SESA SPA (SES.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SES - IT0004729759 - Common Stock
92.325 EUR
+0.17 (+0.19%)
We assign a fundamental rating of 6 out of 10 to SES. SES was compared to 52 industry peers in the Electronic Equipment, Instruments & Components industry. SES has an excellent profitability rating, but 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
SES had positive earnings in the past year.
In the past year SES had a positive cash flow from operations.
Each year in the past 5 years SES has been profitable.
In the past 5 years SES always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SES (4.90%) is better than 78.85% of its industry peers.
SES's Return On Equity of 23.60% is amongst the best of the industry. SES outperforms 94.23% of its industry peers.
SES has a better Return On Invested Capital (12.76%) than 94.23% of its industry peers.
SES had an Average Return On Invested Capital over the past 3 years of 8.40%. This is in line with the industry average of 7.50%.
The last Return On Invested Capital (12.76%) for SES is above the 3 year average (8.40%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 23.6% | ||
| ROIC | 12.76% |
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 2.18%, SES is in the better half of the industry, outperforming 67.31% of the companies in the same industry.
In the last couple of years the Profit Margin of SES has declined.
Looking at the Operating Margin, with a value of 3.91%, SES is in the better half of the industry, outperforming 63.46% of the companies in the same industry.
In the last couple of years the Operating Margin of SES has remained more or less at the same level.
Looking at the Gross Margin, with a value of 25.88%, SES is doing worse than 78.85% of the companies in the same industry.
In the last couple of years the Gross Margin of SES has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.91% | ||
| PM (TTM) | 2.18% | ||
| GM | 25.88% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SES is creating some value.
Compared to 1 year ago, SES has less shares outstanding
Compared to 5 years ago, SES has less shares outstanding
Compared to 1 year ago, SES has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.43 indicates that SES is not in any danger for bankruptcy at the moment.
SES has a Altman-Z score of 3.43. This is in the better half of the industry: SES outperforms 65.38% of its industry peers.
SES has a debt to FCF ratio of 4.25. This is a neutral value as SES would need 4.25 years to pay back of all of its debts.
SES's Debt to FCF ratio of 4.25 is fine compared to the rest of the industry. SES outperforms 63.46% of its industry peers.
SES has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.43, SES perfoms like the industry average, outperforming 40.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 4.25 | ||
| Altman-Z | 3.43 |
ROIC/WACC1.58
WACC8.08%
2.3 Liquidity
A Current Ratio of 1.25 indicates that SES should not have too much problems paying its short term obligations.
SES has a worse Current ratio (1.25) than 67.31% of its industry peers.
SES has a Quick Ratio of 1.08. 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 Quick ratio, with a value of 1.08, SES is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
SES shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.60%.
The Earnings Per Share has been growing by 10.41% on average over the past years. This is quite good.
SES shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.57%.
The Revenue has been growing by 12.77% on average over the past years. This is quite good.
EPS 1Y (TTM)3.6%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%16.05%
Revenue 1Y (TTM)9.57%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%11.96%
3.2 Future
The Earnings Per Share is expected to grow by 5.09% on average over the next years.
The Revenue is expected to grow by 10.28% on average over the next years. This is quite good.
EPS Next Y-5.47%
EPS Next 2Y2.37%
EPS Next 3Y5.09%
EPS Next 5YN/A
Revenue Next Year4.92%
Revenue Next 2Y5.05%
Revenue Next 3Y5.08%
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
SES is valuated correctly with a Price/Earnings ratio of 12.20.
92.31% of the companies in the same industry are more expensive than SES, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.17. SES is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 12.04 indicates a correct valuation of SES.
Based on the Price/Forward Earnings ratio, SES is valued a bit cheaper than 71.15% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SES to the average of the S&P500 Index (23.79), we can say SES is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.2 | ||
| Fwd PE | 12.04 |
4.2 Price Multiples
86.54% of the companies in the same industry are more expensive than SES, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, SES is valued a bit cheaper than 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.35 | ||
| EV/EBITDA | 4.73 |
4.3 Compensation for Growth
The decent profitability rating of SES may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.17
EPS Next 2Y2.37%
EPS Next 3Y5.09%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.11%, SES has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.57, SES has a dividend in line with its industry peers.
With a Dividend Yield of 1.11, SES pays less dividend than the S&P500 average, which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
5.2 History
On average, the dividend of SES grows each year by 8.18%, which is quite nice.
Dividend Growth(5Y)8.18%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SES pays out 13.26% 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.
DP13.26%
EPS Next 2Y2.37%
EPS Next 3Y5.09%
BIT:SES (1/7/2026, 11:11:42 AM)
92.325
+0.17 (+0.19%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners29.63%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.42B
Revenue(TTM)5.20B
Net Income(TTM)109.44M
Analysts87.5
Price Target117.3 (27.05%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
Yearly Dividend1.01
Dividend Growth(5Y)8.18%
DP13.26%
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)0.86%
PT rev (3m)0.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.11%
EPS NY rev (3m)0.07%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.81%
Revenue NY rev (3m)0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.2 | ||
| Fwd PE | 12.04 | ||
| P/S | 0.28 | ||
| P/FCF | 14.35 | ||
| P/OCF | 11.89 | ||
| P/B | 3.05 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.73 |
EPS(TTM)7.57
EY8.2%
EPS(NY)7.67
Fwd EY8.3%
FCF(TTM)6.44
FCFY6.97%
OCF(TTM)7.77
OCFY8.41%
SpS327.81
BVpS30.23
TBVpS-4.48
PEG (NY)N/A
PEG (5Y)1.17
Graham Number71.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 23.6% | ||
| ROCE | 18.77% | ||
| ROIC | 12.76% | ||
| ROICexc | 24.35% | ||
| ROICexgc | 820.18% | ||
| OM | 3.91% | ||
| PM (TTM) | 2.18% | ||
| GM | 25.88% | ||
| FCFM | 1.96% |
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%
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover2.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 4.25 | ||
| Debt/EBITDA | 0.71 | ||
| Cap/Depr | 23.96% | ||
| Cap/Sales | 0.41% | ||
| Interest Coverage | 3.89 | ||
| Cash Conversion | 42.27% | ||
| Profit Quality | 90.21% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 3.43 |
F-Score5
WACC8.08%
ROIC/WACC1.58
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)3.6%
EPS 3Y-5.42%
EPS 5Y10.41%
EPS Q2Q%16.05%
EPS Next Y-5.47%
EPS Next 2Y2.37%
EPS Next 3Y5.09%
EPS Next 5YN/A
Revenue 1Y (TTM)9.57%
Revenue growth 3Y10.81%
Revenue growth 5Y12.77%
Sales Q2Q%11.96%
Revenue Next Year4.92%
Revenue Next 2Y5.05%
Revenue Next 3Y5.08%
Revenue Next 5Y10.28%
EBIT growth 1Y-8.12%
EBIT growth 3Y3.81%
EBIT growth 5Y14.31%
EBIT Next Year51.4%
EBIT Next 3Y20.51%
EBIT Next 5YN/A
FCF growth 1Y-15.29%
FCF growth 3Y-9.53%
FCF growth 5Y2.42%
OCF growth 1Y-12.94%
OCF growth 3Y-6.94%
OCF growth 5Y4.24%
SESA SPA / SES.MI FAQ
What is the fundamental rating for SES stock?
ChartMill assigns a fundamental rating of 6 / 10 to SES.MI.
What is the valuation status of SESA SPA (SES.MI) stock?
ChartMill assigns a valuation rating of 6 / 10 to SESA SPA (SES.MI). This can be considered as Fairly Valued.
What is the profitability of SES stock?
SESA SPA (SES.MI) has a profitability rating of 7 / 10.
What is the financial health of SESA SPA (SES.MI) stock?
The financial health rating of SESA SPA (SES.MI) is 6 / 10.
Is the dividend of SESA SPA sustainable?
The dividend rating of SESA SPA (SES.MI) is 4 / 10 and the dividend payout ratio is 13.26%.