CES ENERGY SOLUTIONS CORP (CEU.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:CEU • CA15713J1049

14.83 CAD
-0.13 (-0.87%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to CEU. CEU was compared to 27 industry peers in the Energy Equipment & Services industry. CEU has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. While showing a medium growth rate, CEU is valued expensive at the moment. These ratings would make CEU suitable for quality investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year CEU was profitable.
  • CEU had a positive operating cash flow in the past year.
  • CEU had positive earnings in 4 of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: CEU reported negative operating cash flow in multiple years.
CEU.CA Yearly Net Income VS EBIT VS OCF VS FCFCEU.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M 300M

1.2 Ratios

  • CEU's Return On Assets of 10.98% is amongst the best of the industry. CEU outperforms 85.19% of its industry peers.
  • CEU's Return On Equity of 22.06% is amongst the best of the industry. CEU outperforms 85.19% of its industry peers.
  • CEU has a better Return On Invested Capital (16.80%) than 92.59% of its industry peers.
  • CEU had an Average Return On Invested Capital over the past 3 years of 15.43%. This is significantly below the industry average of 177.00%.
  • The 3 year average ROIC (15.43%) for CEU is below the current ROIC(16.80%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.98%
ROE 22.06%
ROIC 16.8%
ROA(3y)10.13%
ROA(5y)1.8%
ROE(3y)20.87%
ROE(5y)4.79%
ROIC(3y)15.43%
ROIC(5y)N/A
CEU.CA Yearly ROA, ROE, ROICCEU.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

  • CEU has a better Profit Margin (7.32%) than 77.78% of its industry peers.
  • In the last couple of years the Profit Margin of CEU has grown nicely.
  • CEU has a better Operating Margin (10.95%) than 74.07% of its industry peers.
  • In the last couple of years the Operating Margin of CEU has grown nicely.
  • The Gross Margin of CEU (23.68%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of CEU has grown nicely.
Industry RankSector Rank
OM 10.95%
PM (TTM) 7.32%
GM 23.68%
OM growth 3Y25.33%
OM growth 5Y14.6%
PM growth 3Y24.88%
PM growth 5Y28.07%
GM growth 3Y4.59%
GM growth 5Y2.9%
CEU.CA Yearly Profit, Operating, Gross MarginsCEU.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CEU is creating value.
  • The number of shares outstanding for CEU has been reduced compared to 1 year ago.
  • CEU has less shares outstanding than it did 5 years ago.
  • CEU has a better debt/assets ratio than last year.
CEU.CA Yearly Shares OutstandingCEU.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
CEU.CA Yearly Total Debt VS Total AssetsCEU.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • CEU has an Altman-Z score of 4.98. This indicates that CEU is financially healthy and has little risk of bankruptcy at the moment.
  • CEU has a Altman-Z score of 4.98. This is amongst the best in the industry. CEU outperforms 88.89% of its industry peers.
  • CEU has a debt to FCF ratio of 3.64. This is a good value and a sign of high solvency as CEU would need 3.64 years to pay back of all of its debts.
  • CEU has a better Debt to FCF ratio (3.64) than 74.07% of its industry peers.
  • A Debt/Equity ratio of 0.57 indicates that CEU is somewhat dependend on debt financing.
  • The Debt to Equity ratio of CEU (0.57) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 3.64
Altman-Z 4.98
ROIC/WACC2.1
WACC7.99%
CEU.CA Yearly LT Debt VS Equity VS FCFCEU.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • CEU has a Current Ratio of 3.02. This indicates that CEU is financially healthy and has no problem in meeting its short term obligations.
  • CEU has a Current ratio of 3.02. This is amongst the best in the industry. CEU outperforms 92.59% of its industry peers.
  • CEU has a Quick Ratio of 1.74. This is a normal value and indicates that CEU is financially healthy and should not expect problems in meeting its short term obligations.
  • CEU has a better Quick ratio (1.74) than 70.37% of its industry peers.
Industry RankSector Rank
Current Ratio 3.02
Quick Ratio 1.74
CEU.CA Yearly Current Assets VS Current LiabilitesCEU.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The earnings per share for CEU have decreased by -6.02% in the last year.
  • Measured over the past years, CEU shows a very strong growth in Earnings Per Share. The EPS has been growing by 49.08% on average per year.
  • CEU shows a small growth in Revenue. In the last year, the Revenue has grown by 5.79%.
  • The Revenue has been growing by 13.00% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.02%
EPS 3Y62.15%
EPS 5Y49.08%
EPS Q2Q%-10%
Revenue 1Y (TTM)5.79%
Revenue growth 3Y25.3%
Revenue growth 5Y13%
Sales Q2Q%2.75%

3.2 Future

  • The Earnings Per Share is expected to grow by 13.19% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.62% on average over the next years.
EPS Next Y3.49%
EPS Next 2Y10.94%
EPS Next 3Y11.98%
EPS Next 5Y13.19%
Revenue Next Year4.89%
Revenue Next 2Y5.7%
Revenue Next 3Y5.83%
Revenue Next 5Y5.62%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CEU.CA Yearly Revenue VS EstimatesCEU.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B
CEU.CA Yearly EPS VS EstimatesCEU.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.5 -0.5 1 -1 1.5

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • CEU is valuated rather expensively with a Price/Earnings ratio of 19.01.
  • Compared to the rest of the industry, the Price/Earnings ratio of CEU is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 28.25. CEU is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 14.87, which indicates a correct valuation of CEU.
  • CEU's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, CEU is valued a bit cheaper.
Industry RankSector Rank
PE 19.01
Fwd PE 14.87
CEU.CA Price Earnings VS Forward Price EarningsCEU.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • CEU's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CEU is more expensive than 77.78% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as CEU.
Industry RankSector Rank
P/FCF 23.1
EV/EBITDA 10.01
CEU.CA Per share dataCEU.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • CEU has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.44
PEG (5Y)0.39
EPS Next 2Y10.94%
EPS Next 3Y11.98%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • CEU has a Yearly Dividend Yield of 1.19%.
  • Compared to an average industry Dividend Yield of 1.16, CEU pays a bit more dividend than its industry peers.
  • CEU's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.19%

5.2 History

  • The dividend of CEU is nicely growing with an annual growth rate of 14.06%!
  • CEU has paid a dividend for at least 10 years, which is a reliable track record.
  • CEU has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)14.06%
Div Incr Years4
Div Non Decr Years4
CEU.CA Yearly Dividends per shareCEU.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15

5.3 Sustainability

  • CEU pays out 18.25% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of CEU is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP18.25%
EPS Next 2Y10.94%
EPS Next 3Y11.98%
CEU.CA Yearly Income VS Free CF VS DividendCEU.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M
CEU.CA Dividend Payout.CEU.CA Dividend Payout, showing the Payout Ratio.CEU.CA Dividend Payout.PayoutRetained Earnings

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CES ENERGY SOLUTIONS CORP

TSX:CEU (2/4/2026, 7:00:00 PM)

14.83

-0.13 (-0.87%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-13
Earnings (Next)03-02
Inst Owners40.95%
Inst Owner ChangeN/A
Ins Owners3.16%
Ins Owner ChangeN/A
Market Cap3.17B
Revenue(TTM)2.44B
Net Income(TTM)178.28M
Analysts80
Price Target13.07 (-11.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.19%
Yearly Dividend0.12
Dividend Growth(5Y)14.06%
DP18.25%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.19%
Min EPS beat(2)-16.13%
Max EPS beat(2)26.51%
EPS beat(4)1
Avg EPS beat(4)-2.99%
Min EPS beat(4)-16.13%
Max EPS beat(4)26.51%
EPS beat(8)5
Avg EPS beat(8)13.49%
EPS beat(12)8
Avg EPS beat(12)12.36%
EPS beat(16)11
Avg EPS beat(16)16.88%
Revenue beat(2)1
Avg Revenue beat(2)0.03%
Min Revenue beat(2)-0.79%
Max Revenue beat(2)0.86%
Revenue beat(4)3
Avg Revenue beat(4)0.51%
Min Revenue beat(4)-0.79%
Max Revenue beat(4)1.79%
Revenue beat(8)7
Avg Revenue beat(8)1.4%
Revenue beat(12)9
Avg Revenue beat(12)1.18%
Revenue beat(16)13
Avg Revenue beat(16)2.83%
PT rev (1m)1.99%
PT rev (3m)28.13%
EPS NQ rev (1m)1.16%
EPS NQ rev (3m)-1.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.17%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)2.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.3%
Valuation
Industry RankSector Rank
PE 19.01
Fwd PE 14.87
P/S 1.3
P/FCF 23.1
P/OCF 13.2
P/B 3.92
P/tB 4.52
EV/EBITDA 10.01
EPS(TTM)0.78
EY5.26%
EPS(NY)1
Fwd EY6.72%
FCF(TTM)0.64
FCFY4.33%
OCF(TTM)1.12
OCFY7.58%
SpS11.4
BVpS3.78
TBVpS3.28
PEG (NY)5.44
PEG (5Y)0.39
Graham Number8.15
Profitability
Industry RankSector Rank
ROA 10.98%
ROE 22.06%
ROCE 20.67%
ROIC 16.8%
ROICexc 16.8%
ROICexgc 18.31%
OM 10.95%
PM (TTM) 7.32%
GM 23.68%
FCFM 5.63%
ROA(3y)10.13%
ROA(5y)1.8%
ROE(3y)20.87%
ROE(5y)4.79%
ROIC(3y)15.43%
ROIC(5y)N/A
ROICexc(3y)15.43%
ROICexc(5y)N/A
ROICexgc(3y)16.67%
ROICexgc(5y)N/A
ROCE(3y)18.99%
ROCE(5y)N/A
ROICexgc growth 3Y41.3%
ROICexgc growth 5Y18.11%
ROICexc growth 3Y42.21%
ROICexc growth 5Y25.93%
OM growth 3Y25.33%
OM growth 5Y14.6%
PM growth 3Y24.88%
PM growth 5Y28.07%
GM growth 3Y4.59%
GM growth 5Y2.9%
F-Score5
Asset Turnover1.5
Health
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 3.64
Debt/EBITDA 1.25
Cap/Depr 103.32%
Cap/Sales 4.22%
Interest Coverage 7.92
Cash Conversion 65.51%
Profit Quality 76.9%
Current Ratio 3.02
Quick Ratio 1.74
Altman-Z 4.98
F-Score5
WACC7.99%
ROIC/WACC2.1
Cap/Depr(3y)97.3%
Cap/Depr(5y)74.9%
Cap/Sales(3y)3.5%
Cap/Sales(5y)3.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.02%
EPS 3Y62.15%
EPS 5Y49.08%
EPS Q2Q%-10%
EPS Next Y3.49%
EPS Next 2Y10.94%
EPS Next 3Y11.98%
EPS Next 5Y13.19%
Revenue 1Y (TTM)5.79%
Revenue growth 3Y25.3%
Revenue growth 5Y13%
Sales Q2Q%2.75%
Revenue Next Year4.89%
Revenue Next 2Y5.7%
Revenue Next 3Y5.83%
Revenue Next 5Y5.62%
EBIT growth 1Y2.12%
EBIT growth 3Y57.05%
EBIT growth 5Y29.5%
EBIT Next Year31.67%
EBIT Next 3Y15.37%
EBIT Next 5Y11.79%
FCF growth 1Y-38.6%
FCF growth 3YN/A
FCF growth 5Y10.43%
OCF growth 1Y-20.35%
OCF growth 3YN/A
OCF growth 5Y10.22%

CES ENERGY SOLUTIONS CORP / CEU.CA FAQ

What is the fundamental rating for CEU stock?

ChartMill assigns a fundamental rating of 6 / 10 to CEU.CA.


What is the valuation status of CES ENERGY SOLUTIONS CORP (CEU.CA) stock?

ChartMill assigns a valuation rating of 3 / 10 to CES ENERGY SOLUTIONS CORP (CEU.CA). This can be considered as Overvalued.


How profitable is CES ENERGY SOLUTIONS CORP (CEU.CA) stock?

CES ENERGY SOLUTIONS CORP (CEU.CA) has a profitability rating of 7 / 10.


What are the PE and PB ratios of CES ENERGY SOLUTIONS CORP (CEU.CA) stock?

The Price/Earnings (PE) ratio for CES ENERGY SOLUTIONS CORP (CEU.CA) is 19.01 and the Price/Book (PB) ratio is 3.92.


What is the earnings growth outlook for CES ENERGY SOLUTIONS CORP?

The Earnings per Share (EPS) of CES ENERGY SOLUTIONS CORP (CEU.CA) is expected to grow by 3.49% in the next year.