1.16%
1.82%
-13.13%
-30.77%
-46.94%
-54.81%
-72.39%
AI Spotlight on SESG
Company Description
SES S.A. provides satellite and ground infrastructure solutions worldwide.The company offers data connectivity services through its MEO and GEO satellite communication systems for aviation, maritime, cruise, energy, government, and telco and MNO industries.It also provides video services, including direct to home broadcast, occasional use, IP delivery, cable distribution, channel management, over the top (OTT), satellite distribution, hybrid TV platform, online video platform, content aggregation, SES 360, audience measurement and ad insertion, subscriber management, content distribution, production, value added, and real time booking services for broadcasters, platform operators, and sports organizations.
The company was formerly known as SES Global S.A. and changed its name to SES S.A. in 2006.SES S.A. was founded in 1985 and is headquartered in Betzdorf, Luxembourg.
Market Data
| Last Price | 3.14 |
| Change Percentage | 1.16% |
| Open | 3.1 |
| Previous Close | 3.1 |
| Market Cap ( Millions) | 1368 |
| Volume | 359910 |
| Year High | 6.39 |
| Year Low | 2.83 |
| M A 50 | 3.12 |
| M A 200 | 4.23 |
Financial Ratios
| FCF Yield | 216.57% |
| Dividend Yield | 23.92% |
| ROE | -23.69% |
| Debt / Equity | 98.13% |
| Net Debt / EBIDTA | 286.05% |
| Price To Book | 0.37 |
| Price Earnings Ratio | -1.4 |
| Price To FCF | 0.46 |
| Price To sales | 0.26 |
| EV / EBITDA | 5.56 |
News
- Jan -23 - SES Announces Completion of €100m Open Market Repurchase of its NC625 Securities
- Dec -19 - ASTRA 1P Starts Delivering Content Across Europe
- Dec -18 - SES’s Seventh and Eighth O3b mPOWER Satellites Successfully Launched, Bolstering MEO Constellation
- Dec -17 - SES - publication as required by article 13 of the law of 11 January 2008 on transparency requirements for Issuers
- Dec -16 - SpaceRISE Signs Concession Contract to Deliver Europe’s IRIS2 Connectivity Network
- Dec -16 - IRIS2 lifts off as European Commission and SpaceRISE sign contract in Brussels
- Dec -11 - SES Equips Peruvian Air Force with High-throughput Connectivity via SES-14 Satellite
- Dec -09 - U.S. DoD Awards USEUCOM BPA to SES Space & Defense
- Dec -05 - SES: Notification of Major Holdings
- Dec -05 - Telebras and SES implemented more than 1,500 Internet Access Points in Brazil’s Northern Region via SES-17
- Nov -08 - SES SA (SGBAF) Q3 2024 Earnings Call Highlights: Strategic Wins and Operational Excellence ...
- Nov -07 - SES: YTD and Q3 2024 Results
- Nov -06 - Public Broadcaster ORF and ORS Group Extend Contract with SES at 19.2 degrees East
- Nov -05 - Warner Bros. Discovery and SES Renew Multi-Year Deal to Broadcast SD and HD Channels in Germany and Austria
- Nov -04 - Telekom Srbija Extends Partnership with SES
- Oct -31 - SpaceRISE selected by European Commission to build and operate the IRIS² multi-orbit satellite constellation
- Oct -30 - Two National Airlines Choose a Seamless Multi-orbit IFC Future with SES Open Orbits™
- Oct -10 - SES and Sky Extend Long-Standing Partnership in UK and Ireland
- Sep -27 - SES Confirms Interim Dividend of EUR 0.25
- Sep -13 - NATO Support and Procurement Agency Contracts SES’s O3b mPOWER for Secure Communications Services
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> SES Networks
Expected Growth : 1.2 %
What the company do ?
SES Networks is a global satellite-based network provider, offering managed connectivity services to various industries, including maritime, aero, and government.
Why we expect these perspectives ?
SES Networks' 1.2% growth driven by increasing demand for satellite-based connectivity in remote and underserved areas, expansion of government and defense contracts, and growing adoption of IoT and 5G networks, which rely on satellite backhaul. Additionally, SES Networks' investments in O3b mPOWER and other next-generation satellite systems position the company for future growth.
Segment n°2 -> SES Video
Expected Growth : 0.8 %
What the company do ?
SES Video is a satellite-based video distribution platform from SES S.A., offering broadcast and media services to content providers and broadcasters.
Why we expect these perspectives ?
SES Video's 0.8 growth driven by increasing demand for satellite-based broadcasting, expansion into new markets, and growing adoption of 4K and 8K video technologies. Additionally, partnerships with major broadcasters and media companies, as well as investments in digital infrastructure, contribute to the segment's growth.
Segment n°3 -> Other
Expected Growth : 0.5 %
What the company do ?
SES S.A.'s 'Other' segment includes revenue from satellite-based services, such as satellite manufacturing, launch services, and other satellite-related activities.
Why we expect these perspectives ?
SES S.A.'s 0.5 growth driven by increasing demand for satellite-based services, expansion into new markets, and strategic partnerships. Growing need for secure and reliable connectivity in government, enterprise, and consumer segments also contributes to growth. Additionally, investments in next-generation satellite technologies and digital transformation initiatives support SES's growth momentum.
Ses S.A. Products
| Product Range | What is it ? |
|---|---|
| SES-12 | A geostationary communications satellite designed to provide high-powered Ku-band capacity to support the growth of video, enterprise, and mobility markets in the Asia-Pacific region. |
| SES-14 | A high-powered satellite designed to provide telecommunications services to the Americas, including video, enterprise, mobility, and government markets. |
| O3b mPOWER | A next-generation satellite system designed to provide high-speed, low-latency connectivity to remote and underserved communities around the world. |
| SES Networks | A global network of satellite-enabled connectivity solutions designed to provide reliable, high-performance connectivity to remote and underserved areas. |
| SES Government Solutions | A range of satellite-based solutions designed to support the unique communications needs of government agencies and institutions. |
| SES Video | A range of video-centric solutions designed to support the distribution and delivery of high-quality video content to broadcasters, media companies, and other organizations. |
SES S.A.'s Porter Forces
Threat Of Substitutes
SES S.A. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the evolving nature of the satellite industry.
Bargaining Power Of Customers
SES S.A. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong brand reputation and high-quality services further reduce the bargaining power of customers.
Bargaining Power Of Suppliers
SES S.A. relies on a limited number of suppliers for its satellite manufacturing and launch services. While the company has some bargaining power due to its large orders, the suppliers still have some negotiating power.
Threat Of New Entrants
The satellite industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This makes it difficult for new entrants to join the market, reducing the threat of new entrants.
Intensity Of Rivalry
The satellite industry is highly competitive, with several established players competing for market share. SES S.A. faces intense competition from companies like Intelsat, Eutelsat, and Telesat, which drives the need for continuous innovation and investment in new technologies.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 60.94% |
| Debt Cost | 3.95% |
| Equity Weight | 39.06% |
| Equity Cost | 8.16% |
| WACC | 5.59% |
| Leverage | 156.05% |
SES S.A. : Quality Control
SES S.A. passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TFI.PA | Télévision Française 1 Société anonyme engages in the broadcasting, studios and entertainment, and digital businesses in France and internationally. The company offers DTT channels, including TMC, TFX, and TF1 Séries … |
| RRTL.DE | RTL Group S.A., an entertainment company, operates television (TV) channels and radio stations, and provides streaming services in Germany, France, the Netherlands, Belgium, the United Kingdom, the United States, and … |
| MMT.PA | Métropole Télévision S.A. provides a range of programs, products, and services on various media. It operates through four segments: Television, Radio, Production and Audiovisual Rights, and Diversification. The company operates … |
| ITV.L | ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Media & Entertainment, and ITV Studios segments. The Media & Entertainment segment … |
| OPL.WA | Orange Polska S.A., together with its subsidiaries, provides telecommunications services in Poland. It offers mobile and fixed telecommunications services, including calls, messaging, content, and access to the Internet and TV; … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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ITV
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4
Orange Polska
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SES
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6
