Financials Secure Energy Services Inc.

Equities

SES

CA81373C1023

Oil & Gas Transportation Services

Market Closed - Toronto S.E. 04:00:00 2024-07-12 pm EDT 5-day change 1st Jan Change
11.6 CAD -0.85% Intraday chart for Secure Energy Services Inc. -2.77% +23.01%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 794.3 390.2 1,621 2,179 2,726 3,052 - -
Enterprise Value (EV) 1 1,288 817.8 2,927 3,198 3,816 3,322 3,330 3,896
P/E ratio - -4.47 x -6.05 x 11.9 x 14.5 x 5.64 x 15.2 x 12.6 x
Yield 5.34% 4.47% 0.57% 1.74% 4.24% 3.45% 3.51% 3.53%
Capitalization / Revenue 0.26 x 0.21 x 1.82 x 1.42 x 1.66 x 2.53 x 2.49 x 2.45 x
EV / Revenue 0.42 x 0.45 x 3.28 x 2.08 x 2.32 x 2.75 x 2.72 x 3.13 x
EV / EBITDA 7.15 x 6 x 10.2 x 5.74 x 6.47 x 7.21 x 6.92 x 7.87 x
EV / FCF 20.8 x 24.3 x 23.2 x 10.2 x 14.1 x 12.9 x 13.9 x 11.6 x
FCF Yield 4.8% 4.12% 4.3% 9.85% 7.1% 7.73% 7.22% 8.62%
Price to Book 1.02 x 0.57 x 1.47 x 1.72 x 2.29 x 2.44 x 2.27 x -
Nbr of stocks (in thousands) 156,980 158,630 308,152 309,992 289,100 263,108 - -
Reference price 2 5.060 2.460 5.260 7.030 9.430 11.60 11.60 11.60
Announcement Date 2/24/20 2/25/21 3/2/22 3/2/23 2/26/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,072 1,824 893 1,534 1,647 1,207 1,224 1,246
EBITDA 1 180.2 136.2 286 557 590 460.7 481.5 495
EBIT 1 24.19 -84.96 -210 379 387 757 306 311
Operating Margin 0.79% -4.66% -23.52% 24.71% 23.5% 62.72% 24.99% 24.95%
Earnings before Tax (EBT) 1 -0.723 -109.8 -273 - 257 729.5 261.4 236
Net income 1 1.6 -85.21 -203 184 195 548.2 189.4 200.5
Net margin 0.05% -4.67% -22.73% 11.99% 11.84% 45.42% 15.47% 16.09%
EPS 2 - -0.5500 -0.8700 0.5900 0.6500 2.058 0.7625 0.9200
Free Cash Flow 1 61.88 33.7 126 315 271 256.7 240.3 336
FCF margin 2.01% 1.85% 14.11% 20.53% 16.45% 21.27% 19.63% 26.96%
FCF Conversion (EBITDA) 34.34% 24.74% 44.06% 56.55% 45.93% 55.72% 49.91% 67.88%
FCF Conversion (Net income) 3,867.5% - - 171.2% 138.97% 46.82% 126.91% 167.58%
Dividend per Share 2 0.2700 0.1100 0.0300 0.1225 0.4000 0.4000 0.4067 0.4100
Announcement Date 2/24/20 2/25/21 3/2/22 3/2/23 2/26/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 327 359 355 419 401 416 353 427 451 360 - - - - -
EBITDA 1 111 126 127 154 150 151 119 158 162 132 98.57 116.5 117.5 125.2 101.8
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income -166 38 54 60 32 55 - - - - - - - - -
Net margin -50.76% 10.58% 15.21% 14.32% 7.98% 13.22% - - - - - - - - -
EPS 2 -0.5400 0.1200 0.1700 0.1900 0.1000 0.1800 0.1100 0.1600 0.2000 1.470 0.1200 0.1800 0.1800 0.2400 0.1600
Dividend per Share 0.007500 0.007500 0.007500 0.007500 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 - - - - -
Announcement Date 3/2/22 4/28/22 7/27/22 11/2/22 3/2/23 4/27/23 7/27/23 11/1/23 2/26/24 4/25/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 494 428 1,306 1,019 1,090 270 278 844
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.741 x 3.139 x 4.566 x 1.829 x 1.847 x 0.5853 x 0.5774 x 1.705 x
Free Cash Flow 1 61.9 33.7 126 315 271 257 240 336
ROE (net income / shareholders' equity) 0.2% -11.6% -18% 15.5% - 14.5% 14.7% -
ROA (Net income/ Total Assets) 0.1% -5.55% -9.41% 6.37% - - - -
Assets 1 1,616 1,536 2,157 2,888 - - - -
Book Value Per Share 2 4.980 4.310 3.590 4.090 4.120 4.750 5.110 -
Cash Flow per Share 2 0.9600 0.6600 0.7500 1.290 1.580 1.430 1.550 1.720
Capex 1 135 71.3 43 96 203 142 131 131
Capex / Sales 4.38% 3.91% 4.82% 6.26% 12.33% 11.78% 10.68% 10.51%
Announcement Date 2/24/20 2/25/21 3/2/22 3/2/23 2/26/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
11.6 CAD
Average target price
13.62 CAD
Spread / Average Target
+17.46%
Consensus
  1. Stock Market
  2. Equities
  3. SES Stock
  4. Financials Secure Energy Services Inc.