SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
TSX:SES - Toronto Stock Exchange - CA81373C1023 - Common Stock - Currency: CAD
SES gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 219 industry peers in the Oil, Gas & Consumable Fuels industry. SES has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. SES is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make SES suitable for growth and quality investing!
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.
In the past 5 years SES always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 44.02%, SES belongs to the top of the industry, outperforming 99.54% of the companies in the same industry.
SES has a better Return On Equity (96.35%) than 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 16.93%, SES belongs to the best of the industry, outperforming 96.35% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SES is above the industry average of 7.60%.
The 3 year average ROIC (12.50%) for SES is below the current ROIC(16.93%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 44.02% | ||
| ROE | 96.35% | ||
| ROIC | 16.93% |
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 (7.43%) which is in line with its industry peers.
In the last couple of years the Profit Margin of SES has grown nicely.
SES has a Operating Margin (2.54%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SES has grown nicely.
Looking at the Gross Margin, with a value of 3.98%, SES is doing worse than 60.73% 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 | 2.54% | ||
| PM (TTM) | 7.43% | ||
| GM | 3.98% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so SES is creating 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 better debt/assets ratio than last year.
2.2 Solvency
SES has an Altman-Z score of 8.04. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
SES has a better Altman-Z score (8.04) than 91.32% of its industry peers.
The Debt to FCF ratio of SES is 1.25, which is an excellent value as it means it would take SES, only 1.25 years of fcf income to pay off all of its debts.
SES has a better Debt to FCF ratio (1.25) than 89.95% of its industry peers.
A Debt/Equity ratio of 0.41 indicates that SES is not too dependend on debt financing.
SES has a Debt to Equity ratio of 0.41. This is comparable to the rest of the industry: SES outperforms 49.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.25 | ||
| Altman-Z | 8.04 |
ROIC/WACC2.35
WACC7.2%
2.3 Liquidity
SES has a Current Ratio of 1.01. This is a normal value and indicates that SES is financially healthy and should not expect problems in meeting its short term obligations.
SES has a better Current ratio (1.01) than 62.10% of its industry peers.
A Quick Ratio of 0.80 indicates that SES may have some problems paying its short term obligations.
With a Quick ratio value of 0.80, SES perfoms like the industry average, outperforming 58.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 481.65% over the past year.
Measured over the past years, SES shows a very strong growth in Earnings Per Share. The EPS has been growing by 195.38% on average per year.
SES shows a strong growth in Revenue. In the last year, the Revenue has grown by 64.01%.
SES shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.44% yearly.
EPS 1Y (TTM)481.65%
EPS 3YN/A
EPS 5Y195.38%
EPS Q2Q%-29.66%
Revenue 1Y (TTM)64.01%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%468.07%
3.2 Future
The Earnings Per Share is expected to decrease by -29.90% on average over the next years. This is quite bad
SES is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.59% yearly.
EPS Next Y-55.56%
EPS Next 2Y-29.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.43%
Revenue Next 2Y6.49%
Revenue Next 3Y7.09%
Revenue Next 5Y10.59%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 3.66, the valuation of SES can be described as very cheap.
Based on the Price/Earnings ratio, SES is valued cheaply inside the industry as 95.89% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.35. SES is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 13.75 indicates a correct valuation of SES.
SES's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, SES is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 13.75 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SES is cheaper than 72.60% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than 74.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.91 | ||
| EV/EBITDA | 7.09 |
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 -29.90% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.02
EPS Next 2Y-29.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.94%, SES has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.94, SES pays a bit more dividend than its industry peers.
SES's Dividend Yield is a higher than the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
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 decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.92%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
10.36% of the earnings are spent on dividend by SES. This is a low number and sustainable payout ratio.
DP10.36%
EPS Next 2Y-29.9%
EPS Next 3YN/A
TSX:SES (3/7/2025, 7:00:00 PM)
13.89
+0.3 (+2.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners39%
Inst Owner ChangeN/A
Ins Owners1.71%
Ins Owner ChangeN/A
Market Cap3.24B
Analysts76.92
Price Target18.9 (36.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP10.36%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
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)296.96%
Min Revenue beat(2)7.13%
Max Revenue beat(2)586.79%
Revenue beat(4)4
Avg Revenue beat(4)154.15%
Min Revenue beat(4)4.79%
Max Revenue beat(4)586.79%
Revenue beat(8)8
Avg Revenue beat(8)122.24%
Revenue beat(12)12
Avg Revenue beat(12)230.51%
Revenue beat(16)16
Avg Revenue beat(16)260.84%
PT rev (1m)1.68%
PT rev (3m)6.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.12%
EPS NY rev (1m)0%
EPS NY rev (3m)1.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.69%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)2.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 13.75 | ||
| P/S | 0.24 | ||
| P/FCF | 8.91 | ||
| P/OCF | 6.51 | ||
| P/B | 3.1 | ||
| P/tB | 4.31 | ||
| EV/EBITDA | 7.09 |
EPS(TTM)3.79
EY27.29%
EPS(NY)1.01
Fwd EY7.27%
FCF(TTM)1.56
FCFY11.22%
OCF(TTM)2.13
OCFY15.36%
SpS58.05
BVpS4.47
TBVpS3.22
PEG (NY)N/A
PEG (5Y)0.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 44.02% | ||
| ROE | 96.35% | ||
| ROCE | 21.5% | ||
| ROIC | 16.93% | ||
| ROICexc | 17.21% | ||
| ROICexgc | 21.11% | ||
| OM | 2.54% | ||
| PM (TTM) | 7.43% | ||
| GM | 3.98% | ||
| FCFM | 2.68% |
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-Score6
Asset Turnover5.93
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.25 | ||
| Debt/EBITDA | 0.83 | ||
| Cap/Depr | 77.46% | ||
| Cap/Sales | 0.99% | ||
| Interest Coverage | 8.39 | ||
| Cash Conversion | 96.13% | ||
| Profit Quality | 36.16% | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 8.04 |
F-Score6
WACC7.2%
ROIC/WACC2.35
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)481.65%
EPS 3YN/A
EPS 5Y195.38%
EPS Q2Q%-29.66%
EPS Next Y-55.56%
EPS Next 2Y-29.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)64.01%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%468.07%
Revenue Next Year8.43%
Revenue Next 2Y6.49%
Revenue Next 3Y7.09%
Revenue Next 5Y10.59%
EBIT growth 1Y-6.27%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year129.76%
EBIT Next 3Y40.95%
EBIT Next 5Y24.97%
FCF growth 1Y59.91%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y15.58%
OCF growth 3Y88.67%
OCF growth 5Y20.38%