SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:SES - CA8139211038 - Common Stock
17.96 CAD
+0.11 (+0.62%)
Taking everything into account, SES scores 5 out of 10 in our fundamental rating. SES was compared to 215 industry peers in the Oil, Gas & Consumable Fuels industry. While SES belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SES has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
SES had positive earnings in the past year.
In the past year SES had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: SES reported negative net income in multiple years.
Each year in the past 5 years SES had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.09%, SES is in the better half of the industry, outperforming 79.07% of the companies in the same industry.
Looking at the Return On Equity, with a value of 13.40%, SES belongs to the top of the industry, outperforming 90.70% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 10.66%, SES belongs to the top of the industry, outperforming 95.81% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SES is significantly above the industry average of 6.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 13.4% | ||
| ROIC | 10.66% |
ROA(3y)12.95%
ROA(5y)5.15%
ROE(3y)28.94%
ROE(5y)11.22%
ROIC(3y)12.5%
ROIC(5y)N/A
1.3 Margins
SES has a Profit Margin (1.02%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of SES has grown nicely.
SES has a Operating Margin (2.63%) which is in line with its industry peers.
In the last couple of years the Operating Margin of SES has grown nicely.
SES has a Gross Margin of 3.99%. This is comparable to the rest of the industry: SES outperforms 42.33% of its industry peers.
SES's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.63% | ||
| PM (TTM) | 1.02% | ||
| GM | 3.99% |
OM growth 3Y-0.69%
OM growth 5Y26.32%
PM growth 3YN/A
PM growth 5Y153.2%
GM growth 3Y-10.11%
GM growth 5Y-0.77%
2. Health
2.1 Basic Checks
SES has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SES has been reduced compared to 1 year ago.
The number of shares outstanding for SES has been increased compared to 5 years ago.
The debt/assets ratio for SES has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.78 indicates that SES is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.78, SES belongs to the top of the industry, outperforming 86.98% of the companies in the same industry.
The Debt to FCF ratio of SES is 9.95, which is on the high side as it means it would take SES, 9.95 years of fcf income to pay off all of its debts.
SES's Debt to FCF ratio of 9.95 is fine compared to the rest of the industry. SES outperforms 74.88% of its industry peers.
SES has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
SES's Debt to Equity ratio of 1.27 is on the low side compared to the rest of the industry. SES is outperformed by 60.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 5.78 |
ROIC/WACC1.43
WACC7.48%
2.3 Liquidity
A Current Ratio of 1.21 indicates that SES should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.21, SES is in the better half of the industry, outperforming 67.91% of the companies in the same industry.
SES has a Quick Ratio of 1.21. This is a bad value and indicates that SES is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Quick ratio value of 0.92, SES is doing good in the industry, outperforming 64.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
The earnings per share for SES have decreased strongly by -79.82% in the last year.
Measured over the past years, SES shows a very strong growth in Earnings Per Share. The EPS has been growing by 121.24% on average per year.
The Revenue for SES has decreased by -23.28% in the past year. This is quite bad
Measured over the past years, SES shows a very strong growth in Revenue. The Revenue has been growing by 28.44% on average per year.
EPS 1Y (TTM)-79.82%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-100%
Revenue 1Y (TTM)-23.28%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%-2.41%
3.2 Future
Based on estimates for the next years, SES will show a very negative growth in Earnings Per Share. The EPS will decrease by -18.65% on average per year.
The Revenue is expected to decrease by -8.27% on average over the next years.
EPS Next Y-66.11%
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
EPS Next 5YN/A
Revenue Next Year-59%
Revenue Next 2Y-34.27%
Revenue Next 3Y-23.49%
Revenue Next 5Y-8.27%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
SES is valuated quite expensively with a Price/Earnings ratio of 40.82.
SES's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.41. SES is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 17.78 indicates a rather expensive valuation of SES.
SES's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.40, SES is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.82 | ||
| Fwd PE | 17.78 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA ratio is in line with the industry average.
SES's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.44 | ||
| EV/EBITDA | 10.91 |
4.3 Compensation for Growth
SES has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as SES's earnings are expected to decrease with -18.65% in the coming years.
PEG (NY)N/A
PEG (5Y)0.34
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 2.23%.
SES's Dividend Yield is a higher than the industry average which is at 5.88.
SES's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
5.2 History
The dividend of SES is nicely growing with an annual growth rate of 7.92%!
SES has been paying a dividend for at least 10 years, so it has a reliable track record.
SES has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.92%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
SES pays out 91.35% of its income as dividend. This is not a sustainable payout ratio.
SES's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP91.35%
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
TSX:SES (12/4/2025, 7:00:00 PM)
17.96
+0.11 (+0.62%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners51.23%
Inst Owner ChangeN/A
Ins Owners1.86%
Ins Owner ChangeN/A
Market Cap3.92B
Revenue(TTM)10.20B
Net Income(TTM)104.00M
Analysts74.29
Price Target21 (16.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP91.35%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-56.68%
Min EPS beat(2)-100%
Max EPS beat(2)-13.37%
EPS beat(4)0
Avg EPS beat(4)-45.91%
Min EPS beat(4)-100%
Max EPS beat(4)-13.37%
EPS beat(8)3
Avg EPS beat(8)105.5%
EPS beat(12)4
Avg EPS beat(12)65.86%
EPS beat(16)7
Avg EPS beat(16)-609.11%
Revenue beat(2)1
Avg Revenue beat(2)-6.93%
Min Revenue beat(2)-13.93%
Max Revenue beat(2)0.07%
Revenue beat(4)2
Avg Revenue beat(4)-5.42%
Min Revenue beat(4)-13.93%
Max Revenue beat(4)3.18%
Revenue beat(8)6
Avg Revenue beat(8)1.81%
Revenue beat(12)10
Avg Revenue beat(12)62.61%
Revenue beat(16)14
Avg Revenue beat(16)154.95%
PT rev (1m)15.06%
PT rev (3m)15.06%
EPS NQ rev (1m)-10.33%
EPS NQ rev (3m)-7.82%
EPS NY rev (1m)-13.9%
EPS NY rev (3m)-16.79%
Revenue NQ rev (1m)-9.11%
Revenue NQ rev (3m)-7.46%
Revenue NY rev (1m)-2.3%
Revenue NY rev (3m)-1.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.82 | ||
| Fwd PE | 17.78 | ||
| P/S | 0.38 | ||
| P/FCF | 38.44 | ||
| P/OCF | 13.03 | ||
| P/B | 5.05 | ||
| P/tB | 8.81 | ||
| EV/EBITDA | 10.91 |
EPS(TTM)0.44
EY2.45%
EPS(NY)1.01
Fwd EY5.62%
FCF(TTM)0.47
FCFY2.6%
OCF(TTM)1.38
OCFY7.68%
SpS46.74
BVpS3.55
TBVpS2.04
PEG (NY)N/A
PEG (5Y)0.34
Graham Number5.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 13.4% | ||
| ROCE | 13.54% | ||
| ROIC | 10.66% | ||
| ROICexc | 10.8% | ||
| ROICexgc | 13% | ||
| OM | 2.63% | ||
| PM (TTM) | 1.02% | ||
| GM | 3.99% | ||
| FCFM | 1% |
ROA(3y)12.95%
ROA(5y)5.15%
ROE(3y)28.94%
ROE(5y)11.22%
ROIC(3y)12.5%
ROIC(5y)N/A
ROICexc(3y)12.62%
ROICexc(5y)N/A
ROICexgc(3y)15.28%
ROICexgc(5y)N/A
ROCE(3y)15.88%
ROCE(5y)N/A
ROICexgc growth 3Y64.69%
ROICexgc growth 5Y64.56%
ROICexc growth 3Y66%
ROICexc growth 5Y59.12%
OM growth 3Y-0.69%
OM growth 5Y26.32%
PM growth 3YN/A
PM growth 5Y153.2%
GM growth 3Y-10.11%
GM growth 5Y-0.77%
F-Score5
Asset Turnover4.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 9.95 | ||
| Debt/EBITDA | 2.19 | ||
| Cap/Depr | 109.34% | ||
| Cap/Sales | 1.95% | ||
| Interest Coverage | 5.15 | ||
| Cash Conversion | 66.89% | ||
| Profit Quality | 98.08% | ||
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | 5.78 |
F-Score5
WACC7.48%
ROIC/WACC1.43
Cap/Depr(3y)77.13%
Cap/Depr(5y)61.14%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.99%
Profit Quality(3y)116.66%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-79.82%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-100%
EPS Next Y-66.11%
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
EPS Next 5YN/A
Revenue 1Y (TTM)-23.28%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%-2.41%
Revenue Next Year-59%
Revenue Next 2Y-34.27%
Revenue Next 3Y-23.49%
Revenue Next 5Y-8.27%
EBIT growth 1Y-31.98%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year123.76%
EBIT Next 3Y34.83%
EBIT Next 5Y22.75%
FCF growth 1Y-65.31%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y-39.56%
OCF growth 3Y88.67%
OCF growth 5Y20.38%
SECURE WASTE INFRASTRUCTURE / SES.CA FAQ
What is the fundamental rating for SES stock?
ChartMill assigns a fundamental rating of 5 / 10 to SES.CA.
Can you provide the valuation status for SECURE WASTE INFRASTRUCTURE?
ChartMill assigns a valuation rating of 2 / 10 to SECURE WASTE INFRASTRUCTURE (SES.CA). This can be considered as Overvalued.
What is the profitability of SES stock?
SECURE WASTE INFRASTRUCTURE (SES.CA) has a profitability rating of 7 / 10.
What is the valuation of SECURE WASTE INFRASTRUCTURE based on its PE and PB ratios?
The Price/Earnings (PE) ratio for SECURE WASTE INFRASTRUCTURE (SES.CA) is 40.82 and the Price/Book (PB) ratio is 5.05.
How financially healthy is SECURE WASTE INFRASTRUCTURE?
The financial health rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10.