Securitas AB (publ)

OM:SECU B Stock Report

Market Cap: SEK 89.4b

Securitas Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 310.72
Fair Value
49.8% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: SECU B (SEK156) is trading below our estimate of fair value (SEK310.72)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SECU B. This is calculated by dividing SECU B's market cap by their current earnings.
What is SECU B's PE Ratio?
PE Ratio17.3x
EarningsSEK 5.16b
Market CapSEK 89.38b

Price to Earnings Ratio vs Peers

How does SECU B's PE Ratio compare to its peers?

The above table shows the PE ratio for SECU B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.4x
LOOMIS Loomis
17x18.1%SEK 27.9b
BRAV Bravida Holding
17.4x17.1%SEK 18.3b
AFRY Afry
18.3x16.7%SEK 22.5b
SDIP B Sdiptech
21x23.5%SEK 8.4b
SECU B Securitas
17.3x17.0%SEK 89.4b

Price-To-Earnings vs Peers: SECU B is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (18.4x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SECU B 17.3xIndustry Avg. 14.5xNo. of Companies12PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SECU B is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the European Commercial Services industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is SECU B'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.

SECU B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.3x
Fair PE Ratio25.5x

Price-To-Earnings vs Fair Ratio: SECU B is good value based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).

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 SECU B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 156.00
SEK 146.69
-6.0%
23.0%SEK 200.00SEK 88.00n/a13
Feb ’26SEK 141.45
SEK 138.38
-2.2%
20.2%SEK 175.00SEK 88.00n/a13
Jan ’26SEK 136.90
SEK 135.00
-1.4%
21.4%SEK 175.00SEK 88.00n/a13
Dec ’25SEK 137.95
SEK 132.92
-3.6%
21.7%SEK 175.00SEK 88.00n/a12
Nov ’25SEK 125.20
SEK 122.83
-1.9%
19.8%SEK 160.00SEK 88.00n/a12
Oct ’25SEK 129.00
SEK 122.08
-5.4%
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 115.75
SEK 116.91
+1.0%
20.8%SEK 160.00SEK 83.00n/a11
Jul ’25SEK 105.75
SEK 113.73
+7.5%
20.9%SEK 158.00SEK 81.00n/a11
Jun ’25SEK 107.80
SEK 113.91
+5.7%
20.7%SEK 158.00SEK 81.00n/a11
May ’25SEK 111.45
SEK 112.91
+1.3%
21.9%SEK 158.00SEK 80.00n/a11
Apr ’25SEK 110.35
SEK 113.83
+3.2%
21.9%SEK 158.00SEK 74.00n/a12
Mar ’25SEK 113.75
SEK 112.92
-0.7%
22.2%SEK 158.00SEK 74.00n/a12
Feb ’25SEK 100.35
SEK 104.54
+4.2%
25.0%SEK 154.00SEK 74.00SEK 141.4512
Jan ’25SEK 98.58
SEK 103.96
+5.5%
24.5%SEK 153.00SEK 74.00SEK 136.9012
Dec ’24SEK 94.72
SEK 103.88
+9.7%
24.8%SEK 153.00SEK 70.00SEK 137.9512
Nov ’24SEK 89.38
SEK 104.23
+16.6%
25.4%SEK 150.00SEK 70.00SEK 125.2011
Oct ’24SEK 86.66
SEK 103.18
+19.1%
25.7%SEK 150.00SEK 70.00SEK 129.0011
Sep ’24SEK 90.18
SEK 103.09
+14.3%
25.7%SEK 150.00SEK 70.00SEK 120.0011
Aug ’24SEK 88.72
SEK 101.08
+13.9%
25.6%SEK 150.00SEK 70.00SEK 115.7512
Jul ’24SEK 88.46
SEK 99.42
+12.4%
25.3%SEK 150.00SEK 70.00SEK 105.7512
Jun ’24SEK 80.50
SEK 98.85
+22.8%
24.6%SEK 150.00SEK 70.00SEK 107.8013
May ’24SEK 91.80
SEK 99.21
+8.1%
24.0%SEK 150.00SEK 70.00SEK 111.4514
Apr ’24SEK 92.28
SEK 98.93
+7.2%
24.0%SEK 150.00SEK 70.00SEK 110.3514
Mar ’24SEK 88.94
SEK 98.86
+11.2%
23.9%SEK 150.00SEK 70.00SEK 113.7514
Feb ’24SEK 97.38
SEK 97.93
+0.6%
24.4%SEK 150.00SEK 70.00SEK 100.3514
Analyst Price Target
Consensus Narrative from 13 Analysts
SEK 146.69
Fair Value
6.3% overvalued intrinsic discount
13
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 06:41
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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 33 analysts. 12 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
Hélène CoumesAlphaValue
Paul Daniel CheckettsBarclays