SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:SES - CA8139211038 - Common Stock
17.96 CAD
+0.11 (+0.62%)
Taking everything into account, SES scores 5 out of 10 in our fundamental rating. SES was compared to 215 industry peers in the Oil, Gas & Consumable Fuels industry. SES has an excellent profitability rating, but 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.
In the past year SES had a positive cash flow from operations.
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
The Return On Assets of SES (4.09%) is better than 79.07% of its industry peers.
With an excellent Return On Equity value of 13.40%, SES belongs to the best of the industry, outperforming 90.70% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 10.66%, SES belongs to the top of the industry, outperforming 95.81% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SES is significantly above the industry average of 6.53%.
| 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 of 1.02%. This is comparable to the rest of the industry: SES outperforms 54.42% of its industry peers.
In the last couple of years the Profit Margin of SES has grown nicely.
SES has a Operating Margin (2.63%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SES has grown nicely.
SES's Gross Margin of 3.99% is in line compared to the rest of the industry. SES outperforms 42.33% of its industry peers.
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
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.
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 5.78. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 5.78, SES belongs to the best of the industry, outperforming 86.98% 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's Debt to FCF ratio of 9.95 is fine compared to the rest of the industry. SES outperforms 74.88% of its industry peers.
A Debt/Equity ratio of 1.27 is on the high side and indicates that SES has dependencies on debt financing.
SES has a Debt to Equity ratio of 1.27. This is in the lower half of the industry: SES underperforms 60.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 5.78 |
ROIC/WACC1.42
WACC7.5%
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.
Looking at the Current ratio, with a value of 1.21, SES is in the better half of the industry, outperforming 67.91% of the companies in the same industry.
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 64.19% of its industry peers.
| 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.
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.
Looking at the last year, SES shows a very negative growth in Revenue. The Revenue has decreased by -23.28% in the last year.
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 -18.65% 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-66.11%
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
EPS Next 5YN/A
Revenue Next Year-59%
Revenue Next 2Y-34.27%
Revenue Next 3Y-23.49%
Revenue Next 5Y-8.27%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 40.82 indicates a quite expensive valuation of SES.
SES's Price/Earnings ratio is in line with the industry average.
SES's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.46.
SES is valuated rather expensively with a Price/Forward Earnings ratio of 17.78.
The rest of the industry has a similar Price/Forward Earnings ratio as SES.
SES's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.82 | ||
| Fwd PE | 17.78 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA ratio is in line with the industry average.
SES's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.44 | ||
| EV/EBITDA | 10.91 |
4.3 Compensation for Growth
The decent profitability rating of SES may justify a higher PE ratio.
A cheap valuation may be justified as SES's earnings are expected to decrease with -18.65% in the coming years.
PEG (NY)N/A
PEG (5Y)0.34
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 2.23%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.88, SES pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, SES has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
5.2 History
On average, the dividend of SES grows each year by 7.92%, which is quite nice.
SES has been paying a dividend for at least 10 years, so it has 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-30.98%
EPS Next 3Y-18.65%
TSX:SES (12/4/2025, 7:00:00 PM)
17.96
+0.11 (+0.62%)
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 Cap3.92B
Revenue(TTM)10.20B
Net Income(TTM)104.00M
Analysts74.29
Price Target21 (16.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP91.35%
Div Incr Years3
Div Non Decr Years3
Ex-Date
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)15.06%
PT rev (3m)15.06%
EPS NQ rev (1m)-10.33%
EPS NQ rev (3m)-7.82%
EPS NY rev (1m)-13.9%
EPS NY rev (3m)-16.79%
Revenue NQ rev (1m)-9.11%
Revenue NQ rev (3m)-7.46%
Revenue NY rev (1m)-2.3%
Revenue NY rev (3m)-1.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.82 | ||
| Fwd PE | 17.78 | ||
| P/S | 0.38 | ||
| P/FCF | 38.44 | ||
| P/OCF | 13.03 | ||
| P/B | 5.05 | ||
| P/tB | 8.81 | ||
| EV/EBITDA | 10.91 |
EPS(TTM)0.44
EY2.45%
EPS(NY)1.01
Fwd EY5.62%
FCF(TTM)0.47
FCFY2.6%
OCF(TTM)1.38
OCFY7.68%
SpS46.74
BVpS3.55
TBVpS2.04
PEG (NY)N/A
PEG (5Y)0.34
Graham Number5.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 13.4% | ||
| ROCE | 13.54% | ||
| ROIC | 10.66% | ||
| ROICexc | 10.8% | ||
| ROICexgc | 13% | ||
| OM | 2.63% | ||
| PM (TTM) | 1.02% | ||
| GM | 3.99% | ||
| FCFM | 1% |
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
ROICexgc growth 3Y64.69%
ROICexgc 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 Turnover4.01
Health
| Industry Rank | Sector 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 | 5.78 |
F-Score5
WACC7.5%
ROIC/WACC1.42
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)-79.82%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-100%
EPS Next Y-66.11%
EPS Next 2Y-30.98%
EPS Next 3Y-18.65%
EPS Next 5YN/A
Revenue 1Y (TTM)-23.28%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%-2.41%
Revenue Next Year-59%
Revenue Next 2Y-34.27%
Revenue Next 3Y-23.49%
Revenue Next 5Y-8.27%
EBIT growth 1Y-31.98%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year123.76%
EBIT Next 3Y34.83%
EBIT Next 5Y22.75%
FCF growth 1Y-65.31%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y-39.56%
OCF growth 3Y88.67%
OCF growth 5Y20.38%
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.
Can you provide the valuation status for SECURE WASTE INFRASTRUCTURE?
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 valuation of SECURE WASTE INFRASTRUCTURE based on its PE and PB ratios?
The Price/Earnings (PE) ratio for SECURE WASTE INFRASTRUCTURE (SES.CA) is 40.82 and the Price/Book (PB) ratio is 5.05.
How financially healthy is SECURE WASTE INFRASTRUCTURE?
The financial health rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10.