Secure Waste Infrastructure: Still Attractive Thanks To Free Cash Flow

The Investment DoctorInvesting Group LeaderFollow5ShareSavePlay(7min)CommentsSummarySECURE Waste Infrastructure remains attractively valued, trading at a sustaining free cash flow yield just under 7%.2025 results show strong free cash flow, with C$1.15/share underlying FCF and leverage at only 1.75x adjusted EBITDA.2026 guidance targets 4%-10% adjusted EBITDA growth, driven by Waste Management and new water infrastructure projects.I rate SES:CA a weak "Buy" now, but a clear "buy on weakness" given management’s disciplined capital allocation and IRR-focused growth.Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More » flyzone/iStock via Getty Images Introduction Last summer, I argued in a previous article that SECURE Waste Infrastructure (SES:CA) (SECYF) was still cheap. Although the share price has moved up by about 20% since that article was published, the recently published FY 2025 results andThis article was written byThe Investment Doctor23.65K FollowersFollowThe Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks. He is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on high-quality ideas in the small-cap space, with emphasis on capital gains and dividend income for continuous cash flow. Features include: two model portfolios - the European Small Cap Ideas portfolio and the European REIT Portfolio, weekly updates, educational content to learn more about the European investing opportunities, and an active chat room to discuss the latest developments of the portfolio holdings. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.