Seche Environnement (SECVY)
OTHER OTC:SECVY
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Seche Environnement
(OTC:SECVY)
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Rating:55Neutral
Price Target:
$19.50
▲(8.94% Upside)
Action:DowngradedDate:03/14/26
The score is held back primarily by weakening recent financial performance (revenue decline, thinner net margins, weaker ROE) and high leverage, despite stable operating cash flow. Technicals are supportive but somewhat stretched, valuation looks demanding at ~28x earnings with only a modest yield, and the latest earnings call was a relative positive due to strong H1 results and refinancing/contract wins tempered by margin headwinds and execution risks.
Positive Factors
Stable operating cash flow & resilient EBITDA margins
Consistent operating cash generation and steady EBITDA margins (~16%-19%) provide durable internal funding for maintenance, contracted operations and modest investments. Over the next 2–6 months this cash resilience cushions earnings volatility, funds working capital and supports contract performance without immediate external financing.
Negative Factors
Elevated leverage and constrained balance sheet flexibility
Persistently high leverage limits strategic flexibility, increases vulnerability to interest-rate or cash-flow shocks, and constrains capacity for large organic investment or acquisitions. Even with some equity expansion, the capital structure remains a medium-term constraint on growth and increases refinancing sensitivity.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable operating cash flow & resilient EBITDA margins
Consistent operating cash generation and steady EBITDA margins (~16%-19%) provide durable internal funding for maintenance, contracted operations and modest investments. Over the next 2–6 months this cash resilience cushions earnings volatility, funds working capital and supports contract performance without immediate external financing.
Read all positive factors
Seche Environnement (SECVY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$735.30M
Dividend Yield1.99%
Average Volume (3M)0.00
Price to Earnings (P/E)28.0
Beta (1Y)0.50
Revenue Growth15.40%
EPS Growth33.70%
CountryUS
Employees7,238
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)0.17
Shares Outstanding39,288,660
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)0.87
Price to Sales (P/S)0.48
P/FCF Ratio7.26
Enterprise Value/Market Cap1.61
Enterprise Value/Revenue0.95
Enterprise Value/Gross Profit3.25
Enterprise Value/Ebitda6.04
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Seche Environnement Business Overview & Revenue Model
Company Description
Séché Environnement SA engages in the recovery and treatment of waste products for industrial and corporate customers, and local authorities in France and internationally. The company provides industrial cleaning, site decontamination, marine deco...
How the Company Makes Money
Séché Environnement makes money primarily by charging customers for environmental services delivered under contracts and service agreements. Key revenue streams include: (1) Waste treatment and recovery fees: revenues generated from accepting haza...
Seche Environnement Earnings Call Summary
Earnings Call Date:Sep 10, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 14, 2026
Earnings Call Sentiment Neutral
The earnings call presented strong financial results with dynamic revenue growth and successful refinancing efforts, bolstered by significant contract wins and the integration of ECO. However, the company faced challenges with declining energy prices, chemical sector uncertainties, and delays in key projects which impacted the overall growth outlook.Positive Updates
Dynamic Revenue Growth
The company reported a contributed revenue of EUR 580.1 million, up organically by over 7.5%, demonstrating dynamic growth in both France and internationally.
Negative Updates
Impact of Declining Energy Prices
The reduction in energy sale prices negatively impacted EBITDA by approximately EUR 15 million and is expected to continue affecting margins.
Read all updates
Q2-2025 Updates
Positive
Negative
Dynamic Revenue Growth
The company reported a contributed revenue of EUR 580.1 million, up organically by over 7.5%, demonstrating dynamic growth in both France and internationally.
Read all positive updates
Company Guidance
During the Séché Environnement call, the company provided guidance for the remainder of 2025, highlighting several key metrics from their H1 performance. The group reported a contributed revenue of EUR 580.1 million, reflecting an organic growth of over 7.5%, and an EBITDA of EUR 118.2 million, with a margin increase to 20.4% from 17.5% the previous year. The net income group share doubled from the same period last year, and the operating cash flow reached EUR 63 million. The company successfully reduced its net financial debt to EUR 813.7 million, achieving a financial leverage of 2.9x EBITDA. Looking ahead, Séché Environnement confirmed its revenue target of EUR 1.280 billion for 2025 but anticipated a limited increase in EBITDA margins due to declining energy prices impacting the circular economy segment. Despite this, the company remains committed to maintaining a financial leverage below 3x, excluding acquisitions, and emphasized its continued focus on cash flow generation and solid financial structure.Seche Environnement Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
59
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.21B | 1.19B | 1.09B | 972.68M | 790.12M |
| Gross Profit | 165.93M | 1.04B | 631.16M | 561.06M | 462.87M |
| EBITDA | 211.06M | 211.03M | 177.61M | 164.35M | 138.09M |
| Net Income | 20.63M | 35.50M | 47.83M | 44.61M | 28.38M |
Balance Sheet | |||||
| Total Assets | 2.61B | 2.12B | 1.59B | 1.40B | 1.22B |
| Cash, Cash Equivalents and Short-Term Investments | 705.82M | 169.75M | 162.47M | 126.17M | 172.20M |
| Total Debt | 1.25B | 1.02B | 781.85M | 739.01M | 671.76M |
| Total Liabilities | 1.73B | 1.53B | 1.24B | 1.09B | 949.92M |
| Stockholders Equity | 665.51M | 363.75M | 338.34M | 310.10M | 269.47M |
Cash Flow | |||||
| Free Cash Flow | 79.48M | 116.47M | 95.49M | 48.26M | 52.70M |
| Operating Cash Flow | 184.96M | 201.20M | 187.31M | 148.12M | 142.27M |
| Investing Cash Flow | -118.55M | -304.35M | -168.73M | -189.48M | -117.61M |
| Financing Cash Flow | 452.32M | 106.20M | 18.76M | -5.20M | 46.96M |
Seche Environnement Technical Analysis
Positive
17.90
Price Trends
16.44
Positive
16.44
Positive
18.59
Positive
Market Momentum
0.70
Negative
70.82
Negative
100.01
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SECVY, the sentiment is Positive. The current price of 17.9 is above the 20-day moving average (MA) of 17.57, above the 50-day MA of 16.44, and below the 200-day MA of 18.59, indicating a bullish trend. The MACD of 0.70 indicates Negative momentum. The RSI at 70.82 is Negative, neither overbought nor oversold. The STOCH value of 100.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SECVY.
Seche Environnement Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $15.71B | 31.90 | 14.47% | ― | 2.85% | -6.27% | |
74 Outperform | $820.00M | -1,034.44 | -0.17% | ― | 22.77% | 44.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | $735.30M | 27.99 | 12.08% | 1.99% | 15.40% | 33.70% | |
54 Neutral | $5.54B | 789.67 | 0.50% | ― | 20.54% | 106.35% | |
45 Neutral | $1.62B | -8.63 | -48.78% | ― | -2.91% | -67.18% |
* Industrials Sector Average
SECVY
Seche Environnement
18.92
3.40
21.91%
CWST
Casella Waste
87.18
-16.85
-16.20%
CLH
Clean Harbors
297.00
110.64
59.37%
NVRI
Enviri
19.90
14.65
279.05%
MEG
Montrose Environmental Group
22.79
11.11
95.12%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.