Fact based stock research
SES (BDL:SESGL)
LU0088087324
How to read the free ranks
For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.
SES stock research in summary
ANALYSIS: With an Obermatt Combined Rank of 50 (better than 50% compared with investment alternatives), SES (Cable & Satellite, Luxembourg) shares have above-average financial characteristics compared with similar stocks. Shares of SES are a good value (attractively priced) with a consolidated Value Rank of 65 (better than 65% of alternatives), are safely financed (Safety Rank of 71, which means low debt burdens), but show below-average growth (Growth Rank of 17). ...read more
RECOMMENDATION: A Combined Rank of 50, is a buy recommendation based on SES's financial characteristics. As the company SES's key financial metrics exhibit good value (Obermatt Value Rank of 65) but low growth (Obermatt Growth Rank of 17) while being safely financed (Obermatt Safety Rank of 71), it may be a safer investment because companies with low debt can better withstand times of crises. Yet the good value, better than 65% of comparable companies, may also indicate that the company's future is challenging. If you believe that low growth is temporary or just due to a specific current event, you may conclude that the good value of the stock provides an attractive investment opportunity and the downside is limited due to below-average financing risks. Obermatt Premium subscribers can further check the stock’s Sentiment Ranks, which also flow into the Obermatt 360° View for investors. ...read more
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This stock has achievements: Top 10 Stock.
3-Jul-2025. Stock data may be delayed. Log in or sign up to get the most recent research.

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Review the performance ranks of the individual metrics that form each investment strategy.
Research History: SES
RESEARCH HISTORY | 2022 | 2023 | 2024 | 2025 | ||||
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VALUE | ||||||||
VALUE | 67 |
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64 |
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73 |
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65 |
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GROWTH | ||||||||
GROWTH | 17 |
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43 |
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3 |
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17 |
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SAFETY | ||||||||
SAFETY | 65 |
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59 |
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89 |
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71 |
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SENTIMENT | ||||||||
SENTIMENT | 60 |
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42 |
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29 |
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new | |
360° VIEW | ||||||||
360° VIEW | 53 |
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64 |
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46 |
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new |
Combined financial peformance in Detail
ANALYSIS: With an Obermatt Combined Rank of 50 (better than 50% compared with investment alternatives), SES (Cable & Satellite, Luxembourg) shares have above-average financial characteristics compared with similar stocks. Shares of SES are a good value (attractively priced) with a consolidated Value Rank of 65 (better than 65% of alternatives), are safely financed (Safety Rank of 71, which means low debt burdens), but show below-average growth (Growth Rank of 17). ...read more
RECOMMENDATION: A Combined Rank of 50, is a buy recommendation based on SES's financial characteristics. As the company SES's key financial metrics exhibit good value (Obermatt Value Rank of 65) but low growth (Obermatt Growth Rank of 17) while being safely financed (Obermatt Safety Rank of 71), it may be a safer investment because companies with low debt can better withstand times of crises. Yet the good value, better than 65% of comparable companies, may also indicate that the company's future is challenging. If you believe that low growth is temporary or just due to a specific current event, you may conclude that the good value of the stock provides an attractive investment opportunity and the downside is limited due to below-average financing risks. Obermatt Premium subscribers can further check the stock’s Sentiment Ranks, which also flow into the Obermatt 360° View for investors. ...read more
RESEARCH HISTORY | 2022 | 2023 | 2024 | 2025 | ||||
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VALUE | ||||||||
VALUE | 67 |
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64 |
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73 |
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65 |
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GROWTH | ||||||||
GROWTH | 17 |
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43 |
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3 |
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17 |
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SAFETY | ||||||||
SAFETY | 65 |
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59 |
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89 |
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71 |
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COMBINED | ||||||||
COMBINED | 51 |
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60 |
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63 |
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50 |
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Value Metrics in Detail
ANALYSIS: With an Obermatt Value Rank of 65 (better than 65% compared with alternatives), SES shares are more attractively priced than the majority of comparable stocks. The Value Rank is based on consolidating four value indicators, with half of the indicators below and half above average for SES. Expected dividend yields are higher than for 96% of comparable companies (a Dividend Yield rank of 96), making the stock attractive. The same is valid for Price-to-Book Capital (also referred to as market-to-book ratio) with a Price-to-Book Rank of 83, which means that the stock price is lower compared with invested capital than for 83% of comparable investments. But in respect to sales and profits, the picture is reversed. Price-to-Sales is 34 which means that the stock price compared with what market professionals expect for future profits is higher than for 66% of comparable companies, indicating a low value concerning SES's sales levels. The Price-to-Profit ratio (also referred to as price-earnings (P/E) ratio) is also unfavorable for SES with a rank of 18. This means that the stock price, compared with what market professionals expect for future profits, is higher than for 82% of comparable companies, indicating a low value concerning SES's profit levels. ...read more
RECOMMENDATION: The overall picture with a consolidated Value Rank of 65, is a buy recommendation based on SES's stock price compared with the company's operational size and dividend yields. The company seems confident that it can generate a reasonable return on invested capital, because it pays an above-average dividend while profits are below what you would expect for a company with this stock price. If you agree with this practice and believe that profits will return to higher levels, as the current dividend policy suggests, SES may be an attractive investment. If this is not the case, you may want to be careful with this stock as it is also expensive compared with its expected revenue levels. We recommend further analyzing the stock with Obermatt’s Value, Safety, and Sentiment Ranks, including the 360° View, before making an investment decision, which is essential in this case, as the financial indicators are inconclusive. ...read more
VALUE METRICS | 2022 | 2023 | 2024 | 2025 | ||||
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PRICE VS. REVENUES (P/S) | ||||||||
PRICE VS. REVENUES (P/S) | 35 |
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34 |
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54 |
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34 |
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PRICE VS. PROFITS (P/E) | ||||||||
PRICE VS. PROFITS (P/E) | 46 |
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12 |
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12 |
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18 |
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PRICE VS. CAPITAL (Market-to-Book) | ||||||||
PRICE VS. CAPITAL (Market-to-Book) | 95 |
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91 |
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88 |
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83 |
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DIVIDEND YIELD | ||||||||
DIVIDEND YIELD | 87 |
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92 |
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97 |
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96 |
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CONSOLIDATED RANK: VALUE | ||||||||
CONSOLIDATED RANK: VALUE | 67 |
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64 |
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73 |
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65 |
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Growth Metrics in Detail
ANALYSIS: With an Obermatt Growth Rank of 17 (better than 17% compared with alternatives), SES shows one of the most restricted growth dynamics in its industry. There is little momentum in this company. The Growth Rank is based on consolidating four value indicators, with half of the indicators below and half above average for SES. Profit Growth has a rank of 56, which means that currently professionals expect the company to grow its profits more than 56% of its competitors. This is a good sign for shareholders, which is confirmed by an above-average Stock Returns rank of 73 (above 73% of alternative investments). But Sales Growth has a below the median rank of 6, which means that, currently, professionals expect the company to grow less than 94% of its competitors, and Capital Growth also has a lower rank of 15. ...read more
RECOMMENDATION: The overall picture with a consolidated Growth Rank of 17, is a sell recommendation for growth and momentum investors. Because revenues and invested capital are the more solid growth indicators, the positive development on the profit side is less relevant. It may have been caused by cost-cutting, which may be a negative growth indicator. Finally, the above-average stock returns recently are a thing of the past and not a good indicator of future returns. Investors should be confident that the cost-cutting initiative leading to higher profits is to benefit the company's future. If not, there is little growth momentum, and investment is only advisable if the Value Ranks suggest a good investment timing for SES. While momentum is a popular investment factor, the value aspect might be the more important one, in the longer term. We recommend analyzing the stock with Obermatt’s Value, Safety, and Sentiment Ranks to arrive at a 360° View of the stock purchase case, especially since the growth performance is mixed here. ...read more
GROWTH METRICS | 2022 | 2023 | 2024 | 2025 | ||||
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REVENUE GROWTH | ||||||||
REVENUE GROWTH | 12 |
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1 |
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17 |
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6 |
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PROFIT GROWTH | ||||||||
PROFIT GROWTH | 100 |
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100 |
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10 |
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56 |
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CAPITAL GROWTH | ||||||||
CAPITAL GROWTH | 6 |
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34 |
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6 |
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15 |
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STOCK RETURNS | ||||||||
STOCK RETURNS | 19 |
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45 |
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9 |
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73 |
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CONSOLIDATED RANK: GROWTH | ||||||||
CONSOLIDATED RANK: GROWTH | 17 |
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43 |
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3 |
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17 |
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Safety Metrics in Detail
ANALYSIS: With an Obermatt Safety Rank of 71 (better than 71% compared with alternatives), the company SES has financing practices on the safer side, which mean that their overall debt burden is lower than average. This doesn't mean that the business of SES is safe, it only means that the company is on the safer side regarding possible bankruptcy, assuming that public reporting is correct. The Safety Rank is based on consolidating three financing indicators, with just one indicator above average for SES and the other two below average. Refinancing is at 99, meaning the portion of the debt about to be refinanced is below average. It has less debt in the refinancing stage than 99% of its competitors. But Leverage is high with a rank of 38, meaning the company has an above-average debt-to-equity ratio. It has more debt than 62% of its competitors. Liquidity is also on the riskier side with a rank of 31, meaning the company generates less profit to service its debt than 69% of its competitors. ...read more
RECOMMENDATION: With a consolidated Safety Rank of 71 (better than 71% compared with alternatives), SES has a financing structure that is safer than that of its competitors. A good Refinancing Rank means that the problems of the company may not be around the corner. But high Leverage is only good if things go well, and low Liquidity is a signal for caution. The financing signals for SES are on the riskier side, requiring the company's future to be on the safer side. Investors may want to look at Growth and Sentiment ranks before making an investment decision. In the long-term, investors may have a debt challenge with SES and should also compare Obermatt’s Value, Growth, and Sentiment Ranks before making a decision. ...read more
SAFETY METRICS | 2022 | 2023 | 2024 | 2025 | ||||
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LEVERAGE | ||||||||
LEVERAGE | 72 |
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61 |
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51 |
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38 |
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REFINANCING | ||||||||
REFINANCING | 53 |
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59 |
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100 |
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99 |
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LIQUIDITY | ||||||||
LIQUIDITY | 34 |
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35 |
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46 |
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31 |
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CONSOLIDATED RANK: SAFETY | ||||||||
CONSOLIDATED RANK: SAFETY | 65 |
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59 |
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89 |
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71 |
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Sentiment Metrics in Detail
SENTIMENT | 2022 | 2023 | 2024 | 2025 | ||||
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ANALYST OPINIONS | ||||||||
ANALYST OPINIONS | n/a |
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34 |
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23 |
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OPINIONS CHANGE | ||||||||
OPINIONS CHANGE | 40 |
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60 |
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56 |
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new | |
PRO HOLDINGS | ||||||||
PRO HOLDINGS | 47 |
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32 |
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5 |
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MARKET PULSE | ||||||||
MARKET PULSE | 86 |
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57 |
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74 |
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new | |
CONSOLIDATED RANK: SENTIMENT | ||||||||
CONSOLIDATED RANK: SENTIMENT | 60 |
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42 |
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29 |
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new |
Free stock analysis by the purely fact based Obermatt Method for SES from July 3, 2025.
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