SES S.A (SES) — Capital Reinvestment Ratio
SES S.A (SES) has a Capital Reinvestment Ratio of 0.60x as of December 2025, meaning it reinvests 1% of its operating cash flow (€908.00 Million) in capital expenditures (€548.00 Million). See SES S.A (SES) net asset quality to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
SES S.A Capital Reinvestment Ratio (2016–2025)
This chart tracks SES S.A's Capital Reinvestment Ratio across 10 annual periods. Check total reinvestment intensity of SES S.A to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for SES S.A (2016–2025)
Year-by-year Capital Reinvestment Ratio for SES S.A from 2016 to 2025. For live market cap and broader valuation context, see SES S.A (SES) market capitalisation.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.60x | €908.00 Million | €548.00 Million | ▲ +100.4% |
| 2024 | 0.30x | €1.01 Billion | €303.00 Million | ▲ +158.7% |
| 2023 | 0.12x | €3.48 Billion | €405.00 Million | ▼ -86.9% |
| 2022 | 0.89x | €1.48 Billion | €1.31 Billion | ▲ +373.3% |
| 2021 | 0.19x | €1.29 Billion | €243.00 Million | ▲ +15.2% |
| 2020 | 0.16x | €1.05 Billion | €171.00 Million | ▼ -33.7% |
| 2019 | 0.25x | €1.13 Billion | €279.00 Million | ▲ +0.8% |
| 2018 | 0.24x | €1.19 Billion | €290.80 Million | ▼ -31.5% |
| 2017 | 0.36x | €1.25 Billion | €446.10 Million | ▼ -26.7% |
| 2016 | 0.49x | €1.27 Billion | €620.00 Million | — |