(SESG) SES S. A. - Overview
Exchange: PA •
Country: Luxembourg •
Currency: EUR •
Type: Common Stock •
ISIN: LU0088087324
Stock: Satellite, Connectivity, Media, Data, Video
Total Rating 39
Risk 28
Buy Signal -0.49
| Risk 5d forecast | |
|---|---|
| Volatility | 39.6% |
| Relative Tail Risk | -10.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.58 |
| Alpha | 17.41 |
| Character TTM | |
|---|---|
| Beta | 0.083 |
| Beta Downside | 0.178 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.04% |
| CAGR/Max DD | 0.22 |
EPS (Earnings per Share)
Revenue
Description: SESG SES S. A. March 02, 2026
SES S.A. (ticker SESG) is a global satellite operator that delivers data transmission capacity and ancillary services through a combined network of geostationary (GEO) and medium earth orbit (MEO) satellites, supported by extensive ground infrastructure. Its portfolio spans connectivity solutions for aviation, cloud, cruise, energy, government, maritime, and telecom operators, as well as end-to-end media services that enable multi-screen video delivery, linear aggregation, and live-feed redundancy for broadcasters and sports organisations.
As of FY 2025, SES reported €2.2 billion in revenue and an adjusted EBITDA of €1.1 billion, reflecting a 7 % year-over-year increase driven by expanding broadband contracts in the aviation and maritime sectors. The company now operates a fleet of 73 satellites, including the newly launched O3b mPOWER constellation, which is designed to support 5G-ready, low-latency connectivity for enterprise and government customers. A key sector driver remains the accelerating demand for resilient, high-throughput satellite broadband as data consumption rises and terrestrial networks face capacity constraints.
For deeper insights, you might explore SES’s profile on ValueRay.
Headlines to watch out for
- Satellite capacity demand from government and enterprise drives revenue
- Competition from terrestrial networks impacts satellite service pricing
- Launch failures and satellite malfunctions increase operational costs
- Regulatory changes in spectrum allocation affect future growth
- Global economic conditions influence enterprise connectivity spending
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: -157.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -5.63 > 1.0 |
| NWC/Revenue: -10.75% < 20% (prev 52.86%; Δ -63.61% < -1%) |
| CFO/TA 0.06 > 3% & CFO 767.0m > Net Income -157.0m |
| Net Debt (6.39b) to EBITDA (1.43b): 4.47 < 3 |
| Current Ratio: 0.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (414.4m) vs 12m ago 7.17% < -2% |
| Gross Margin: 37.46% > 18% (prev 0.70%; Δ 3.68k% > 0.5%) |
| Asset Turnover: 26.20% > 50% (prev 50.92%; Δ -24.73% > 0%) |
| Interest Coverage Ratio: 0.59 > 6 (EBITDA TTM 1.43b / Interest Expense TTM 435.0m) |
Altman Z'' 0.02
| A: -0.02 (Total Current Assets 2.23b - Total Current Liabilities 2.57b) / Total Assets 13.74b |
| B: -0.01 (Retained Earnings -95.0m / Total Assets 13.74b) |
| C: 0.02 (EBIT TTM 257.0m / Avg Total Assets 12.04b) |
| D: 0.06 (Book Value of Equity 715.0m / Total Liabilities 11.55b) |
| Altman-Z'' Score: 0.02 = B |
Beneish M -1.19
| DSRI: 2.07 (Receivables 835.0m/672.0m, Revenue 3.15b/5.26b) |
| GMI: 1.88 (GM 37.46% / 70.34%) |
| AQI: 1.87 (AQ_t 0.32 / AQ_t-1 0.17) |
| SGI: 0.60 (Revenue 3.15b / 5.26b) |
| TATA: -0.07 (NI -157.0m - CFO 767.0m) / TA 13.74b) |
| Beneish M-Score: -1.19 (Cap -4..+1) = D |
What is the price of SESG shares?
As of March 22, 2026, the stock is trading at EUR 6.03 with a total of 1,776,940 shares traded.
Over the past week, the price has changed by +1.17%, over one month by -6.00%, over three months by +11.15% and over the past year by +23.88%.
Over the past week, the price has changed by +1.17%, over one month by -6.00%, over three months by +11.15% and over the past year by +23.88%.
Is SESG a buy, sell or hold?
SES S. A. has no consensus analysts rating.
What are the forecasts/targets for the SESG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 7 | 16.3% |
| Analysts Target Price | - | - |
SESG Fundamental Data Overview March 21, 2026
Market Cap USD = 2.60b (2.27b EUR * 1.1464 EUR.USD)
P/E Forward = 19.802
P/S = 0.9688
P/B = 0.9773
P/EG = 3.7686
Revenue TTM = 3.15b EUR
EBIT TTM = 257.0m EUR
EBITDA TTM = 1.43b EUR
Long Term Debt = 5.51b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 874.0m EUR (from shortTermDebt, last quarter)
Debt = 7.46b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.39b EUR (from netDebt column, last quarter)
Enterprise Value = 8.66b EUR (2.27b + Debt 7.46b - CCE 1.07b)
Interest Coverage Ratio = 0.59 (Ebit TTM 257.0m / Interest Expense TTM 435.0m)
EV/FCF = 35.35x (Enterprise Value 8.66b / FCF TTM 245.0m)
FCF Yield = 2.83% (FCF TTM 245.0m / Enterprise Value 8.66b)
FCF Margin = 7.77% (FCF TTM 245.0m / Revenue TTM 3.15b)
Net Margin = -4.98% (Net Income TTM -157.0m / Revenue TTM 3.15b)
Gross Margin = 37.46% ((Revenue TTM 3.15b - Cost of Revenue TTM 1.97b) / Revenue TTM)
Gross Margin QoQ = -2.73% (prev none%)
Tobins Q-Ratio = 0.63 (Enterprise Value 8.66b / Total Assets 13.74b)
Interest Expense / Debt = 3.12% (Interest Expense 233.0m / Debt 7.46b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 192.8m (EBIT 257.0m * (1 - 25.00%))
Current Ratio = 0.87 (Total Current Assets 2.23b / Total Current Liabilities 2.57b)
Debt / Equity = 3.56 (Debt 7.46b / totalStockholderEquity, last quarter 2.10b)
Debt / EBITDA = 4.47 (Net Debt 6.39b / EBITDA 1.43b)
Debt / FCF = 26.08 (Net Debt 6.39b / FCF TTM 245.0m)
Total Stockholder Equity = 2.96b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.30% (Net Income -157.0m / Total Assets 13.74b)
RoE = -5.31% (Net Income TTM -157.0m / Total Stockholder Equity 2.96b)
RoCE = 3.04% (EBIT 257.0m / Capital Employed (Equity 2.96b + L.T.Debt 5.51b))
RoIC = 2.34% (NOPAT 192.8m / Invested Capital 8.24b)
WACC = 3.25% (E(2.27b)/V(9.74b) * Re(6.22%) + D(7.46b)/V(9.74b) * Rd(3.12%) * (1-Tc(0.25)))
Discount Rate = 6.22% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -2.84%
[DCF] Terminal Value 86.97% ; FCFF base≈453.4m ; Y1≈484.5m ; Y5≈586.0m
[DCF] Fair Price = 31.90 (EV 17.35b - Net Debt 6.39b = Equity 10.96b / Shares 343.6m; r=5.90% [WACC]; 5y FCF grow 7.68% → 2.90% )
EPS Correlation: -6.50 | EPS CAGR: -1.42% | SUE: 0.08 | # QB: 0
Revenue Correlation: 30.12 | Revenue CAGR: 43.02% | SUE: -1.17 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.03 | Chg7d=-0.063 | Chg30d=-0.034 | Revisions Net=+0 | Growth EPS=-145.6% | Growth Revenue=+25.3%
P/E Forward = 19.802
P/S = 0.9688
P/B = 0.9773
P/EG = 3.7686
Revenue TTM = 3.15b EUR
EBIT TTM = 257.0m EUR
EBITDA TTM = 1.43b EUR
Long Term Debt = 5.51b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 874.0m EUR (from shortTermDebt, last quarter)
Debt = 7.46b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.39b EUR (from netDebt column, last quarter)
Enterprise Value = 8.66b EUR (2.27b + Debt 7.46b - CCE 1.07b)
Interest Coverage Ratio = 0.59 (Ebit TTM 257.0m / Interest Expense TTM 435.0m)
EV/FCF = 35.35x (Enterprise Value 8.66b / FCF TTM 245.0m)
FCF Yield = 2.83% (FCF TTM 245.0m / Enterprise Value 8.66b)
FCF Margin = 7.77% (FCF TTM 245.0m / Revenue TTM 3.15b)
Net Margin = -4.98% (Net Income TTM -157.0m / Revenue TTM 3.15b)
Gross Margin = 37.46% ((Revenue TTM 3.15b - Cost of Revenue TTM 1.97b) / Revenue TTM)
Gross Margin QoQ = -2.73% (prev none%)
Tobins Q-Ratio = 0.63 (Enterprise Value 8.66b / Total Assets 13.74b)
Interest Expense / Debt = 3.12% (Interest Expense 233.0m / Debt 7.46b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 192.8m (EBIT 257.0m * (1 - 25.00%))
Current Ratio = 0.87 (Total Current Assets 2.23b / Total Current Liabilities 2.57b)
Debt / Equity = 3.56 (Debt 7.46b / totalStockholderEquity, last quarter 2.10b)
Debt / EBITDA = 4.47 (Net Debt 6.39b / EBITDA 1.43b)
Debt / FCF = 26.08 (Net Debt 6.39b / FCF TTM 245.0m)
Total Stockholder Equity = 2.96b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.30% (Net Income -157.0m / Total Assets 13.74b)
RoE = -5.31% (Net Income TTM -157.0m / Total Stockholder Equity 2.96b)
RoCE = 3.04% (EBIT 257.0m / Capital Employed (Equity 2.96b + L.T.Debt 5.51b))
RoIC = 2.34% (NOPAT 192.8m / Invested Capital 8.24b)
WACC = 3.25% (E(2.27b)/V(9.74b) * Re(6.22%) + D(7.46b)/V(9.74b) * Rd(3.12%) * (1-Tc(0.25)))
Discount Rate = 6.22% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -2.84%
[DCF] Terminal Value 86.97% ; FCFF base≈453.4m ; Y1≈484.5m ; Y5≈586.0m
[DCF] Fair Price = 31.90 (EV 17.35b - Net Debt 6.39b = Equity 10.96b / Shares 343.6m; r=5.90% [WACC]; 5y FCF grow 7.68% → 2.90% )
EPS Correlation: -6.50 | EPS CAGR: -1.42% | SUE: 0.08 | # QB: 0
Revenue Correlation: 30.12 | Revenue CAGR: 43.02% | SUE: -1.17 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.03 | Chg7d=-0.063 | Chg30d=-0.034 | Revisions Net=+0 | Growth EPS=-145.6% | Growth Revenue=+25.3%