(SES) SES AI - Overview
Sector: Consumer Cyclical | Industry: Auto Parts | Exchange: NYSE (USA) | Market Cap: 451m USD | Total Return: 26.4% in 12m
Avg Turnover: 9.78M
Qual. Beats: 0
Qual. Beats: 1
Warnings
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Altman Z'' -10.44 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
SES AI Corp (NYSE: SES) is a Massachusetts-based technology firm specializing in the development of lithium-metal and lithium-ion batteries. The company utilizes artificial intelligence to optimize battery performance for electric vehicles, urban air mobility, and energy storage systems. Its business model encompasses the manufacturing of battery cells, electrolytes, and complete energy storage solutions for global automotive manufacturers.
The lithium-metal sector is currently viewed as a high-potential alternative to traditional lithium-ion due to its superior energy density, which can significantly extend the range of electric aircraft and vehicles. Unlike traditional manufacturers, SES AI operates an integrated model that combines material science with software-driven safety monitoring. To better understand the competitive positioning of this stock, investors may find ValueRay to be a useful resource for further research. SES AI maintains a strategic operational presence across North America and the Asia-Pacific region to serve its international client base.
- Commercialization milestones for high-density lithium metal batteries drive investor confidence
- Strategic partnerships with automotive OEMs determine long-term revenue scaling potential
- AI-enhanced battery management software integration expands high-margin service revenue streams
- Geographic expansion in Asia Pacific markets increases exposure to EV manufacturing hubs
- Regulatory shifts in electric vehicle subsidies impact demand for advanced battery technologies
| Net Income: -72.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.23 > 0.02 and ΔFCF/TA 5.38 > 1.0 |
| NWC/Revenue: 781.7% < 20% (prev 3.06k%; Δ -2.28k% < -1%) |
| CFO/TA -0.22 > 3% & CFO -55.4m > Net Income -72.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 6.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (332.8m) vs 12m ago 1.06% < -2% |
| Gross Margin: 36.34% > 18% (prev 0.97%; Δ 3.54k% > 0.5%) |
| Asset Turnover: 7.83% > 50% (prev 2.56%; Δ 5.27% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.68 (Total Current Assets 200.6m - Total Current Liabilities 29.2m) / Total Assets 253.5m |
| B: -1.51 (Retained Earnings -384.0m / Total Assets 253.5m) |
| C: -0.28 (EBIT TTM -78.6m / Avg Total Assets 279.8m) |
| D: -7.66 (Book Value of Equity -385.2m / Total Liabilities 50.3m) |
| Altman-Z'' = -10.44 = D |
| DSRI: 1.94 (Receivables 8.18m/1.51m, Revenue 21.9m/7.83m) |
| GMI: 2.66 (GM 36.34% / 96.59%) |
| AQI: 6.82 (AQ_t 0.11 / AQ_t-1 0.02) |
| SGI: 2.80 (Revenue 21.9m / 7.83m) |
| TATA: -0.07 (NI -72.7m - CFO -55.4m) / TA 253.5m) |
| Beneish M = 3.92 (Cap -4..+1) = D |
As of May 25, 2026, the stock is trading at USD 1.22 with a total of 7,312,564 shares traded.
Over the past week, the price has changed by +7.96%,
over one month by +5.17%,
over three months by -25.15% and
over the past year by +26.42%.
SES AI has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold SES.
- StrongBuy: 1
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 2.7 | 121.3% |
P/S = 20.5551
P/B = 2.2167
Revenue TTM = 21.9m USD
EBIT TTM = -78.6m USD
EBITDA TTM = -68.1m USD
Long Term Debt = 5.42m USD (estimated: total debt 7.72m - short term 2.31m)
Short Term Debt = 2.31m USD (from shortTermDebt, last quarter)
Debt = 14.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 7.01m
Net Debt = -162.9m USD (calculated: Debt 14.7m - CCE 177.7m)
Enterprise Value = 287.6m USD (450.5m + Debt 14.7m - CCE 177.7m)
Interest Coverage Ratio = unknown (Ebit TTM -78.6m / Interest Expense TTM 0.0)
EV/FCF = -4.98x (Enterprise Value 287.6m / FCF TTM -57.7m)
FCF Yield = -20.07% (FCF TTM -57.7m / Enterprise Value 287.6m)
FCF Margin = -263.3% (FCF TTM -57.7m / Revenue TTM 21.9m)
Net Margin = -331.7% (Net Income TTM -72.7m / Revenue TTM 21.9m)
Gross Margin = 36.34% ((Revenue TTM 21.9m - Cost of Revenue TTM 14.0m) / Revenue TTM)
Gross Margin QoQ = 18.10% (prev 11.27%)
Tobins Q-Ratio = 1.13 (Enterprise Value 287.6m / Total Assets 253.5m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 14.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -62.1m (EBIT -78.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.86 (Total Current Assets 200.6m / Total Current Liabilities 29.2m)
Debt / Equity = 0.07 (Debt 14.7m / totalStockholderEquity, last quarter 203.2m)
Debt / EBITDA = 2.39 (negative EBITDA) (Net Debt -162.9m / EBITDA -68.1m)
Debt / FCF = 2.82 (negative FCF - burning cash) (Net Debt -162.9m / FCF TTM -57.7m)
Total Stockholder Equity = 223.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -25.99% (Net Income -72.7m / Total Assets 253.5m)
RoE = -11.96% (Net Income TTM -72.7m / Total Stockholder Equity 607.9m)
RoCE = -12.81% (EBIT -78.6m / Capital Employed (Equity 607.9m + L.T.Debt 5.42m))
RoIC = -27.42% (negative operating profit) (NOPAT -62.1m / Invested Capital 226.3m)
WACC = 10.44% (E(450.5m)/V(465.3m) * Re(10.78%) + D(14.7m)/V(465.3m) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 10.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.66 | Cagr: 2.50%
[DCF] Fair Price = unknown (Cash Flow -57.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.62 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 1.53 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-0.04 | Chg30d=N/A | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.04 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=-0.16 | Chg30d=-5.22% | Revisions=+20% | GrowthEPS=+3.0% | GrowthRev=+56.0%
EPS next Year (2027-12-31): EPS=-0.13 | Chg30d=-45.36% | Revisions=-20% | GrowthEPS=+15.1% | GrowthRev=+110.4%
[Analyst] Revisions Ratio: +20%