Secure Energy Services Inc
TSX:SES

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Secure Energy Services Inc
TSX:SES
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Price: 23.15 CAD -0.69%
Market Cap: CA$5B

P/FCFE

10
Current
9%
More Expensive
vs 3-y average of 9.1

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
10
=
Market Cap
CA$5.1B
/
Free Cash Flow to Equity
CA$504.4m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
10
=
Market Cap
CA$5.1B
/
Free Cash Flow to Equity
CA$504.4m

Valuation Scenarios

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

If P/FCFE returns to its 3-Year Average (9.1), the stock would be worth CA$21.23 (8% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-41%
Maximum Upside
+121%
Average Upside
33%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 10 CA$23.15
0%
3-Year Average 9.1 CA$21.23
-8%
5-Year Average 5.9 CA$13.75
-41%
Industry Average 16 CA$37.06
+60%
Country Average 22 CA$51.06
+121%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
CA
Secure Energy Services Inc
TSX:SES
5B CAD 10 48.4
US
Schlumberger NV
NYSE:SLB
85.1B USD 31.1 25.5
US
Baker Hughes Co
NASDAQ:BKR
69.1B USD 33.9 22
US
Halliburton Co
NYSE:HAL
35.3B USD 20.7 22.6
LU
Tenaris SA
MIL:TEN
27.6B EUR 18.3 16.9
UK
TechnipFMC PLC
NYSE:FTI
30.3B USD 33.5 31.3
CN
Yantai Jereh Oilfield Services Group Co Ltd
SZSE:002353
140.3B CNY 74.5 50
UK
Subsea 7 SA
OSE:SUBC
98.7B NOK 14.3 25.4
IT
Saipem SpA
MIL:SPM
8.9B EUR 42.6 18.8
FR
Technip Energies NV
PAR:TE
7.1B EUR 14.4 19.4
US
Weatherford International PLC
NASDAQ:WFRD
7.9B USD 38.5 17

Market Distribution

Lower than 79% of companies in Canada
Percentile
21st
Based on 1 366 companies
21st percentile
10
Low
0 — 13.2
Typical Range
13.2 — 36
High
36 —
Distribution Statistics
Canada
Min 0
30th Percentile 13.2
Median 22
70th Percentile 36
Max 116 589.8

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 35%
Intrinsic Value
Price CA$23.15
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