SES Future Growth

Future criteria checks 3/6

SES is forecast to grow earnings and revenue by 82.5% and 0.5% per annum respectively. EPS is expected to grow by 88.5% per annum. Return on equity is forecast to be 4.8% in 3 years.

Key information

82.5%

Earnings growth rate

88.5%

EPS growth rate

Media earnings growth	13.4%
Revenue growth rate	0.5%
Future return on equity	4.8%
Analyst coverage	Good
Last updated	03 May 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BDL:SESGL - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,070	195	658	N/A	5
12/31/2025	2,002	145	588	N/A	7
12/31/2024	1,991	166	592	N/A	6
3/31/2024	2,038	-923	N/A	N/A	N/A
12/31/2023	2,030	-941	3,074	3,479	N/A
9/30/2023	2,038	594	N/A	N/A	N/A
6/30/2023	2,032	-79	167	1,163	N/A
3/31/2023	1,986	-97	N/A	N/A	N/A
12/31/2022	1,944	-70	117	1,471	N/A
9/30/2022	1,863	405	N/A	N/A	N/A
6/30/2022	1,806	381	909	1,676	N/A
3/31/2022	1,794	425	N/A	N/A	N/A
12/31/2021	1,782	412	1,014	1,294	N/A
9/30/2021	1,785	-84	N/A	N/A	N/A
6/30/2021	1,803	-107	884	1,035	N/A
3/31/2021	1,833	-117	N/A	N/A	N/A
12/31/2020	1,876	-135	839	1,049	N/A
9/30/2020	1,942	151	N/A	N/A	N/A
6/30/2020	1,971	188	707	993	N/A
3/31/2020	1,982	226	N/A	N/A	N/A
12/31/2019	1,984	247	829	1,134	N/A
9/30/2019	1,993	191	N/A	N/A	N/A
6/30/2019	1,990	185	804	1,057	N/A
3/31/2019	2,013	218	N/A	N/A	N/A
12/31/2018	2,010	244	863	1,191	N/A
9/30/2018	1,977	458	N/A	N/A	N/A
6/30/2018	1,968	501	827	1,304	N/A
3/31/2018	1,972	519	N/A	N/A	N/A
12/31/2017	2,035	549	N/A	1,251	N/A
9/30/2017	2,106	518	N/A	N/A	N/A
6/30/2017	2,161	972	N/A	1,342	N/A
3/31/2017	2,128	961	N/A	N/A	N/A
12/31/2016	2,069	948	N/A	1,274	N/A
9/30/2016	2,012	993	N/A	N/A	N/A
6/30/2016	1,972	497	N/A	1,233	N/A
3/31/2016	2,018	529	N/A	N/A	N/A
12/31/2015	2,015	545	N/A	1,451	N/A
9/30/2015	2,005	538	N/A	N/A	N/A
6/30/2015	1,979	585	N/A	1,486	N/A
3/31/2015	1,931	582	N/A	N/A	N/A
12/31/2014	1,919	601	N/A	1,240	N/A
9/30/2014	1,891	591	N/A	N/A	N/A
6/30/2014	1,891	589	N/A	1,155	N/A
3/31/2014	1,887	575	N/A	N/A	N/A
12/31/2013	1,863	567	N/A	1,149	N/A
9/30/2013	1,847	606	N/A	N/A	N/A
6/30/2013	1,847	618	N/A	1,171	N/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 (2.3%).

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 (0.5% per year) is forecast to grow slower than the Luxembourg market (5% per year).

High Growth Revenue: SESGL's revenue (0.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SESGL's Return on Equity is forecast to be low in 3 years time (4.8%).

SES Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 16% to €6.20

Price target increased by 9.1% to €7.67

SES S.A. Reaffirms Revenue Guidance for the Fiscal Year 2024

Consensus EPS estimates fall by 49%

Consensus EPS estimates increase by 13%

SES S.A. Re-Affirms Revenue Guidance for the Year 2023

Recent updates

Price target decreased by 16% to €6.20

SES, Intelsat Reportedly Revive Talks on Potential Merger

First quarter 2024 earnings released

Price target increased by 9.1% to €7.67

SES S.A. Reaffirms Revenue Guidance for the Fiscal Year 2024

SES’s O3b mPOWER System Starts Providing High-performance Connectivity Services

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

SES S.A. Announces Board Appointments

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

Full year 2023 earnings: Revenues exceed analyst expectations

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

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

Is SES (BDL:SESGL) A Risky Investment?

SES S.A. to Report Q1, 2024 Results on May 02, 2024

Consensus EPS estimates fall by 49%

Consensus EPS estimates increase by 13%

SES's Fifth and Sixth O3b mPOWER Satellites Successfully Launched

New major risk - Financial position

New major risk - Revenue and earnings growth

SES S.A. Re-Affirms Revenue Guidance for the Year 2023

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

SES S.A. Appoints Adel Al-Saleh as Chief Executive Officer, Effective February 2024

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

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released

Is Now An Opportune Moment To Examine SES S.A. (BDL:SESGL)?

Now 20% undervalued after recent price drop

These 4 Measures Indicate That SES (BDL:SESGL) Is Using Debt Extensively

Intelsat Reportedly Ends Talks on Possible Tie-Up with SES S.A

Now 31% undervalued after recent price drop

Price target decreased by 12% to €7.35

SES Announces Chief Executive Officer Changes

Now 22% undervalued after recent price drop

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

First quarter 2023 earnings released

SES S.A. Provides Earnings Guidance for the Year 2023

What Does SES S.A.'s (BDL:SESGL) Share Price Indicate?

High number of new directors

We Think SES (BDL:SESGL) Is Taking Some Risk With Its Debt

Full year 2022 earnings released: €0.16 loss per share (vs €0.93 profit in FY 2021)

SES' (BDL:SESGL) Returns On Capital Tell Us There Is Reason To Feel Uneasy

SES S.A. to Report Q3, 2023 Results on Nov 02, 2023

SES Launches First Two O3b mPOWER Satellites

High number of new directors

Third quarter 2022 earnings released

At €6.23, Is It Time To Put SES S.A. (BDL:SESGL) On Your Watch List?

Investor sentiment deteriorated over the past week

These 4 Measures Indicate That SES (BDL:SESGL) Is Using Debt Extensively

Consensus forecasts updated

Second quarter 2022 earnings: Revenues in line with analyst expectations

SES S.A. Provides Revenue Guidance for the Year 2022

Ses S.A. Satellite Successfully Launched Onboard Spacex Rocket

Price target increased to €9.23

High number of new directors

SES (BDL:SESGL) Has Some Difficulty Using Its Capital Effectively

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new directors

Upcoming dividend of €0.42 per share

SES Elects Carlo Fassbinder and Jennifer Byrne as Directors

Consensus forecasts updated

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

SES' (BDL:SESGL) Upcoming Dividend Will Be Larger Than Last Year's

Full year 2021 earnings: Revenues in line with analyst expectations

SES S.A. Provides Earnings Guidance for the Year 2022

The Returns On Capital At SES (BDL:SESGL) Don't Inspire Confidence

Price target increased to €9.03

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

SES (BDL:SESGL) Has A Somewhat Strained Balance Sheet

A Look At The Intrinsic Value Of SES S.A. (BDL:SESGL)