SES S.A Capital Reinvestment Ratio
SES S.A 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 free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of SES S.A (2016–2025)
Capital reinvestment ratio of SES S.A from 2016 to 2025. This chart tracks SES S.A's Capital Reinvestment Ratio across 10 annual periods. See SES S.A (SES) flexibility index to measure the company's free cash flow as a share of total liabilities.
SES S.A Capital Reinvestment Ratio by Year (2016–2025)
SES S.A capital reinvestment ratio by year from 2016 to 2025. For the full cash flow conversion analysis, see cash flow conversion of SES S.A.
| 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 | — |