 3,935.26 155.25 631.48
2018-06-30 4,172.99 157.62 637.05
2018-03-31 4,231.66 143.35 631.48
2017-12-31 4,290.66 150.35 631.48
2017-09-30 4,242.97 152.18 608.53
2017-06-30 4,193.90 126.91 589.46
2017-03-31 4,071.57 126.76 553.13
2016-12-31 3,902.27 134.16 553.13
2016-09-30 3,860.47 149.45 1,005.97
2016-06-30 3,843.93 186.54 572.28
2016-03-31 3,888.38 184.58 599.08
2015-12-31 3,959.38 183.38 599.08
2015-09-30 3,948.78 177.22 559.14
2015-06-30 3,925.60 170.14 586.11
2015-03-31 3,865.48 165.92 559.14
2014-12-31 3,782.58 158.72 559.14
2014-09-30 3,718.16 158.46 491.85
2014-06-30 3,664.24 159.97 532.57
2014-03-31 3,662.06 159.46 491.85
2013-12-31 3,695.16 155.86 541.01
2013-09-30 3,739.04 164.24 36.62
2013-06-30 3,753.99 163.64 776.59
2013-03-31 3,766.84 163.54 36.62
2012-12-31 3,669.09 171.94 498.03
2012-09-30 3,490.71 164.83 262.64
2012-06-30 3,253.46 160.20 21.66

*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.
  • Prosegur Compañía de Seguridad has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Prosegur Compañía de Seguridad used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Prosegur Compañía de Seguridad's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Prosegur Compañía de Seguridad'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 Compañía de Seguridad has a total score of 0/6, 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.

PRHA Health

 How is Prosegur Compañía de Seguridad'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 Compañía de Seguridad's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prosegur Compañía de Seguridad is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prosegur Compañía de Seguridad's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Prosegur Compañía de Seguridad'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.4x 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 Compañía de Seguridad Company Filings, last reported 3 months ago.

DB:PRHA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,066.46 1,542.28 1,047.62
2018-09-30 1,138.50 1,471.60 955.10
2018-06-30 1,095.85 1,458.81 1,018.04
2018-03-31 1,157.00 1,991.00 1,598.00
2017-12-31 1,143.44 1,418.36 1,121.24
2017-09-30 1,514.23 1,327.92 1,232.15
2017-06-30 1,503.05 1,300.08 1,256.18
2017-03-31 1,553.90 1,343.30 1,287.30
2016-12-31 751.50 1,581.98 824.63
2016-09-30 734.30 1,030.20 293.80
2016-06-30 732.60 966.25 262.76
2016-03-31 707.70 986.70 252.50
2015-12-31 699.63 955.54 317.17
2015-09-30 770.90 991.60 243.60
2015-06-30 839.80 975.50 249.12
2015-03-31 941.10 965.60 298.20
2014-12-31 864.06 963.86 293.50
2014-09-30 837.80 984.10 301.40
2014-06-30 777.02 983.23 252.83
2014-03-31 776.60 972.30 260.60
2013-12-31 654.52 1,059.91 294.14
2013-09-30 691.40 974.50 157.60
2013-06-30 670.35 901.03 184.85
2013-03-31 770.30 1,057.40 147.50
2012-12-31 731.80 1,037.81 169.26
2012-09-30 717.50 767.70 192.70
2012-06-30 656.31 793.29 237.68
  • Prosegur Compañía de Seguridad's level of debt (144.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (161.5% vs 144.6% today).
  • Debt is not well covered by operating cash flow (17.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.2x coverage).
X
Financial health checks
We assess Prosegur Compañía de Seguridad'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 Compañía de Seguridad has a total score of 4/6, 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.

PRHA Dividends

 What is Prosegur Compañía de Seguridad'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
2.75%
Current annual income from Prosegur Compañía de Seguridad dividends. Estimated to be 2.9% next year.
If you bought €2,000 of Prosegur Compañía de Seguridad shares you are expected to receive €55 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 Compañía de Seguridad's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Prosegur Compañía de Seguridad's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
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:PRHA 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 9 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 326 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:PRHA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.15 5.00
2020-12-31 0.13 9.00
2019-12-31 0.13 9.00
DB:PRHA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.128 2.617
2018-07-27 0.116 2.396
2018-02-28 0.116 1.932
2016-02-29 0.111 1.957
2015-02-25 0.107 2.342
2014-02-28 0.107 2.189
2013-05-09 0.107 2.462
2012-07-16 0.102 2.434
2012-03-01 0.102 2.474
2011-02-28 0.098 2.790
2011-02-25 0.098 2.407
2010-07-09 0.019 0.442
2010-03-01 0.089 2.536

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

  • Prosegur Compañía de Seguridad has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Prosegur Compañía de Seguridad only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Prosegur Compañía de Seguridad's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Prosegur Compañía de Seguridad'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 Compañía de Seguridad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prosegur Compañía de Seguridad has a total score of 3/6, see the detailed checks below.


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

PRHA Management

 What is the CEO of Prosegur Compañía de Seguridad'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
Christian Revoredo
COMPENSATION €1,336,000
TENURE AS CEO 11.3 years
CEO Bio

Mr. Christian Gut Revoredo has been Executive Chairman at Prosegur Cash, S.A. since December 2016 and serves as its Executive President. Mr. Revoredo has been the Chief Executive Officer of Prosegur Compañía de Seguridad, S.A. since January 2008 and serves as its Managing Director and Senior Advisor. He has been an Executive Director of Prosegur Compañía de Seguridad, S.A. since June 30, 1997. Until 2007, he served as the General Manager of Prosegur in Spain. He has been a Director at Euroforum since 2006. He serves as Director of Prosegur Cash, S.A. He is member of the board (patronato) of Fundación Prosegur. Mr. Revoredo holds a Bachelor's degree in Economics and Business Administration from CUNEF (Centro Universitario de Estudios Financieros) (Spain) and Master in Business Administration (MBA) by Insead (France). Professional profile: Member of the Board of Trustees of the Prosegur Foundation

CEO Compensation
  • Insufficient data for Christian to compare compensation growth.
  • Christian's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Prosegur Compañía de Seguridad management team in years:

1.6
Average Tenure
  • The average tenure for the Prosegur Compañía de Seguridad management team is less than 2 years, this suggests a new team.
Management Team

Helena Irene Revoredo Delvecchio

TITLE
Chairman
COMPENSATION
€620K
AGE
71

Christian Revoredo

TITLE
CEO, MD
COMPENSATION
€1M
TENURE
11.3 yrs

Isidro Barreiro

TITLE
Non-Executive Vice Chairman
COMPENSATION
€296K
TENURE
1.9 yrs

Antonio Rubio Merino

TITLE
Chief Financial Officer
AGE
49

Antonio de Cárcer

TITLE
Head of Investor Relations

José Lasanta Luri

TITLE
Global Director of Strategy & Business Development

Miguel Bandrés Gutiérrez

TITLE
Corporate Director of Human Resources

Rodrigo Zulueta Galilea

TITLE
Chairman of Prosegur Latam

Arnau Monne

TITLE
Non-board Member Secretary
TENURE
1.3 yrs

María Cadahía

TITLE
Non-board Member Vice Secretary
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Prosegur Compañía de Seguridad board of directors in years:

10.4
Average Tenure
71
Average Age
  • The average tenure for the Prosegur Compañía de Seguridad board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Helena Irene Revoredo Delvecchio

TITLE
Chairman
COMPENSATION
€620K
AGE
71
TENURE
15.3 yrs

Christian Revoredo

TITLE
CEO, MD
COMPENSATION
€1M
TENURE
21.8 yrs

Isidro Barreiro

TITLE
Non-Executive Vice Chairman
COMPENSATION
€296K
TENURE
1.9 yrs

Fernando Ruiz

TITLE
External Independent Director
COMPENSATION
€105K
TENURE
6.9 yrs

Fernando D’Ornellas Silva

TITLE
External Independent Director
AGE
61
TENURE
3 yrs

Chantal Revoredo

TITLE
Proprietary Director
COMPENSATION
€117K
TENURE
21.8 yrs

Eugenio Ruiz-Gálvez Priego

TITLE
External Director
COMPENSATION
€142K
TENURE
13.8 yrs

Ángel Adeva

TITLE
External Independent Director
AGE
75
TENURE
1.8 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 Compañía de Seguridad'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 Compañía de Seguridad 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.

PRHA News

Simply Wall St News

PRHA Company Info

Description

Prosegur Compañía de Seguridad, S.A. operates in the private security sector in Europe, Asia-Oceania-Africa, and Ibero-America. The company operates through Security, Cash, and Alarms segments. The Security segment offers control center, global risk advisory, and consulting services; CCTV and video processing and management, access control, intrusion detection, fire protection, interphones and PA, integrated security, and fleet tracking systems, as well as maintenance services; on-site manned guarding, mobility, personal protection, indoor geolocation, cargo tracking, and goods in transit custody services; and legal assistance, inventories and logistic processes, receptionists, telephone operators, concierges, and events services. It also provides cybersecurity solutions comprising managed and digital security, audits and ethical hacking, and consulting. The Cash segment offers securities logistics and cash management, and outsourcing services for the banking and distribution sectors. The Alarms segment installs and maintains home alarms, as well as provides alarm monitoring services for families and businesses. The company was founded in 1976 and is headquartered in Madrid, Spain. Prosegur Compañía de Seguridad, S.A. is a subsidiary of Gubel, S.L.

Details
Name: Prosegur Compañía de Seguridad, S.A.
PRHA
Exchange: DB
Founded: 1976
€2,785,803,578
598,582,634
Website: http://www.prosegur.com
Address: Prosegur Compañía de Seguridad, S.A.
Calle Pajaritos, no. 24,
Madrid,
Madrid, 28007,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME PSG Ordinary Shares Bolsas y Mercados Espanoles ES EUR 05. Jul 1988
OTCPK PGCS.F Ordinary Shares Pink Sheets LLC US USD 05. Jul 1988
DB PRHA Ordinary Shares Deutsche Boerse AG DE EUR 05. Jul 1988
LSE 0Q8P Ordinary Shares London Stock Exchange GB EUR 05. Jul 1988
BMV PSG N Ordinary Shares Bolsa Mexicana de Valores MX MXN 05. Jul 1988
BATS-CHIXE PSGE Ordinary Shares BATS 'Chi-X Europe' GB EUR 05. Jul 1988
Number of employees
Current staff
Staff numbers
167,987
Prosegur Compañía de Seguridad employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 20:56
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/17
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.