Securitas
Securitas AB provides security services in North America, Europe, Latin America, Africa, the Middle East, Asia, and Australia. The last earnings update was 17 days ago. More info.
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SECU B Share Price and Events
7 Day Returns
1 Year Returns
SECU B Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Securitas (SECU B) | -2.8% | -2% | 7.2% | 15.4% | 22.3% | 107.5% |
| SE Commercial Services | -1.7% | -2.8% | 0.3% | 8.8% | 12% | 54.5% |
| SE Market | 0.7% | -2.1% | 2.8% | 0.1% | 12.9% | 17.5% |
1 Year Return vs Industry and Market
- SECU B outperformed the Commercial Services industry which returned 8.8% over the past year.
- SECU B outperformed the Market in Sweden which returned 0.1% over the past year.
Value
Is Securitas undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Securitas
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Securitas.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 15 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.2% |
| Perpetual Growth Rate | 10-Year SE Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SE Govt Bond Rate | 0.4% |
| Equity Risk Premium | S&P Global | 6% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.72 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 22%) (39.86%)) |
0.962 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.96 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.962 * 5.96%) |
6.17% |
Discounted Cash Flow Calculation for OM:SECU B using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Securitas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (SEK, Millions) | Source |
Present Value Discounted (@ 6.17%) |
|
|---|---|---|---|
| 2019 | 2,437.67 | Analyst x6 | 2,296.09 |
| 2020 | 2,838.07 | Analyst x9 | 2,517.98 |
| 2021 | 3,575.90 | Analyst x7 | 2,988.33 |
| 2022 | 3,888.34 | Est @ 8.74% | 3,060.71 |
| 2023 | 4,131.22 | Est @ 6.25% | 3,063.03 |
| 2024 | 4,317.25 | Est @ 4.5% | 3,015.04 |
| 2025 | 4,458.95 | Est @ 3.28% | 2,933.15 |
| 2026 | 4,567.21 | Est @ 2.43% | 2,829.87 |
| 2027 | 4,650.78 | Est @ 1.83% | 2,714.29 |
| 2028 | 4,716.41 | Est @ 1.41% | 2,592.72 |
| Present value of next 10 years cash flows | SEK28,011.21 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= SEK4,716.41 × (1 + 0.43%) ÷ (6.17% – 0.43%) |
SEK82,643.53 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= SEK82,643.53 ÷ (1 + 6.17%)10 |
SEK45,431.15 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= SEK28,011.21 + SEK45,431.15 |
SEK73,442.36 |
| Equity Value per Share (SEK) |
= Total value / Shares Outstanding
= SEK73,442.36 / 365.06 |
SEK201.18 |
| Calculation | Result | |
|---|---|---|
| Value per share (SEK) | From above. | SEK201.18 |
| Current discount | Discount to share price of
SEK160.50
= -1 x (SEK160.50 - SEK201.18) / SEK201.18 |
20.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Securitas's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Securitas's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Securitas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Securitas's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in SEK | SEK8.45 |
| OM:SECU B Share Price ** | OM (2019-05-23) in SEK | SEK160.5 |
| Sweden Commercial Services Industry PE Ratio | Median Figure of 11 Publicly-Listed Commercial Services Companies | 16.42x |
| Sweden Market PE Ratio | Median Figure of 323 Publicly-Listed Companies | 16.87x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Securitas.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OM:SECU B Share Price ÷ EPS (both in SEK) = 160.5 ÷ 8.45 |
18.99x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Securitas is overvalued based on earnings compared to the SE Commercial Services industry average.
- Securitas is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does
Securitas's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 18.99x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts |
9.1%per year |
| Sweden Commercial Services Industry PEG Ratio | Median Figure of 10 Publicly-Listed Commercial Services Companies | 1.07x |
| Sweden Market PEG Ratio | Median Figure of 235 Publicly-Listed Companies | 1.34x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 18.99x ÷ 9.1% |
2.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Securitas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Securitas's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in SEK | SEK51.55 |
| OM:SECU B Share Price * | OM (2019-05-23) in SEK | SEK160.5 |
| Sweden Commercial Services Industry PB Ratio | Median Figure of 19 Publicly-Listed Commercial Services Companies | 1.83x |
| Sweden Market PB Ratio | Median Figure of 568 Publicly-Listed Companies | 2.46x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OM:SECU B Share Price ÷ Book Value per Share (both in SEK) = 160.5 ÷ 51.55 |
3.11x |
* Primary Listing of Securitas.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Securitas is overvalued based on assets compared to the SE Commercial Services industry average.
Value checks
We assess Securitas's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) Securitas has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Securitas expected to perform in the next 1 to 3 years based on estimates from 15 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Securitas's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
- Securitas's earnings growth is expected to exceed the Sweden market average.
- Securitas's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OM:SECU B Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts | 9.1% |
| OM:SECU B Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts | 3.8% |
| Sweden Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| Sweden Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
| Sweden Market Earnings Growth Rate | Market Cap Weighted Average | 8.7% |
| Sweden Market Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 122,708 | 4,178 | 1 | |
| 2021-12-31 | 119,574 | 6,516 | 4,285 | 13 |
| 2020-12-31 | 114,889 | 5,693 | 3,816 | 15 |
| 2019-12-31 | 111,010 | 4,853 | 3,544 | 11 |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 104,855 | 4,715 | 3,085 |
| 2018-12-31 | 101,467 | 3,857 | 3,016 |
| 2018-09-30 | 98,667 | 3,304 | 2,924 |
| 2018-06-30 | 95,497 | 2,689 | 2,951 |
| 2018-03-31 | 93,062 | 2,742 | 2,811 |
| 2017-12-31 | 92,197 | 4,039 | 2,750 |
| 2017-09-30 | 91,888 | 3,435 | 2,804 |
| 2017-06-30 | 91,553 | 3,771 | 2,750 |
| 2017-03-31 | 90,039 | 3,490 | 2,691 |
| 2016-12-31 | 88,162 | 3,293 | 2,642 |
| 2016-09-30 | 85,478 | 3,024 | 2,610 |
| 2016-06-30 | 83,630 | 3,187 | 2,567 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
All data from Securitas Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 11.44 | 11.44 | 11.44 | 1.00 |
| 2021-12-31 | 11.42 | 13.70 | 8.78 | 9.00 |
| 2020-12-31 | 10.24 | 11.58 | 8.47 | 11.00 |
| 2019-12-31 | 9.73 | 10.14 | 9.38 | 8.00 |
| Date (Data in SEK Millions) | EPS * |
|---|---|
| 2019-03-31 | 8.45 |
| 2018-12-31 | 8.26 |
| 2018-09-30 | 8.01 |
| 2018-06-30 | 8.08 |
| 2018-03-31 | 7.70 |
| 2017-12-31 | 7.53 |
| 2017-09-30 | 7.68 |
| 2017-06-30 | 7.53 |
| 2017-03-31 | 7.37 |
| 2016-12-31 | 7.24 |
| 2016-09-30 | 7.15 |
| 2016-06-30 | 7.03 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Securitas's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Securitas has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Securitas performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Securitas's year on year earnings growth rate has been positive over the past 5 years.
- Securitas's 1-year earnings growth exceeds its 5-year average (9.8% vs 9.3%)
- Securitas's earnings growth has not exceeded the SE Commercial Services industry average in the past year (9.8% vs 9.8%).
Earnings and Revenue History
All data from Securitas Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 104,854.70 | 3,084.90 | 13,027.50 | |
| 2018-12-31 | 101,466.70 | 3,015.90 | 12,654.50 | |
| 2018-09-30 | 98,667.20 | 2,923.70 | 12,430.50 | |
| 2018-06-30 | 95,497.40 | 2,951.20 | 11,963.30 | |
| 2018-03-31 | 93,062.20 | 2,810.50 | 11,738.60 | |
| 2017-12-31 | 92,196.80 | 2,749.70 | 11,593.80 | |
| 2017-09-30 | 91,888.30 | 2,804.40 | 11,546.90 | |
| 2017-06-30 | 91,552.80 | 2,750.10 | 11,497.10 | |
| 2017-03-31 | 90,038.60 | 2,690.50 | 11,255.00 | |
| 2016-12-31 | 88,162.40 | 2,642.00 | 10,970.80 | |
| 2016-09-30 | 85,477.70 | 2,609.50 | 10,612.60 | |
| 2016-06-30 | 83,630.20 | 2,566.90 | 10,367.60 | |
| 2016-03-31 | 81,988.30 | 2,484.50 | 10,162.80 | |
| 2015-12-31 | 80,860.10 | 2,436.50 | 10,063.20 | |
| 2015-09-30 | 78,812.30 | 2,402.30 | 9,808.20 | |
| 2015-06-30 | 76,347.10 | 2,287.70 | 9,500.10 | |
| 2015-03-31 | 73,592.10 | 2,186.00 | 9,140.70 | |
| 2014-12-31 | 70,217.10 | 2,068.40 | 8,726.60 | |
| 2014-09-30 | 67,959.20 | 1,927.90 | 8,438.80 | |
| 2014-06-30 | 66,561.60 | 1,873.60 | 8,265.60 | |
| 2014-03-31 | 65,951.20 | 1,886.70 | 8,198.00 | |
| 2013-12-31 | 65,700.10 | 1,852.50 | 8,112.40 | |
| 2013-09-30 | 65,725.70 | 1,426.40 | 7,988.90 | |
| 2013-06-30 | 65,594.30 | 1,340.70 | 7,971.50 | |
| 2013-03-31 | 66,054.00 | 1,207.30 | 8,027.80 | |
| 2012-12-31 | 66,458.20 | 1,174.20 | 8,081.50 | |
| 2012-09-30 | 66,733.20 | 1,588.10 | 8,139.10 | |
| 2012-06-30 | 66,888.20 | 1,673.70 | 8,124.60 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Securitas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Securitas used its assets more efficiently than the SE Commercial Services industry average last year based on Return on Assets.
- Securitas's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Securitas's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Securitas has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Securitas's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Securitas's finances.
The net worth of a company is the difference between its assets and liabilities.
- Securitas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Securitas's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Securitas Company Filings, last reported 1 month ago.
| Date (Data in SEK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 18,847.00 | 23,355.00 | 3,472.00 |
| 2018-12-31 | 17,656.60 | 18,362.40 | 3,228.80 |
| 2018-09-30 | 16,807.70 | 18,755.90 | 2,377.40 |
| 2018-06-30 | 16,436.80 | 20,034.10 | 2,630.20 |
| 2018-03-31 | 16,474.70 | 17,778.30 | 2,495.10 |
| 2017-12-31 | 15,539.00 | 16,607.50 | 3,610.60 |
| 2017-09-30 | 14,196.50 | 16,715.00 | 2,546.20 |
| 2017-06-30 | 13,921.50 | 18,069.00 | 3,039.00 |
| 2017-03-31 | 14,904.90 | 16,610.30 | 2,462.70 |
| 2016-12-31 | 14,507.90 | 16,446.70 | 2,414.50 |
| 2016-09-30 | 13,295.50 | 16,875.50 | 2,391.70 |
| 2016-06-30 | 12,263.40 | 17,305.20 | 2,179.70 |
| 2016-03-31 | 12,552.00 | 16,500.30 | 2,804.40 |
| 2015-12-31 | 12,530.40 | 12,565.30 | 2,071.20 |
| 2015-09-30 | 12,003.90 | 13,963.20 | 2,622.40 |
| 2015-06-30 | 11,377.60 | 14,508.70 | 2,386.30 |
| 2015-03-31 | 12,267.60 | 14,174.80 | 2,525.00 |
| 2014-12-31 | 11,299.20 | 14,448.50 | 3,425.10 |
| 2014-09-30 | 10,185.80 | 13,696.90 | 2,290.70 |
| 2014-06-30 | 9,260.80 | 14,031.50 | 2,233.60 |
| 2014-03-31 | 9,568.90 | 12,817.50 | 2,552.00 |
| 2013-12-31 | 9,381.30 | 13,870.00 | 4,049.80 |
| 2013-09-30 | 8,696.40 | 13,188.50 | 2,731.60 |
| 2013-06-30 | 8,567.00 | 14,126.00 | 2,170.10 |
| 2013-03-31 | 8,824.50 | 16,902.50 | 6,640.00 |
| 2012-12-31 | 8,602.20 | 15,085.90 | 4,880.70 |
| 2012-09-30 | 8,382.30 | 15,942.50 | 4,564.60 |
| 2012-06-30 | 9,341.00 | 15,041.40 | 4,464.00 |
- Securitas's level of debt (123.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (134.1% vs 123.9% today).
- Debt is well covered by operating cash flow (20.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 10.4x coverage).
Financial health checks
We assess Securitas's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Securitas has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Securitas's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
SEK2,000 of
Securitas
shares you are expected to receive
SEK55
in your first year as a dividend.
Dividend Amount
- Securitas's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.82%).
- Securitas's dividend is below the markets top 25% of dividend payers in Sweden (4.36%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Sweden Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 3.2% |
| Sweden Market Average Dividend Yield | Market Cap Weighted Average of 243 Stocks | 3.2% |
| Sweden Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Sweden Bottom 25% Dividend Yield | 25th Percentile | 1.8% |
| Sweden Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in SEK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 5.89 | 1.00 |
| 2021-12-31 | 5.74 | 14.00 |
| 2020-12-31 | 5.19 | 16.00 |
| 2019-12-31 | 4.92 | 14.00 |
| Date (Data in SEK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-26 | 4.400 | 2.752 |
| 2018-03-26 | 4.000 | 2.711 |
| 2017-03-30 | 3.750 | 2.679 |
| 2016-04-01 | 3.500 | 2.561 |
| 2015-03-27 | 3.000 | 2.533 |
| 2014-04-14 | 3.000 | 3.489 |
| 2014-02-10 | 3.000 | 4.185 |
| 2013-02-07 | 3.000 | 4.591 |
| 2012-08-08 | 3.000 | 5.731 |
| 2012-02-09 | 3.000 | 5.224 |
| 2011-03-29 | 3.000 | 4.919 |
| 2010-05-04 | 3.000 | 4.093 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Securitas has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Securitas only paid a dividend in the past 9 years.
Income/ dividend checks
We assess Securitas's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Securitas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Securitas has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| AGE | 44 |
| TENURE AS CEO | 1.2 years |
CEO Bio
Mr. Magnus Ahlqvist has been President and Chief Executive Officer of Securitas AB since March 1, 2018. Mr. Ahlqvist was Divisional President of Security Services Europe at Securitas AB since September 1, 2015 and served as its Member of Securitas Group Management from September 1, 2015 to March 1, 2018. Mr. Ahlqvist served as Corporate Vice President of EMEA and APAC of Motorola Mobility, Inc. He holds a Master of Science in Economics and Business Administration from Stockholm School of Economics and studied leadership from Harvard Business School.
CEO Compensation
- Insufficient data for Magnus to compare compensation growth.
- Insufficient data for Magnus to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure
Average tenure and age of the Securitas management team in years:
- The tenure for the Securitas management team is about average.
Management Team
Alf Göransson
Advisor to the President & CEO
SEK29M
61
1.2 yrs
Magnus Ahlqvist
President & CEO
44
1.2 yrs
Bart Adam
Chief Financial Officer
53
6.3 yrs
Martin Althén
Chief Information Officer
50
2.6 yrs
Lisa Sjökvist
Head of Investor Relations & Acting Senior VP of Corporate Communications
48
Frida Rosenholm
Senior Vice President & General Counsel
44
1 yrs
Cathryn Halton
Marketing and Communications Director
3.5 yrs
Bill Barthelemy
Chief Operating Officer of Security Services - North America
64
Jan Lindström
Senior Vice President of Finance
52
12.3 yrs
Aimé Lyagre
COO & CTO of Security Services Europe
59
8.7 yrs
Board of Directors Tenure
Average tenure and age of the Securitas board of directors in years:
- The average tenure for the Securitas board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Marie Ehrling
Chairman
SEK2M
63
3 yrs
Carl Douglas
Vice Chairman
SEK850K
53
11.3 yrs
Don Walker
Chairman of Security Services Usa
Fredrik Cappelen
Director
SEK825K
61
11.1 yrs
Dick Lennart Seger
Director
SEK550K
65
2 yrs
Sofia Högberg
Director
SEK725K
40
14.3 yrs
Susanne Israelsson
Employee Representative Director
60
15.3 yrs
Åse Hjelm
Employee Representative Director
56
11.3 yrs
Jan Prang
Employee Representative Director
59
11.3 yrs
Anders Böös
Director
SEK725K
54
3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Securitas insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SEK) | Value (SEK) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Mar 19 | Sell | Martin Althén | Individual | 06. Mar 19 | 06. Mar 19 | -2,546 | SEK146.74 | SEK-373,600 | ||
| 07. Mar 19 | Buy | Martin Althén | Individual | 06. Mar 19 | 06. Mar 19 | 4,388 | SEK146.74 | SEK643,895 | ||
| 07. Mar 19 | Sell | Magnus Ahlqvist | Individual | 06. Mar 19 | 06. Mar 19 | -1,824 | SEK146.74 | SEK-267,654 | ||
| 07. Mar 19 | Buy | Magnus Ahlqvist | Individual | 06. Mar 19 | 06. Mar 19 | 4,052 | SEK146.74 | SEK594,590 | ||
| 07. Mar 19 | Buy | Luis Posadas | Individual | 06. Mar 19 | 06. Mar 19 | 6,201 | SEK146.74 | SEK909,935 | ||
| 07. Mar 19 | Sell | Aimé Lyagre | Individual | 06. Mar 19 | 06. Mar 19 | -2,807 | SEK146.74 | SEK-411,899 | ||
| 07. Mar 19 | Buy | Aimé Lyagre | Individual | 06. Mar 19 | 06. Mar 19 | 4,710 | SEK146.74 | SEK691,145 | ||
| 07. Mar 19 | Buy | Marc Pissens | Individual | 06. Mar 19 | 06. Mar 19 | 12,740 | SEK146.74 | SEK1,869,468 | ||
| 07. Mar 19 | Sell | Bart Adam | Individual | 06. Mar 19 | 06. Mar 19 | -9,625 | SEK146.74 | SEK-1,412,372 | ||
| 07. Mar 19 | Buy | Bart Adam | Individual | 06. Mar 19 | 06. Mar 19 | 16,153 | SEK146.74 | SEK2,370,291 | ||
| 07. Mar 19 | Sell | Jan Lindström | Individual | 06. Mar 19 | 06. Mar 19 | -2,536 | SEK146.74 | SEK-372,133 | ||
| 07. Mar 19 | Buy | Jan Lindström | Individual | 06. Mar 19 | 06. Mar 19 | 4,371 | SEK146.74 | SEK641,401 | ||
| 07. Mar 19 | Sell | Henrik Zetterberg | Individual | 06. Mar 19 | 06. Mar 19 | -2,140 | SEK146.74 | SEK-314,024 | ||
| 07. Mar 19 | Buy | Henrik Zetterberg | Individual | 06. Mar 19 | 06. Mar 19 | 3,687 | SEK146.74 | SEK541,030 | ||
| 07. Mar 19 | Buy | William Barthelemy | Individual | 06. Mar 19 | 06. Mar 19 | 8,750 | SEK146.74 | SEK1,283,975 | ||
| 07. Mar 19 | Buy | Santiago Galaz | Individual | 06. Mar 19 | 06. Mar 19 | 33,264 | SEK146.74 | SEK4,881,159 | ||
Management checks
We assess Securitas's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Securitas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Read This Before Buying Securitas AB (STO:SECU B) For Its Dividend
Dividend paying stocks like Securitas AB (STO:SECU B) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Securitas has grown its earnings per share at 11% per annum over the past five years. … Securitas's earnings per share have grown rapidly in recent years, although more than half of its profits are being paid out as dividends, which makes us wonder if the company has a limited number of reinvestment opportunities in its business.
Simply Wall St - – Full articleIf You Had Bought Securitas (STO:SECU B) Shares Five Years Ago You'd Have Made 117%
For example, the Securitas AB (STO:SECU B) share price has soared 117% in the last half decade. … During five years of share price growth, Securitas achieved compound earnings per share (EPS) growth of 10% per year. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return.
Simply Wall St - – Full articleInterested In Securitas AB (STO:SECU B)’s Upcoming kr4.40 Dividend? You Have 3 Days Left
Investors who want to cash in on Securitas AB's (STO:SECU B) upcoming dividend of kr4.40 per share have only 3 days left to buy the shares before its ex-dividend date, 07 May 2019, in time for dividends payable on the 13 May 2019. … Is it paying an annual yield above 75% of dividend payers? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?
Simply Wall St - – Full articleWhy You Should Like Securitas AB’s (STO:SECU B) ROCE
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleIf You Like EPS Growth Then Check Out Securitas (STO:SECU B) Before It's Too Late
So if you're like me, you might be more interested in profitable, growing companies, like Securitas (STO:SECU B). … It's no surprise, then, that I like to invest in companies with EPS growth. … Securitas maintained stable EBIT margins over the last year, all while growing revenue 10% to kr101b.
Simply Wall St - – Full articleHow Much Are Securitas AB (STO:SECU B) Insiders Spending On Buying Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Securitas AB (STO:SECU B). … The good news for Securitas share holders is that insiders were buying at near the current price.
Simply Wall St - – Full articleHow Financially Strong Is Securitas AB (STO:SECU B)?
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Securitas AB (STO:SECU B), with a market capitalization of kr57b, rarely draw their attention from the investing community. … Let’s take a look at SECU B’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … SECU B’s Debt (And Cash Flows)
Simply Wall St - – Full articleIs Securitas AB's (STO:SECU B) ROE Of 17% Impressive?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every SEK1 worth of equity in the company, it was able to earn SEK0.17. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Securitas AB's (STO:SECU B) High P/E Ratio A Problem For Investors?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Securitas has a price to earnings ratio of 18.1, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleSecuritas AB (STO:SECU B): What Does The Future Look Like?
The latest earnings release Securitas AB's (STO:SECU B) announced in December 2018a … suggested
Simply Wall St - – Full articleCompany Info
Description
Securitas AB provides security services in North America, Europe, Latin America, Africa, the Middle East, Asia, and Australia. The company operates through three segments: Security Services North America, Security Services Europe, and Security Services Ibero-America. It primarily offers on-site, mobile and remote guarding, electronic security, fire and safety, and corporate risk management services. The company also provides aviation security, canine, executive protection, international security, loss prevention, receptionist/concierge, response/call-out, screening, alarm, security consulting, and track and trace services. It serves small, medium, and large sized businesses, as well as residential sites. Securitas AB was founded in 1934 and is headquartered in Stockholm, Sweden.
Details
| Name: | Securitas AB |
| SECU B | |
| Exchange: | OM |
| Founded: | 1934 |
| SEK58,591,952,968 | |
| 365,058,897 | |
| Website: | http://www.securitas.com |
| Address: |
Securitas AB Lindhagensplan 70, Stockholm, Stockholm County, 102 28, Sweden |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OM | SECU B | Series B Shares | OMX Nordic Exchange Stockholm | SE | SEK | 02. Jan 1992 | |
| OTCPK | SCTB.F | Series B Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | S7MB | Series B Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| LSE | 0IAH | Series B Shares | London Stock Exchange | GB | SEK | 02. Jan 1992 | |
| BATS-CHIXE | SECUBS | Series B Shares | BATS 'Chi-X Europe' | GB | SEK | 02. Jan 1992 | |
| OTCPK | SCTB.Y | UNSPONSORED ADR | Pink Sheets LLC | US | USD | 22. Oct 2008 |
Number of employees
Current staff
Industry
| Security and Alarm Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 20:38 |
| End of day share price update: | 2019/05/23 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/05/06 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
