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Spanish security services group providing manned guarding, alarms and security systems globally.
Spanish security services group providing manned guarding, alarms and security systems globally.
Is paid by contract for guards, cash handling and monitored alarms, so income follows contract renewals and wage costs, which are the main cost in guarding. Prosegur Cash, which carries valuables for banks and retailers, is a separately listed company in which it keeps a large stake. The founding family is its largest shareholder.
In one line: A smaller, Spain-based Allied Universal/Securitas.
Moat: narrow (scale, brand, installed base). Broad Iberian/Latam footprint and long client relationships, in a labor-intensive, competitive industry.
Headquarters: Madrid, Spain · Founded: 1976 · Employees: 177,691
Size Prosegur Compania de Seguridad (PSG.MC) is a Spain Industrials company (Miscellaneous Commercial Services) with a market value of $1.79B, the 54th largest of 97 Spain companies the cockpit tracks. Shares closed at €2.98 on 6 Nov 2026.
Performance Over six months the shares gained 9.4%, against -6.6% for the median peer and +8.2% for the Spain market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 0.6% over the last twelve months (peer median +11.7%); the operating margin is 6.4% (peer median 13.0%).
Valuation It trades at 11.8× forward earnings against a peer median of 22.4× (5th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.8 points above its cost of capital (6.6% WACC).
Credit Prosegur Compania de Seguridad has 1 bond outstanding ($557M), rated BBB by the agencies and trading like BBB- at a weighted spread of 105 bp.
Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.06B | €4.93B | €4.91B | €4.31B | €4.17B |
| Revenue growth | — | 0% | +14% | +3% | — |
| Gross profit | n/a | €1.00B | €1.06B | €874M | €860M |
| EBITDA | €567M | €544M | €558M | €473M | €470M |
| Net income | €122M | €119M | €78.1M | €65.5M | €64.7M |
| Free cash flow | €241M | €242M | €250M | €202M | €229M |
| Capital expenditure | €210M | €198M | €194M | €200M | €168M |
| Total debt | €2.09B | €2.72B | €2.18B | €1.84B | €2.64B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Prosegur Compania de Seguridad PSG.MC | $1.79B | +9% | +1% | 6% | 11.8× | -5.3% |
| Securitas SECU-B.ST | $9.22B | +4% | -5% | 7% | 12.3× | -4.9% |
| ADT ADT | $6.66B | +44% | +2% | 25% | 10.3× | -2.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PSG.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | +3.7% | 9th lowest of 21 |
| 6-month return | +9.4% | -6.6% | 6th highest of 21 |
| Distance from 52-week high | -11.0% | -34.0% | 5th highest of 21 |
| Revenue growth (TTM) | +0.6% | +11.7% | 4th lowest of 19 |
| Operating margin | 6.4% | 13.0% | 6th lowest of 20 |
| Forward P/E | 11.8× | 22.4× | 5th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -5.3% | 9.2% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +6.7% | +11.0% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | -11.9 pp | -2.5 pp | 5th least demanding of 13 |
| ROIC minus cost of capital | +3.8 pp | +1.0 pp | 7th highest of 18 |
| EV / EBITDA | 5.4× | 16.3× | 2nd cheapest of 8 |
| Net debt / EBITDA | 2.4× | 0.4× | 4th most indebted of 9 |
| Bond spread | 105 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Prosegur Compania de Seguridad PSG.MC | Spain | $1.79B | +9% | +1% | 6% | 11.8× | -5.3% | +6.7% |
| China Conch Venture 0586.HK | Hong Kong | $1.79B | -36% | +21% | 18% | 5.5× | n/a | n/a |
| Syngene International SYNGENE.NS | India | $1.78B | -11% | -6% | 13% | 67.8× | 35.3% | +11.4% |
| Hoist Finance HOFI.ST | Sweden | $1.79B | +29% | +16% | 30% | 11.9× | n/a | n/a |
| Choice International CHOICEIN.NS | India | $1.76B | +8% | +34% | 27% | 49.8× | n/a | n/a |
| Beijing Orient EcoEnergy 002310.SZ | China | $1.81B | -24% | +35% | 12% | n/a | 36.4% | -47.6% |
| Ipsos IPS.PA | France | $1.74B | -3% | +3% | 12% | 7.0× | -10.8% | +6.6% |
| Teemsun Technology 301571.SZ | China | $1.86B | 0% | +61% | 22% | n/a | n/a | n/a |
| Focus Technology 002315.SZ | China | $1.86B | -1% | +14% | 24% | 22.1× | 3.2% | +10.6% |
| GRG Metrology & Test 002967.SZ | China | $1.72B | -16% | +13% | 13% | 22.7× | 3.9% | +14.4% |
| International Gemological Institute IGIL.NS | India | $1.86B | +12% | +21% | 58% | 24.4× | 14.6% | +37.6% |
| Visual China 000681.SZ | China | $1.71B | -25% | -9% | 4% | 44.0× | n/a | n/a |
| Guangdong Feinan Resources Recycling 301500.SZ | China | $1.68B | -31% | +42% | 7% | n/a | n/a | n/a |
| Insperity NSP | United States | $1.90B | +53% | +2% | 0% | 19.9× | 19.5% | +9.7% |
| Jiangsu Guotai International 002091.SZ | China | $1.91B | -11% | +7% | 6% | 10.0× | -20.9% | +5.5% |
| Xi'an Taijin New Energy & Materials Sci-Tech 688813.SS | China | $1.93B | -13% | n/a | n/a | n/a | n/a | n/a |
| Kruk KRU.WA | Poland | $1.65B | -22% | +8% | 77% | 6.9× | -2.1% | +16.8% |
| Heron Neutron Medical 7799.TW | Taiwan | $1.94B | +15% | n/a | -5,071% | 380.6× | n/a | n/a |
| Healthcare Services HCSG | United States | $1.64B | +5% | +4% | 6% | 20.6× | 3.4% | +0.9% |
| Anhui XDLK Microsystem 688582.SS | China | $1.95B | -36% | -38% | 21% | 37.3× | 55.7% | +37.0% |
| PharmaBlock Sciences (Nanjing) 300725.SZ | China | $1.61B | +16% | +11% | 11% | 44.6× | 27.8% | +14.1% |
Prosegur Compania de Seguridad has 1 bond outstanding with $557M face value. The agencies rate it BBB; its bonds trade like BBB-. Weighted yield 4.18%, a spread of 105 bp over government bonds.