SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:SES - CA8139211038 - Common Stock
18.13 CAD
+0.17 (+0.95%)
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. SES scores excellent on profitability, but there are some minor concerns on its financial health. SES is valued expensive and it does not seem to be growing.
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
SES has a better Return On Assets (4.09%) than 77.67% of its industry peers.
SES's Return On Equity of 13.40% is amongst the best of the industry. SES outperforms 89.77% of its industry peers.
SES's Return On Invested Capital of 10.66% is amongst the best of the industry. SES outperforms 94.88% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SES is significantly above the industry average of 6.62%.
| 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
With a Profit Margin value of 1.02%, SES perfoms like the industry average, outperforming 54.42% of the companies in the same industry.
SES's Profit Margin has improved in the last couple of years.
SES has a Operating Margin of 2.63%. This is comparable to the rest of the industry: SES outperforms 49.30% of its industry peers.
SES's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 3.99%, SES perfoms like the industry average, outperforming 42.33% of the companies in the same industry.
In the last couple of years the Gross Margin of SES has remained more or less at the same level.
| 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.
Compared to 5 years ago, SES has more shares outstanding
The debt/assets ratio for SES has been reduced compared to a year ago.
2.2 Solvency
SES has an Altman-Z score of 5.78. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
SES's Altman-Z score of 5.78 is amongst the best of the industry. SES outperforms 87.44% of its industry peers.
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.
The Debt to FCF ratio of SES (9.95) is better than 73.95% of its industry peers.
A Debt/Equity ratio of 1.27 is on the high side and indicates that SES has dependencies on debt 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 61.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 5.78 |
ROIC/WACC1.42
WACC7.49%
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 66.98% 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's Quick ratio of 0.92 is fine compared to the rest of the industry. SES outperforms 66.05% 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 negative growth in Earnings Per Share. In the last year the EPS decreased by -79.82%.
The Earnings Per Share has been growing by 121.24% on average over the past years. This is a very strong growth
The Revenue for SES has decreased by -23.28% in the past year. This is quite bad
SES shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.44% yearly.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
The Price/Earnings ratio is 41.20, which means the current valuation is very expensive for SES.
Compared to the rest of the industry, the Price/Earnings ratio of SES is on the same level as its industry peers.
SES is valuated expensively when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 17.95 indicates a rather expensive valuation of SES.
SES's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.59, SES is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.2 | ||
| Fwd PE | 17.95 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SES is on the same level as its industry peers.
SES's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.8 | ||
| 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%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.87, SES pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, SES has a dividend comparable with the average S&P500 company.
| 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 paid a dividend for at least 10 years, which is 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 (11/28/2025, 7:00:00 PM)
18.13
+0.17 (+0.95%)
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 Cap3.96B
Revenue(TTM)10.20B
Net Income(TTM)104.00M
Analysts74.29
Price Target21 (15.83%)
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)-8.95%
Revenue NQ rev (3m)-7.46%
Revenue NY rev (1m)-2.3%
Revenue NY rev (3m)-1.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.2 | ||
| Fwd PE | 17.95 | ||
| P/S | 0.39 | ||
| P/FCF | 38.8 | ||
| P/OCF | 13.15 | ||
| P/B | 5.1 | ||
| P/tB | 8.89 | ||
| EV/EBITDA | 10.91 |
EPS(TTM)0.44
EY2.43%
EPS(NY)1.01
Fwd EY5.57%
FCF(TTM)0.47
FCFY2.58%
OCF(TTM)1.38
OCFY7.61%
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
WACC7.49%
ROIC/WACC1.42
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 5Y22.69%
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 3 / 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 41.2 and the Price/Book (PB) ratio is 5.1.
How financially healthy is SECURE WASTE INFRASTRUCTURE?
The financial health rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10.