SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
TSX:SES - CA8139211038 - Common Stock
16.57 CAD
+0.13 (+0.79%)
SES gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 218 industry peers in the Oil, Gas & Consumable Fuels industry. SES has an excellent profitability rating, but there are some minor concerns on its financial health. SES has a valuation in line with the averages, but on the other hand it scores bad on growth.
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 multiple years SES reported negative net income over the last 5 years.
Each year in the past 5 years SES had a positive operating cash flow.
1.2 Ratios
SES's Return On Assets of 7.93% is amongst the best of the industry. SES outperforms 89.77% of its industry peers.
With an excellent Return On Equity value of 24.11%, SES belongs to the best of the industry, outperforming 96.74% of the companies in the same industry.
With an excellent Return On Invested Capital value of 10.80%, SES belongs to the best of the industry, outperforming 93.49% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SES is significantly above the industry average of 6.94%.
| 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
The Profit Margin of SES (1.90%) is comparable to the rest of the industry.
SES's Profit Margin has improved in the last couple of years.
SES has a Operating Margin (2.60%) which is in line with its industry peers.
SES's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 3.97%, SES is in line with its industry, outperforming 43.26% of the companies in the same industry.
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
SES has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SES has less shares outstanding than it did 1 year ago.
SES has more shares outstanding than it did 5 years ago.
SES has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.96 indicates that SES is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 5.96, SES belongs to the best of the industry, outperforming 86.98% of the companies in the same industry.
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 80.93% of its industry peers.
SES has a Debt/Equity ratio of 1.19. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.19, SES is doing worse than 62.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | 5.96 |
ROIC/WACC1.35
WACC8.01%
2.3 Liquidity
A Current Ratio of 1.30 indicates that SES should not have too much problems paying its short term obligations.
The Current ratio of SES (1.30) is better than 67.91% of its industry peers.
A Quick Ratio of 1.03 indicates that SES should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.03, SES is doing good in the industry, outperforming 67.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
SES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -57.44%.
The Earnings Per Share has been growing by 121.24% on average over the past years. This is a very strong growth
The Revenue for SES has decreased by -19.81% in the past year. This is quite bad
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 -17.47% on average per year.
Based on estimates for the next years, SES will show a decrease in Revenue. The Revenue will decrease by -8.27% on average per year.
EPS Next Y-59.27%
EPS Next 2Y-31.15%
EPS Next 3Y-17.47%
EPS Next 5YN/A
Revenue Next Year-58.36%
Revenue Next 2Y-33.58%
Revenue Next 3Y-22.92%
Revenue Next 5Y-8.27%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.96, the valuation of SES can be described as rather expensive.
SES's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of SES to the average of the S&P500 Index (27.06), we can say SES is valued slightly cheaper.
A Price/Forward Earnings ratio of 16.49 indicates a correct valuation of SES.
SES's Price/Forward Earnings is on the same level as the industry average.
SES is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.96 | ||
| Fwd PE | 16.49 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SES indicates a somewhat cheap valuation: SES is cheaper than 65.12% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.6 | ||
| EV/EBITDA | 10.33 |
4.3 Compensation for Growth
The decent profitability rating of SES may justify a higher PE ratio.
SES's earnings are expected to decrease with -17.47% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y-31.15%
EPS Next 3Y-17.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.43%, SES has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.89, SES pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.45, SES has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
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-31.15%
EPS Next 3Y-17.47%
TSX:SES (9/5/2025, 7:00:00 PM)
16.57
+0.13 (+0.79%)
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 Cap3.64B
Analysts75.71
Price Target18.25 (10.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
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)4.01%
PT rev (3m)3.7%
EPS NQ rev (1m)-2.86%
EPS NQ rev (3m)-11.69%
EPS NY rev (1m)-13.29%
EPS NY rev (3m)-13.29%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)-1.98%
Revenue NY rev (1m)1.37%
Revenue NY rev (3m)0.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.96 | ||
| Fwd PE | 16.49 | ||
| P/S | 0.35 | ||
| P/FCF | 17.6 | ||
| P/OCF | 10.2 | ||
| P/B | 4.46 | ||
| P/tB | 7.56 | ||
| EV/EBITDA | 10.33 |
EPS(TTM)0.83
EY5.01%
EPS(NY)1
Fwd EY6.06%
FCF(TTM)0.94
FCFY5.68%
OCF(TTM)1.62
OCFY9.8%
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 | 5.96 |
F-Score5
WACC8.01%
ROIC/WACC1.35
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-59.27%
EPS Next 2Y-31.15%
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-58.36%
Revenue Next 2Y-33.58%
Revenue Next 3Y-22.92%
Revenue Next 5Y-8.27%
EBIT growth 1Y-35.18%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year128.59%
EBIT Next 3Y37.61%
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%