Q: Your opinion, buy, sell, hold 3-5 year. coments please.
5i Research Answer:
SES operates in the waste management and energy infrastructure business. In the last five years, SES managed to grow its topline by double digits on average, driven mostly by organic growth. The company generates solid cash flow and has started to return the capital at a more aggressive pace recently. It is trading at 19.9x Forward P/E, with a strong balance sheet (net debt/EBITDA of only 1.0x). We think SES is an interesting name to follow and we feel investors can average into the position over time.