Securitas AB (publ)

LSE:0IAH Stock Report

Market Cap: SEK 77.4b

Securitas Valuation

Is 0IAH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 0IAH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0IAH (SEK135.05) is trading below our estimate of fair value (SEK254.99)

Significantly Below Fair Value: 0IAH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0IAH?

Key metric: As 0IAH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0IAH. This is calculated by dividing 0IAH's market cap by their current earnings.
What is 0IAH's PE Ratio?
PE Ratio16.3x
EarningsSEK 4.73b
Market CapSEK 77.37b

Price to Earnings Ratio vs Peers

How does 0IAH's PE Ratio compare to its peers?

The above table shows the PE ratio for 0IAH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
RTO Rentokil Initial
26.1x15.1%UK£10.2b
ITRK Intertek Group
23.5x10.2%UK£7.3b
MTO Mitie Group
11.3x11.3%UK£1.4b
SRP Serco Group
11.5x3.7%UK£1.6b
0IAH Securitas
16.3x18.7%SEK 77.4b

Price-To-Earnings vs Peers: 0IAH is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (18.1x).

Price to Earnings Ratio vs Industry

How does 0IAH's PE Ratio compare vs other companies in the European Commercial Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0IAH 16.3xIndustry Avg. 14.6xNo. of Companies14PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0IAH is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the European Commercial Services industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is 0IAH'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.

0IAH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.3x
Fair PE Ratio31x

Price-To-Earnings vs Fair Ratio: 0IAH is good value based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (31x).

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 0IAH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 135.05
SEK 132.92
-1.6%
21.7%SEK 175.00SEK 88.00n/a12
Nov ’25SEK 125.28
SEK 122.83
-1.9%
19.8%SEK 160.00SEK 88.00n/a12
Oct ’25SEK 128.67
SEK 122.08
-5.1%
21.0%SEK 160.00SEK 83.00n/a12
Sep ’25SEK 120.00
SEK 117.64
-2.0%
19.9%SEK 160.00SEK 83.00n/a11
Aug ’25SEK 117.06
SEK 116.91
-0.1%
20.8%SEK 160.00SEK 83.00n/a11
Jul ’25SEK 106.28
SEK 113.73
+7.0%
20.9%SEK 158.00SEK 81.00n/a11
Jun ’25SEK 110.93
SEK 113.91
+2.7%
20.7%SEK 158.00SEK 81.00n/a11
May ’25SEK 110.48
SEK 112.91
+2.2%
21.9%SEK 158.00SEK 80.00n/a11
Apr ’25SEK 110.38
SEK 113.83
+3.1%
21.9%SEK 158.00SEK 74.00n/a12
Mar ’25SEK 113.76
SEK 112.92
-0.7%
22.2%SEK 158.00SEK 74.00n/a12
Feb ’25SEK 101.32
SEK 104.54
+3.2%
25.0%SEK 154.00SEK 74.00n/a12
Jan ’25SEK 98.58
SEK 103.96
+5.5%
24.5%SEK 153.00SEK 74.00n/a12
Dec ’24SEK 94.45
SEK 103.88
+10.0%
24.8%SEK 153.00SEK 70.00n/a12
Nov ’24SEK 89.96
SEK 104.23
+15.9%
25.4%SEK 150.00SEK 70.00SEK 125.2811
Oct ’24SEK 86.67
SEK 103.18
+19.1%
25.7%SEK 150.00SEK 70.00SEK 128.6711
Sep ’24SEK 90.18
SEK 103.09
+14.3%
25.7%SEK 150.00SEK 70.00SEK 120.0011
Aug ’24SEK 89.12
SEK 101.08
+13.4%
25.6%SEK 150.00SEK 70.00SEK 117.0612
Jul ’24SEK 88.57
SEK 99.42
+12.2%
25.3%SEK 150.00SEK 70.00SEK 106.2812
Jun ’24SEK 80.72
SEK 98.85
+22.5%
24.6%SEK 150.00SEK 70.00SEK 110.9313
May ’24SEK 91.81
SEK 99.21
+8.1%
24.0%SEK 150.00SEK 70.00SEK 110.4814
Apr ’24SEK 92.29
SEK 98.93
+7.2%
24.0%SEK 150.00SEK 70.00SEK 110.3814
Mar ’24SEK 88.94
SEK 98.86
+11.2%
23.9%SEK 150.00SEK 70.00SEK 113.7614
Feb ’24SEK 96.39
SEK 97.93
+1.6%
24.4%SEK 150.00SEK 70.00SEK 101.3214
Jan ’24SEK 88.33
SEK 97.31
+10.2%
25.1%SEK 150.00SEK 70.00SEK 98.5813
Dec ’23SEK 85.60
SEK 97.69
+14.1%
24.8%SEK 150.00SEK 70.00SEK 94.4513
Nov ’23SEK 91.80
SEK 101.00
+10.0%
28.1%SEK 180.00SEK 70.00SEK 89.9612

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y