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Prosegur Compañía de Seguridad

BME:PSG
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PSG
BME
€2B
Market Cap
  1. Home
  2. ES
  3. Commercial Services
Company description

Prosegur Compañía de Seguridad, S.A. operates in the private security sector in Europe, Asia-Oceania-Africa, and Ibero-America. The last earnings update was 35 days ago. More info.


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PSG Share Price and Events
7 Day Returns
-1.4%
BME:PSG
-1.3%
Europe Commercial Services
-0.9%
ES Market
1 Year Returns
-16.5%
BME:PSG
9.2%
Europe Commercial Services
3.3%
ES Market
PSG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prosegur Compañía de Seguridad (PSG) -1.4% -1% 6.7% -16.5% -38.7% -24.8%
Europe Commercial Services -1.3% -0.1% 5.5% 9.2% 5.5% 13%
ES Market -0.9% -0.9% 2.1% 3.3% 4.7% -9.5%
1 Year Return vs Industry and Market
  • PSG underperformed the Commercial Services industry which returned 9.2% over the past year.
  • PSG underperformed the Market in Spain which returned 3.3% over the past year.
Price Volatility
PSG
Industry
5yr Volatility vs Market
Related Companies

PSG Value

 Is Prosegur Compañía de Seguridad undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Prosegur Compañía de Seguridad to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Prosegur Compañía de Seguridad.

BME:PSG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year ES Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BME:PSG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 7.5%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 25%) (81.34%))
1.042
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.39% + (1.042 * 7.46%)
8.16%

Discounted Cash Flow Calculation for BME:PSG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Prosegur Compañía de Seguridad is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BME:PSG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.16%)
2020 177.83 Analyst x6 164.41
2021 183.50 Analyst x4 156.85
2022 230.00 Analyst x1 181.75
2023 251.59 Est @ 9.39% 183.81
2024 268.41 Est @ 6.69% 181.30
2025 281.29 Est @ 4.8% 175.66
2026 291.07 Est @ 3.48% 168.04
2027 298.49 Est @ 2.55% 159.32
2028 304.17 Est @ 1.9% 150.10
2029 308.57 Est @ 1.45% 140.78
Present value of next 10 years cash flows €1,662.00
BME:PSG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €308.57 × (1 + 0.39%) ÷ (8.16% – 0.39%)
€3,984.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,984.80 ÷ (1 + 8.16%)10
€1,817.94
BME:PSG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,662.00 + €1,817.94
€3,479.94
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,479.94 / 598.68
€5.81
BME:PSG Discount to Share Price
Calculation Result
Value per share (EUR) From above. €5.81
Current discount Discount to share price of €3.64
= -1 x (€3.64 - €5.81) / €5.81
37.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Prosegur Compañía de Seguridad is available for.
Intrinsic value
37%
Share price is €3.64 vs Future cash flow value of €5.81
Current Discount Checks
For Prosegur Compañía de Seguridad to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Prosegur Compañía de Seguridad's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Prosegur Compañía de Seguridad's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prosegur Compañía de Seguridad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prosegur Compañía de Seguridad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:PSG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.13
BME:PSG Share Price ** BME (2019-12-05) in EUR €3.64
Europe Commercial Services Industry PE Ratio Median Figure of 102 Publicly-Listed Commercial Services Companies 16.99x
Spain Market PE Ratio Median Figure of 150 Publicly-Listed Companies 17.38x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prosegur Compañía de Seguridad.

BME:PSG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:PSG Share Price ÷ EPS (both in EUR)

= 3.64 ÷ 0.13

28.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosegur Compañía de Seguridad is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Prosegur Compañía de Seguridad is overvalued based on earnings compared to the Spain market.
Price based on expected Growth
Does Prosegur Compañía de Seguridad's expected growth come at a high price?
Raw Data
BME:PSG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
15.4%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 1.4x
Spain Market PEG Ratio Median Figure of 81 Publicly-Listed Companies 1.21x

*Line of best fit is calculated by linear regression .

BME:PSG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.82x ÷ 15.4%

1.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosegur Compañía de Seguridad is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Prosegur Compañía de Seguridad's assets?
Raw Data
BME:PSG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €0.76
BME:PSG Share Price * BME (2019-12-05) in EUR €3.64
Europe Commercial Services Industry PB Ratio Median Figure of 139 Publicly-Listed Commercial Services Companies 1.57x
Spain Market PB Ratio Median Figure of 186 Publicly-Listed Companies 1.51x
BME:PSG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:PSG Share Price ÷ Book Value per Share (both in EUR)

= 3.64 ÷ 0.76

4.81x

* Primary Listing of Prosegur Compañía de Seguridad.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prosegur Compañía de Seguridad is overvalued based on assets compared to the Europe Commercial Services industry average.
X
Value checks
We assess Prosegur Compañía de Seguridad's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Prosegur Compañía de Seguridad has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PSG Future Performance

 How is Prosegur Compañía de Seguridad expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prosegur Compañía de Seguridad expected to grow at an attractive rate?
  • Prosegur Compañía de Seguridad's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Prosegur Compañía de Seguridad's earnings growth is expected to exceed the Spain market average.
  • Prosegur Compañía de Seguridad's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:PSG Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:PSG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 15.4%
BME:PSG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 3.1%
Europe Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5%
Spain Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Spain Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BME:PSG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:PSG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,593 471 185 3
2021-12-31 4,455 405 170 9
2020-12-31 4,353 373 161 13
2019-12-31 4,169 352 119 10
2019-12-05
BME:PSG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 4,208 302 99
2019-06-30 3,983 307 100
2019-03-31 3,924 108
2018-12-31 3,939 276 132
2018-09-30 3,935 316 155
2018-06-30 4,173 290 158
2018-03-31 4,232 156
2017-12-31 4,291 279 150
2017-09-30 4,243 281 152
2017-06-30 4,194 247 127
2017-03-31 4,072 274 127
2016-12-31 3,902 268 134

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Prosegur Compañía de Seguridad's earnings are expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).
  • Prosegur Compañía de Seguridad's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BME:PSG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Prosegur Compañía de Seguridad Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:PSG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.32 0.33 0.29 3.00
2021-12-31 0.29 0.32 0.25 8.00
2020-12-31 0.26 0.37 0.21 12.00
2019-12-31 0.20 0.23 0.18 8.00
2019-12-05
BME:PSG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.13
2019-06-30 0.17
2019-03-31
2018-12-31 0.22
2018-09-30 0.25
2018-06-30 0.26
2018-03-31 0.25
2017-12-31 0.25
2017-09-30 0.25
2017-06-30 0.21
2017-03-31 0.22
2016-12-31 0.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Prosegur Compañía de Seguridad is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Prosegur Compañía de Seguridad's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prosegur Compañía de Seguridad has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PSG Past Performance

  How has Prosegur Compañía de Seguridad performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prosegur Compañía de Seguridad's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Prosegur Compañía de Seguridad's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Prosegur Compañía de Seguridad's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Prosegur Compañía de Seguridad's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
Prosegur Compañía de Seguridad's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prosegur Compañía de Seguridad Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:PSG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,207.91 99.38 642.80
2019-06-30 3,983.19 99.94 682.33
2019-03-31 3,924.41 108.18 642.80
2018-12-31 3,939.21 132.28 642.80
2018-09-30 3,935.26 155.25 631.48
2018-06-30 4,172.99 157.62 637.05
2018-03-31 4,231.76 155.85 631.48
2017-12-31 4,290.66 150.35 631.48
2017-09-30 4,242.97 152.18 608.53
2017-06-30 4,193.90 126.91 589.46
2017-03-31 4,071.57 126.76 553.13
2016-12-31 3,902.27 134.16 553.13
2016-09-30 3,860.47 149.45 1,005.97
2016-06-30 3,843.93 186.54 572.28
2016-03-31 3,888.38 184.58 599.08
2015-12-31 3,959.38 183.38 599.08
2015-09-30 3,948.78 177.22 559.14
2015-06-30 3,925.60 170.14 586.11
2015-03-31 3,865.48 165.92 559.14
2014-12-31 3,782.58 158.72 559.14
2014-09-30 3,718.16 158.46 491.85
2014-06-30 3,664.24 159.97 532.57
2014-03-31 3,662.06 159.46 491.85
2013-12-31 3,695.16 155.86 541.01
2013-09-30 3,739.04 164.24 36.62
2013-06-30 3,753.99 163.64 776.59
2013-03-31 3,766.84 163.54 36.62
2012-12-31 3,669.09 171.94 498.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Prosegur Compañía de Seguridad has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Prosegur Compañía de Seguridad used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Prosegur Compañía de Seguridad's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Prosegur Compañía de Seguridad's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prosegur Compañía de Seguridad has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PSG Health

 How is Prosegur Compañía de Seguridad's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Prosegur Compañía de Seguridad's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prosegur Compañía de Seguridad is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prosegur Compañía de Seguridad's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Prosegur Compañía de Seguridad's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prosegur Compañía de Seguridad Company Filings, last reported 2 months ago.

BME:PSG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,067.50 1,660.40 943.40
2019-06-30 1,085.50 1,607.46 917.34
2019-03-31 1,027.30 1,695.50 895.90
2018-12-31 1,066.46 1,528.67 1,047.62
2018-09-30 1,138.50 1,471.60 955.10
2018-06-30 1,095.85 1,443.24 1,018.04
2018-03-31 1,157.00 1,991.00 1,598.00
2017-12-31 1,143.44 1,397.88 1,121.24
2017-09-30 1,514.23 1,304.71 1,232.15
2017-06-30 1,503.05 1,274.13 1,256.18
2017-03-31 1,553.90 1,343.30 1,287.30
2016-12-31 751.50 1,558.08 824.63
2016-09-30 734.30 1,030.20 293.80
2016-06-30 732.60 947.76 262.76
2016-03-31 707.70 986.70 252.50
2015-12-31 699.63 935.22 317.17
2015-09-30 770.90 991.60 243.60
2015-06-30 839.80 952.65 249.12
2015-03-31 941.10 965.60 298.20
2014-12-31 864.06 928.61 293.50
2014-09-30 837.80 984.10 301.40
2014-06-30 777.02 960.63 252.83
2014-03-31 776.60 972.30 260.60
2013-12-31 654.52 1,037.73 294.14
2013-09-30 691.40 974.50 157.60
2013-06-30 670.35 875.97 184.85
2013-03-31 770.30 1,057.40 147.50
2012-12-31 731.80 1,013.25 169.26
  • Prosegur Compañía de Seguridad's level of debt (155.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (113.9% vs 155.5% today).
  • Debt is not well covered by operating cash flow (18.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.4x coverage).
X
Financial health checks
We assess Prosegur Compañía de Seguridad's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Prosegur Compañía de Seguridad has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PSG Dividends

 What is Prosegur Compañía de Seguridad's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.52%
Current annual income from Prosegur Compañía de Seguridad dividends. Estimated to be 4.26% next year.
If you bought €2,000 of Prosegur Compañía de Seguridad shares you are expected to receive €70 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Prosegur Compañía de Seguridad's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (2.34%).
  • Prosegur Compañía de Seguridad's dividend is below the markets top 25% of dividend payers in Spain (5.51%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BME:PSG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Europe Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 75 Stocks 3.1%
Spain Market Average Dividend Yield Market Cap Weighted Average of 81 Stocks 4.3%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.4%
Spain Bottom 25% Dividend Yield 25th Percentile 2.3%
Spain Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BME:PSG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.19 3.00
2021-12-31 0.17 8.00
2020-12-31 0.15 12.00
2019-12-31 0.14 8.00
2019-12-05
BME:PSG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.128 3.244
2018-07-27 0.116 2.396
2018-02-28 0.116 1.932
2016-02-29 0.111 1.957
2015-02-25 0.107 2.342
2014-02-28 0.107 2.189
2013-05-09 0.107 2.462
2012-07-16 0.102 2.434
2012-03-01 0.102 2.474
2011-02-28 0.098 2.790
2011-02-25 0.098 2.407
2010-03-01 0.089 2.267
2009-04-15 0.016 0.655
2009-03-04 0.081 3.982
2009-01-09 0.018 0.878

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Prosegur Compañía de Seguridad's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Prosegur Compañía de Seguridad's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prosegur Compañía de Seguridad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prosegur Compañía de Seguridad has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PSG Management

 What is the CEO of Prosegur Compañía de Seguridad's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Christian Revoredo
COMPENSATION €1,336,000
TENURE AS CEO 11.9 years
CEO Bio

Mr. Christian Gut Revoredo has been Chairman at Prosegur Cash, S.A. since December 2016 & serves as its Executive Director. Mr. Revoredo has been the Chief Executive Officer of Prosegur Compañía de Seguridad, S.A. since January 2008 and serves as its Managing Director and Senior Advisor. He has been an Executive Director of Prosegur Compañía de Seguridad, S.A. since June 30, 1997. Until 2007, he served as the General Manager of Prosegur in Spain. He has been a Director at Euroforum since 2006. He serves as Director of Prosegur Cash, S.A. He is member of the board (patronato) of Fundación Prosegur. Mr. Revoredo holds a Bachelor's degree in Economics and Business Administration from CUNEF (Centro Universitario de Estudios Financieros) (Spain) and Master in Business Administration (MBA) by Insead (France). Professional profile: Member of the Board of Trustees of the Prosegur Foundation

CEO Compensation
  • Christian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Christian's remuneration is lower than average for companies of similar size in Spain.
Management Team Tenure

Average tenure of the Prosegur Compañía de Seguridad management team in years:

2.3
Average Tenure
  • The tenure for the Prosegur Compañía de Seguridad management team is about average.
Management Team

Helena Irene Revoredo Delvecchio

TITLE
Chairman
COMPENSATION
€620K
AGE
72

Christian Revoredo

TITLE
CEO, MD
COMPENSATION
€1M
TENURE
11.9 yrs

Isidro Fernández Barreiro

TITLE
Non-Executive Vice Chairman
COMPENSATION
€296K
TENURE
2.6 yrs

Antonio Rubio Merino

TITLE
Chief Financial Officer
AGE
50

Antonio de Cárcer

TITLE
Head of Investor Relations

José Antonio Lasanta Luri

TITLE
Global Director of Strategy & Business Development

Miguel Ángel Bandrés Gutiérrez

TITLE
Corporate Director of Human Resources

Rodrigo Zulueta Galilea

TITLE
Chairman of Prosegur Latam

Arnau Tapias Monne

TITLE
Non-board Member Secretary
TENURE
1.9 yrs

María Caño Cadahía

TITLE
Non-board Member Vice Secretary
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Prosegur Compañía de Seguridad board of directors in years:

11
Average Tenure
72
Average Age
  • The average tenure for the Prosegur Compañía de Seguridad board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Helena Irene Revoredo Delvecchio

TITLE
Chairman
COMPENSATION
€620K
AGE
72
TENURE
15.9 yrs

Christian Revoredo

TITLE
CEO, MD
COMPENSATION
€1M
TENURE
22.5 yrs

Isidro Fernández Barreiro

TITLE
Non-Executive Vice Chairman
COMPENSATION
€296K
TENURE
2.6 yrs

Fernando Vives Ruiz

TITLE
External Independent Director
COMPENSATION
€105K
TENURE
7.6 yrs

Fernando D’Ornellas Silva

TITLE
External Independent Director
AGE
62
TENURE
3.7 yrs

Chantal Gut Revoredo

TITLE
Proprietary Director
COMPENSATION
€117K
TENURE
22.5 yrs

Eugenio Ruiz-Gálvez Priego

TITLE
External Director
COMPENSATION
€142K
TENURE
14.5 yrs

Ángel Durández Adeva

TITLE
External Independent Director
AGE
76
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Prosegur Compañía de Seguridad's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Prosegur Compañía de Seguridad has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PSG News

Simply Wall St News

Does Prosegur Compañía de Seguridad, S.A. (BME:PSG) Generate Enough Cash?

Today we will examine Prosegur Compañía de Seguridad’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Prosegur Compañía de Seguridad generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … There are two methods I will use to evaluate the quality of Prosegur Compañía de Seguridad’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Is Prosegur Compañía de Seguridad, S.A. (BME:PSG) A High Quality Stock To Own?

Prosegur Compañía de Seguridad has a ROE of 18%, based on the last twelve months. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.18 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In Prosegur Compañía de Seguridad SA (BME:PSG)

and want to begin learning the link between Prosegur Compañía de Seguridad SA (BME:PSG)’s return fundamentals and stock market performance. … Prosegur Compañía de Seguridad stock represents an ownership share in the company. … Therefore, looking at how efficiently Prosegur Compañía de Seguridad is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

With An ROE Of 19.81%, Has Prosegur Compañía de Seguridad SA's (BME:PSG) Management Done Well?

Prosegur Compañía de Seguridad SA (BME:PSG) delivered an ROE of 19.81% over the past 12 months, which is an impressive feat relative to its industry average of 12.20% during the same period. … If PSG borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface.

Simply Wall St -

Should Prosegur Compañía de Seguridad SA (BME:PSG) Be Part Of Your Dividend Portfolio?

In the past 10 years Prosegur Compañía de Seguridad SA (BME:PSG) has returned an average of 2.00% per year to investors in the form of dividend payouts. … Does Prosegur Compañía de Seguridad tick all the boxes of a great dividend stock? … Check out our latest analysis for Prosegur Compañía de Seguridad

Simply Wall St -

What Are Analysts Saying About Prosegur Compañía de Seguridad SA's (BME:PSG) Growth?

In March 2018, Prosegur Compañía de Seguridad SA (BME:PSG) announced its earnings update. … with earnings expected to grow by 29.50% in the upcoming year … the past 5-year average growth rate of -2.00%

Simply Wall St -

Prosegur Compañía de Seguridad SA (BME:PSG): Can Growth Justify Its July Share Price?

Prosegur Compañía de Seguridad SA (BME:PSG) is considered a high growth stock. … What can we expect from Prosegur Compañía de Seguridad in the future. … According to the analysts covering the company, the following few years should bring about good growth prospects for Prosegur Compañía de Seguridad

Simply Wall St -

Is Prosegur Compañía de Seguridad SA (BME:PSG) A Sell At Its Current PE Ratio?

and want to better understand how you can grow your money by investing in Prosegur Compañía de Seguridad SA (BME:PSG). … Prosegur Compañía de Seguridad SA (BME:PSG) is trading with a trailing P/E of 22.7x, which is higher than the industry average of 17.7x. … While PSG might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

What Should You Know About the future of Prosegur Compañía de Seguridad SA's (BME:PSG)?

Prosegur Compañía de Seguridad SA (BME:PSG) to … earnings growth of 17.14% annualised … it's important to take a step back

Simply Wall St -

Does Prosegur Compañía de Seguridad SA's (BME:PSG) Past Performance Indicate A Stronger Future?

In this article, I will take a look at Prosegur Compañía de Seguridad SA's (BME:PSG) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, along with how the rest of PSG's industry performed. … Did PSG's recent earnings growth beat the long-term trend and the industry. … PSG's trailing twelve-month earnings (from 31 March 2018) of €143.35m has.

Simply Wall St -

PSG Company Info

Description

Prosegur Compañía de Seguridad, S.A. operates in the private security sector in Europe, Asia-Oceania-Africa, and Ibero-America. The company operates through Security, Cash, and Alarms segments. The Security segment offers control center, global risk advisory, and consulting services; CCTV and video processing and management, access control, intrusion detection, fire protection, interphones and PA, integrated security, and fleet tracking systems, as well as maintenance services; on-site manned guarding, mobility, personal protection, indoor geolocation, cargo tracking, and goods in transit custody services; and legal assistance, inventories and logistic processes, receptionists, telephone operators, concierges, and events services. It also provides cybersecurity solutions comprising managed and digital security, audits and ethical hacking, and consulting. The Cash segment offers securities logistics and cash management, and outsourcing services for the banking and distribution sectors. The Alarms segment installs and maintains home alarms, as well as provides alarm monitoring services for families and businesses. The company was founded in 1976 and is headquartered in Madrid, Spain. Prosegur Compañía de Seguridad, S.A. is a subsidiary of Gubel, S.L.

Details
Name: Prosegur Compañía de Seguridad, S.A.
PSG
Exchange: BME
Founded: 1976
€2,203,140,052
598,679,362
Website: http://www.prosegur.com
Address: Prosegur Compañía de Seguridad, S.A.
Calle Pajaritos, no. 24,
Madrid,
Madrid, 28007,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME PSG Ordinary Shares Bolsas y Mercados Espanoles ES EUR 05. Jul 1988
DB PRHA Ordinary Shares Deutsche Boerse AG DE EUR 05. Jul 1988
LSE 0Q8P Ordinary Shares London Stock Exchange GB EUR 05. Jul 1988
BMV PSG N Ordinary Shares Bolsa Mexicana de Valores MX MXN 05. Jul 1988
BATS-CHIXE PSGE Ordinary Shares BATS 'Chi-X Europe' GB EUR 05. Jul 1988
Number of employees
Current staff
Staff numbers
170,640
Prosegur Compañía de Seguridad employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 20:47
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/12/02
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.