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

TSX:SES • CA8139211038

Current stock price

22.44 CAD
+1.08 (+5.06%)
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.
  • SES had a positive operating cash flow in the past year.
  • SES had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years SES had a positive operating cash flow.
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

  • With a decent Return On Assets value of 4.09%, SES is doing good in the industry, outperforming 77.45% of the companies in the same industry.
  • SES has a Return On Equity of 13.40%. This is amongst the best in the industry. SES outperforms 90.20% of its industry peers.
  • SES's Return On Invested Capital of 10.61% is amongst the best of the industry. SES outperforms 96.08% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SES is significantly above the industry average of 6.85%.
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

  • Looking at the Profit Margin, with a value of 1.02%, SES is in line with its industry, outperforming 55.88% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SES has grown nicely.
  • SES's Operating Margin of 2.63% is in line compared to the rest of the industry. SES outperforms 51.96% of its industry peers.
  • In the last couple of years the Operating Margin of SES has grown nicely.
  • SES has a Gross Margin of 3.99%. This is comparable to the rest of the industry: SES outperforms 44.12% of its industry peers.
  • In the last couple of years the Gross Margin of SES has grown nicely.
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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SES is still 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.
  • Compared to 1 year ago, SES has a worse debt to assets ratio.
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 6.11 indicates that SES is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.11, SES belongs to the top of the industry, outperforming 86.27% of the companies in the same industry.
  • 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 76.47% 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 Debt to Equity ratio (1.27) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 9.95
Altman-Z 6.11
ROIC/WACC1.43
WACC7.41%
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 better Current ratio (1.21) than 68.14% 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.
  • SES's Quick ratio of 0.92 is fine compared to the rest of the industry. SES outperforms 63.24% of its industry peers.
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

  • The earnings per share for SES have decreased strongly by -74.53% in the last year.
  • Measured over the past years, SES shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.35% on average per year.
  • SES shows a small growth in Revenue. In the last year, the Revenue has grown by 3.59%.
  • SES shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.20% yearly.
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

  • SES is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.67% yearly.
  • Based on estimates for the next years, SES will show a quite strong growth in Revenue. The Revenue will grow by 12.78% on average per year.
EPS Next Y84.47%
EPS Next 2Y42.87%
EPS Next 3Y36.67%
EPS Next 5YN/A
Revenue Next Year4.88%
Revenue Next 2Y5.18%
Revenue Next 3Y3.76%
Revenue Next 5Y12.78%

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 accelerating.
  • 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

  • Based on the Price/Earnings ratio of 41.56, the valuation of SES can be described as expensive.
  • SES's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.34, SES is valued quite expensively.
  • SES is valuated rather expensively with a Price/Forward Earnings ratio of 22.53.
  • 64.22% 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 38.18, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 41.56
Fwd PE 22.53
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as SES.
  • SES's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SES is cheaper than 61.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 47.94
EV/EBITDA 13.07
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of SES may justify a higher PE ratio.
  • A more expensive valuation may be justified as SES's earnings are expected to grow with 36.67% in the coming years.
PEG (NY)0.49
PEG (5Y)N/A
EPS Next 2Y42.87%
EPS Next 3Y36.67%

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5

5. SES.CA Dividend Analysis

5.1 Amount

  • SES has a Yearly Dividend Yield of 1.97%.
  • SES's Dividend Yield is a higher than the industry average which is at 4.63.
  • Compared to an average S&P500 Dividend Yield of 1.82, SES has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.97%

5.2 History

  • The dividend of SES is nicely growing with an annual growth rate of 29.14%!
  • SES has been paying a dividend for at least 10 years, so it has 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 3Y36.67%
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 (4/13/2026, 7:00:00 PM)

22.44

+1.08 (+5.06%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-20
Earnings (Next)04-30
Inst Owners51.93%
Inst Owner ChangeN/A
Ins Owners2.01%
Ins Owner ChangeN/A
Market Cap4.89B
Revenue(TTM)1.47B
Net Income(TTM)104.00M
Analysts71.67
Price Target22.04 (-1.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.97%
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)0.77%
EPS NY rev (3m)0.9%
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 41.56
Fwd PE 22.53
P/S 0.48
P/FCF 47.94
P/OCF 16.24
P/B 6.3
P/tB 10.99
EV/EBITDA 13.07
EPS(TTM)0.54
EY2.41%
EPS(NY)1
Fwd EY4.44%
FCF(TTM)0.47
FCFY2.09%
OCF(TTM)1.38
OCFY6.16%
SpS46.82
BVpS3.56
TBVpS2.04
PEG (NY)0.49
PEG (5Y)N/A
Graham Number6.58
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 6.11
F-Score5
WACC7.41%
ROIC/WACC1.43
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 Y84.47%
EPS Next 2Y42.87%
EPS Next 3Y36.67%
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 84.47% in the next year.