SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:SES • CA8139211038
17.31 CAD
-0.03 (-0.17%)
Last: Jan 29, 2026, 07:00 PM
We assign a fundamental rating of 5 out of 10 to SES. SES was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. While SES has a great profitability rating, 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
- In the past year SES was profitable.
- SES had a positive operating cash flow in the past year.
- In multiple years SES reported negative net income over the last 5 years.
- SES had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- SES's Return On Assets of 4.09% is fine compared to the rest of the industry. SES outperforms 78.16% of its industry peers.
- SES has a Return On Equity of 13.40%. This is amongst the best in the industry. SES outperforms 89.81% of its industry peers.
- With an excellent Return On Invested Capital value of 10.66%, SES belongs to the best of the industry, outperforming 95.63% 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 6.62%.
| 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
- SES has a Profit Margin (1.02%) which is comparable to the rest of the industry.
- SES's Profit Margin has improved in the last couple of years.
- The Operating Margin of SES (2.63%) is comparable to the rest of the industry.
- SES's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 3.99%, SES is in line with its industry, outperforming 45.63% of the companies in the same 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.
- 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 5.74. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 5.74, SES belongs to the best of the industry, outperforming 85.92% of the companies in the same industry.
- 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.
- SES has a better Debt to FCF ratio (9.95) than 73.30% 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 has a worse Debt to Equity ratio (1.27) than 60.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 5.74 |
ROIC/WACC1.39
WACC7.69%
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 68.45% of its industry peers.
- A Quick Ratio of 0.92 indicates that SES may have some problems paying its short term obligations.
- With a decent Quick ratio value of 0.92, SES is doing good in the industry, outperforming 64.08% 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.
- 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
- 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
- SES is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -19.41% yearly.
- SES is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.27% yearly.
EPS Next Y-71.21%
EPS Next 2Y-31.76%
EPS Next 3Y-19.41%
EPS Next 5YN/A
Revenue Next Year-60.16%
Revenue Next 2Y-34.05%
Revenue Next 3Y-23.11%
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 39.34, the valuation of SES can be described as expensive.
- The rest of the industry has a similar Price/Earnings ratio as SES.
- SES is valuated rather expensively when we compare the Price/Earnings ratio to 28.39, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 17.53, which indicates a rather expensive current valuation of SES.
- 62.62% of the companies in the same industry are more expensive than SES, based on the Price/Forward Earnings ratio.
- SES is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.34 | ||
| Fwd PE | 17.53 |
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.
- Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than 61.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.05 | ||
| EV/EBITDA | 10.6 |
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 -19.41% in the coming years.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-31.76%
EPS Next 3Y-19.41%
5. Dividend
5.1 Amount
- SES has a Yearly Dividend Yield of 2.28%.
- Compared to an average industry Dividend Yield of 3.29, SES pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, SES pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
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
- 91.35% of the earnings are spent on dividend by SES. 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-31.76%
EPS Next 3Y-19.41%
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.
What is the valuation status of SECURE WASTE INFRASTRUCTURE (SES.CA) stock?
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 financial health of SECURE WASTE INFRASTRUCTURE (SES.CA) stock?
The financial health rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10.
Is the dividend of SECURE WASTE INFRASTRUCTURE sustainable?
The dividend rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10 and the dividend payout ratio is 91.35%.