SESA SPA (SES.MI) Stock Fundamental Analysis
BIT:SES - Euronext Milan - IT0004729759 - Common Stock - Currency: EUR
Overall SES gets a fundamental rating of 6 out of 10. We evaluated SES against 48 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 valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make SES a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year SES was profitable.
In the past year SES had a positive cash flow from operations.
Each year in the past 5 years SES has been profitable.
Each year in the past 5 years SES had a positive operating cash flow.
1.2 Ratios
SES's Return On Assets of 4.68% is fine compared to the rest of the industry. SES outperforms 78.72% of its industry peers.
Looking at the Return On Equity, with a value of 25.44%, SES belongs to the top of the industry, outperforming 97.87% of the companies in the same industry.
SES has a Return On Invested Capital of 13.01%. This is amongst the best in the industry. SES outperforms 91.49% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SES is above the industry average of 6.92%.
The 3 year average ROIC (9.80%) for SES is below the current ROIC(13.01%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.68% | ||
| ROE | 25.44% | ||
| ROIC | 13.01% |
ROA(3y)4.27%
ROA(5y)4.11%
ROE(3y)21.35%
ROE(5y)19.77%
ROIC(3y)9.8%
ROIC(5y)9.34%
1.3 Margins
The Profit Margin of SES (2.33%) is better than 65.96% of its industry peers.
SES's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 4.03%, SES is doing good in the industry, outperforming 61.70% of the companies in the same industry.
In the last couple of years the Operating Margin of SES has grown nicely.
SES has a worse Gross Margin (25.33%) than 74.47% of its industry peers.
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 3Y2.29%
OM growth 5Y5.07%
PM growth 3Y-1.46%
PM growth 5Y5.4%
GM growth 3Y4.82%
GM growth 5Y6.17%
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 about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, SES has about the same amount of shares outstanding.
SES has a worse debt/assets ratio than last year.
2.2 Solvency
SES has an Altman-Z score of 3.04. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
SES's Altman-Z score of 3.04 is fine compared to the rest of the industry. SES outperforms 65.96% 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.
The Debt to FCF ratio of SES (4.70) is better than 70.21% 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 46.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 4.7 | ||
| Altman-Z | 3.04 |
ROIC/WACC1.66
WACC7.84%
2.3 Liquidity
A Current Ratio of 1.22 indicates that SES should not have too much problems paying its short term obligations.
The Current ratio of SES (1.22) is worse than 74.47% 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 (1.10) which is comparable to the rest of the industry.
| 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 -12.37% in the last year.
SES shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.73% yearly.
Looking at the last year, SES shows a small growth in Revenue. The Revenue has grown by 2.92% in the last year.
The Revenue has been growing by 15.50% on average over the past years. This is quite good.
EPS 1Y (TTM)-12.37%
EPS 3Y14.39%
EPS 5Y21.73%
EPS Q2Q%11.86%
Revenue 1Y (TTM)2.92%
Revenue growth 3Y16.09%
Revenue growth 5Y15.5%
Sales Q2Q%11.23%
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 3.48% 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 10.27% on average per year.
EPS Next Y4.43%
EPS Next 2Y9.08%
EPS Next 3Y3.48%
EPS Next 5YN/A
Revenue Next Year6.21%
Revenue Next 2Y6.96%
Revenue Next 3Y5.1%
Revenue Next 5Y10.27%
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 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
SES is valuated reasonably with a Price/Earnings ratio of 11.25.
Based on the Price/Earnings ratio, SES is valued cheaper than 89.36% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, SES is valued rather cheaply.
The Price/Forward Earnings ratio is 10.13, which indicates a very decent valuation of SES.
72.34% of the companies in the same industry are more expensive than SES, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SES to the average of the S&P500 Index (21.76), we can say SES is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.25 | ||
| Fwd PE | 10.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SES is valued cheaply inside the industry as 85.11% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than 65.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.87 | ||
| EV/EBITDA | 4.65 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SES does not grow enough to justify the current Price/Earnings ratio.
SES has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.54
PEG (5Y)0.52
EPS Next 2Y9.08%
EPS Next 3Y3.48%
5. Dividend
5.1 Amount
SES has a Yearly Dividend Yield of 1.18%.
Compared to an average industry Dividend Yield of 2.81, SES has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, SES's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
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
13.98% of the earnings are spent on dividend by SES. This is a low number and sustainable payout ratio.
The dividend of SES is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP13.98%
EPS Next 2Y9.08%
EPS Next 3Y3.48%
BIT:SES (7/11/2025, 7:00:00 PM)
84.4
-0.7 (-0.82%)
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 Cap1.31B
Analysts80
Price Target141.83 (68.05%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
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)-1.36%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.25 | ||
| Fwd PE | 10.13 | ||
| P/S | 0.27 | ||
| P/FCF | 13.87 | ||
| P/OCF | 10.98 | ||
| P/B | 2.95 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.65 |
EPS(TTM)7.5
EY8.89%
EPS(NY)8.34
Fwd EY9.88%
FCF(TTM)6.09
FCFY7.21%
OCF(TTM)7.69
OCFY9.11%
SpS312.6
BVpS28.64
TBVpS-4.69
PEG (NY)2.54
PEG (5Y)0.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.68% | ||
| ROE | 25.44% | ||
| ROCE | 18.78% | ||
| ROIC | 13.01% | ||
| ROICexc | 24.93% | ||
| ROICexgc | 531.39% | ||
| OM | 4.03% | ||
| PM (TTM) | 2.33% | ||
| GM | 25.33% | ||
| FCFM | 1.95% |
ROA(3y)4.27%
ROA(5y)4.11%
ROE(3y)21.35%
ROE(5y)19.77%
ROIC(3y)9.8%
ROIC(5y)9.34%
ROICexc(3y)26.09%
ROICexc(5y)26.56%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)14.81%
ROCE(5y)14.28%
ROICexcg growth 3Y7.85%
ROICexcg growth 5Y35.83%
ROICexc growth 3Y-14.8%
ROICexc growth 5Y-2.7%
OM growth 3Y2.29%
OM growth 5Y5.07%
PM growth 3Y-1.46%
PM growth 5Y5.4%
GM growth 3Y4.82%
GM growth 5Y6.17%
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 | 3.04 |
F-Score6
WACC7.84%
ROIC/WACC1.66
Cap/Depr(3y)40.37%
Cap/Depr(5y)45.63%
Cap/Sales(3y)0.78%
Cap/Sales(5y)0.77%
Profit Quality(3y)142.53%
Profit Quality(5y)179.58%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.37%
EPS 3Y14.39%
EPS 5Y21.73%
EPS Q2Q%11.86%
EPS Next Y4.43%
EPS Next 2Y9.08%
EPS Next 3Y3.48%
EPS Next 5YN/A
Revenue 1Y (TTM)2.92%
Revenue growth 3Y16.09%
Revenue growth 5Y15.5%
Sales Q2Q%11.23%
Revenue Next Year6.21%
Revenue Next 2Y6.96%
Revenue Next 3Y5.1%
Revenue Next 5Y10.27%
EBIT growth 1Y-13.46%
EBIT growth 3Y18.76%
EBIT growth 5Y21.35%
EBIT Next Year45.84%
EBIT Next 3Y18.36%
EBIT Next 5YN/A
FCF growth 1Y-18.11%
FCF growth 3Y-5.07%
FCF growth 5Y41.64%
OCF growth 1Y-13.39%
OCF growth 3Y-2.37%
OCF growth 5Y36.7%