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. More Details
Mediocre balance sheet and slightly overvalued.
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 -55% over the past year.
Return vs Market: SES underperformed the Canadian Market which returned -60.7% 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
1 day ago | Simply Wall StAnalyst Estimates: Here's What Brokers Think Of Secure Energy Services Inc. (TSE:SES) After Its Third-Quarter Report
3 days ago | Simply Wall StAre Insiders Buying Secure Energy Services Inc. (TSE:SES) Stock?
2 weeks ago | Simply Wall StIf You Had Bought Secure Energy Services' (TSE:SES) Shares Five Years Ago You Would Be Down 83%
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$1.49) is trading below our estimate of fair value (CA$4.15)
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 CA 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's PB Ratio (0.3x) is in line with the CA Energy Services industry average.
How is Secure Energy Services forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SES is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: SES is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: SES is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: SES's revenue (6.9% per year) is forecast to grow slower than the Canadian market (7.3% per year).
High Growth Revenue: SES's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SES is forecast to be unprofitable in 3 years.
How has Secure Energy Services performed over the past 5 years?
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 52.2% 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 (-5.1%).
Return on Equity
High ROE: SES has a negative Return on Equity (-6.15%), as it is currently unprofitable.
How is Secure Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: SES's short term assets (CA$181.5M) exceed its short term liabilities (CA$118.9M).
Long Term Liabilities: SES's short term assets (CA$181.5M) do not cover its long term liabilities (CA$593.2M).
Debt to Equity History and Analysis
Debt Level: SES's debt to equity ratio (56.8%) is considered high.
Reducing Debt: SES's debt to equity ratio has increased from 28.2% to 56.8% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SES has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SES is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.9% per year.
What is Secure Energy Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SES's dividend (2.01%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: SES's dividend (2.01%) is low compared to the top 25% of dividend payers in the Canadian market (6.04%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SES has been paying a dividend for less than 10 years.
Growing Dividend: SES has only been paying a dividend for 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: SES is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: SES's dividends in 3 years are forecast to be well covered by earnings (43.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rene Amirault (59 yo)
Mr. Rene E. Amirault, CGA, has been the President and Chief Executive Officer at Secure Energy Services Inc. (formerly Secure Energy Services Ltd.) since March 2007. Mr. Amirault served as the Chief Execut ...
CEO Compensation Analysis
Compensation vs Market: Rene's total compensation ($USD2.11M) is above average for companies of similar size in the Canadian market ($USD676.41K).
Compensation vs Earnings: Rene's compensation has increased whilst the company is unprofitable.
|Executive VP & CFO||3yrs||CA$1.41m||0.073% |
|Executive Vice President of Operations||0.25yr||CA$1.54m||0.14% |
|Chief Operating Officer of Midstream||1.42yrs||CA$2.16m||0.33% |
|Executive Vice President of Commercial & Transportation||3yrs||CA$1.77m||0.050% |
|Executive Vice President of Environmental Solutions||7.42yrs||CA$1.06m||0.27% |
|Executive Vice President of New Ventures||0.25yr||CA$1.88m||0.16% |
Experienced Management: SES's management team is considered experienced (3 years average tenure).
|Lead Director & Independent Director||0.42yr||CA$187.00k||0.030% |
|Independent Director||13yrs||CA$195.34k||0.046% |
|Independent Director||1.58yrs||CA$177.50k||0.021% |
|Independent Director||0.42yr||no data||no data|
|Independent Director||1.42yrs||CA$102.67k||no data|
|Independent Director||7.42yrs||CA$179.50k||0.011% |
Experienced Board: SES's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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$225.254m
- Shares outstanding: 158.63m
- 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 St ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/31 00:49|
|End of Day Share Price||2020/10/30 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.