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Secure Energy Services Inc.

Industrials CA SES

21.52CAD
0.53(2.52%)

Last update at 2026-06-04T20:00:00Z

Day Range

20.9121.55
LowHigh

52 Week Range

12.3323.90
LowHigh

Fundamentals

  • Previous Close 20.99
  • Market Cap4976.42M
  • Volume393952
  • P/E Ratio42.31
  • Dividend Yield1.76%
  • EBITDA451.00M
  • Revenue TTM1472.00M
  • Revenue Per Share TTM6.59
  • Gross Profit TTM 421.00M
  • Diluted EPS TTM0.54

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 164.00M 713.00M 257.00M 252.00M -273.00000M
Minority interest - - - 0.00000M 1.00M
Net income 123.00M 582.00M 195.00M 184.00M -204.00000M
Selling general administrative 126.00M 141.00M 61.00M 119.00M 92.00M
Selling and marketing expenses - - 75.00M - -
Gross profit 404.00M 405.00M 491.00M 493.00M -60.00000M
Reconciled depreciation 188.00M 173.00M 203.00M 178.00M 173.00M
Ebit 278.00M 760.00M 341.00M 324.00M -210.00000M
Ebitda 475.00M 941.00M 556.00M 551.00M -7.00000M
Depreciation and amortization 197.00M 181.00M 215.00M 227.00M 203.00M
Non operating income net other - - - - -
Operating income 278.00M 264.00M 355.00M 324.00M -210.00000M
Other operating expenses 1194.00M 10408.00M 7889.00M 7651.00M 3940.00M
Interest expense 60.00M 47.00M 84.00M 84.00M 50.00M
Tax provision 41.00M 131.00M 62.00M 68.00M -69.00000M
Interest income 60.00M 47.00M 76.00M 97.00M 62.00M
Net interest income -62.00000M -47.00000M -84.00000M -87.00000M -53.00000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 41.00M 131.00M 62.00M 68.00M -69.00000M
Total revenue 1472.00M 10672.00M 8244.00M 8002.00M 3766.00M
Total operating expenses 126.00M 141.00M 136.00M 142.00M 114.00M
Cost of revenue 1068.00M 10267.00M 7753.00M 7509.00M 3826.00M
Total other income expense net -114.00000M 449.00M -98.00000M -72.00000M -63.00000M
Discontinued operations - - - - -
Net income from continuing ops 123.00M 582.00M 195.00M 184.00M -204.00000M
Net income applicable to common shares 123.00M 582.00M 195.00M 184.00M -203.00000M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 2528.00M 2281.00M 2844.00M 2840.00M 2937.00M
Intangible assets 110.00M 87.00M 68.00M 163.00M 180.00M
Earning assets - - - - -
Other current assets 13.00M 15.00M 14.00M 15.00M 11.00M
Total liab 1736.00M 1239.00M 1658.00M 1574.00M 1831.00M
Total stockholder equity 792.00M 1042.00M 1186.00M 1266.00M 1106.00M
Deferred long term liab - - - - -
Other current liab 56.00M 3.00M 53.00M 27.00M 27.00M
Common stock 595.00M - 1517.00M 1676.00M 1670.00M
Capital stock 595.00M 863.00M 1517.00M 1676.00M 1670.00M
Retained earnings 105.00M 71.00M -412.00000M -490.00000M -636.00000M
Other liab - - - 112.00M 209.00M
Good will 218.00M 204.00M 199.00M 351.00M 349.00M
Other assets 39.00M - -1.00000M 166.00M 225.00M
Cash 22.00M 26.00M 12.00M 12.00M 10.00M
Cash and equivalents - - - - -
Total current liabilities 530.00M 681.00M 472.00M 459.00M 333.00M
Current deferred revenue - - 18.00M - -
Net debt 1127.00M 313.00M 1090.00M 1019.00M 1306.00M
Short term debt 32.00M - 27.00M 28.00M 27.00M
Short long term debt - - - - -
Short long term debt total 1149.00M - 1102.00M 1031.00M 1316.00M
Other stockholder equity 29.00M - 54.00M 50.00M 48.00M
Property plant equipment 1518.00M - - 1584.00M 1717.00M
Total current assets 643.00M 688.00M 1190.00M 576.00M 466.00M
Long term investments - - - - -
Net tangible assets - - - 752.00M 577.00M
Short term investments - - - - -
Net receivables 452.00M 504.00M 357.00M 449.00M 345.00M
Long term debt 859.00M 339.00M 966.00M 919.00M 1207.00M
Inventory 156.00M 143.00M 144.00M 100.00M 100.00M
Accounts payable 442.00M 553.00M 374.00M 404.00M 279.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 92.00M - 27.00M 30.00M 24.00M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 39.00M 41.00M 27.00M 16.00M 8.00M
Deferred long term asset charges - - - - -
Non current assets total 1885.00M 1593.00M 1655.00M 2264.00M 2471.00M
Capital lease obligations 161.00M 115.00M 136.00M 112.00M 109.00M
Long term debt total 988.00M - - 1003.00M 1289.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - 954.00M -155.00000M -58.00000M -43.00000M
Change to liabilities - - - 0.00000M 0.00000M
Total cashflows from investing activities -365.00000M 954.00M -155.00000M -58.00000M -43.00000M
Net borrowings 498.00M -671.00000M 23.00M -331.00000M 5.00M
Total cash from financing activities 90.00M -1435.00000M -272.00000M -346.00000M -26.00000M
Change to operating activities - - - 8.00M -102.00000M
Net income 123.00M 582.00M 195.00M 184.00M -204.00000M
Change in cash -4.00000M 14.00M 0.00000M 2.00M 3.00M
Begin period cash flow 26.00M 12.00M 12.00M 10.00M 7.00M
End period cash flow 22.00M 26.00M 12.00M 12.00M 10.00M
Total cash from operating activities 273.00M 497.00M 430.00M 411.00M 74.00M
Issuance of capital stock - - - - -
Depreciation 197.00M 181.00M 215.00M 178.00M 173.00M
Other cashflows from investing activities 14.00M -17.00000M 48.00M 38.00M -18.00000M
Dividends paid 89.00M -104.00000M -117.00000M 38.00M 7.00M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -284.00000M -657.00000M -163.00000M -6.00000M 0.00000M
Other cashflows from financing activities -55.00000M -22.00000M -36.00000M 29.00M 261.00M
Change to netincome - - - 28.00M 196.00M
Capital expenditures 225.00M 134.00M 203.00M 96.00M 43.00M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -105.00000M 86.00M -44.00000M 8.00M -102.00000M
Stock based compensation 30.00M 34.00M 26.00M 19.00M 13.00M
Other non cash items 58.00M -455.00000M 4.00M -46.00000M 263.00M
Free cash flow 48.00M 363.00M 227.00M 315.00M 31.00M

Peer Comparison

Sector: Industrials Industry: Waste Management

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SES
Secure Energy Services Inc.
0.53 2.52% 21.52 42.31 26.18 3.38 6.23 4.03 14.40
WAST
Waste Management CDR (CAD Hedged)
0.20 0.97% 20.74 33.17 26.81 3.55 8.92 4.47 15.65
WCN
Waste Connections Inc
4.45 2.12% 214.07 37.73 21.05 5.83 4.87 5.21 16.53
GFL
Gfl Environmental Holdings Inc
1.53 3.17% 49.77 96.27 43.10 2.95 2.66 4.13 13.68
ANRG
Anaergia Inc
0.08 2.87% 2.87 76.50 51.02 2.91 1.32 3.08 -97.1344

Reports Covered

Stock Research & News

Profile

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 liquids, solids, emulsions, and industrial by-products, enabling recycling of metals and recovered oil, and offering compliant long-term solutions for residual waste; specialty chemical solutions are used to enhance processing efficiency and reduce waste intensity; metal recycling, drilling waste management, water disposal, and landfill disposal; and integrated network includes waste transfer stations, waste processing facilities, produced water pipelines, metals recycling, industrial landfills, generating highly recurring, infrastructure-driven cash flows supported by significant regulatory and capital barriers to entry. The Energy Infrastructure segment consists of crude oil terminals, storage facilities, and pipeline-connected infrastructure that optimize, store, and move crude oil and natural gas liquids to market, including value-added crude oil and NGL marketing and optimization activities such as buying, selling, blending, and storage. This segment also provides collection, processing, recovery, recycling and disposal of waste streams generated by its energy and industrial customers and the gathering, optimization, terminalling and storage of crude oil and natural gas liquids. The company was formerly known as Secure Energy Services Inc. and changed its name to SECURE Waste Infrastructure Corp. in January 2025. SECURE Waste Infrastructure Corp. was founded in 2007 and is headquartered in Calgary, Canada.

Secure Energy Services Inc.

Brookfield Place, Calgary, AB, Canada, T2P 1N2

Key Executives

Name Title Year Born
Mr. Rene E. Amirault CGA Pres, CEO & Director 1961
Mr. Allen Peter Gransch Pres NA
Mr. Chad William Magus CA Chief Financial Officer NA
Mr. Corey Ray Higham P.Geo. Chief Operating Officer NA
Mr. David Glenn Engel Sr. VP of Landfill Solutions NA
Anil Aggarwala VP of Treasury & Investor Relations NA
Mr. Michael Callihoo Corp. Sec. & Gen. Counsel NA
Mr. Michael Parnetta VP of People & Culture NA
Mr. David William Mattinson P. Eng. Sr. VP of Environmental Solutions NA
Mr. Mike Mikuska Sr. VP of Commercial & Transportation 1969

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