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EPA:SESG

SES SA

OPPORTUNISTIC BUY 2026-08-08 Data 35 days old EUR 5.47 Communication Services - BroadcastingAWAIT ENTRY
ACTIONABLEMethodology gates passed
54

Position levels

Currenttoday
EUR 5.47
Buy <=wait / entry
EUR 4.48
Trim >=take some off
EUR 5.85
Thesis breakA dividend cut, a multi-quarter delay to disclosed Intelsat synergy targets, or ...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case20%100 / 10020.0
Base case50%62 / 10031.0
Bear case30%10 / 1003.0
Weighted conviction54 / 100 - OPPORTUNISTIC BUY

Top risks

  • Intelsat acquisition with full consolidation from January 1 2025
  • UK CMA approval of Intelsat acquisition
  • EUR 3.5 billion revenue and EUR 1.5 billion adjusted EBITDA reported for 2025 pro forma
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.