SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:SES - CA8139211038 - Common Stock
17.27 CAD
-0.32 (-1.82%)
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. While SES belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SES has a expensive valuation and it also scores bad on growth.
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.
SES had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.09%, SES is doing good in the industry, outperforming 77.98% of the companies in the same industry.
With an excellent Return On Equity value of 13.40%, SES belongs to the best of the industry, outperforming 89.45% of the companies in the same industry.
The Return On Invested Capital of SES (10.66%) is better than 95.87% 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 6.53%.
| Industry Rank | Sector 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
1.3 Margins
SES's Profit Margin of 1.02% is in line compared to the rest of the industry. SES outperforms 54.59% of its industry peers.
In the last couple of years the Profit Margin of SES has grown nicely.
SES's Operating Margin of 2.63% is in line compared to the rest of the industry. SES outperforms 50.46% of 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 43.58% of its industry peers.
SES's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
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.
2.2 Solvency
SES has an Altman-Z score of 5.73. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
SES's Altman-Z score of 5.73 is amongst the best of the industry. SES outperforms 85.78% of its industry peers.
SES has a debt to FCF ratio of 9.95. This is a negative value and a sign of low solvency as SES would need 9.95 years to pay back of all of its debts.
The Debt to FCF ratio of SES (9.95) is better than 75.69% of its industry peers.
SES has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.27, SES is doing worse than 61.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 5.73 |
ROIC/WACC1.45
WACC7.38%
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.
The Current ratio of SES (1.21) is better than 68.35% of its industry peers.
SES has a Quick Ratio of 1.21. This is a bad value and indicates that SES is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Quick ratio value of 0.92, SES is doing good in the industry, outperforming 63.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
SES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -79.82%.
Measured over the past years, SES shows a very strong growth in Earnings Per Share. The EPS has been growing by 121.24% on average per year.
Looking at the last year, SES shows a very negative growth in Revenue. The Revenue has decreased by -23.28% in the last year.
The Revenue has been growing by 28.44% on average over the past years. This is a very strong growth!
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
SES is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -19.41% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 39.25, which means the current valuation is very expensive for SES.
The rest of the industry has a similar Price/Earnings ratio as SES.
SES is valuated rather expensively when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 17.49, which indicates a rather expensive current valuation of SES.
SES's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.78. SES is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.25 | ||
| Fwd PE | 17.49 |
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.
Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than 60.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.96 | ||
| EV/EBITDA | 10.58 |
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 -19.41% in the coming years.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-31.76%
EPS Next 3Y-19.41%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 2.27%.
Compared to an average industry Dividend Yield of 3.49, SES pays a bit more dividend than its industry peers.
SES's Dividend Yield is comparable with the S&P500 average which is at 1.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
5.2 History
The dividend of SES is nicely growing with an annual growth rate of 7.92%!
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
91.35% of the earnings are spent on dividend by SES. This is not a sustainable payout ratio.
The Dividend Rate of SES has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP91.35%
EPS Next 2Y-31.76%
EPS Next 3Y-19.41%
TSX:SES (12/12/2025, 7:00:00 PM)
17.27
-0.32 (-1.82%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners42.14%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap3.77B
Revenue(TTM)10.20B
Net Income(TTM)104.00M
Analysts74.29
Price Target21 (21.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP91.35%
Div Incr Years3
Div Non Decr Years3
Ex-Date
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)2.07%
PT rev (3m)15.06%
EPS NQ rev (1m)-7.82%
EPS NQ rev (3m)-9.84%
EPS NY rev (1m)-15.06%
EPS NY rev (3m)-29.32%
Revenue NQ rev (1m)-7.75%
Revenue NQ rev (3m)-8.95%
Revenue NY rev (1m)-2.81%
Revenue NY rev (3m)-4.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.25 | ||
| Fwd PE | 17.49 | ||
| P/S | 0.37 | ||
| P/FCF | 36.96 | ||
| P/OCF | 12.53 | ||
| P/B | 4.86 | ||
| P/tB | 8.47 | ||
| EV/EBITDA | 10.58 |
EPS(TTM)0.44
EY2.55%
EPS(NY)0.99
Fwd EY5.72%
FCF(TTM)0.47
FCFY2.71%
OCF(TTM)1.38
OCFY7.98%
SpS46.74
BVpS3.55
TBVpS2.04
PEG (NY)N/A
PEG (5Y)0.32
Graham Number5.93
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 5.73 |
F-Score5
WACC7.38%
ROIC/WACC1.45
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 Year121.77%
EBIT Next 3Y35.22%
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.
Can you provide the valuation status for SECURE WASTE INFRASTRUCTURE?
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 valuation of SECURE WASTE INFRASTRUCTURE based on its PE and PB ratios?
The Price/Earnings (PE) ratio for SECURE WASTE INFRASTRUCTURE (SES.CA) is 39.25 and the Price/Book (PB) ratio is 4.86.
How financially healthy is SECURE WASTE INFRASTRUCTURE?
The financial health rating of SECURE WASTE INFRASTRUCTURE (SES.CA) is 5 / 10.