| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
SES Overview
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.
Secure Energy Services Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$5.76 |
| 52 Week High | CA$1.29 |
| 52 Week Low | CA$5.87 |
| Beta | 3 |
| 1 Month Change | 32.41% |
| 3 Month Change | 34.27% |
| 1 Year Change | 294.52% |
| 3 Year Change | -30.35% |
| 5 Year Change | -30.94% |
| Change since IPO | 85.81% |
Recent News & Updates
Analysts Just Shipped A Substantial Upgrade To Their Secure Energy Services Inc. (TSE:SES) Estimates
Celebrations may be in order for Secure Energy Services Inc. ( TSE:SES ) shareholders, with the analysts delivering a...
Would Secure Energy Services (TSE:SES) Be Better Off With Less Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Shareholder Returns
| SES | CA Energy Services | CA Market | |
|---|---|---|---|
| 7D | -0.5% | -2.5% | 1.3% |
| 1Y | 294.5% | 111.0% | 33.6% |
Return vs Industry: SES exceeded the Canadian Energy Services industry which returned 111% over the past year.
Return vs Market: SES exceeded the Canadian Market which returned 33.6% over the past year.
Price Volatility
| SES volatility | |
|---|---|
| SES Beta | 3 |
| Industry Beta | 2.35 |
| Market Beta | 1 |
Stable Share Price: SES is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SES's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 950 | Rene Amirault | https://www.secure-energy.com |
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 segment 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 and Fluid Management segment 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.
Secure Energy Services Fundamentals Summary
| SES fundamental statistics | |
|---|---|
| Market Cap | CA$1.77b |
| Earnings (TTM) | -CA$57.89m |
| Revenue (TTM) | CA$2.10b |
0.8x
P/S Ratio-30.7x
P/E RatioIs SES overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SES income statement (TTM) | |
|---|---|
| Revenue | CA$2.10b |
| Cost of Revenue | CA$2.05b |
| Gross Profit | CA$47.64m |
| Expenses | CA$105.53m |
| Earnings | -CA$57.89m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.19 |
| Gross Margin | 2.27% |
| Net Profit Margin | -2.76% |
| Debt/Equity Ratio | 86.7% |
How did SES perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield-8%
Payout RatioValuation
Is Secure Energy Services undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SES (CA$5.76) is trading below our estimate of fair value (CA$13.97)
Significantly Below Fair Value: SES is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SES is unprofitable, so we can't compare its PE Ratio to the Canadian Energy Services industry average.
PE vs Market: SES is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SES's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SES is overvalued based on its PB Ratio (2.7x) compared to the CA Energy Services industry average (0.8x).
Future Growth
How is Secure Energy Services forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
109.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SES is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: SES is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SES's is expected to become profitable in the next 3 years.
Revenue vs Market: SES's revenue (34.3% per year) is forecast to grow faster than the Canadian market (6.7% per year).
High Growth Revenue: SES's revenue (34.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SES's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Secure Energy Services performed over the past 5 years?
19.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SES is currently unprofitable.
Growing Profit Margin: SES is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SES is unprofitable, but has reduced losses over the past 5 years at a rate of 19.5% per year.
Accelerating Growth: Unable to compare SES's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SES is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-19%).
Return on Equity
High ROE: SES has a negative Return on Equity (-8.91%), as it is currently unprofitable.
Financial Health
How is Secure Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: SES's short term assets (CA$427.2M) exceed its short term liabilities (CA$360.4M).
Long Term Liabilities: SES's short term assets (CA$427.2M) do not cover its long term liabilities (CA$526.5M).
Debt to Equity History and Analysis
Debt Level: SES's debt to equity ratio (86.7%) is considered high.
Reducing Debt: SES's debt to equity ratio has increased from 18.8% to 86.7% over the past 5 years.
Balance Sheet
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: Whilst unprofitable SES has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SES is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.3% per year.
Dividend
What is Secure Energy Services's current dividend yield, its reliability and sustainability?
0.52%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SES's dividend (0.52%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.55%).
High Dividend: SES's dividend (0.52%) is low compared to the top 25% of dividend payers in the Canadian market (4.5%).
Stability and Growth of Payments
Stable Dividend: SES is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: SES is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: SES is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SES's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Rene Amirault (60 yo)
14.58yrs
Tenure
CA$2,422,629
Compensation
Mr. Rene E. Amirault, CGA, has been Chief Executive Officer at Secure Energy Services Inc. (formerly Secure Energy Services Ltd.) since March 2007 and serves as its President since March 2007. Mr. Amirault...
CEO Compensation Analysis
Compensation vs Market: Rene's total compensation ($USD1.96M) is about average for companies of similar size in the Canadian market ($USD1.97M).
Compensation vs Earnings: Rene's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SES's management team is considered experienced (4.1 years average tenure).
Board Members
Experienced Board: SES's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 94.3%.
Top Shareholders
Company Information
Secure Energy Services Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Secure Energy Services Inc.
- Ticker: SES
- Exchange: TSX
- Founded: NaN
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: CA$1.775b
- Shares outstanding: 308.10m
- Website: https://www.secure-energy.com
Number of Employees
Location
- Secure Energy Services Inc.
- 225 – 6th Avenue S.W
- Suit 2300
- Calgary
- Alberta
- T2P 1N2
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/24 22:23 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.