SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis

TSX:SES • CA8139211038

18.5 CAD
-0.45 (-2.37%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall SES gets a fundamental rating of 5 out of 10. We evaluated SES against 212 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 is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

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.
  • The reported net income has been mixed in the past 5 years: SES reported negative net income in multiple years.
  • In the past 5 years SES always reported a positive cash flow from operatings.
SES.CA Yearly Net Income VS EBIT VS OCF VS FCFSES.CA 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 0 200M -200M 400M

1.2 Ratios

  • SES's Return On Assets of 4.09% is fine compared to the rest of the industry. SES outperforms 79.25% of its industry peers.
  • With an excellent Return On Equity value of 13.40%, SES belongs to the best of the industry, outperforming 90.57% of the companies in the same industry.
  • SES has a Return On Invested Capital of 10.66%. This is amongst the best in the industry. SES outperforms 95.75% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SES is significantly above the industry average of 6.50%.
Industry RankSector Rank
ROA 4.09%
ROE 13.4%
ROIC 10.66%
ROA(3y)12.95%
ROA(5y)5.15%
ROE(3y)28.94%
ROE(5y)11.22%
ROIC(3y)12.5%
ROIC(5y)N/A
SES.CA Yearly ROA, ROE, ROICSES.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

1.3 Margins

  • SES has a Profit Margin (1.02%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of SES has grown nicely.
  • SES has a Operating Margin (2.63%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of SES has grown nicely.
  • SES has a Gross Margin of 3.99%. This is comparable to the rest of the industry: SES outperforms 45.28% of its industry peers.
  • SES's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 2.63%
PM (TTM) 1.02%
GM 3.99%
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%
SES.CA Yearly Profit, Operating, Gross MarginsSES.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

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.
  • The number of shares outstanding for SES has been reduced compared to 1 year ago.
  • Compared to 5 years ago, SES has more shares outstanding
  • The debt/assets ratio for SES has been reduced compared to a year ago.
SES.CA Yearly Shares OutstandingSES.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
SES.CA Yearly Total Debt VS Total AssetsSES.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 5.82 indicates that SES is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 5.82, SES belongs to the best of the industry, outperforming 85.85% of the companies in the same industry.
  • The Debt to FCF ratio of SES is 9.95, which is on the high side as it means it would take SES, 9.95 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 9.95, SES is doing good in the industry, outperforming 74.53% of the companies in the same industry.
  • SES has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
  • SES has a Debt to Equity ratio of 1.27. This is comparable to the rest of the industry: SES outperforms 41.51% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 9.95
Altman-Z 5.82
ROIC/WACC1.44
WACC7.4%
SES.CA Yearly LT Debt VS Equity VS FCFSES.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • SES has a Current Ratio of 1.21. This is a normal value and indicates that SES is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.21, SES is in the better half of the industry, outperforming 69.81% of the companies in the same industry.
  • A Quick Ratio of 0.92 indicates that SES may have some problems paying its short term obligations.
  • SES has a better Quick ratio (0.92) than 65.57% of its industry peers.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.92
SES.CA Yearly Current Assets VS Current LiabilitesSES.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for SES have decreased strongly by -79.82% 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.
  • The Revenue for SES has decreased by -23.28% in the past year. This is quite bad
  • Measured over the past years, SES shows a very strong growth in Revenue. The Revenue has been growing by 28.44% on average per year.
EPS 1Y (TTM)-79.82%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-100%
Revenue 1Y (TTM)-23.28%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%-2.41%

3.2 Future

  • The Earnings Per Share is expected to decrease by -19.41% on average over the next years. This is quite bad
  • SES is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.27% yearly.
EPS Next Y-71.21%
EPS Next 2Y-31.76%
EPS Next 3Y-19.41%
EPS Next 5YN/A
Revenue Next Year-60.16%
Revenue Next 2Y-34.05%
Revenue Next 3Y-23.11%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SES.CA Yearly Revenue VS EstimatesSES.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
SES.CA Yearly EPS VS EstimatesSES.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 1 1.5 2

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3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 42.05, which means the current valuation is very expensive for SES.
  • SES's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.97. SES is valued rather expensively when compared to this.
  • Based on the Price/Forward Earnings ratio of 18.74, the valuation of SES can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SES indicates a somewhat cheap valuation: SES is cheaper than 62.26% of the companies listed in the same industry.
  • SES is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.96, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 42.05
Fwd PE 18.74
SES.CA Price Earnings VS Forward Price EarningsSES.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as SES.
  • Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than 61.32% of the companies in the same industry.
Industry RankSector Rank
P/FCF 39.59
EV/EBITDA 11.18
SES.CA Per share dataSES.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • SES has a very decent profitability rating, which may justify a higher PE ratio.
  • SES's earnings are expected to decrease with -19.41% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.35
EPS Next 2Y-31.76%
EPS Next 3Y-19.41%

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

5

5. Dividend

5.1 Amount

  • SES has a Yearly Dividend Yield of 2.23%.
  • SES's Dividend Yield is a higher than the industry average which is at 3.13.
  • Compared to an average S&P500 Dividend Yield of 1.79, SES pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.23%

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
SES.CA Yearly Dividends per shareSES.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 91.35% of the earnings are spent on dividend by SES. This is not a sustainable payout ratio.
  • SES's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP91.35%
EPS Next 2Y-31.76%
EPS Next 3Y-19.41%
SES.CA Yearly Income VS Free CF VS DividendSES.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M
SES.CA Dividend Payout.SES.CA Dividend Payout, showing the Payout Ratio.SES.CA Dividend Payout.PayoutRetained Earnings

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SECURE WASTE INFRASTRUCTURE

TSX:SES (2/12/2026, 7:00:00 PM)

18.5

-0.45 (-2.37%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-30
Earnings (Next)02-20
Inst Owners43.49%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap4.04B
Revenue(TTM)10.20B
Net Income(TTM)104.00M
Analysts73.33
Price Target20.4 (10.27%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.23%
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP91.35%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-56.68%
Min EPS beat(2)-100%
Max EPS beat(2)-13.37%
EPS beat(4)0
Avg EPS beat(4)-45.91%
Min EPS beat(4)-100%
Max EPS beat(4)-13.37%
EPS beat(8)3
Avg EPS beat(8)105.5%
EPS beat(12)4
Avg EPS beat(12)65.86%
EPS beat(16)7
Avg EPS beat(16)-609.11%
Revenue beat(2)1
Avg Revenue beat(2)-6.93%
Min Revenue beat(2)-13.93%
Max Revenue beat(2)0.07%
Revenue beat(4)2
Avg Revenue beat(4)-5.42%
Min Revenue beat(4)-13.93%
Max Revenue beat(4)3.18%
Revenue beat(8)6
Avg Revenue beat(8)1.81%
Revenue beat(12)10
Avg Revenue beat(12)62.61%
Revenue beat(16)14
Avg Revenue beat(16)154.95%
PT rev (1m)-2.83%
PT rev (3m)-0.83%
EPS NQ rev (1m)0.61%
EPS NQ rev (3m)-7.26%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.06%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)-8.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.81%
Valuation
Industry RankSector Rank
PE 42.05
Fwd PE 18.74
P/S 0.4
P/FCF 39.59
P/OCF 13.42
P/B 5.2
P/tB 9.08
EV/EBITDA 11.18
EPS(TTM)0.44
EY2.38%
EPS(NY)0.99
Fwd EY5.34%
FCF(TTM)0.47
FCFY2.53%
OCF(TTM)1.38
OCFY7.45%
SpS46.74
BVpS3.55
TBVpS2.04
PEG (NY)N/A
PEG (5Y)0.35
Graham Number5.93
Profitability
Industry RankSector Rank
ROA 4.09%
ROE 13.4%
ROCE 13.54%
ROIC 10.66%
ROICexc 10.8%
ROICexgc 13%
OM 2.63%
PM (TTM) 1.02%
GM 3.99%
FCFM 1%
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
ROICexgc growth 3Y64.69%
ROICexgc 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 Turnover4.01
Health
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 9.95
Debt/EBITDA 2.19
Cap/Depr 109.34%
Cap/Sales 1.95%
Interest Coverage 5.15
Cash Conversion 66.89%
Profit Quality 98.08%
Current Ratio 1.21
Quick Ratio 0.92
Altman-Z 5.82
F-Score5
WACC7.4%
ROIC/WACC1.44
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)-79.82%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-100%
EPS Next Y-71.21%
EPS Next 2Y-31.76%
EPS Next 3Y-19.41%
EPS Next 5YN/A
Revenue 1Y (TTM)-23.28%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%-2.41%
Revenue Next Year-60.16%
Revenue Next 2Y-34.05%
Revenue Next 3Y-23.11%
Revenue Next 5Y-8.27%
EBIT growth 1Y-31.98%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year120.98%
EBIT Next 3Y35.38%
EBIT Next 5Y22.75%
FCF growth 1Y-65.31%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y-39.56%
OCF growth 3Y88.67%
OCF growth 5Y20.38%

SECURE WASTE INFRASTRUCTURE / SES.CA FAQ

What is the fundamental rating for SES stock?

ChartMill assigns a fundamental rating of 5 / 10 to SES.CA.


What is the valuation status of SECURE WASTE INFRASTRUCTURE (SES.CA) stock?

ChartMill assigns a valuation rating of 3 / 10 to SECURE WASTE INFRASTRUCTURE (SES.CA). This can be considered as Overvalued.


What is the profitability of SES stock?

SECURE WASTE INFRASTRUCTURE (SES.CA) has a profitability rating of 7 / 10.


What is the financial health of SECURE WASTE INFRASTRUCTURE (SES.CA) stock?

The financial health rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10.


Is the dividend of SECURE WASTE INFRASTRUCTURE sustainable?

The dividend rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10 and the dividend payout ratio is 91.35%.