SESA SPA (SES.MI) Stock Fundamental Analysis
Europe - BIT:SES - IT0004729759 - Common Stock
94.5 EUR
-0.65 (-0.68%)
Taking everything into account, SES scores 6 out of 10 in our fundamental rating. SES was compared to 52 industry peers in the Electronic Equipment, Instruments & Components industry. While SES belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SES is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SES was profitable.
SES had a positive operating cash flow in the past year.
In the past 5 years SES has always been profitable.
In the past 5 years SES always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.86%, SES belongs to the top of the industry, outperforming 82.69% of the companies in the same industry.
The Return On Equity of SES (24.47%) is better than 98.08% of its industry peers.
SES's Return On Invested Capital of 11.24% is amongst the best of the industry. SES outperforms 94.23% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SES is above the industry average of 6.34%.
The last Return On Invested Capital (11.24%) for SES is above the 3 year average (8.40%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 24.47% | ||
| ROIC | 11.24% |
ROA(3y)3.62%
ROA(5y)3.97%
ROE(3y)18.23%
ROE(5y)19.35%
ROIC(3y)8.4%
ROIC(5y)8.99%
1.3 Margins
Looking at the Profit Margin, with a value of 2.20%, SES is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
SES's Profit Margin has declined in the last couple of years.
SES's Operating Margin of 3.96% is fine compared to the rest of the industry. SES outperforms 61.54% of its industry peers.
In the last couple of years the Operating Margin of SES has remained more or less at the same level.
SES has a Gross Margin of 25.92%. This is in the lower half of the industry: SES underperforms 73.08% of its industry peers.
SES's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.96% | ||
| PM (TTM) | 2.2% | ||
| GM | 25.92% |
OM growth 3Y-6.32%
OM growth 5Y1.36%
PM growth 3Y-14.65%
PM growth 5Y-2.09%
GM growth 3Y4.88%
GM growth 5Y7.04%
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.
SES has less shares outstanding than it did 1 year ago.
SES has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SES has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.41 indicates that SES is not in any danger for bankruptcy at the moment.
The Altman-Z score of SES (3.41) is better than 71.15% of its industry peers.
SES has a debt to FCF ratio of 5.06. This is a neutral value as SES would need 5.06 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.06, SES is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
A Debt/Equity ratio of 0.79 indicates that SES is somewhat dependend on debt financing.
SES has a worse Debt to Equity ratio (0.79) than 67.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 5.06 | ||
| Altman-Z | 3.41 |
ROIC/WACC1.38
WACC8.12%
2.3 Liquidity
SES has a Current Ratio of 1.29. 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 1.29, SES is doing worse than 67.31% of the companies in the same industry.
SES has a Quick Ratio of 1.17. This is a normal value and indicates that SES is financially healthy and should not expect problems in meeting its short term obligations.
SES has a better Quick ratio (1.17) than 63.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
The earnings per share for SES have decreased strongly by -10.91% in the last year.
Measured over the past years, SES shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.41% on average per year.
The Revenue has been growing slightly by 3.11% in the past year.
Measured over the past years, SES shows a quite strong growth in Revenue. The Revenue has been growing by 12.77% on average per year.
EPS 1Y (TTM)-10.91%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%-9.55%
Revenue 1Y (TTM)3.11%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%7.45%
3.2 Future
The Earnings Per Share is expected to grow by 3.47% on average over the next years.
Based on estimates for the next years, SES will show a quite strong growth in Revenue. The Revenue will grow by 10.28% on average per year.
EPS Next Y-3.32%
EPS Next 2Y3.11%
EPS Next 3Y3.47%
EPS Next 5YN/A
Revenue Next Year4.07%
Revenue Next 2Y4.65%
Revenue Next 3Y4.91%
Revenue Next 5Y10.28%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.02 indicates a correct valuation of SES.
86.54% of the companies in the same industry are more expensive than SES, based on the Price/Earnings ratio.
SES is valuated cheaply when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.36, SES is valued correctly.
Based on the Price/Forward Earnings ratio, SES is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, SES is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.02 | ||
| Fwd PE | 13.36 |
4.2 Price Multiples
84.62% of the companies in the same industry are more expensive than SES, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SES is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.42 | ||
| EV/EBITDA | 4.57 |
4.3 Compensation for Growth
SES has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.25
EPS Next 2Y3.11%
EPS Next 3Y3.47%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 1.20%. Purely for dividend investing, there may be better candidates out there.
SES's Dividend Yield is comparable with the industry average which is at 2.88.
Compared to an average S&P500 Dividend Yield of 2.38, SES's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
5.2 History
The dividend of SES is nicely growing with an annual growth rate of 8.18%!
Dividend Growth(5Y)8.18%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SES pays out 14.20% of its income as dividend. This is a sustainable payout ratio.
The dividend of SES is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP14.2%
EPS Next 2Y3.11%
EPS Next 3Y3.47%
BIT:SES (9/19/2025, 7:00:00 PM)
94.5
-0.65 (-0.68%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners31.01%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.45B
Analysts82.5
Price Target109.42 (15.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
Yearly Dividend1.01
Dividend Growth(5Y)8.18%
DP14.2%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-9.11%
PT rev (3m)-22.85%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-15.15%
EPS NY rev (3m)-15.15%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)-3.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.02 | ||
| Fwd PE | 13.36 | ||
| P/S | 0.29 | ||
| P/FCF | 15.42 | ||
| P/OCF | 12.37 | ||
| P/B | 3.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.57 |
EPS(TTM)7.26
EY7.68%
EPS(NY)7.07
Fwd EY7.48%
FCF(TTM)6.13
FCFY6.49%
OCF(TTM)7.64
OCFY8.09%
SpS323.82
BVpS29.07
TBVpS-5.55
PEG (NY)N/A
PEG (5Y)1.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 24.47% | ||
| ROCE | 18% | ||
| ROIC | 11.24% | ||
| ROICexc | 21.29% | ||
| ROICexgc | 137.09% | ||
| OM | 3.96% | ||
| PM (TTM) | 2.2% | ||
| GM | 25.92% | ||
| FCFM | 1.89% |
ROA(3y)3.62%
ROA(5y)3.97%
ROE(3y)18.23%
ROE(5y)19.35%
ROIC(3y)8.4%
ROIC(5y)8.99%
ROICexc(3y)17.81%
ROICexc(5y)23.84%
ROICexgc(3y)145.91%
ROICexgc(5y)N/A
ROCE(3y)13.17%
ROCE(5y)13.97%
ROICexcg growth 3YN/A
ROICexcg growth 5Y15.12%
ROICexc growth 3Y-28.63%
ROICexc growth 5Y-11.45%
OM growth 3Y-6.32%
OM growth 5Y1.36%
PM growth 3Y-14.65%
PM growth 5Y-2.09%
GM growth 3Y4.88%
GM growth 5Y7.04%
F-Score6
Asset Turnover2.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 5.06 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 28.15% | ||
| Cap/Sales | 0.47% | ||
| Interest Coverage | 3.71 | ||
| Cash Conversion | 41.97% | ||
| Profit Quality | 86.18% | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 3.41 |
F-Score6
WACC8.12%
ROIC/WACC1.38
Cap/Depr(3y)34.94%
Cap/Depr(5y)40.36%
Cap/Sales(3y)0.75%
Cap/Sales(5y)0.78%
Profit Quality(3y)135.35%
Profit Quality(5y)165.8%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.91%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%-9.55%
EPS Next Y-3.32%
EPS Next 2Y3.11%
EPS Next 3Y3.47%
EPS Next 5YN/A
Revenue 1Y (TTM)3.11%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%7.45%
Revenue Next Year4.07%
Revenue Next 2Y4.65%
Revenue Next 3Y4.91%
Revenue Next 5Y10.28%
EBIT growth 1Y-9.76%
EBIT growth 3Y3.81%
EBIT growth 5Y14.31%
EBIT Next Year60.72%
EBIT Next 3Y19.43%
EBIT Next 5YN/A
FCF growth 1Y-15.98%
FCF growth 3Y-9.53%
FCF growth 5Y2.42%
OCF growth 1Y-14.81%
OCF growth 3Y-6.94%
OCF growth 5Y4.24%