SESA SPA (SES.MI) Stock Fundamental Analysis
Europe - BIT:SES - IT0004729759 - Common Stock
93.15 EUR
-1.15 (-1.22%)
Overall SES gets a fundamental rating of 6 out of 10. We evaluated SES against 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.
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 has a Return On Assets of 4.86%. This is amongst the best in the industry. SES outperforms 82.69% of its industry peers.
With an excellent Return On Equity value of 24.47%, SES belongs to the best of the industry, outperforming 98.08% of the companies in the same industry.
With an excellent Return On Invested Capital value of 11.24%, SES belongs to the best of the industry, outperforming 94.23% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SES is above the industry average of 6.34%.
The last Return On Invested Capital (11.24%) for SES is above the 3 year average (8.40%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 24.47% | ||
| ROIC | 11.24% |
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 2.20% is fine compared to the rest of the industry. SES outperforms 69.23% of its industry peers.
In the last couple of years the Profit Margin of SES has declined.
SES has a better Operating Margin (3.96%) than 61.54% 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's Gross Margin of 25.92% is on the low side compared to the rest of the industry. SES is outperformed by 73.08% of its industry peers.
SES's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.96% | ||
| PM (TTM) | 2.2% | ||
| GM | 25.92% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SES is still creating some value.
SES has less shares outstanding than it did 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 3.40. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.40, SES is in the better half of the industry, outperforming 71.15% of the companies in the same industry.
SES has a debt to FCF ratio of 5.06. This is a neutral value as SES would need 5.06 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.06, SES is doing good in the industry, outperforming 61.54% of the companies in the same industry.
A Debt/Equity ratio of 0.79 indicates that SES is somewhat dependend on debt financing.
The Debt to Equity ratio of SES (0.79) is worse than 67.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 5.06 | ||
| Altman-Z | 3.4 |
ROIC/WACC1.38
WACC8.12%
2.3 Liquidity
A Current Ratio of 1.29 indicates that SES should not have too much problems paying its short term obligations.
With a Current ratio value of 1.29, SES is not doing good in the industry: 67.31% of the companies in the same industry are doing better.
SES has a Quick Ratio of 1.17. This is a normal value and indicates that SES is financially healthy and should not expect problems in meeting its short term obligations.
SES has a better Quick ratio (1.17) than 63.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
SES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.91%.
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 small growth in Revenue. The Revenue has grown by 3.11% in the last year.
Measured over the past years, SES shows a quite strong growth in Revenue. The Revenue has been growing by 12.77% on average per year.
EPS 1Y (TTM)-10.91%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%-9.55%
Revenue 1Y (TTM)3.11%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%7.45%
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 3.47% 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-3.32%
EPS Next 2Y3.11%
EPS Next 3Y3.47%
EPS Next 5YN/A
Revenue Next Year4.07%
Revenue Next 2Y4.65%
Revenue Next 3Y4.91%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.83 indicates a correct valuation of SES.
Based on the Price/Earnings ratio, SES is valued cheaper than 86.54% of the companies in the same industry.
SES is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.17, the valuation of SES can be described as correct.
Based on the Price/Forward Earnings ratio, SES is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.71, SES is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.83 | ||
| Fwd PE | 13.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SES is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as SES.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.2 | ||
| EV/EBITDA | 4.52 |
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)1.23
EPS Next 2Y3.11%
EPS Next 3Y3.47%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 1.20%.
Compared to an average industry Dividend Yield of 2.88, SES has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, SES's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
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 14.20% of its income as dividend. This is a sustainable payout ratio.
SES's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP14.2%
EPS Next 2Y3.11%
EPS Next 3Y3.47%
BIT:SES (9/17/2025, 5:35:30 PM)
93.15
-1.15 (-1.22%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners31.01%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.43B
Analysts82.5
Price Target109.42 (17.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
Yearly Dividend1.01
Dividend Growth(5Y)8.18%
DP14.2%
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)-9.11%
PT rev (3m)-22.85%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-15.15%
EPS NY rev (3m)-15.15%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)-3.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.83 | ||
| Fwd PE | 13.17 | ||
| P/S | 0.29 | ||
| P/FCF | 15.2 | ||
| P/OCF | 12.19 | ||
| P/B | 3.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.52 |
EPS(TTM)7.26
EY7.79%
EPS(NY)7.07
Fwd EY7.59%
FCF(TTM)6.13
FCFY6.58%
OCF(TTM)7.64
OCFY8.2%
SpS323.82
BVpS29.07
TBVpS-5.55
PEG (NY)N/A
PEG (5Y)1.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 24.47% | ||
| ROCE | 18% | ||
| ROIC | 11.24% | ||
| ROICexc | 21.29% | ||
| ROICexgc | 137.09% | ||
| OM | 3.96% | ||
| PM (TTM) | 2.2% | ||
| GM | 25.92% | ||
| FCFM | 1.89% |
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%
ROICexcg growth 3YN/A
ROICexcg 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 Turnover2.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 5.06 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 28.15% | ||
| Cap/Sales | 0.47% | ||
| Interest Coverage | 3.71 | ||
| Cash Conversion | 41.97% | ||
| Profit Quality | 86.18% | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 3.4 |
F-Score6
WACC8.12%
ROIC/WACC1.38
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)-10.91%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%-9.55%
EPS Next Y-3.32%
EPS Next 2Y3.11%
EPS Next 3Y3.47%
EPS Next 5YN/A
Revenue 1Y (TTM)3.11%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%7.45%
Revenue Next Year4.07%
Revenue Next 2Y4.65%
Revenue Next 3Y4.91%
Revenue Next 5Y10.28%
EBIT growth 1Y-9.76%
EBIT growth 3Y3.81%
EBIT growth 5Y14.31%
EBIT Next Year60.72%
EBIT Next 3Y19.43%
EBIT Next 5YN/A
FCF growth 1Y-15.98%
FCF growth 3Y-9.53%
FCF growth 5Y2.42%
OCF growth 1Y-14.81%
OCF growth 3Y-6.94%
OCF growth 5Y4.24%