SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada - TSX:SES - CA8139211038 - Common Stock
17.77 CAD
+0.55 (+3.19%)
Taking everything into account, SES scores 5 out of 10 in our fundamental rating. SES was compared to 212 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SES was profitable.
SES had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: SES reported negative net income in multiple years.
In the past 5 years SES always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 4.09%, SES is doing good in the industry, outperforming 76.17% of the companies in the same industry.
SES's Return On Equity of 13.40% is amongst the best of the industry. SES outperforms 89.72% of its industry peers.
The Return On Invested Capital of SES (10.66%) is better than 94.86% of its industry peers.
SES had an Average Return On Invested Capital over the past 3 years of 12.50%. This is significantly above the industry average of 6.73%.
| 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
The Profit Margin of SES (1.02%) is comparable to the rest of the industry.
SES's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 2.63%, SES is in line with its industry, outperforming 48.13% of the companies in the same industry.
In the last couple of years the Operating Margin of SES has grown nicely.
The Gross Margin of SES (3.99%) is comparable to the rest of the industry.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SES is creating some value.
SES has less shares outstanding than it did 1 year ago.
SES has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SES has an improved debt to assets ratio.
2.2 Solvency
SES has an Altman-Z score of 5.77. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
SES has a Altman-Z score of 5.77. This is amongst the best in the industry. SES outperforms 87.38% of its industry peers.
SES has a debt to FCF ratio of 9.95. This is a negative value and a sign of low solvency as SES would need 9.95 years to pay back of all of its debts.
The Debt to FCF ratio of SES (9.95) is better than 73.36% 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.
With a Debt to Equity ratio value of 1.27, SES is not doing good in the industry: 63.08% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 5.77 |
ROIC/WACC1.47
WACC7.24%
2.3 Liquidity
SES has a Current Ratio of 1.21. This is a normal value and indicates that SES is financially healthy and should not expect problems in meeting its short term obligations.
SES's Current ratio of 1.21 is fine compared to the rest of the industry. SES outperforms 65.89% of its industry peers.
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.
SES has a better Quick ratio (0.92) than 63.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
SES shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 226.15%, which is quite impressive.
SES shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 121.24% yearly.
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)226.15%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-98.84%
Revenue 1Y (TTM)-23.28%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%561.23%
3.2 Future
The Earnings Per Share is expected to decrease by -18.65% on average over the next years. This is quite bad
Based on estimates for the next years, SES will show a decrease in Revenue. The Revenue will decrease by -8.27% on average per year.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.38, the valuation of SES can be described as very reasonable.
78.04% of the companies in the same industry are more expensive than SES, based on the Price/Earnings ratio.
SES is valuated cheaply when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 17.59 indicates a rather expensive valuation of SES.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SES is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of SES to the average of the S&P500 Index (34.59), we can say SES is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 17.59 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA is on the same level as the industry average.
SES's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.03 | ||
| EV/EBITDA | 10.82 |
4.3 Compensation for Growth
SES has a very decent profitability rating, which may justify a higher PE ratio.
SES's earnings are expected to decrease with -18.65% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.07
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 2.32%. Purely for dividend investing, there may be better candidates out there.
SES's Dividend Yield is a higher than the industry average which is at 5.31.
Compared to an average S&P500 Dividend Yield of 2.44, SES has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.32% |
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
91.35% of the earnings are spent on dividend by SES. This is not a sustainable payout ratio.
The Dividend Rate of SES has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP91.35%
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
TSX:SES (11/14/2025, 7:00:00 PM)
17.77
+0.55 (+3.19%)
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 Cap3.88B
Revenue(TTM)10.20B
Net Income(TTM)104.00M
Analysts74.29
Price Target20.57 (15.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.32% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP91.35%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)241.63%
Min Revenue beat(2)0.07%
Max Revenue beat(2)483.19%
Revenue beat(4)3
Avg Revenue beat(4)118.86%
Min Revenue beat(4)-11%
Max Revenue beat(4)483.19%
Revenue beat(8)7
Avg Revenue beat(8)63.95%
Revenue beat(12)11
Avg Revenue beat(12)104.04%
Revenue beat(16)15
Avg Revenue beat(16)186.02%
PT rev (1m)12.73%
PT rev (3m)12.73%
EPS NQ rev (1m)-2.72%
EPS NQ rev (3m)0%
EPS NY rev (1m)-13.9%
EPS NY rev (3m)-27.85%
Revenue NQ rev (1m)-1.31%
Revenue NQ rev (3m)0.32%
Revenue NY rev (1m)-2.3%
Revenue NY rev (3m)-0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.38 | ||
| Fwd PE | 17.59 | ||
| P/S | 0.38 | ||
| P/FCF | 38.03 | ||
| P/OCF | 12.89 | ||
| P/B | 5 | ||
| P/tB | 8.72 | ||
| EV/EBITDA | 10.82 |
EPS(TTM)2.12
EY11.93%
EPS(NY)1.01
Fwd EY5.68%
FCF(TTM)0.47
FCFY2.63%
OCF(TTM)1.38
OCFY7.76%
SpS46.74
BVpS3.55
TBVpS2.04
PEG (NY)N/A
PEG (5Y)0.07
Graham Number13.02
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 | 5.77 |
F-Score5
WACC7.24%
ROIC/WACC1.47
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)226.15%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-98.84%
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%561.23%
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 5Y22.69%
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 4 / 10 to SECURE WASTE INFRASTRUCTURE (SES.CA). This can be considered as Fairly Valued.
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 8.38 and the Price/Book (PB) ratio is 5.
How financially healthy is SECURE WASTE INFRASTRUCTURE?
The financial health rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10.