SECURE Waste Infrastructure Future Growth

Future criteria checks 1/6

SECURE Waste Infrastructure's revenue and earnings are forecast to decline at 54.2% and 32.8% per annum respectively. EPS is expected to decline by 26% per annum. Return on equity is forecast to be 22.7% in 3 years.

Key information

-32.8%

Earnings growth rate

-26.0%

EPS growth rate

Oil and Gas earnings growth	5.5%
Revenue growth rate	-54.2%
Future return on equity	22.7%
Analyst coverage	Low
Last updated	19 Dec 2024

Recent future growth updates

Recent updates

We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) Profit

Nov 06

Improved Earnings Required Before Secure Energy Services Inc. (TSE:SES) Stock's 31% Jump Looks Justified

Nov 02

We Believe Secure Energy Services' (TSE:SES) Earnings Are A Poor Guide For Its Profitability

May 03

A Look At The Fair Value Of Secure Energy Services Inc. (TSE:SES)

Apr 07

Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10

Mar 21

There's Reason For Concern Over Secure Energy Services Inc.'s (TSE:SES) Price

Feb 12

Calculating The Intrinsic Value Of Secure Energy Services Inc. (TSE:SES)

Jan 05

Secure Energy Services Inc. (TSE:SES) Analysts Just Trimmed Their Revenue Forecasts By 13%

Dec 12

Here's Why Secure Energy Services (TSE:SES) Can Manage Its Debt Responsibly

Nov 30

Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking

Oct 30

Secure Energy Services (TSE:SES) Has A Pretty Healthy Balance Sheet

Aug 27

Is Secure Energy Services Inc. (TSE:SES) Trading At A 40% Discount?

Jun 08

The Return Trends At Secure Energy Services (TSE:SES) Look Promising

Mar 20

Secure Energy Services Inc. (TSE:SES) Shares Could Be 46% Below Their Intrinsic Value Estimate

Feb 03

Is Secure Energy Services (TSE:SES) A Risky Investment?

Jan 04

Secure Energy Services Inc.'s (TSE:SES) Intrinsic Value Is Potentially 59% Above Its Share Price

Aug 31

Earnings and Revenue Growth Forecasts

TSX:SES - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	1,931	243	N/A	481	1
12/31/2026	1,595	258	341	434	3
12/31/2025	1,487	230	269	419	5
12/31/2024	1,428	598	287	407	4
9/30/2024	10,450	607	255	379	N/A
6/30/2024	10,051	560	249	400	N/A
3/31/2024	9,186	562	165	341	N/A
12/31/2023	8,244	195	227	430	N/A
9/30/2023	7,929	168	294	498	N/A
6/30/2023	7,863	181	293	471	N/A
3/31/2023	8,159	201	279	408	N/A
12/31/2022	8,002	184	315	411	N/A
9/30/2022	7,317	-14	260	339	N/A
6/30/2022	6,421	-96	135	197	N/A
3/31/2022	4,855	-165	100	150	N/A
12/31/2021	3,766	-203	31	74	N/A
9/30/2021	2,901	-76	53	88	N/A
6/30/2021	2,100	-59	93	125	N/A
3/31/2021	1,879	-63	92	127	N/A
12/31/2020	1,824	-85	78	149	N/A
9/30/2020	2,102	-43	63	156	N/A
6/30/2020	2,377	-39	40	154	N/A
3/31/2020	2,874	-22	47	185	N/A
12/31/2019	3,053	2	76	197	N/A
9/30/2019	2,983	13	79	207	N/A
6/30/2019	3,085	20	49	190	N/A
3/31/2019	3,016	15	65	211	N/A
12/31/2018	2,937	20	8	187	N/A
9/30/2018	2,934	-18	-42	150	N/A
6/30/2018	2,719	-25	N/A	133	N/A
3/31/2018	2,583	-32	N/A	99	N/A
12/31/2017	2,328	-34	N/A	109	N/A
9/30/2017	2,179	-20	N/A	101	N/A
6/30/2017	1,967	-28	N/A	115	N/A
3/31/2017	1,652	-35	N/A	101	N/A
12/31/2016	1,410	-49	N/A	97	N/A
9/30/2016	1,170	-126	N/A	121	N/A
6/30/2016	1,101	-171	N/A	111	N/A
3/31/2016	1,189	-167	N/A	186	N/A
12/31/2015	1,346	-160	N/A	131	N/A
9/30/2015	1,635	-87	N/A	152	N/A
6/30/2015	1,901	-19	N/A	144	N/A
3/31/2015	2,112	4	N/A	173	N/A
12/31/2014	2,272	31	N/A	195	N/A
9/30/2014	2,082	56	N/A	153	N/A
6/30/2014	1,926	53	N/A	183	N/A
3/31/2014	1,696	44	N/A	119	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SES's earnings are forecast to decline over the next 3 years (-32.8% per year).

Earnings vs Market: SES's earnings are forecast to decline over the next 3 years (-32.8% per year).

High Growth Earnings: SES's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SES's revenue is expected to decline over the next 3 years (-54.2% per year).

High Growth Revenue: SES's revenue is forecast to decline over the next 3 years (-54.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SES's Return on Equity is forecast to be high in 3 years time (22.7%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/03 23:43
End of Day Share Price	2025/01/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SECURE Waste Infrastructure Corp. is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nathan Heywood	ATB Capital Markets
John Gibson	BMO Capital Markets Equity Research
Anthony Petrucci	Canaccord Genuity

SECURE Waste Infrastructure Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 9.8% to CA$17.38

Price target increased by 10% to CA$15.18

Consensus revenue estimates increase by 13%

Price target increased by 7.2% to CA$12.78

Consensus EPS estimates increase by 51%

Price target increased by 16% to CA$10.63

Recent updates

Third quarter dividend of CA$0.10 announced

Secure Energy Services Inc. Declares Quarterly Dividend, Payable on or About January 15, 2025

New minor risk - Insider selling

We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) Profit

Investor sentiment improves as stock rises 17%

Improved Earnings Required Before Secure Energy Services Inc. (TSE:SES) Stock's 31% Jump Looks Justified

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 9.8% to CA$17.38

Price target increased by 10% to CA$15.18

Secure Energy Services (TSE:SES) Is Paying Out A Dividend Of CA$0.10

Second quarter dividend of CA$0.10 announced

Secure Energy Services Inc. to Report Q3, 2024 Results on Oct 30, 2024

Vice President of Environment exercised options to buy CA$456k worth of stock.

Consensus revenue estimates increase by 13%

Second quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.12 in 2Q 2023)

Is Secure Energy Services (TSE:SES) Using Too Much Debt?

Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10

First quarter dividend of CA$0.10 announced

Secure Energy Services Inc. to Report Q2, 2024 Results on Jul 30, 2024

Insider recently sold CA$748k worth of stock

We Believe Secure Energy Services' (TSE:SES) Earnings Are A Poor Guide For Its Profitability

Insider recently sold CA$755k worth of stock

Secure Energy Services Inc. (TSX:SES) announces an Equity Buyback for 13,181,020 shares, for CAD 150 million.

First quarter 2024 earnings released: EPS: CA$1.50 (vs CA$0.18 in 1Q 2023)

New major risk - Revenue and earnings growth

A Look At The Fair Value Of Secure Energy Services Inc. (TSE:SES)

Price target increased by 7.2% to CA$12.78

CEO & Director exercised options and sold CA$8.3m worth of stock

Upcoming dividend of CA$0.10 per share

Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10

Fourth quarter dividend of CA$0.10 announced

Secure Energy Services Inc. to Report Q1, 2024 Results on Apr 25, 2024

Consensus EPS estimates increase by 51%

Secure Energy Services Inc. Announces Chief Executive Officer Changes, Effective May 1, 2024

Full year 2023 earnings released: EPS: CA$0.66 (vs CA$0.59 in FY 2022)

Secure Energy Services Inc., Annual General Meeting, Apr 26, 2024

There's Reason For Concern Over Secure Energy Services Inc.'s (TSE:SES) Price

Waste Connections of Canada Inc. completed the acquisition of Portfolio of 30 Energy Waste Treatment and Disposal Facilities in Western Canada from Secure Energy Services Inc. (TSX:SES).

CEO & Director exercised options and sold CA$692k worth of stock

Calculating The Intrinsic Value Of Secure Energy Services Inc. (TSE:SES)

Secure Energy Services Inc. Announces Quarterly Dividend , Payable on or About January 15, 2024

Price target increased by 16% to CA$10.63

Secure Energy Services Inc. (TSE:SES) Analysts Just Trimmed Their Revenue Forecasts By 13%

Here's Why Secure Energy Services (TSE:SES) Can Manage Its Debt Responsibly

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking

Upcoming dividend of CA$0.10 per share at 5.1% yield

Secure Energy Services Inc. Announces Quarterly Dividend , Payable on or About October 16, 2023

Secure Energy Services (TSE:SES) Has A Pretty Healthy Balance Sheet

Now 20% undervalued

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Secure Energy Services Inc. to Report Q2, 2023 Results on Jul 27, 2023

Is Secure Energy Services Inc. (TSE:SES) Trading At A 40% Discount?

CEO & Director recently bought CA$165k worth of stock

First quarter 2023 earnings: EPS misses analyst expectations

Independent Director recently bought CA$93k worth of stock

Upcoming dividend of CA$0.10 per share at 6.5% yield

The Return Trends At Secure Energy Services (TSE:SES) Look Promising

Chairman of the Board recently bought CA$694k worth of stock

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings: EPS misses analyst expectations

Secure Energy Services Inc., Annual General Meeting, Apr 28, 2023

Secure Energy Services Inc. (TSE:SES) Shares Could Be 46% Below Their Intrinsic Value Estimate

High number of new directors

CEO & Director exercised options and sold CA$177k worth of stock

Insider recently bought CA$429k worth of stock

Secure Energy Services Inc. Announces Board Changes

Is Secure Energy Services (TSE:SES) A Risky Investment?

Upcoming dividend of CA$0.10 per share