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 83,703 - -
Change - 9.63% 13.36% 38.87% 7.52% -0.75% - -
Enterprise Value (EV) 1 59,996 90,355 94,008 116,355 115,634 112,457 109,162 105,556
Change - 50.6% 4.04% 23.77% -0.62% -2.75% -2.93% -3.3%
P/E 14.5x 9.45x 44x 15.2x 16.5x 12x 11x 10.2x
PBR 2.19x 1.37x 1.54x 1.84x 2.16x 1.91x 1.74x 1.64x
PEG - 1.33x -0.6x 0x -18.58x 0.3x 1.21x 1.33x
Capitalization / Revenue 0.42x 0.37x 0.36x 0.48x 0.54x 0.55x 0.53x 0.51x
EV / Revenue 0.56x 0.68x 0.6x 0.72x 0.75x 0.74x 0.69x 0.65x
EV / EBITDA 7.15x 8.41x 7.13x 8.15x 7.69x 7.43x 6.81x 6.28x
EV / EBIT 10.5x 11.9x 9.77x 11x 10.6x 10.1x 9.19x 8.39x
EV / FCF 15x 26.4x 19x 22.9x 16.9x 17.2x 15x 13.3x
FCF Yield 6.67% 3.79% 5.25% 4.36% 5.91% 5.82% 6.66% 7.52%
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% 4.11% 4.46% 4.75%
EPS 2 8.59 9.2 2.24 9.01 8.93 12.2 13.31 14.33
Distribution rate 51.2% 37.5% 170% 49.9% 59.4% 49.3% 49% 48.5%
Net sales 1 107,700 133,237 157,249 161,921 155,113 151,555 157,306 163,221
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 7,639 8,232
Net Debt 1 14,551 40,534 37,530 37,923 31,301 28,753 25,459 21,853
Reference price 2 124.65 86.96 98.58 136.90 147.20 146.10 146.10 146.10
Nbr of stocks (in thousands) 364,584 572,918 572,918 572,918 572,918 572,918 - -
Announcement Date 2/8/22 A 2/7/23 A 2/7/24 A 2/6/25 A 2/4/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.82x1.66x8.76x1.85% 16.07B
81.01x3.53x7.8x2.27% 11.13B
11.98x0.74x7.43x4.11% 8.83B
62.31x - - - 4.27B
24.53x1.83x9.91x - 4.1B
14.05x1.46x6.18x3.2% 3.66B
11.22x0.58x5.03x6.2% 1.76B
Average 32.41x 1.63x 7.52x 3.53% 7.12B
Weighted average by Cap. 36.05x 1.90x 8.02x 2.75%

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