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SECURE Waste Infrastructure Corp. (SES.TO)

CAD23.33 +0.03 (+0.13%)
CA TSX Industrials Waste Management
Address Brookfield Place T2P 1N2
Calgary, AB, CA
CEO Allen Peter Gransch
Website secure.ca
IPO 2010-04-12
ISIN CA8139211038

Explore sections of this company profile

Also trades on Other OTC · SECYF (USD) Toronto Stock Exchange · SES.TO (CAD)
Description

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. The company was formerly known as Secure Energy Services Inc. and changed its name to SECURE Waste Infrastructure Corp. in January 2025. SECURE Waste Infrastructure Corp. was founded in 2007 and is headquartered in Calgary, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD23.33 +0.03 (+0.13%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.72
Float Shares
212.91M
Free Float %
97.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.41% +1.88% +1.73% +17.46% +23.05% +25.83% +60.96% +252.76% +410.09% +159.00% +600.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
23.33
DCF (Unlevered) 6.95 -70.2%
DCF (Levered) 1.86 -92.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 -3
Buy 0 -1
Hold 7 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.56
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Waste Management: +4.3%
    -86.2% Q1'26: -85.8% (vs Q1'25)
  • EPS growth Waste Management: +10.8%
    -76.0% Q1'26: +0.0% (vs Q1'25)
  • FCF margin FCF growth · Waste Management: +46.5%
    +4.9% Q1'26: -7.6% (vs Q1'25)
  • EBIT margin Waste Management: +13.2%
    +18.9% Q1'26: +14.9% (vs Q1'25)
  • ROIC Waste Management: +6.2%
    +10.9% Q1'26: +9.3% (vs Q1'25)
  • Share dilution Waste Management: +0.0%
    -6.9% Q1'26: -9.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Waste Management: 1.12×
    2.42× Q1'26: 2.65× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.75) × ERP
WACC = 81% × Ke + 19% × Kd (5.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 6.95 Current price: 23.33
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
4 EPS Ana.
Dec 2027
6 Rev. Ana.
4 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
72.99M
est: 62.31M (+17.1%)
551.20M
est: 504.52M (+9.3%)
1.03B
est: 940.25M (+9.5%)
1.49B
est: 1.56B (-4.4%)
2.27B
est: 2.27B (0.0%)
1.35B
est: 1.39B (-3.2%)
1.41B
est: 1.27B (+11.1%)
2.33B
est: 2.28B (+2.2%)
2.93B
est: 3.03B (-3.2%)
3.08B
est: 3.01B (+2.4%)
1.82B
est: 1.84B (-0.6%)
3.77B
est: 880.90M (+327.5%)
8.00B
est: 1.54B (+419.4%)
8.24B
est: 9.96B (-17.2%)
10.67B
est: 1.43B (+648.0%)
1.47B
est: 1.49B (-1.1%)
1.53B
1.49B – 1.56B
+3.0% YoY
1.63B
1.54B – 1.75B
+6.0% YoY
1.66B
1.59B – 1.74B
+2.0% YoY
2.41B
2.31B – 2.53B
+45.4% YoY
EBITDA
22.98M
est: 3.04M (+656.4%)
59.09M
est: 182.82M (-67.7%)
93.94M
est: 106.41M (-11.7%)
129.96M
est: 147.02M (-11.6%)
161.48M
est: 178.18M (-9.4%)
-68.17M
est: 94.38M (-172.2%)
59.90M
est: -58.70M (+202.0%)
99.07M
est: 87.01M (+13.9%)
170.12M
est: 97.92M (+73.7%)
152.25M
est: 137.24M (+10.9%)
60.00M
est: 61.10M (-1.8%)
-40.00M
est: 71.87M (-155.7%)
527.00M
est: 81.99M (+542.7%)
556.00M
est: 1.06B (-47.7%)
941.00M
est: 152.72M (+516.2%)
475.00M
est: 158.88M (+199.0%)
163.60M
158.75M – 166.80M
+3.0% YoY
173.43M
164.32M – 186.52M
+6.0% YoY
176.87M
169.55M – 185.41M
+2.0% YoY
257.17M
246.52M – 269.58M
+45.4% YoY
EBIT
8.91M
est: 622.1K (+1,332.8%)
33.53M
est: 55.75M (-39.9%)
51.59M
est: 59.45M (-13.2%)
61.89M
est: 76.75M (-19.4%)
60.49M
est: 78.98M (-23.4%)
-173.51M
est: 32.73M (-630.1%)
-46.62M
est: -149.85M (+68.9%)
-19.56M
est: -87.81M (+77.7%)
52.74M
est: -18.70M (+382.1%)
18.20M
est: 57.66M (-68.4%)
-85.00M
est: 13.68M (-721.2%)
-220.00M
est: 16.10M (-1,466.8%)
339.00M
est: 18.36M (+1,746.2%)
341.00M
est: 568.26M (-40.0%)
760.00M
est: 81.68M (+830.4%)
278.00M
est: 84.98M (+227.1%)
87.51M
84.91M – 89.22M
+3.0% YoY
92.77M
87.89M – 99.77M
+6.0% YoY
94.60M
90.69M – 99.17M
+2.0% YoY
137.55M
131.86M – 144.20M
+45.4% YoY
Net Income
5.37M
est: 20.62M (-74.0%)
22.38M
est: 34.43M (-35.0%)
33.05M
est: 41.75M (-20.8%)
38.96M
est: 54.99M (-29.1%)
30.65M
est: 56.73M (-46.0%)
-159.87M
est: 19.14M (-935.2%)
-48.94M
est: -134.32M (+63.6%)
-34.20M
est: -95.06M (+64.0%)
19.93M
est: -45.23M (+144.1%)
1.60M
est: 20.68M (-92.3%)
-85.00M
est: -41.74M (-103.6%)
-203.00M
est: 1.06M (-19,169.5%)
184.00M
est: 1.21M (+15,051.1%)
195.00M
est: 452.77M (-56.9%)
582.00M
est: 511.45M (+13.8%)
123.00M
est: 120.00M (+2.5%)
185.16M
177.51M – 192.80M
+54.3% YoY
236.70M
232.34M – 241.06M
+27.8% YoY
283.50M
248.99M – 335.01M
+19.8% YoY
443.66M
419.78M – 471.50M
+56.5% YoY
SGA
9.77M
est: 1.25M (+682.3%)
26.67M
est: 57.39M (-53.5%)
46.34M
est: 47.52M (-2.5%)
65.18M
est: 77.08M (-15.4%)
99.01M
est: 87.85M (+12.7%)
85.82M
est: 53.00M (+61.9%)
74.34M
est: 69.93M (+6.3%)
89.51M
est: 135.26M (-33.8%)
94.86M
est: 110.04M (-13.8%)
88.88M
est: 98.45M (-9.7%)
55.00M
est: 50.28M (+9.4%)
96.00M
est: 59.14M (+62.3%)
119.00M
est: 67.46M (+76.4%)
136.00M
est: 309.97M (-56.1%)
141.00M
est: 44.56M (+216.4%)
126.00M
est: 46.36M (+171.8%)
47.73M
46.32M – 48.67M
+3.0% YoY
50.60M
47.94M – 54.42M
+6.0% YoY
51.60M
49.47M – 54.10M
+2.0% YoY
75.03M
71.93M – 78.66M
+45.4% YoY
EPS
0.09
est: 0.08 (+6.1%)
0.28
est: 0.30 (-6.7%)
0.34
est: 0.35 (-3.3%)
0.36
est: 0.39 (-7.7%)
0.26
est: 0.53 (-50.7%)
-1.20
est: -0.54 (-120.3%)
-0.32
est: -0.23 (-37.4%)
-0.21
est: -0.03 (-508.7%)
0.12
est: 0.13 (-5.3%)
0.00
est: 0.00 (+140.7%)
-0.55
est: -0.34 (-63.6%)
-0.87
est: -0.15 (-474.3%)
0.59
est: 0.65 (-8.9%)
0.66
est: 1.99 (-66.9%)
2.28
est: 2.25 (+1.4%)
0.55
est: 0.55 (+0.3%)
0.82
0.78 – 0.85
+49.2% YoY
1.05
1.03 – 1.06
+27.8% YoY
1.29
1.10 – 1.48
+23.4% YoY
1.96
1.85 – 2.08
+51.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B- 2/5 2/5 4/5 4/5 1/5 2/5 1/5
2026-05-08 B- 2/5 2/5 4/5 4/5 1/5 2/5 1/5
2026-05-07 B- 2/5 2/5 4/5 4/5 1/5 2/5 1/5
2026-05-06 B- 2/5 2/5 4/5 4/5 1/5 2/5 1/5
2026-05-05 B- 2/5 2/5 4/5 4/5 1/5 2/5 1/5
2026-05-04 B- 2/5 2/5 4/5 4/5 1/5 2/5 1/5
2026-05-01 B- 3/5 2/5 4/5 4/5 1/5 2/5 2/5
2026-04-30 B- 3/5 2/5 4/5 4/5 1/5 2/5 2/5
2026-04-29 B- 3/5 2/5 4/5 4/5 1/5 2/5 2/5
2026-04-28 B- 3/5 2/5 4/5 4/5 1/5 2/5 2/5
2026-04-27 B- 3/5 2/5 4/5 4/5 1/5 2/5 2/5
2026-04-24 B 3/5 2/5 4/5 5/5 1/5 2/5 2/5
2026-04-23 B 3/5 2/5 4/5 5/5 1/5 2/5 2/5
2026-04-22 B 3/5 2/5 4/5 5/5 1/5 2/5 2/5
2026-04-21 B 3/5 2/5 4/5 5/5 1/5 2/5 2/5
2026-04-20 B 3/5 2/5 4/5 5/5 1/5 2/5 2/5
2026-04-17 B 3/5 2/5 4/5 5/5 1/5 2/5 2/5
2026-04-16 B 3/5 2/5 4/5 5/5 1/5 2/5 2/5
2026-04-15 B 3/5 2/5 4/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-3.03B
OE per share TTM
-13.47
Owner's Yield
-64.15%
Maintenance CapEx ratio
1,865.01%
Maint CapEx / Avg PPE
26.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
143.5K
Shares Outstanding
218.02M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Allen Peter Gransch President, Chief Executive Officer & Director 2M male
Corey Ray Higham Chief Operating Officer 853.5K male
Chad William Magus Chief Financial Officer 852.6K male
Michael Callihoo Corporate Secretary & General Counsel 725.7K male
Alison Prokop Executive female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits