Secure Energy Services Inc
TSX:SES

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Secure Energy Services Inc
TSX:SES
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Price: 23.2 CAD 1.13% Market Closed
Market Cap: CA$5B

EV/FCFF

58.9
Current
320%
More Expensive
vs 3-y average of 14

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
58.9
=
Enterprise Value
CA$6B
/
Free Cash Flow to Firm
CA$102m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
58.9
=
Enterprise Value
CA$6B
/
Free Cash Flow to Firm
CA$102m

Valuation Scenarios

Secure Energy Services Inc is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (14), the stock would be worth CA$5.53 (76% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-81%
Maximum Upside
No Upside Scenarios
Average Downside
75%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 58.9 CA$23.2
0%
3-Year Average 14 CA$5.53
-76%
5-Year Average 14 CA$5.53
-76%
Industry Average 11.5 CA$4.52
-81%
Country Average 20.4 CA$8.05
-65%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
CA
Secure Energy Services Inc
TSX:SES
5B CAD 58.9 48.5
US
Schlumberger NV
NYSE:SLB
83.3B USD 18.5 25
US
Baker Hughes Co
NASDAQ:BKR
68.3B USD 30.1 21.9
US
Halliburton Co
NYSE:HAL
34.9B USD 23.8 22.7
LU
Tenaris SA
MIL:TEN
27.3B EUR 14.9 16.7
UK
TechnipFMC PLC
NYSE:FTI
30.8B USD 20.7 32
CN
Yantai Jereh Oilfield Services Group Co Ltd
SZSE:002353
130.3B CNY 56 46.5
UK
Subsea 7 SA
OSE:SUBC
96.2B NOK 8.2 24.8
IT
Saipem SpA
MIL:SPM
8.8B EUR 7.2 18.5
FR
Technip Energies NV
PAR:TE
7.1B EUR 8.3 18.3
US
Weatherford International PLC
NASDAQ:WFRD
7.7B USD 17.4 16.6

Market Distribution

Higher than 84% of companies in Canada
Percentile
84th
Based on 1 610 companies
84th percentile
58.9
Low
0 — 13.1
Typical Range
13.1 — 33.5
High
33.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 13.1
Median 20.4
70th Percentile 33.5
Max 22 577.3

Secure Energy Services Inc
Glance View

Secure Energy Services Inc. operates within the intricate world of midstream and environmental solutions in the oil and gas industry, carving out a distinct niche by mingling traditional services with innovative environmental stewardship. Born out of the pressing need to manage the by-products of energy production sustainably, Secure Energy offers a suite of services that includes oilfield waste management, recycling, and water treatment solutions, all essential for modern energy companies seeking to reduce their environmental footprint. The company’s business model hinges on providing comprehensive and compliant solutions for the treatment and disposal of waste materials, enabling its clients to focus on extracting energy while Secure handles the rest. This approach not only mitigates environmental impact but also helps companies meet increasingly stringent regulatory requirements. While adapting to the shifting energy landscape, Secure Energy Services has cultivated a dual-stream revenue model anchored in both its core environmental services and essential midstream processing infrastructure. The company operates an extensive network of facilities strategically located to optimize the logistics of gathering, processing, and transporting oilfield waste and crude oil. By offering integrated midstream services, including oil processing, recovery, and marketing, Secure Energy capitalizes on efficiencies and economies of scale that enhance profitability. These facilities enable the recovery and resale of valuable hydrocarbons, effectively turning waste into a revenue stream while optimizing returns for the company and its clients. As the energy sector continues to evolve, Secure Energy stands poised at the intersection of necessity and innovation, providing critical solutions that support sustainable development in a resource-heavy industry.

SES Intrinsic Value
14.96 CAD
Overvaluation 36%
Intrinsic Value
Price CA$23.2
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