Added to YB: 2025-02-19
Pitch date: 2025-02-18
SES.TO [bullish]
SECURE Waste Infrastructure Corp.
+19.53%
current return
Author Info
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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 14.45
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
turnaround
SECURE Waste Infrastructure: The Market’s Blind Spot, and the Opportunity Behind It
SES.TO: Waste mgmt leader, 7.5x 2025E EV/EBITDA vs peers 15x. 70% EBITDA from waste, 30% energy infra. 35% margins, 1.5x net debt/EBITDA. Acquired Tervita, sold 30% for 80% of purchase price. 24% shares repurchased since 2022, 8% more planned. 40%+ IRR potential. Risks: regulatory, commodity prices, market perception.
Read full article (8 min)