(SESG) SES S. A. - Ratings and Ratios
Satellite, Data, Media, Connectivity, Transmission
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.87% |
| Yield on Cost 5y | 10.46% |
| Yield CAGR 5y | 5.74% |
| Payout Consistency | 93.6% |
| Payout Ratio | 37.0% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 41.1% |
| Value at Risk 5%th | 61.7% |
| Relative Tail Risk | -8.79% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.91 |
| Alpha | 143.14 |
| CAGR/Max DD | 0.19 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.523 |
| Beta | -0.341 |
| Beta Downside | -0.163 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.04% |
| Mean DD | 17.90% |
| Median DD | 16.05% |
Description: SESG SES S. A. January 13, 2026
SES S.A. (formerly SES Global SA) operates a global satellite-based data transmission network, delivering connectivity capacity and ancillary services via a mixed fleet of geostationary (GEO) and medium-earth-orbit (MEO) satellites together with extensive ground infrastructure.
Its solutions span content connectivity-enabling creation, delivery, and management of video and data streams-for a broad client base that includes aviation, cloud providers, cruise lines, energy firms, government agencies, maritime operators, and telco/mobile network carriers.
SES also offers end-to-end media services, providing multi-screen, multi-device viewing experiences across linear channels, video-on-demand, streaming platforms, and social media for broadcasters and sports organisations, plus linear video aggregation, channel playout, and redundancy for live events.
Founded in 1985 and headquartered in Betzdorf, Luxembourg, the company rebranded to SES S.A. in December 2006 and now manages one of the world’s largest satellite fleets (over 70 satellites in orbit).
Overview: Ticker Symbol SESG; Common Stock; Country Luxembourg; GICS Sub-Industry Broadcasting.
Key performance indicators include FY 2023 revenue of €2.3 billion and a satellite utilization rate above 85 %, reflecting strong demand for broadband in aviation, maritime, and remote-area connectivity. The sector is driven by rising global data consumption, the migration of video content to streaming, and regulatory incentives for resilient satellite backhaul, while competition from low-earth-orbit constellations (e.g., Starlink) pressures pricing and service differentiation.
For a deeper quantitative view of SES’s valuation dynamics, you may find it useful to explore the company’s profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (-44.0m TTM) > 0 and > 6% of Revenue (6% = 120.1m TTM) |
| FCFTA 0.09 (>2.0%) and ΔFCFTA -23.42pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 148.1% (prev 34.56%; Δ 113.6pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.12 (>3.0%) and CFO 1.32b > Net Income -44.0m (YES >=105%, WARN >=100%) |
| Net Debt (1.18b) to EBITDA (953.5m) ratio: 1.23 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (371.4m) change vs 12m ago -3.96% (target <= -2.0% for YES) |
| Gross Margin 73.76% (prev 70.43%; Δ 3.33pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 20.32% (prev 57.49%; Δ -37.17pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.00 (EBITDA TTM 953.5m / Interest Expense TTM 208.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.09
| (A) 0.28 = (Total Current Assets 5.19b - Total Current Liabilities 2.23b) / Total Assets 10.53b |
| (B) 0.00 = Retained Earnings (Balance) 14.0m / Total Assets 10.53b |
| (C) 0.02 = EBIT TTM 209.0m / Avg Total Assets 9.85b |
| (D) 0.09 = Book Value of Equity 710.0m / Total Liabilities 7.65b |
| Total Rating: 2.09 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 64.39
| 1. Piotroski 5.0pt |
| 2. FCF Yield 27.19% |
| 3. FCF Margin 46.83% |
| 4. Debt/Equity 2.06 |
| 5. Debt/Ebitda 1.23 |
| 6. ROIC - WACC (= -0.33)% |
| 7. RoE -1.32% |
| 8. Rev. Trend 15.97% |
| 9. EPS Trend -15.41% |
What is the price of SESG shares?
Over the past week, the price has changed by +4.80%, over one month by +27.09%, over three months by +1.87% and over the past year by +134.98%.
Is SESG a buy, sell or hold?
What are the forecasts/targets for the SESG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 7 | 3.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 7.8 | 15% |
SESG Fundamental Data Overview January 19, 2026
P/E Forward = 26.9542
P/S = 1.1895
P/B = 0.9632
P/EG = 3.35
Revenue TTM = 2.00b EUR
EBIT TTM = 209.0m EUR
EBITDA TTM = 953.5m EUR
Long Term Debt = 4.81b EUR (from longTermDebt, last quarter)
Short Term Debt = 948.0m EUR (from shortTermDebt, last quarter)
Debt = 5.79b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.18b EUR (from netDebt column, last quarter)
Enterprise Value = 3.45b EUR (2.27b + Debt 5.79b - CCE 4.62b)
Interest Coverage Ratio = 1.00 (Ebit TTM 209.0m / Interest Expense TTM 208.0m)
EV/FCF = 3.68x (Enterprise Value 3.45b / FCF TTM 937.0m)
FCF Yield = 27.19% (FCF TTM 937.0m / Enterprise Value 3.45b)
FCF Margin = 46.83% (FCF TTM 937.0m / Revenue TTM 2.00b)
Net Margin = -2.20% (Net Income TTM -44.0m / Revenue TTM 2.00b)
Gross Margin = 73.76% ((Revenue TTM 2.00b - Cost of Revenue TTM 525.0m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 55.01%)
Tobins Q-Ratio = 0.33 (Enterprise Value 3.45b / Total Assets 10.53b)
Interest Expense / Debt = 1.71% (Interest Expense 99.0m / Debt 5.79b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 156.8m (EBIT 209.0m * (1 - 25.00%))
Current Ratio = 2.33 (Total Current Assets 5.19b / Total Current Liabilities 2.23b)
Debt / Equity = 2.06 (Debt 5.79b / totalStockholderEquity, last quarter 2.81b)
Debt / EBITDA = 1.23 (Net Debt 1.18b / EBITDA 953.5m)
Debt / FCF = 1.26 (Net Debt 1.18b / FCF TTM 937.0m)
Total Stockholder Equity = 3.34b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.45% (Net Income -44.0m / Total Assets 10.53b)
RoE = -1.32% (Net Income TTM -44.0m / Total Stockholder Equity 3.34b)
RoCE = 2.57% (EBIT 209.0m / Capital Employed (Equity 3.34b + L.T.Debt 4.81b))
RoIC = 1.90% (NOPAT 156.8m / Invested Capital 8.24b)
WACC = 2.23% (E(2.27b)/V(8.06b) * Re(4.66%) + D(5.79b)/V(8.06b) * Rd(1.71%) * (1-Tc(0.25)))
Discount Rate = 4.66% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -8.03%
[DCF Debug] Terminal Value 86.97% ; FCFF base≈1.75b ; Y1≈1.87b ; Y5≈2.26b
Fair Price DCF = 191.1 (EV 66.85b - Net Debt 1.18b = Equity 65.68b / Shares 343.6m; r=5.90% [WACC]; 5y FCF grow 7.68% → 2.90% )
EPS Correlation: -15.41 | EPS CAGR: -4.32% | SUE: -0.13 | # QB: 0
Revenue Correlation: 15.97 | Revenue CAGR: 1.47% | SUE: -0.02 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.03 | Chg30d=-0.034 | Revisions Net=+0 | Growth EPS=-145.6% | Growth Revenue=+25.3%