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Updated 5h ago
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SES S.A.ENXTPA:SESG Stock Report

Market Cap €1.9b
Updated 5h ago
Share Price
n/a
1Y-22.1%
7D-0.7%
1D2.7%
Portfolio Value
​
View

SES S.A.

ENXTPA:SESG Stock Report

Market Cap: €1.9b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

SES (SESG) Stock Overview

Provides satellite-based data transmission capacity and ancillary services worldwide. More details

SESG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends2/6

Rewards

Trading at 77.5% below our estimate of its fair value

Risk Analysis

Dividend of 10.54% is not well covered by earnings or free cash flows

Interest payments are not well covered by earnings

Volatile share price over the past 3 months compared to the French market


SESG Community Fair Values

Create Narrative

See what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
42.5% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Heavy Upfront CapEx And Weak Media Trends Will Pressure This Satellite Operator

48
0
4
AN
AnalystLowTarget
5.4% overvalued intrinsic discount
AnalystLowTarget
•1mo ago

SES Stock Will Face Slower Multi Orbit Transition And Media Headwinds

4
0
0
AN
AnalystHighTarget
58.0% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

Multi Orbit Government Connectivity And Media Contracts Will Drive A Stronger Future For This Business

11
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
42.5% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Heavy Upfront CapEx And Weak Media Trends Will Pressure This Satellite Operator

48
0
4
AN
AnalystLowTarget
5.4% overvalued intrinsic discount
AnalystLowTarget
•1mo ago

SES Stock Will Face Slower Multi Orbit Transition And Media Headwinds

4
0
0
AN
AnalystHighTarget
58.0% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

Multi Orbit Government Connectivity And Media Contracts Will Drive A Stronger Future For This Business

11
0
0
View all narratives

SES S.A. Competitors

Eutelsat Communications

Symbol: ENXTPA:ETL
Market cap: €2.2b

Lagardere

Symbol: ENXTPA:MMB
Market cap: €2.6b

Ipsos

Symbol: ENXTPA:IPS
Market cap: €1.5b

Métropole Télévision

Symbol: ENXTPA:MMT
Market cap: €1.5b

Price History & Performance

Summary of share price highs, lows and changes for SES
Historical stock prices
Current Share Price€4.74
52 Week High€9.89
52 Week Low€4.48
Beta0.91
1 Month Change-12.67%
3 Month Change-42.52%
1 Year Change-22.07%
3 Year Change-26.25%
5 Year Change-35.06%
Change since IPO-33.68%

Recent News & Updates

User avatar
Narrative Update • Aug 12

SESG: IRIS² Capital Commitments Will Pressure Returns And Justify A Bearish View

Analysts have reduced their SES price target to align with a lower fair value estimate of €4.50, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E expectations. What's in the News for SES SES completed the IRIS² Rendez-vous 1 milestone under the European IRIS² programme, confirming readiness to move into the implementation phase of its next generation Medium Earth Orbit segment and reinforcing Europe's plan for sovereign, resilient and secure satellite connectivity.

Recent updates

User avatar
Narrative Update • Aug 12

SESG: IRIS² Capital Commitments Will Pressure Returns And Justify A Bearish View

Analysts have reduced their SES price target to align with a lower fair value estimate of €4.50, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E expectations. What's in the News for SES SES completed the IRIS² Rendez-vous 1 milestone under the European IRIS² programme, confirming readiness to move into the implementation phase of its next generation Medium Earth Orbit segment and reinforcing Europe's plan for sovereign, resilient and secure satellite connectivity.
User avatar
Narrative Update • Jul 28

SESG: Upper C-Band Windfall Will Reshape Future Earnings Profile

Analysts have raised their price target on SES from €10.50 to €11.30, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E levels. What's in the News for SES SES reported that the U.S. Federal Communications Commission approved the Upper C-band Report and Order, which makes 160 megahertz of Upper C-band spectrum available for future terrestrial wireless services through competitive bidding, with spectrum clearing deadlines in 2030 and 2031 and potential gross incentive payments and transition cost reimbursements for SES if the conditions are met.
User avatar
Narrative Update • Jul 14

SESG: Future Cash Returns Will Rely On New Connectivity Contracts

Analysts have revised their 12 month price target for SES to €8.25 from €7.82, citing updated assumptions for discount rates, profit margins and future P/E multiples in their refreshed valuation work. What’s in the News for SES SES Space & Defense secured a five year Blanket Purchase Agreement with the U.S. Space Force’s Space Systems Command to provide managed Ku band satellite services, giving the Department of War rapid access to secure FlexMove, FlexGovSecure and FlexAir connectivity for remote mission locations.
User avatar
New Narrative • Jun 17

SES Stock Will Face Slower Multi Orbit Transition And Media Headwinds

Catalysts About SES SES provides satellite-based connectivity and media services across multiple orbits to government, aviation, maritime, fixed data and broadcast customers. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative • Jun 02

Heavy Upfront CapEx And Weak Media Trends Will Pressure This Satellite Operator

Catalysts About SES SES is a multi orbit satellite connectivity company focused on media distribution and network services for government, mobility and fixed data customers. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative • May 19

Multi Orbit Government Connectivity And Media Contracts Will Drive A Stronger Future For This Business

Catalysts About SES SES is a satellite communications company providing multi orbit connectivity and media distribution solutions to government, mobility, fixed data and broadcasting customers. What are the underlying business or industry changes driving this perspective?

Shareholder Returns

SESGFR MediaFR Market
7D-0.7%-4.5%-2.3%
1Y-22.1%7.0%-1.1%

Return vs Industry: SESG underperformed the French Media industry which returned 7% over the past year.

Return vs Market: SESG underperformed the French Market which returned -1.1% over the past year.

Price Volatility

Is SESG's price volatile compared to industry and market?
SESG volatility
SESG Average Weekly Movement7.5%
Media Industry Average Movement3.9%
Market Average Movement4.2%
10% most volatile stocks in FR Market9.3%
10% least volatile stocks in FR Market2.2%

Stable Share Price: SESG's share price has been volatile over the past 3 months compared to the French market.

Volatility Over Time: SESG's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of French stocks.

About the Company

FoundedEmployeesCEOWebsite
19853,830Adel Al-Salehwww.ses.com

SES S.A. provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites, and ground infrastructures to the aviation, media and broadcast, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.

SES S.A. Fundamentals Summary

How do SES's earnings and revenue compare to its market cap?
SESG fundamental statistics
Market cap€1.93b
Earnings (TTM)-€305.00m
Revenue (TTM)€3.25b
0.6x
P/S Ratio
-6.5x
P/E Ratio

Is SESG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SESG income statement (TTM)
Revenue€3.25b
Cost of Revenue€966.00m
Gross Profit€2.29b
Other Expenses€2.59b
Earnings-€305.00m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 05, 2026

Earnings per share (EPS)-0.73
Gross Margin70.29%
Net Profit Margin-9.38%
Debt/Equity Ratio237.8%

How did SESG perform over the long term?

See historical performance and comparison

Dividends

10.5%
Current Dividend Yield
-68%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 17:54
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SES S.A. is covered by 37 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Charles BealeArete Research Services LLP
JULIEN ROCHBarclays
Nicholas Michael DempseyBarclays

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