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StockVS

TSX · Waste Management · CAD

SECURE Waste Infrastructure Corp. (SES.TO) Stock Analysis

SECURE Waste Infrastructure Corp. (SES.TO) is a Waste Management stock listed on TSX and quoted in Canadian Dollar.

SES.TO

CA$24.62

CA$0.00 (0.00%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SES.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$24.62
Previous Close
CA$24.62
52-Week Range
15.44–25.07
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.73
Valuation
Market Cap
CA$5.37B
P/E Ratio
41.73
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
23.45
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
3.32
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.48
EPS (ttm)Profit attributable to each share over the last twelve months.
0.59
Financials (FY)
Profit marginThe share of revenue left as profit after all costs and taxes.
8.55%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
218.03M
1-Year Return
+52.84%
Dividend and dates
Dividend
CA$0.42+1.71%
Ex-Dividend Date
June 30, 2026
Earnings Date
October 29, 2026estimated
Avg Volume
708.02K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

SES.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+43.93%
2025+8.76%
2024+77.98%
2023+41.96%
2022+36.20%
2021+115.40%
2020−48.80%
2019−24.54%
2018−17.13%
2017−23.06%
2016 (partial year)+34.39%

As of September 4, 2026.

SES.TO Dividend History

CA$0.40+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$0.212—
2025CA$0.404+0.0%
2024CA$0.404+0.0%
2023CA$0.404+222.6%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.212—
2025CA$0.404+0.0%
2024CA$0.404+0.0%
2023CA$0.404+222.6%
2022CA$0.124+287.5%
2021CA$0.034−64.8%
2020CA$0.097−67.0%
2019CA$0.2812+0.0%
2018CA$0.2812+10.4%
2017CA$0.2512+212.5%
2016CA$0.084—

Most recent payment: CA$0.11 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

SES.TO Valuation vs Waste Management Median

Median of 23 stocks
MetricSES.TOWaste Management medianvs median
P/E41.7331.4133% above
P/S ratio3.482.0966% above
Profit margin8.55%0.00%8.6 pts above

Medians across 23 Waste Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

SECURE Waste Infrastructure Corp. (SES.TO) carries a market capitalisation of CA$5.37B. The company sits in the Industrials sector, in the Waste Management industry. Headcount on file is 1,937.

The most recent close on file for SES.TO is CA$24.62, dated September 4, 2026. The close was unchanged from the previous session. Over the past 52 weeks the price has ranged from CA$15.44 to CA$25.07. The latest close sits 59.46% above that 52-week low.

Financial Health

Trailing twelve-month revenue on file is CA$1.54B. The reported profit margin is 8.56%. That is 8.6 percentage points above the Waste Management median of 0%. Earnings per share on a trailing basis come to 0.59.

Valuation Assessment

On trailing earnings, the shares are priced at 41.73 times earnings. That is 32.83% above the Waste Management median of 31.42. The forward P/E on file is 23.45. The PEG ratio, which sets the P/E against expected earnings growth, reads 3.32. The price-to-sales ratio is 3.48. On price-to-sales that is 66.22% above the Waste Management median of 2.09. The medians here are taken across 23 Waste Management companies that report the metric.

The trailing one-year price return is +52.84%. Measured over 10 years, that is +14.30% a year compounded. The reported beta is 0.73. Annualized volatility over the trailing 10 years is 51.59%.

Growth & Income

Shareholders receive a dividend, yielding 1.71% on the latest price. That is 0.5 percentage points above the Waste Management median yield of 1.19%. The indicated annual rate is CA$0.42 a share. The ex-dividend date on file is June 30, 2026. Dividends are recorded for 11 calendar years; 2026 shows 2 payments totalling CA$0.21 a share. The year before, 2025, totalled CA$0.40 a share.

2026 is still running; the price is +43.93% year to date. The strongest complete calendar year on file is 2021 at +115.40%; the weakest is 2020 at −48.80%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

SECURE Waste Infrastructure Corp. (SES.TO) operates in the Waste Management industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
SECURE Waste Infrastructure Corp. SES.TO CA$5.37B 41.7
Waste Management, Inc. WM CA$87.53B 31.0
Republic Services, Inc. RSG CA$68.20B 31.9
Waste Connections, Inc. WCN CA$41.48B 39.8

The Waste Management industry average P/E ratio is 31.4x. SECURE Waste Infrastructure Corp. trades at a P/E of 41.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About SECURE Waste Infrastructure Corp.

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. SECURE Waste Infrastructure Corp. was formerly known as Secure Energy Services Inc. and changed its name to SECURE Waste Infrastructure Corp. in January 2025. The company was founded in 2007 and is based in Calgary, Canada. As of September 1, 2026, SECURE Waste Infrastructure Corp. operates as a subsidiary of GFL Environmental Inc.

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