SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada - TSX:SES - CA8139211038 - Common Stock
20.65 CAD
+0.24 (+1.18%)
SES gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 216 industry peers in the Oil, Gas & Consumable Fuels industry. While SES has a great profitability rating, there are some minor concerns on its financial health. SES is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year SES was profitable.
SES had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: SES reported negative net income in multiple years.
Each year in the past 5 years SES had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 7.93%, SES belongs to the best of the industry, outperforming 89.81% of the companies in the same industry.
The Return On Equity of SES (24.11%) is better than 96.76% of its industry peers.
The Return On Invested Capital of SES (10.80%) is better than 93.98% 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 6.91%.
| 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
Looking at the Profit Margin, with a value of 1.90%, SES is in line with its industry, outperforming 55.09% of the companies in the same industry.
SES's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 2.60%, SES is in line with its industry, outperforming 48.61% of the companies in the same 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SES is 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
An Altman-Z score of 6.27 indicates that SES is not in any danger for bankruptcy at the moment.
The Altman-Z score of SES (6.27) is better than 88.43% of its industry peers.
The Debt to FCF ratio of SES is 4.86, which is a neutral value as it means it would take SES, 4.86 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.86, SES belongs to the top of the industry, outperforming 81.94% of the companies in the same industry.
SES has a Debt/Equity ratio of 1.19. This is a high value indicating a heavy dependency on external financing.
SES has a Debt to Equity ratio of 1.19. This is in the lower half of the industry: SES underperforms 62.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | 6.27 |
ROIC/WACC1.4
WACC7.71%
2.3 Liquidity
A Current Ratio of 1.30 indicates that SES should not have too much problems paying its short term obligations.
SES has a Current ratio of 1.30. This is in the better half of the industry: SES outperforms 66.20% of its industry peers.
A Quick Ratio of 1.03 indicates that SES should not have too much problems paying its short term obligations.
The Quick ratio of SES (1.03) is better than 66.20% of its industry peers.
| 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%.
The Revenue has been growing by 28.44% on average over the past years. This is a very strong growth!
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
SES is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.47% yearly.
The Revenue is expected to decrease by -8.27% on average over the next years.
EPS Next Y-60.64%
EPS Next 2Y-31.41%
EPS Next 3Y-17.47%
EPS Next 5YN/A
Revenue Next Year-58.04%
Revenue Next 2Y-33.28%
Revenue Next 3Y-22.62%
Revenue Next 5Y-8.27%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 24.88, the valuation of SES can be described as rather expensive.
SES's Price/Earnings ratio is in line with the industry average.
SES is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.86, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.70 indicates a rather expensive valuation of SES.
SES's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of SES to the average of the S&P500 Index (23.32), we can say SES is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.88 | ||
| Fwd PE | 20.7 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SES is on the same level as its industry peers.
SES's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SES is cheaper than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.78 | ||
| EV/EBITDA | 12.26 |
4.3 Compensation for Growth
The decent profitability rating of SES may justify a higher PE ratio.
A cheap valuation may be justified as SES's earnings are expected to decrease with -17.47% in the coming years.
PEG (NY)N/A
PEG (5Y)0.21
EPS Next 2Y-31.41%
EPS Next 3Y-17.47%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 1.96%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.76, SES pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, SES has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
5.2 History
On average, the dividend of SES grows each year by 7.92%, which is quite nice.
SES has been paying a dividend for at least 10 years, so it has 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
SES pays out 49.24% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.24%
EPS Next 2Y-31.41%
EPS Next 3Y-17.47%
TSX:SES (10/3/2025, 7:00:00 PM)
20.65
+0.24 (+1.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners51.23%
Inst Owner ChangeN/A
Ins Owners1.86%
Ins Owner ChangeN/A
Market Cap4.51B
Analysts75.71
Price Target18.25 (-11.62%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
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)0%
PT rev (3m)3.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-11.69%
EPS NY rev (1m)-3.36%
EPS NY rev (3m)-16.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.88 | ||
| Fwd PE | 20.7 | ||
| P/S | 0.44 | ||
| P/FCF | 21.78 | ||
| P/OCF | 12.63 | ||
| P/B | 5.52 | ||
| P/tB | 9.35 | ||
| EV/EBITDA | 12.26 |
EPS(TTM)0.83
EY4.02%
EPS(NY)1
Fwd EY4.83%
FCF(TTM)0.95
FCFY4.59%
OCF(TTM)1.64
OCFY7.92%
SpS47.39
BVpS3.74
TBVpS2.21
PEG (NY)N/A
PEG (5Y)0.21
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 | 6.27 |
F-Score5
WACC7.71%
ROIC/WACC1.4
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-60.64%
EPS Next 2Y-31.41%
EPS Next 3Y-17.47%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.81%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%4.75%
Revenue Next Year-58.04%
Revenue Next 2Y-33.28%
Revenue Next 3Y-22.62%
Revenue Next 5Y-8.27%
EBIT growth 1Y-35.18%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year123.76%
EBIT Next 3Y34.83%
EBIT Next 5Y22.66%
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%