SES S.A (SES) — Capital Reinvestment Ratio
Latest as of December 2025:
0.60x
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). Check SES S.A (SES) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
0.60x
Capex / Operating Cash Flow
Operating Cash Flow
€908.00 Million
EUR
Capital Expenditures
€548.00 Million
EUR
Data as of
Dec 2025
Most recent filing
SES S.A Capital Reinvestment Ratio (2016–2025)
This chart tracks SES S.A's Capital Reinvestment Ratio across 10 annual periods. For the full cash flow conversion analysis, see SES cash flow conversion.
Annual Capital Reinvestment Ratio for SES S.A (2016–2025)
Year-by-year Capital Reinvestment Ratio for SES S.A from 2016 to 2025. See SES S.A (SES) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow