Secure Energy Services Inc.
stock CA:SES (TORONTO)

Alternative ID: CA81373C1023

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Exchange: TORONTO
Sector: Industrial Goods
Industry: Industrial Products and Services,Energy Services
Market Cap: Mid (2.13B)
Data in CAD

EPS: -0.40
Current PE: -4.69
BVPS: 4.13
Price/BVPS: 0.46
Dividend: 0.05 / 0.7%

Hist Grade: E (16.81)
YOY Grade: F (13.10)
Debt/FCF: 34.74
ROIC: 7.5%
PEG: -1.00
PEGY: -1.00

Value Price: 0.00
MOS Price: 0.00
MOS %: -100.0%
Graham Number: 0.00
Graham MOS %: -100.0%
IRT: 99.00

Market Price

1.89

0.20 11.8%

as of Jun 02 '23

52 Week Range:

1.33 7.85

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: TORONTO
Sector: Industrial Goods
Industry: Industrial Products and Services,Energy Services
Market Cap: Mid (2.13B)
Inst. Ownership: 58.65%
Insider Ownership: 1.62%
Full Time Employees: 2050

Secure Energy Services Inc., an energy services company, provides solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States. It operates through two segments, Midstream Infrastructure, and Environmental and Fluid Management. The company's Midstream Infrastructure segment provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills. The Environmental and Fluid Management segment includes a network of owned, operated, and marketed industrial landfills, hazardous and non-hazardous waste management and disposal, onsite abandonment, and environmental solutions for site remediation and reclamation, bio-remediation, water treatment and recycling, emergency response, rail, and metal recycling services, as well as offers fluid management for drilling, completion, and production operations for oil and gas producers. This segment also designs and implements drilling fluid systems for producers drilling for oil, bitumen, and natural gas; provides naturally occurring radioactive material management services, as well as equipment and chemical solutions that optimize well production. Secure Energy Services Inc. is headquartered in Calgary, Canada.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	3.73	4.57	4.66	6.35	6.63	5.79	5.52	5.32	5.08	4.59	4.13
growth rate		22.5%	2.0%	36.3%	4.4%	-12.7%	-4.7%	-3.6%	-4.5%	-9.7%	-10.0%
Earnings BIT	31.92	46.19	61.76	94.96	-3.31	-34.43	15.60	55.55	24.19	-19.00	80.00
growth rate		44.7%	33.7%	53.8%	-100.0%	0.0%	100.0%	256.2%	-56.5%	-100.0%	100.0%
Avg.PE	25.45	29.85	50.25	61.32	322.73	322.73	-45.20	76.83	69.03	69.03	69.03
growth rate		17.3%	68.3%	22.0%	426.3%	0.0%	-100.0%	100.0%	-10.2%	0.0%	0.0%
ROA	5.62	4.82	4.31	2.42	-11.37	-3.57	-2.29	1.27	0.10	-5.55	-9.31
growth rate		-14.2%	-10.6%	-43.9%	-100.0%	0.0%	0.0%	100.0%	-92.1%	-100.0%	0.0%
ROE	8.90	7.99	6.82	4.30	-20.15	-5.59	-3.80	2.32	0.20	-11.65	-22.69
growth rate		-10.2%	-14.6%	-37.0%	-100.0%	0.0%	0.0%	100.0%	-91.4%	-100.0%	0.0%
ROIC	7.55	6.87	6.10	3.81	-13.08	-3.48	-2.15	2.79	1.56	-5.45	-9.36
growth rate		-9.0%	-11.2%	-37.5%	-100.0%	0.0%	0.0%	100.0%	-44.1%	-100.0%	0.0%
Cur. Ratio	1.99	1.62	1.76	1.48	2.19	1.87	1.52	1.86	1.50	1.32	1.40
growth rate		-18.6%	8.6%	-15.9%	48.0%	-14.6%	-18.7%	22.4%	-19.4%	-12.0%	6.1%
Quick Ratio	1.61	1.19	1.33	1.11	1.50	1.39	1.22	1.40	1.13	0.96	1.07
growth rate		-26.1%	11.8%	-16.5%	35.1%	-7.3%	-12.2%	14.8%	-19.3%	-15.0%	11.5%
Leverage	1.73	1.61	1.57	1.96	1.60	1.54	1.78	1.88	2.11	2.08	2.66
growth rate		-6.9%	-2.5%	24.8%	-18.4%	-3.8%	15.6%	5.6%	12.2%	-1.4%	27.9%
Balance Sheet	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable	144.10	122.60	167.48	228.64	140.77	220.92	308.69	242.53	228.47	144.00	345.00
growth rate		-14.9%	36.6%	36.5%	-38.4%	56.9%	39.7%	-21.4%	-5.8%	-37.0%	139.6%
Acct.Payable			120.15	191.75	86.09	154.01	255.54	165.52	185.88	142.00	272.00
growth rate				59.6%	-55.1%	78.9%	65.9%	-35.2%	12.3%	-23.6%	91.6%
Cur.Assets	193.60	179.10	236.31	312.12	212.91	301.20	405.41	331.42	314.45	208.00	466.00
growth rate		-7.5%	31.9%	32.1%	-31.8%	41.5%	34.6%	-18.3%	-5.1%	-33.9%	124.0%
Total Assets	603.10	767.90	1,039.73	1,496.12	1,315.42	1,425.25	1,562.75	1,583.50	1,647.65	1,376.00	2,937.00
growth rate		27.3%	35.4%	43.9%	-12.1%	8.4%	9.7%	1.3%	4.1%	-16.5%	113.4%
Cash	11.40	7.50	12.02	4.88	4.86	3.43	9.73	7.93	8.85	7.00	10.00
growth rate		-34.2%	60.3%	-59.4%	-0.4%	-29.4%	183.5%	-18.5%	11.7%	-20.9%	42.9%
Inventory	34.50	42.60	50.80	70.20	58.85	68.46	72.23	70.10	65.16	48.00	100.00
growth rate		23.5%	19.3%	38.2%	-16.2%	16.3%	5.5%	-3.0%	-7.1%	-26.3%	108.3%
Cur.Liabilities	97.50	110.60	134.48	211.27	97.13	161.37	266.00	178.32	210.27	157.00	333.00
growth rate		13.4%	21.6%	57.1%	-54.0%	66.1%	64.8%	-33.0%	17.9%	-25.3%	112.1%
Liabilities	254.00	289.50	375.39	733.82	490.91	498.20	688.25	739.19	835.01	659.00	1,831.00
growth rate		14.0%	29.7%	95.5%	-33.1%	1.5%	38.2%	7.4%	13.0%	-21.1%	177.9%
LT Debt	121.30	127.00	159.93	397.39	260.68	208.04	298.41	412.92	453.41	399.00	1,207.00
growth rate		4.7%	25.9%	148.5%	-34.4%	-20.2%	43.4%	38.4%	9.8%	-12.0%	202.5%
Equity	349.00	478.40	664.33	762.30	824.51	927.05	874.49	844.32	779.69	687.00	1,106.00
growth rate		37.1%	38.9%	14.8%	8.2%	12.4%	-5.7%	-3.5%	-7.7%	-11.9%	61.0%
Common Shares	83.00	99.00	111.00	122.00	133.00	155.00	163.00	1,031.19	1,017.99	1,038.00	1,670.00
growth rate		19.3%	12.1%	9.9%	9.0%	16.5%	5.2%	532.6%	-1.3%	2.0%	60.9%
Cash Flow Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures	97.60	170.80	198.18	302.97	114.25	62.65	137.27	178.65	120.86	71.00	43.00
growth rate		75.0%	16.0%	52.9%	-62.3%	-45.2%	119.1%	30.1%	-32.4%	-41.3%	-39.4%
Cash Dividends	0.00	0.00	10.82	19.43	24.81	23.44	37.12	44.04	42.95	17.00	7.00
growth rate				79.6%	27.7%	-5.5%	58.4%	18.6%	-2.5%	-60.4%	-58.8%
Cash From OA	7.80	99.30	99.60	195.24	131.02	96.68	108.87	186.52	196.61	149.00	74.00
growth rate		1,173.1%	0.3%	96.0%	-32.9%	-26.2%	12.6%	71.3%	5.4%	-24.2%	-50.3%
FCF per Share	-0.83	-0.72	-0.67	-0.99	-0.28	0.21		-0.23	0.50	0.38	0.27
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%		-100.0%	100.0%	-24.0%	-29.0%
Sale Purchase of Stock			113.90	11.05	198.50	147.79
growth rate				-90.3%	1,696.9%	-25.6%
FCF	-90.00	-72.00	-99.00	-108.00	4.00	34.00	-28.00	9.00	76.00	77.00	31.00
growth rate		0.0%	0.0%	0.0%	100.0%	750.0%	-100.0%	100.0%	744.4%	1.3%	-59.7%
Income Statement	Dec '11	Dec '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales	551.20	1,029.40	1,492.54	2,271.65	1,346.43	1,410.06	2,328.21	2,937.45	3,053.28	1,824.00	3,766.00
growth rate		86.8%	45.0%	52.2%	-40.7%	4.7%	65.1%	26.2%	3.9%	-40.3%	106.5%
Op.Income	33.90	52.00	61.76	94.96	-3.31	-34.43	15.60	55.55	24.19	-19.00	80.00
growth rate		53.4%	18.8%	53.8%	-100.0%	0.0%	100.0%	256.2%	-56.5%	-100.0%	100.0%
IBT	31.90	46.20	55.19	51.29	-183.93	-56.71	-27.85	36.09	-0.72	-109.00	-273.00
growth rate		44.8%	19.5%	-7.1%	-100.0%	0.0%	0.0%	100.0%	-100.0%	0.0%	0.0%
Net Income	22.40	33.10	38.96	30.65	-159.87	-48.94	-34.20	19.93	1.60	-85.00	-203.00
growth rate		47.8%	17.7%	-21.3%	-100.0%	0.0%	0.0%	100.0%	-92.0%	-100.0%	0.0%
EPS	0.27	0.33	0.35	0.25	-1.20	-0.32	-0.21	0.12	0.01	-0.54	-0.87
growth rate		22.2%	6.1%	-28.6%	-100.0%	0.0%	0.0%	100.0%	-91.7%	-100.0%	0.0%
Gross Profit	61.30	100.40	131.61	289.23	190.63	144.46	104.66	155.15	125.49	52.00	194.00
growth rate		63.8%	31.1%	119.8%	-34.1%	-24.2%	-27.6%	48.2%	-19.1%	-58.6%	273.1%
R&D	2.00	3.90	9.50
growth rate		95.0%	143.6%

Quarterly Statements

Item Name	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Earnings BIT	-4.76	19.00	59.00	67.00	97.00
growth rate		100.0%	210.5%	13.6%	44.8%
Balance Sheet	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Acct.Receivable	150.56	353.00	345.00	455.00	473.00
growth rate		134.5%	-2.3%	31.9%	4.0%
Acct.Payable	155.01	322.00	272.00	376.00	393.00
growth rate		107.7%	-15.5%	38.2%	4.5%
Cur.Assets	427.24	461.00	466.00	585.00	596.00
growth rate		7.9%	1.1%	25.5%	1.9%
Total Assets	1,553.57	3,141.00	2,937.00	2,970.00	2,931.00
growth rate		102.2%	-6.5%	1.1%	-1.3%
Cash	7.43	13.00	10.00	20.00	11.00
growth rate		74.9%	-23.1%	100.0%	-45.0%
Inventory	52.83	77.00	100.00	92.00	93.00
growth rate		45.8%	29.9%	-8.0%	1.1%
Cur.Liabilities	360.41	380.00	333.00	447.00	448.00
growth rate		5.4%	-12.4%	34.2%	0.2%
Liabilities	886.87	1,867.00	1,831.00	1,825.00	1,729.00
growth rate		110.5%	-1.9%	-0.3%	-5.3%
LT Debt	382.91	1,204.00	1,207.00	1,110.00	1,077.00
growth rate		214.4%	0.3%	-8.0%	-3.0%
Equity	666.70	1,274.00	1,106.00	1,145.00	1,202.00
growth rate		91.1%	-13.2%	3.5%	5.0%
Common Shares	1,048.34	1,670.00	1,670.00	1,679.00	1,680.00
growth rate		59.3%	0.0%	0.5%	0.1%
Cash Flow Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Capital Expenditures	6.80	13.00	17.00	13.00	19.00
growth rate		91.3%	30.8%	-23.5%	46.2%
Cash Dividends	1.20	2.00	2.00	2.00	2.00
growth rate		66.1%	0.0%	0.0%	0.0%
Cash From OA	20.81	1.00	28.00	100.00	68.00
growth rate		-95.2%	2,700.0%	257.1%	-32.0%
Sale Purchase of Stock
growth rate
FCF	14.01	-12.00	11.00	87.00	49.00
growth rate		-100.0%	100.0%	690.9%	-43.7%
Income Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Sales	511.90	1,253.00	1,340.00	1,750.00	2,078.00
growth rate		144.8%	6.9%	30.6%	18.7%
Op.Income	-4.76	19.00	59.00	67.00	97.00
growth rate		100.0%	210.5%	13.6%	44.8%
IBT	-17.78	-30.00	-224.00	47.00	68.00
growth rate		0.0%	0.0%	100.0%	44.7%
Net Income	-14.88	-22.00	-166.00	38.00	54.00
growth rate		0.0%	0.0%	100.0%	42.1%
EPS
growth rate
Gross Profit	15.51	57.00	97.00	101.00	135.00
growth rate		267.4%	70.2%	4.1%	33.7%
R&D
growth rate

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

E (16.81)

YOY Growth Grade:

F (13.10)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield: 0.7%
Beta: 2.57
Beta of 2.5675 suggests that the asset is more volatile than the rest of the market.
PE: -4.69
EY: -21.3%
PEG: -1.00
PEG Ratio of -1.00 suggests that annual EPS growth is negative, which is a bad sign.
PEGY: -1.00
PEGY Ratio of -1.00 suggests that annual EPS growth is negative, which is a bad sign.
Price/BVPS: 0.46
Price to BVPS Ratio of 0.46 suggests that stock is undervalued.

Profitability Ratios

ROE: -22.7%
Return on Equity (ROE) of -22.7% suggests that a company may not be able to fund future growth from within.
ROS: 2.1%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: -9.3%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: -24.7%
Return on Investment (ROI) of -24.7% suggests that a company may not be able to fund future growth from within.
ROIC: 7.5%
Return on Invested Capital (ROIC) of 7.5% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.

Liquidity Ratios

Current Ratio: 1.40
Current Ratio of 1.40 suggests that a company may not be able to pay off bills as rapidly as it should.
Quick Ratio: 1.07
Quick Ratio of 1.07 suggests that a company is doing well.
Cash Turnover: 28.32
Turnover Of Cash Ratio of 28.32 suggests that a company may be vulnerable to creditors. As a result it may be unable to pay wages or utility bills.
Equity Ratio: 37.7%
Equity Ratio of 37.7% suggests that a company has high financing and debt service costs, not very attractive to investors.
Debt/Equity: 165.6%
Debt to Equity Ratio of 165.6% suggests that greater risk assumed by creditors, hence greater interest by them in the way the company is being managed.
Debt/FCF: 34.74
Debt/FCF of 34.74 suggests that a company does not have enough cash to pay off its long term debt within three years.

Efficiency Ratios

Avg Collection Period: 33.44
Average Collection Period of 33.44 days suggests that a company is doing well.
Inventory Turnover: 35.72
Inventory Turnover Ratio of 35.72 suggests that a company is doing well.
Cash Flow Ratio: 1.64
Cash Flow Ratio of 1.64 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: -5.4%

Value Price

Current EPS is negative, therefore value price cannot be calculated.

PE and EPS

	Historical	Current	Forward
PE	69.03	-4.69	38.44
EPS / Growth	39.4%	-0.40	65.0%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 13.8%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	13.8%	39.4%	39.4%
Future PE	27.64	62.10	62.10
Future EPS	0.00	0.00	0.00
Value Price MOS %	0.00 -100.0%	0.00 -100.0%	0.00 -100.0%
MOS Price	0.00	0.00	0.00
IRT	99.00	99.00	99.00

Graham Number:

Current EPS is negative, therefore Graham Number cannot be calculated.

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 0.00
Graham MOS: -100.0%

Price Chart

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