SESA SPA (SES.MI) Stock Fundamental Analysis
BIT:SES - Euronext Milan - IT0004729759 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to SES. SES was compared to 51 industry peers in the Electronic Equipment, Instruments & Components industry. SES has an average financial health and profitability rating. SES is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, SES could be worth investigating further for value 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 the past 5 years SES has always been profitable.
Of the past 5 years SES 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.68%, SES is in the better half of the industry, outperforming 73.58% of the companies in the same industry.
Looking at the Return On Equity, with a value of 25.44%, SES belongs to the top of the industry, outperforming 94.34% of the companies in the same industry.
SES has a better Return On Invested Capital (12.76%) than 90.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.68% | ||
| ROE | 25.44% | ||
| ROIC | 12.76% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 2.33%, SES is in the better half of the industry, outperforming 62.26% of the companies in the same industry.
In the last couple of years the Profit Margin of SES has declined.
SES's Operating Margin of 4.03% is in line compared to the rest of the industry. SES outperforms 54.72% of its industry peers.
In the last couple of years the Operating Margin of SES has grown nicely.
With a Gross Margin value of 25.33%, SES is not doing good in the industry: 77.36% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of SES has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.03% | ||
| PM (TTM) | 2.33% | ||
| GM | 25.33% |
OM growth 3Y-0.51%
OM growth 5Y5.09%
PM growth 3Y-14.65%
PM growth 5Y-2.09%
GM growth 3Y4.88%
GM growth 5Y7.04%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SES is creating some value.
There is no outstanding debt for SES. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 2.95 indicates that SES is not a great score, but indicates only limited risk for bankruptcy at the moment.
SES's Altman-Z score of 2.95 is fine compared to the rest of the industry. SES outperforms 64.15% of its industry peers.
SES has a debt to FCF ratio of 4.70. This is a neutral value as SES would need 4.70 years to pay back of all of its debts.
SES's Debt to FCF ratio of 4.70 is fine compared to the rest of the industry. SES outperforms 62.26% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that SES is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.44, SES is in line with its industry, outperforming 43.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 4.7 | ||
| Altman-Z | 2.95 |
ROIC/WACC1.67
WACC7.66%
2.3 Liquidity
SES has a Current Ratio of 1.22. 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 (1.22) is worse than 73.58% of its industry peers.
SES has a Quick Ratio of 1.10. 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 Quick ratio of 1.10. This is in the better half of the industry: SES outperforms 60.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The earnings per share for SES have decreased strongly by -10.35% 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 10.62% on average per year.
The Revenue has been growing slightly by 3.11% in the past year.
SES shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.77% yearly.
EPS 1Y (TTM)-10.35%
EPS 3Y-5.11%
EPS 5Y10.62%
EPS Q2Q%-7.75%
Revenue 1Y (TTM)3.11%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%7.45%
3.2 Future
Based on estimates for the next years, SES will show a small growth in Earnings Per Share. The EPS will grow by 3.01% on average per year.
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 Y13.94%
EPS Next 2Y3.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.87%
Revenue Next 2Y4.48%
Revenue Next 3Y12.78%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.99, which indicates a very decent valuation of SES.
Based on the Price/Earnings ratio, SES is valued cheaply inside the industry as 94.34% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of SES to the average of the S&P500 Index (26.82), we can say SES is valued rather cheaply.
A Price/Forward Earnings ratio of 7.88 indicates a rather cheap valuation of SES.
SES's Price/Forward Earnings ratio is rather cheap when compared to the industry. SES is cheaper than 83.02% of the companies in the same industry.
SES's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.99 | ||
| Fwd PE | 7.88 |
4.2 Price Multiples
88.68% of the companies in the same industry are more expensive than SES, based on the Enterprise Value to EBITDA ratio.
SES's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SES is cheaper than 69.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.79 | ||
| EV/EBITDA | 3.54 |
4.3 Compensation for Growth
SES's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SES may justify a higher PE ratio.
PEG (NY)0.64
PEG (5Y)0.85
EPS Next 2Y3.01%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 1.51%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.92, SES has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.39, SES is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.51% |
5.2 History
The dividend of SES is nicely growing with an annual growth rate of 8.92%!
Dividend Growth(5Y)8.92%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SES pays out 13.98% of its income as dividend. This is a sustainable payout ratio.
SES's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP13.98%
EPS Next 2Y3.01%
EPS Next 3YN/A
BIT:SES (8/1/2025, 7:00:00 PM)
65.7
-0.6 (-0.9%)
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 Cap1.02B
Analysts80
Price Target141.83 (115.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.51% |
Yearly Dividend1
Dividend Growth(5Y)8.92%
DP13.98%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.57%
Revenue NY rev (3m)-3.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.99 | ||
| Fwd PE | 7.88 | ||
| P/S | 0.21 | ||
| P/FCF | 10.79 | ||
| P/OCF | 8.55 | ||
| P/B | 2.29 | ||
| P/tB | N/A | ||
| EV/EBITDA | 3.54 |
EPS(TTM)7.31
EY11.13%
EPS(NY)8.34
Fwd EY12.69%
FCF(TTM)6.09
FCFY9.26%
OCF(TTM)7.69
OCFY11.7%
SpS312.6
BVpS28.64
TBVpS-4.69
PEG (NY)0.64
PEG (5Y)0.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.68% | ||
| ROE | 25.44% | ||
| ROCE | 18.78% | ||
| ROIC | 12.76% | ||
| ROICexc | 24.46% | ||
| ROICexgc | 521.46% | ||
| OM | 4.03% | ||
| PM (TTM) | 2.33% | ||
| GM | 25.33% | ||
| FCFM | 1.95% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-0.51%
OM growth 5Y5.09%
PM growth 3Y-14.65%
PM growth 5Y-2.09%
GM growth 3Y4.88%
GM growth 5Y7.04%
F-Score6
Asset Turnover2.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 4.7 | ||
| Debt/EBITDA | 0.72 | ||
| Cap/Depr | 32.02% | ||
| Cap/Sales | 0.51% | ||
| Interest Coverage | 4.38 | ||
| Cash Conversion | 43.72% | ||
| Profit Quality | 83.54% | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 2.95 |
F-Score6
WACC7.66%
ROIC/WACC1.67
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.35%
EPS 3Y-5.11%
EPS 5Y10.62%
EPS Q2Q%-7.75%
EPS Next Y13.94%
EPS Next 2Y3.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.11%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%7.45%
Revenue Next Year3.87%
Revenue Next 2Y4.48%
Revenue Next 3Y12.78%
Revenue Next 5Y10.28%
EBIT growth 1Y-13.46%
EBIT growth 3Y10.24%
EBIT growth 5Y18.51%
EBIT Next Year60.72%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.71%
OCF growth 3YN/A
OCF growth 5YN/A