Securitas Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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 SECUBS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SECUBS (SEK90.81) is trading below our estimate of fair value (SEK164.38)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SECUBS. This is calculated by dividing SECUBS's market cap by their current earnings.
What is SECUBS's PE Ratio?
PE Ratio	39.6x
Earnings	SEK 1.45b
Market Cap	SEK 57.38b

SECUBS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	8.7x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SECUBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	32.6x
RTO Rentokil Initial	26.1x	15.1%	UK£10.2b
MTO Mitie Group	11.3x	11.3%	UK£1.4b
SRP Serco Group	11.5x	3.7%	UK£1.6b
SMS Smart Metering Systems	81.4x	15.2%	UK£1.3b
SECUBS Securitas	39.6x	51.3%	SEK 57.4b

Price-To-Earnings vs Peers: SECUBS is expensive based on its Price-To-Earnings Ratio (39.6x) compared to the peer average (36.7x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SECUBS is expensive based on its Price-To-Earnings Ratio (39.6x) compared to the European Commercial Services industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is SECUBS'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.

SECUBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	39.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SECUBS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.