Prosegur Compañía de Seguridad
Market Cap
€1.2b
Last Updated
2020/04/02 23:12 UTC
Data Sources
Company Financials +
Executive Summary
Prosegur Compañía de Seguridad, S.A. operates in the private security sector in Europe, Asia-Oceania-Africa, and Ibero-America.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued established dividend payer.
Similar Companies
Share Price & News
How has Prosegur Compañía de Seguridad's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-4.6%
PSG
0.8%
ES Commercial Services
-2.8%
ES Market
1 Year Return
-55.5%
PSG
-30.8%
ES Commercial Services
-27.7%
ES Market
Return vs Industry: PSG underperformed the Spanish Commercial Services industry which returned -30.8% over the past year.
Return vs Market: PSG underperformed the Spanish Market which returned -27.7% over the past year.
Shareholder returns
| PSG | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.6% | 0.8% | -2.8% |
| 30 Day | -36.8% | -28.4% | -22.6% |
| 90 Day | -41.8% | -35.7% | -29.4% |
| 1 Year | -54.5%-55.5% | -28.6%-30.8% | -25.1%-27.7% |
| 3 Year | -56.2%-60.9% | -30.8%-36.7% | -27.0%-33.8% |
| 5 Year | -52.7%-59.8% | -21.4%-32.8% | -29.2%-40.9% |
Price Volatility Vs. Market
How volatile is Prosegur Compañía de Seguridad's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At Prosegur Compañía de Seguridad, S.A.'s (BME:PSG) P/E Ratio2 weeks ago | Simply Wall St
Is Prosegur Compañía de Seguridad, S.A.’s (BME:PSG) 13% ROCE Any Good?4 weeks ago | Simply Wall St
Why Prosegur Compañía de Seguridad, S.A.'s (BME:PSG) High P/E Ratio Isn't Necessarily A Bad ThingValuation
Is Prosegur Compañía de Seguridad undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PSG (€2.2) is trading below our estimate of fair value (€4.47)
Significantly Below Fair Value: PSG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PSG is good value based on its PE Ratio (11.5x) compared to the Commercial Services industry average (12.6x).
PE vs Market: PSG is good value based on its PE Ratio (11.5x) compared to the Spanish market (13.8x).
Price to Earnings Growth Ratio
PEG Ratio: PSG is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: PSG is overvalued based on its PB Ratio (1.5x) compared to the XE Commercial Services industry average (1.3x).
Next Steps
Future Growth
How is Prosegur Compañía de Seguridad forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
13.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSG's forecast earnings growth (13.5% per year) is above the savings rate (0.4%).
Earnings vs Market: PSG's earnings (13.5% per year) are forecast to grow faster than the Spanish market (10.6% per year).
High Growth Earnings: PSG's earnings are forecast to grow, but not significantly.
Revenue vs Market: PSG's revenue (2.1% per year) is forecast to grow slower than the Spanish market (4% per year).
High Growth Revenue: PSG's revenue (2.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PSG's Return on Equity is forecast to be low in 3 years time (16.7%).
Next Steps
Past Performance
How has Prosegur Compañía de Seguridad performed over the past 5 years?
-9.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSG has high quality earnings.
Growing Profit Margin: PSG's current net profit margins (2.7%) are lower than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: PSG's earnings have declined by -9.1% per year over the past 5 years.
Accelerating Growth: PSG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PSG had negative earnings growth (-13.9%) over the past year, making it difficult to compare to the Commercial Services industry average (8.9%).
Return on Equity
High ROE: PSG's Return on Equity (17.8%) is considered low.
Next Steps
Financial Health
How is Prosegur Compañía de Seguridad's financial position?
Financial Position Analysis
Short Term Liabilities: PSG's short term assets (€2.0B) exceed its short term liabilities (€1.3B).
Long Term Liabilities: PSG's short term assets (€2.0B) exceed its long term liabilities (€1.8B).
Debt to Equity History and Analysis
Debt Level: PSG's debt to equity ratio (180.5%) is considered high.
Reducing Debt: PSG's debt to equity ratio has increased from 107.4% to 180.5% over the past 5 years.
Debt Coverage: PSG's debt is well covered by operating cash flow (22.6%).
Interest Coverage: PSG's interest payments on its debt are well covered by EBIT (15x coverage).
Balance Sheet
Inventory Level: PSG has a high level of physical assets or inventory.
Debt Coverage by Assets: PSG's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Prosegur Compañía de Seguridad's current dividend yield, its reliability and sustainability?
6.05%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PSG's dividend (6%) is higher than the bottom 25% of dividend payers in the Spanish market (3.01%).
High Dividend: PSG's dividend (6%) is low compared to the top 25% of dividend payers in the Spanish market (8.08%).
Stability and Growth of Payments
Stable Dividend: PSG's dividends per share have been stable in the past 10 years.
Growing Dividend: PSG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68.8%), PSG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PSG's dividends in 3 years are forecast to be covered by earnings (58.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Christian Revoredo
12.25s
Tenure
€1,336,000
Compensation
Mr. Christian Gut Revoredo has been Chairman at Prosegur Cash, S.A. since December 2016 & serves as its Executive Director. Mr. Revoredo has been the Chief Executive Officer of Prosegur Compañía de Segurid ...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD0.00) is below average for companies of similar size in the Spanish market ($USD1.03M).
Compensation vs Earnings: Insufficient data to compare Christian's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 16.25yrs | €620.00k | 0.038% €467.0k | |
| CEO, MD | 12.25yrs | €1.34m | no data | |
| Non-Executive Vice Chairman | 2.92yrs | €296.00k | no data | |
| Chief Financial Officer | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Global Director of Strategy & Business Development | no data | no data | no data | |
| Corporate Director of Human Resources | no data | no data | no data | |
| Chairman of Prosegur Latam | no data | no data | no data | |
| Non-board Member Secretary | 2.25yrs | no data | no data | |
| Non-board Member Vice Secretary | 2.25yrs | no data | no data |
2.6yrs
Average Tenure
Experienced Management: PSG's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 16.25yrs | €620.00k | 0.038% €467.0k | |
| CEO, MD | 12.25yrs | €1.34m | no data | |
| Non-Executive Vice Chairman | 2.92yrs | €296.00k | no data | |
| External Director | 14.83yrs | €142.00k | no data | |
| External Independent Director | 2.83yrs | no data | 0.00093% €11.5k | |
| External Independent Director | 4yrs | no data | no data | |
| Proprietary Director | 22.83yrs | €117.00k | no data | |
| External Independent Director | 7.92yrs | €105.00k | no data |
11.4yrs
Average Tenure
72yo
Average Age
Experienced Board: PSG's board of directors are seasoned and experienced ( 11.4 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 Compañía de Seguridad, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Prosegur Compañía de Seguridad, S.A.
- Ticker: PSG
- Exchange: BME
- Founded: 1976
- Industry: Security and Alarm Services
- Sector: Commercial Services
- Market Cap: €1.241b
- Shares outstanding: 568.60m
- Website: https://www.prosegur.com
Number of Employees
Location
- Prosegur Compañía de Seguridad, S.A.
- Calle Pajaritos, no. 24
- Madrid
- Madrid
- 28007
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PRHA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 1988 |
| PSG | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Jul 1988 |
| 0Q8P | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jul 1988 |
| PSGE | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jul 1988 |
| PSG N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jul 1988 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 23:12 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.