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SES AI CORP (SES) Stock Fundamental Analysis

USA - NYSE:SES - US78397Q1094 - Common Stock

2.2099 USD
-0.02 (-0.9%)
Last: 11/6/2025, 3:28:06 PM
Fundamental Rating

3

Taking everything into account, SES scores 3 out of 10 in our fundamental rating. SES was compared to 92 industry peers in the Electrical Equipment industry. No worries on liquidiy or solvency for SES as it has an excellent financial health rating, but there are worries on the profitability. SES does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

SES had negative earnings in the past year.
In the past year SES has reported a negative cash flow from operations.
SES had negative earnings in each of the past 5 years.
In the past 5 years SES always reported negative operating cash flow.
SES Yearly Net Income VS EBIT VS OCF VS FCFSES Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20M -40M -60M -80M -100M

1.2 Ratios

Looking at the Return On Assets, with a value of -34.36%, SES is doing worse than 65.22% of the companies in the same industry.
Looking at the Return On Equity, with a value of -40.05%, SES is in line with its industry, outperforming 53.26% of the companies in the same industry.
Industry RankSector Rank
ROA -34.36%
ROE -40.05%
ROIC N/A
ROA(3y)-18.36%
ROA(5y)-12.85%
ROE(3y)-21.3%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SES Yearly ROA, ROE, ROICSES Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400

1.3 Margins

SES's Gross Margin of 11.34% is on the low side compared to the rest of the industry. SES is outperformed by 71.74% of its industry peers.
SES does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 11.34%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
SES Yearly Profit, Operating, Gross MarginsSES Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5K -10K -15K

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8

2. Health

2.1 Basic Checks

SES does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SES has more shares outstanding
SES has more shares outstanding than it did 5 years ago.
SES has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SES Yearly Shares OutstandingSES Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
SES Yearly Total Debt VS Total AssetsSES Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

SES has an Altman-Z score of 9.94. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of SES (9.94) is better than 92.39% of its industry peers.
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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 9.94
ROIC/WACCN/A
WACC8.74%
SES Yearly LT Debt VS Equity VS FCFSES Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 12.46 indicates that SES has no problem at all paying its short term obligations.
SES has a Current ratio of 12.46. This is amongst the best in the industry. SES outperforms 96.74% of its industry peers.
A Quick Ratio of 12.45 indicates that SES has no problem at all paying its short term obligations.
SES has a Quick ratio of 12.45. This is amongst the best in the industry. SES outperforms 96.74% of its industry peers.
Industry RankSector Rank
Current Ratio 12.46
Quick Ratio 12.45
SES Yearly Current Assets VS Current LiabilitesSES Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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1

3. Growth

3.1 Past

The earnings per share for SES have decreased strongly by -21.74% in the last year.
EPS 1Y (TTM)-21.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%33.33%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

The Earnings Per Share is expected to grow by 26.23% on average over the next years. This is a very strong growth
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y41.35%
EPS Next 2Y24.91%
EPS Next 3Y25.65%
EPS Next 5Y26.23%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
SES Yearly Revenue VS EstimatesSES Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B
SES Yearly EPS VS EstimatesSES Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 0.2 -0.2 0.4 -0.4 0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SES. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SES. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SES Price Earnings VS Forward Price EarningsSES Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SES Per share dataSES EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 0.6

4.3 Compensation for Growth

SES's earnings are expected to grow with 25.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.91%
EPS Next 3Y25.65%

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0

5. Dividend

5.1 Amount

SES does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SES AI CORP

NYSE:SES (11/6/2025, 3:28:06 PM)

2.2099

-0.02 (-0.9%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)02-16 2026-02-16/amc
Inst Owners30.24%
Inst Owner Change-1.11%
Ins Owners1.7%
Ins Owner Change0.15%
Market Cap806.13M
Revenue(TTM)2.04M
Net Income(TTM)-99814000
Analysts74.29
Price Target1.53 (-30.77%)
Short Float %3.06%
Short Ratio0.53
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-26.24%
Min EPS beat(2)-73.27%
Max EPS beat(2)20.79%
EPS beat(4)3
Avg EPS beat(4)-6.44%
Min EPS beat(4)-73.27%
Max EPS beat(4)25.74%
EPS beat(8)7
Avg EPS beat(8)14.93%
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)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)7.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.2%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 70.96
P/FCF N/A
P/OCF N/A
P/B 3.23
P/tB 3.25
EV/EBITDA N/A
EPS(TTM)-0.28
EYN/A
EPS(NY)-0.14
Fwd EYN/A
FCF(TTM)-0.2
FCFYN/A
OCF(TTM)-0.19
OCFYN/A
SpS0.03
BVpS0.68
TBVpS0.68
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -34.36%
ROE -40.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 11.34%
FCFM N/A
ROA(3y)-18.36%
ROA(5y)-12.85%
ROE(3y)-21.3%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 35.85%
Cap/Sales 30.56%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 12.46
Quick Ratio 12.45
Altman-Z 9.94
F-Score4
WACC8.74%
ROIC/WACCN/A
Cap/Depr(3y)331.62%
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)-21.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%33.33%
EPS Next Y41.35%
EPS Next 2Y24.91%
EPS Next 3Y25.65%
EPS Next 5Y26.23%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-31.8%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year35.95%
EBIT Next 3Y28.5%
EBIT Next 5Y26.42%
FCF growth 1Y-17.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-39.54%
OCF growth 3YN/A
OCF growth 5YN/A

SES AI CORP / SES FAQ

What is the fundamental rating for SES stock?

ChartMill assigns a fundamental rating of 3 / 10 to SES.


Can you provide the valuation status for SES AI CORP?

ChartMill assigns a valuation rating of 1 / 10 to SES AI CORP (SES). This can be considered as Overvalued.


What is the profitability of SES stock?

SES AI CORP (SES) has a profitability rating of 0 / 10.


How financially healthy is SES AI CORP?

The financial health rating of SES AI CORP (SES) is 8 / 10.