SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
TSX:SES - Toronto Stock Exchange - CA8139211038 - Common Stock - Currency: CAD
We assign a fundamental rating of 7 out of 10 to SES. SES was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. SES has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. SES is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make SES suitable for growth and quality investing!
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.
Each year in the past 5 years SES had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SES (44.02%) is better than 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 96.35%, SES belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
SES has a better Return On Invested Capital (16.93%) than 96.26% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SES is significantly above the industry average of 7.38%.
The last Return On Invested Capital (16.93%) for SES is above the 3 year average (12.50%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 44.02% | ||
| ROE | 96.35% | ||
| ROIC | 16.93% |
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 7.43%, SES is in the better half of the industry, outperforming 62.15% of the companies in the same industry.
SES's Profit Margin has improved in the last couple of years.
The Operating Margin of SES (2.54%) is comparable to the rest of the industry.
SES's Operating Margin has improved in the last couple of years.
SES has a Gross Margin (3.98%) which is comparable to the rest of the industry.
SES's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.54% | ||
| PM (TTM) | 7.43% | ||
| GM | 3.98% |
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 well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for SES has been reduced compared to 1 year ago.
SES has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SES has an improved debt to assets ratio.
2.2 Solvency
SES has an Altman-Z score of 7.89. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
SES's Altman-Z score of 7.89 is amongst the best of the industry. SES outperforms 91.12% of its industry peers.
SES has a debt to FCF ratio of 1.25. This is a very positive value and a sign of high solvency as it would only need 1.25 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.25, SES belongs to the top of the industry, outperforming 92.52% of the companies in the same industry.
A Debt/Equity ratio of 0.41 indicates that SES is not too dependend on debt financing.
SES has a Debt to Equity ratio (0.41) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.25 | ||
| Altman-Z | 7.89 |
ROIC/WACC1.86
WACC9.12%
2.3 Liquidity
A Current Ratio of 1.01 indicates that SES should not have too much problems paying its short term obligations.
SES has a better Current ratio (1.01) than 61.22% of its industry peers.
SES has a Quick Ratio of 1.01. This is a bad value and indicates that SES is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.80, SES is in line with its industry, outperforming 57.01% of the companies in the same industry.
SES does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
SES shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 226.15%, which is quite impressive.
The Earnings Per Share has been growing by 121.24% on average over the past years. This is a very strong growth
SES shows a strong growth in Revenue. In the last year, the Revenue has grown by 64.01%.
SES shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.44% yearly.
EPS 1Y (TTM)226.15%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-30%
Revenue 1Y (TTM)64.01%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%-26.39%
3.2 Future
The Earnings Per Share is expected to decrease by -13.61% on average over the next years. This is quite bad
The Revenue is expected to grow by 11.30% on average over the next years. This is quite good.
EPS Next Y-53.03%
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
EPS Next 5YN/A
Revenue Next Year7.74%
Revenue Next 2Y6.17%
Revenue Next 3Y6.44%
Revenue Next 5Y11.3%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 6.00 indicates a rather cheap valuation of SES.
SES's Price/Earnings ratio is rather cheap when compared to the industry. SES is cheaper than 88.32% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.10, SES is valued rather cheaply.
SES is valuated correctly with a Price/Forward Earnings ratio of 12.77.
SES's Price/Forward Earnings ratio is in line with the industry average.
SES's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6 | ||
| Fwd PE | 12.77 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SES is cheaper than 73.36% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than the industry average as 76.64% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.09 | ||
| EV/EBITDA | 6.51 |
4.3 Compensation for Growth
The excellent 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 -13.61% in the coming years.
PEG (NY)N/A
PEG (5Y)0.05
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 3.04%.
SES's Dividend Yield is a higher than the industry average which is at 7.64.
SES's Dividend Yield is a higher than the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.04% |
5.2 History
The dividend of SES is nicely growing with an annual growth rate of 7.92%!
SES has paid a dividend for at least 10 years, which is a reliable track record.
SES has decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.92%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
SES pays out 10.36% of its income as dividend. This is a sustainable payout ratio.
DP10.36%
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
TSX:SES (5/5/2025, 7:00:00 PM)
12.72
-0.92 (-6.74%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners39%
Inst Owner ChangeN/A
Ins Owners1.71%
Ins Owner ChangeN/A
Market Cap2.94B
Analysts76.92
Price Target18.19 (43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.04% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP10.36%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)18.91%
Min EPS beat(2)-37.7%
Max EPS beat(2)75.52%
EPS beat(4)2
Avg EPS beat(4)246.08%
Min EPS beat(4)-37.7%
Max EPS beat(4)958.51%
EPS beat(8)4
Avg EPS beat(8)122.25%
EPS beat(12)7
Avg EPS beat(12)99.44%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.94%
Min Revenue beat(2)-11%
Max Revenue beat(2)7.13%
Revenue beat(4)3
Avg Revenue beat(4)4.7%
Min Revenue beat(4)-11%
Max Revenue beat(4)17.9%
Revenue beat(8)7
Avg Revenue beat(8)47.52%
Revenue beat(12)11
Avg Revenue beat(12)180.69%
Revenue beat(16)15
Avg Revenue beat(16)223.48%
PT rev (1m)-3.75%
PT rev (3m)-2.13%
EPS NQ rev (1m)-14.55%
EPS NQ rev (3m)-10.48%
EPS NY rev (1m)-1%
EPS NY rev (3m)-1.4%
Revenue NQ rev (1m)-6.97%
Revenue NQ rev (3m)-9.16%
Revenue NY rev (1m)-0.64%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6 | ||
| Fwd PE | 12.77 | ||
| P/S | 0.22 | ||
| P/FCF | 8.09 | ||
| P/OCF | 5.91 | ||
| P/B | 2.82 | ||
| P/tB | 3.91 | ||
| EV/EBITDA | 6.51 |
EPS(TTM)2.12
EY16.67%
EPS(NY)1
Fwd EY7.83%
FCF(TTM)1.57
FCFY12.36%
OCF(TTM)2.15
OCFY16.92%
SpS58.56
BVpS4.51
TBVpS3.25
PEG (NY)N/A
PEG (5Y)0.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 44.02% | ||
| ROE | 96.35% | ||
| ROCE | 21.5% | ||
| ROIC | 16.93% | ||
| ROICexc | 17.21% | ||
| ROICexgc | 21.11% | ||
| OM | 2.54% | ||
| PM (TTM) | 7.43% | ||
| GM | 3.98% | ||
| FCFM | 2.68% |
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-Score6
Asset Turnover5.93
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.25 | ||
| Debt/EBITDA | 0.83 | ||
| Cap/Depr | 77.46% | ||
| Cap/Sales | 0.99% | ||
| Interest Coverage | 8.39 | ||
| Cash Conversion | 96.13% | ||
| Profit Quality | 36.16% | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 7.89 |
F-Score6
WACC9.12%
ROIC/WACC1.86
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)226.15%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-30%
EPS Next Y-53.03%
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
EPS Next 5YN/A
Revenue 1Y (TTM)64.01%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%-26.39%
Revenue Next Year7.74%
Revenue Next 2Y6.17%
Revenue Next 3Y6.44%
Revenue Next 5Y11.3%
EBIT growth 1Y-6.27%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year134.39%
EBIT Next 3Y38.49%
EBIT Next 5Y29.12%
FCF growth 1Y59.91%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y15.58%
OCF growth 3Y88.67%
OCF growth 5Y20.38%