Professional
Added to YB: 2026-09-22
Pitch date: 2026-09-17
VSURE.ST [neutral]
Verisure plc
-4.73%
current return
Author Info
Mr. Market Miscalculates (mostly) shares overlooked or misunderstood small/mid-cap European companies. Sign up for the newsletter.
Company Info
Verisure plc provides security services for families and small businesses in Europe and Latin America.
Market Cap
EUR 9.1B
Pitch Price
EUR 9.00
Price Target
N/A
Dividend
2.27%
EV/EBITDA
10.15
P/E
-80.75
EV/Sales
3.63
Sector
Commercial Services and Supplies
Category
growth
Verisure plc - $VSURE.ST
VSURE.ST (deep dive): Verisure turns upfront alarm-system acquisition spending into sticky subscriptions from 6.4 million customers, with sub-8% reported attrition and roughly 15-year average tenure. Its estimated steady-state EBITDA implies a reasonable 9x EV/EBITDA, but current free cash flow supports a much steeper ~70x EV/FCF. Rising acquisition costs relative to ARPU and uncertainty over AI-enabled DIY competition make long-term profitability and cash conversion the key questions.
Read full article (21 min)