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 86,224 - -
Change - 9.63% 13.36% 38.87% 7.52% 2.24% - -
Enterprise Value (EV) 1 59,996 90,355 94,008 116,355 115,634 114,959 111,652 108,056
Change - 50.6% 4.04% 23.77% -0.62% -0.58% -2.88% -3.22%
P/E 14.5x 9.45x 44x 15.2x 16.5x 12.3x 11.4x 10.6x
PBR 2.19x 1.37x 1.54x 1.84x 2.16x 1.97x 1.8x 1.68x
PEG - 1.33x -0.6x 0x -18.58x 0.3x 1.42x 1.46x
Capitalization / Revenue 0.42x 0.37x 0.36x 0.48x 0.54x 0.57x 0.55x 0.53x
EV / Revenue 0.56x 0.68x 0.6x 0.72x 0.75x 0.76x 0.71x 0.66x
EV / EBITDA 7.15x 8.41x 7.13x 8.15x 7.69x 7.6x 6.96x 6.43x
EV / EBIT 10.5x 11.9x 9.77x 11x 10.6x 10.4x 9.4x 8.59x
EV / FCF 15x 26.4x 19x 22.9x 16.9x 17.6x 15.4x 13.6x
FCF Yield 6.67% 3.79% 5.25% 4.36% 5.91% 5.69% 6.51% 7.34%
Dividend per Share 2 4.4 3.45 3.8 4.5 5.3 6.009 6.521 6.942
Rate of return 3.53% 3.97% 3.85% 3.29% 3.6% 3.99% 4.33% 4.61%
EPS 2 8.59 9.2 2.24 9.01 8.93 12.2 13.18 14.13
Distribution rate 51.2% 37.5% 170% 49.9% 59.4% 49.3% 49.5% 49.1%
Net sales 1 107,700 133,237 157,249 161,921 155,113 151,728 157,230 163,140
EBITDA 1 8,392 10,739 13,183 14,284 15,044 15,136 16,039 16,809
EBIT 1 5,688 7,619 9,627 10,561 10,930 11,100 11,874 12,581
Net income 1 3,133 4,310 1,285 5,160 5,115 7,006 7,563 8,118
Net Debt 1 14,551 40,534 37,530 37,923 31,301 28,735 25,428 21,832
Reference price 2 124.65 86.96 98.58 136.90 147.20 150.50 150.50 150.50
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.($)
12.34x0.76x7.6x3.99% 9.1B
24.16x1.81x9.57x1.73% 17.4B
80.54x3.63x7.96x2.22% 11.48B
24.04x1.79x9.74x - 3.96B
14.21x1.47x6.23x3.16% 3.7B
11.77x0.59x5.09x5.96% 1.83B
9.23x0.87x4.8x6.32% 1.13B
Average 25.19x 1.56x 7.28x 3.9% 6.94B
Weighted average by Cap. 33.68x 1.95x 8.30x 2.72%

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

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