Securitas AB (publ)

OM:SECU B Stock Report

Market Cap: SEK 77.4b

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.

Below Fair Value: SECU B (SEK135.05) is trading below our estimate of fair value (SEK262.5)

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 Ratio16.3x
EarningsSEK 4.73b
Market CapSEK 77.37b

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 Average16.6x
LOOMIS Loomis
14.9x18.9%SEK 23.1b
BRAV Bravida Holding
15.3x17.0%SEK 16.0b
AFRY Afry
14.4x18.8%SEK 17.2b
SDIP B Sdiptech
21.8x21.7%SEK 8.8b
SECU B Securitas
16.3x18.7%SEK 77.4b

Price-To-Earnings vs Peers: SECU B is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (16.6x).

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 16.3xIndustry Avg. 15.0xNo. 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 (16.3x) compared to the European Commercial Services industry average (14.9x).

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 Ratio16.3x
Fair PE Ratio30.7x

Price-To-Earnings vs Fair Ratio: SECU B is good value based on its Price-To-Earnings Ratio (16.3x) compared to the estimated Fair Price-To-Earnings Ratio (30.7x).

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 135.05
SEK 132.92
-1.6%
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 74.00n/a12
Jan ’25SEK 98.58
SEK 103.96
+5.5%
24.5%SEK 153.00SEK 74.00n/a12
Dec ’24SEK 94.72
SEK 103.88
+9.7%
24.8%SEK 153.00SEK 70.00n/a12
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
Jan ’24SEK 86.96
SEK 97.31
+11.9%
25.1%SEK 150.00SEK 70.00SEK 98.5813
Dec ’23SEK 85.56
SEK 97.69
+14.2%
24.8%SEK 150.00SEK 70.00SEK 94.7213
Nov ’23SEK 90.98
SEK 101.00
+11.0%
28.1%SEK 180.00SEK 70.00SEK 89.3812

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

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