SESA SPA (SES.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:SES • IT0004729759
92 EUR
+2.55 (+2.85%)
Last: Feb 2, 2026, 05:35 PM
SES gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 54 industry peers in the Electronic Equipment, Instruments & Components industry. SES has an excellent profitability rating, but there are some minor concerns on its financial health. SES has a correct valuation and a medium growth rate.
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 the past 5 years SES has always been profitable.
- Each year in the past 5 years SES had a positive operating cash flow.
1.2 Ratios
- SES's Return On Assets of 5.19% is fine compared to the rest of the industry. SES outperforms 79.63% of its industry peers.
- The Return On Equity of SES (25.96%) is better than 92.59% of its industry peers.
- SES's Return On Invested Capital of 12.45% is amongst the best of the industry. SES outperforms 90.74% 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 7.70%.
- The 3 year average ROIC (8.40%) for SES is below the current ROIC(12.45%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- With a decent Profit Margin value of 2.18%, SES is doing good in the industry, outperforming 62.96% of the companies in the same industry.
- SES's Profit Margin has declined in the last couple of years.
- SES has a Operating Margin of 3.93%. This is comparable to the rest of the industry: SES outperforms 59.26% of its industry peers.
- SES's Operating Margin has been stable in the last couple of years.
- With a Gross Margin value of 25.77%, SES is not doing good in the industry: 81.48% of the companies in the same industry are doing better.
- SES's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- SES has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for SES has been reduced compared to 1 year ago.
- The number of shares outstanding for SES has been reduced compared to 5 years ago.
- Compared to 1 year ago, SES has a worse debt to assets ratio.
2.2 Solvency
- SES has an Altman-Z score of 3.59. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
- SES has a Altman-Z score of 3.59. This is in the better half of the industry: SES outperforms 64.81% 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.
- SES has a Debt to FCF ratio of 2.71. This is in the better half of the industry: SES outperforms 77.78% of its industry peers.
- SES has a Debt/Equity ratio of 0.66. This is a neutral value indicating 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 74.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 3.59 |
ROIC/WACC1.47
WACC8.46%
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 doing worse than 64.81% of the companies in the same industry.
- A Quick Ratio of 1.14 indicates that SES should not have too much problems paying its short term obligations.
- SES has a better Quick ratio (1.14) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 3.12% over the past year.
- The Earnings Per Share has been growing by 10.41% on average over the past years. This is quite good.
- Looking at the last year, SES shows a quite strong growth in Revenue. The Revenue has grown by 9.57% in the last year.
- The Revenue has been growing by 12.77% on average over the past years. This is quite good.
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
- The Earnings Per Share is expected to grow by 5.22% on average over the next years.
- SES is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.28% yearly.
EPS Next Y-3.87%
EPS Next 2Y3.04%
EPS Next 3Y5.22%
EPS Next 5YN/A
Revenue Next Year4.92%
Revenue Next 2Y5.05%
Revenue Next 3Y5.08%
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.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 12.22, SES is valued correctly.
- 94.44% of the companies in the same industry are more expensive than SES, based on the Price/Earnings ratio.
- SES's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.41.
- Based on the Price/Forward Earnings ratio of 11.85, the valuation of SES can be described as reasonable.
- SES's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SES is cheaper than 75.93% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.64. SES is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.22 | ||
| Fwd PE | 11.85 |
4.2 Price Multiples
- SES's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SES is cheaper than 87.04% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than 74.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.86 | ||
| EV/EBITDA | 4.57 |
4.3 Compensation for Growth
- The decent profitability rating of SES may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.17
EPS Next 2Y3.04%
EPS Next 3Y5.22%
5. Dividend
5.1 Amount
- SES has a Yearly Dividend Yield of 1.12%.
- Compared to an average industry Dividend Yield of 1.54, SES has a dividend in line with its industry peers.
- SES's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
| Industry Rank | Sector 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
- 14.52% of the earnings are spent on dividend by SES. This is a low number and 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%
SESA SPA / SES.MI 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 6 / 10 to SESA SPA (SES.MI). This can be considered as Fairly Valued.
What is the profitability of SES stock?
SESA SPA (SES.MI) has a profitability rating of 7 / 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%.