BME:CASH

Stock Analysis Report

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Executive Summary

Prosegur Cash, S.A. provides cash in transit, cash management, and outsourcing services to finance institutions, businesses, government institutions and central banks, mints, and jewelry stores worldwide. More Details


Snowflake Analysis

Undervalued average dividend payer.

Share Price & News

How has Prosegur Cash's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CASH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.6%

CASH

-5.8%

ES Commercial Services

-6.4%

ES Market


1 Year Return

-51.5%

CASH

-19.0%

ES Commercial Services

-26.8%

ES Market

Return vs Industry: CASH underperformed the Spanish Commercial Services industry which returned -18.7% over the past year.

Return vs Market: CASH underperformed the Spanish Market which returned -26.6% over the past year.


Shareholder returns

CASHIndustryMarket
7 Day-2.6%-5.8%-6.4%
30 Day-5.0%-4.8%-4.4%
90 Day-4.6%-2.6%-4.7%
1 Year-49.1%-51.5%-16.9%-19.0%-24.7%-26.8%
3 Year-74.1%-76.8%-23.3%-30.3%-26.3%-32.8%
5 Yearn/a-0.8%-16.6%-21.9%-33.9%

Price Volatility Vs. Market

How volatile is Prosegur Cash's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Prosegur Cash undervalued compared to its fair value and its price relative to the market?

42.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CASH (€0.67) is trading below our estimate of fair value (€1.16)

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


Price To Earnings Ratio

PE vs Industry: CASH is good value based on its PE Ratio (9.1x) compared to the XE Commercial Services industry average (16.6x).

PE vs Market: CASH is good value based on its PE Ratio (9.1x) compared to the Spanish market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: CASH is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: CASH is overvalued based on its PB Ratio (6.6x) compared to the XE Commercial Services industry average (1.6x).


Next Steps

Future Growth

How is Prosegur Cash forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

17.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CASH's forecast earnings growth (17.4% per year) is above the savings rate (1.3%).

Earnings vs Market: CASH's earnings (17.4% per year) are forecast to grow slower than the Spanish market (31.5% per year).

High Growth Earnings: CASH's earnings are forecast to grow, but not significantly.

Revenue vs Market: CASH's revenue (6% per year) is forecast to grow slower than the Spanish market (6.6% per year).

High Growth Revenue: CASH's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CASH's Return on Equity is forecast to be very high in 3 years time (46.8%).


Next Steps

  • Explore growth companies in the Commercial Services industry.

Past Performance

How has Prosegur Cash performed over the past 5 years?

-17.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CASH has high quality earnings.

Growing Profit Margin: CASH's current net profit margins (6.5%) are lower than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: CASH's earnings have declined by 17.6% per year over the past 5 years.

Accelerating Growth: CASH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CASH had negative earnings growth (-23.1%) over the past year, making it difficult to compare to the Commercial Services industry average (-2.9%).


Return on Equity

High ROE: Whilst CASH's Return on Equity (72.19%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Prosegur Cash's financial position?


Financial Position Analysis

Short Term Liabilities: CASH's short term assets (€912.6M) exceed its short term liabilities (€605.7M).

Long Term Liabilities: CASH's short term assets (€912.6M) do not cover its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: CASH's debt to equity ratio (764.3%) is considered high.

Reducing Debt: CASH's debt to equity ratio has increased from 36.9% to 764.3% over the past 5 years.

Debt Coverage: CASH's debt is well covered by operating cash flow (26.7%).

Interest Coverage: CASH's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Next Steps

Dividend

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

8.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CASH's dividend (8.74%) is higher than the bottom 25% of dividend payers in the Spanish market (2.44%).

High Dividend: CASH's dividend (8.74%) is in the top 25% of dividend payers in the Spanish market (7.3%)


Stability and Growth of Payments

Stable Dividend: CASH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CASH has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79.3%), CASH's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CASH's dividends in 3 years are forecast to be covered by earnings (50% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average board tenure


CEO

José Antonio Lasanta Luri

no data

Tenure

Mr. José Antonio Lasanta Luri serves as Chief Executive Officer at Prosegur Cash, S.A. and has been its Executive Director since December 19, 2016. He served as a Managing Director at Prosegur Cash, S.A. M ...


Board Members

NamePositionTenureCompensationOwnership
Christian Revoredo
Chairman3.83yrsno datano data
José Antonio Lasanta Luri
CEO & Executive Directorno datano datano data
Pedro Guerrero Guerrero
Deputy Chairman of the Board of Directorsno datano datano data
Antonio Rubio Merino
Proprietary Director3.83yrsno datano data
Claudio Aguirre Pemán
Independent Director3.58yrsno datano data
Chantal Gut Revoredo
Proprietary Director3.58yrsno datano data
Daniel Entrecanales Domecq
Independent Director3.58yrsno datano data
Ana Ines Sainz de Vicuna Bemberg
Independent Director3.58yrsno datano data
María Benjumea de Vaca
Independent Director3.58yrsno datano data

3.6yrs

Average Tenure

58yo

Average Age

Experienced Board: CASH's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Prosegur Cash, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prosegur Cash, S.A.
  • Ticker: CASH
  • Exchange: BME
  • Founded: 2016
  • Industry: Security and Alarm Services
  • Sector: Commercial Services
  • Market Cap: €1.009b
  • Shares outstanding: 1.52b
  • Website: https://www.prosegurcash.com

Number of Employees


Location

  • Prosegur Cash, S.A.
  • Calle Santa Sabina, 8
  • Madrid
  • Madrid
  • 28007
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RNOLSE (London Stock Exchange)YesOrdinary SharesGBEURMar 2017
CASHBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURMar 2017
CASHEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMar 2017
PQNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2017
CASH NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNMar 2017
PGUU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2017
PGUC.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDSep 2019

Biography

Prosegur Cash, S.A. provides cash in transit, cash management, and outsourcing services to finance institutions, businesses, government institutions and central banks, mints, and jewelry stores worldwide. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 21:56
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.