SECURE Waste Infrastructure(SES)株式概要セキュア・ウエイスト・インフラストラクチャー社は、主にカナダと米国で廃棄物管理とエネルギー・インフラ事業に従事している。 詳細SES ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長4/6過去の実績3/6財務の健全性2/6配当金4/6報酬当社が推定した公正価値より66.2%で取引されている 収益は年間27.42%増加すると予測されています リスク分析負債は営業キャッシュフローで十分にカバーされていない 1.94%の配当はフリーキャッシュフローで十分にカバーされていない 過去3か月間に大規模なインサイダー売却が発生 すべてのリスクチェックを見るSES Community Fair Values Create NarrativeSee what 48 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN9.0% overvaluedAnalystConsensusTarget•7mo agoProduced Water Disposal And Metals Recycling Will Fuel Canadian Success213029Top Analyst NarrativesSECURE Waste InfrastructureANAnalystConsensusTargetBased on Analyst Price TargetsProduced Water Disposal And Metals Recycling Will Fuel Canadian SuccessKey Takeaways Long-term contracts, technology investment, and strategic acquisitions enhance recurring revenue, pricing power, and operational efficiency amid robust industrial demand. Regulatory pressures and high-barrier assets drive market share gains, premium pricing, and improved cash flow through differentiated waste management solutions.View narrativeCA$19.92FV9.0% 割高 内在価値ディスカウント-65.07%Revenue growth p.a.Set Fair ValueView213users have viewed this narrative0users have liked this narrative0users have commented on this narrative29users have followed this narrative7 months ago author updated this narrativeView all narrativesSECURE Waste Infrastructure Corp. 競合他社Spartan DeltaSymbol: TSX:SDEMarket cap: CA$2.9bParamount ResourcesSymbol: TSX:POUMarket cap: CA$4.8bTidewater RenewablesSymbol: TSX:LCFSMarket cap: CA$475.6mInternational PetroleumSymbol: TSX:IPCOMarket cap: CA$4.4b価格と性能株価の高値、安値、推移の概要SECURE Waste Infrastructure過去の株価現在の株価CA$21.7052週高値CA$23.9052週安値CA$14.02ベータ0.751ヶ月の変化-4.70%3ヶ月変化13.08%1年変化52.28%3年間の変化256.91%5年間の変化415.44%IPOからの変化600.00%最新ニュースライブニュース • May 16ISS and Glass Lewis Back SECURE Waste Infrastructure Shareholder Approval of GFL DealInstitutional Shareholder Services (ISS) and Glass Lewis have both recommended that SECURE Waste Infrastructure shareholders vote "FOR" the proposed transaction with GFL Environmental Inc. The proposed deal, unanimously approved by SECURE’s Board and Special Committee, would see GFL acquire all issued SECURE common shares through a mix of subordinate voting shares and cash. Shareholders have until May 25, 2026, to cast their votes on a transaction the company describes as offering a premium valuation with immediate cash value and ongoing participation in the combined business. The dual endorsement from ISS and Glass Lewis adds external support to the board’s unanimous approval and may influence how many institutional and retail investors approach the upcoming vote. You may want to review the mix of cash and GFL shares on offer, as well as your preferred exposure to the combined company, before deciding how to vote ahead of the May 25 deadline.お知らせ • Apr 22Abrams Capital Intends to Vote Against Business ArrangementOn April 20, 2026, Abrams Capital Management LP announced that it may engage in discussions with other shareholders or representatives of Secure Waste Infrastructure Corp. concerning, among other things, the proposed transaction with GFL Environmental Inc., pursuant to which GFL would acquire all of the outstanding shares of Company by way of a shareholder approved and court approved plan of arrangement, and the business or strategy of Company, including potential changes to the foregoing; and/or take any other such actions with respect to Secure as Abrams Capital may from time to time deem appropriate. In addition, Abrams Capital believes Company is a uniquely well-positioned business with significant long-term potential under its current management team and does not believe that the arrangement is in the best interests of Company and its shareholders and intends to vote against it.お知らせ • Apr 14GFL Environmental Inc. (TSX:GFL) entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. (TSX:SES) from Angelo, Gordon & Co., L.P., Solus Alternative Asset Management LP and others for approximately CAD 5.5 billion.GFL Environmental Inc. (TSX:GFL) entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. (TSX:SES) from Angelo, Gordon & Co., L.P., Solus Alternative Asset Management LP and others for approximately CAD 5.5 billion on April 13, 2026. Pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for CAD 24.75 per SECURE common share, representing an enterprise value of approximately CAD 6.4 billion (the "Transaction"). The purchase price of CAD 24.75 per SECURE common share represents a premium of 23% to the volume weighted average price of the common shares of SECURE for the 60 trading days ending April 10, 2026. Under the terms of the Transaction, SECURE common shareholders will receive, at their election, (i) CAD 24.75 in cash, (ii) 0.4195 of a GFL subordinate voting share or (iii) a combination of CAD 4.95 in cash and 0.3356 of a GFL subordinate voting share, for each SECURE common share held, subject to pro-ration, based on a maximum amount of GFL subordinate voting shares and maximum amount of cash as set out in the plan of arrangement, such that the aggregate consideration paid to SECURE common shareholders will consist of 80% GFL subordinate voting shares and 20% cash. GFL has obtained fully committed financing for the Transaction through a bridge facility which can be used, together with cash on hand and capacity under its revolving credit facility, to fund the cash component of the Transaction. SECURE has also granted GFL a right-to-match any superior proposal and will pay a termination fee of CAD 200 million to GFL if the Arrangement Agreement is terminated in certain circumstances. GFL has agreed to pay an expense reimbursement fee of up to CAD 20 million to SECURE if the Arrangement Agreement is terminated in certain circumstances. Following completion of the Transaction, it is expected that the SECURE common shares will be delisted from the TSX and SECURE will cease to be a reporting issuer under Canadian securities laws. The Transaction is expected to close in the second half of 2026, subject to the satisfaction of customary closing conditions, including court approval, regulatory approvals and approval by SECURE shareholders. The Transaction has been unanimously approved by the Board of Directors of both companies. Angelo, Gordon & Co. LP and Solus Alternative Asset Management LP, which collectively own approximately 20% of the issued and outstanding SECURE common shares, together with the directors and senior officers of SECURE who collectively own approximately 2% of the issued and outstanding SECURE common shares, have entered into customary voting and support agreements pursuant to which they have agreed to vote all of their SECURE common shares in favor of the Transaction at a special meeting of shareholders which is expected to be held in late May 2026. In connection with the Transaction, the SECURE Board established a special committee (the "Special Committee"), comprised entirely of independent directors, to, among other matters, review the terms of the Transaction and consider potential alternatives available to SECURE. The acquired assets coupled with SECURE's strong operating margins and lower maintenance capital intensity are expected to increase Adjusted EBITDA margin(1) to 31.6% and Adjusted Free Cash Flow conversion to between 40.5% and 42.5%. The transaction is also expected to be immediately accretive to Adjusted Free Cash Flow per share by 12% to 15%. Our significantly enhanced scale following the acquisition will allow us to materially increase our capital deployment capacity while maintaining our targeted year end Net Leverage in the low-to-mid 3s. Additionally, the transaction increases GFL's float weighted market capitalization. Barclays is acting as financial advisor to GFL and Stikeman Elliott LLP is acting as legal counsel to GFL in connection with the Transaction. Moelis & Company LLC and RBC Capital Markets are acting as financial advisors to SECURE. McCarthy Tétrault LLP is acting as lead Canadian legal counsel to SECURE in connection with the Transaction, with Bennett Jones LLP acting as Canadian competition counsel to SECURE. RBC Capital Markets provided a verbal independent fairness opinion to the SECURE Board and ATB Cormark Capital Markets provided a verbal independent fairness opinion to the Special Committee.Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. President, CEO & Director Allen Gransch was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Mar 20Fourth quarter dividend increased to CA$0.10Dividend of CA$0.10 is 5.0% higher than last year. Ex-date: 1st April 2026 Payment date: 15th April 2026 Dividend yield will be 1.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (182% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 18SECURE Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About April 15, 2026SECURE Waste Infrastructure Corp. announced that its Board of Directors has declared a quarterly dividend of $0.105 per common share payable on or about April 15, 2026, to shareholders of record on April 1, 2026. The declared dividend reflects the previously announced 5% increase to SECURE's quarterly dividend, raising the rate from $0.10 to $0.105 per share and underscoring the Corporation's confidence in the strength and sustainability of its cash flows.最新情報をもっと見るRecent updatesライブニュース • May 16ISS and Glass Lewis Back SECURE Waste Infrastructure Shareholder Approval of GFL DealInstitutional Shareholder Services (ISS) and Glass Lewis have both recommended that SECURE Waste Infrastructure shareholders vote "FOR" the proposed transaction with GFL Environmental Inc. The proposed deal, unanimously approved by SECURE’s Board and Special Committee, would see GFL acquire all issued SECURE common shares through a mix of subordinate voting shares and cash. Shareholders have until May 25, 2026, to cast their votes on a transaction the company describes as offering a premium valuation with immediate cash value and ongoing participation in the combined business. The dual endorsement from ISS and Glass Lewis adds external support to the board’s unanimous approval and may influence how many institutional and retail investors approach the upcoming vote. You may want to review the mix of cash and GFL shares on offer, as well as your preferred exposure to the combined company, before deciding how to vote ahead of the May 25 deadline.お知らせ • Apr 22Abrams Capital Intends to Vote Against Business ArrangementOn April 20, 2026, Abrams Capital Management LP announced that it may engage in discussions with other shareholders or representatives of Secure Waste Infrastructure Corp. concerning, among other things, the proposed transaction with GFL Environmental Inc., pursuant to which GFL would acquire all of the outstanding shares of Company by way of a shareholder approved and court approved plan of arrangement, and the business or strategy of Company, including potential changes to the foregoing; and/or take any other such actions with respect to Secure as Abrams Capital may from time to time deem appropriate. In addition, Abrams Capital believes Company is a uniquely well-positioned business with significant long-term potential under its current management team and does not believe that the arrangement is in the best interests of Company and its shareholders and intends to vote against it.お知らせ • Apr 14GFL Environmental Inc. (TSX:GFL) entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. (TSX:SES) from Angelo, Gordon & Co., L.P., Solus Alternative Asset Management LP and others for approximately CAD 5.5 billion.GFL Environmental Inc. (TSX:GFL) entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. (TSX:SES) from Angelo, Gordon & Co., L.P., Solus Alternative Asset Management LP and others for approximately CAD 5.5 billion on April 13, 2026. Pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for CAD 24.75 per SECURE common share, representing an enterprise value of approximately CAD 6.4 billion (the "Transaction"). The purchase price of CAD 24.75 per SECURE common share represents a premium of 23% to the volume weighted average price of the common shares of SECURE for the 60 trading days ending April 10, 2026. Under the terms of the Transaction, SECURE common shareholders will receive, at their election, (i) CAD 24.75 in cash, (ii) 0.4195 of a GFL subordinate voting share or (iii) a combination of CAD 4.95 in cash and 0.3356 of a GFL subordinate voting share, for each SECURE common share held, subject to pro-ration, based on a maximum amount of GFL subordinate voting shares and maximum amount of cash as set out in the plan of arrangement, such that the aggregate consideration paid to SECURE common shareholders will consist of 80% GFL subordinate voting shares and 20% cash. GFL has obtained fully committed financing for the Transaction through a bridge facility which can be used, together with cash on hand and capacity under its revolving credit facility, to fund the cash component of the Transaction. SECURE has also granted GFL a right-to-match any superior proposal and will pay a termination fee of CAD 200 million to GFL if the Arrangement Agreement is terminated in certain circumstances. GFL has agreed to pay an expense reimbursement fee of up to CAD 20 million to SECURE if the Arrangement Agreement is terminated in certain circumstances. Following completion of the Transaction, it is expected that the SECURE common shares will be delisted from the TSX and SECURE will cease to be a reporting issuer under Canadian securities laws. The Transaction is expected to close in the second half of 2026, subject to the satisfaction of customary closing conditions, including court approval, regulatory approvals and approval by SECURE shareholders. The Transaction has been unanimously approved by the Board of Directors of both companies. Angelo, Gordon & Co. LP and Solus Alternative Asset Management LP, which collectively own approximately 20% of the issued and outstanding SECURE common shares, together with the directors and senior officers of SECURE who collectively own approximately 2% of the issued and outstanding SECURE common shares, have entered into customary voting and support agreements pursuant to which they have agreed to vote all of their SECURE common shares in favor of the Transaction at a special meeting of shareholders which is expected to be held in late May 2026. In connection with the Transaction, the SECURE Board established a special committee (the "Special Committee"), comprised entirely of independent directors, to, among other matters, review the terms of the Transaction and consider potential alternatives available to SECURE. The acquired assets coupled with SECURE's strong operating margins and lower maintenance capital intensity are expected to increase Adjusted EBITDA margin(1) to 31.6% and Adjusted Free Cash Flow conversion to between 40.5% and 42.5%. The transaction is also expected to be immediately accretive to Adjusted Free Cash Flow per share by 12% to 15%. Our significantly enhanced scale following the acquisition will allow us to materially increase our capital deployment capacity while maintaining our targeted year end Net Leverage in the low-to-mid 3s. Additionally, the transaction increases GFL's float weighted market capitalization. Barclays is acting as financial advisor to GFL and Stikeman Elliott LLP is acting as legal counsel to GFL in connection with the Transaction. Moelis & Company LLC and RBC Capital Markets are acting as financial advisors to SECURE. McCarthy Tétrault LLP is acting as lead Canadian legal counsel to SECURE in connection with the Transaction, with Bennett Jones LLP acting as Canadian competition counsel to SECURE. RBC Capital Markets provided a verbal independent fairness opinion to the SECURE Board and ATB Cormark Capital Markets provided a verbal independent fairness opinion to the Special Committee.Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. President, CEO & Director Allen Gransch was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Mar 20Fourth quarter dividend increased to CA$0.10Dividend of CA$0.10 is 5.0% higher than last year. Ex-date: 1st April 2026 Payment date: 15th April 2026 Dividend yield will be 1.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (182% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 18SECURE Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About April 15, 2026SECURE Waste Infrastructure Corp. announced that its Board of Directors has declared a quarterly dividend of $0.105 per common share payable on or about April 15, 2026, to shareholders of record on April 1, 2026. The declared dividend reflects the previously announced 5% increase to SECURE's quarterly dividend, raising the rate from $0.10 to $0.105 per share and underscoring the Corporation's confidence in the strength and sustainability of its cash flows.お知らせ • Mar 17SECURE Waste Infrastructure Corp. to Report Q1, 2026 Results on Apr 30, 2026SECURE Waste Infrastructure Corp. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026Recent Insider Transactions • Mar 09Vice Chair recently sold CA$6.4m worth of stockOn the 4th of March, Rene Amirault sold around 331k shares on-market at roughly CA$19.38 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rene has been a net seller over the last 12 months, reducing personal holdings by CA$5.6m.Price Target Changed • Feb 23Price target increased by 8.8% to CA$22.06Up from CA$20.28, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CA$19.41. Stock is up 33% over the past year. The company is forecast to post earnings per share of CA$0.95 for next year compared to CA$0.55 last year.お知らせ • Feb 23SECURE Waste Infrastructure Corp., Annual General Meeting, Apr 30, 2026SECURE Waste Infrastructure Corp., Annual General Meeting, Apr 30, 2026.Reported Earnings • Feb 22Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: CA$0.55 (down from CA$2.29 in FY 2024). Revenue: CA$1.47b (up 3.6% from FY 2024). Net income: CA$123.0m (down 79% from FY 2024). Profit margin: 8.4% (down from 41% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 20Secure Waste Infrastructure Corp. Approves Quarterly DividendSECURE Waste Infrastructure Corp.'s Board of Directors approved a 5% increase to the quarterly dividend rate to $0.105 per share.分析記事 • Jan 13SECURE Waste Infrastructure (TSE:SES) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Recent Insider Transactions Derivative • Jan 12Vice Chair exercised options and sold CA$550k worth of stockOn the 6th of January, Rene Amirault exercised options to acquire 63k shares at no cost and sold these for an average price of CA$8.69 per share. This trade did not impact their existing holding. Since March 2025, Rene's direct individual holding has increased from 1.92m shares to 1.96m. Company insiders have collectively sold CA$12m more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Dec 19SECURE Waste Infrastructure (TSE:SES) Has Affirmed Its Dividend Of CA$0.10SECURE Waste Infrastructure Corp.'s ( TSE:SES ) investors are due to receive a payment of CA$0.10 per share on 15th of...Declared Dividend • Dec 19Third quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 2.3%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 95% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 17Secure Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About January 15, 2026SECURE Waste Infrastructure Corp. announced that its Board of Directors has declared a quarterly dividend of $0.10 per common share payable on or about January 15, 2026, to shareholders of record on January 1, 2026.お知らせ • Dec 16SECURE Waste Infrastructure Corp. to Report Q4, 2025 Results on Feb 20, 2026SECURE Waste Infrastructure Corp. announced that they will report Q4, 2025 results Pre-Market on Feb 20, 2026Recent Insider Transactions • Nov 06Vice Chair recently bought CA$497k worth of stockOn the 3rd of November, Rene Amirault bought around 29k shares on-market at roughly CA$17.13 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Rene has been a buyer over the last 12 months, purchasing a net total of CA$803k worth in shares.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CA$0.005 (vs CA$0.39 in 3Q 2024)Third quarter 2025 results: EPS: CA$0.005 (down from CA$0.39 in 3Q 2024). Revenue: CA$2.47b (down 5.4% from 3Q 2024). Net income: CA$1.00m (down 99% from 3Q 2024). Profit margin: 0% (down from 3.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 84% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year.ナラティブの更新 • Oct 17Produced Water Disposal And Metals Recycling Will Fuel Canadian SuccessThe analyst price target for SECURE Waste Infrastructure increased from C$18.78 to C$19.92. Analysts cited improved revenue growth projections and recent positive research updates to support their outlook.Price Target Changed • Oct 10Price target increased by 8.3% to CA$19.61Up from CA$18.11, the current price target is an average from 9 analysts. New target price is 9.3% above last closing price of CA$17.94. Stock is up 27% over the past year. The company is forecast to post earnings per share of CA$0.80 for next year compared to CA$2.28 last year.分析記事 • Oct 07Optimistic Investors Push SECURE Waste Infrastructure Corp. (TSE:SES) Shares Up 27% But Growth Is LackingSECURE Waste Infrastructure Corp. ( TSE:SES ) shares have continued their recent momentum with a 27% gain in the last...ナラティブの更新 • Oct 03Produced Water Disposal And Metals Recycling Will Fuel Canadian SuccessAnalysts have raised their fair value estimate for SECURE Waste Infrastructure from $18.11 to $18.78, citing recent upward revisions to target prices and ongoing confidence in the company’s outlook. Analyst Commentary Bullish Takeaways Bullish analysts have raised price targets multiple times in recent months.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$19.59, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Oil and Gas industry in Canada. Total returns to shareholders of 291% over the past three years.Declared Dividend • Sep 18Second quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 1st October 2025 Payment date: 15th October 2025 Dividend yield will be 2.3%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 16+ 1 more updateSECURE Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About October 15, 2025SECURE Waste Infrastructure Corp. announced that its Board of Directors has declared a quarterly dividend of $0.10 per common share payable on or about October 15, 2025, to shareholders of record on October 1, 2025.Major Estimate Revision • Aug 05Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CA$0.863 to CA$0.765 per share. Revenue forecast steady at CA$1.54b. Net income forecast to shrink 0.6% next year vs 2.4% decline forecast for Oil and Gas industry in Canada. Consensus price target up from CA$17.67 to CA$18.11. Share price fell 5.8% to CA$15.29 over the past week.Reported Earnings • Jul 29Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: CA$0.14. Revenue: CA$2.47b (down 6.7% from 2Q 2024). Net income: CA$31.0m (down 3.1% from 2Q 2024). Profit margin: 1.3% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is expected to decline by 65% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.7%.Declared Dividend • Jun 19First quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 2.7%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 19Secure Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About July 15, 2025SECURE Waste Infrastructure Corp. board of Directors has declared a quarterly dividend of $0.10 per common share payable on or about July 15, 2025, to shareholders of record on July 1, 2025.お知らせ • Jun 17SECURE Waste Infrastructure Corp. to Report Q2, 2025 Results on Jul 29, 2025SECURE Waste Infrastructure Corp. announced that they will report Q2, 2025 results Pre-Market on Jul 29, 2025お知らせ • May 15SECURE Waste Infrastructure Corp. announced that it expects to receive CAD 900 million in fundingSECURE Waste Infrastructure Corp. announced that it has entered into an amended and extended credit agreement it will receive CAD 900 million in round of funding on May 13, 2025. The company will receive Senior Secured Revolving Credit Facility in the transaction. The transaction is expected to close on May 31, 2028.Reported Earnings • May 05First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: CA$0.16 (down from CA$1.50 in 1Q 2024). Revenue: CA$2.70b (down 6.1% from 1Q 2024). Net income: CA$38.0m (down 91% from 1Q 2024). Profit margin: 1.4% (down from 15% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is expected to decline by 55% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Apr 20Vice Chair recently bought CA$306k worth of stockOn the 11th of April, Rene Amirault bought around 25k shares on-market at roughly CA$12.25 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$725k. Despite this recent buy, Rene has been a net seller over the last 12 months, reducing personal holdings by CA$942k.お知らせ • Apr 10SECURE Waste Infrastructure Corp. (TSX:SES) announces an Equity Buyback for 7.22% of its issued share capital, for CAD 200 million.SECURE Waste Infrastructure Corp. (TSX:SES) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to 7.22% of it's issued share capital for $200 million. The shares will be tendered at a price of not less than $12 per share and not more than $14.50 per share. The company plans to fund the offer from existing revolving credit facility and available cash on hand. If the aggregate cost to purchase the tendered shares exceeds $200 million, the company will accept such shares on a pro-rata basis after giving effect to “odd lot” tenders, which will not be subject to pro-ration. The bid will expire on May 14, 2025, unless extended or withdrawn. As of April 7, 2025, the company had 230,865,489 shares in issue.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CA$13.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 158% over the past three years.分析記事 • Mar 21SECURE Waste Infrastructure (TSE:SES) Is Due To Pay A Dividend Of CA$0.10SECURE Waste Infrastructure Corp. ( TSE:SES ) will pay a dividend of CA$0.10 on the 15th of April. The dividend yield...Declared Dividend • Mar 20Fourth quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 1st April 2025 Payment date: 15th April 2025 Dividend yield will be 2.6%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 20% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range.お知らせ • Mar 18+ 1 more updateSECURE Waste Infrastructure Corp. to Report Q1, 2025 Results on May 02, 2025SECURE Waste Infrastructure Corp. announced that they will report Q1, 2025 results Pre-Market on May 02, 2025新しいナラティブ • Mar 15Metal Recycling Acquisition And Expansions May Offset Revenue Challenges Ahead Strategic acquisitions and expansions are expected to create synergies and improve efficiencies, potentially enhancing net margins and revenue growth. Recent Insider Transactions • Mar 10Independent Chairman of the Board recently bought CA$668k worth of stockOn the 6th of March, Michael Dilger bought around 50k shares on-market at roughly CA$13.37 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$725k. Michael has been a buyer over the last 12 months, purchasing a net total of CA$1.4m worth in shares.Recent Insider Transactions Derivative • Mar 03Vice Chair exercised options and sold CA$5.3m worth of stockOn the 27th of February, Rene Amirault exercised options to acquire 710k shares at no cost and sold these for an average price of CA$7.46 per share. This trade did not impact their existing holding. Since March 2024, Rene's direct individual holding has decreased from 2.20m shares to 1.92m. Company insiders have collectively sold CA$43m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 28Independent Chairman of the Board recently bought CA$725k worth of stockOn the 24th of February, Michael Dilger bought around 50k shares on-market at roughly CA$14.51 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months.お知らせ • Feb 24SECURE Waste Infrastructure Corp., Annual General Meeting, May 02, 2025SECURE Waste Infrastructure Corp., Annual General Meeting, May 02, 2025.Buy Or Sell Opportunity • Feb 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to CA$14.31. The fair value is estimated to be CA$18.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 101% per annum. Earnings are also forecast to decline by 31% per annum over the same time period.分析記事 • Feb 17Is There An Opportunity With SECURE Waste Infrastructure Corp.'s (TSE:SES) 26% Undervaluation?Key Insights SECURE Waste Infrastructure's estimated fair value is CA$19.86 based on 2 Stage Free Cash Flow to Equity...お知らせ • Feb 01SECURE Waste Infrastructure Corp. to Report Q4, 2024 Results on Feb 21, 2025SECURE Waste Infrastructure Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 21, 2025分析記事 • Jan 25Should You Be Adding SECURE Waste Infrastructure (TSE:SES) To Your Watchlist Today?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Recent Insider Transactions • Jan 19Insider recently sold CA$790k worth of stockOn the 13th of January, James Anderson sold around 50k shares on-market at roughly CA$15.80 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$1.3m. Insiders have been net sellers, collectively disposing of CA$4.8m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Jan 13Vice Chair exercised options and sold CA$1.4m worth of stockOn the 7th of January, Rene Amirault exercised options to acquire 88k shares at no cost and sold these for an average price of CA$16.00 per share. This trade did not impact their existing holding. Since March 2024, Rene's direct individual holding has decreased from 2.20m shares to 1.90m. Company insiders have collectively sold CA$31m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Jan 13President recently sold CA$1.3m worth of stockOn the 7th of January, Allen Gransch sold around 82k shares on-market at roughly CA$16.00 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Allen has been a net seller over the last 12 months, reducing personal holdings by CA$1.3m.Declared Dividend • Dec 19Third quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 2.5%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 59% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range.お知らせ • Dec 16Secure Energy Services Inc. Declares Quarterly Dividend, Payable on or About January 15, 2025Secure Energy Services Inc.'s Board of Directors has declared a quarterly dividend of $0.10 per common share payable on or about January 15, 2025, to shareholders of record on January 1, 2025.New Risk • Dec 05New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$342k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 35% per year for the foreseeable future. High level of non-cash earnings (20% accrual ratio). Minor Risk Significant insider selling over the past 3 months (CA$342k sold).分析記事 • Nov 06We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) ProfitSecure Energy Services Inc. ( TSE:SES ) recently released a strong earnings report, and the market responded by raising...Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CA$16.12, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 211% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$26.19 per share.分析記事 • Nov 02Improved Earnings Required Before Secure Energy Services Inc. (TSE:SES) Stock's 31% Jump Looks JustifiedThe Secure Energy Services Inc. ( TSE:SES ) share price has done very well over the last month, posting an excellent...Reported Earnings • Nov 01Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: CA$0.39 (up from CA$0.16 in 3Q 2023). Revenue: CA$2.61b (up 18% from 3Q 2023). Net income: CA$94.0m (up 100% from 3Q 2023). Profit margin: 3.6% (up from 2.1% in 3Q 2023). Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) also surpassed analyst estimates by 79%. Revenue is expected to decline by 81% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 01Price target increased by 9.8% to CA$17.38Up from CA$15.83, the current price target is an average from 10 analysts. New target price is 9.3% above last closing price of CA$15.90. Stock is up 101% over the past year. The company is forecast to post earnings per share of CA$2.29 for next year compared to CA$0.66 last year.Price Target Changed • Oct 09Price target increased by 10% to CA$15.18Up from CA$13.75, the current price target is an average from 10 analysts. New target price is 10% above last closing price of CA$13.77. Stock is up 89% over the past year. The company is forecast to post earnings per share of CA$2.14 for next year compared to CA$0.66 last year.分析記事 • Sep 23Secure Energy Services (TSE:SES) Is Paying Out A Dividend Of CA$0.10Secure Energy Services Inc.'s ( TSE:SES ) investors are due to receive a payment of CA$0.10 per share on 15th of...Declared Dividend • Sep 19Second quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 1st October 2024 Payment date: 15th October 2024 Dividend yield will be 3.3%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 44% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.お知らせ • Sep 17+ 1 more updateSecure Energy Services Inc. to Report Q3, 2024 Results on Oct 30, 2024Secure Energy Services Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024Recent Insider Transactions Derivative • Aug 13Vice President of Environment exercised options to buy CA$456k worth of stock.On the 7th of August, Rhonda Rudnitski exercised 83.58k options at around CA$12,250, then sold 45.76k of them at CA$11.76 each and kept the remainder. Since December 2023, Rhonda has owned 26.26k shares directly. Company insiders have collectively bought CA$122m more than they sold, via options and on-market transactions, in the last 12 months.Major Estimate Revision • Aug 06Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$1.21b to CA$1.36b. EPS estimate increased from CA$2.07 to CA$2.13 per share. Net income forecast to shrink 34% next year vs 1.6% growth forecast for Energy Services industry in Canada . Consensus price target up from CA$13.75 to CA$14.47. Share price fell 6.7% to CA$11.46 over the past week.Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.12 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.12. Revenue: CA$2.55b (up 43% from 2Q 2023). Net income: CA$32.0m (down 5.9% from 2Q 2023). Profit margin: 1.3% (down from 1.9% in 2Q 2023). Revenue is expected to fall by 68% p.a. on average during the next 3 years compared to a 4.8% decline forecast for the Energy Services industry in Canada.分析記事 • Jul 25Is Secure Energy Services (TSE:SES) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...分析記事 • Jun 21Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10Secure Energy Services Inc.'s ( TSE:SES ) investors are due to receive a payment of CA$0.10 per share on 15th of July...Declared Dividend • Jun 20First quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (21% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 47% over the next 3 years. However, it would need to fall by 77% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jun 18+ 1 more updateSecure Energy Services Inc. to Report Q2, 2024 Results on Jul 30, 2024Secure Energy Services Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024Recent Insider Transactions • Jun 10Insider recently sold CA$748k worth of stockOn the 6th of June, James Anderson sold around 65k shares on-market at roughly CA$11.50 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$755k. Insiders have been net sellers, collectively disposing of CA$1.2m more than they bought in the last 12 months.分析記事 • May 03We Believe Secure Energy Services' (TSE:SES) Earnings Are A Poor Guide For Its ProfitabilitySecure Energy Services Inc.'s ( TSE:SES ) stock rose after it released a robust earnings report. Despite the strong...Recent Insider Transactions • Apr 30Insider recently sold CA$755k worth of stockOn the 26th of April, James Anderson sold around 65k shares on-market at roughly CA$11.62 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$477k more than they bought in the last 12 months.お知らせ • Apr 30Secure Energy Services Inc. (TSX:SES) announces an Equity Buyback for 13,181,020 shares, for CAD 150 million.Secure Energy Services Inc. (TSX:SES) announces a share repurchase program. Under the program, the company will repurchase up to 13,181,020 shares for $150 million. The shares will be repurchased at a price not more than CAD 11.38 per share. The repurchases will be funded from available cash on hand. The repurchased shares will be cancelled. The company has entered into a share repurchase agreement with TPG Angelo Gordon to repurchase it's shares.Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: CA$1.50 (vs CA$0.18 in 1Q 2023)First quarter 2024 results: EPS: CA$1.50 (up from CA$0.18 in 1Q 2023). Revenue: CA$2.85b (up 49% from 1Q 2023). Net income: CA$422.0m (up CA$367.0m from 1Q 2023). Profit margin: 15% (up from 2.9% in 1Q 2023). Revenue is expected to fall by 60% p.a. on average during the next 3 years compared to a 9.5% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.New Risk • Apr 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk High level of debt (80% net debt to equity).分析記事 • Apr 07A Look At The Fair Value Of Secure Energy Services Inc. (TSE:SES)Key Insights The projected fair value for Secure Energy Services is CA$12.31 based on 2 Stage Free Cash Flow to Equity...Price Target Changed • Apr 02Price target increased by 7.2% to CA$12.78Up from CA$11.92, the current price target is an average from 9 analysts. New target price is 11% above last closing price of CA$11.47. Stock is up 81% over the past year. The company is forecast to post earnings per share of CA$0.92 for next year compared to CA$0.66 last year.Recent Insider Transactions Derivative • Mar 27CEO & Director exercised options and sold CA$8.3m worth of stockOn the 21st of March, Rene Amirault exercised options to acquire 732k shares at no cost and sold these for an average price of CA$11.35 per share. This trade did not impact their existing holding. For the year to December 2017, Rene's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Rene's direct individual holding has decreased from 2.43m shares to 2.40m. Company insiders have collectively sold CA$25m more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Mar 21Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (3.1%).分析記事 • Mar 21Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10The board of Secure Energy Services Inc. ( TSE:SES ) has announced that it will pay a dividend of CA$0.10 per share on...Declared Dividend • Mar 20Fourth quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 28th March 2024 Payment date: 15th April 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 79% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 16+ 1 more updateSecure Energy Services Inc. to Report Q1, 2024 Results on Apr 25, 2024Secure Energy Services Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024Major Estimate Revision • Mar 04Consensus EPS estimates increase by 51%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CA$0.615 to CA$0.928. Revenue forecast steady at CA$1.28b. Net income forecast to grow 40% next year vs 14% growth forecast for Energy Services industry in Canada. Consensus price target up from CA$11.92 to CA$12.53. Share price rose 6.0% to CA$11.33 over the past week.お知らせ • Feb 27+ 1 more updateSecure Energy Services Inc. Announces Chief Executive Officer Changes, Effective May 1, 2024SECURE Energy Services Inc. announced that Rene Amirault will be retiring from his role as Chief Executive Officer as of May 1, 2024. Mr. Amirault intends to remain on SECURE's Board of Directors as Vice Chair. Allen Gransch, President, will succeed Mr. Amirault as President and Chief Executive Officer, and will be nominated for election to the Board of Directors at SECURE's Annual General Meeting of Shareholders on April 26, 2024. The Board of Directors is pleased to appoint Allen Gransch to serve as SECURE's next CEO, effective May 1, 2024 Mr. Gransch has been with SECURE since first year of operations in the fall of 2007. From 2012 to 2017, Mr. Gransch held the position of Executive Vice President and Chief Financial Officer. In September 2017, Mr. Gransch was appointed EVP, Corporate Development. In April 2019, Mr. Gransch was appointed Chief Operating Officer and in November 2022 he was appointed President.株主還元SESCA Oil and GasCA 市場7D0.9%2.2%-0.2%1Y52.3%57.3%32.6%株主還元を見る業界別リターン: SES過去 1 年間で57.3 % の収益を上げたCanadian Oil and Gas業界を下回りました。リターン対市場: SES過去 1 年間で32.6 % の収益を上げたCanadian市場を上回りました。価格変動Is SES's price volatile compared to industry and market?SES volatilitySES Average Weekly Movement4.1%Oil and Gas Industry Average Movement8.9%Market Average Movement10.3%10% most volatile stocks in CA Market18.1%10% least volatile stocks in CA Market3.9%安定した株価: SES 、 Canadian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: SESの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO(最高経営責任者ウェブサイト20071,937Allen Granschsecure.caセキュア・ウエイスト・インフラストラクチャー社は、主にカナダと米国で廃棄物管理とエネルギー・インフラ事業に従事している。廃棄物管理部門とエネルギー・インフラ部門を通じて事業を展開している。廃棄物管理部門には、廃棄物処理施設、随伴水パイプライン、産業用埋立地、廃棄物中継施設、金属リサイクル施設、特殊化学品のネットワークが含まれる。また、廃棄物の収集、処理、回収、リサイクル、処分、生産水・廃水処理、有害・非有害廃棄物の収集、処理、移送、原油エマルジョン処理、金属リサイクル、掘削廃棄物管理、特殊化学品も提供している。エネルギー・インフラ部門は、原油収集パイプライン、ターミナル、貯蔵施設のネットワークを含む。この部門はまた、原油の輸送、最適化、終末処理、貯蔵にも従事している。同社は以前はセキュア・エナジー・サービス(株)として知られていたが、2025年1月にセキュア廃棄物インフラ(株)に社名を変更した。SECURE Waste Infrastructure Corp.は2007年に設立され、カナダのカルガリーに本社を置いている。もっと見るSECURE Waste Infrastructure Corp. 基礎のまとめSECURE Waste Infrastructure の収益と売上を時価総額と比較するとどうか。SES 基礎統計学時価総額CA$4.76b収益(TTM)CA$120.00m売上高(TTM)CA$1.48b39.4xPER(株価収益率3.2xP/SレシオSES は割高か?公正価値と評価分析を参照収益と収入最新の決算報告書(TTM)に基づく主な収益性統計SES 損益計算書(TTM)収益CA$1.48b売上原価CA$1.06b売上総利益CA$419.00mその他の費用CA$299.00m収益CA$120.00m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益(EPS)0.55グロス・マージン28.39%純利益率8.13%有利子負債/自己資本比率130.9%SES の長期的なパフォーマンスは?過去の実績と比較を見る配当金1.9%現在の配当利回り74%配当性向View Valuation企業分析と財務データの現状データ最終更新日(UTC時間)企業分析2026/05/20 18:32終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM(Trailing Twelve Month)またはLTM(Last Twelve Month)データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋SECURE Waste Infrastructure Corp. 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Nathan HeywoodATB CormarkJohn GibsonBMO Capital Markets Equity ResearchAnthony PetrucciCanaccord Genuity15 その他のアナリストを表示
ライブニュース • May 16ISS and Glass Lewis Back SECURE Waste Infrastructure Shareholder Approval of GFL DealInstitutional Shareholder Services (ISS) and Glass Lewis have both recommended that SECURE Waste Infrastructure shareholders vote "FOR" the proposed transaction with GFL Environmental Inc. The proposed deal, unanimously approved by SECURE’s Board and Special Committee, would see GFL acquire all issued SECURE common shares through a mix of subordinate voting shares and cash. Shareholders have until May 25, 2026, to cast their votes on a transaction the company describes as offering a premium valuation with immediate cash value and ongoing participation in the combined business. The dual endorsement from ISS and Glass Lewis adds external support to the board’s unanimous approval and may influence how many institutional and retail investors approach the upcoming vote. You may want to review the mix of cash and GFL shares on offer, as well as your preferred exposure to the combined company, before deciding how to vote ahead of the May 25 deadline.
お知らせ • Apr 22Abrams Capital Intends to Vote Against Business ArrangementOn April 20, 2026, Abrams Capital Management LP announced that it may engage in discussions with other shareholders or representatives of Secure Waste Infrastructure Corp. concerning, among other things, the proposed transaction with GFL Environmental Inc., pursuant to which GFL would acquire all of the outstanding shares of Company by way of a shareholder approved and court approved plan of arrangement, and the business or strategy of Company, including potential changes to the foregoing; and/or take any other such actions with respect to Secure as Abrams Capital may from time to time deem appropriate. In addition, Abrams Capital believes Company is a uniquely well-positioned business with significant long-term potential under its current management team and does not believe that the arrangement is in the best interests of Company and its shareholders and intends to vote against it.
お知らせ • Apr 14GFL Environmental Inc. (TSX:GFL) entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. (TSX:SES) from Angelo, Gordon & Co., L.P., Solus Alternative Asset Management LP and others for approximately CAD 5.5 billion.GFL Environmental Inc. (TSX:GFL) entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. (TSX:SES) from Angelo, Gordon & Co., L.P., Solus Alternative Asset Management LP and others for approximately CAD 5.5 billion on April 13, 2026. Pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for CAD 24.75 per SECURE common share, representing an enterprise value of approximately CAD 6.4 billion (the "Transaction"). The purchase price of CAD 24.75 per SECURE common share represents a premium of 23% to the volume weighted average price of the common shares of SECURE for the 60 trading days ending April 10, 2026. Under the terms of the Transaction, SECURE common shareholders will receive, at their election, (i) CAD 24.75 in cash, (ii) 0.4195 of a GFL subordinate voting share or (iii) a combination of CAD 4.95 in cash and 0.3356 of a GFL subordinate voting share, for each SECURE common share held, subject to pro-ration, based on a maximum amount of GFL subordinate voting shares and maximum amount of cash as set out in the plan of arrangement, such that the aggregate consideration paid to SECURE common shareholders will consist of 80% GFL subordinate voting shares and 20% cash. GFL has obtained fully committed financing for the Transaction through a bridge facility which can be used, together with cash on hand and capacity under its revolving credit facility, to fund the cash component of the Transaction. SECURE has also granted GFL a right-to-match any superior proposal and will pay a termination fee of CAD 200 million to GFL if the Arrangement Agreement is terminated in certain circumstances. GFL has agreed to pay an expense reimbursement fee of up to CAD 20 million to SECURE if the Arrangement Agreement is terminated in certain circumstances. Following completion of the Transaction, it is expected that the SECURE common shares will be delisted from the TSX and SECURE will cease to be a reporting issuer under Canadian securities laws. The Transaction is expected to close in the second half of 2026, subject to the satisfaction of customary closing conditions, including court approval, regulatory approvals and approval by SECURE shareholders. The Transaction has been unanimously approved by the Board of Directors of both companies. Angelo, Gordon & Co. LP and Solus Alternative Asset Management LP, which collectively own approximately 20% of the issued and outstanding SECURE common shares, together with the directors and senior officers of SECURE who collectively own approximately 2% of the issued and outstanding SECURE common shares, have entered into customary voting and support agreements pursuant to which they have agreed to vote all of their SECURE common shares in favor of the Transaction at a special meeting of shareholders which is expected to be held in late May 2026. In connection with the Transaction, the SECURE Board established a special committee (the "Special Committee"), comprised entirely of independent directors, to, among other matters, review the terms of the Transaction and consider potential alternatives available to SECURE. The acquired assets coupled with SECURE's strong operating margins and lower maintenance capital intensity are expected to increase Adjusted EBITDA margin(1) to 31.6% and Adjusted Free Cash Flow conversion to between 40.5% and 42.5%. The transaction is also expected to be immediately accretive to Adjusted Free Cash Flow per share by 12% to 15%. Our significantly enhanced scale following the acquisition will allow us to materially increase our capital deployment capacity while maintaining our targeted year end Net Leverage in the low-to-mid 3s. Additionally, the transaction increases GFL's float weighted market capitalization. Barclays is acting as financial advisor to GFL and Stikeman Elliott LLP is acting as legal counsel to GFL in connection with the Transaction. Moelis & Company LLC and RBC Capital Markets are acting as financial advisors to SECURE. McCarthy Tétrault LLP is acting as lead Canadian legal counsel to SECURE in connection with the Transaction, with Bennett Jones LLP acting as Canadian competition counsel to SECURE. RBC Capital Markets provided a verbal independent fairness opinion to the SECURE Board and ATB Cormark Capital Markets provided a verbal independent fairness opinion to the Special Committee.
Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. President, CEO & Director Allen Gransch was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Mar 20Fourth quarter dividend increased to CA$0.10Dividend of CA$0.10 is 5.0% higher than last year. Ex-date: 1st April 2026 Payment date: 15th April 2026 Dividend yield will be 1.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (182% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 18SECURE Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About April 15, 2026SECURE Waste Infrastructure Corp. announced that its Board of Directors has declared a quarterly dividend of $0.105 per common share payable on or about April 15, 2026, to shareholders of record on April 1, 2026. The declared dividend reflects the previously announced 5% increase to SECURE's quarterly dividend, raising the rate from $0.10 to $0.105 per share and underscoring the Corporation's confidence in the strength and sustainability of its cash flows.
ライブニュース • May 16ISS and Glass Lewis Back SECURE Waste Infrastructure Shareholder Approval of GFL DealInstitutional Shareholder Services (ISS) and Glass Lewis have both recommended that SECURE Waste Infrastructure shareholders vote "FOR" the proposed transaction with GFL Environmental Inc. The proposed deal, unanimously approved by SECURE’s Board and Special Committee, would see GFL acquire all issued SECURE common shares through a mix of subordinate voting shares and cash. Shareholders have until May 25, 2026, to cast their votes on a transaction the company describes as offering a premium valuation with immediate cash value and ongoing participation in the combined business. The dual endorsement from ISS and Glass Lewis adds external support to the board’s unanimous approval and may influence how many institutional and retail investors approach the upcoming vote. You may want to review the mix of cash and GFL shares on offer, as well as your preferred exposure to the combined company, before deciding how to vote ahead of the May 25 deadline.
お知らせ • Apr 22Abrams Capital Intends to Vote Against Business ArrangementOn April 20, 2026, Abrams Capital Management LP announced that it may engage in discussions with other shareholders or representatives of Secure Waste Infrastructure Corp. concerning, among other things, the proposed transaction with GFL Environmental Inc., pursuant to which GFL would acquire all of the outstanding shares of Company by way of a shareholder approved and court approved plan of arrangement, and the business or strategy of Company, including potential changes to the foregoing; and/or take any other such actions with respect to Secure as Abrams Capital may from time to time deem appropriate. In addition, Abrams Capital believes Company is a uniquely well-positioned business with significant long-term potential under its current management team and does not believe that the arrangement is in the best interests of Company and its shareholders and intends to vote against it.
お知らせ • Apr 14GFL Environmental Inc. (TSX:GFL) entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. (TSX:SES) from Angelo, Gordon & Co., L.P., Solus Alternative Asset Management LP and others for approximately CAD 5.5 billion.GFL Environmental Inc. (TSX:GFL) entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. (TSX:SES) from Angelo, Gordon & Co., L.P., Solus Alternative Asset Management LP and others for approximately CAD 5.5 billion on April 13, 2026. Pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for CAD 24.75 per SECURE common share, representing an enterprise value of approximately CAD 6.4 billion (the "Transaction"). The purchase price of CAD 24.75 per SECURE common share represents a premium of 23% to the volume weighted average price of the common shares of SECURE for the 60 trading days ending April 10, 2026. Under the terms of the Transaction, SECURE common shareholders will receive, at their election, (i) CAD 24.75 in cash, (ii) 0.4195 of a GFL subordinate voting share or (iii) a combination of CAD 4.95 in cash and 0.3356 of a GFL subordinate voting share, for each SECURE common share held, subject to pro-ration, based on a maximum amount of GFL subordinate voting shares and maximum amount of cash as set out in the plan of arrangement, such that the aggregate consideration paid to SECURE common shareholders will consist of 80% GFL subordinate voting shares and 20% cash. GFL has obtained fully committed financing for the Transaction through a bridge facility which can be used, together with cash on hand and capacity under its revolving credit facility, to fund the cash component of the Transaction. SECURE has also granted GFL a right-to-match any superior proposal and will pay a termination fee of CAD 200 million to GFL if the Arrangement Agreement is terminated in certain circumstances. GFL has agreed to pay an expense reimbursement fee of up to CAD 20 million to SECURE if the Arrangement Agreement is terminated in certain circumstances. Following completion of the Transaction, it is expected that the SECURE common shares will be delisted from the TSX and SECURE will cease to be a reporting issuer under Canadian securities laws. The Transaction is expected to close in the second half of 2026, subject to the satisfaction of customary closing conditions, including court approval, regulatory approvals and approval by SECURE shareholders. The Transaction has been unanimously approved by the Board of Directors of both companies. Angelo, Gordon & Co. LP and Solus Alternative Asset Management LP, which collectively own approximately 20% of the issued and outstanding SECURE common shares, together with the directors and senior officers of SECURE who collectively own approximately 2% of the issued and outstanding SECURE common shares, have entered into customary voting and support agreements pursuant to which they have agreed to vote all of their SECURE common shares in favor of the Transaction at a special meeting of shareholders which is expected to be held in late May 2026. In connection with the Transaction, the SECURE Board established a special committee (the "Special Committee"), comprised entirely of independent directors, to, among other matters, review the terms of the Transaction and consider potential alternatives available to SECURE. The acquired assets coupled with SECURE's strong operating margins and lower maintenance capital intensity are expected to increase Adjusted EBITDA margin(1) to 31.6% and Adjusted Free Cash Flow conversion to between 40.5% and 42.5%. The transaction is also expected to be immediately accretive to Adjusted Free Cash Flow per share by 12% to 15%. Our significantly enhanced scale following the acquisition will allow us to materially increase our capital deployment capacity while maintaining our targeted year end Net Leverage in the low-to-mid 3s. Additionally, the transaction increases GFL's float weighted market capitalization. Barclays is acting as financial advisor to GFL and Stikeman Elliott LLP is acting as legal counsel to GFL in connection with the Transaction. Moelis & Company LLC and RBC Capital Markets are acting as financial advisors to SECURE. McCarthy Tétrault LLP is acting as lead Canadian legal counsel to SECURE in connection with the Transaction, with Bennett Jones LLP acting as Canadian competition counsel to SECURE. RBC Capital Markets provided a verbal independent fairness opinion to the SECURE Board and ATB Cormark Capital Markets provided a verbal independent fairness opinion to the Special Committee.
Board Change • Apr 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. President, CEO & Director Allen Gransch was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Mar 20Fourth quarter dividend increased to CA$0.10Dividend of CA$0.10 is 5.0% higher than last year. Ex-date: 1st April 2026 Payment date: 15th April 2026 Dividend yield will be 1.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (182% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 18SECURE Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About April 15, 2026SECURE Waste Infrastructure Corp. announced that its Board of Directors has declared a quarterly dividend of $0.105 per common share payable on or about April 15, 2026, to shareholders of record on April 1, 2026. The declared dividend reflects the previously announced 5% increase to SECURE's quarterly dividend, raising the rate from $0.10 to $0.105 per share and underscoring the Corporation's confidence in the strength and sustainability of its cash flows.
お知らせ • Mar 17SECURE Waste Infrastructure Corp. to Report Q1, 2026 Results on Apr 30, 2026SECURE Waste Infrastructure Corp. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026
Recent Insider Transactions • Mar 09Vice Chair recently sold CA$6.4m worth of stockOn the 4th of March, Rene Amirault sold around 331k shares on-market at roughly CA$19.38 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rene has been a net seller over the last 12 months, reducing personal holdings by CA$5.6m.
Price Target Changed • Feb 23Price target increased by 8.8% to CA$22.06Up from CA$20.28, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CA$19.41. Stock is up 33% over the past year. The company is forecast to post earnings per share of CA$0.95 for next year compared to CA$0.55 last year.
お知らせ • Feb 23SECURE Waste Infrastructure Corp., Annual General Meeting, Apr 30, 2026SECURE Waste Infrastructure Corp., Annual General Meeting, Apr 30, 2026.
Reported Earnings • Feb 22Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: CA$0.55 (down from CA$2.29 in FY 2024). Revenue: CA$1.47b (up 3.6% from FY 2024). Net income: CA$123.0m (down 79% from FY 2024). Profit margin: 8.4% (down from 41% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 20Secure Waste Infrastructure Corp. Approves Quarterly DividendSECURE Waste Infrastructure Corp.'s Board of Directors approved a 5% increase to the quarterly dividend rate to $0.105 per share.
分析記事 • Jan 13SECURE Waste Infrastructure (TSE:SES) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Recent Insider Transactions Derivative • Jan 12Vice Chair exercised options and sold CA$550k worth of stockOn the 6th of January, Rene Amirault exercised options to acquire 63k shares at no cost and sold these for an average price of CA$8.69 per share. This trade did not impact their existing holding. Since March 2025, Rene's direct individual holding has increased from 1.92m shares to 1.96m. Company insiders have collectively sold CA$12m more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Dec 19SECURE Waste Infrastructure (TSE:SES) Has Affirmed Its Dividend Of CA$0.10SECURE Waste Infrastructure Corp.'s ( TSE:SES ) investors are due to receive a payment of CA$0.10 per share on 15th of...
Declared Dividend • Dec 19Third quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 2.3%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 95% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 17Secure Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About January 15, 2026SECURE Waste Infrastructure Corp. announced that its Board of Directors has declared a quarterly dividend of $0.10 per common share payable on or about January 15, 2026, to shareholders of record on January 1, 2026.
お知らせ • Dec 16SECURE Waste Infrastructure Corp. to Report Q4, 2025 Results on Feb 20, 2026SECURE Waste Infrastructure Corp. announced that they will report Q4, 2025 results Pre-Market on Feb 20, 2026
Recent Insider Transactions • Nov 06Vice Chair recently bought CA$497k worth of stockOn the 3rd of November, Rene Amirault bought around 29k shares on-market at roughly CA$17.13 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Rene has been a buyer over the last 12 months, purchasing a net total of CA$803k worth in shares.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CA$0.005 (vs CA$0.39 in 3Q 2024)Third quarter 2025 results: EPS: CA$0.005 (down from CA$0.39 in 3Q 2024). Revenue: CA$2.47b (down 5.4% from 3Q 2024). Net income: CA$1.00m (down 99% from 3Q 2024). Profit margin: 0% (down from 3.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 84% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year.
ナラティブの更新 • Oct 17Produced Water Disposal And Metals Recycling Will Fuel Canadian SuccessThe analyst price target for SECURE Waste Infrastructure increased from C$18.78 to C$19.92. Analysts cited improved revenue growth projections and recent positive research updates to support their outlook.
Price Target Changed • Oct 10Price target increased by 8.3% to CA$19.61Up from CA$18.11, the current price target is an average from 9 analysts. New target price is 9.3% above last closing price of CA$17.94. Stock is up 27% over the past year. The company is forecast to post earnings per share of CA$0.80 for next year compared to CA$2.28 last year.
分析記事 • Oct 07Optimistic Investors Push SECURE Waste Infrastructure Corp. (TSE:SES) Shares Up 27% But Growth Is LackingSECURE Waste Infrastructure Corp. ( TSE:SES ) shares have continued their recent momentum with a 27% gain in the last...
ナラティブの更新 • Oct 03Produced Water Disposal And Metals Recycling Will Fuel Canadian SuccessAnalysts have raised their fair value estimate for SECURE Waste Infrastructure from $18.11 to $18.78, citing recent upward revisions to target prices and ongoing confidence in the company’s outlook. Analyst Commentary Bullish Takeaways Bullish analysts have raised price targets multiple times in recent months.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CA$19.59, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Oil and Gas industry in Canada. Total returns to shareholders of 291% over the past three years.
Declared Dividend • Sep 18Second quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 1st October 2025 Payment date: 15th October 2025 Dividend yield will be 2.3%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 16+ 1 more updateSECURE Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About October 15, 2025SECURE Waste Infrastructure Corp. announced that its Board of Directors has declared a quarterly dividend of $0.10 per common share payable on or about October 15, 2025, to shareholders of record on October 1, 2025.
Major Estimate Revision • Aug 05Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CA$0.863 to CA$0.765 per share. Revenue forecast steady at CA$1.54b. Net income forecast to shrink 0.6% next year vs 2.4% decline forecast for Oil and Gas industry in Canada. Consensus price target up from CA$17.67 to CA$18.11. Share price fell 5.8% to CA$15.29 over the past week.
Reported Earnings • Jul 29Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: CA$0.14. Revenue: CA$2.47b (down 6.7% from 2Q 2024). Net income: CA$31.0m (down 3.1% from 2Q 2024). Profit margin: 1.3% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is expected to decline by 65% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.7%.
Declared Dividend • Jun 19First quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 2.7%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 19Secure Waste Infrastructure Corp. Declares Quarterly Dividend, Payable on or About July 15, 2025SECURE Waste Infrastructure Corp. board of Directors has declared a quarterly dividend of $0.10 per common share payable on or about July 15, 2025, to shareholders of record on July 1, 2025.
お知らせ • Jun 17SECURE Waste Infrastructure Corp. to Report Q2, 2025 Results on Jul 29, 2025SECURE Waste Infrastructure Corp. announced that they will report Q2, 2025 results Pre-Market on Jul 29, 2025
お知らせ • May 15SECURE Waste Infrastructure Corp. announced that it expects to receive CAD 900 million in fundingSECURE Waste Infrastructure Corp. announced that it has entered into an amended and extended credit agreement it will receive CAD 900 million in round of funding on May 13, 2025. The company will receive Senior Secured Revolving Credit Facility in the transaction. The transaction is expected to close on May 31, 2028.
Reported Earnings • May 05First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: CA$0.16 (down from CA$1.50 in 1Q 2024). Revenue: CA$2.70b (down 6.1% from 1Q 2024). Net income: CA$38.0m (down 91% from 1Q 2024). Profit margin: 1.4% (down from 15% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is expected to decline by 55% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Apr 20Vice Chair recently bought CA$306k worth of stockOn the 11th of April, Rene Amirault bought around 25k shares on-market at roughly CA$12.25 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$725k. Despite this recent buy, Rene has been a net seller over the last 12 months, reducing personal holdings by CA$942k.
お知らせ • Apr 10SECURE Waste Infrastructure Corp. (TSX:SES) announces an Equity Buyback for 7.22% of its issued share capital, for CAD 200 million.SECURE Waste Infrastructure Corp. (TSX:SES) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to 7.22% of it's issued share capital for $200 million. The shares will be tendered at a price of not less than $12 per share and not more than $14.50 per share. The company plans to fund the offer from existing revolving credit facility and available cash on hand. If the aggregate cost to purchase the tendered shares exceeds $200 million, the company will accept such shares on a pro-rata basis after giving effect to “odd lot” tenders, which will not be subject to pro-ration. The bid will expire on May 14, 2025, unless extended or withdrawn. As of April 7, 2025, the company had 230,865,489 shares in issue.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CA$13.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 158% over the past three years.
分析記事 • Mar 21SECURE Waste Infrastructure (TSE:SES) Is Due To Pay A Dividend Of CA$0.10SECURE Waste Infrastructure Corp. ( TSE:SES ) will pay a dividend of CA$0.10 on the 15th of April. The dividend yield...
Declared Dividend • Mar 20Fourth quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 1st April 2025 Payment date: 15th April 2025 Dividend yield will be 2.6%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 20% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Mar 18+ 1 more updateSECURE Waste Infrastructure Corp. to Report Q1, 2025 Results on May 02, 2025SECURE Waste Infrastructure Corp. announced that they will report Q1, 2025 results Pre-Market on May 02, 2025
新しいナラティブ • Mar 15Metal Recycling Acquisition And Expansions May Offset Revenue Challenges Ahead Strategic acquisitions and expansions are expected to create synergies and improve efficiencies, potentially enhancing net margins and revenue growth.
Recent Insider Transactions • Mar 10Independent Chairman of the Board recently bought CA$668k worth of stockOn the 6th of March, Michael Dilger bought around 50k shares on-market at roughly CA$13.37 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$725k. Michael has been a buyer over the last 12 months, purchasing a net total of CA$1.4m worth in shares.
Recent Insider Transactions Derivative • Mar 03Vice Chair exercised options and sold CA$5.3m worth of stockOn the 27th of February, Rene Amirault exercised options to acquire 710k shares at no cost and sold these for an average price of CA$7.46 per share. This trade did not impact their existing holding. Since March 2024, Rene's direct individual holding has decreased from 2.20m shares to 1.92m. Company insiders have collectively sold CA$43m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 28Independent Chairman of the Board recently bought CA$725k worth of stockOn the 24th of February, Michael Dilger bought around 50k shares on-market at roughly CA$14.51 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months.
お知らせ • Feb 24SECURE Waste Infrastructure Corp., Annual General Meeting, May 02, 2025SECURE Waste Infrastructure Corp., Annual General Meeting, May 02, 2025.
Buy Or Sell Opportunity • Feb 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to CA$14.31. The fair value is estimated to be CA$18.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 101% per annum. Earnings are also forecast to decline by 31% per annum over the same time period.
分析記事 • Feb 17Is There An Opportunity With SECURE Waste Infrastructure Corp.'s (TSE:SES) 26% Undervaluation?Key Insights SECURE Waste Infrastructure's estimated fair value is CA$19.86 based on 2 Stage Free Cash Flow to Equity...
お知らせ • Feb 01SECURE Waste Infrastructure Corp. to Report Q4, 2024 Results on Feb 21, 2025SECURE Waste Infrastructure Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 21, 2025
分析記事 • Jan 25Should You Be Adding SECURE Waste Infrastructure (TSE:SES) To Your Watchlist Today?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Recent Insider Transactions • Jan 19Insider recently sold CA$790k worth of stockOn the 13th of January, James Anderson sold around 50k shares on-market at roughly CA$15.80 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$1.3m. Insiders have been net sellers, collectively disposing of CA$4.8m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Jan 13Vice Chair exercised options and sold CA$1.4m worth of stockOn the 7th of January, Rene Amirault exercised options to acquire 88k shares at no cost and sold these for an average price of CA$16.00 per share. This trade did not impact their existing holding. Since March 2024, Rene's direct individual holding has decreased from 2.20m shares to 1.90m. Company insiders have collectively sold CA$31m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Jan 13President recently sold CA$1.3m worth of stockOn the 7th of January, Allen Gransch sold around 82k shares on-market at roughly CA$16.00 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Allen has been a net seller over the last 12 months, reducing personal holdings by CA$1.3m.
Declared Dividend • Dec 19Third quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 2.5%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 59% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Dec 16Secure Energy Services Inc. Declares Quarterly Dividend, Payable on or About January 15, 2025Secure Energy Services Inc.'s Board of Directors has declared a quarterly dividend of $0.10 per common share payable on or about January 15, 2025, to shareholders of record on January 1, 2025.
New Risk • Dec 05New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$342k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 35% per year for the foreseeable future. High level of non-cash earnings (20% accrual ratio). Minor Risk Significant insider selling over the past 3 months (CA$342k sold).
分析記事 • Nov 06We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) ProfitSecure Energy Services Inc. ( TSE:SES ) recently released a strong earnings report, and the market responded by raising...
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CA$16.12, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 211% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$26.19 per share.
分析記事 • Nov 02Improved Earnings Required Before Secure Energy Services Inc. (TSE:SES) Stock's 31% Jump Looks JustifiedThe Secure Energy Services Inc. ( TSE:SES ) share price has done very well over the last month, posting an excellent...
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: CA$0.39 (up from CA$0.16 in 3Q 2023). Revenue: CA$2.61b (up 18% from 3Q 2023). Net income: CA$94.0m (up 100% from 3Q 2023). Profit margin: 3.6% (up from 2.1% in 3Q 2023). Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) also surpassed analyst estimates by 79%. Revenue is expected to decline by 81% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 01Price target increased by 9.8% to CA$17.38Up from CA$15.83, the current price target is an average from 10 analysts. New target price is 9.3% above last closing price of CA$15.90. Stock is up 101% over the past year. The company is forecast to post earnings per share of CA$2.29 for next year compared to CA$0.66 last year.
Price Target Changed • Oct 09Price target increased by 10% to CA$15.18Up from CA$13.75, the current price target is an average from 10 analysts. New target price is 10% above last closing price of CA$13.77. Stock is up 89% over the past year. The company is forecast to post earnings per share of CA$2.14 for next year compared to CA$0.66 last year.
分析記事 • Sep 23Secure Energy Services (TSE:SES) Is Paying Out A Dividend Of CA$0.10Secure Energy Services Inc.'s ( TSE:SES ) investors are due to receive a payment of CA$0.10 per share on 15th of...
Declared Dividend • Sep 19Second quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 1st October 2024 Payment date: 15th October 2024 Dividend yield will be 3.3%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 44% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Sep 17+ 1 more updateSecure Energy Services Inc. to Report Q3, 2024 Results on Oct 30, 2024Secure Energy Services Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024
Recent Insider Transactions Derivative • Aug 13Vice President of Environment exercised options to buy CA$456k worth of stock.On the 7th of August, Rhonda Rudnitski exercised 83.58k options at around CA$12,250, then sold 45.76k of them at CA$11.76 each and kept the remainder. Since December 2023, Rhonda has owned 26.26k shares directly. Company insiders have collectively bought CA$122m more than they sold, via options and on-market transactions, in the last 12 months.
Major Estimate Revision • Aug 06Consensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CA$1.21b to CA$1.36b. EPS estimate increased from CA$2.07 to CA$2.13 per share. Net income forecast to shrink 34% next year vs 1.6% growth forecast for Energy Services industry in Canada . Consensus price target up from CA$13.75 to CA$14.47. Share price fell 6.7% to CA$11.46 over the past week.
Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.12 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.12. Revenue: CA$2.55b (up 43% from 2Q 2023). Net income: CA$32.0m (down 5.9% from 2Q 2023). Profit margin: 1.3% (down from 1.9% in 2Q 2023). Revenue is expected to fall by 68% p.a. on average during the next 3 years compared to a 4.8% decline forecast for the Energy Services industry in Canada.
分析記事 • Jul 25Is Secure Energy Services (TSE:SES) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
分析記事 • Jun 21Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10Secure Energy Services Inc.'s ( TSE:SES ) investors are due to receive a payment of CA$0.10 per share on 15th of July...
Declared Dividend • Jun 20First quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (21% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 47% over the next 3 years. However, it would need to fall by 77% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jun 18+ 1 more updateSecure Energy Services Inc. to Report Q2, 2024 Results on Jul 30, 2024Secure Energy Services Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024
Recent Insider Transactions • Jun 10Insider recently sold CA$748k worth of stockOn the 6th of June, James Anderson sold around 65k shares on-market at roughly CA$11.50 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$755k. Insiders have been net sellers, collectively disposing of CA$1.2m more than they bought in the last 12 months.
分析記事 • May 03We Believe Secure Energy Services' (TSE:SES) Earnings Are A Poor Guide For Its ProfitabilitySecure Energy Services Inc.'s ( TSE:SES ) stock rose after it released a robust earnings report. Despite the strong...
Recent Insider Transactions • Apr 30Insider recently sold CA$755k worth of stockOn the 26th of April, James Anderson sold around 65k shares on-market at roughly CA$11.62 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$477k more than they bought in the last 12 months.
お知らせ • Apr 30Secure Energy Services Inc. (TSX:SES) announces an Equity Buyback for 13,181,020 shares, for CAD 150 million.Secure Energy Services Inc. (TSX:SES) announces a share repurchase program. Under the program, the company will repurchase up to 13,181,020 shares for $150 million. The shares will be repurchased at a price not more than CAD 11.38 per share. The repurchases will be funded from available cash on hand. The repurchased shares will be cancelled. The company has entered into a share repurchase agreement with TPG Angelo Gordon to repurchase it's shares.
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: CA$1.50 (vs CA$0.18 in 1Q 2023)First quarter 2024 results: EPS: CA$1.50 (up from CA$0.18 in 1Q 2023). Revenue: CA$2.85b (up 49% from 1Q 2023). Net income: CA$422.0m (up CA$367.0m from 1Q 2023). Profit margin: 15% (up from 2.9% in 1Q 2023). Revenue is expected to fall by 60% p.a. on average during the next 3 years compared to a 9.5% decline forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk High level of debt (80% net debt to equity).
分析記事 • Apr 07A Look At The Fair Value Of Secure Energy Services Inc. (TSE:SES)Key Insights The projected fair value for Secure Energy Services is CA$12.31 based on 2 Stage Free Cash Flow to Equity...
Price Target Changed • Apr 02Price target increased by 7.2% to CA$12.78Up from CA$11.92, the current price target is an average from 9 analysts. New target price is 11% above last closing price of CA$11.47. Stock is up 81% over the past year. The company is forecast to post earnings per share of CA$0.92 for next year compared to CA$0.66 last year.
Recent Insider Transactions Derivative • Mar 27CEO & Director exercised options and sold CA$8.3m worth of stockOn the 21st of March, Rene Amirault exercised options to acquire 732k shares at no cost and sold these for an average price of CA$11.35 per share. This trade did not impact their existing holding. For the year to December 2017, Rene's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2023, Rene's direct individual holding has decreased from 2.43m shares to 2.40m. Company insiders have collectively sold CA$25m more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Mar 21Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (3.1%).
分析記事 • Mar 21Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10The board of Secure Energy Services Inc. ( TSE:SES ) has announced that it will pay a dividend of CA$0.10 per share on...
Declared Dividend • Mar 20Fourth quarter dividend of CA$0.10 announcedDividend of CA$0.10 is the same as last year. Ex-date: 28th March 2024 Payment date: 15th April 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 79% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 16+ 1 more updateSecure Energy Services Inc. to Report Q1, 2024 Results on Apr 25, 2024Secure Energy Services Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024
Major Estimate Revision • Mar 04Consensus EPS estimates increase by 51%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CA$0.615 to CA$0.928. Revenue forecast steady at CA$1.28b. Net income forecast to grow 40% next year vs 14% growth forecast for Energy Services industry in Canada. Consensus price target up from CA$11.92 to CA$12.53. Share price rose 6.0% to CA$11.33 over the past week.
お知らせ • Feb 27+ 1 more updateSecure Energy Services Inc. Announces Chief Executive Officer Changes, Effective May 1, 2024SECURE Energy Services Inc. announced that Rene Amirault will be retiring from his role as Chief Executive Officer as of May 1, 2024. Mr. Amirault intends to remain on SECURE's Board of Directors as Vice Chair. Allen Gransch, President, will succeed Mr. Amirault as President and Chief Executive Officer, and will be nominated for election to the Board of Directors at SECURE's Annual General Meeting of Shareholders on April 26, 2024. The Board of Directors is pleased to appoint Allen Gransch to serve as SECURE's next CEO, effective May 1, 2024 Mr. Gransch has been with SECURE since first year of operations in the fall of 2007. From 2012 to 2017, Mr. Gransch held the position of Executive Vice President and Chief Financial Officer. In September 2017, Mr. Gransch was appointed EVP, Corporate Development. In April 2019, Mr. Gransch was appointed Chief Operating Officer and in November 2022 he was appointed President.