Secure Energy Services Inc. (SES) - Net Assets

Latest as of December 2025: CA$792.00 Million CAD ≈ $572.92 Million USD

Based on the latest financial reports, Secure Energy Services Inc. (SES) has net assets worth CA$792.00 Million CAD (≈ $572.92 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.53 Billion ≈ $1.83 Billion USD) and total liabilities (CA$1.74 Billion ≈ $1.26 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 Secure Energy Services Inc. liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$792.00 Million
% of Total Assets 31.33%
Annual Growth Rate 14.19%
5-Year Change -28.39%
10-Year Change -14.57%
Growth Volatility 37.51

Secure Energy Services Inc. - Net Assets Trend (2008–2025)

This chart illustrates how Secure Energy Services Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore SES asset base for the complete picture of this company's asset base.

Annual Net Assets for Secure Energy Services Inc. (2008–2025)

The table below shows the annual net assets of Secure Energy Services Inc. from 2008 to 2025. For live valuation and market cap data, see SES company net worth.

Year Net Assets Change
2025-12-31 CA$792.00 Million
≈ $572.92 Million		 -23.99%
2024-12-31 CA$1.04 Billion
≈ $753.77 Million		 -12.14%
2023-12-31 CA$1.19 Billion
≈ $857.93 Million		 -6.32%
2022-12-31 CA$1.27 Billion
≈ $915.81 Million		 +14.47%
2021-12-31 CA$1.11 Billion
≈ $800.06 Million		 +54.25%
2020-12-31 CA$717.00 Million
≈ $518.67 Million		 -11.77%
2019-12-31 CA$812.64 Million
≈ $587.85 Million		 -3.75%
2018-12-31 CA$844.32 Million
≈ $610.77 Million		 -3.45%
2017-12-31 CA$874.49 Million
≈ $632.59 Million		 -5.67%
2016-12-31 CA$927.05 Million
≈ $670.61 Million		 +12.44%
2015-12-31 CA$824.51 Million
≈ $596.44 Million		 +8.16%
2014-12-31 CA$762.29 Million
≈ $551.43 Million		 +14.75%
2013-12-31 CA$664.33 Million
≈ $480.57 Million		 +38.87%
2012-12-31 CA$478.40 Million
≈ $346.07 Million		 +37.06%
2011-12-31 CA$349.04 Million
≈ $252.49 Million		 +126.98%
2010-12-31 CA$153.77 Million
≈ $111.24 Million		 +80.58%
2009-12-31 CA$85.16 Million
≈ $61.60 Million		 +2.65%
2008-12-31 CA$82.96 Million
≈ $60.01 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Secure Energy Services Inc.'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 grown by 10777207500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CA$105.00 Million 13.26%
Common Stock CA$595.00 Million 75.13%
Other Comprehensive Income CA$92.00 Million 11.62%
Total Equity CA$792.00 Million 100.00%

Secure Energy Services Inc. Competitors by Market Cap

The table below lists competitors of Secure Energy Services Inc. ranked by their market capitalization.

Company Market Cap
GEK TERNA Holdings Real Estate Construction S.A
AT:GEKTERNA
 $3.53 Billion
Solaris Energy Infrastructure, Inc.
NYSE:SEI
 $3.53 Billion
Box Inc
NYSE:BOX
 $3.53 Billion
Advance Auto Parts Inc
NYSE:AAP
 $3.53 Billion
Jiangsu Jiejie Microelectronics Co Ltd
SHE:300623
 $3.52 Billion
HARBOUR ENE.SP.ADR LS-50
F:PQQ2
 $3.52 Billion
HBIS Co Ltd
SHE:000709
 $3.52 Billion
Jb Financial
KO:175330
 $3.52 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Secure Energy Services Inc.'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,042,000,000 to 792,000,000, a change of -250,000,000 (-24.0%).
  • Net income of 123,000,000 contributed positively to equity growth.
  • Dividend payments of 89,000,000 reduced retained earnings.
  • Share repurchases of 284,000,000 reduced equity.
  • Other comprehensive income decreased equity by 16,000,000.
  • Other factors increased equity by 16,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$123.00 Million +15.53%
Dividends Paid CA$89.00 Million -11.24%
Share Repurchases CA$284.00 Million -35.86%
Other Comprehensive Income CA$-16.00 Million -2.02%
Other Changes CA$16.00 Million +2.02%
Total Change CA$- -23.99%

Book Value vs Market Value Analysis

This analysis compares Secure Energy Services Inc.'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: 6.42x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 8.03x to 6.42x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-12-31 CA$2.80 CA$22.48 x
2009-12-31 CA$2.04 CA$22.48 x
2010-12-31 CA$2.54 CA$22.48 x
2011-12-31 CA$4.21 CA$22.48 x
2012-12-31 CA$4.81 CA$22.48 x
2013-12-31 CA$6.01 CA$22.48 x
2014-12-31 CA$6.23 CA$22.48 x
2015-12-31 CA$6.18 CA$22.48 x
2016-12-31 CA$6.00 CA$22.48 x
2017-12-31 CA$5.37 CA$22.48 x
2018-12-31 CA$5.10 CA$22.48 x
2019-12-31 CA$4.82 CA$22.48 x
2020-12-31 CA$4.33 CA$22.48 x
2021-12-31 CA$4.72 CA$22.48 x
2022-12-31 CA$4.04 CA$22.48 x
2023-12-31 CA$3.97 CA$22.48 x
2024-12-31 CA$4.29 CA$22.48 x
2025-12-31 CA$3.50 CA$22.48 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Secure Energy Services Inc. 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): 15.53%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.36%
  • • Asset Turnover: 0.58x
  • • Equity Multiplier: 3.19x
  • Recent ROE (15.53%) is above the historical average (3.74%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 -1.84% -20.55% 0.08x 1.18x CA$-9.82 Million
2009 -3.24% -12.32% 0.23x 1.14x CA$-11.27 Million
2010 3.49% 7.35% 0.38x 1.25x CA$-10.01 Million
2011 6.41% 4.06% 0.91x 1.73x CA$-12.52 Million
2012 6.91% 3.21% 1.34x 1.61x CA$-14.79 Million
2013 5.86% 2.61% 1.44x 1.57x CA$-27.47 Million
2014 4.02% 1.35% 1.52x 1.96x CA$-45.58 Million
2015 -19.39% -11.87% 1.02x 1.60x CA$-242.32 Million
2016 -5.28% -3.47% 0.99x 1.54x CA$-141.65 Million
2017 -3.91% -1.47% 1.49x 1.79x CA$-121.65 Million
2018 2.36% 0.68% 1.85x 1.88x CA$-64.50 Million
2019 0.21% 0.05% 1.87x 2.11x CA$-76.37 Million
2020 -12.37% -4.66% 1.33x 2.00x CA$-153.70 Million
2021 -18.35% -5.39% 1.28x 2.66x CA$-313.60 Million
2022 14.53% 2.30% 2.82x 2.24x CA$57.40 Million
2023 16.44% 2.37% 2.90x 2.40x CA$76.40 Million
2024 55.85% 5.45% 4.68x 2.19x CA$477.80 Million
2025 15.53% 8.36% 0.58x 3.19x CA$43.80 Million

Industry Comparison

This section compares Secure Energy Services Inc.'s net assets metrics with peer companies in the Waste Management industry.

Industry Context

  • Industry: Waste Management
  • Average net assets among peers: $334,952,307
  • Average return on equity (ROE) among peers: -85.80%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Secure Energy Services Inc. (SES) CA$792.00 Million -1.84% 2.19x $3.53 Billion
Anaergia Inc (ANRG) $73.59 Million -248.13% 2.79x $368.32 Million
BluMetric Environmental Inc (BLM) $5.24 Million 50.77% 1.77x $37.91 Million
BQE Water Inc (BQE) $12.64 Million 9.19% 0.27x $77.33 Million
Cielo Waste Solutions Corp (CMC) $-5.96 Million 0.00% 0.00x $11.53 Million
Ecolomondo Corp (ECM) $667.82K -273.94% 45.45x $25.43 Million
EverGen Infrastructure Corp (EVGN) $42.00 Million -39.83% 0.85x $7.22 Million
Earthworks Industries Inc (EWK) $935.33K -51.30% 1.18x $2.85 Million
Gfl Environmental Holdings Inc (GFL) $3.19 Billion -15.14% 2.47x $13.11 Billion
Green Impact Partners Inc (GIP) $25.45 Million -9.65% 2.25x $34.93 Million
Northstar Clean Technologies Inc (ROOF) $2.36 Million -279.92% 1.06x $21.31 Million

About Secure Energy Services Inc.

TO:SES Canada Waste Management
Market Cap
$3.53 Billion
CA$4.87 Billion CAD
Market Cap Rank
#4475 Global
#149 in Canada
Share Price
CA$22.48
Change (1 day)
-2.89%
52-Week Range
CA$12.64 - CA$23.31
All Time High
CA$23.31
Categories
Companies in Canada Waste Management
About

SECURE Waste Infrastructure Corp. engages in the waste management and energy infrastructure businesses primarily in Canada and the United States. The company operates through two segments: Waste Management and Energy Infrastructure. The Waste Management segment manages a network of permitted processing, recovery, and disposal infrastructure, optimizing the handling of hazardous and non-hazardous … Read more