Added to YB: 2025-06-05
Pitch date: 2025-06-04
SES.TO [bullish]
SECURE Waste Infrastructure Corp.
Author Info
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Company Info
SECURE Waste Infrastructure Corp. engages in the waste management and energy infrastructure businesses primarily in Canada and the United States.
Market Cap
CAD 3.3B
Pitch Price
N/A
Price Target
N/A
Dividend
2.65%
Sector
Oil, Gas and Consumable Fuels
Category
value
SECURE Waste Infrastructure Corp. - $SES.TO
SES.TO: Waste management leader (70% market share) in Western Canada with high barriers to entry. Trading at 7.5x EBITDA (same multiple as distressed asset sale). $510-540M 2025 EBITDA, $270-300M FCF (11-12.2x). Only 60-65% facility utilization offers operating leverage. Management actively closing valuation gap via 20% YoY buybacks.
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