- Since 2017, investors can choose between two listed companies associated to Prosegur: the parent company, Prosegur Compañía de Seguridad, and Prosegur Cash.
- Prosegur Cash is a subsidiary of Prosegur Group, which includes cash transport and custody business, and cash management as well. The rest of the group operates security services and alarm.
- It is necessary to adjust the group’s consolidated financial statements, subtracting 27.5% of minority interests in Prosegur Cash. This accounting distortion can confuse analysts who use automatic calculations.
- Due diligence of the group is becoming more complex after the deconsolidation of the alarm business, which was partially sold to Telefonica for the new partnership.
- Prosegur Cash showed a stable operating performance until the Covid-19 crisis, but the share price reflects an extremely pessimistic future. Current trends for Prosegur Cash are not so negative.
For further details see:
Clarifying Prosegur's Structure - Prosegur Cash: That's The Interesting Stock