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Added to YB: 2025-03-24

Pitch date: 2025-03-20

SES.TO [bullish]

SECURE Waste Infrastructure Corp.

+14.33%

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 15.11

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

Show full summary:
SECURE Waste Infrastructure Corp.: Durable Earnings + Volatile Stocks + Share Repurchases = Shareholder Value Creation

SES.TO: Oil services co shifting to production focus. Buybacks: 19% in 2024, 8% forecast 2025 (1.8% YTD Feb). Cheap vs peers. 1.1x leverage ratio vs 2-2.5x target. $300M FCF expected 2025. Another tender offer possible given undervaluation and capacity. Resilient to low oil prices.

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