SECURE WASTE INFRASTRUCTURE (SES.CA) Stock Fundamental Analysis
TSX:SES - Toronto Stock Exchange - CA8139211038 - Common Stock - Currency: CAD
SES gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. SES scores excellent points on both the profitability and health parts. This is a solid base for a good stock. SES has a decent growth rate and is not valued too expensively. This makes SES very considerable for quality investing!
1. Profitability
1.1 Basic Checks
SES had positive earnings in the past year.
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.
SES had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SES has a better Return On Assets (25.75%) than 97.10% of its industry peers.
Looking at the Return On Equity, with a value of 63.66%, SES belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
SES's Return On Invested Capital of 14.99% is amongst the best of the industry. SES outperforms 95.65% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SES is significantly above the industry average of 7.44%.
The 3 year average ROIC (12.50%) for SES is below the current ROIC(14.99%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 25.75% | ||
| ROE | 63.66% | ||
| ROIC | 14.99% |
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 has a Profit Margin (4.64%) which is in line with its industry peers.
SES's Profit Margin has improved in the last couple of years.
SES has a Operating Margin (2.54%) which is in line with its industry peers.
SES's Operating Margin has improved in the last couple of years.
SES has a Gross Margin (3.96%) 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 | 2.54% | ||
| PM (TTM) | 4.64% | ||
| GM | 3.96% |
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 well above the Cost of Capital (WACC), so SES is creating value.
The number of shares outstanding for SES has been reduced compared to 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
SES has an Altman-Z score of 7.59. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
SES has a Altman-Z score of 7.59. This is amongst the best in the industry. SES outperforms 89.86% of its industry peers.
SES has a debt to FCF ratio of 1.63. This is a very positive value and a sign of high solvency as it would only need 1.63 years to pay back of all of its debts.
The Debt to FCF ratio of SES (1.63) is better than 87.92% of its industry peers.
A Debt/Equity ratio of 0.70 indicates that SES is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.70, SES is in line with its industry, outperforming 40.58% of the companies in the same industry.
Even though the debt/equity ratio score it not favorable for SES, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 1.63 | ||
| Altman-Z | 7.59 |
ROIC/WACC1.83
WACC8.21%
2.3 Liquidity
SES has a Current Ratio of 1.00. 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 (1.00) is better than 62.32% of its industry peers.
SES has a Quick Ratio of 1.00. This is a bad value and indicates that SES is not financially healthy enough and could expect problems in meeting its short term obligations.
SES's Quick ratio of 0.77 is in line compared to the rest of the industry. SES outperforms 59.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The earnings per share for SES have decreased strongly by -58.25% in the last year.
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.
The Revenue has grown by 45.56% in the past year. This is a very strong growth!
SES shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.44% yearly.
EPS 1Y (TTM)-58.25%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-89.12%
Revenue 1Y (TTM)45.56%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%3.06%
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 -13.61% yearly.
The Revenue is expected to grow by 10.83% 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 Year6.5%
Revenue Next 2Y5.81%
Revenue Next 3Y6.5%
Revenue Next 5Y10.83%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
SES is valuated rather expensively with a Price/Earnings ratio of 20.36.
SES's Price/Earnings is on the same level as the industry average.
SES's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.35.
Based on the Price/Forward Earnings ratio of 14.98, the valuation of SES can be described as correct.
SES's Price/Forward Earnings is on the same level as the industry average.
SES's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.54.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.36 | ||
| Fwd PE | 14.98 |
4.2 Price Multiples
SES's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SES is cheaper than 67.15% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SES is valued cheaply inside the industry as 85.99% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.33 | ||
| EV/EBITDA | 8.45 |
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 -13.61% in the coming years.
PEG (NY)N/A
PEG (5Y)0.17
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 2.48%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.83, SES has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, SES has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
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
SES pays out 15.97% of its income as dividend. This is a sustainable payout ratio.
DP15.97%
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
TSX:SES (7/24/2025, 7:00:00 PM)
16.49
-0.04 (-0.24%)
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 Cap3.63B
Analysts77.14
Price Target17.54 (6.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
Yearly Dividend0.4
Dividend Growth(5Y)7.92%
DP15.97%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-35.15%
Min EPS beat(2)-37.7%
Max EPS beat(2)-32.59%
EPS beat(4)1
Avg EPS beat(4)-1.69%
Min EPS beat(4)-37.7%
Max EPS beat(4)75.52%
EPS beat(8)4
Avg EPS beat(8)118.95%
EPS beat(12)6
Avg EPS beat(12)93.63%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-3.18%
Min Revenue beat(2)-11%
Max Revenue beat(2)4.65%
Revenue beat(4)3
Avg Revenue beat(4)4.67%
Min Revenue beat(4)-11%
Max Revenue beat(4)17.9%
Revenue beat(8)7
Avg Revenue beat(8)4.32%
Revenue beat(12)11
Avg Revenue beat(12)146.93%
Revenue beat(16)15
Avg Revenue beat(16)200.29%
PT rev (1m)-0.29%
PT rev (3m)-7.17%
EPS NQ rev (1m)-12.56%
EPS NQ rev (3m)-17.89%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-2.28%
Revenue NQ rev (3m)-3.73%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.36 | ||
| Fwd PE | 14.98 | ||
| P/S | 0.27 | ||
| P/FCF | 8.33 | ||
| P/OCF | 6.14 | ||
| P/B | 3.72 | ||
| P/tB | 5.72 | ||
| EV/EBITDA | 8.45 |
EPS(TTM)0.81
EY4.91%
EPS(NY)1.1
Fwd EY6.68%
FCF(TTM)1.98
FCFY12%
OCF(TTM)2.68
OCFY16.28%
SpS60.82
BVpS4.43
TBVpS2.88
PEG (NY)N/A
PEG (5Y)0.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 25.75% | ||
| ROE | 63.66% | ||
| ROCE | 19.03% | ||
| ROIC | 14.99% | ||
| ROICexc | 15.16% | ||
| ROICexgc | 18.79% | ||
| OM | 2.54% | ||
| PM (TTM) | 4.64% | ||
| GM | 3.96% | ||
| FCFM | 3.25% |
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 Turnover5.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 1.63 | ||
| Debt/EBITDA | 1.33 | ||
| Cap/Depr | 89.6% | ||
| Cap/Sales | 1.16% | ||
| Interest Coverage | 8.27 | ||
| Cash Conversion | 115.23% | ||
| Profit Quality | 70.16% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 7.59 |
F-Score5
WACC8.21%
ROIC/WACC1.83
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)-58.25%
EPS 3YN/A
EPS 5Y121.24%
EPS Q2Q%-89.12%
EPS Next Y-53.03%
EPS Next 2Y-27.94%
EPS Next 3Y-13.61%
EPS Next 5YN/A
Revenue 1Y (TTM)45.56%
Revenue growth 3Y41.51%
Revenue growth 5Y28.44%
Sales Q2Q%3.06%
Revenue Next Year6.5%
Revenue Next 2Y5.81%
Revenue Next 3Y6.5%
Revenue Next 5Y10.83%
EBIT growth 1Y-2.59%
EBIT growth 3Y40.53%
EBIT growth 5Y62.24%
EBIT Next Year128.59%
EBIT Next 3Y37.61%
EBIT Next 5Y25.93%
FCF growth 1Y55.91%
FCF growth 3Y127.08%
FCF growth 5Y36.82%
OCF growth 1Y44.61%
OCF growth 3Y88.67%
OCF growth 5Y20.38%