SES S.A.

BDL:SESGL Stock Report

Market Cap: €3.3b

SES Future Growth

Future criteria checks 3/6

SES is forecast to grow earnings and revenue by 63.9% and 2.6% per annum respectively. EPS is expected to grow by 63.6% per annum. Return on equity is forecast to be -2.8% in 3 years.

Key information

63.9%

Earnings growth rate

63.56%

EPS growth rate

Media earnings growth21.9%
Revenue growth rate2.6%
Future return on equity-2.79%
Analyst coverage

Good

Last updated06 Jul 2026

Recent future growth updates

Analysis Article • Aug 03

Earnings Update: Here's Why Analysts Just Lifted Their SES S.A. (BDL:SESGL) Price Target To €5.40

Shareholders might have noticed that SES S.A. ( BDL:SESGL ) filed its half-year result this time last week. The early...

Recent updates

Analysis Article • Jan 18

SES S.A.'s (BDL:SESGL) P/S Is Still On The Mark Following 27% Share Price Bounce

SES S.A. ( BDL:SESGL ) shares have had a really impressive month, gaining 27% after a shaky period beforehand. The...
Analysis Article • Nov 06

SES S.A.'s (BDL:SESGL) P/S Still Appears To Be Reasonable

When you see that almost half of the companies in the Media industry in Luxembourg have price-to-sales ratios (or...
Analysis Article • Oct 03

SES (BDL:SESGL) Has Announced A Dividend Of €0.2125

SES S.A. ( BDL:SESGL ) has announced that it will pay a dividend of €0.2125 per share on the 16th of October. Based on...
Analysis Article • Aug 03

Earnings Update: Here's Why Analysts Just Lifted Their SES S.A. (BDL:SESGL) Price Target To €5.40

Shareholders might have noticed that SES S.A. ( BDL:SESGL ) filed its half-year result this time last week. The early...
Analysis Article • Aug 02

SES (BDL:SESGL) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jul 06

SES S.A.'s (BDL:SESGL) 26% Price Boost Is Out Of Tune With Revenues

The SES S.A. ( BDL:SESGL ) share price has done very well over the last month, posting an excellent gain of 26...
Analysis Article • Apr 22

Here's Why SES (BDL:SESGL) Has A Meaningful Debt Burden

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Mar 26

SES S.A.'s (BDL:SESGL) 51% Price Boost Is Out Of Tune With Revenues

SES S.A. ( BDL:SESGL ) shares have continued their recent momentum with a 51% gain in the last month alone. Not all...
Analysis Article • Mar 06

We Think SES' (BDL:SESGL) Healthy Earnings Might Be Conservative

Shareholders appeared to be happy with SES S.A.'s ( BDL:SESGL ) solid earnings report last week. According to our...
Analysis Article • Mar 02

SES S.A. (BDL:SESGL) Released Earnings Last Week And Analysts Lifted Their Price Target To €5.70

It's been a pretty great week for SES S.A. ( BDL:SESGL ) shareholders, with its shares surging 17% to €4.23 in the week...
Analysis Article • Feb 09

SES S.A.'s (BDL:SESGL) Shares Climb 27% But Its Business Is Yet to Catch Up

SES S.A. ( BDL:SESGL ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
Analysis Article • Dec 09

A Piece Of The Puzzle Missing From SES S.A.'s (BDL:SESGL) Share Price

There wouldn't be many who think SES S.A.'s ( BDL:SESGL ) price-to-sales (or "P/S") ratio of 0.7x is worth a mention...
Analysis Article • Aug 29

Is SES (BDL:SESGL) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Aug 02

SES S.A.'s (BDL:SESGL) Price Is Out Of Tune With Revenues

There wouldn't be many who think SES S.A.'s ( BDL:SESGL ) price-to-sales (or "P/S") ratio of 1x is worth a mention when...
Analysis Article • Apr 14

Some Shareholders Feeling Restless Over SES S.A.'s (BDL:SESGL) P/S Ratio

When you see that almost half of the companies in the Media industry in Luxembourg have price-to-sales ratios (or...
Analysis Article • Mar 06

Why SES S.A. (BDL:SESGL) Could Be Worth Watching

SES S.A. ( BDL:SESGL ), is not the largest company out there, but it saw a decent share price growth of 15% on the BDL...
Analysis Article • Jan 24

These Return Metrics Don't Make SES (BDL:SESGL) Look Too Strong

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? More often...
Analysis Article • Jan 03

SES S.A.'s (BDL:SESGL) Share Price Not Quite Adding Up

When close to half the companies in the Media industry in Luxembourg have price-to-sales ratios (or "P/S") below 0.7x...
Analysis Article • Dec 11

Is SES (BDL:SESGL) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Oct 20

Is It Time To Consider Buying SES S.A. (BDL:SESGL)?

SES S.A. ( BDL:SESGL ), is not the largest company out there, but it saw significant share price movement during recent...
Analysis Article • Sep 18

These Return Metrics Don't Make SES (BDL:SESGL) Look Too Strong

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...

Earnings and Revenue Growth Forecasts

BDL:SESGL - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,464-15384N/A8
12/31/20273,448-58411N/A10
12/31/20263,423-141518N/A10
3/31/20262,965-151N/AN/AN/A
12/31/20252,627-106360908N/A
9/30/20252,273-132N/AN/AN/A
6/30/20252,050-568181,218N/A
3/31/20252,012-44N/AN/AN/A
12/31/20242,001N/A7031,006N/A
9/30/20242,011-1,726N/AN/AN/A
6/30/20242,021-9502,9503,273N/A
3/31/20242,038-923N/AN/AN/A
12/31/20232,030-9413,0743,479N/A
9/30/20232,038594N/AN/AN/A
6/30/20232,032-791521,148N/A
3/31/20231,986-97N/AN/AN/A
12/31/20221,944-701171,471N/A
9/30/20221,863405N/AN/AN/A
6/30/20221,8063819091,676N/A
3/31/20221,794425N/AN/AN/A
12/31/20211,7824121,0141,294N/A
9/30/20211,785-84N/AN/AN/A
6/30/20211,803-1078841,035N/A
3/31/20211,833-117N/AN/AN/A
12/31/20201,876-1358391,049N/A
9/30/20201,942151N/AN/AN/A
6/30/20201,971188707993N/A
3/31/20201,982226N/AN/AN/A
12/31/20191,984247N/A1,134N/A
9/30/20191,993191N/AN/AN/A
6/30/20191,990185N/A1,057N/A
3/31/20192,013218N/AN/AN/A
12/31/20182,010244N/A1,191N/A
9/30/20181,977458N/AN/AN/A
6/30/20181,968501N/A1,304N/A
3/31/20181,972519N/AN/AN/A
12/31/20172,035549N/A1,251N/A
9/30/20172,106518N/AN/AN/A
6/30/20172,161972N/A1,342N/A
3/31/20172,128961N/AN/AN/A
12/31/20162,069948N/A1,274N/A
9/30/20162,012993N/AN/AN/A
6/30/20161,972497N/A1,233N/A
3/31/20162,018529N/AN/AN/A
12/31/20152,015545N/A1,451N/A
9/30/20152,005538N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SESGL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: SESGL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SESGL is expected to become profitable in the next 3 years.

Revenue vs Market: SESGL's revenue (2.6% per year) is forecast to grow slower than the Luxembourg market (5.5% per year).

High Growth Revenue: SESGL's revenue (2.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SESGL is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 13:10
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

SES S.A. is covered by 36 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Charles BealeArete Research Services LLP
JULIEN ROCHBarclays
Nicholas Michael DempseyBarclays