SESA SPA (SES.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SES - IT0004729759 - Common Stock
92.55 EUR
+1 (+1.09%)
Taking everything into account, SES scores 6 out of 10 in our fundamental rating. SES was compared to 52 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.
SES had a positive operating cash flow in the past year.
SES had positive earnings in each of the past 5 years.
In the past 5 years SES always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SES (4.90%) is better than 78.85% of its industry peers.
SES has a Return On Equity of 23.60%. This is amongst the best in the industry. SES outperforms 94.23% of its industry peers.
With an excellent Return On Invested Capital value of 12.76%, SES belongs to the best of the industry, outperforming 94.23% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SES is in line with the industry average of 7.50%.
The 3 year average ROIC (8.40%) for SES is below the current ROIC(12.76%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 23.6% | ||
| ROIC | 12.76% |
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
SES's Profit Margin of 2.18% is fine compared to the rest of the industry. SES outperforms 67.31% of its industry peers.
In the last couple of years the Profit Margin of SES has declined.
The Operating Margin of SES (3.91%) is better than 63.46% of its industry peers.
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 (25.88%) than 78.85% of its industry peers.
SES's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.91% | ||
| PM (TTM) | 2.18% | ||
| GM | 25.88% |
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
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.
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
An Altman-Z score of 3.42 indicates that SES is not in any danger for bankruptcy at the moment.
SES has a Altman-Z score of 3.42. This is in the better half of the industry: SES outperforms 65.38% of its industry peers.
SES has a debt to FCF ratio of 4.25. This is a neutral value as SES would need 4.25 years to pay back of all of its debts.
SES's Debt to FCF ratio of 4.25 is fine compared to the rest of the industry. SES outperforms 63.46% of its industry peers.
SES has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
SES has a Debt to Equity ratio (0.43) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 4.25 | ||
| Altman-Z | 3.42 |
ROIC/WACC1.58
WACC8.08%
2.3 Liquidity
A Current Ratio of 1.25 indicates that SES should not have too much problems paying its short term obligations.
The Current ratio of SES (1.25) is worse than 67.31% of its industry peers.
SES has a Quick Ratio of 1.08. 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 1.08 is fine compared to the rest of the industry. SES outperforms 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.60% over the past 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.
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)3.6%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%16.05%
Revenue 1Y (TTM)9.57%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%11.96%
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 5.09% on average per year.
Based on estimates for the next years, SES will show a quite strong growth in Revenue. The Revenue will grow by 10.28% on average per year.
EPS Next Y-5.47%
EPS Next 2Y2.37%
EPS Next 3Y5.09%
EPS Next 5YN/A
Revenue Next Year4.92%
Revenue Next 2Y5.05%
Revenue Next 3Y5.08%
Revenue Next 5Y10.28%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
SES is valuated correctly with a Price/Earnings ratio of 12.23.
SES's Price/Earnings ratio is rather cheap when compared to the industry. SES is cheaper than 92.31% of the companies in the same industry.
When comparing the Price/Earnings ratio of SES to the average of the S&P500 Index (27.00), we can say SES is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.07, SES is valued correctly.
Based on the Price/Forward Earnings ratio, SES is valued a bit cheaper than the industry average as 71.15% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.70, SES is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.23 | ||
| Fwd PE | 12.07 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SES is cheaper than 88.46% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.38 | ||
| EV/EBITDA | 4.7 |
4.3 Compensation for Growth
SES has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.17
EPS Next 2Y2.37%
EPS Next 3Y5.09%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 1.11%. Purely for dividend investing, there may be better candidates out there.
SES's Dividend Yield is comparable with the industry average which is at 1.57.
Compared to an average S&P500 Dividend Yield of 1.94, SES's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
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 13.26% 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.
DP13.26%
EPS Next 2Y2.37%
EPS Next 3Y5.09%
BIT:SES (1/9/2026, 1:45:19 PM)
92.55
+1 (+1.09%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners29.63%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.42B
Revenue(TTM)5.20B
Net Income(TTM)109.44M
Analysts87.5
Price Target117.3 (26.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
Yearly Dividend1.01
Dividend Growth(5Y)8.18%
DP13.26%
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)0.86%
PT rev (3m)0.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.11%
EPS NY rev (3m)0.07%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.81%
Revenue NY rev (3m)0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.23 | ||
| Fwd PE | 12.07 | ||
| P/S | 0.28 | ||
| P/FCF | 14.38 | ||
| P/OCF | 11.92 | ||
| P/B | 3.06 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.7 |
EPS(TTM)7.57
EY8.18%
EPS(NY)7.67
Fwd EY8.28%
FCF(TTM)6.44
FCFY6.95%
OCF(TTM)7.77
OCFY8.39%
SpS327.81
BVpS30.23
TBVpS-4.48
PEG (NY)N/A
PEG (5Y)1.17
Graham Number71.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 23.6% | ||
| ROCE | 18.77% | ||
| ROIC | 12.76% | ||
| ROICexc | 24.35% | ||
| ROICexgc | 820.18% | ||
| OM | 3.91% | ||
| PM (TTM) | 2.18% | ||
| GM | 25.88% | ||
| FCFM | 1.96% |
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-Score5
Asset Turnover2.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 4.25 | ||
| Debt/EBITDA | 0.71 | ||
| Cap/Depr | 23.96% | ||
| Cap/Sales | 0.41% | ||
| Interest Coverage | 3.89 | ||
| Cash Conversion | 42.27% | ||
| Profit Quality | 90.21% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 3.42 |
F-Score5
WACC8.08%
ROIC/WACC1.58
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)3.6%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%16.05%
EPS Next Y-5.47%
EPS Next 2Y2.37%
EPS Next 3Y5.09%
EPS Next 5YN/A
Revenue 1Y (TTM)9.57%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%11.96%
Revenue Next Year4.92%
Revenue Next 2Y5.05%
Revenue Next 3Y5.08%
Revenue Next 5Y10.28%
EBIT growth 1Y-8.12%
EBIT growth 3Y3.81%
EBIT growth 5Y14.31%
EBIT Next Year51.4%
EBIT Next 3Y20.51%
EBIT Next 5YN/A
FCF growth 1Y-15.29%
FCF growth 3Y-9.53%
FCF growth 5Y2.42%
OCF growth 1Y-12.94%
OCF growth 3Y-6.94%
OCF growth 5Y4.24%
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 6 / 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 13.26%.