SESA SPA (SES.MI) Fundamental Analysis & Valuation

BIT:SES • IT0004729759

Current stock price

77.4 EUR
-1.6 (-2.03%)
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

  • SES had positive earnings in the past year.
  • SES had a positive operating cash flow in the past year.
  • Each year in the past 5 years SES has been profitable.
  • 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 5.19% is amongst the best of the industry. SES outperforms 80.39% of its industry peers.
  • SES has a better Return On Equity (25.96%) than 94.12% of its industry peers.
  • SES has a Return On Invested Capital of 12.45%. This is amongst the best in the industry. SES outperforms 94.12% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for SES is in line with the industry average of 7.76%.
  • The last Return On Invested Capital (12.45%) for SES is above the 3 year average (8.40%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.19%
ROE 25.96%
ROIC 12.45%
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 64.71% of its industry peers.
  • In the last couple of years the Profit Margin of SES has declined.
  • With a Operating Margin value of 3.93%, SES perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
  • SES's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 25.77%, SES is doing worse than 78.43% of the companies in the same industry.
  • SES's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 3.93%
PM (TTM) 2.18%
GM 25.77%
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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5

2. SES.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SES is creating some value.
  • Compared to 1 year ago, SES has less shares outstanding
  • The number of shares outstanding for SES has been reduced compared to 5 years ago.
  • The debt/assets ratio for SES is higher compared to a year ago.
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 3.52 indicates that SES is not in any danger for bankruptcy at the moment.
  • SES's Altman-Z score of 3.52 is fine compared to the rest of the industry. SES outperforms 68.63% of its industry peers.
  • The Debt to FCF ratio of SES is 2.71, which is a good value as it means it would take SES, 2.71 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.71, SES is in the better half of the industry, outperforming 78.43% of the companies in the same industry.
  • A Debt/Equity ratio of 0.66 indicates that SES is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.66, SES is doing worse than 68.63% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 2.71
Altman-Z 3.52
ROIC/WACC1.45
WACC8.61%
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 1.30 indicates that SES should not have too much problems paying its short term obligations.
  • SES has a Current ratio of 1.30. This is in the lower half of the industry: SES underperforms 62.75% of its industry peers.
  • A Quick Ratio of 1.14 indicates that SES should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.14, SES is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 1.14
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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5

3. SES.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 3.12% over the past year.
  • Measured over the past years, SES shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.41% on average per year.
  • Looking at the last year, SES shows a quite strong growth in Revenue. The Revenue has grown by 9.57% in the last year.
  • SES shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.77% yearly.
EPS 1Y (TTM)3.12%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%14%
Revenue 1Y (TTM)9.57%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%11.95%

3.2 Future

  • SES is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.22% yearly.
  • The Revenue is expected to grow by 10.28% on average over the next years. This is quite good.
EPS Next Y-3.87%
EPS Next 2Y3.04%
EPS Next 3Y5.22%
EPS Next 5YN/A
Revenue Next Year5.12%
Revenue Next 2Y5.16%
Revenue Next 3Y5.19%
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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6

4. SES.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.28 indicates a reasonable valuation of SES.
  • Based on the Price/Earnings ratio, SES is valued cheaply inside the industry as 90.20% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of SES to the average of the S&P500 Index (25.70), we can say SES is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 9.97, the valuation of SES can be described as very reasonable.
  • SES's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SES is cheaper than 78.43% of the companies in the same industry.
  • SES is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.28
Fwd PE 9.97
SES.MI Price Earnings VS Forward Price EarningsSES.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 88.24% of the companies in the same industry are more expensive than SES, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SES indicates a somewhat cheap valuation: SES is cheaper than 78.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.46
EV/EBITDA 3.93
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)0.99
EPS Next 2Y3.04%
EPS Next 3Y5.22%

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4

5. SES.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.27%, SES has a reasonable but not impressive dividend return.
  • SES's Dividend Yield is comparable with the industry average which is at 1.51.
  • SES's Dividend Yield is slightly below the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.27%

5.2 History

  • On average, the dividend of SES grows each year by 8.18%, which is quite nice.
Dividend Growth(5Y)8.18%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • SES pays out 14.52% 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.
DP14.52%
EPS Next 2Y3.04%
EPS Next 3Y5.22%
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 (3/13/2026, 7:00:00 PM)

77.4

-1.6 (-2.03%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)03-12
Earnings (Next)07-15
Inst Owners25.79%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.19B
Revenue(TTM)5.20B
Net Income(TTM)113.08M
Analysts87.5
Price Target117.3 (51.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.27%
Yearly Dividend1.01
Dividend Growth(5Y)8.18%
DP14.52%
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%
PT rev (3m)0.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.81%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)1.01%
Valuation
Industry RankSector Rank
PE 10.28
Fwd PE 9.97
P/S 0.23
P/FCF 7.46
P/OCF 6.58
P/B 2.73
P/tB N/A
EV/EBITDA 3.93
EPS(TTM)7.53
EY9.73%
EPS(NY)7.77
Fwd EY10.03%
FCF(TTM)10.38
FCFY13.41%
OCF(TTM)11.76
OCFY15.2%
SpS338.78
BVpS28.39
TBVpS-6.04
PEG (NY)N/A
PEG (5Y)0.99
Graham Number69.36
Profitability
Industry RankSector Rank
ROA 5.19%
ROE 25.96%
ROCE 18.71%
ROIC 12.45%
ROICexc 20.87%
ROICexgc 101.8%
OM 3.93%
PM (TTM) 2.18%
GM 25.77%
FCFM 3.06%
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-Score6
Asset Turnover2.39
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 2.71
Debt/EBITDA 0.98
Cap/Depr 24.33%
Cap/Sales 0.41%
Interest Coverage 4.27
Cash Conversion 61.97%
Profit Quality 140.82%
Current Ratio 1.3
Quick Ratio 1.14
Altman-Z 3.52
F-Score6
WACC8.61%
ROIC/WACC1.45
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)3.12%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%14%
EPS Next Y-3.87%
EPS Next 2Y3.04%
EPS Next 3Y5.22%
EPS Next 5YN/A
Revenue 1Y (TTM)9.57%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%11.95%
Revenue Next Year5.12%
Revenue Next 2Y5.16%
Revenue Next 3Y5.19%
Revenue Next 5Y10.28%
EBIT growth 1Y3.56%
EBIT growth 3Y3.81%
EBIT growth 5Y14.31%
EBIT Next Year51.4%
EBIT Next 3Y20.54%
EBIT Next 5YN/A
FCF growth 1Y40.4%
FCF growth 3Y-9.53%
FCF growth 5Y2.42%
OCF growth 1Y33.82%
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.


What is the profitability of SES stock?

SESA SPA (SES.MI) has a profitability rating of 6 / 10.


What is the financial health of SESA SPA (SES.MI) stock?

The financial health rating of SESA SPA (SES.MI) is 5 / 10.


Is the dividend of SESA SPA sustainable?

The dividend rating of SESA SPA (SES.MI) is 4 / 10 and the dividend payout ratio is 14.52%.