SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada - TSX:SES - CA8139211038 - Common Stock
16.74 CAD
+0.11 (+0.66%)
Overall SES gets a fundamental rating of 5 out of 10. We evaluated SES against 216 industry peers in the Oil, Gas & Consumable Fuels industry. While SES belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SES is valued correctly, but 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.
The reported net income has been mixed in the past 5 years: SES reported negative net income in multiple years.
Each year in the past 5 years SES had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 7.93%, SES belongs to the best of the industry, outperforming 90.28% of the companies in the same industry.
With an excellent Return On Equity value of 24.11%, SES belongs to the best of the industry, outperforming 96.76% of the companies in the same industry.
SES has a Return On Invested Capital of 10.80%. This is amongst the best in the industry. SES outperforms 93.52% of its industry peers.
SES had an Average Return On Invested Capital over the past 3 years of 12.50%. This is significantly above the industry average of 6.93%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.93% | ||
| ROE | 24.11% | ||
| ROIC | 10.8% |
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
Looking at the Profit Margin, with a value of 1.90%, SES is in line with its industry, outperforming 54.63% of the companies in the same industry.
SES's Profit Margin has improved in the last couple of years.
SES has a Operating Margin of 2.60%. This is comparable to the rest of the industry: SES outperforms 47.22% of its industry peers.
SES's Operating Margin has improved in the last couple of years.
SES has a Gross Margin (3.97%) which is in line with its industry peers.
In the last couple of years the Gross Margin of SES has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.6% | ||
| PM (TTM) | 1.9% | ||
| GM | 3.97% |
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
SES has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.97 indicates that SES is not in any danger for bankruptcy at the moment.
The Altman-Z score of SES (5.97) is better than 87.50% of its industry peers.
The Debt to FCF ratio of SES is 4.86, which is a neutral value as it means it would take SES, 4.86 years of fcf income to pay off all of its debts.
SES has a Debt to FCF ratio of 4.86. This is amongst the best in the industry. SES outperforms 81.02% of its industry peers.
SES has a Debt/Equity ratio of 1.19. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of SES (1.19) is worse than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | 5.97 |
ROIC/WACC1.38
WACC7.8%
2.3 Liquidity
A Current Ratio of 1.30 indicates that SES should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.30, SES is in the better half of the industry, outperforming 67.59% of the companies in the same industry.
A Quick Ratio of 1.03 indicates that SES should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.03, SES is in the better half of the industry, outperforming 67.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
SES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -57.44%.
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 -19.81% in the past year. This is quite bad
Measured over the past years, SES shows a very strong growth in Revenue. The Revenue has been growing by 28.44% on average per year.
EPS 1Y (TTM)-57.44%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%16.67%
Revenue 1Y (TTM)-19.81%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%4.75%
3.2 Future
Based on estimates for the next years, SES will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.47% on average per year.
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-59.27%
EPS Next 2Y-31.15%
EPS Next 3Y-17.47%
EPS Next 5YN/A
Revenue Next Year-58.3%
Revenue Next 2Y-33.56%
Revenue Next 3Y-22.92%
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
SES is valuated rather expensively with a Price/Earnings ratio of 20.17.
SES's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.27. SES is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 16.66, which indicates a correct valuation of SES.
SES's Price/Forward Earnings ratio is in line with the industry average.
SES is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.17 | ||
| Fwd PE | 16.66 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA is on the same level as the industry average.
SES's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SES is cheaper than 63.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.65 | ||
| EV/EBITDA | 10.35 |
4.3 Compensation for Growth
The decent profitability rating of SES may justify a higher PE ratio.
SES's earnings are expected to decrease with -17.47% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.17
EPS Next 2Y-31.15%
EPS Next 3Y-17.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.47%, SES has a reasonable but not impressive dividend return.
SES's Dividend Yield is a higher than the industry average which is at 5.90.
SES's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
5.2 History
On average, the dividend of SES grows each year by 7.92%, which is quite nice.
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
49.24% of the earnings are spent on dividend by SES. This is a bit on the high side, but may be sustainable.
DP49.24%
EPS Next 2Y-31.15%
EPS Next 3Y-17.47%
TSX:SES (9/15/2025, 7:00:00 PM)
16.74
+0.11 (+0.66%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners52.22%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap3.65B
Analysts75.71
Price Target18.25 (9.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP49.24%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.98%
Min EPS beat(2)-32.59%
Max EPS beat(2)-13.37%
EPS beat(4)1
Avg EPS beat(4)-2.03%
Min EPS beat(4)-37.7%
Max EPS beat(4)75.52%
EPS beat(8)3
Avg EPS beat(8)116.5%
EPS beat(12)5
Avg EPS beat(12)76.67%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)1.62%
Min Revenue beat(2)0.07%
Max Revenue beat(2)3.18%
Revenue beat(4)3
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-11%
Max Revenue beat(4)7.13%
Revenue beat(8)7
Avg Revenue beat(8)3.71%
Revenue beat(12)11
Avg Revenue beat(12)101.79%
Revenue beat(16)15
Avg Revenue beat(16)177.13%
PT rev (1m)0%
PT rev (3m)3.7%
EPS NQ rev (1m)-2.86%
EPS NQ rev (3m)-11.69%
EPS NY rev (1m)-13.29%
EPS NY rev (3m)-13.29%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)-1.98%
Revenue NY rev (1m)1.5%
Revenue NY rev (3m)0.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.17 | ||
| Fwd PE | 16.66 | ||
| P/S | 0.35 | ||
| P/FCF | 17.65 | ||
| P/OCF | 10.24 | ||
| P/B | 4.47 | ||
| P/tB | 7.58 | ||
| EV/EBITDA | 10.35 |
EPS(TTM)0.83
EY4.96%
EPS(NY)1
Fwd EY6%
FCF(TTM)0.95
FCFY5.66%
OCF(TTM)1.64
OCFY9.77%
SpS47.39
BVpS3.74
TBVpS2.21
PEG (NY)N/A
PEG (5Y)0.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.93% | ||
| ROE | 24.11% | ||
| ROCE | 13.72% | ||
| ROIC | 10.8% | ||
| ROICexc | 10.98% | ||
| ROICexgc | 13.28% | ||
| OM | 2.6% | ||
| PM (TTM) | 1.9% | ||
| GM | 3.97% | ||
| FCFM | 2% |
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-Score5
Asset Turnover4.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.86 | ||
| Debt/EBITDA | 2.18 | ||
| Cap/Depr | 84.27% | ||
| Cap/Sales | 1.45% | ||
| Interest Coverage | 5.72 | ||
| Cash Conversion | 79.87% | ||
| Profit Quality | 105.08% | ||
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 5.97 |
F-Score5
WACC7.8%
ROIC/WACC1.38
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)-57.44%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%16.67%
EPS Next Y-59.27%
EPS Next 2Y-31.15%
EPS Next 3Y-17.47%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.81%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%4.75%
Revenue Next Year-58.3%
Revenue Next 2Y-33.56%
Revenue Next 3Y-22.92%
Revenue Next 5Y-8.27%
EBIT growth 1Y-35.18%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year128.59%
EBIT Next 3Y37.61%
EBIT Next 5Y22.66%
FCF growth 1Y-29.35%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y-24.2%
OCF growth 3Y88.67%
OCF growth 5Y20.38%