SES

SES CapEx/OCF

The CapEx to Operating Cash Flow Ratio of SES (SESG.PA) as of Oct 23, 2026 is 69.51 %. In the previous year, CapEx to Operating Cash Flow Ratio was 30.12 % — a change of 130.77% (higher).

CapEx/OCF

69.51 %

YoY

130.77%

Last updated:

CapEx to Operating Cash Flow Ratio of SES is 2025 69.51 % . CapEx to Operating Cash Flow Ratio of SES was 2024 30.12 % . It decreases by 130.77% higher compared to the previous year.

The SES CapEx/OCF history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

CapEx/OCF
Date
CapEx/OCF
Jan 1, 2018
27.55 EUR
Jan 1, 2019
26.92 EUR
Jan 1, 2020
20.02 EUR
Jan 1, 2021
21.64 EUR
Jan 1, 2022
91.73 EUR
Jan 1, 2023
11.86 EUR
Jan 1, 2024
30.12 EUR
Jan 1, 2025
69.51 EUR
The SES CapEx/OCF history
YEARCapEx/OCFYoY
69.51 %+130.77%
30.12 %+153.97%
11.86 %-87.07%
91.73 %+323.94%
21.64 %+8.09%
20.02 %-25.64%
26.92 %-2.29%
27.55 %-28.37%
38.46 %-20.97%
48.66 %+24.12%
39.20 %+7.01%
36.64 %—

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SES Stock analysis

What does SES do? SES SA is a globally operating company active in the field of satellite communications. The company was founded in 1985 and has its headquarters in Luxembourg. SES has become one of the leading providers of satellite communications worldwide over the years and now operates a network of more than 70 satellites. The company offers satellite services for various industries, including broadcasting and telecommunications, governments, aviation and maritime companies, as well as energy supply and mining companies. SES is divided into three different divisions: SES Video, SES Networks, and SES Government Solutions. SES Video offers television and multimedia services, primarily in Europe and North America. SES Networks provides IoT solutions, network services, and cloud infrastructure worldwide. SES Government Solutions specializes in government contracts and offers satellite services to governments worldwide. SES offers a variety of products to its customers, including satellite transmissions, satellite television, wireless internet connections, voice and data services, and telecommunications equipment. The company has also expanded its presence in the market for digital terrestrial television in recent years and now operates several terrestrial broadcasters in Europe. SES Networks offers particularly innovative services, such as the satellite telephony system SATMED, which is used in remote areas and crisis regions, or the Internet of Things (IoT) network M2M with satellite solutions specifically tailored to M2M applications. In the analyzed year 2019, SES achieved a revenue of 2.4 billion euros and employed around 2,200 people worldwide. CEO Steve Collar emphasizes that SES is a company with a strong focus on innovation and high service quality. SES will continue to be an important player in the global market for satellite communications. SES is one of the most popular companies on Eulerpool.

Frequently Asked Questions about SES stock

CapEx to Operating Cash Flow Ratio of SES is 69.51 % in 2025.

CapEx to Operating Cash Flow Ratio of SES changed from 30.12 % to 69.51 %, representing a 130.77% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of CapEx to Operating Cash Flow Ratio SES since 2006 – with annual values, charts, and detailed analysis.

The CapEx/OCF ratio shows what percentage of operating cash flow is reinvested in capital assets. Lower ratios indicate more free cash available for shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare CapEx to Operating Cash Flow Ratio's SES with sector peers and the industry average to assess whether it is attractive.

To evaluate CapEx to Operating Cash Flow Ratio's, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for CapEx to Operating Cash Flow Ratio.

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Cash Flow — SES

All Key Metrics — SES