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SES

Secure Energy ServicesTSX:SES Stock Report

Market Cap

CA$1.8b

7D

-0.5%

1Y

294.5%

Updated

24 Oct, 2021

Data

Company Financials +
SES fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

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

Royal Dutch Shell

ENXTAM:RDSA

€160.8b

Waste Management

NYSE:WM

US$69.2b

Ecolab

NYSE:ECL

US$63.4b

Macquarie Group

ASX:MQG

AU$70.4b

Price History & Performance

Summary of all time highs, changes and price drops for Secure Energy Services
Historical stock prices
Current Share PriceCA$5.76
52 Week HighCA$1.29
52 Week LowCA$5.87
Beta3
1 Month Change32.41%
3 Month Change34.27%
1 Year Change294.52%
3 Year Change-30.35%
5 Year Change-30.94%
Change since IPO85.81%

Recent News & Updates

Jul 30
Analysts Just Shipped A Substantial Upgrade To Their Secure Energy Services Inc. (TSE:SES) Estimates

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...

May 17
Would Secure Energy Services (TSE:SES) Be Better Off With Less Debt?

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

SESCA Energy ServicesCA Market
7D-0.5%-2.5%1.3%
1Y294.5%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

Is SES's price volatile compared to industry and market?
SES volatility
SES Beta3
Industry Beta2.35
Market Beta1

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

FoundedEmployeesCEOWebsite
n/a950Rene Amiraulthttps://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

How do Secure Energy Services's earnings and revenue compare to its market cap?
SES fundamental statistics
Market CapCA$1.77b
Earnings (TTM)-CA$57.89m
Revenue (TTM)CA$2.10b

0.8x

P/S Ratio

-30.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SES income statement (TTM)
RevenueCA$2.10b
Cost of RevenueCA$2.05b
Gross ProfitCA$47.64m
ExpensesCA$105.53m
Earnings-CA$57.89m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.19
Gross Margin2.27%
Net Profit Margin-2.76%
Debt/Equity Ratio86.7%

How did SES perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

-8%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 22:23
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.