Secure Energy Services Inc
TSX:SES

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Secure Energy Services Inc
TSX:SES
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Price: 14.34 CAD -0.42% Market Closed
Market Cap: 3.3B CAD

Relative Value

The Relative Value of one SES stock under the Base Case scenario is 12.75 CAD. Compared to the current market price of 14.34 CAD, Secure Energy Services Inc is Overvalued by 11%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SES Relative Value
Base Case
12.75 CAD
Overvaluation 11%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
65
vs Industry
75
Median 3Y
0.3
Median 5Y
0.3
Industry
2.1
Forward
2.1
vs History
34
vs Industry
30
Median 3Y
5.7
Median 5Y
-4.8
Industry
15.9
Forward
14.4
vs History
50
vs Industry
20
Median 3Y
6.8
Median 5Y
6
Industry
9.8
vs History
44
vs Industry
15
Median 3Y
5.3
Median 5Y
3.5
Industry
12.7
vs History
6
vs Industry
18
Median 3Y
2.1
Median 5Y
1.6
Industry
1.6
vs History
84
vs Industry
74
Median 3Y
0.4
Median 5Y
0.4
Industry
3.1
Forward
2.6
vs History
49
vs Industry
30
Median 3Y
6.9
Median 5Y
7.5
Industry
6.4
vs History
28
vs Industry
19
Median 3Y
6.4
Median 5Y
6.6
Industry
10.4
Forward
7.4
vs History
36
vs Industry
15
Median 3Y
9.6
Median 5Y
10.3
Industry
12.4
Forward
11.8
vs History
71
vs Industry
19
Median 3Y
8.6
Median 5Y
8.5
Industry
10.8
vs History
96
vs Industry
15
Median 3Y
12.6
Median 5Y
13.2
Industry
11.9
vs History
9
vs Industry
24
Median 3Y
1.4
Median 5Y
1.2
Industry
1.5

Multiples Across Competitors

SES Competitors Multiples
Secure Energy Services Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Secure Energy Services Inc
TSX:SES
3.3B CAD 0.2 5.3 7.8 11.7
US
Schlumberger NV
NYSE:SLB
48.6B USD 1.3 11.6 6.2 8.7
US
Baker Hughes Co
NASDAQ:BKR
37.4B USD 1.3 12.8 9.3 12.6
US
Halliburton Co
NYSE:HAL
18.3B USD 0.8 8.7 4.9 6.3
LU
Tenaris SA
MIL:TEN
15.9B EUR 1.5 9.8 5.4 6.9
UK
TechnipFMC PLC
NYSE:FTI
13.1B USD 1.4 15.8 8.4 11.5
FR
Technip Energies NV
PAR:TE
5.7B EUR 0.8 14.4 6.2 7.6
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
39.8B CNY 0.7 10.6 6.5 6.5
US
ChampionX Corp
NASDAQ:CHX
5B USD 1.4 16.9 6.7 9.9
IT
Saipem SpA
MIL:SPM
4.1B EUR 0.2 10.8 2.5 4.6
US
Nov Inc
NYSE:NOV
4.9B USD 0.6 8.2 4.6 6.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Secure Energy Services Inc
TSX:SES
Average EV/EBITDA: 6.2
7.8
11%
0.7
US
Schlumberger NV
NYSE:SLB
6.2
5%
1.2
US
B
Baker Hughes Co
NASDAQ:BKR
9.3
8%
1.2
US
Halliburton Co
NYSE:HAL
4.9
2%
2.4
LU
Tenaris SA
MIL:TEN
5.4
-2%
N/A
UK
TechnipFMC PLC
NYSE:FTI
8.4
15%
0.6
FR
Technip Energies NV
PAR:TE
6.2
13%
0.5
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
6.5
N/A N/A
US
ChampionX Corp
NASDAQ:CHX
6.7
7%
1
IT
Saipem SpA
MIL:SPM
2.5
13%
0.2
US
Nov Inc
NYSE:NOV
4.6
1%
4.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Secure Energy Services Inc
TSX:SES
Average EV/EBIT: 8.4
11.7
13%
0.9
US
Schlumberger NV
NYSE:SLB
8.7
4%
2.2
US
B
Baker Hughes Co
NASDAQ:BKR
12.6
7%
1.8
US
Halliburton Co
NYSE:HAL
6.3
-2%
N/A
LU
Tenaris SA
MIL:TEN
6.9
-2%
N/A
UK
TechnipFMC PLC
NYSE:FTI
11.5
18%
0.6
FR
Technip Energies NV
PAR:TE
7.6
14%
0.5
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
6.5
11%
0.6
US
ChampionX Corp
NASDAQ:CHX
9.9
12%
0.8
IT
Saipem SpA
MIL:SPM
4.6
22%
0.2
US
Nov Inc
NYSE:NOV
6.4
-1%
N/A