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Securitas

DB:S7MB
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S7MB
DB
SEK59B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Securitas AB provides security services in North America, Europe, Latin America, Africa, the Middle East, Asia, and Australia. The last earnings update was 6 days ago. More info.


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S7MB Share Price and Events
7 Day Returns
1.6%
DB:S7MB
3.7%
DE Commercial Services
2.5%
DE Market
1 Year Returns
14.4%
DB:S7MB
-8.4%
DE Commercial Services
-6.7%
DE Market
S7MB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Securitas (S7MB) 1.6% 7.4% 11.7% 14.4% 5.7% 82.6%
DE Commercial Services 3.7% 1.2% 12.5% -8.4% 3.6% -42.7%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • S7MB outperformed the Commercial Services industry which returned -8.4% over the past year.
  • S7MB outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
S7MB
Industry
5yr Volatility vs Market

S7MB Value

 Is Securitas 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 Securitas 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 Securitas.

DB:S7MB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
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:S7MB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
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- 22%) (31.39%))
0.943
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.943 * 5.96%)
5.85%

Discounted Cash Flow Calculation for DB:S7MB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Securitas 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:S7MB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.85%)
2019 2,661.83 Analyst x6 2,514.82
2020 2,964.95 Analyst x8 2,646.48
2021 3,761.66 Analyst x5 3,172.17
2022 4,339.13 Est @ 15.35% 3,457.05
2023 4,808.39 Est @ 10.81% 3,619.33
2024 5,175.68 Est @ 7.64% 3,680.63
2025 5,455.96 Est @ 5.42% 3,665.66
2026 5,666.52 Est @ 3.86% 3,596.85
2027 5,823.47 Est @ 2.77% 3,492.32
2028 5,940.36 Est @ 2.01% 3,365.66
Present value of next 10 years cash flows SEK33,210.97
DB:S7MB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK5,940.36 × (1 + 0.23%) ÷ (5.85% – 0.23%)
SEK105,980.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK105,980.11 ÷ (1 + 5.85%)10
SEK60,045.72
DB:S7MB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK33,210.97 + SEK60,045.72
SEK93,256.69
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK93,256.69 / 365.06
SEK255.46
DB:S7MB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:S7MB represents 0.09635x of OM:SECU B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09635x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 255.46 x 0.09635
€24.61
Value per share (EUR) From above. €24.61
Current discount Discount to share price of €15.44
= -1 x (€15.44 - €24.61) / €24.61
37.3%

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

Current Discount
Amount off the current price Securitas is available for.
Intrinsic value
37%
Share price is €15.44 vs Future cash flow value of €24.61
Current Discount Checks
For Securitas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Securitas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Securitas'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 Securitas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Securitas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:S7MB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK8.26
OM:SECU B Share Price ** OM (2019-04-18) in SEK SEK160.25
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.91x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of Securitas.

DB:S7MB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:SECU B Share Price ÷ EPS (both in SEK)

= 160.25 ÷ 8.26

19.4x

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

  • Securitas is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Securitas is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Securitas's expected growth come at a high price?
Raw Data
DB:S7MB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
11.3%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.33x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:S7MB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.4x ÷ 11.3%

1.71x

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

  • Securitas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Securitas's assets?
Raw Data
DB:S7MB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK48.30
OM:SECU B Share Price * OM (2019-04-18) in SEK SEK160.25
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.04x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:S7MB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:SECU B Share Price ÷ Book Value per Share (both in SEK)

= 160.25 ÷ 48.30

3.32x

* Primary Listing of Securitas.

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

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

S7MB Future Performance

 How is Securitas expected to perform in the next 1 to 3 years based on estimates from 15 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
11.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Securitas expected to grow at an attractive rate?
  • Securitas's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Securitas's earnings growth is positive but not above the Germany market average.
  • Securitas's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:S7MB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:S7MB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 11.3%
DB:S7MB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 4.5%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
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:S7MB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:S7MB Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 126,778 1
2022-12-31 123,085 1
2021-12-31 117,493 6,606 4,271 12
2020-12-31 113,046 5,745 3,878 15
2019-12-31 108,446 5,150 3,512 14
DB:S7MB Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 101,467 3,857 3,016
2018-09-30 98,667 3,200 2,910
2018-06-30 95,497 2,585 2,938
2018-03-31 93,062 2,638 2,797
2017-12-31 92,197 4,039 2,750
2017-09-30 91,888 3,435 2,804
2017-06-30 91,553 3,771 2,750
2017-03-31 90,039 3,490 2,691
2016-12-31 88,162 3,293 2,642
2016-09-30 85,478 3,024 2,610
2016-06-30 83,630 3,187 2,567
2016-03-31 81,988 3,171 2,485

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Securitas's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • Securitas's revenue is expected to grow by 4.5% 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:S7MB 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 15 Analyst Estimates (S&P Global) See Below

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

DB:S7MB Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 11.43 13.23 8.78 7.00
2020-12-31 10.43 11.58 8.47 11.00
2019-12-31 9.35 9.93 7.70 9.00
DB:S7MB Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 8.26
2018-09-30 7.97
2018-06-30 8.05
2018-03-31 7.66
2017-12-31 7.53
2017-09-30 7.68
2017-06-30 7.53
2017-03-31 7.37
2016-12-31 7.24
2016-09-30 7.15
2016-06-30 7.03
2016-03-31 6.81

*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.
  • Securitas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Securitas'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.
Securitas has a total score of 1/6, 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.

S7MB Past Performance

  How has Securitas 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 Securitas'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.
  • Securitas's year on year earnings growth rate has been positive over the past 5 years.
  • Securitas's 1-year earnings growth exceeds its 5-year average (9.7% vs 9.6%)
  • Securitas's earnings growth has not exceeded the Europe Commercial Services industry average in the past year (9.7% vs 16%).
Earnings and Revenue History
Securitas'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 Securitas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S7MB Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 101,466.70 3,015.90 12,654.50
2018-09-30 98,666.90 2,910.00 12,450.30
2018-06-30 95,497.10 2,937.50 11,983.10
2018-03-31 93,061.90 2,796.80 11,758.40
2017-12-31 92,196.80 2,749.70 11,593.80
2017-09-30 91,888.30 2,804.40 11,546.90
2017-06-30 91,552.80 2,750.10 11,497.10
2017-03-31 90,038.60 2,690.50 11,255.00
2016-12-31 88,162.40 2,642.00 10,970.80
2016-09-30 85,477.70 2,609.50 10,612.60
2016-06-30 83,630.20 2,566.90 10,367.60
2016-03-31 81,988.30 2,484.50 10,162.80
2015-12-31 80,860.10 2,436.50 10,063.20
2015-09-30 78,812.30 2,402.30 9,808.20
2015-06-30 76,347.10 2,287.70 9,500.10
2015-03-31 73,592.10 2,186.00 9,140.70
2014-12-31 70,217.10 2,068.40 8,726.60
2014-09-30 67,959.20 1,927.90 8,438.80
2014-06-30 66,561.60 1,873.60 8,265.60
2014-03-31 65,951.20 1,886.70 8,198.00
2013-12-31 65,700.10 1,852.50 8,112.40
2013-09-30 65,725.70 1,426.40 7,988.90
2013-06-30 65,594.30 1,340.70 7,971.50
2013-03-31 66,054.00 1,207.30 8,027.80
2012-12-31 66,458.20 1,174.20 8,081.50
2012-09-30 66,733.20 1,588.10 8,139.10
2012-06-30 66,888.20 1,673.70 8,124.60

*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.
  • Securitas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Securitas used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Securitas has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Securitas'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.
Securitas has a total score of 4/6, 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.

S7MB Health

 How is Securitas'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 Securitas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Securitas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Securitas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Securitas'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 Securitas Company Filings, last reported 3 months ago.

DB:S7MB Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 17,656.60 18,362.40 3,228.80
2018-09-30 16,807.70 18,755.90 2,377.40
2018-06-30 16,436.80 20,034.10 2,630.20
2018-03-31 16,474.70 17,778.30 2,495.10
2017-12-31 15,539.00 16,607.50 3,610.60
2017-09-30 14,196.50 16,715.00 2,546.20
2017-06-30 13,921.50 18,069.00 3,039.00
2017-03-31 14,904.90 16,610.30 2,462.70
2016-12-31 14,507.90 16,446.70 2,414.50
2016-09-30 13,295.50 16,875.50 2,391.70
2016-06-30 12,263.40 17,305.20 2,179.70
2016-03-31 12,552.00 16,500.30 2,804.40
2015-12-31 12,530.40 12,565.30 2,071.20
2015-09-30 12,003.90 13,963.20 2,622.40
2015-06-30 11,377.60 14,508.70 2,386.30
2015-03-31 12,267.60 14,174.80 2,525.00
2014-12-31 11,299.20 14,448.50 3,425.10
2014-09-30 10,185.80 13,696.90 2,290.70
2014-06-30 9,260.80 14,031.50 2,233.60
2014-03-31 9,568.90 12,817.50 2,552.00
2013-12-31 9,381.30 13,870.00 4,049.80
2013-09-30 8,696.40 13,188.50 2,731.60
2013-06-30 8,567.00 14,126.00 2,170.10
2013-03-31 8,824.50 16,902.50 6,640.00
2012-12-31 8,602.20 15,085.90 4,880.70
2012-09-30 8,382.30 15,942.50 4,564.60
2012-06-30 9,341.00 15,041.40 4,464.00
  • Securitas's level of debt (104%) 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 (147.7% vs 104% today).
  • Debt is well covered by operating cash flow (21%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.2x coverage).
X
Financial health checks
We assess Securitas'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. Securitas has a total score of 5/6, 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.

S7MB Dividends

 What is Securitas'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 Securitas dividends. Estimated to be 3.24% next year.
If you bought €2,000 of Securitas 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?
  • Securitas's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Securitas's dividend is below the markets top 25% of dividend payers in Germany (3.74%).
Upcoming dividend payment

Purchase Securitas before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:S7MB 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 15 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 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:S7MB Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.77 12.00
2020-12-31 5.16 16.00
2019-12-31 4.78 16.00
DB:S7MB Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-26 4.400 2.829
2018-03-26 4.000 2.711
2017-03-30 3.750 2.679
2016-04-01 3.500 2.561
2015-03-27 3.000 2.533
2014-04-14 3.000 3.489
2014-02-10 3.000 4.185
2013-02-07 3.000 4.591
2012-08-08 3.000 5.731
2012-02-09 3.000 5.224
2011-03-29 3.000 4.919
2010-05-04 3.000 4.093
2009-05-07 2.900 4.192
2009-04-20 3.100 4.592

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Securitas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Securitas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Securitas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Securitas has a total score of 5/6, see the detailed checks below.


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

S7MB Management

 What is the CEO of Securitas'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
Magnus Ahlqvist
AGE 44
TENURE AS CEO 1.1 years
CEO Bio

Mr. Magnus Ahlqvist has been President and Chief Executive Officer of Securitas AB since March 1, 2018. Mr. Ahlqvist was Divisional President of Security Services Europe at Securitas AB since September 1, 2015 and served as its Member of Securitas Group Management from September 1, 2015 to March 1, 2018. Mr. Ahlqvist served as Corporate Vice President of EMEA and APAC of Motorola Mobility, Inc. He holds a Master of Science in Economics and Business Administration from Stockholm School of Economics and studied leadership from Harvard Business School.

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

Average tenure and age of the Securitas management team in years:

3
Average Tenure
52
Average Age
  • The tenure for the Securitas management team is about average.
Management Team

Alf Göransson

TITLE
Advisor to the President & CEO
COMPENSATION
SEK29M
AGE
61
TENURE
1.1 yrs

Magnus Ahlqvist

TITLE
President & CEO
AGE
44
TENURE
1.1 yrs

Bart Adam

TITLE
Chief Financial Officer
AGE
53
TENURE
6.3 yrs

Martin Althén

TITLE
Chief Information Officer
AGE
50
TENURE
2.5 yrs

Micaela Sjökvist

TITLE
Head of Investor Relations & Acting Senior VP of Corporate Communications
AGE
48

Frida Rosenholm

TITLE
Senior Vice President & General Counsel
AGE
44
TENURE
0.9 yrs

Cathryn Halton

TITLE
Marketing and Communications Director
TENURE
3.4 yrs

Bill Barthelemy

TITLE
Chief Operating Officer of Security Services - North America
AGE
64

Jan Lindström

TITLE
Senior Vice President of Finance
AGE
52
TENURE
12.3 yrs

Aimé Lyagre

TITLE
COO & CTO of Security Services Europe
AGE
59
TENURE
8.6 yrs
Board of Directors Tenure

Average tenure and age of the Securitas board of directors in years:

11.3
Average Tenure
59
Average Age
  • The average tenure for the Securitas board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Marie Ehrling

TITLE
Chairman
COMPENSATION
SEK2M
AGE
63
TENURE
2.9 yrs

Carl Douglas

TITLE
Vice Chairman
COMPENSATION
SEK850K
AGE
53
TENURE
11.3 yrs

Don Walker

TITLE
Chairman of Security Services Usa

Fredrik Cappelen

TITLE
Director
COMPENSATION
SEK825K
AGE
61
TENURE
11 yrs

Dick Lennart Seger

TITLE
Director
COMPENSATION
SEK550K
AGE
65
TENURE
1.9 yrs

Sofia Högberg

TITLE
Director
COMPENSATION
SEK725K
AGE
40
TENURE
14.3 yrs

Susanne Israelsson

TITLE
Employee Representative Director
AGE
60
TENURE
15.3 yrs

Åse Hjelm

TITLE
Employee Representative Director
AGE
56
TENURE
11.3 yrs

Jan Prang

TITLE
Employee Representative Director
AGE
59
TENURE
11.3 yrs

Anders Böös

TITLE
Director
COMPENSATION
SEK725K
AGE
54
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Securitas insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Mar 19 Sell Martin Althén Individual 06. Mar 19 06. Mar 19 -2,546 €13.95 €-35,525
07. Mar 19 Buy Martin Althén Individual 06. Mar 19 06. Mar 19 4,388 €13.95 €61,227
07. Mar 19 Sell Magnus Ahlqvist Individual 06. Mar 19 06. Mar 19 -1,824 €13.95 €-25,451
07. Mar 19 Buy Magnus Ahlqvist Individual 06. Mar 19 06. Mar 19 4,052 €13.95 €56,539
07. Mar 19 Buy Luis Posadas Individual 06. Mar 19 06. Mar 19 6,201 €13.95 €86,524
07. Mar 19 Sell Aimé Lyagre Individual 06. Mar 19 06. Mar 19 -2,807 €13.95 €-39,167
07. Mar 19 Buy Aimé Lyagre Individual 06. Mar 19 06. Mar 19 4,710 €13.95 €65,720
07. Mar 19 Buy Marc Pissens Individual 06. Mar 19 06. Mar 19 12,740 €13.95 €177,765
07. Mar 19 Sell Bart Adam Individual 06. Mar 19 06. Mar 19 -9,625 €13.95 €-134,300
07. Mar 19 Buy Bart Adam Individual 06. Mar 19 06. Mar 19 16,153 €13.95 €225,387
07. Mar 19 Sell Jan Lindström Individual 06. Mar 19 06. Mar 19 -2,536 €13.95 €-35,385
07. Mar 19 Buy Jan Lindström Individual 06. Mar 19 06. Mar 19 4,371 €13.95 €60,990
07. Mar 19 Sell Henrik Zetterberg Individual 06. Mar 19 06. Mar 19 -2,140 €13.95 €-29,860
07. Mar 19 Buy Henrik Zetterberg Individual 06. Mar 19 06. Mar 19 3,687 €13.95 €51,446
07. Mar 19 Buy William Barthelemy Individual 06. Mar 19 06. Mar 19 8,750 €13.95 €122,091
07. Mar 19 Buy Santiago Galaz Individual 06. Mar 19 06. Mar 19 33,264 €13.95 €464,141
22. May 18 Buy Martin Althén Individual 21. May 18 21. May 18 43 €13.49 €586
22. May 18 Buy Magnus Ahlqvist Individual 21. May 18 21. May 18 179 €13.49 €2,409
22. May 18 Buy Luis Posadas Individual 21. May 18 21. May 18 897 €13.49 €12,100
22. May 18 Buy Aimé Lyagre Individual 21. May 18 21. May 18 527 €13.49 €7,105
22. May 18 Buy Marc Pissens Individual 21. May 18 21. May 18 1,232 €13.49 €16,623
X
Management checks
We assess Securitas'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. Securitas 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.

S7MB News

Simply Wall St News

S7MB Company Info

Description

Securitas AB provides security services in North America, Europe, Latin America, Africa, the Middle East, Asia, and Australia. The company operates through three segments: Security Services North America, Security Services Europe, and Security Services Ibero-America. It primarily offers on-site, mobile and remote guarding, electronic security, fire and safety, and corporate risk management services. The company also provides aviation security, canine, executive protection, international security, loss prevention, receptionist/concierge, response/call-out, screening, alarm, security consulting, and track and trace services. It serves small, medium, and large sized businesses, as well as residential sites. Securitas AB was founded in 1934 and is headquartered in Stockholm, Sweden.

Details
Name: Securitas AB
S7MB
Exchange: DB
Founded: 1934
SEK5,593,164,277
365,058,897
Website: http://www.securitas.com
Address: Securitas AB
Lindhagensplan 70,
Stockholm,
Stockholm County, 102 28,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SECU B Series B Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
OTCPK SCTB.F Series B Shares Pink Sheets LLC US USD 02. Jan 1992
DB S7MB Series B Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0IAH Series B Shares London Stock Exchange GB SEK 02. Jan 1992
BATS-CHIXE SECUBS Series B Shares BATS 'Chi-X Europe' GB SEK 02. Jan 1992
OTCPK SCTB.Y UNSPONSORED ADR Pink Sheets LLC US USD 22. Oct 2008
Number of employees
Current staff
Staff numbers
343,759
Securitas employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:38
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/12
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.