SES AI CORP (SES) Fundamental Analysis & Valuation

NYSE:SES • US78397Q1094

1.13 USD
+0.05 (+4.63%)
At close: Mar 6, 2026
1.12 USD
-0.01 (-0.88%)
Pre-Market: 3/9/2026, 6:19:35 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This SES fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

SES gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 91 industry peers in the Electrical Equipment industry. SES scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SES has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

1

1. SES Profitability Analysis

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.
  • SES had a negative operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20M -40M -60M -80M -100M

1.2 Ratios

  • SES has a Return On Assets of -31.36%. This is in the lower half of the industry: SES underperforms 62.64% of its industry peers.
  • SES has a Return On Equity (-39.68%) which is in line with its industry peers.
Industry RankSector Rank
ROA -31.36%
ROE -39.68%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 -400

1.3 Margins

  • The Gross Margin of SES (65.38%) is better than 100.00% of its industry peers.
  • The Profit Margin and Operating Margin are not available for SES so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 65.38%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5K -10K -15K

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. SES Health Analysis

2.1 Basic Checks

  • SES does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • 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.
SES Yearly Shares OutstandingSES Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • SES has an Altman-Z score of 2.20. This is not the best score and indicates that SES is in the grey zone with still only limited risk for bankruptcy at the moment.
  • SES's Altman-Z score of 2.20 is fine compared to the rest of the industry. SES outperforms 61.54% of its industry peers.
  • SES has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of SES (0.01) is better than 83.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 2.2
ROIC/WACCN/A
WACC8.79%
SES Yearly LT Debt VS Equity VS FCFSES Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 8.23 indicates that SES has no problem at all paying its short term obligations.
  • The Current ratio of SES (8.23) is better than 92.31% of its industry peers.
  • SES has a Quick Ratio of 8.09. This indicates that SES is financially healthy and has no problem in meeting its short term obligations.
  • SES has a Quick ratio of 8.09. This is amongst the best in the industry. SES outperforms 95.60% of its industry peers.
Industry RankSector Rank
Current Ratio 8.23
Quick Ratio 8.09
SES Yearly Current Assets VS Current LiabilitesSES Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. SES Growth Analysis

3.1 Past

  • SES shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.26%, which is quite impressive.
EPS 1Y (TTM)32.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%63.64%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

  • Based on estimates for the next years, SES will show a very negative growth in Earnings Per Share. The EPS will decrease by -22.77% on average per year.
  • SES is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 135.84% yearly.
EPS Next Y8.62%
EPS Next 2Y36.22%
EPS Next 3Y46.37%
EPS Next 5Y-22.77%
Revenue Next Year131.04%
Revenue Next 2Y150.21%
Revenue Next 3Y142.78%
Revenue Next 5Y135.84%

3.3 Evolution

SES Yearly Revenue VS EstimatesSES Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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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Find the best growth stocksShow best growing peers

1

4. SES Valuation Analysis

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 20 40 60 80

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 46.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.22%
EPS Next 3Y46.37%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. SES Dividend Analysis

5.1 Amount

  • SES does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

SES Fundamentals: All Metrics, Ratios and Statistics

SES AI CORP

NYSE:SES (3/6/2026, 8:04:00 PM)

Premarket: 1.12 -0.01 (-0.88%)

1.13

+0.05 (+4.63%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-04
Earnings (Next)04-01
Inst Owners33.32%
Inst Owner Change20.99%
Ins Owners1.53%
Ins Owner Change-0.42%
Market Cap412.53M
Revenue(TTM)N/A
Net Income(TTM)-90.55M
Analysts74.29
Price Target3.06 (170.8%)
Short Float %5.12%
Short Ratio2.12
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)0
Avg EPS beat(2)-85.64%
Min EPS beat(2)-98.02%
Max EPS beat(2)-73.27%
EPS beat(4)2
Avg EPS beat(4)-37.38%
Min EPS beat(4)-98.02%
Max EPS beat(4)20.79%
EPS beat(8)6
Avg EPS beat(8)-4.87%
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)1
Avg Revenue beat(2)13.19%
Min Revenue beat(2)-19.42%
Max Revenue beat(2)45.8%
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)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 22.33
P/FCF N/A
P/OCF N/A
P/B 1.81
P/tB 1.94
EV/EBITDA N/A
EPS(TTM)-0.21
EYN/A
EPS(NY)-0.19
Fwd EYN/A
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)-0.17
OCFYN/A
SpS0.05
BVpS0.63
TBVpS0.58
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -31.36%
ROE -39.68%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 65.38%
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-Score5
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 23.59%
Cap/Sales 12.87%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 8.23
Quick Ratio 8.09
Altman-Z 2.2
F-Score5
WACC8.79%
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)32.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%63.64%
EPS Next Y8.62%
EPS Next 2Y36.22%
EPS Next 3Y46.37%
EPS Next 5Y-22.77%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year131.04%
Revenue Next 2Y150.21%
Revenue Next 3Y142.78%
Revenue Next 5Y135.84%
EBIT growth 1Y4.05%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year38.23%
EBIT Next 3Y28.48%
EBIT Next 5Y26.42%
FCF growth 1Y9.05%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-14.58%
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.


What is the valuation status of SES AI CORP (SES) stock?

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 1 / 10.


What is the financial health of SES AI CORP (SES) stock?

The financial health rating of SES AI CORP (SES) is 6 / 10.