Financials Securitas AB

Equities

SECU B

SE0000163594

Business Support Services

Market Closed - Nasdaq Stockholm 11:29:47 2024-05-24 EDT 5-day change 1st Jan Change
115 SEK +1.10% Intraday chart for Securitas AB +5.07% +16.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 58,919 48,445 45,445 49,821 56,478 65,914 - -
Enterprise Value (EV) 1 77,031 62,780 59,996 90,355 94,008 103,153 99,214 95,527
P/E ratio 17.5 x 20 x 14.5 x 9.45 x 44 x 12.2 x 10.1 x 8.91 x
Yield 2.97% 3.01% 3.53% 3.97% 3.85% 3.67% 4.17% 4.59%
Capitalization / Revenue 0.53 x 0.45 x 0.42 x 0.37 x 0.36 x 0.4 x 0.39 x 0.37 x
EV / Revenue 0.69 x 0.58 x 0.56 x 0.68 x 0.6 x 0.63 x 0.59 x 0.54 x
EV / EBITDA 9.44 x 8.6 x 7.15 x 8.41 x 7.13 x 7.01 x 6.38 x 5.79 x
EV / FCF 20.8 x 11.9 x 15 x 26.4 x 19 x 22.6 x 15.9 x 13.3 x
FCF Yield 4.81% 8.42% 6.67% 3.79% 5.25% 4.42% 6.31% 7.51%
Price to Book 2.87 x 2.74 x 2.19 x 1.37 x 1.54 x 1.66 x 1.5 x 1.32 x
Nbr of stocks (in thousands) 364,934 364,934 364,584 572,918 572,918 572,918 - -
Reference price 2 161.4 132.8 124.6 86.96 98.58 115.0 115.0 115.0
Announcement Date 20-02-06 21-02-04 22-02-08 23-02-07 24-02-07 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 110,899 107,954 107,700 133,237 157,249 163,231 168,977 175,879
EBITDA 1 8,157 7,296 8,392 10,739 13,183 14,709 15,552 16,501
EBIT 1 5,467 4,606 5,688 7,619 9,627 10,776 11,603 12,171
Operating Margin 4.93% 4.27% 5.28% 5.72% 6.12% 6.6% 6.87% 6.92%
Earnings before Tax (EBT) 1 4,618 3,329 4,331 5,726 2,833 7,343 9,027 10,807
Net income 1 3,357 2,419 3,133 4,310 1,285 5,421 6,495 7,426
Net margin 3.03% 2.24% 2.91% 3.23% 0.82% 3.32% 3.84% 4.22%
EPS 2 9.200 6.630 8.590 9.200 2.240 9.457 11.42 12.92
Free Cash Flow 1 3,707 5,285 3,999 3,422 4,938 4,555 6,256 7,173
FCF margin 3.34% 4.9% 3.71% 2.57% 3.14% 2.79% 3.7% 4.08%
FCF Conversion (EBITDA) 45.45% 72.44% 47.65% 31.87% 37.46% 30.97% 40.23% 43.47%
FCF Conversion (Net income) 110.43% 218.48% 127.64% 79.4% 384.28% 84.03% 96.32% 96.6%
Dividend per Share 2 4.800 4.000 4.400 3.450 3.800 4.227 4.792 5.284
Announcement Date 20-02-06 21-02-04 22-02-08 23-02-07 24-02-07 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 28,049 28,598 30,535 36,013 38,091 37,751 39,909 40,047 39,542 39,260 41,758 41,685 41,772 41,408 43,358
EBITDA 1 2,315 2,075 2,409 3,044 3,211 2,904 3,358 3,549 3,372 3,110 3,691 3,893 3,935 3,581 4,024
EBIT 1 1,547 1,391 1,699 2,193 2,336 2,026 2,463 2,607 2,531 2,206 2,389 2,607 2,779 2,722 2,934
Operating Margin 5.52% 4.86% 5.56% 6.09% 6.13% 5.37% 6.17% 6.51% 6.4% 5.62% 5.72% 6.25% 6.65% 6.57% 6.77%
Earnings before Tax (EBT) 1 1,059 1,152 1,397 1,493 1,684 1,316 1,609 -1,588 1,496 1,434 1,874 2,127 2,224 2,037 2,374
Net income 1 747 841 1,020 1,079 1,373 953 1,178 -2,052 1,209 1,052 1,397 1,567 1,598 1,527 1,785
Net margin 2.66% 2.94% 3.34% 3% 3.6% 2.52% 2.95% -5.12% 3.06% 2.68% 3.35% 3.76% 3.83% 3.69% 4.12%
EPS 2 2.050 2.300 2.790 2.460 2.470 1.660 2.050 -3.580 2.110 1.840 2.436 2.732 2.789 2.659 3.109
Dividend per Share 2 4.400 - - - 3.450 - - - 3.800 - - - 4.000 - -
Announcement Date 22-02-08 22-05-04 22-07-28 22-11-08 23-02-07 23-05-03 23-07-28 23-11-07 24-02-07 24-05-08 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 18,112 14,335 14,551 40,534 37,530 37,239 33,300 29,613
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.22 x 1.965 x 1.734 x 3.774 x 2.847 x 2.532 x 2.141 x 1.795 x
Free Cash Flow 1 3,707 5,285 3,999 3,422 4,938 4,555 6,256 7,173
ROE (net income / shareholders' equity) 18% 13% 19.7% 17.6% 15% 16.4% 16.4% 16.5%
ROA (Net income/ Total Assets) 5.71% 3.99% 6.2% 5.64% 1.11% 4.88% 5.88% 6.48%
Assets 1 58,830 60,658 50,532 76,391 115,954 111,099 110,485 114,619
Book Value Per Share 2 56.30 48.50 57.00 63.50 64.00 69.20 76.60 86.90
Cash Flow per Share 2 15.70 22.10 15.30 12.20 - 11.40 12.90 14.00
Capex 1 2,040 2,787 2,824 3,567 4,114 4,056 4,242 4,120
Capex / Sales 1.84% 2.58% 2.62% 2.68% 2.62% 2.48% 2.51% 2.34%
Announcement Date 20-02-06 21-02-04 22-02-08 23-02-07 24-02-07 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
115 SEK
Average target price
113.9 SEK
Spread / Average Target
-0.99%
Consensus
  1. Stock Market
  2. Equities
  3. SECU B Stock
  4. Financials Securitas AB