CES ENERGY SOLUTIONS CORP (CEU.CA) Fundamental Analysis & Valuation
TSX:CEU • CA15713J1049
16.96 CAD
+0.03 (+0.18%)
Last: Mar 6, 2026, 07:00 PM
This CEU.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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. Both the health and profitability get an excellent rating, making CEU a very profitable company, without any liquidiy or solvency issues. While showing a medium growth rate, CEU is valued expensive at the moment. These ratings would make CEU suitable for quality investing!
1. CEU.CA Profitability Analysis
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.
- In multiple years CEU reported negative operating cash flow during the last 5 years.
1.2 Ratios
- CEU has a Return On Assets of 10.98%. This is amongst the best in the industry. CEU outperforms 81.48% of its industry peers.
- The Return On Equity of CEU (22.06%) is better than 85.19% of its industry peers.
- CEU has a Return On Invested Capital of 16.80%. This is amongst the best in the industry. CEU outperforms 92.59% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for CEU is significantly below the industry average of 170.14%.
- The 3 year average ROIC (15.43%) for CEU is below the current ROIC(16.80%), indicating increased profibility in the last year.
| Industry Rank | Sector 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
1.3 Margins
- CEU has a Profit Margin of 7.32%. This is in the better half of the industry: CEU outperforms 74.07% of its industry peers.
- In the last couple of years the Profit Margin of CEU has grown nicely.
- CEU's Operating Margin of 10.95% is fine compared to the rest of the industry. CEU outperforms 66.67% of its industry peers.
- CEU's Operating Margin has improved in the last couple of years.
- CEU has a Gross Margin (23.68%) which is in line with its industry peers.
- In the last couple of years the Gross Margin of CEU has grown nicely.
| Industry Rank | Sector 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%
2. CEU.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CEU is creating value.
- CEU has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, CEU has less shares outstanding
- CEU has a better debt/assets ratio than last year.
2.2 Solvency
- CEU has an Altman-Z score of 5.27. This indicates that CEU is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 5.27, CEU belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
- 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 Debt to FCF ratio of 3.64. This is in the better half of the industry: CEU outperforms 70.37% of its industry peers.
- CEU has a Debt/Equity ratio of 0.57. This is a neutral value indicating CEU is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.57, CEU perfoms like the industry average, outperforming 40.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 3.64 | ||
| Altman-Z | 5.27 |
ROIC/WACC2.08
WACC8.09%
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's Current ratio of 3.02 is amongst the best of the industry. CEU outperforms 92.59% of its industry peers.
- A Quick Ratio of 1.74 indicates that CEU should not have too much problems paying its short term obligations.
- CEU has a Quick ratio of 1.74. This is in the better half of the industry: CEU outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.02 | ||
| Quick Ratio | 1.74 |
3. CEU.CA Growth Analysis
3.1 Past
- CEU shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.02%.
- 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.
- The Revenue has been growing slightly by 5.79% in the past year.
- Measured over the past years, CEU shows a quite strong growth in Revenue. The Revenue has been growing by 13.00% on average per year.
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
- Based on estimates for the next years, CEU will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.84% on average per year.
- Based on estimates for the next years, CEU will show a small growth in Revenue. The Revenue will grow by 4.57% on average per year.
EPS Next Y3.49%
EPS Next 2Y10.94%
EPS Next 3Y11.98%
EPS Next 5Y12.84%
Revenue Next Year5.1%
Revenue Next 2Y5.84%
Revenue Next 3Y5.69%
Revenue Next 5Y4.57%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. CEU.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 21.74, which indicates a rather expensive current valuation of CEU.
- 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 26.29. CEU is around the same levels.
- CEU is valuated rather expensively with a Price/Forward Earnings ratio of 17.01.
- The rest of the industry has a similar Price/Forward Earnings ratio as CEU.
- When comparing the Price/Forward Earnings ratio of CEU to the average of the S&P500 Index (24.57), we can say CEU is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.74 | ||
| Fwd PE | 17.01 |
4.2 Price Multiples
- 81.48% of the companies in the same industry are cheaper than CEU, based on the Enterprise Value to EBITDA ratio.
- The rest of the industry has a similar Price/Free Cash Flow ratio as CEU.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.97 | ||
| EV/EBITDA | 11.06 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CEU does not grow enough to justify the current Price/Earnings ratio.
- CEU has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)6.22
PEG (5Y)0.44
EPS Next 2Y10.94%
EPS Next 3Y11.98%
5. CEU.CA Dividend Analysis
5.1 Amount
- CEU has a Yearly Dividend Yield of 1.00%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.01, CEU pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, CEU's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
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
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 Fundamentals: All Metrics, Ratios and Statistics
TSX:CEU (3/6/2026, 7:00:00 PM)
16.96
+0.03 (+0.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-13 2025-11-13/amc
Earnings (Next)03-10 2026-03-10
Inst Owners42.38%
Inst Owner ChangeN/A
Ins Owners3.2%
Ins Owner ChangeN/A
Market Cap3.56B
Revenue(TTM)2.44B
Net Income(TTM)178.28M
Analysts78.18
Price Target15.24 (-10.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
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)16.59%
PT rev (3m)25.46%
EPS NQ rev (1m)4.83%
EPS NQ rev (3m)6.05%
EPS NY rev (1m)0%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)0.76%
Revenue NQ rev (3m)0.72%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.74 | ||
| Fwd PE | 17.01 | ||
| P/S | 1.46 | ||
| P/FCF | 25.97 | ||
| P/OCF | 14.84 | ||
| P/B | 4.4 | ||
| P/tB | 5.08 | ||
| EV/EBITDA | 11.06 |
EPS(TTM)0.78
EY4.6%
EPS(NY)1
Fwd EY5.88%
FCF(TTM)0.65
FCFY3.85%
OCF(TTM)1.14
OCFY6.74%
SpS11.6
BVpS3.85
TBVpS3.34
PEG (NY)6.22
PEG (5Y)0.44
Graham Number8.22
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 5.27 |
F-Score5
WACC8.09%
ROIC/WACC2.08
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 5Y12.84%
Revenue 1Y (TTM)5.79%
Revenue growth 3Y25.3%
Revenue growth 5Y13%
Sales Q2Q%2.75%
Revenue Next Year5.1%
Revenue Next 2Y5.84%
Revenue Next 3Y5.69%
Revenue Next 5Y4.57%
EBIT growth 1Y2.12%
EBIT growth 3Y57.05%
EBIT growth 5Y29.5%
EBIT Next Year31.83%
EBIT Next 3Y15.72%
EBIT Next 5Y12.86%
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 2 / 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 21.74 and the Price/Book (PB) ratio is 4.4.
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.