Company Valuation: Securitas AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 45,445 49,821 56,478 78,432 84,333 87,828 - -
Change - 9.63% 13.36% 38.87% 7.52% 4.14% - -
Enterprise Value (EV) 1 59,996 90,355 94,008 116,355 115,634 116,445 113,387 109,981
Change - 50.6% 4.04% 23.77% -0.62% 0.7% -2.63% -3%
P/E ratio 14.5x 9.45x 44x 15.2x 16.5x 12.7x 11.8x 10.9x
PBR 2.19x 1.37x 1.54x 1.84x 2.16x 2.06x 1.89x 1.73x
PEG - 1.33x -0.6x 0x -18.58x 0.4x 1.46x 1.33x
Capitalization / Revenue 0.42x 0.37x 0.36x 0.48x 0.54x 0.59x 0.57x 0.55x
EV / Revenue 0.56x 0.68x 0.6x 0.72x 0.75x 0.78x 0.73x 0.69x
EV / EBITDA 7.15x 8.41x 7.13x 8.15x 7.69x 7.64x 7.1x 6.58x
EV / EBIT 10.5x 11.9x 9.77x 11x 10.6x 10.2x 9.41x 8.68x
EV / FCF 15x 26.4x 19x 22.9x 16.9x 17.5x 15.7x 14.2x
FCF Yield 6.67% 3.79% 5.25% 4.36% 5.91% 5.72% 6.35% 7.06%
Dividend per Share 2 4.4 3.45 3.8 4.5 - 5.921 6.532 6.94
Rate of return 3.53% 3.97% 3.85% 3.29% - 3.86% 4.26% 4.53%
EPS 2 8.59 9.2 2.24 9.01 8.93 12.04 13.01 14.08
Distribution rate 51.2% 37.5% 170% 49.9% - 49.2% 50.2% 49.3%
Net sales 1 107,700 133,237 157,249 161,921 155,113 149,283 154,500 160,008
EBITDA 1 8,392 10,739 13,183 14,284 15,044 15,235 15,979 16,715
EBIT 1 5,688 7,619 9,627 10,561 10,930 11,421 12,044 12,670
Net income 1 3,133 4,310 1,285 5,160 5,115 6,958 7,503 8,119
Net Debt 1 14,551 40,534 37,530 37,923 31,301 28,616 25,559 22,153
Reference price 2 124.65 86.96 98.58 136.90 147.20 153.30 153.30 153.30
Nbr of stocks (in thousands) 364,584 572,918 572,918 572,918 572,918 572,918 - -
Announcement Date 08/02/22 07/02/23 07/02/24 06/02/25 04/02/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.73x0.78x7.64x3.86% 9.3B
22.94x1.68x9.28x1.68% 15.71B
74.04x3.93x8.59x2% 13.05B
13.16x1.34x5.81x3.56% 3.24B
96.89x - - - 3.03B
18.68x1.46x8.12x - 3.01B
10.55x0.57x4.94x6.36% 1.67B
8.82x0.84x4.66x6.7% 1.07B
Average 32.23x 1.51x 7.00x 4.03% 6.26B
Weighted average by Cap. 37.22x 2.03x 8.19x 2.68%

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