Company Valuation: Securitas AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 45,445 49,821 56,478 78,432 84,333 87,485 - -
Change - 9.63% 13.36% 38.87% 7.52% 3.74% - -
Enterprise Value (EV) 1 59,996 90,355 94,008 116,355 115,634 116,333 113,178 109,635
Change - 50.6% 4.04% 23.77% -0.62% 0.6% -2.71% -3.13%
P/E 14.5x 9.45x 44x 15.2x 16.5x 12.5x 11.6x 10.8x
PBR 2.19x 1.37x 1.54x 1.84x 2.16x 2.01x 1.84x 1.71x
PEG - 1.33x -0.6x 0x -18.58x 0.3x 1.4x 1.48x
Capitalization / Revenue 0.42x 0.37x 0.36x 0.48x 0.54x 0.58x 0.55x 0.53x
EV / Revenue 0.56x 0.68x 0.6x 0.72x 0.75x 0.77x 0.72x 0.67x
EV / EBITDA 7.15x 8.41x 7.13x 8.15x 7.69x 7.67x 7.03x 6.5x
EV / EBIT 10.5x 11.9x 9.77x 11x 10.6x 10.5x 9.55x 8.72x
EV / FCF 15x 26.4x 19x 22.9x 16.9x 17.4x 15.2x 13.5x
FCF Yield 6.67% 3.79% 5.25% 4.36% 5.91% 5.75% 6.57% 7.42%
Dividend per Share 2 4.4 3.45 3.8 4.5 5.3 6.019 6.523 6.951
Rate of return 3.53% 3.97% 3.85% 3.29% 3.6% 3.94% 4.27% 4.55%
EPS 2 8.59 9.2 2.24 9.01 8.93 12.19 13.2 14.17
Distribution rate 51.2% 37.5% 170% 49.9% 59.4% 49.4% 49.4% 49.1%
Net sales 1 107,700 133,237 157,249 161,921 155,113 151,743 157,850 163,760
EBITDA 1 8,392 10,739 13,183 14,284 15,044 15,172 16,098 16,876
EBIT 1 5,688 7,619 9,627 10,561 10,930 11,122 11,854 12,567
Net income 1 3,133 4,310 1,285 5,160 5,115 7,000 7,576 8,134
Net Debt 1 14,551 40,534 37,530 37,923 31,301 28,849 25,693 22,150
Reference price 2 124.65 86.96 98.58 136.90 147.20 152.70 152.70 152.70
Nbr of stocks (in thousands) 364,584 572,918 572,918 572,918 572,918 572,918 - -
Announcement Date 2/8/22 2/7/23 2/7/24 2/6/25 2/4/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.68x14.62x20.78x0.75% 660B
35.39x6.49x23.02x1.02% 77.93B
-103.58x23.48x56.46x-.--% 64.65B
21.76x4.32x9.51x0.78% 62.29B
10.33x1.38x7.08x1.07% 44.94B
44.67x1.65x9.22x-.--% 44.45B
18.69x3.23x7.69x1.69% 30B
19.49x5.99x11.42x-.--% 25.52B
9.59x2.55x6.14x-.--% 24.03B
Average 9.44x 7.08x 16.81x 0.59% 114.82B
Weighted average by Cap. 19.42x 11.98x 20.46x 0.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield