SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada - TSX:SES - CA8139211038 - Common Stock
17.84 CAD
-0.27 (-1.49%)
Taking everything into account, SES scores 5 out of 10 in our fundamental rating. SES was compared to 210 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 correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
SES had positive earnings in the past year.
SES had a positive operating cash flow in the past year.
In multiple years SES reported negative net income over the last 5 years.
Each year in the past 5 years SES had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 7.93%, SES belongs to the best of the industry, outperforming 89.52% of the companies in the same industry.
SES's Return On Equity of 24.11% is amongst the best of the industry. SES outperforms 96.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.80%, SES belongs to the top of the industry, outperforming 93.81% of the companies in the same industry.
SES had an Average Return On Invested Capital over the past 3 years of 12.50%. This is significantly above the industry average of 6.85%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.93% | ||
| ROE | 24.11% | ||
| ROIC | 10.8% |
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
Looking at the Profit Margin, with a value of 1.90%, SES is in line with its industry, outperforming 53.33% of the companies in the same industry.
In the last couple of years the Profit Margin of SES has grown nicely.
Looking at the Operating Margin, with a value of 2.60%, SES is in line with its industry, outperforming 46.67% of the companies in the same industry.
SES's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 3.97%, SES perfoms like the industry average, outperforming 41.90% 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 | 2.6% | ||
| PM (TTM) | 1.9% | ||
| GM | 3.97% |
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.
SES has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SES has more shares outstanding
SES has a better debt/assets ratio than last year.
2.2 Solvency
SES has an Altman-Z score of 6.05. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 6.05, SES belongs to the best of the industry, outperforming 87.62% of the companies in the same industry.
SES has a debt to FCF ratio of 4.86. This is a neutral value as SES would need 4.86 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.86, SES belongs to the top of the industry, outperforming 81.90% of the companies in the same industry.
A Debt/Equity ratio of 1.19 is on the high side and indicates that SES has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.19, SES is doing worse than 61.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | 6.05 |
ROIC/WACC1.4
WACC7.72%
2.3 Liquidity
A Current Ratio of 1.30 indicates that SES should not have too much problems paying its short term obligations.
SES's Current ratio of 1.30 is fine compared to the rest of the industry. SES outperforms 67.14% of its industry peers.
SES has a Quick Ratio of 1.03. This is a normal value and indicates that SES is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SES (1.03) is better than 67.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The earnings per share for SES have decreased strongly by -57.44% 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 -19.81% in the past year. This is quite bad
The Revenue has been growing by 28.44% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-57.44%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%16.67%
Revenue 1Y (TTM)-19.81%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%4.75%
3.2 Future
SES is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.47% yearly.
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-60.64%
EPS Next 2Y-31.41%
EPS Next 3Y-17.47%
EPS Next 5YN/A
Revenue Next Year-58.04%
Revenue Next 2Y-33.28%
Revenue Next 3Y-22.62%
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
Based on the Price/Earnings ratio of 21.49, the valuation of SES can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of SES is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.40, SES is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 17.89, the valuation of SES can be described as rather expensive.
SES's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.94. SES is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 17.89 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA ratio is in line with the industry average.
SES's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SES is cheaper than 60.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.81 | ||
| EV/EBITDA | 10.89 |
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 -17.47% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.18
EPS Next 2Y-31.41%
EPS Next 3Y-17.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.13%, SES has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.51, SES has a dividend in line with its industry peers.
SES's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.13% |
5.2 History
On average, the dividend of SES grows each year by 7.92%, which is quite nice.
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
49.24% of the earnings are spent on dividend by SES. This is a bit on the high side, but may be sustainable.
DP49.24%
EPS Next 2Y-31.41%
EPS Next 3Y-17.47%
TSX:SES (10/16/2025, 7:00:00 PM)
17.84
-0.27 (-1.49%)
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 Cap3.89B
Analysts75.71
Price Target18.25 (2.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.13% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP49.24%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.98%
Min EPS beat(2)-32.59%
Max EPS beat(2)-13.37%
EPS beat(4)1
Avg EPS beat(4)-2.03%
Min EPS beat(4)-37.7%
Max EPS beat(4)75.52%
EPS beat(8)3
Avg EPS beat(8)116.5%
EPS beat(12)5
Avg EPS beat(12)76.67%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)1.62%
Min Revenue beat(2)0.07%
Max Revenue beat(2)3.18%
Revenue beat(4)3
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-11%
Max Revenue beat(4)7.13%
Revenue beat(8)7
Avg Revenue beat(8)3.71%
Revenue beat(12)11
Avg Revenue beat(12)101.79%
Revenue beat(16)15
Avg Revenue beat(16)177.13%
PT rev (1m)0%
PT rev (3m)3.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.69%
EPS NY rev (1m)-3.36%
EPS NY rev (3m)-16.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.64%
Revenue NY rev (3m)1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 17.89 | ||
| P/S | 0.38 | ||
| P/FCF | 18.81 | ||
| P/OCF | 10.91 | ||
| P/B | 4.77 | ||
| P/tB | 8.08 | ||
| EV/EBITDA | 10.89 |
EPS(TTM)0.83
EY4.65%
EPS(NY)1
Fwd EY5.59%
FCF(TTM)0.95
FCFY5.32%
OCF(TTM)1.64
OCFY9.17%
SpS47.39
BVpS3.74
TBVpS2.21
PEG (NY)N/A
PEG (5Y)0.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.93% | ||
| ROE | 24.11% | ||
| ROCE | 13.72% | ||
| ROIC | 10.8% | ||
| ROICexc | 10.98% | ||
| ROICexgc | 13.28% | ||
| OM | 2.6% | ||
| PM (TTM) | 1.9% | ||
| GM | 3.97% | ||
| FCFM | 2% |
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
ROICexcg growth 3Y64.69%
ROICexcg 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 Turnover4.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.86 | ||
| Debt/EBITDA | 2.18 | ||
| Cap/Depr | 84.27% | ||
| Cap/Sales | 1.45% | ||
| Interest Coverage | 5.72 | ||
| Cash Conversion | 79.87% | ||
| Profit Quality | 105.08% | ||
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 6.05 |
F-Score5
WACC7.72%
ROIC/WACC1.4
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)-57.44%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%16.67%
EPS Next Y-60.64%
EPS Next 2Y-31.41%
EPS Next 3Y-17.47%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.81%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%4.75%
Revenue Next Year-58.04%
Revenue Next 2Y-33.28%
Revenue Next 3Y-22.62%
Revenue Next 5Y-8.27%
EBIT growth 1Y-35.18%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year123.76%
EBIT Next 3Y34.83%
EBIT Next 5Y22.66%
FCF growth 1Y-29.35%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y-24.2%
OCF growth 3Y88.67%
OCF growth 5Y20.38%