SESA SPA (SES.MI) Fundamental Analysis & Valuation

BIT:SES • IT0004729759

Current stock price

74.95 EUR
+2.9 (+4.02%)
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.
  • In the past 5 years SES has always been profitable.
  • In the past 5 years SES always reported a positive cash flow from operatings.
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

  • With a decent Return On Assets value of 4.58%, SES is doing good in the industry, outperforming 72.00% of the companies in the same industry.
  • With an excellent Return On Equity value of 25.77%, SES belongs to the best of the industry, outperforming 92.00% of the companies in the same industry.
  • SES's Return On Invested Capital of 13.92% is amongst the best of the industry. SES outperforms 92.00% 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 7.76%.
  • The 3 year average ROIC (8.40%) for SES is below the current ROIC(13.92%), indicating increased profibility in the last year.
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

  • With a decent Profit Margin value of 2.18%, SES is doing good in the industry, outperforming 62.00% of the companies in the same industry.
  • SES's Profit Margin has declined in the last couple of years.
  • SES has a Operating Margin (4.00%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of SES has remained more or less at the same level.
  • SES has a Gross Margin of 25.46%. This is in the lower half of the industry: SES underperforms 78.00% of its industry peers.
  • SES's Gross Margin has improved in the last couple of years.
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

  • SES has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, SES has less shares outstanding
  • Compared to 5 years ago, SES has less shares outstanding
  • 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 3.03 indicates that SES is not in any danger for bankruptcy at the moment.
  • SES has a Altman-Z score (3.03) which is in line with its industry peers.
  • SES has a debt to FCF ratio of 1.92. This is a very positive value and a sign of high solvency as it would only need 1.92 years to pay back of all of its debts.
  • SES's Debt to FCF ratio of 1.92 is amongst the best of the industry. SES outperforms 82.00% 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 (0.41) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.92
Altman-Z 3.03
ROIC/WACC1.73
WACC8.07%
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.
  • Looking at the Current ratio, with a value of 1.16, SES is doing worse than 74.00% of the companies in the same industry.
  • 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.
  • With a decent Quick ratio value of 1.05, SES is doing good in the industry, outperforming 66.00% of the companies in the same industry.
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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5

3. SES.MI Growth Analysis

3.1 Past

  • SES shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.08%.
  • 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 9.47% 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)-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

  • The Earnings Per Share is expected to grow by 5.22% on average over the next years.
  • 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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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

  • With a Price/Earnings ratio of 9.99, the valuation of SES can be described as very reasonable.
  • Based on the Price/Earnings ratio, SES is valued cheaply inside the industry as 92.00% of the companies are valued more expensively.
  • SES is valuated cheaply when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 9.65 indicates a reasonable valuation of SES.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SES indicates a rather cheap valuation: SES is cheaper than 82.00% of the companies listed 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 22.42.
Industry RankSector Rank
PE 9.99
Fwd PE 9.65
SES.MI Price Earnings VS Forward Price EarningsSES.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • 92.00% of the companies in the same industry are more expensive than SES, based on the Enterprise Value to EBITDA ratio.
  • SES's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SES is cheaper than 86.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.1
EV/EBITDA 3.39
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)0.96
EPS Next 2Y3.04%
EPS Next 3Y5.22%

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4

5. SES.MI Dividend Analysis

5.1 Amount

  • SES has a Yearly Dividend Yield of 1.35%.
  • SES's Dividend Yield is comparable with the industry average which is at 1.70.
  • Compared to the average S&P500 Dividend Yield of 1.89, SES is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.35%

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.
  • SES's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.38%
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 (3/23/2026, 1:07:09 PM)

74.95

+2.9 (+4.02%)

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 Cap1.15B
Revenue(TTM)5.30B
Net Income(TTM)115.48M
Analysts87.5
Price Target117.3 (56.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.35%
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%
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 9.99
Fwd PE 9.65
P/S 0.22
P/FCF 5.1
P/OCF 4.63
P/B 2.57
P/tB N/A
EV/EBITDA 3.39
EPS(TTM)7.5
EY10.01%
EPS(NY)7.77
Fwd EY10.36%
FCF(TTM)14.68
FCFY19.59%
OCF(TTM)16.17
OCFY21.58%
SpS345.56
BVpS29.21
TBVpS-6.81
PEG (NY)N/A
PEG (5Y)0.96
Graham Number70.21
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 3.03
F-Score7
WACC8.07%
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-3.87%
EPS Next 2Y3.04%
EPS Next 3Y5.22%
EPS Next 5YN/A
Revenue 1Y (TTM)9.47%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%10.57%
Revenue Next Year5.12%
Revenue Next 2Y5.16%
Revenue Next 3Y5.19%
Revenue Next 5Y10.28%
EBIT growth 1Y8.7%
EBIT growth 3Y3.81%
EBIT growth 5Y14.31%
EBIT Next Year51.4%
EBIT Next 3Y20.54%
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.


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 7 / 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 13.38%.