SECURE Waste Infrastructure Corp.

TSX:SES Stock Report

Market Cap: CA$3.3b

SECURE Waste Infrastructure Past Earnings Performance

Past criteria checks 3/6

SECURE Waste Infrastructure has been growing earnings at an average annual rate of 65.1%, while the Oil and Gas industry saw earnings growing at 33.7% annually. Revenues have been growing at an average rate of 32.9% per year. SECURE Waste Infrastructure's return on equity is 20.3%, and it has net margins of 1.9%.

Key information

65.07%

Earnings growth rate

66.71%

EPS growth rate

Oil and Gas Industry Growth42.11%
Revenue growth rate32.92%
Return on equity20.33%
Net Margin1.89%
Last Earnings Update31 Mar 2025

Recent past performance updates

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

Nov 06
We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) Profit

Recent updates

SECURE Waste Infrastructure (TSE:SES) Is Due To Pay A Dividend Of CA$0.10

Mar 21
SECURE Waste Infrastructure (TSE:SES) Is Due To Pay A Dividend Of CA$0.10
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Metal Recycling Acquisition And Expansions May Offset Revenue Challenges Ahead

Mar 15 Strategic acquisitions and expansions are expected to create synergies and improve efficiencies, potentially enhancing net margins and revenue growth.

Is There An Opportunity With SECURE Waste Infrastructure Corp.'s (TSE:SES) 26% Undervaluation?

Feb 17
Is There An Opportunity With SECURE Waste Infrastructure Corp.'s (TSE:SES) 26% Undervaluation?

Should You Be Adding SECURE Waste Infrastructure (TSE:SES) To Your Watchlist Today?

Jan 25
Should You Be Adding SECURE Waste Infrastructure (TSE:SES) To Your Watchlist Today?

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

Nov 06
We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) Profit

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

Nov 02
Improved Earnings Required Before Secure Energy Services Inc. (TSE:SES) Stock's 31% Jump Looks Justified

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

Sep 23
Secure Energy Services (TSE:SES) Is Paying Out A Dividend Of CA$0.10

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

Jul 25
Is Secure Energy Services (TSE:SES) Using Too Much Debt?

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

Jun 21
Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10

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

May 03
We Believe Secure Energy Services' (TSE:SES) Earnings Are A Poor Guide For Its Profitability

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

Apr 07
A Look At The Fair Value Of Secure Energy Services Inc. (TSE:SES)

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

Mar 21
Secure Energy Services' (TSE:SES) Dividend Will Be CA$0.10

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

Feb 12
There's Reason For Concern Over Secure Energy Services Inc.'s (TSE:SES) Price

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

Jan 05
Calculating The Intrinsic Value Of Secure Energy Services Inc. (TSE:SES)

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

Dec 12
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

Nov 30
Here's Why Secure Energy Services (TSE:SES) Can Manage Its Debt Responsibly

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

Oct 30
Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking

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

Aug 27
Secure Energy Services (TSE:SES) Has A Pretty Healthy Balance Sheet

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

Jun 08
Is Secure Energy Services Inc. (TSE:SES) Trading At A 40% Discount?

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

Mar 20
The Return Trends At Secure Energy Services (TSE:SES) Look Promising

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

Feb 03
Secure Energy Services Inc. (TSE:SES) Shares Could Be 46% Below Their Intrinsic Value Estimate

Revenue & Expenses Breakdown

How SECURE Waste Infrastructure makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:SES Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2510,4961981390
31 Dec 2410,6725821410
30 Sep 2410,4766071480
30 Jun 2410,0775601440
31 Mar 249,2125621420
31 Dec 238,2441951360
30 Sep 237,9291681210
30 Jun 237,8631811200
31 Mar 238,1592011230
31 Dec 228,0021841190
30 Sep 227,317-141230
30 Jun 226,421-961230
31 Mar 224,855-1651080
31 Dec 213,766-203920
30 Sep 212,901-76790
30 Jun 212,100-59580
31 Mar 211,879-63500
31 Dec 201,824-85550
30 Sep 202,102-43630
30 Jun 202,377-39730
31 Mar 202,874-22830
31 Dec 193,0532890
30 Sep 192,98313900
30 Jun 193,08520930
31 Mar 193,01615960
31 Dec 182,93720950
30 Sep 182,934-18870
30 Jun 182,719-25850
31 Mar 182,583-32850
31 Dec 172,328-34820
30 Sep 172,179-20870
30 Jun 171,967-28830
31 Mar 171,652-35780
31 Dec 161,410-49740
30 Sep 161,170-126730
30 Jun 161,101-171710
31 Mar 161,189-167760
31 Dec 151,346-160860
30 Sep 151,635-87920
30 Jun 151,901-19970
31 Mar 152,1124990
31 Dec 142,27231940
30 Sep 142,08256870
30 Jun 141,92653840

Quality Earnings: SES has high quality earnings.

Growing Profit Margin: SES's current net profit margins (1.9%) are lower than last year (6.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SES has become profitable over the past 5 years, growing earnings by 65.1% 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 (-64.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (2.8%).


Return on Equity

High ROE: SES's Return on Equity (20.3%) is considered high.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/16 22:53
End of Day Share Price 2025/05/16 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

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.

AnalystInstitution
Nathan HeywoodATB Capital Markets
John GibsonBMO Capital Markets Equity Research
Anthony PetrucciCanaccord Genuity