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Prosegur Compañía de Seguridad, S.A.

PSG.MC
56
Security & Protection Services · Industrials
Price
€2.92
+0.06 (+2.10%)
Market Cap
€1.56B
Exchange
Madrid Stock Exchange
Winston Score
56
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 13, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
Growth
Strong
Cash Flow
Strong
Stability
Mixed
Valuation
Strong
Dividends
Exceptional

Share count falling — buybacks

1.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 539.1M (2021) → 532.6M (2025)

§Winston Score History

The full picture

Prosegur Compañía de Seguridad, S.A. is a prominent entity within the private security sector. Its operations are organized into five distinct divisions: Security, Cash, Cybersecurity, Alarms, and AVOS (added-value outsourcing services). The Security segment focuses on safeguarding premises, assets, and individuals, alongside providing advanced technological security solutions. The Cash division manages the secure transportation, storage, safekeeping, counting, and categorization of currency, important documents, securities, and other valuable items that necessitate special protection due to their economic worth or inherent risk. Within the Alarms segment, the company installs and maintains residential alarm systems, in addition to offering comprehensive monitoring services for both private households and commercial enterprises. Its Cybersecurity unit delivers an array of services, including managed detection and response, managed security, cyber intelligence, red teaming, risk and compliance management, and the integration of cutting-edge cybersecurity technologies. The AVOS segment specializes in business process outsourcing, aiming to optimize operational efficiency for financial and insurance companies through strategic redesign, automation, and digital transformation initiatives. Prosegur maintains a substantial international presence, operating in diverse regions such as Germany, Spain, France, Luxembourg, Australia, China, the United States, the Philippines, India, Indonesia, Singapore, South Africa, Argentina, Brazil, Chile, Colombia, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Paraguay, Peru, and Uruguay. The company was established in 1976 and is headquartered in Madrid, Spain. Prosegur Compañía de Seguridad, S.A. functions as a subsidiary of Gubel, S.L.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+8.9% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-5.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Position

Cash flow positive

€1.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Prosegur Compañía de Seguridad, S.A. is growing revenue at 9% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
34.9%
Modest — 34.9% gross margin
Profit after running costs
Operating Margin
5.5%
Thin — 5.5% operating margin
Return on the money invested
ROCE
11.8%
Below par — 11.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+0.6%
Nearly flat sales (+0.6% YoY)
Profit growth
EPS YoY
+16.7%
Earnings growing fast (+16.7% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
326%
Turns 326% of profit into real cash
Spare cash per sale
FCF Margin
4.8%
Thin free cash flow (4.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
2.47
Heavy debt load (2.47)
Covers its interest
Interest Cover
4.10x
Adequate interest coverage (4.1x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
12.7x
Attractive valuation — P/E 12.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+2.5
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
21.82%
Healthy income — 21.82% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+257.5%
Dividend growing fast (257.5% YoY)

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