Seche Environnement (SCHP) AI Stock Analysis

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Seche Environnement

(Paris:SCHP)

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Rating:59Neutral

Price Target:EUR 80.00▼(-0.37% Downside)

Action:reiterated

Date:11/05/26

Seche Environnement's score of 59 reflects a tug-of-war between strong cash generation and deteriorating profitability. The most significant risk factor is the severe margin contraction, which makes the company's premium 33.2x P/E ratio hard to justify and drags down the overall rating. Conversely, the stock is supported by robust operating cash flows (€192 million) and solid technical momentum, with the price trending above key moving averages, providing a counterbalance to the fundamental headwinds.

Positive Factors

Diversified environmental servicesSéché serves multiple waste streams and environmental needs, spanning collection, treatment, recovery, disposal and remediation. This breadth can support customer relevance across industrial and public-sector markets, while reducing dependence on any single service category over the medium term.

Negative Factors

Sharp revenue contractionThe sharp 2025 revenue contraction represents a material deterioration in recent operating performance and reduces visibility on near-term growth. If sustained, lower revenue would weaken asset utilization and make it harder to absorb fixed operating costs across the group.

Seche Environnement (SCHP) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 627.90M
Dividend Yield: 1.49%
Average Volume (3M): 4,564
Price to Earnings (P/E): 35.1
Beta (1Y): 0.51
Revenue Growth: 2.29%
EPS Growth: -59.18%
Country: France
Employees: 7,404
Sector: General
Sector Strength: 55
Industry: Waste Management

Seche Environnement Business Overview & Revenue Model

Company Description

Séché Environnement S.A., established in 1976 and headquartered in Paris, France, provides comprehensive waste recovery and treatment solutions. The company serves industrial and corporate clients, as well as local authorities, both within France and...

How the Company Makes Money

Séché Environnement primarily makes money by charging fees for waste-related services delivered under contracts with industrial clients, local authorities, and other waste holders. Its main revenue streams typically include: (1) Waste treatment and d...

Seche Environnement Earnings Call Summary

Earnings Call Date:Sep 10, 2025(Q2-2025)|% Change Since:-11.16%|Next Earnings Date:Mar 15, 2027

Earnings Call SentimentNeutral

The earnings call presented a mixed outlook with strong growth in revenue and successful integration of acquisitions, but was tempered by challenges such as declining energy prices impacting margins and underperformance in certain regions such as Spain.

Positive Updates

Dynamic Growth in H1 2025

Séché Environnement reported a dynamic growth with a 14.8% increase in contributed revenue to EUR 580.1 million, with organic growth at 7.5%.

Negative Updates

Impact of Declining Energy Prices

Energy prices dropped sharply, negatively impacting EBITDA by approximately EUR 15 million, with a projected reduction in expected EBITDA margins.

Company Guidance

During the Séché Environnement call, guidance for H2 2025 and beyond was outlined amidst a backdrop of dynamic growth and several challenges. The group reported H1 2025 revenue of EUR 580.1 million, marking a 7.5% organic growth, with an EBITDA of EUR 118.2 million, representing a margin increase to 20.4% from 17.5% last year. Despite strong cash generation and achieving a leverage target below 3x EBITDA, the company anticipates a limited increase in EBITDA margins, partly due to declining energy prices, which are expected to impact earnings by EUR 15 million in H2. The planned acquisition of Groupe Flamme is a key strategic focus, pending regulatory approval, and is expected to enhance the company's market share in hazardous waste management in France. The outlook for 2025 maintains a revenue target of EUR 1.280 billion, with an anticipated EBITDA range of EUR 250 million to EUR 260 million. While international segments showed mixed results, the group expects improved performance in H2, particularly in Latin America and Southern Africa.

Seche Environnement Financial Statement Overview

Summary

Financials present a mixed profile; while cash generation is robust at €192 million and the asset base is expanding, profitability is severely strained with a razor-thin net margin of 1.7% and a weak return on equity of 3.2%.

Income Statement

45Neutral

Balance Sheet

55Neutral

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.29B	1.26B	1.19B	1.09B	974.95M	791.32M
Gross Profit	180.05M	172.75M	678.14M	631.16M	254.31M	202.34M
EBITDA	227.85M	219.73M	210.89M	198.01M	190.09M	161.07M
Net Income	17.74M	21.48M	35.50M	47.83M	44.61M	28.38M
Balance Sheet
Total Assets	2.73B	2.61B	2.12B	1.59B	1.40B	1.22B
Cash, Cash Equivalents and Short-Term Investments	509.66M	706.12M	170.47M	162.22M	126.17M	172.20M
Total Debt	1.26B	1.25B	1.02B	798.62M	703.99M	647.09M
Total Liabilities	1.86B	1.73B	1.53B	1.24B	1.09B	949.92M
Stockholders Equity	657.29M	665.79M	363.75M	338.34M	310.10M	269.47M
Cash Flow
Free Cash Flow	91.94M	82.75M	116.47M	95.49M	33.68M	37.41M
Operating Cash Flow	197.90M	192.56M	201.20M	187.31M	133.54M	126.97M
Investing Cash Flow	-306.03M	-123.43M	-304.35M	-168.73M	-189.48M	-117.61M
Financing Cash Flow	281.85M	470.90M	106.20M	18.76M	-5.20M	46.96M

Seche Environnement Technical Analysis

Technical Analysis SentimentPositive

Last Price80.30

Price Trends

50DMA75.43Positive

100DMA77.76Positive

200DMA76.77Positive

Market Momentum

MACD1.78Negative

RSI68.16Neutral

STOCH83.15Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:SCHP, the sentiment is Positive. The current price of 80.30 is above the 20-day moving average (MA) of 75.61, above the 50-day MA of 75.43, and above the 200-day MA of 76.77, indicating a bullish trend. The MACD of 1.78 indicates Negative momentum. The RSI at 68.16 is Neutral, neither overbought nor oversold. The STOCH value of 83.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:SCHP.

Seche Environnement Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FR:SCHP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:DBG	68Neutral	EUR 1.31B	9.91	11.53%	1.58%	-2.88%	24.77%
FR:SCHP	59Neutral	EUR 628.72M	35.06	2.68%	1.49%	2.29%	-59.18%
FR:VIE	58Neutral	EUR 25.10B	20.63	17.55%	4.33%	-0.13%	12.40%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:ALTUV	47Neutral	EUR 10.91M	86.60	―	―	-5.75%	-78.66%
FR:OREGE	42Neutral	EUR 13.84M	-1.11	19.27%	―	61.30%	-6.66%

* General Sector Average

Performance Comparison

FR:SCHP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:SCHP	Seche Environnement	80.30	16.99	26.84%
FR:DBG	Derichebourg SA	8.22	2.42	41.57%
FR:VIE	Veolia Environnement (UK)	34.66	6.87	24.74%
FR:OREGE	Orege SA	0.28	-0.01	-4.15%
FR:ALTUV	Bio-UV Group SA	0.84	-0.74	-46.77%
FR:GPE	Groupe Pizzorno Environnement SA	58.20	-1.05	-1.77%

Seche Environnement Corporate Events

Séché Environnement Confirms 2026 Revenue Target as Q3 Growth Accelerates

Oct 27, 2026

Séché Environnement reported a solid rebound in activity in the third quarter of 2026, with contributive revenue rising 11.4% to €308.8 million, or 4.6% on an organic basis, driven by renewed growth in France and sustained momentum abroad. Over the f...

Séché Environnement Updates Share Capital and Voting Rights Structure

Oct 6, 2026

Séché Environnement reported that, as of October 1, 2026, its share capital consisted of 7,857,732 shares, reflecting the current equity structure of the company. The group also disclosed a total of 12,997,056 theoretical voting rights, a figure that...

Séché Environnement Files Half-Year Financial Report and Sets Date for Q3 Revenue Update

Oct 5, 2026

Séché Environnement has filed its Half-Year Financial Report with the French financial markets regulator, the Autorité des Marchés Financiers, making the document available on both the company’s website and the AMF portal, as well as at its head offi...

Séché Environnement lifts profitability and cements global waste leadership with Chile and Italy deals

Sep 9, 2026

Séché Environnement reported first‑half 2026 contributive revenue of €607.8m, up 4.8% year‑on‑year, with EBITDA rising 8.5% to €128.3m as international operations delivered strong growth and historically high profitability. Despite one‑off acquisitio...

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.

Date of analysis: Nov 04, 2026

Seche Environnement AI Stock Analysis