SGBAFOTCCommunications Services, NECFiscal year ends December 31
SES S.A.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 1, 2026
$4.58−0.23 (-4.78%)
Close on Oct 19, 2026
SES statistics
Financials through Dec 31, 2025, price-based ratios appear once a share price is available, median of Communications Services, NEC companies for comparison
Valuation
| Measure | SES | Industry median |
|---|---|---|
| Market Cap | €2.28B | €34.49B |
| Enterprise Value | €7.60B | €72.08B |
| PS Ratio | 0.87 | 0.87 |
| PB Ratio | 0.87 | 0.97 |
| P/TBV Ratio | 2.80 | |
| P/FCF Ratio | 5.91 | |
| P/OCF Ratio | 2.51 | 2.51 |
Enterprise value
| Measure | SES | Industry median |
|---|---|---|
| EV / Sales | 2.89 | 2.02 |
| EV / EBITDA | 6.41 | 6.41 |
| EV / EBIT | 118.76 | 28.79 |
| EV / FCF | 19.69 |
Income (trailing twelve months)
| Measure | SES | Industry median |
|---|---|---|
| Revenue | €2.63B | €40.46B |
| Gross Profit | €1.87B | |
| Operating Income | €64.00M | €2.40B |
| Pretax Income | -€115.00M | |
| Net Income | -€95.00M | -€49.00M |
| EBITDA | €1.19B | €4.97B |
Margins
| Measure | SES | Industry median |
|---|---|---|
| Gross Margin | 71.3% | |
| Operating Margin | 2.44% | 7.03% |
| Pretax Margin | -4.38% | |
| Profit Margin | -3.62% | -0.12% |
| EBITDA Margin | 45.1% | 27.1% |
| FCF Margin | 14.7% |
Returns
| Measure | SES | Industry median |
|---|---|---|
| Return on Equity (ROE) | -3.14% | -0.25% |
| Return on Assets (ROA) | -0.80% | -0.05% |
| Return on Invested Capital (ROIC) | 0.82% | 6.30% |
| Return on Capital Employed (ROCE) | 0.59% |
Growth
| Measure | SES | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 31.3% | 8.05% |
| Net Income Growth (YoY) | -733.3% | |
| FCF Growth (YoY) | -46.8% |
Balance sheet
| Measure | SES | Industry median |
|---|---|---|
| Cash & Short-Term Investments | €1.08B | €5.62B |
| Total Debt | €6.31B | €6.31B |
| Net Cash (Debt) | -€5.23B | -€5.23B |
| Net Cash Per Share | -9.39 EUR | -1.79 EUR |
| Equity (Book Value) | €2.62B | €19.35B |
| Book Value Per Share | 4.71 EUR | 4.71 EUR |
| Tangible Book Value | €815.00M | €815.00M |
| Working Capital | -€331.00M |
Financial position
| Measure | SES | Industry median |
|---|---|---|
| Current Ratio | 0.87 | |
| Quick Ratio | 0.72 | |
| Debt / Equity | 2.40 | 1.04 |
| Debt / EBITDA | 5.32 | 3.44 |
| Debt / FCF | 16.33 | |
| Net Debt / EBITDA | 4.41 | 2.85 |
| Interest Coverage | 0.19 |
Cash flow (trailing twelve months)
| Measure | SES | Industry median |
|---|---|---|
| Operating Cash Flow | €908.00M | €10.99B |
| Capital Expenditures | -€522.00M | |
| Free Cash Flow | €386.00M | |
| FCF Per Share | 0.69 EUR |
Efficiency
| Measure | SES | Industry median |
|---|---|---|
| Asset Turnover | 0.22 | 0.40 |
| Inventory Turnover | 6.16 |
Dividends and yields
| Measure | SES | Industry median |
|---|---|---|
| Earnings Yield | -4.17% | -0.26% |
| FCF Yield | 16.9% |
Shares
| Measure | SES | Industry median |
|---|---|---|
| Shares Outstanding | 557,186,000 | 2,657,630,000 |
| Float | 557,186,000 | 2,657,630,000 |
| Shares Held by Insiders | 0.00% | 9.97% |
Taxes
| Measure | SES | Industry median |
|---|---|---|
| Income Tax | -€21.00M | €348.00M |
Scores
| Measure | SES | Industry median |
|---|---|---|
| Altman Z-Score | 0.31 | 0.59 |
| Piotroski F-Score | 3 | 6 |
Calculated by StockData from SES's SEC filings. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.