Securitas AB (publ)

DB:S7MB Stock Report

Market Cap: €6.9b

Securitas Valuation

Is S7MB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of S7MB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S7MB (€11.97) is trading below our estimate of fair value (€24.46)

Significantly Below Fair Value: S7MB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for S7MB?

Key metric: As S7MB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for S7MB. This is calculated by dividing S7MB's market cap by their current earnings.
What is S7MB's PE Ratio?
PE Ratio16.7x
EarningsSEK 4.73b
Market CapSEK 79.01b

Price to Earnings Ratio vs Peers

How does S7MB's PE Ratio compare to its peers?

The above table shows the PE ratio for S7MB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
GBF Bilfinger
7.6x2.2%€1.7b
BFSA Befesa
15.1x29.6%€838.4m
CWC CEWE Stiftung KGaA
11.1x2.2%€712.1m
BCO Brink's
33.6x73.6%US$4.0b
S7MB Securitas
16.7x19.2%€79.0b

Price-To-Earnings vs Peers: S7MB is good value based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does S7MB's PE Ratio compare vs other companies in the European Commercial Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
S7MB 16.7xIndustry Avg. 13.6xNo. of Companies15PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: S7MB is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the European Commercial Services industry average (13.6x).

Price to Earnings Ratio vs Fair Ratio

What is S7MB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

S7MB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.7x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: S7MB is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst S7MB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.97
€11.73
-1.9%
21.4%€15.21€7.65n/a13
Dec ’25€11.71
€11.49
-1.8%
21.7%€15.13€7.61n/a12
Nov ’25€10.65
€10.71
+0.6%
19.8%€13.95€7.67n/a12
Oct ’25€11.37
€10.83
-4.7%
21.0%€14.19€7.36n/a12
Sep ’25€10.65
€10.19
-4.3%
19.9%€13.86€7.19n/a11
Aug ’25€9.91
€10.09
+1.9%
20.8%€13.81€7.17n/a11
Jul ’25€9.33
€10.11
+8.3%
20.9%€14.05€7.20n/a11
Jun ’25€9.47
€9.81
+3.6%
20.7%€13.60€6.97n/a11
May ’25€9.40
€9.78
+4.0%
21.9%€13.69€6.93n/a11
Apr ’25€9.56
€9.96
+4.3%
21.9%€13.83€6.48n/a12
Mar ’25€10.12
€10.10
-0.1%
22.2%€14.13€6.62n/a12
Feb ’25€8.87
€9.20
+3.7%
25.0%€13.55€6.51n/a12
Jan ’25€8.94
€9.31
+4.1%
24.5%€13.71€6.63n/a12
Dec ’24€8.32
€9.02
+8.4%
24.8%€13.29€6.08€11.7112
Nov ’24€7.54
€9.04
+19.9%
25.4%€13.02€6.07€10.6511
Oct ’24€7.21
€8.94
+24.1%
25.7%€13.00€6.07€11.3711
Sep ’24€7.46
€8.66
+16.0%
25.7%€12.60€5.88€10.6511
Aug ’24€7.61
€8.73
+14.8%
25.6%€12.96€6.05€9.9112
Jul ’24€7.43
€8.49
+14.2%
25.3%€12.80€5.98€9.3312
Jun ’24€6.93
€8.69
+25.4%
24.6%€13.18€6.15€9.4713
May ’24€7.96
€8.75
+9.9%
24.0%€13.23€6.17€9.4014
Apr ’24€7.98
€8.75
+9.7%
24.0%€13.27€6.19€9.5614
Mar ’24€8.16
€8.88
+8.9%
23.9%€13.48€6.29€10.1214
Feb ’24€8.37
€8.67
+3.6%
24.4%€13.28€6.20€8.8714
Jan ’24€7.90
€8.92
+12.9%
25.1%€13.75€6.42€8.9413
Dec ’23€7.92
€8.93
+12.8%
24.8%€13.71€6.40€8.3213

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 20:34
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Securitas AB (publ) is covered by 33 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Henrik VikstromABG Sundal Collier
Hélène CoumesAlphaValue
Paul Daniel CheckettsBarclays