SECURE WASTE INFRASTRUCTURE (SES.CA) Fundamental Analysis & Valuation

TSX:SES • CA8139211038

Current stock price

21.74 CAD
-0.16 (-0.73%)
Last:

This SES.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. SES.CA Profitability Analysis

1.1 Basic Checks

  • In the past year SES was profitable.
  • In the past year SES had a positive cash flow from operations.
  • Of the past 5 years SES 4 years were profitable.
  • SES had a positive operating cash flow in each of the past 5 years.
SES.CA Yearly Net Income VS EBIT VS OCF VS FCFSES.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • SES has a Return On Assets of 4.09%. This is in the better half of the industry: SES outperforms 77.62% of its industry peers.
  • SES has a better Return On Equity (13.40%) than 90.48% of its industry peers.
  • SES's Return On Invested Capital of 10.61% is amongst the best of the industry. SES outperforms 96.19% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SES is significantly above the industry average of 6.90%.
Industry RankSector Rank
ROA 4.09%
ROE 13.4%
ROIC 10.61%
ROA(3y)12.41%
ROA(5y)7.36%
ROE(3y)29.28%
ROE(5y)16.8%
ROIC(3y)12.23%
ROIC(5y)10.3%
SES.CA Yearly ROA, ROE, ROICSES.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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.
  • With a Operating Margin value of 2.63%, SES perfoms like the industry average, outperforming 52.86% of the companies in the same industry.
  • SES's Operating Margin has improved in the last couple of years.
  • SES's Gross Margin of 3.99% is in line compared to the rest of the industry. SES outperforms 46.67% of its industry peers.
  • SES's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 2.63%
PM (TTM) 1.02%
GM 3.99%
OM growth 3Y62.89%
OM growth 5YN/A
PM growth 3Y53.74%
PM growth 5YN/A
GM growth 3Y66.82%
GM growth 5Y70.69%
SES.CA Yearly Profit, Operating, Gross MarginsSES.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

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5

2. SES.CA Health Analysis

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.
  • The number of shares outstanding for SES has been increased compared to 5 years ago.
  • SES has a worse debt/assets ratio than last year.
SES.CA Yearly Shares OutstandingSES.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
SES.CA Yearly Total Debt VS Total AssetsSES.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 6.06 indicates that SES is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of SES (6.06) is better than 86.19% 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.
  • Looking at the Debt to FCF ratio, with a value of 9.95, SES is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
  • A Debt/Equity ratio of 1.27 is on the high side and indicates that SES has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.27, SES is not doing good in the industry: 60.48% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 9.95
Altman-Z 6.06
ROIC/WACC1.44
WACC7.39%
SES.CA Yearly LT Debt VS Equity VS FCFSES.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 1.21 indicates that SES should not have too much problems paying its short term obligations.
  • SES has a Current ratio of 1.21. This is in the better half of the industry: SES outperforms 67.14% 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.
  • Looking at the Quick ratio, with a value of 0.92, SES is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.92
SES.CA Yearly Current Assets VS Current LiabilitesSES.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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4

3. SES.CA Growth Analysis

3.1 Past

  • SES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -74.53%.
  • SES shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.35% yearly.
  • SES shows a small growth in Revenue. In the last year, the Revenue has grown by 3.59%.
  • Measured over the past years, SES shows a decrease in Revenue. The Revenue has been decreasing by -4.20% on average per year.
EPS 1Y (TTM)-74.53%
EPS 3Y-2.35%
EPS 5YN/A
EPS Q2Q%71.43%
Revenue 1Y (TTM)3.59%
Revenue growth 3Y-43.13%
Revenue growth 5Y-4.2%
Sales Q2Q%12.05%

3.2 Future

  • The Earnings Per Share is expected to grow by 45.00% on average over the next years. This is a very strong growth
  • SES is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.78% yearly.
EPS Next Y83.06%
EPS Next 2Y42.87%
EPS Next 3Y45%
EPS Next 5YN/A
Revenue Next Year4.88%
Revenue Next 2Y5.18%
Revenue Next 3Y3.76%
Revenue Next 5Y12.78%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SES.CA Yearly Revenue VS EstimatesSES.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B
SES.CA Yearly EPS VS EstimatesSES.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 1 1.5 2

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5

4. SES.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • SES is valuated quite expensively with a Price/Earnings ratio of 40.26.
  • SES's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.21, SES is valued quite expensively.
  • With a Price/Forward Earnings ratio of 21.99, SES is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, SES is valued a bit cheaper than the industry average as 69.05% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of SES to the average of the S&P500 Index (23.13), we can say SES is valued inline with the index average.
Industry RankSector Rank
PE 40.26
Fwd PE 21.99
SES.CA Price Earnings VS Forward Price EarningsSES.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

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.
  • 62.38% of the companies in the same industry are more expensive than SES, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 46.23
EV/EBITDA 12.76
SES.CA Per share dataSES.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • SES's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • SES has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as SES's earnings are expected to grow with 45.00% in the coming years.
PEG (NY)0.48
PEG (5Y)N/A
EPS Next 2Y42.87%
EPS Next 3Y45%

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5

5. SES.CA Dividend Analysis

5.1 Amount

  • SES has a Yearly Dividend Yield of 1.88%. 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 4.07.
  • SES's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.88%

5.2 History

  • On average, the dividend of SES grows each year by 29.14%, which is quite nice.
  • SES has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)29.14%
Div Incr Years0
Div Non Decr Years0
SES.CA Yearly Dividends per shareSES.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • SES pays out 91.35% of its income as dividend. This is not a sustainable payout ratio.
  • SES's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP91.35%
EPS Next 2Y42.87%
EPS Next 3Y45%
SES.CA Yearly Income VS Free CF VS DividendSES.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M
SES.CA Dividend Payout.SES.CA Dividend Payout, showing the Payout Ratio.SES.CA Dividend Payout.PayoutRetained Earnings

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SES.CA Fundamentals: All Metrics, Ratios and Statistics

SECURE WASTE INFRASTRUCTURE

TSX:SES (4/6/2026, 7:00:00 PM)

21.74

-0.16 (-0.73%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-20
Earnings (Next)04-30
Inst Owners52.36%
Inst Owner ChangeN/A
Ins Owners1.93%
Ins Owner ChangeN/A
Market Cap4.72B
Revenue(TTM)1.47B
Net Income(TTM)104.00M
Analysts71.67
Price Target22.04 (1.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.88%
Yearly Dividend0.39
Dividend Growth(5Y)29.14%
DP91.35%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-01
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)1.57%
PT rev (3m)4.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.82%
EPS NY rev (1m)0%
EPS NY rev (3m)0.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.63%
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-3.21%
Valuation
Industry RankSector Rank
PE 40.26
Fwd PE 21.99
P/S 0.46
P/FCF 46.23
P/OCF 15.67
P/B 6.08
P/tB 10.6
EV/EBITDA 12.76
EPS(TTM)0.54
EY2.48%
EPS(NY)0.99
Fwd EY4.55%
FCF(TTM)0.47
FCFY2.16%
OCF(TTM)1.39
OCFY6.38%
SpS47.04
BVpS3.58
TBVpS2.05
PEG (NY)0.48
PEG (5Y)N/A
Graham Number6.59
Profitability
Industry RankSector Rank
ROA 4.09%
ROE 13.4%
ROCE 13.54%
ROIC 10.61%
ROICexc 10.74%
ROICexgc 12.92%
OM 2.63%
PM (TTM) 1.02%
GM 3.99%
FCFM 1%
ROA(3y)12.41%
ROA(5y)7.36%
ROE(3y)29.28%
ROE(5y)16.8%
ROIC(3y)12.23%
ROIC(5y)10.3%
ROICexc(3y)12.36%
ROICexc(5y)10.4%
ROICexgc(3y)14.66%
ROICexgc(5y)12.59%
ROCE(3y)15.61%
ROCE(5y)13.15%
ROICexgc growth 3Y-3.63%
ROICexgc growth 5YN/A
ROICexc growth 3Y-1.59%
ROICexc growth 5YN/A
OM growth 3Y62.89%
OM growth 5YN/A
PM growth 3Y53.74%
PM growth 5YN/A
GM growth 3Y66.82%
GM growth 5Y70.69%
F-Score5
Asset Turnover4.01
Health
Industry RankSector 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 6.06
F-Score5
WACC7.39%
ROIC/WACC1.44
Cap/Depr(3y)99.05%
Cap/Depr(5y)75.19%
Cap/Sales(3y)9.06%
Cap/Sales(5y)5.9%
Profit Quality(3y)72.6%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-74.53%
EPS 3Y-2.35%
EPS 5YN/A
EPS Q2Q%71.43%
EPS Next Y83.06%
EPS Next 2Y42.87%
EPS Next 3Y45%
EPS Next 5YN/A
Revenue 1Y (TTM)3.59%
Revenue growth 3Y-43.13%
Revenue growth 5Y-4.2%
Sales Q2Q%12.05%
Revenue Next Year4.88%
Revenue Next 2Y5.18%
Revenue Next 3Y3.76%
Revenue Next 5Y12.78%
EBIT growth 1Y-31.98%
EBIT growth 3Y-7.36%
EBIT growth 5YN/A
EBIT Next Year78.28%
EBIT Next 3Y24.47%
EBIT Next 5Y17.22%
FCF growth 1Y-60%
FCF growth 3Y-46.59%
FCF growth 5Y-9.11%
OCF growth 1Y-20.58%
OCF growth 3Y-12.75%
OCF growth 5Y12.92%

SECURE WASTE INFRASTRUCTURE / SES.CA Fundamental Analysis FAQ

What is the fundamental rating for SES stock?

ChartMill assigns a fundamental rating of 5 / 10 to SES.CA.


What is the valuation status of SECURE WASTE INFRASTRUCTURE (SES.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to SECURE WASTE INFRASTRUCTURE (SES.CA). This can be considered as Fairly Valued.


How profitable is SECURE WASTE INFRASTRUCTURE (SES.CA) stock?

SECURE WASTE INFRASTRUCTURE (SES.CA) has a profitability rating of 7 / 10.


Can you provide the financial health for SES stock?

The financial health rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10.


Can you provide the expected EPS growth for SES stock?

The Earnings per Share (EPS) of SECURE WASTE INFRASTRUCTURE (SES.CA) is expected to grow by 83.06% in the next year.