Secure Energy Services Inc., an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States.
Fair value with moderate growth potential.
Share Price & News
How has Secure Energy Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SES's share price has been volatile over the past 3 months.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: SES underperformed the Canadian Energy Services industry which returned -72% over the past year.
Return vs Market: SES underperformed the Canadian Market which returned -25.3% over the past year.
Price Volatility Vs. Market
How volatile is Secure Energy Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Does Secure Energy Services Inc. (TSE:SES) Affect Your Portfolio Volatility?
1 month ago | Simply Wall StHow Does Secure Energy Services Inc. (TSE:SES) Fare As A Dividend Stock?
2 months ago | Simply Wall StDon't Race Out To Buy Secure Energy Services Inc. (TSE:SES) Just Because It's Going Ex-Dividend
Is Secure Energy Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SES (CA$0.94) is trading below our estimate of fair value (CA$7.47)
Significantly Below Fair Value: SES is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SES is poor value based on its PE Ratio (93.4x) compared to the Energy Services industry average (9.2x).
PE vs Market: SES is poor value based on its PE Ratio (93.4x) compared to the Canadian market (10.6x).
Price to Earnings Growth Ratio
PEG Ratio: SES is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: SES is good value based on its PB Ratio (0.2x) compared to the CA Energy Services industry average (0.3x).
How is Secure Energy Services forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SES's forecast earnings growth (24% per year) is above the savings rate (1.4%).
Earnings vs Market: SES's earnings (24% per year) are forecast to grow faster than the Canadian market (7.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SES's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: SES's revenue is forecast to decline over the next 3 years (-1.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SES's Return on Equity is forecast to be low in 3 years time (2.5%).
How has Secure Energy Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SES has high quality earnings.
Growing Profit Margin: SES's current net profit margins (0.05%) are lower than last year (0.7%).
Past Earnings Growth Analysis
Earnings Trend: SES has become profitable over the past 5 years, growing earnings by 36% per year.
Accelerating Growth: SES's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SES had negative earnings growth (-92%) over the past year, making it difficult to compare to the Energy Services industry average (18.1%).
Return on Equity
High ROE: SES's Return on Equity (0.02%) is considered low.
How is Secure Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: SES's short term assets (CA$314.5M) exceed its short term liabilities (CA$210.3M).
Long Term Liabilities: SES's short term assets (CA$314.5M) do not cover its long term liabilities (CA$624.7M).
Debt to Equity History and Analysis
Debt Level: SES's debt to equity ratio (55.8%) is considered high.
Reducing Debt: SES's debt to equity ratio has increased from 51.8% to 55.8% over the past 5 years.
Inventory Level: SES has a high level of physical assets or inventory.
Debt Coverage by Assets: SES's debt is not covered by short term assets (assets are 0.7x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SES is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: SES is profitable, therefore cash runway is not a concern.
What is Secure Energy Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SES's dividend (28.72%) is higher than the bottom 25% of dividend payers in the Canadian market (2.75%).
High Dividend: SES's dividend (28.72%) is in the top 25% of dividend payers in the Canadian market (8.79%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SES has been paying a dividend for less than 10 years.
Growing Dividend: SES's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (2683.1%), SES's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SES is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rene Amirault (58yo)
Mr. Rene E. Amirault, CGA, has been the President and Chief Executive Officer at Secure Energy Services Inc. (formerly Secure Energy Services Ltd.) since March 2007. Mr. Amirault served as the Chief Execut ...
CEO Compensation Analysis
Compensation vs Market: Rene's total compensation ($USD1.99M) is above average for companies of similar size in the Canadian market ($USD157.44K).
Compensation vs Earnings: Rene's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||2.5yrs||CA$1.41m||0.072% CA$117.3k|
|Executive Vice President of Corporate Development||0.83yr||CA$1.54m||0.14% CA$234.2k|
|Chief Operating Officer of Midstream||0.92yr||CA$2.16m||0.29% CA$468.6k|
|Executive Vice President of Commercial & Transportation||2.5yrs||CA$1.77m||0.051% CA$83.1k|
|Executive Vice President of Operations||0.83yr||CA$1.88m||0.16% CA$256.4k|
|Executive Vice President of Drilling & Production Services||7.25yrs||CA$1.12m||0.40% CA$652.5k|
|Executive Vice President of Corporate Services||0.83yr||CA$1.06m||0.10% CA$166.4k|
|Executive Vice President of Environmental Solutions||6.92yrs||CA$1.06m||0.28% CA$450.8k|
Experienced Management: SES's management team is considered experienced (2.5 years average tenure).
|Independent Director||10.92yrs||CA$187.00k||0.030% CA$48.9k|
|Independent Director||12.5yrs||CA$195.34k||0.047% CA$76.7k|
|Lead Independent Director||10.25yrs||CA$207.34k||0.25% CA$402.5k|
|Independent Director||12.75yrs||CA$199.95k||0.27% CA$448.2k|
|Independent Director||1.08yrs||CA$177.50k||0.021% CA$34.3k|
|Independent Director||0.92yr||CA$102.67k||no data|
|Independent Director||6.83yrs||CA$179.50k||0.011% CA$17.8k|
|Independent Director||1.58yrs||CA$172.00k||0.0091% CA$14.9k|
Experienced Board: SES's board of directors are considered experienced (8.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SES insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Secure Energy Services Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Secure Energy Services Inc.
- Ticker: SES
- Exchange: TSX
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: CA$163.747m
- Shares outstanding: 157.45m
- Website: https://www.secure-energy.com
Number of Employees
- Secure Energy Services Inc.
- Bow Valley Square 2
- Suite 3600
- T2P 2V7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SES||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 2010|
|SEP||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2010|
|SECY.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 2010|
Secure Energy Services Inc., an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. The company’s Midstream Infrastructure division provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills. Its Environmental Solutions division offers pipeline integrity projects; demolition, decommissioning, reclamation, and remediation of former well sites, facilities, and commercial and industrial properties; environmental construction projects; onsite integrated fluid solutions for water management, recycling, pumping, and storage; naturally occurring radioactive material management; waste container services; and emergency response services. The company’s Technical Solutions division provides product solutions for drilling, completion, and production operations for oil and gas producers; and design and implementation of drilling fluid systems for producers drilling for oil, bitumen, and natural gas. This division also offers equipment and chemical solutions for chemicals and enhanced oil recovery line. Secure Energy Services Inc. is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 01:51|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.