profit from every €100 of sales.
€0€100
SES
€4.56-0.96% today
-17.8% since Dec 23, 25
1-year low €3.581-year high €9.89
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What SES sold, what it kept, and what it did with the cash.
Sales went from €1.94 billion in 2022 to €2.63 billion in 2025, with -€95.0 million of profit last year.
SalesProfit
SES handed back 57% of the cash it generated last year.
€207M
Free cash flow 2025€360M
Bought back its own shares€0
Paid as dividends€207M
Cash vs. debt€674M vs. €6.9B
SES vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from €100 of sales | Sales growth a year | Price per €1 of profit |
|---|---|---|---|
| SES | No profit yet | ||
 Nexstar Media Group | 58.8× · Expensive | ||
 TBS Holdings,Inc. | 21.8× · Fair price | ||
 Nippon Television Holdings | 15.7× · Fair price | ||
 Fuji Media Holdings | No profit yet |
AI analysis
An AI analyst reads SES's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,944 | 2,030 | 2,001 | 2,627 | |
| 1,593 | 1,586 | 1,540 | 1,872 | |
| 397 | 307 | 224 | 395 | |
| 859 | 59 | 1,002 | 1,107 | |
| -34 | -905 | 15 | -95 | |
| -0.16 | -2.14 | 0.00 | -0.26 | |
| 81.9% | 78.1% | 77.0% | 71.3% | |
| 20.4% | 15.1% | 11.2% | 15.0% | |
| -1.7% | -44.6% | 0.7% | -3.6% |
Balance sheet
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 12,607 | 10,184 | 10,327 | 13,370 |
| Cash | 1,047 | 2,907 | 3,221 | 674 |
| Total debt | 4,393 | 4,198 | 4,571 | 6,940 |
| Total liabilities | 6,949 | 6,426 | 6,835 | 10,656 |
| 5,596 | 3,701 | 3,423 | 2,623 | |
| 555 | 439 | 429 | 365 | |
| 1.2% | -6.0% | 1.8% | 1.0% | |
| -0.6% | -24.5% | 0.4% | -3.6% |
Cash flow
| In millions of EUR | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,471 | 3,479 | 1,006 | 908 | |
| 1,354 | 405 | 303 | 548 | |
| 117 | 3,074 | 703 | 360 | |
| Dividends paid | 219 | 220 | 320 | 207 |
| 0 | 22 | 128 | 0 | |
| – | – | – | – |
Valuation
- –
- –
- –
- 1.3×
- 0.7×
- 5.2×
- 7.3×
- 19.4%
- -5.1%
- 11.1%
Profitability
- 71.3%
- 15.0%
- -3.6%
- –
- 1.0%
- -0.5%
- –
- –
- –
- –
Growth
- +10.6%
- –
- –
- –
- −13.0%
Financial health
- 5.7×
- 2.65
- –
- 0.5×
- 0.87
- –
- –
How it ranks in Communication Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 14%of 436
Top 42%of 438
Top 31%of 440
Top 7%of 440
11.1%of the share price, paid each year
On $1,000 invested$111a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
: 57.5%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
30No pass
Benjamin Graham
28No pass
Philip Fisher
41No pass
Peter Lynch
23No pass
Joel Greenblatt
0No pass
Charlie Munger
27No pass
Terry Smith
23No pass
Questions about SES
Is SES a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the SES AI analysis
What does SES do?
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 is in Broadcasting, based in Betzdorf, Luxembourg, with 3,830 employees.
Does SES pay a dividend?
Yes. At today's price the dividend is 11.1% a year. In 2025 it paid out €207 million in dividends.
Is SES stock halal?
No. SES does not pass our halal screen: its debt is 374% of its market value, at or above the 33% limit. How we check
Who are SES's competitors?
The largest listed companies in the same industry are Nexstar Media Group, TBS Holdings,Inc., Nippon Television Holdings and Fuji Media Holdings. The peers table on this page compares their profit, growth and price with SES's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.