(SES) SES AI - Ratings and Ratios
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US78397Q1094
Lithium-Metal Batteries, Electrolyte Materials, Battery Cells
Description: SES SES AI October 26, 2025
SES AI Corp (NYSE:SES) designs and manufactures AI-enhanced lithium-metal and lithium-ion rechargeable batteries for electric vehicles, urban air mobility, drones, robotics, and stationary energy storage. The firm sells both complete cells and key materials such as electrolytes directly to automotive OEMs, operating primarily in the United States and the Asia-Pacific region. Founded in 2012, its headquarters are in Woburn, Massachusetts, and it is classified under the Automotive Parts & Equipment sub-industry.
Key industry context: • Global demand for EV battery capacity is projected to grow at a ~20% compound annual growth rate, reaching roughly 1.5 TWh of lithium-ion production by 2030 (BloombergNEF, 2024). • The U.S. Inflation Reduction Act offers up to $7.5 billion in tax credits for domestically produced battery cells, creating a strong fiscal incentive for companies like SES AI to expand U.S. manufacturing. • SES AI disclosed a $45 million Series B financing round in early 2023, which it earmarked for scaling its lithium-metal cell line and AI-driven process optimization.
For a deeper, data-driven look at SES AI’s valuation metrics and peer comparison, you may find ValueRay’s analytical dashboards worth exploring.
SES Stock Overview
| Market Cap in USD | 1,222m |
| Sub-Industry | Automotive Parts & Equipment |
| IPO / Inception | 2021-03-01 |
SES Stock Ratings
| Growth Rating | -16.1% |
| Fundamental | 34.9% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 253% |
| Analyst Rating | 3.0 of 5 |
SES Dividends
Currently no dividends paidSES Growth Ratios
| Growth Correlation 3m | 83.1% |
| Growth Correlation 12m | 69.1% |
| Growth Correlation 5y | -92.4% |
| CAGR 5y | -26.16% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.27 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.37 |
| Sharpe Ratio 12m | -0.43 |
| Alpha | 270.85 |
| Beta | 0.506 |
| Volatility | 139.28% |
| Current Volume | 11503.2k |
| Average Volume 20d | 21505.7k |
| Stop Loss | 2.2 (-9.8%) |
| Signal | -0.77 |
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income (-99.8m TTM) > 0 and > 6% of Revenue (6% = 681.6k TTM) |
| FCFTA -0.25 (>2.0%) and ΔFCFTA -4.76pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 1967 % (prev 3770 %; Δ -1803 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.24 (>3.0%) and CFO -69.3m > Net Income -99.8m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 12.46 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (331.7m) change vs 12m ago 3.40% (target <= -2.0% for YES) |
| Gross Margin -991.3% (prev 12.30%; Δ -1004 pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 3.45% (prev 2.13%; Δ 1.32pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -7.22 (EBITDA TTM -98.9m / Interest Expense TTM 15.0m) >= 6 (WARN >= 3) |
Altman Z'' -9.48
| (A) 0.77 = (Total Current Assets 243.0m - Total Current Liabilities 19.5m) / Total Assets 290.5m |
| (B) -1.15 = Retained Earnings (Balance) -334.0m / Total Assets 290.5m |
| warn (B) unusual magnitude: -1.15 — check mapping/units |
| (C) -0.33 = EBIT TTM -108.6m / Avg Total Assets 329.4m |
| (D) -8.16 = Book Value of Equity -336.5m / Total Liabilities 41.2m |
| Total Rating: -9.48 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 34.91
| 1. Piotroski 0.0pt = -5.0 |
| 2. FCF Yield -7.26% = -3.63 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.04 = 2.50 |
| 5. Debt/Ebitda 0.02 = 2.50 |
| 6. ROIC - WACC (= -48.27)% = -12.50 |
| 7. RoE -36.08% = -2.50 |
| 8. Rev. Trend 58.50% = 4.39 |
| 9. EPS Trend -16.88% = -0.84 |
What is the price of SES shares?
As of October 29, 2025, the stock is trading at USD 2.44 with a total of 11,503,200 shares traded.
Over the past week, the price has changed by -25.38%, over one month by +39.43%, over three months by +79.41% and over the past year by +321.42%.
Over the past week, the price has changed by -25.38%, over one month by +39.43%, over three months by +79.41% and over the past year by +321.42%.
Is SES AI a good stock to buy?
No, based on ValueRay´s Fundamental Analyses, SES AI (NYSE:SES) is currently (October 2025)
a stock to sell. It has a ValueRay Fundamental Rating of 34.91 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SES is around 2.24 USD . This means that SES is currently overvalued and has a potential downside of -8.2%.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SES is around 2.24 USD . This means that SES is currently overvalued and has a potential downside of -8.2%.
Is SES a buy, sell or hold?
SES AI has received a consensus analysts rating of 3.00.
Therefor, it is recommend to hold SES.
- Strong Buy: 1
- Buy: 0
- Hold: 2
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the SES price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 1.5 | -38.5% |
| Analysts Target Price | 1.5 | -38.5% |
| ValueRay Target Price | 2.5 | 1.6% |
SES Fundamental Data Overview October 16, 2025
Market Cap USD = 1.22b (1.22b USD * 1.0 USD.USD)
P/S = 107.5708
P/B = 2.5614
Beta = 0.506
Revenue TTM = 11.4m USD
EBIT TTM = -108.6m USD
EBITDA TTM = -98.9m USD
Long Term Debt = 9.30m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.73m USD (from shortTermDebt, last quarter)
Debt = 9.30m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.45m USD (from netDebt column, last quarter)
Enterprise Value = 1.00b USD (1.22b + Debt 9.30m - CCE 228.9m)
Interest Coverage Ratio = -7.22 (Ebit TTM -108.6m / Interest Expense TTM 15.0m)
FCF Yield = -7.26% (FCF TTM -72.8m / Enterprise Value 1.00b)
FCF Margin = -640.7% (FCF TTM -72.8m / Revenue TTM 11.4m)
Net Margin = -878.6% (Net Income TTM -99.8m / Revenue TTM 11.4m)
Gross Margin = -991.3% ((Revenue TTM 11.4m - Cost of Revenue TTM 124.0m) / Revenue TTM)
Gross Margin QoQ = -626.0% (prev -380.4%)
Tobins Q-Ratio = 3.45 (Enterprise Value 1.00b / Total Assets 290.5m)
Interest Expense / Debt = 161.6% (Interest Expense 15.0m / Debt 9.30m)
Taxrate = -3.04% (negative due to tax credits) (668.0k / -22.0m)
NOPAT = -111.9m (EBIT -108.6m * (1 - -3.04%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 12.46 (Total Current Assets 243.0m / Total Current Liabilities 19.5m)
Debt / Equity = 0.04 (Debt 9.30m / totalStockholderEquity, last quarter 249.2m)
Debt / EBITDA = 0.02 (negative EBITDA) (Net Debt -2.45m / EBITDA -98.9m)
Debt / FCF = 0.03 (negative FCF - burning cash) (Net Debt -2.45m / FCF TTM -72.8m)
Total Stockholder Equity = 276.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -34.36% (Net Income -99.8m / Total Assets 290.5m)
RoE = -36.08% (Net Income TTM -99.8m / Total Stockholder Equity 276.7m)
RoCE = -37.98% (EBIT -108.6m / Capital Employed (Equity 276.7m + L.T.Debt 9.30m))
RoIC = -40.45% (negative operating profit) (NOPAT -111.9m / Invested Capital 276.7m)
WACC = 7.82% (E(1.22b)/V(1.23b) * Re(7.88%) + (debt cost/tax rate unavailable))
Discount Rate = 7.88% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 2.37%
Fair Price DCF = unknown (Cash Flow -72.8m)
EPS Correlation: -16.88 | EPS CAGR: 11.68% | SUE: 0.32 | # QB: 0
Revenue Correlation: 58.50 | Revenue CAGR: 85.75% | SUE: -0.56 | # QB: 0
P/S = 107.5708
P/B = 2.5614
Beta = 0.506
Revenue TTM = 11.4m USD
EBIT TTM = -108.6m USD
EBITDA TTM = -98.9m USD
Long Term Debt = 9.30m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.73m USD (from shortTermDebt, last quarter)
Debt = 9.30m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.45m USD (from netDebt column, last quarter)
Enterprise Value = 1.00b USD (1.22b + Debt 9.30m - CCE 228.9m)
Interest Coverage Ratio = -7.22 (Ebit TTM -108.6m / Interest Expense TTM 15.0m)
FCF Yield = -7.26% (FCF TTM -72.8m / Enterprise Value 1.00b)
FCF Margin = -640.7% (FCF TTM -72.8m / Revenue TTM 11.4m)
Net Margin = -878.6% (Net Income TTM -99.8m / Revenue TTM 11.4m)
Gross Margin = -991.3% ((Revenue TTM 11.4m - Cost of Revenue TTM 124.0m) / Revenue TTM)
Gross Margin QoQ = -626.0% (prev -380.4%)
Tobins Q-Ratio = 3.45 (Enterprise Value 1.00b / Total Assets 290.5m)
Interest Expense / Debt = 161.6% (Interest Expense 15.0m / Debt 9.30m)
Taxrate = -3.04% (negative due to tax credits) (668.0k / -22.0m)
NOPAT = -111.9m (EBIT -108.6m * (1 - -3.04%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 12.46 (Total Current Assets 243.0m / Total Current Liabilities 19.5m)
Debt / Equity = 0.04 (Debt 9.30m / totalStockholderEquity, last quarter 249.2m)
Debt / EBITDA = 0.02 (negative EBITDA) (Net Debt -2.45m / EBITDA -98.9m)
Debt / FCF = 0.03 (negative FCF - burning cash) (Net Debt -2.45m / FCF TTM -72.8m)
Total Stockholder Equity = 276.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -34.36% (Net Income -99.8m / Total Assets 290.5m)
RoE = -36.08% (Net Income TTM -99.8m / Total Stockholder Equity 276.7m)
RoCE = -37.98% (EBIT -108.6m / Capital Employed (Equity 276.7m + L.T.Debt 9.30m))
RoIC = -40.45% (negative operating profit) (NOPAT -111.9m / Invested Capital 276.7m)
WACC = 7.82% (E(1.22b)/V(1.23b) * Re(7.88%) + (debt cost/tax rate unavailable))
Discount Rate = 7.88% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 2.37%
Fair Price DCF = unknown (Cash Flow -72.8m)
EPS Correlation: -16.88 | EPS CAGR: 11.68% | SUE: 0.32 | # QB: 0
Revenue Correlation: 58.50 | Revenue CAGR: 85.75% | SUE: -0.56 | # QB: 0
Additional Sources for SES Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle