SES S. A. (SESG) - Net Assets
Based on the latest financial reports, SES S. A. (SESG) has net assets worth €2.88 Billion EUR (≈ $3.36 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.53 Billion ≈ $12.31 Billion USD) and total liabilities (€7.65 Billion ≈ $8.94 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SES S. A. liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.88 Billion |
| % of Total Assets | 27.34% |
| Annual Growth Rate | -0.44% |
| 5-Year Change | -35.79% |
| 10-Year Change | -14.01% |
| Growth Volatility | 22.77 |
SES S. A. - Net Assets Trend (2002–2024)
This chart illustrates how SES S. A.'s net assets have evolved over time, based on quarterly financial data. Also explore SES S. A. assets under control for the complete picture of this company's asset base.
Annual Net Assets for SES S. A. (2002–2024)
The table below shows the annual net assets of SES S. A. from 2002 to 2024. For live valuation and market cap data, see SESG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.49 Billion ≈ $4.08 Billion |
-7.08% |
| 2023-12-31 | €3.76 Billion ≈ $4.39 Billion |
-33.58% |
| 2022-12-31 | €5.66 Billion ≈ $6.61 Billion |
-1.31% |
| 2021-12-31 | €5.73 Billion ≈ $6.70 Billion |
+5.42% |
| 2020-12-31 | €5.44 Billion ≈ $6.36 Billion |
-13.08% |
| 2019-12-31 | €6.26 Billion ≈ $7.31 Billion |
+0.09% |
| 2018-12-31 | €6.25 Billion ≈ $7.31 Billion |
+2.26% |
| 2017-12-31 | €6.11 Billion ≈ $7.15 Billion |
-11.99% |
| 2016-12-31 | €6.95 Billion ≈ $8.12 Billion |
+71.03% |
| 2015-12-31 | €4.06 Billion ≈ $4.75 Billion |
+16.37% |
| 2014-12-31 | €3.49 Billion ≈ $4.08 Billion |
+20.38% |
| 2013-12-31 | €2.90 Billion ≈ $3.39 Billion |
+0.46% |
| 2012-12-31 | €2.89 Billion ≈ $3.37 Billion |
+10.25% |
| 2011-12-31 | €2.62 Billion ≈ $3.06 Billion |
+22.96% |
| 2010-12-31 | €2.13 Billion ≈ $2.49 Billion |
+33.40% |
| 2009-12-31 | €1.60 Billion ≈ $1.87 Billion |
+2.20% |
| 2008-12-31 | €1.56 Billion ≈ $1.83 Billion |
-3.13% |
| 2007-12-31 | €1.61 Billion ≈ $1.88 Billion |
-47.07% |
| 2006-12-31 | €3.05 Billion ≈ $3.56 Billion |
-12.59% |
| 2005-12-31 | €3.48 Billion ≈ $4.07 Billion |
+3.23% |
| 2004-12-31 | €3.37 Billion ≈ $3.95 Billion |
-3.27% |
| 2003-12-31 | €3.49 Billion ≈ $4.08 Billion |
-9.29% |
| 2002-12-31 | €3.85 Billion ≈ $4.50 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to SES S. A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 92.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €15.00 Million | 0.44% |
| Common Stock | €696.00 Million | 20.33% |
| Other Comprehensive Income | €758.00 Million | 22.14% |
| Other Components | €1.95 Billion | 57.08% |
| Total Equity | €3.42 Billion | 100.00% |
SES S. A. Competitors by Market Cap
The table below lists competitors of SES S. A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LEROY SEAFOOD GR.UNSP.ADR
F:Z1L0
|
$2.27 Billion |
|
Sinch AB
ST:SINCH
|
$2.27 Billion |
|
CSG Systems International Inc
NASDAQ:CSGS
|
$2.27 Billion |
|
Fujian Star Net Communic Ltd
SHE:002396
|
$2.27 Billion |
|
BBB Foods Inc.
NYSE:TBBB
|
$2.27 Billion |
|
Beijing Xinleineng Technology Co Ltd
SHE:300593
|
$2.27 Billion |
|
Astronics Corporation
NASDAQ:ATRO
|
$2.27 Billion |
|
China Meheco Co Ltd
SHG:600056
|
$2.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SES S. A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,076,000,000 to 3,423,000,000, a change of 347,000,000 (11.3%).
- Net income of 15,000,000 contributed positively to equity growth.
- Dividend payments of 320,000,000 reduced retained earnings.
- Share repurchases of 128,000,000 reduced equity.
- Other comprehensive income decreased equity by 1,510,000,000.
- Other factors increased equity by 2,290,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €15.00 Million | +0.44% |
| Dividends Paid | €320.00 Million | -9.35% |
| Share Repurchases | €128.00 Million | -3.74% |
| Other Comprehensive Income | €-1.51 Billion | -44.11% |
| Other Changes | €2.29 Billion | +66.9% |
| Total Change | €- | 11.28% |
Book Value vs Market Value Analysis
This analysis compares SES S. A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.88x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.06x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €6.63 | €7.03 | x |
| 2003-12-31 | €3.27 | €7.03 | x |
| 2004-12-31 | €4.53 | €7.03 | x |
| 2005-12-31 | €4.97 | €7.03 | x |
| 2006-12-31 | €4.55 | €7.03 | x |
| 2007-12-31 | €2.42 | €7.03 | x |
| 2008-12-31 | €3.12 | €7.03 | x |
| 2009-12-31 | €3.18 | €7.03 | x |
| 2010-12-31 | €4.19 | €7.03 | x |
| 2011-12-31 | €6.39 | €7.03 | x |
| 2012-12-31 | €6.99 | €7.03 | x |
| 2013-12-31 | €7.01 | €7.03 | x |
| 2014-12-31 | €8.38 | €7.03 | x |
| 2015-12-31 | €9.63 | €7.03 | x |
| 2016-12-31 | €15.63 | €7.03 | x |
| 2017-12-31 | €13.18 | €7.03 | x |
| 2018-12-31 | €10.77 | €7.03 | x |
| 2019-12-31 | €13.53 | €7.03 | x |
| 2020-12-31 | €11.79 | €7.03 | x |
| 2021-12-31 | €12.64 | €7.03 | x |
| 2022-12-31 | €12.76 | €7.03 | x |
| 2023-12-31 | €7.01 | €7.03 | x |
| 2024-12-31 | €7.98 | €7.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SES S. A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.75%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 3.02x
- Recent ROE (0.44%) is below the historical average (11.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.19% | 15.16% | 0.17x | 2.46x | €-125.96 Million |
| 2003 | 6.83% | 17.01% | 0.18x | 2.25x | €-95.32 Million |
| 2004 | 10.20% | 31.60% | 0.16x | 2.07x | €6.74 Million |
| 2005 | 11.18% | 30.36% | 0.18x | 2.10x | €40.45 Million |
| 2006 | 14.47% | 26.98% | 0.20x | 2.68x | €134.58 Million |
| 2007 | 25.60% | 25.08% | 0.24x | 4.34x | €246.18 Million |
| 2008 | 24.95% | 23.77% | 0.22x | 4.85x | €232.19 Million |
| 2009 | 30.01% | 28.00% | 0.23x | 4.67x | €317.73 Million |
| 2010 | 23.28% | 28.08% | 0.21x | 3.93x | €278.00 Million |
| 2011 | 24.37% | 35.64% | 0.20x | 3.50x | €364.28 Million |
| 2012 | 23.12% | 35.49% | 0.20x | 3.21x | €368.19 Million |
| 2013 | 20.08% | 30.42% | 0.20x | 3.22x | €284.43 Million |
| 2014 | 17.65% | 31.31% | 0.19x | 2.92x | €260.33 Million |
| 2015 | 13.86% | 27.05% | 0.19x | 2.71x | €151.65 Million |
| 2016 | 14.14% | 46.53% | 0.15x | 2.00x | €282.05 Million |
| 2017 | 9.96% | 29.29% | 0.17x | 2.03x | €-2.69 Million |
| 2018 | 4.76% | 15.12% | 0.15x | 2.09x | €-322.44 Million |
| 2019 | 4.79% | 15.25% | 0.15x | 2.14x | €-321.34 Million |
| 2020 | -1.77% | -5.17% | 0.15x | 2.31x | €-631.60 Million |
| 2021 | 7.99% | 25.89% | 0.13x | 2.31x | €-114.00 Million |
| 2022 | -0.63% | -1.80% | 0.15x | 2.25x | €-594.60 Million |
| 2023 | -29.42% | -44.58% | 0.20x | 3.31x | €-1.21 Billion |
| 2024 | 0.44% | 0.75% | 0.19x | 3.02x | €-327.30 Million |
Industry Comparison
This section compares SES S. A.'s net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $1,040,982,333
- Average return on equity (ROE) among peers: 11.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SES S. A. (SESG) | €2.88 Billion | 6.19% | 2.66x | $2.27 Billion |
| Métropole Télévision S.A. (MMT) | $582.70 Million | 21.18% | 1.17x | $1.48 Billion |
| NRJ Group (NRG) | $587.65 Million | 3.44% | 0.31x | $538.93 Million |
| Television Francaise 1 SA (TFI) | $1.95 Billion | 9.83% | 0.87x | $1.66 Billion |
About SES S. A.
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 gro… Read more