Added to YB: 2025-06-12
Pitch date: 2025-06-11
SES.TO [neutral]
SECURE Waste Infrastructure Corp.
+10.74%
current return
Author Info
Company Info
SECURE Waste Infrastructure Corp. engages in the waste management and energy infrastructure businesses primarily in Canada and the United States.
Market Cap
CAD 3.6B
Pitch Price
CAD 15.46
Price Target
N/A
Dividend
2.46%
EV/EBITDA
10.43
P/E
19.33
EV/Sales
0.44
Sector
Oil, Gas and Consumable Fuels
Category
value
Secure Waste Infrastructure Corp (SES.TO)
SES.TO neutral: Canadian waste mgmt/energy infrastructure co, 75% earnings from waste mgmt. Post-Tervita merger, $1B divestiture funded buybacks. Stable cash flows, high retention, regulatory moat. PE 18x seems high for capital-intensive business. Strong performer last 5yrs but questions on buyback sustainability after one-off cash event.
Read full article (5 min)