SES Valuation Multiples

SES Overview

About SES

SES SA is a communications satellite owner and operator and functions in the television broadcasting space. It operates in one operating segment, namely the provision of satellite-based data transmission capacity, and ancillary services, to customers around the world. The largest video division delivers television and radio satellite signals to homes through various media providers such as Comcast, Viacom, M7, and QVC. The mobility revenue is derived by offering high-bandwidth Internet connections to maritime users, and SES SA's government division offers secure communication links to international institutions and governments. Fixed Data works to bring satellite networks and connectivity to remote areas.

Founded

2001

HQ

Employees

2.1K

Website

ses.com

Sectors

Satellite CommunicationsTelecom Service ProvidersSpaceTech

Financials (LTM)

Revenue: $3B

EBITDA: $1B

EV

$7B

Valuation Multiples

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SES Financials

SES reported last 12-month revenue of $3B and EBITDA of $1B.

In the same LTM period, SES generated $1B in EBITDA and had net loss of ($86M).

SES P&L

In the most recent fiscal year, SES reported revenue of $2B and EBITDA of $1B.

SES expects next 12-month revenue of XXX and NTM EBITDA of XXX

SES Stock Performance

SES has current market cap of $6B, and enterprise value of $7B.

SES's stock price is $14.76.

SES Valuation Multiples

SES trades at 2.3x EV/Revenue multiple, and 5.1x EV/EBITDA.

SES Financial Valuation Multiples

As of March 7, 2026, SES has market cap of $6B and EV of $7B.

Equity research analysts estimate SES's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

SES has a P/E ratio of (70.9x).

SES Margins & Growth Rates

SES's revenue in the last 12 month grew by 25%.

SES's revenue per employee in the last FY averaged $1.5M.

SES's rule of 40 is 70% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

SES's rule of X is 107% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

SES Public Comps

See public comps and valuation multiples for other Satellite Communications and Telecom Service Providers comps.

SES M&A Activity

SES acquired XXX companies to date.

Last acquisition by SES was on XXXXXXXX, XXXXX. SES acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

SES Investment Activity

SES invested in XXX companies to date.

SES made its latest investment on XXXXXXXX, XXXXX. SES invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).