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Swedish security services company providing guarding, electronic security and remote monitoring for businesses globally.
Swedish security services company providing guarding, electronic security and remote monitoring for businesses globally.
Charges clients hourly or monthly rates for guards, passing wage costs on in contract prices, so margins are thin but contracts are steady; the technology side sells installations, then monthly monitoring and upkeep. North America and Europe are its largest regions, and it has been replacing some guard hours with remote monitoring to lift margins.
In one line: A Swedish Allied Universal/G4S peer.
Moat: narrow (scale, brand, distribution). Global scale and brand in a largely commoditized, labor-intensive security services industry.
Headquarters: Stockholm, Sweden · Founded: 1934 · Employees: 322,000
Size Securitas (SECU-B.ST) is a Sweden Industrials company (Miscellaneous Commercial Services) with a market value of $9.22B, the 32nd largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 157.70 on 6 Nov 2026.
Performance Over six months the shares gained 4.4%, against +12.2% for the median peer and +8.2% for the Sweden market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue fell 4.7% over the last twelve months (peer median +5.1%); the operating margin is 7.2% (peer median 13.6%).
Valuation It trades at 12.3× forward earnings against a peer median of 18.7× (5th cheapest of 20).
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 +8%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.4 points above its cost of capital (5.8% WACC).
Credit Securitas has 5 bonds outstanding ($2.62B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 85 bp.
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 151B | SEK 155B | SEK 162B | SEK 157B | SEK 133B |
| Revenue growth | — | -4% | +3% | +18% | — |
| Gross profit | SEK 32.5B | SEK 30.4B | SEK 31.1B | SEK 29.4B | SEK 23.8B |
| EBITDA | SEK 14.9B | SEK 14.8B | SEK 14.6B | SEK 13.5B | SEK 10.8B |
| Net income | SEK 7.07B | SEK 5.12B | SEK 5.16B | SEK 1.28B | SEK 4.31B |
| Free cash flow | n/a | SEK 7.18B | SEK 5.66B | SEK 4.90B | SEK 3.34B |
| Capital expenditure | n/a | SEK 2.28B | SEK 2.31B | SEK 2.56B | SEK 2.28B |
| Total debt | SEK 40.5B | SEK 39.6B | SEK 46.8B | SEK 47.3B | SEK 48.3B |
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 |
|---|---|---|---|---|---|---|
| Securitas SECU-B.ST | $9.22B | +4% | -5% | 7% | 12.3× | -4.9% |
| Prosegur Compania de Seguridad PSG.MC | $1.79B | +9% | +1% | 6% | 11.8× | -5.3% |
| MITIE MTO.L | $3.56B | +23% | +11% | 3% | 14.2× | 14.1% |
| Iss A/s ISS.CO | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% |
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 | SECU-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +10.2% | 4th lowest of 20 |
| 6-month return | +4.4% | +12.2% | 9th lowest of 20 |
| Distance from 52-week high | -8.3% | -14.0% | 10th highest of 21 |
| Revenue growth (TTM) | -4.7% | +5.1% | 2nd lowest of 21 |
| Operating margin | 7.2% | 13.6% | 4th lowest of 21 |
| Forward P/E | 12.3× | 18.7× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -4.9% | 7.9% | 5th least demanding of 20 |
| Growth delivered (Del g) | +7.5% | +10.5% | 7th lowest of 20 |
| Hurdle (Req g minus delivered) | -12.4 pp | -9.7 pp | 8th least demanding of 20 |
| ROIC minus cost of capital | +5.4 pp | +7.3 pp | 8th lowest of 18 |
| EV / EBITDA | 8.2× | 11.5× | 5th cheapest of 19 |
| Net debt / EBITDA | 2.2× | 1.8× | 9th most indebted of 19 |
| Bond spread | 85 bp | 102 bp | 3rd tightest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Securitas SECU-B.ST | Sweden | $9.22B | +4% | -5% | 7% | 12.3× | -4.9% | +7.5% |
| CAE CAE.TO | Canada | $8.67B | +3% | +5% | 13% | 29.5× | 13.2% | +10.5% |
| Spie SPIE.PA | France | $8.64B | -8% | +3% | 6% | 14.5× | 8.6% | +9.3% |
| Booz Allen Hamilton BAH | United States | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% | +7.4% |
| Baycurrent 6532.T | Japan | $11.2B | +132% | +32% | 33% | 35.6× | 6.4% | +28.2% |
| ALS ALQ.AX | Australia | $7.40B | -3% | +11% | 17% | 23.6× | 23.0% | +13.5% |
| Rentokil Initial RTO.L | United Kingdom | $11.9B | -26% | 0% | 14% | 16.9× | 8.2% | +13.4% |
| Iss A/s ISS.CO | Denmark | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% | +3.7% |
| Genpact G | United States | $7.07B | +30% | +7% | 16% | 9.9× | -7.5% | +6.5% |
| Airtel Mobile Commerce AMC.L | United Kingdom | $7.05B | n/a | +30% | 48% | n/a | 11.5% | +30.3% |
| CETC Lantian Technology 688818.SS | China | $12.1B | -33% | +5% | 9% | 214.2× | n/a | n/a |
| Intertek ITRK.L | United Kingdom | $12.3B | +12% | +4% | 18% | 22.3× | 14.8% | +4.6% |
| Edenred EDEN.PA | France | $6.52B | +15% | +3% | 30% | 12.0× | -8.0% | +13.9% |
| Elis ELIS.PA | France | $6.44B | -12% | +5% | 13% | 12.0× | 10.1% | +11.3% |
| Nexi NEXI.MI | Italy | $5.93B | +18% | +1% | 13% | 7.0× | 1.5% | +30.5% |
| Beijing Compass Technology Development 300803.SZ | China | $5.91B | -23% | +12% | 0% | 174.6× | 46.9% | +25.3% |
| Bureau Veritas BVI.PA | France | $14.9B | +13% | +2% | 15% | 20.2× | 7.9% | +7.0% |
| Reply REY.MI | Italy | $5.46B | +41% | +6% | 13% | 17.0× | 2.9% | +14.4% |
| UL Solutions ULS | United States | $15.9B | -22% | +6% | 19% | 31.2× | 9.1% | +5.8% |
| FTI Consulting FCN | United States | $5.33B | +19% | +8% | 10% | 18.7× | -3.6% | +9.0% |
| Computershare CPU.AX | Australia | $17.2B | +44% | 0% | 30% | 19.1× | -2.6% | +9.2% |
Securitas has 5 bonds outstanding with $2.62B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 3.84%, a spread of 85 bp over government bonds.