SES S.A (SGBAF) Fair Value & Analysis
Communication Services · US · Market cap $3.6B
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)
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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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
More key figures
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.
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Recent news
- Airbus (ENXTPA:AIR) Signs Quantum Ground Lease, Is The 16% Undervaluation Case Convincing?
- SES, Airbus and Dutch Municipality of Noordwijk to Build Satellite Optical Ground Station for EAGLE-1
- SES Space & Defense Wins BPA to Deliver Flexible Satellite Connections
- How SES (SGBAF) Is Turning Multi-Orbit Aviation Connectivity Into a Mobility Growth Driver
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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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.