Securitas SECU-B.ST
Securitas AB is a Swedish security services company offering surveillance, alarms, electronic security, and risk management services to commercial and government clients worldwide. Securitas trades at a P/E of 15.51 and an FCF yield of 8.50%, suggesting an attractive valuation for a defensive business with an ROE of 14.23%. However, negative revenue growth (-1.90%) and a low operating margin (7.06%) limit its appeal as a growth story, although stable cash flows and a sustainable dividend (payout 50.26%) offer a solid investment profile.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Securitas AB is a Swedish security services company offering surveillance, alarms, electronic security, and risk management services to commercial and government clients worldwide. Securitas trades at a P/E of 15.51 and an FCF yield of 8.50%, suggesting an attractive valuation for a defensive business with an ROE of 14.23%. However, negative revenue growth (-1.90%) and a low operating margin (7.06%) limit its appeal as a growth story, although stable cash flows and a sustainable dividend (payout 50.26%) offer a solid investment profile.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.2 |
| Quality / Moat | 5.5 |
| Valuation | 7.8 |
| Growth | 4.9 |
| Dividend | 7.5 |
| Momentum | 5.4 |
| Risk & Context | 7.5 |
OVERALL SCORE: 6.3/10
Context and risks
Securitas' business is defensive and has no direct exposure to interest rates, commodities, or technology. The main risk is exposure to a strict labor regulatory environment in its main markets (Europe), which can pressure operating costs, a factor already reflected in its 7.06% operating margin.
News considered in the analysis
- Securitas AB (SCTBF) Q2 2026 Earnings Call Highlights: Navigating Growth and Challenges in a ... — La llamada de resultados del Q2 confirma la narrativa de crecimiento con desafíos, pero no introduce un evento material nuevo; el mercado ya ha asimilado parcialmente los resultados.
- European Dividend Stocks To Consider In May 2026 — Listículo genérico sin información específica sobre la empresa; no aporta valor.
- Assessing Securitas (OM:SECU B) Valuation After Mixed Recent Returns And A Large Intrinsic Value Gap — Análisis de valoración que sugiere un gap entre el precio y el valor intrínseco, lo que refuerza la visión de que la acción está relativamente barata, pero es una opinión de analista ya reflejada en el precio.
- Securitas AB (SCTBF) Q1 2026 Earnings Call Highlights: Margin Improvements and Strategic ... — Resultados del Q1 ya publicados y ampliamente cubiertos; la mejora de márgenes ya está en el precio.
- Assessing Securitas (OM:SECU B) Valuation After Sustained Share Price Gains And Evolving Security Mix — Análisis de valoración posterior a una racha de subidas; la información ya está descontada en el precio actual.
Verdict: Hold or buy on dips: valuation is reasonable and the business is stable, but the lack of revenue growth and tight margins justify waiting for a better entry point.
Main risk: The main risk is pressure on operating margins (7.06%) due to labor intensity and potential regulatory rigidity in its European markets, which could erode profitability if wage costs rise faster than contract prices.
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