SESA SPA (SES.MI) Fundamental Analysis & Valuation

BIT:SES • IT0004729759

Current stock price

76.65 EUR
-0.4 (-0.52%)
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.
  • Each year in the past 5 years SES has been profitable.
  • Each year in the past 5 years SES had a positive operating cash flow.
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

  • The Return On Assets of SES (4.58%) is better than 72.00% of its industry peers.
  • 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.
  • Looking at the Return On Invested Capital, with a value of 13.92%, SES belongs to the top of the industry, outperforming 92.00% of the companies in the same industry.
  • 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 (13.92%) for SES is above the 3 year average (8.40%), which is a sign of increasing profitability.
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

  • SES's Profit Margin of 2.18% is fine compared to the rest of the industry. SES outperforms 62.00% of its industry peers.
  • SES's Profit Margin has declined in the last couple of years.
  • The Operating Margin of SES (4.00%) 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.
  • In the last couple of years the Gross Margin of SES has grown nicely.
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

  • 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
  • Compared to 5 years ago, SES has less shares outstanding
  • SES has a worse debt/assets ratio than last year.
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 3.06 indicates that SES is not in any danger for bankruptcy at the moment.
  • SES's Altman-Z score of 3.06 is in line compared to the rest of the industry. SES outperforms 60.00% of 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 has a Debt to FCF ratio of 1.92. This is amongst the best in 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's Debt to Equity ratio of 0.41 is in line compared to the rest of the industry. SES outperforms 46.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.92
Altman-Z 3.06
ROIC/WACC1.73
WACC8.03%
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

  • SES has a Current Ratio of 1.16. 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 Current ratio of 1.16 is on the low side compared to the rest of the industry. SES is outperformed by 74.00% of its industry peers.
  • A Quick Ratio of 1.05 indicates that SES should not have too much problems paying its short term obligations.
  • SES has a better Quick ratio (1.05) than 66.00% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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%.
  • 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 9.47% 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

  • SES is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.22% yearly.
  • 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-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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7

4. SES.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • SES is valuated reasonably with a Price/Earnings ratio of 10.22.
  • Based on the Price/Earnings ratio, SES is valued cheaper than 92.00% of the companies in the same industry.
  • SES's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.88.
  • With a Price/Forward Earnings ratio of 9.87, 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 80.00% of the companies in the same industry.
  • SES is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.22
Fwd PE 9.87
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

  • SES's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SES is cheaper than 92.00% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SES indicates a rather cheap valuation: SES is cheaper than 84.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.22
EV/EBITDA 3.62
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

  • SES has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.98
EPS Next 2Y3.04%
EPS Next 3Y5.22%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. SES.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.30%, SES has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.72, SES has a dividend in line with its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.89, SES is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.3%

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 (3/27/2026, 7:00:00 PM)

76.65

-0.4 (-0.52%)

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 Cap1.18B
Revenue(TTM)5.30B
Net Income(TTM)115.48M
Analysts87.5
Price Target117.81 (53.7%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.3%
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)0.43%
PT rev (3m)0.43%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.7%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.19%
Valuation
Industry RankSector Rank
PE 10.22
Fwd PE 9.87
P/S 0.22
P/FCF 5.22
P/OCF 4.74
P/B 2.62
P/tB N/A
EV/EBITDA 3.62
EPS(TTM)7.5
EY9.78%
EPS(NY)7.77
Fwd EY10.13%
FCF(TTM)14.68
FCFY19.15%
OCF(TTM)16.17
OCFY21.1%
SpS345.56
BVpS29.21
TBVpS-6.81
PEG (NY)N/A
PEG (5Y)0.98
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 3.06
F-Score7
WACC8.03%
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 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 13.38%.