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SES S.A (SGBAF) Fair Value & Analysis

Communication Services · US · Market cap $3.6B

SS SES S.A logo SES S.A SGBAF · US
Price$7.97
Fair Value$17.67
Upside+121.7%
Quality47/100
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Evidence: High Range $6.09 – $21.57 📤 Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 4 days ago

Fair value updated Jul 19, 2026, revised from $17.54 to $17.67 (+0.7%) since Jun 24, 2026. Share price −5.1% over the past month.

Price vs Fair Value (12 months)

$11.25 $2.42 Fair Value $17.67 Dec 2024 Jul 2026

12‑month range $2.42 – $11.25 · fair‑value band $6.09 – $21.57 · the $7.97 price screens below the $17.67 fair value. As of Jul 19, 2026.

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Analysis

SES S.A (SGBAF) currently trades at $7.97, while our model-based Fair Value estimate is $17.67, implying the stock looks roughly 121.7% undervalued today. We read business quality at 47/100 (below-average quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, SES S.A generated revenue of $3.0B at a net margin of -4.7%. Revenue grew 66.4% year over year. It earns a return on equity of -3.0%. Net debt stands at $5.9B. Fundamentals as of Jul 19, 2026

Our scenario range runs from $6.09 (bear case) to $21.57 (bull case); at $7.97, the current price sits within that range. The share trades about 30% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 21% fair-value upside, at 122%, SGBAF screens cheaper than that median.

Key figures & financial health

Revenue (TTM) $3.0B
Revenue growth (YoY) +66.4%
Net margin -4.7%
Return on equity -3.0%
Free cash flow $229M FY2025
Operating margin 11.7%
More key figures
EPS (TTM) $-0.4200
EPS growth (YoY) +1,796%
Net debt $5.9B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.

About the company

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 also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites, and ground infrastructures to the aviation, media and broadcast, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries. In addition, the company provides linear video aggregation and distribution to direct-to-home, direct-to-cable, and internet protocol TV homes; channel management solutions comprising playout; and capacity, live feeds and redundancy features for sports and events organizations. It serves broadcasters, platform operators, and content owners. The company was formerly known as SES Global SA and changed its name to SES S.A. in December 2006. …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SES S.A reported revenue of $2.6B in FY2025 versus $1.8B in FY2021, a compound +10.7%/yr. Reported net income was −$95.0M in FY2025.

Revenue +10.7%/yr
FY21 $1.8B
FY22 $1.9B
FY23 $2.0B
FY24 $2.0B
FY25 $2.6B
Net income
FY21 $453M
FY22 −$34.0M
FY23 −$905M
FY24 $15.0M
FY25 −$95.0M

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Cite: Fair Value Calculator (2026). "SES S.A Fair Value". https://www.fairvalue-calculator.com/stock/SGBAF

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
SKY Perfect JSAT Corporation SKPJY $31.61 $16.95 -46%
RTL Group RGLXF $41.00 $63.78 +56%
Nexstar Media Group NXST $173.41 $73.15 -58%
Nippon Television Holdings NPTVF $18.22 $23.41 +29%
ITV plc ITVPY $10.57 $12.30 +16%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 540.00 IDR 1,630 IDR +202%
MFE-Mediaforeurope N.V MFEB €3.55 €7.01 +97%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.20 ¥1.70 -47%
TV Asahi Holdings THDDY $20.60 $24.97 +21%
Sun TV Network Limited SUNTV ₹515.30 ₹586.58 +14%

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Frequently asked questions

Is SES S.A (SGBAF) undervalued?
As of Jul 19, 2026, our model estimates a fair value of $17.67 versus a price of $7.97, about +122% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SGBAF?
Our model-based fair value for SES S.A is $17.67 (as of Jul 19, 2026), built from audited fundamentals. The current price is $7.97.
What is the quality score of SGBAF?
SES S.A has a Quality Score of 47/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SES S.A (SGBAF)?
SES S.A reported trailing-twelve-month revenue of about $3.0B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SGBAF?
The net profit margin of SES S.A is about -4.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.