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Definitive Analysis

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Page: Dividend Discount Model

Securitas AB (publ)

Ticker: S7MB.BE | Industry: Specialty Business Services | Sector: Industrials
$13.56 0.00 (0.00%)
As of: 2026-01-12

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$159.59 - $250.67$199.41
Multi-Stage DDM$112.86 - $123.69$118.17
Blended Fair Value$158.79
Stock Price$13.11

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS3.8003.4513.4253.3293.9923.6593.3253.1182.9102.495
YoY %10.12%0.74%2.91%-16.62%9.11%10.02%6.65%7.15%16.66%0.00%
Yield28.984%26.322%26.127%25.390%30.450%27.908%25.366%23.785%22.199%19.028%

CAGRValue
5 Year0.76%
10 Year4.30%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth1.97% to 3.97%2.97%
WACC9.00%9.00%
Fair Value$159.59 - $250.67$199.41

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income5,160.005,160.005,160.00
(=) Cash Required1,032.00645.00387.00
Cash Retained5,160.005,160.005,160.00
(-) Cash Required-1,032.00-645.00-387.00
(=) Excess Retained4,128.004,515.004,773.00
(/) Shares Outstanding572,918,000572,918,000572,918,000
(=) Excess Retained per Share7.217.888.33
LTM Dividend per Share3.8003.8003.800
(+) Excess Retained per Share7.217.888.33
(=) Adjusted Dividend11.00511.68112.131

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income5,160.005,313.185,470.905,633.315,800.545,972.74
Payout Ratio42.2%25.0%41.0%57.0%73.0%90.0%
Projected Dividends2,177.001,328.292,243.073,210.994,234.405,375.46

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV1,259.921,272.281,284.63
Year 2 PV1,932.981,971.082,009.55
Year 3 PV2,513.952,588.642,664.80
Year 4 PV3,011.933,131.833,255.28
Year 5 PV3,473.803,647.513,828.10
TV PV52,468.9255,092.6757,820.36
Equity Value64,661.5067,704.0270,862.72
Fair Value$112.86$118.17$123.69
Stock Price$13.11$13.11$13.11

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