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SES AI CORP (SES) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:SES - US78397Q1094 - Common Stock

2.31 USD
+0.15 (+6.94%)
Last: 1/16/2026, 8:04:00 PM
2.3185 USD
+0.01 (+0.37%)
After Hours: 1/16/2026, 8:04:00 PM
Fundamental Rating

2

SES gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 91 industry peers in the Electrical Equipment industry. While SES seems to be doing ok healthwise, there are quite some concerns on its profitability. SES has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

1

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.
  • In the past 5 years SES always reported negative net income.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20M -40M -60M -80M -100M

1.2 Ratios

  • The Return On Assets of SES (-31.36%) is worse than 61.54% of its industry peers.
  • SES has a Return On Equity of -39.68%. This is comparable to the rest of the industry: SES outperforms 50.55% of 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

  • SES's Gross Margin of 65.38% is amongst the best of the industry. SES outperforms 98.90% 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 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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6

2. Health

2.1 Basic Checks

  • SES does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • SES has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for SES has been increased compared to 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 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 5.92. This indicates that SES is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 5.92, SES belongs to the top of the industry, outperforming 80.22% of the companies in the same industry.
  • A Debt/Equity ratio of 0.01 indicates that SES is not too dependend on debt financing.
  • SES has a better Debt to Equity ratio (0.01) than 81.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 5.92
ROIC/WACCN/A
WACC8.81%
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.
  • SES has a better Current ratio (8.23) than 91.21% of its industry peers.
  • A Quick Ratio of 8.09 indicates that SES has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 8.09, SES belongs to the best of the industry, outperforming 94.51% of the companies in the same industry.
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

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1

3. Growth

3.1 Past

  • SES shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.74%.
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 Y28.32%
EPS Next 2Y17.51%
EPS Next 3Y23.91%
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 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

  • SES reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year SES is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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

  • A more expensive valuation may be justified as SES's earnings are expected to grow with 23.91% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y17.51%
EPS Next 3Y23.91%

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0

5. Dividend

5.1 Amount

  • No dividends for SES!.
Industry RankSector Rank
Dividend Yield 0%

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SES AI CORP

NYSE:SES (1/16/2026, 8:04:00 PM)

After market: 2.3185 +0.01 (+0.37%)

2.31

+0.15 (+6.94%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-05
Earnings (Next)02-16
Inst Owners26.27%
Inst Owner Change-0.01%
Ins Owners1.7%
Ins Owner Change0.17%
Market Cap843.31M
Revenue(TTM)18.48M
Net Income(TTM)-90.55M
Analysts74.29
Price Target3.06 (32.47%)
Short Float %3.28%
Short Ratio0.95
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)100%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-66.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-22.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)19.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)12.52%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 45.64
P/FCF N/A
P/OCF N/A
P/B 3.7
P/tB 3.96
EV/EBITDA N/A
EPS(TTM)-0.28
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 5.92
F-Score5
WACC8.81%
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 Y28.32%
EPS Next 2Y17.51%
EPS Next 3Y23.91%
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 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 2 / 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.