SES S.A (SES) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.60x
SES S.A (SES) has a Cash Flow Reinvestment Rate of 0.60x as of December 2025, reinvesting €548.00 Million (capex €548.00 Million ) from operating cash flow of €908.00 Million. See SES S.A (SES) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.60x
(Capex + Investments) / Operating CF
Total Reinvested
€548.00 Million
Capex + Investments
Operating Cash Flow
€908.00 Million
EUR
Capital Expenditures
€548.00 Million
EUR
SES S.A Cash Flow Reinvestment Rate (2016–2025)
Historical reinvestment intensity for SES S.A across 10 annual periods. For the full cash flow conversion analysis, see SES operating cash flow.
Annual Cash Flow Reinvestment Rate for SES S.A (2016–2025)
Year-by-year capital reinvestment analysis for SES S.A. See financial agility of SES S.A to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.60x | €548.00 Million | €908.00 Million | €548.00 Million | ▲ +31.4% |
| 2024 | 0.46x | €462.00 Million | €1.01 Billion | €303.00 Million | ▲ +106.2% |
| 2023 | 0.22x | €775.00 Million | €3.48 Billion | €405.00 Million | ▼ -89.4% |
| 2022 | 2.11x | €3.11 Billion | €1.48 Billion | €1.31 Billion | ▲ +418.3% |
| 2021 | 0.41x | €526.00 Million | €1.29 Billion | €243.00 Million | ▲ +9.9% |
| 2020 | 0.37x | €388.00 Million | €1.05 Billion | €171.00 Million | ▼ -28.5% |
| 2019 | 0.52x | €586.80 Million | €1.13 Billion | €279.00 Million | ▲ +111.1% |
| 2018 | 0.25x | €292.00 Million | €1.19 Billion | €290.80 Million | ▼ -32.6% |
| 2017 | 0.36x | €454.80 Million | €1.25 Billion | €446.10 Million | ▼ -76.9% |
| 2016 | 1.57x | €2.00 Billion | €1.27 Billion | €620.00 Million | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow