The Discounted Cash Flow (DCF) valuation of SES SA (SESG.PA) is 0.33 EUR. With the latest stock price at 6.22 EUR, the upside of SES SA based on DCF is -94.7%.
Based on the latest price of 6.22 EUR and our DCF valuation, SES SA (SESG.PA) is a sell. Selling SESG.PA stocks now will result in a potential gain of 94.7%.
Range | Selected | |
WACC / Discount Rate | 4.3% - 5.4% | 4.9% |
Long-term Growth Rate | 3.0% - 4.1% | 3.5% |
Fair Price | (0.81) - 11.17 | 0.33 |
Upside | -113.0% - 79.4% | -94.7% |
(EUR in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 2,001 | 2,118 | 2,161 | 2,244 | 2,332 | 2,379 |
% Growth | 1% | 6% | 2% | 4% | 4% | 2% |
Cost of goods sold | (460) | (463) | (448) | (442) | (437) | (423) |
% of Revenue | 23% | 22% | 21% | 20% | 19% | 18% |
Selling, G&A expenses | (348) | (368) | (376) | (390) | (406) | (414) |
% of Revenue | 17% | 17% | 17% | 17% | 17% | 17% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (1,111) | (1,176) | (1,200) | (1,246) | (1,295) | (1,321) |
% of Revenue | 56% | 56% | 56% | 56% | 56% | 56% |
Tax expense | (55) | (27) | (33) | (40) | (47) | (53) |
Tax rate | 67% | 24% | 24% | 24% | 24% | 24% |
Net profit | 27 | 84 | 104 | 126 | 148 | 168 |
% Margin | 1% | 4% | 5% | 6% | 6% | 7% |