Securitas AB (publ)

OM:SECU B Stock Report

Market Cap: SEK 90.3b

Securitas Future Growth

Future criteria checks 3/6

Securitas is forecast to grow earnings and revenue by 13.2% and 2.4% per annum respectively. EPS is expected to grow by 13.1% per annum. Return on equity is forecast to be 17.7% in 3 years.

Key information

13.2%

Earnings growth rate

13.11%

EPS growth rate

Commercial Services earnings growth36.9%
Revenue growth rate2.4%
Future return on equity17.66%
Analyst coverage

Good

Last updated08 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 04

SECU B: Future Returns Will Depend On Delivering Challenging Margin Assumptions

Analysts have raised the Securitas price target by SEK 3 to SEK 125, citing updated assumptions for revenue growth, profit margin and future P/E, along with a series of recent target increases and rating changes on the stock. Analyst Commentary Recent research on Securitas presents a mixed picture, with several firms adjusting price targets and ratings in different directions.
Narrative Update • Apr 20

SECU B: Future Returns Still Look Vulnerable To Execution And Margin Risks

The analyst price target for Securitas has shifted from SEK 114 to SEK 122. Analysts cite updated assumptions around revenue growth, profit margins and a higher future P/E multiple as key drivers of the change.
Narrative Update • Apr 05

SECU B: Fair Value View Will Balance Dividend Prospects And Evolving Street Caution

Securitas' updated analyst price target has moved higher to SEK 122, up SEK 8, as analysts point to slightly stronger assumed revenue growth, a small adjustment to the discount rate, and modestly lower future P/E expectations to support the new view. Analyst Commentary Recent Street research points to a more constructive tone around Securitas, with several bullish analysts revisiting their models and price targets.
Narrative Update • Mar 22

SECU B: Future Dividend Policy And Execution On Margin And P/E Will Matter

Narrative Update on Securitas Analysts have lifted their average price targets for Securitas into the low SEK 120s, with one move from SEK 114 to SEK 122 and another SEK 10 increase, while only marginally adjusting assumptions for the discount rate, revenue growth, profit margin and future P/E. This reflects a more refined yet still cautious view on the shares.
Narrative Update • Mar 08

SECU B: Future Margins Dividend Policy And P/E Assumptions Will Drive Balanced Outlook

We are lifting our analyst price target for Securitas by SEK 3.2 to SEK 155.4. This reflects recent SEK-based target increases from several firms and updated analyst assumptions on discount rate, profit margin and future P/E levels. Analyst Commentary Recent Street research on Securitas points to a mixed view, with some analysts adjusting targets higher while others turn more cautious on the shares.
Narrative Update • Feb 21

SECU B: Higher SEK 180 Fair Value Will Highlight Rising Dividend Appeal

Analysts have lifted their SEK price targets for Securitas, with recent moves such as Morgan Stanley increasing its target to SEK 122 from SEK 114 and RBC Capital also raising its target, while still balancing this with more cautious views, such as the recent downgrade from Pareto. Analyst Commentary Recent research reflects a mixed stance on Securitas, with some bullish analysts lifting SEK based price targets while others turn more cautious.
Narrative Update • Feb 07

SECU B: Higher SEK 180 Fair Value Will Highlight Dividend And Margin Potential

Analysts have lifted their fair value estimate for Securitas from SEK 175.00 to SEK 180.00, citing updated assumptions for revenue growth, profit margins and future P/E expectations, even as recent research includes both higher price targets and a downgrade in rating. Analyst Commentary Recent Street research on Securitas sends a mixed but constructive signal for valuation.
Analysis Article • Jan 28

Why Securitas AB (publ) (STO:SECU B) Could Be Worth Watching

Securitas AB (publ) ( STO:SECU B ), is not the largest company out there, but it maintained its current share price...
Narrative Update • Jan 24

SECU B: Revised Earnings Multiple And Margins Will Shape Fairly Balanced Outlook

Analysts have revised their price target for Securitas to €152.20 from €146.00. The updated target reflects changes in their assessment of fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
Analysis Article • Jan 10

Securitas' (STO:SECU B) Returns Have Hit A Wall

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Narrative Update • Jan 09

SECU B: Upcoming Investor Day Will Clarify Risk Profile Assumptions

Analysts have adjusted their price target on Securitas from €190 to €175, citing updated assumptions for revenue growth, profit margin and future P/E. They state that these assumptions better reflect the current risk profile of the business.
Narrative Update • Dec 26

SECU B: Future Returns Likely To Disappoint Despite Upcoming Investor Day

Analysts have maintained their price target for Securitas at $114.00, as only marginal adjustments to discount rates, long term revenue expectations, and profit margin forecasts leave their overall valuation view effectively unchanged. What's in the News Securitas has scheduled an Analyst and Investor Day to provide a strategic and financial update to the market, which may signal clarification of its long term growth and margin ambitions (Key Developments).
Analysis Article • Dec 23

Market Cool On Securitas AB (publ)'s (STO:SECU B) Earnings

With a price-to-earnings (or "P/E") ratio of 16.6x Securitas AB (publ) ( STO:SECU B ) may be sending bullish signals at...
Narrative Update • Dec 12

SECU B: Future Profitability Will Likely Fail To Justify Current Share Price

Analysts have raised their price target for Securitas from approximately $110 to $114, citing expectations of slightly higher long term profitability and a more attractive future valuation multiple, despite more cautious revenue growth assumptions. What's in the News Securitas scheduled an Analyst and Investor Day to provide a strategic and financial update, signaling management’s intent to clarify long term priorities and capital allocation plans (Key Developments).
Analysis Article • Dec 02

Is Securitas (STO:SECU B) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Narrative Update • Nov 26

SECU B: Revenue and Profit Margin Shifts Will Guide Upcoming Event Update

Analysts have slightly lowered their price target for Securitas from $146.27 to $146.00, primarily reflecting updated expectations for improved revenue growth and profit margins, as well as shifts in the discount rate and future price-to-earnings estimates. What's in the News Securitas will hold an Analyst/Investor Day to provide a strategic and financial update (Key Developments).
Analysis Article • Nov 14

Why Securitas' (STO:SECU B) Earnings Are Better Than They Seem

The market seemed underwhelmed by last week's earnings announcement from Securitas AB (publ) ( STO:SECU B ) despite the...
Analysis Article • Nov 07

Securitas (STO:SECU B) Has Announced A Dividend Of SEK2.25

The board of Securitas AB (publ) ( STO:SECU B ) has announced that it will pay a dividend of SEK2.25 per share on the...
Narrative Update • Nov 06

SECU B: Modest Revenue and Margin Adjustments Will Shape Investor Day Outlook

Analysts have slightly reduced their price target for Securitas from $146.45 to $146.27. They cite a modest decrease in projected revenue growth and profit margin expectations as the reason for this adjustment.
Narrative Update • Oct 23

Analysts Marginally Lower Securitas Price Target as Revenue Outlook Weakens Ahead of Investor Day

Analysts have slightly reduced their price target for Securitas, lowering it from $146.55 to $146.45. This change is due to minor adjustments to revenue growth and discount rate assumptions in their updated outlook.
Narrative Update • Oct 08

Urbanization And Digital Security Will Unlock Future Opportunities

Analysts have revised their price target for Securitas downward, adjusting it from $148.82 to $146.55. This change is due to reduced expectations for revenue growth and slightly lower profit margins going forward.
Analysis Article • Jul 09

Weekly Picks: 👑 GAW's IP Potential, SECU B's AI Pivot, and FAST's EV Charging Network

Why Games Workshop Group could rival Star Wars' intellectual property, how Securitas is leaning into AI in the labor-heavy security industry, and why Fastned’s position in EV charging is a cut above the rest.
New Narrative • Mar 20

Securitas will boost margins with AI and tech-driven services

Technology & AI Integration: Increased use of AI-driven surveillance, automated threat detection, and predictive analytics can improve efficiency and reduce reliance on human labor.
User avatar
New Narrative • Nov 30

High-Margin Tech Growth And Decisive Innovations Propel Expansion And Resilience

STANLEY integration is set to enhance Securitas' revenue and margin growth by enabling focus on high-margin technology and cost control improvements.

Earnings and Revenue Growth Forecasts

OM:SECU B - Analysts future estimates and past financials data (SEK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028160,0088,1197,77011,86110
12/31/2027154,5007,5037,19911,24711
12/31/2026149,2836,9586,65810,69310
3/31/2026151,7185,4098,14910,430N/A
12/31/2025155,1135,1157,1859,466N/A
9/30/2025158,4855,0437,1579,462N/A
6/30/2025160,1935,5827,3189,623N/A
3/31/2025162,2675,4216,0398,344N/A
12/31/2024161,9215,1605,6637,968N/A
9/30/2024159,6694,7335,9388,501N/A
6/30/2024159,4871,5174,8307,393N/A
3/31/2024158,7581,3844,3506,913N/A
12/31/2023157,2491,2854,8997,462N/A
9/30/2023155,7981,4493,4145,690N/A
6/30/2023151,7644,5803,9276,203N/A
3/31/2023142,3904,4243,6555,931N/A
12/31/2022133,2374,3103,3395,615N/A
9/30/2022123,1953,6844,4246,209N/A
6/30/2022114,5203,5492,7804,565N/A
3/31/2022110,4843,2932,7834,568N/A
12/31/2021107,7003,1334,1955,980N/A
9/30/2021106,1282,9134,0525,808N/A
6/30/2021105,2912,7275,4887,244N/A
3/31/2021105,3482,5107,2278,983N/A
12/31/2020107,9542,4196,3168,072N/A
9/30/2020109,7342,7616,3388,378N/A
6/30/2020111,4472,9385,8697,909N/A
3/31/2020112,5753,1874,1466,186N/A
12/31/2019110,8993,357N/A5,747N/A
9/30/2019109,4663,226N/A5,617N/A
6/30/2019107,0733,047N/A4,861N/A
3/31/2019104,8553,085N/A4,716N/A
12/31/2018101,4673,016N/A3,858N/A
9/30/201898,6672,924N/A3,305N/A
6/30/201895,4972,952N/A2,689N/A
3/31/201893,0622,811N/A2,742N/A
12/31/201792,1972,750N/A4,039N/A
9/30/201791,8882,804N/A3,435N/A
6/30/201791,5532,750N/A3,771N/A
3/31/201790,0392,691N/A3,490N/A
12/31/201688,1622,642N/A3,293N/A
9/30/201685,4782,610N/A3,024N/A
6/30/201683,6302,567N/A3,187N/A
3/31/201681,9882,485N/A3,171N/A
12/31/201580,8602,437N/A3,431N/A
9/30/201578,8122,402N/A3,542N/A
6/30/201576,3472,288N/A3,291N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SECU B's forecast earnings growth (13.2% per year) is above the savings rate (2%).

Earnings vs Market: SECU B's earnings (13.2% per year) are forecast to grow faster than the Swedish market (8.8% per year).

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

Revenue vs Market: SECU B's revenue (2.4% per year) is forecast to grow faster than the Swedish market (0.04% per year).

High Growth Revenue: SECU B's revenue (2.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SECU B's Return on Equity is forecast to be low in 3 years time (17.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/22 17:28
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Securitas AB (publ) is covered by 28 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Paul Daniel CheckettsBarclays
Andrew GroblerBNP Paribas