Securitas AB Series B

Securitas is engaged in integrated security solutions. Co.'s main service offering categories are specialized guarding, mobile security services, monitoring, technical solutions and consulting and investigation services. Co. operates in 52 countries throughout North America, Europe, Latin America, the Middle East, Asia and Africa. Co. is organized into three business segments: Security Services North America, Security Services Europe and Security Services Ibero-America. In addition to the three business segments, Co. conducts guarding operations in the Middle East, Asia and Africa.
  • TickerSECU B
  • ISINSE0000163594
  • ExchangeNasdaq Nordic Stockholm
  • SectorSupport Services
  • CountrySweden

Analysts

Securitas – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jesper Ingildsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Hoang Nguyen
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Karl-Johan Bonnevier

Securitas (Buy, TP: SEK180.00) - CEO speeding up transformation

Securitas’ Q4 report showed continued strong organic growth with returning earnings leverage. CEO Magnus Ahlqvist detailed two forward-leaning transformation projects to extend the technology solutions case well beyond Vision2020 in our view. With the future potential proofing of the Securitas service model, we are surprised to see the valuation multiples recent contraction leaving it a clear discount to other business service shares with far less digitalisation potential. We reiterate our BUY and SEK180 target price.

Michael Field

Morningstar | Securitas Delivers a Reasonable Set of Fiscal-Year Results

No-moat Securitas delivered a mixed set of full-year results. Organic revenue growth reached 6% over the period, a solid result and broadly in line with the average performance over the past three years. Operating margins hit 5.2%, the highest level since 2010, as a combination of business mix improvement and cost-saving initiatives paid off. While these results were in line with our expectations, they came slightly below those of the street, causing a moderately negative reaction in the share price this morning. We maintain our SEK 152 fair value estimate and believe the stock is currently fa...

Michael Field

Securitas Delivers a Reasonable Set of Fiscal-Year Results

No-moat Securitas delivered a mixed set of full-year results. Organic revenue growth reached 6% over the period, a solid result and broadly in line with the average performance over the past three years. Operating margins hit 5.2%, the highest level since 2010, as a combination of business mix improvement and cost-saving initiatives paid off. While these results were in line with our expectations, they came slightly below those of the street, causing a moderately negative reaction in the share p...

Karl-Johan Bonnevier

Securitas (Buy, TP: SEK180.00) - CEO speeding up transformation

Securitas’ Q4 report showed continued strong organic growth with returning earnings leverage. CEO Magnus Ahlqvist detailed two forward-leaning transformation projects to extend the technology solutions case well beyond Vision2020 in our view. With the future potential proofing of the Securitas service model, we are surprised to see the valuation multiples recent contraction leaving it a clear discount to other business service shares with far less digitalisation potential. We reiterate our BUY and SEK180 target price.

Michael Field

Morningstar | Securitas Delivers a Reasonable Set of Fiscal-Year Results

No-moat Securitas delivered a mixed set of full-year results. Organic revenue growth reached 6% over the period, a solid result and broadly in line with the average performance over the past three years. Operating margins hit 5.2%, the highest level since 2010, as a combination of business mix improvement and cost-saving initiatives paid off. While these results were in line with our expectations, they came slightly below those of the street, causing a moderately negative reaction in the share price this morning. We maintain our SEK 152 fair value estimate and believe the stock is currently fa...

Michael Field

Securitas Delivers a Reasonable Set of Fiscal-Year Results

No-moat Securitas delivered a mixed set of full-year results. Organic revenue growth reached 6% over the period, a solid result and broadly in line with the average performance over the past three years. Operating margins hit 5.2%, the highest level since 2010, as a combination of business mix improvement and cost-saving initiatives paid off. While these results were in line with our expectations, they came slightly below those of the street, causing a moderately negative reaction in the share p...

Karl-Johan Bonnevier

Securitas (Buy, TP: SEK180.00) - Technology growth set to continue

We see relatively easy comparables YOY for Securitas in Q4, with our EBITA estimate 3% ahead of consensus. The new CEO’s efficiency move to return earnings leverage to the European operation indicates yet another step towards the inflection point when earnings leverage and valuation multiples expansion appears, potentially accelerating the case. We reiterate our BUY recommendation and SEK180 target price.

Karl-Johan Bonnevier

Securitas (Buy, TP: SEK180.00) - Sign of returning earnings leverage

A small beat in a generally depressed market was enough to get some sparkle back into Securitas’ share price. We find the Q3 report solid, and in line with our expectations with 29% growth YOY in Technology Solutions and the profit margin expansion trend (+19bp YOY) now confirmed, even though Europe still lags. We have made minor adjustments to our forecasts, reiterating our BUY and SEK180 target price.

9 directors bought/sold

Nine Directors at Securitas Ab bought/sold 50,519 shares at 17.254USD. The significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jesper Ingildsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Hoang Nguyen
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Jesper Ingildsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Jon Berggren
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Antti Kansanen ...
  • Christoffer Wang Bjørnsen
  • Helge André Martinsen
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Eivind Sars Veddeng ...
  • Helge André Martinsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Ole-Andreas Krohn

Northern Lights

SECURITAS AB reduced its risk exposure resulting in an upgrade to Slightly Positive

SECURITAS AB (SE), a company active in the Business Support Services industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date December 28, 2018, the closing price was SEK 142.25 and its potential was estimated at SEK 160.87.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Securitas – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

YTD sideways congestion for the MSCI ACWI ex-US and an intact downtrend for the MSCI EM index continue to point to a risk-off environment for international equity markets, and supports our neutral outlook (at best)... see page 2. We continue to recommend avoiding broad indexed exposure in favor of selectivity. In today's report we highlight actionable country- and Sector-specific themes: • Norway and India are leadership. Norway's Oslo OBX and India's SENSEX remain global leaders. Overweight these markets... see below and page 3 for overviews and actionable country-specific stocks. • Austral...

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