SESA SPA (SES.MI) Fundamental Analysis & Valuation

BIT:SES • IT0004729759

Current stock price

84.35 EUR
+0.55 (+0.66%)
Last:

This SES.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. SES.MI 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 each of the past 5 years.
  • SES had a positive operating cash flow in each of the past 5 years.
SES.MI Yearly Net Income VS EBIT VS OCF VS FCFSES.MI 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 50M 100M

1.2 Ratios

  • SES's Return On Assets of 4.58% is fine compared to the rest of the industry. SES outperforms 76.60% of its industry peers.
  • SES has a Return On Equity of 25.77%. This is amongst the best in the industry. SES outperforms 93.62% of its industry peers.
  • SES has a better Return On Invested Capital (13.92%) than 93.62% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SES is in line with the industry average of 7.73%.
  • The last Return On Invested Capital (13.92%) for SES is above the 3 year average (8.40%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.58%
ROE 25.77%
ROIC 13.92%
ROA(3y)3.62%
ROA(5y)3.97%
ROE(3y)18.23%
ROE(5y)19.35%
ROIC(3y)8.4%
ROIC(5y)8.99%
SES.MI Yearly ROA, ROE, ROICSES.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • SES's Profit Margin of 2.18% is fine compared to the rest of the industry. SES outperforms 63.83% of its industry peers.
  • SES's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 4.00%, SES is in the better half of the industry, outperforming 63.83% of the companies in the same industry.
  • In the last couple of years the Operating Margin of SES has remained more or less at the same level.
  • SES has a worse Gross Margin (25.46%) than 74.47% of its industry peers.
  • In the last couple of years the Gross Margin of SES has grown nicely.
Industry RankSector Rank
OM 4%
PM (TTM) 2.18%
GM 25.46%
OM growth 3Y-6.32%
OM growth 5Y1.36%
PM growth 3Y-14.65%
PM growth 5Y-2.09%
GM growth 3Y4.88%
GM growth 5Y7.04%
SES.MI Yearly Profit, Operating, Gross MarginsSES.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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6

2. SES.MI 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.
  • The number of shares outstanding for SES has been reduced compared to 1 year ago.
  • Compared to 5 years ago, SES has less shares outstanding
  • Compared to 1 year ago, SES has a worse debt to assets ratio.
SES.MI Yearly Shares OutstandingSES.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
SES.MI Yearly Total Debt VS Total AssetsSES.MI 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

2.2 Solvency

  • An Altman-Z score of 3.09 indicates that SES is not in any danger for bankruptcy at the moment.
  • SES has a Altman-Z score (3.09) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of SES is 1.92, which is an excellent value as it means it would take SES, only 1.92 years of fcf income to pay off all of its debts.
  • SES's Debt to FCF ratio of 1.92 is fine compared to the rest of the industry. SES outperforms 78.72% 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 40.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.92
Altman-Z 3.09
ROIC/WACC1.73
WACC8.03%
SES.MI Yearly LT Debt VS Equity VS FCFSES.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.16 indicates that SES should not have too much problems paying its short term obligations.
  • The Current ratio of SES (1.16) is worse than 72.34% of its industry peers.
  • SES has a Quick Ratio of 1.05. 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 Quick ratio of 1.05 is in line compared to the rest of the industry. SES outperforms 55.32% of its industry peers.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 1.05
SES.MI Yearly Current Assets VS Current LiabilitesSES.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. SES.MI Growth Analysis

3.1 Past

  • The earnings per share for SES have decreased by -0.08% in the last year.
  • SES shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.41% yearly.
  • SES shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.47%.
  • The Revenue has been growing by 12.77% on average over the past years. This is quite good.
EPS 1Y (TTM)-0.08%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%-1.88%
Revenue 1Y (TTM)9.47%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%10.57%

3.2 Future

  • Based on estimates for the next years, SES will show a small growth in Earnings Per Share. The EPS will grow by 5.38% on average per year.
  • The Revenue is expected to grow by 10.28% on average over the next years. This is quite good.
EPS Next Y-1.08%
EPS Next 2Y4.39%
EPS Next 3Y5.38%
EPS Next 5YN/A
Revenue Next Year7.3%
Revenue Next 2Y6.02%
Revenue Next 3Y5.35%
Revenue Next 5Y10.28%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
SES.MI Yearly Revenue VS EstimatesSES.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B
SES.MI Yearly EPS VS EstimatesSES.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8

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7

4. SES.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • SES is valuated reasonably with a Price/Earnings ratio of 11.25.
  • 89.36% of the companies in the same industry are more expensive than SES, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of SES to the average of the S&P500 Index (26.91), we can say SES is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.58, the valuation of SES can be described as reasonable.
  • SES's Price/Forward Earnings ratio is rather cheap when compared to the industry. SES is cheaper than 80.85% of the companies in the same industry.
  • SES's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.99.
Industry RankSector Rank
PE 11.25
Fwd PE 10.58
SES.MI Price Earnings VS Forward Price EarningsSES.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • SES's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SES is cheaper than 91.49% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, SES is valued cheaply inside the industry as 87.23% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.75
EV/EBITDA 3.98
SES.MI Per share dataSES.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200 300

4.3 Compensation for Growth

  • The decent profitability rating of SES may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.08
EPS Next 2Y4.39%
EPS Next 3Y5.38%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. SES.MI Dividend Analysis

5.1 Amount

  • SES has a Yearly Dividend Yield of 1.12%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.61, SES has a dividend in line with its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.82, SES is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.12%

5.2 History

  • The dividend of SES is nicely growing with an annual growth rate of 8.18%!
Dividend Growth(5Y)8.18%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • SES pays out 13.38% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of SES is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP13.38%
EPS Next 2Y4.39%
EPS Next 3Y5.38%
SES.MI Yearly Income VS Free CF VS DividendSES.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
SES.MI Dividend Payout.SES.MI Dividend Payout, showing the Payout Ratio.SES.MI Dividend Payout.PayoutRetained Earnings

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SES.MI Fundamentals: All Metrics, Ratios and Statistics

SESA SPA

BIT:SES (4/28/2026, 7:00:00 PM)

84.35

+0.55 (+0.66%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)03-12
Earnings (Next)07-16
Inst Owners25.88%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.29B
Revenue(TTM)5.30B
Net Income(TTM)115.48M
Analysts87.5
Price Target117.81 (39.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.12%
Yearly Dividend1.01
Dividend Growth(5Y)8.18%
DP13.38%
Div Incr Years0
Div Non Decr Years0
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.43%
PT rev (3m)0.43%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)2.89%
EPS NY rev (3m)2.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.08%
Revenue NY rev (3m)2.27%
Valuation
Industry RankSector Rank
PE 11.25
Fwd PE 10.58
P/S 0.24
P/FCF 5.75
P/OCF 5.22
P/B 2.89
P/tB N/A
EV/EBITDA 3.98
EPS(TTM)7.5
EY8.89%
EPS(NY)7.97
Fwd EY9.45%
FCF(TTM)14.68
FCFY17.41%
OCF(TTM)16.17
OCFY19.17%
SpS345.56
BVpS29.21
TBVpS-6.81
PEG (NY)N/A
PEG (5Y)1.08
Graham Number70.2054 (-16.77%)
Profitability
Industry RankSector Rank
ROA 4.58%
ROE 25.77%
ROCE 20.48%
ROIC 13.92%
ROICexc 27.77%
ROICexgc N/A
OM 4%
PM (TTM) 2.18%
GM 25.46%
FCFM 4.25%
ROA(3y)3.62%
ROA(5y)3.97%
ROE(3y)18.23%
ROE(5y)19.35%
ROIC(3y)8.4%
ROIC(5y)8.99%
ROICexc(3y)17.81%
ROICexc(5y)23.84%
ROICexgc(3y)145.91%
ROICexgc(5y)N/A
ROCE(3y)13.17%
ROCE(5y)13.97%
ROICexgc growth 3YN/A
ROICexgc growth 5Y15.12%
ROICexc growth 3Y-28.63%
ROICexc growth 5Y-11.45%
OM growth 3Y-6.32%
OM growth 5Y1.36%
PM growth 3Y-14.65%
PM growth 5Y-2.09%
GM growth 3Y4.88%
GM growth 5Y7.04%
F-Score7
Asset Turnover2.1
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.92
Debt/EBITDA 0.61
Cap/Depr 25.39%
Cap/Sales 0.43%
Interest Coverage 4.66
Cash Conversion 82.14%
Profit Quality 195.03%
Current Ratio 1.16
Quick Ratio 1.05
Altman-Z 3.09
F-Score7
WACC8.03%
ROIC/WACC1.73
Cap/Depr(3y)34.94%
Cap/Depr(5y)40.36%
Cap/Sales(3y)0.75%
Cap/Sales(5y)0.78%
Profit Quality(3y)135.35%
Profit Quality(5y)165.8%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.08%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%-1.88%
EPS Next Y-1.08%
EPS Next 2Y4.39%
EPS Next 3Y5.38%
EPS Next 5YN/A
Revenue 1Y (TTM)9.47%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%10.57%
Revenue Next Year7.3%
Revenue Next 2Y6.02%
Revenue Next 3Y5.35%
Revenue Next 5Y10.28%
EBIT growth 1Y8.7%
EBIT growth 3Y3.81%
EBIT growth 5Y14.31%
EBIT Next Year55.48%
EBIT Next 3Y20.78%
EBIT Next 5YN/A
FCF growth 1Y144.59%
FCF growth 3Y-9.53%
FCF growth 5Y2.42%
OCF growth 1Y114.05%
OCF growth 3Y-6.94%
OCF growth 5Y4.24%

SESA SPA / SES.MI Fundamental Analysis FAQ

What is the fundamental rating for SES stock?

ChartMill assigns a fundamental rating of 6 / 10 to SES.MI.


What is the valuation status of SESA SPA (SES.MI) stock?

ChartMill assigns a valuation rating of 7 / 10 to SESA SPA (SES.MI). This can be considered as Undervalued.


How profitable is SESA SPA (SES.MI) stock?

SESA SPA (SES.MI) has a profitability rating of 7 / 10.


Can you provide the financial health for SES stock?

The financial health rating of SESA SPA (SES.MI) is 6 / 10.


Can you provide the expected EPS growth for SES stock?

The Earnings per Share (EPS) of SESA SPA (SES.MI) is expected to decline by -1.08% in the next year.