SES S. A. risk profile
48 Elevated one input has moved against it
Measured 1 September 2026 from SESG's filed statements. Recomputed nightly.
48 (Elevated), driven by Market expectation at 70, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 70 | Stretched | Volatile | Drawdown from the 52-week high — 50.5% |
| Operating pressure | 61 | Stretched | Easing | Operating-margin drift — -12.4 percentage points |
| Cash conversion | 30 | Normal | Worsening | Capital spending against operating cash — 0.57x |
| Leverage and coverage | 48 | Elevated | Worsening | Net debt to EBITDA — 5.20x |
| Competitive position | 45 | Elevated | Stable | Operating-margin gap against peers — -2.2 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.