SES (SESG.PA) Stock Price
SES Price
Over the last 19 years SES grew revenue by 2.6% annually, reaching 2.63 B EUR. Earnings per share have declined at 19.6% per year over the last 15 years. For SES, the net margin of -3.6% is down versus 25.9% a few years ago. At today's price the dividend yield works out to roughly 10.55%. The dividend has grown at 1.2% per year over the past 19 years. The consensus 12-month price target for SES is 8.16 EUR, about 72.2% above where the stock trades today. Of 17 analysts, 11 rate the stock a buy — an overall Buy consensus. The stock trades about 4% above its 52-week low.
SES stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of SES over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how SES stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing SES's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | SES Price |
|---|---|
| 9/4/2026 | 4.74 EUR |
| 9/3/2026 | 4.85 EUR |
| 9/2/2026 | 4.54 EUR |
| 9/1/2026 | 4.63 EUR |
| 8/31/2026 | 4.94 EUR |
| 8/28/2026 | 4.96 EUR |
| 8/27/2026 | 4.86 EUR |
| 8/26/2026 | 4.83 EUR |
| 8/25/2026 | 4.86 EUR |
| 8/24/2026 | 4.90 EUR |
| 8/21/2026 | 4.92 EUR |
| 8/20/2026 | 5.14 EUR |
| 8/19/2026 | 5.23 EUR |
| 8/18/2026 | 5.30 EUR |
| 8/17/2026 | 5.43 EUR |
| 8/14/2026 | 5.43 EUR |
| 8/13/2026 | 5.47 EUR |
| 8/12/2026 | 5.39 EUR |
| 8/11/2026 | 5.40 EUR |
| 8/10/2026 | 5.37 EUR |
| 8/7/2026 | 5.47 EUR |
| 8/6/2026 | 5.43 EUR |
| 8/5/2026 | 5.44 EUR |
| 8/4/2026 | 5.57 EUR |
| 7/31/2026 | 5.76 EUR |
| 7/30/2026 | 5.59 EUR |
| 7/29/2026 | 6.76 EUR |
| 7/28/2026 | 6.91 EUR |
| 7/27/2026 | 7.09 EUR |
| 7/24/2026 | 7.01 EUR |
SES Revenue, EBIT, Net Income
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SES Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB EUR |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB EUR |
| EBITB EUR |
| EBIT MARGIN% |
| NET INCOMEM EUR |
| NET INCOME GROWTH% |
| DIVIDENDDIV.EUR |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e | 2030e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.01 | 2.07 | 2.04 | 1.93 | 1.94 | 1.84 | 1.75 | 1.94 | 2.03 | 2.00 | 2.63 | 3.41 | 3.42 | 3.44 | 3.37 | 3.42 |
| 4.95 | 2.68 | -1.60 | -5.01 | 0.36 | -5.36 | -4.68 | 11.09 | 4.42 | -1.43 | 31.43 | 29.47 | 0.56 | 0.47 | -1.98 | 1.51 |
| 90.86 | 88.83 | 86.54 | 85.20 | 86.13 | 84.15 | 81.77 | 81.94 | 68.18 | 67.47 | 71.18 | 71.18 | 71.18 | 71.18 | 71.18 | 71.18 |
| 1.83 | 1.84 | 1.76 | 1.65 | 1.67 | 1.55 | 1.43 | 1.59 | 1.38 | 1.35 | 1.87 | 2.42 | 2.44 | 2.45 | 2.40 | 2.44 |
| 0.89 | 1.32 | 0.61 | 0.39 | 0.37 | 0.31 | 0.34 | 0.40 | -0.69 | 0.06 | 0.06 | 0.02 | 0.08 | 0.11 | 0.24 | 0.41 |
| 44.39 | 63.59 | 29.98 | 20.23 | 18.81 | 16.67 | 19.26 | 20.42 | -33.79 | 3.20 | 2.13 | 0.47 | 2.31 | 3.26 | 7.24 | 11.95 |
| 544.00 | 962.00 | 596.00 | 292.00 | 296.00 | -95.00 | 453.00 | -35.00 | -905.00 | 15.00 | -95.00 | -138.00 | -67.00 | -29.00 | 71.00 | 184.00 |
| -9.33 | 76.84 | -38.05 | -51.01 | 1.37 | -132.09 | -576.84 | -107.73 | 2,485.71 | -101.66 | -733.33 | 45.26 | -51.45 | -56.72 | -344.83 | 159.15 |
| 1.18 | 1.30 | 1.34 | 0.80 | 0.80 | 0.40 | 0.40 | 0.50 | 0.50 | 1.03 | 0.50 | 0.25 | 0.25 | 0.25 | – | – |
| 10.28 | 10.17 | 3.08 | -40.30 | – | -50.00 | – | 25.00 | – | 106.00 | -51.46 | -50.00 | – | – | – | – |
| 515.40 | 575.19 | 575.19 | 555.38 | 564.44 | 530.77 | 530.77 | 438.18 | 439.07 | 413.11 | 414.45 | 414.45 | 414.45 | 414.45 | 414.45 | 414.45 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales SES generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue SES retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare SES's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares SES has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against SES's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
SES stock margins
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SES Stock Revenue, EBIT, Earnings per Share
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SES business model & stock analysis
SES SWOT Analysis
Strengths
SES SA has a strong global presence with operations in various countries.
The company has a diverse satellite fleet, providing a wide range of solutions to its customers.
SES SA has established relationships with leading broadcasters and telecommunications companies.
Weaknesses
SES SA may be susceptible to regulatory changes and restrictions in the countries it operates in.
The company's profitability may be affected by fluctuations in exchange rates.
SES SA's heavy reliance on the commercial satellite market exposes it to the risks associated with market demand and competition.
Opportunities
The increasing demand for high-speed internet and digital content presents growth opportunities for SES SA.
The expansion of the satellite broadband market offers new revenue streams for the company.
SES SA can leverage its technological expertise to explore emerging markets and industries.
Threats
The emergence of new technologies, such as low Earth orbit (LEO) satellites, may pose a threat to SES SA's traditional geostationary satellite business.
Competition from other satellite operators and alternative communication technologies could impact SES SA's market share.
Changes in consumer behavior and preferences may affect the demand for SES SA's services.
SES Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
SES historical P/E ratio, EBIT multiple, and P/S ratio
SES annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
SES shares outstanding
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SES Dividend History
23 years of dividend payments
SES dividend history and estimates
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SES dividend payout ratio
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Current SES forecasts and price targets in September 2026
Analyst Price Targets 2026SES Analyst Rating Actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| 9/28/2021 | Upgrade | HoldBuy |
SES Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 2/26/2024 | 0.03EUR | - | 517.14 MEUR | - | 2023 Q4 |
EESG©
Eulerpool ESG Scorecard© for the SES stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
SES shareholder structure
| % | Name |
|---|---|
5.80518% | |
2.83612% | |
2.71584% | |
2.60761% | |
1.84125% | |
1.83871% |
SES Beneficial Ownership Filings (SEC 13D/G)
SES Executives and Management Board
21 members · avg. age 60 · 29 % women
Mr. Adel Al-Saleh (61)
Chief Executive Officer, Member of the Executive Committee
5.22 M EUR
Management
Mr. John-Paul Hemingway
Chief Commercial Officer, Member of the Executive Committee
Mr. Thai Rubin
Member of the Executive Committee, Chief Legal Officer
Dr. Xavier Bertran
Chief Product & Innovation Officer, Member of the Executive Committee
Mrs. Anne-Catherine Ries (51)
Non-Executive Vice Chairperson of the Board
Ms. Elisabeth Pataki
Chief Financial Officer
Ms. Veronika Ivanovic
Chief People Officer, Member of the Executive Committee
Board of Directors
Mr. Ramu Potarazu (63)
Non-Executive Independent Director
Dr. Frank Esser (67)
Non-Executive Independent Chairman of the Board
Mr. Peter van Bommel (68)
Non-Executive Independent Vice Chairman of the Board
Ms. Francoise Thoma (55)
Non-Executive Director
Mrs. Katrin Wehr-Seiter (55)
Non-Executive Independent Director
Mr. Jacques Thill
Non-Executive Director
Frequently asked questions about SES
SES SA is a global satellite communications company that provides connectivity services through its extensive fleet of satellites. Its business model revolves around offering data, video, and voice solutions to customers in various sectors, including broadcasters, governments, and telecommunications providers. SES SA enables a broad range of applications such as maritime and aero connectivity, digital broadcasting, and broadband internet access. By leveraging its satellite infrastructure and expertise, SES SA delivers reliable and efficient communication services worldwide.
SES SA is primarily active in the satellite communication and media industries.
The main competitors of SES SA in the market include Eutelsat Communications SA and Intelsat SA.
SES SA, also known as SES, is a leading satellite operator specializing in global content distribution and connectivity solutions. Founded in 1985, SES has a rich history and an extensive background in the telecommunications industry. The company is headquartered in Luxembourg and operates a vast fleet of satellites, providing reliable and innovative services to broadcasters, telecommunications providers, and governments worldwide. Serving as a vital link between people and information, SES enables seamless communication, digital inclusion, and access to entertainment, even in remote areas. With a strong focus on technological advancements and expanding their global reach, SES continues to play a crucial role in transforming industries and connecting people globally.
SES SA, a leading global satellite operator, has achieved several significant milestones. One notable achievement is the successful launch and operation of the world's first geostationary satellite, SES-1, in April 1984. In 1998, the company established its international presence by acquiring strategic stakes in satellite operators Astra and NSAB. In 2011, SES SA reached another milestone with the launch of SES-2, enhancing its capacity and coverage. Furthermore, in 2016, SES SA successfully launched SES-10, the first satellite to be launched on a flight-proven Falcon 9 rocket from SpaceX. These achievements showcase SES SA's pioneering role in the satellite industry and its commitment to technological advancements.
SES SA is primarily present in various countries and regions around the world. With a global footprint, the company operates in Europe, the Americas, Africa, and the Asia-Pacific region. Its extensive presence enables SES SA to provide reliable satellite communication services to customers worldwide.
SES SA is a multinational satellite operator that values innovation, reliability, and customer-centricity. SES SA's corporate philosophy revolves around delivering essential connectivity solutions globally, ensuring seamless communication and internet services. By leveraging advanced satellite systems and technologies, SES SA aims to bridge the digital divide, enabling businesses and individuals to stay connected, regardless of their location. With a commitment to sustainable practices and social responsibility, SES SA strives to support the global community and enhance lives through enhanced connectivity. As a reputed satellite operator, SES SA offers exceptional services and cutting-edge solutions to meet the evolving demands of businesses and consumers worldwide.
Analysts currently set an average price target of 7.64 EUR for the SES stock (median: 8.16 EUR), implying +61.0 % versus the latest price. The consensus is based on 17 analyst ratings.
17 analysts currently rate the SES stock: 11 recommend buying, 5 holding and 1 selling. For 2026, analysts expect SES to generate revenue of 3.41 B EUR and earnings per share of -0.34 EUR.
The SES share (SESG.PA) is listed on 8 stock exchanges, including: Frankfurt (SES.F), München (SES.MU), Düsseldorf (SES.DU), London (0M6P.L), SIX (Zürich) (SES.SW), Paris (SESG.PA).
SES SA is a global satellite communication company headquartered in Luxembourg. It offers various services in the field of satellite communication for governments, businesses, and consumers. The company is divided into different business segments that offer different products and services for various customers. The company operates a fleet of over 70 satellites that cover the entire globe and offer services such as TV and radio broadcast, data communication, mobile communication, and navigation. SES SA also provides management and consulting services to help customers understand and meet their communication needs. The company aims to introduce and utilize the latest technologies and innovations in satellite communication to provide the best possible service to its customers. SES SA has become one of the leading providers of satellite communication and is expected to continue playing a major role in the industry in the future.
The expected revenue of SES is 3.41 B EUR. This figure is based on current financial data and reflects the company's business performance.
The expected profit of SES is -138.95 M EUR. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of SES is currently -14.14. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the SES stock.
The price-to-sales ratio (P/S) of SES is currently 0.58. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the SES stock.
The Eulerpool Quality Score for SES is 1/10.
The ISIN of SES is LU0088087324. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of SES is 914993. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of SES is SESG.PA. The ticker symbol is used to trade SES shares on the stock exchange.
Over the past 12 months, SES paid a dividend of 0.50 EUR . This corresponds to a dividend yield of about 10.55 %. For the coming 12 months, SES is expected to pay a dividend of 0.25 EUR.
The current dividend yield of SES is 10.55 %.
SES pays a dividend, distributed in the months of , , , .
SES paid dividends every year for the past 22 years.
For the upcoming 12 months, dividends amounting to 0.25 EUR are expected. This corresponds to a dividend yield of 5.27 %.
SES is assigned to the 'Communication' sector.
In the year 2025, SES distributed 1.03 EUR as dividends.
The dividends of SES are distributed in EUR.
SES stock
SES Peer Group
SES Ticker
SES FIGI
All fundamentals and in-depth analysis of SES
Our stock analysis for SES stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of SES. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.