SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
TSX:SES - Toronto Stock Exchange - CA8139211038 - Common Stock - Currency: CAD
Taking everything into account, SES scores 6 out of 10 in our fundamental rating. SES was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. SES scores excellent on profitability, but there are some minor concerns on its financial health. SES is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
SES had positive earnings in the past year.
SES had a positive operating cash flow in the past year.
In multiple years SES reported negative net income over the last 5 years.
In the past 5 years SES always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 7.93%, SES belongs to the best of the industry, outperforming 88.94% of the companies in the same industry.
Looking at the Return On Equity, with a value of 24.11%, SES belongs to the top of the industry, outperforming 96.15% of the companies in the same industry.
SES has a Return On Invested Capital of 10.80%. This is amongst the best in the industry. SES outperforms 92.31% of its industry peers.
SES had an Average Return On Invested Capital over the past 3 years of 12.50%. This is significantly above the industry average of 7.31%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.93% | ||
| ROE | 24.11% | ||
| ROIC | 10.8% |
ROA(3y)12.95%
ROA(5y)5.15%
ROE(3y)28.94%
ROE(5y)11.22%
ROIC(3y)12.5%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 1.90%, SES perfoms like the industry average, outperforming 55.29% of the companies in the same industry.
In the last couple of years the Profit Margin of SES has grown nicely.
The Operating Margin of SES (2.60%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SES has grown nicely.
SES has a Gross Margin (3.97%) which is in line with its industry peers.
SES's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.6% | ||
| PM (TTM) | 1.9% | ||
| GM | 3.97% |
OM growth 3Y-0.69%
OM growth 5Y26.32%
PM growth 3YN/A
PM growth 5Y153.2%
GM growth 3Y-10.11%
GM growth 5Y-0.77%
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 increased compared to 5 years ago.
SES has a better debt/assets ratio than last year.
2.2 Solvency
SES has an Altman-Z score of 5.95. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of SES (5.95) is better than 88.46% of its industry peers.
SES has a debt to FCF ratio of 4.86. This is a neutral value as SES would need 4.86 years to pay back of all of its debts.
SES has a better Debt to FCF ratio (4.86) than 77.40% of its industry peers.
A Debt/Equity ratio of 1.19 is on the high side and indicates that SES has dependencies on debt financing.
With a Debt to Equity ratio value of 1.19, SES is not doing good in the industry: 63.46% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | 5.95 |
ROIC/WACC1.36
WACC7.92%
2.3 Liquidity
SES has a Current Ratio of 1.30. 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 1.30 is fine compared to the rest of the industry. SES outperforms 66.83% of its industry peers.
SES has a Quick Ratio of 1.03. 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 1.03, SES is doing good in the industry, outperforming 67.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The earnings per share for SES have decreased strongly by -57.44% in the last year.
SES shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 121.24% yearly.
SES shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.81%.
SES shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.44% yearly.
EPS 1Y (TTM)-57.44%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%16.67%
Revenue 1Y (TTM)-19.81%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%4.75%
3.2 Future
Based on estimates for the next years, SES will show a very negative growth in Earnings Per Share. The EPS will decrease by -13.61% 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 10.83% on average per year.
EPS Next Y-53.03%
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
EPS Next 5YN/A
Revenue Next Year5.81%
Revenue Next 2Y6.1%
Revenue Next 3Y6.5%
Revenue Next 5Y10.83%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
SES is valuated rather expensively with a Price/Earnings ratio of 19.86.
The rest of the industry has a similar Price/Earnings ratio as SES.
When comparing the Price/Earnings ratio of SES to the average of the S&P500 Index (26.93), we can say SES is valued slightly cheaper.
The Price/Forward Earnings ratio is 14.97, which indicates a correct valuation of SES.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SES is on the same level as its industry peers.
SES is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.31, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.86 | ||
| Fwd PE | 14.97 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA is on the same level as the industry average.
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 | 17.5 | ||
| EV/EBITDA | 10.23 |
4.3 Compensation for Growth
SES has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as SES's earnings are expected to decrease with -13.61% in the coming years.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.53%, SES has a reasonable but not impressive dividend return.
SES's Dividend Yield is a higher than the industry average which is at 5.87.
SES's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
5.2 History
On average, the dividend of SES grows each year by 7.92%, which is quite nice.
SES has paid a dividend for at least 10 years, which is a reliable track record.
SES has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.92%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
49.24% of the earnings are spent on dividend by SES. This is a bit on the high side, but may be sustainable.
DP49.24%
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
TSX:SES (8/14/2025, 7:00:00 PM)
16.48
+0.11 (+0.67%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners52.22%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap3.62B
Analysts75.71
Price Target18.25 (10.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP49.24%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.98%
Min EPS beat(2)-32.59%
Max EPS beat(2)-13.37%
EPS beat(4)1
Avg EPS beat(4)-2.03%
Min EPS beat(4)-37.7%
Max EPS beat(4)75.52%
EPS beat(8)3
Avg EPS beat(8)116.5%
EPS beat(12)5
Avg EPS beat(12)76.67%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)1.62%
Min Revenue beat(2)0.07%
Max Revenue beat(2)3.18%
Revenue beat(4)3
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-11%
Max Revenue beat(4)7.13%
Revenue beat(8)7
Avg Revenue beat(8)3.71%
Revenue beat(12)11
Avg Revenue beat(12)101.79%
Revenue beat(16)15
Avg Revenue beat(16)177.13%
PT rev (1m)3.4%
PT rev (3m)3.54%
EPS NQ rev (1m)-9.09%
EPS NQ rev (3m)-9.09%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)-2.27%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.86 | ||
| Fwd PE | 14.97 | ||
| P/S | 0.35 | ||
| P/FCF | 17.5 | ||
| P/OCF | 10.15 | ||
| P/B | 4.43 | ||
| P/tB | 7.52 | ||
| EV/EBITDA | 10.23 |
EPS(TTM)0.83
EY5.04%
EPS(NY)1.1
Fwd EY6.68%
FCF(TTM)0.94
FCFY5.71%
OCF(TTM)1.62
OCFY9.85%
SpS47.05
BVpS3.72
TBVpS2.19
PEG (NY)N/A
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.93% | ||
| ROE | 24.11% | ||
| ROCE | 13.72% | ||
| ROIC | 10.8% | ||
| ROICexc | 10.98% | ||
| ROICexgc | 13.28% | ||
| OM | 2.6% | ||
| PM (TTM) | 1.9% | ||
| GM | 3.97% | ||
| FCFM | 2% |
ROA(3y)12.95%
ROA(5y)5.15%
ROE(3y)28.94%
ROE(5y)11.22%
ROIC(3y)12.5%
ROIC(5y)N/A
ROICexc(3y)12.62%
ROICexc(5y)N/A
ROICexgc(3y)15.28%
ROICexgc(5y)N/A
ROCE(3y)15.88%
ROCE(5y)N/A
ROICexcg growth 3Y64.69%
ROICexcg growth 5Y64.56%
ROICexc growth 3Y66%
ROICexc growth 5Y59.12%
OM growth 3Y-0.69%
OM growth 5Y26.32%
PM growth 3YN/A
PM growth 5Y153.2%
GM growth 3Y-10.11%
GM growth 5Y-0.77%
F-Score5
Asset Turnover4.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.86 | ||
| Debt/EBITDA | 2.18 | ||
| Cap/Depr | 84.27% | ||
| Cap/Sales | 1.45% | ||
| Interest Coverage | 5.72 | ||
| Cash Conversion | 79.87% | ||
| Profit Quality | 105.08% | ||
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 5.95 |
F-Score5
WACC7.92%
ROIC/WACC1.36
Cap/Depr(3y)77.13%
Cap/Depr(5y)61.14%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.99%
Profit Quality(3y)116.66%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-57.44%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%16.67%
EPS Next Y-53.03%
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.81%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%4.75%
Revenue Next Year5.81%
Revenue Next 2Y6.1%
Revenue Next 3Y6.5%
Revenue Next 5Y10.83%
EBIT growth 1Y-35.18%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year128.59%
EBIT Next 3Y37.61%
EBIT Next 5Y25.93%
FCF growth 1Y-29.35%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y-24.2%
OCF growth 3Y88.67%
OCF growth 5Y20.38%