CES ENERGY SOLUTIONS CORP (CEU.CA) Stock Fundamental Analysis
Canada - TSX:CEU - CA15713J1049 - Common Stock
8.64 CAD
-0.15 (-1.71%)
We assign a fundamental rating of 7 out of 10 to CEU. CEU was compared to 27 industry peers in the Energy Equipment & Services industry. CEU gets an excellent profitability rating and is at the same time showing great financial health properties. CEU has a correct valuation and a medium growth rate. With these ratings, CEU could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year CEU was profitable.
In the past year CEU had a positive cash flow from operations.
Of the past 5 years CEU 4 years were profitable.
In multiple years CEU reported negative operating cash flow during the last 5 years.
1.2 Ratios
With an excellent Return On Assets value of 12.01%, CEU belongs to the best of the industry, outperforming 81.48% of the companies in the same industry.
CEU's Return On Equity of 23.36% is amongst the best of the industry. CEU outperforms 85.19% of its industry peers.
CEU has a Return On Invested Capital of 17.76%. This is amongst the best in the industry. CEU outperforms 92.59% of its industry peers.
CEU had an Average Return On Invested Capital over the past 3 years of 15.43%. This is above the industry average of 11.19%.
The 3 year average ROIC (15.43%) for CEU is below the current ROIC(17.76%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.01% | ||
| ROE | 23.36% | ||
| ROIC | 17.76% |
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's Profit Margin of 7.63% is fine compared to the rest of the industry. CEU outperforms 74.07% of its industry peers.
CEU's Profit Margin has improved in the last couple of years.
CEU has a Operating Margin of 11.19%. This is in the better half of the industry: CEU outperforms 77.78% of its industry peers.
CEU's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 23.78%, CEU perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
In the last couple of years the Gross Margin of CEU has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.19% | ||
| PM (TTM) | 7.63% | ||
| GM | 23.78% |
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. Health
2.1 Basic Checks
CEU has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, CEU has less shares outstanding
CEU has less shares outstanding than it did 5 years ago.
CEU has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.25 indicates that CEU is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 4.25, CEU belongs to the best of the industry, outperforming 85.19% of the companies in the same industry.
The Debt to FCF ratio of CEU is 3.13, which is a good value as it means it would take CEU, 3.13 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.13, CEU is in the better half of the industry, outperforming 70.37% of the companies in the same industry.
CEU has a Debt/Equity ratio of 0.55. This is a neutral value indicating CEU is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.55, CEU perfoms like the industry average, outperforming 40.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 3.13 | ||
| Altman-Z | 4.25 |
ROIC/WACC2.22
WACC8.01%
2.3 Liquidity
A Current Ratio of 3.12 indicates that CEU has no problem at all paying its short term obligations.
The Current ratio of CEU (3.12) is better than 92.59% of its industry peers.
A Quick Ratio of 1.69 indicates that CEU should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.69, CEU is doing good in the industry, outperforming 70.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.12 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.56% over the past year.
CEU shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 49.00% yearly.
The Revenue has grown by 8.36% in the past year. This is quite good.
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)2.56%
EPS 3Y62.17%
EPS 5Y49%
EPS Q2Q%15%
Revenue 1Y (TTM)8.36%
Revenue growth 3Y25.3%
Revenue growth 5Y13%
Sales Q2Q%3.76%
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 14.62% on average per year.
Based on estimates for the next years, CEU will show a small growth in Revenue. The Revenue will grow by 3.49% on average per year.
EPS Next Y3.23%
EPS Next 2Y5.06%
EPS Next 3Y14.67%
EPS Next 5Y14.62%
Revenue Next Year3.71%
Revenue Next 2Y5.52%
Revenue Next 3Y4.95%
Revenue Next 5Y3.49%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.80, the valuation of CEU can be described as very reasonable.
CEU's Price/Earnings is on the same level as the industry average.
CEU is valuated cheaply when we compare the Price/Earnings ratio to 27.69, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 9.23, which indicates a very decent valuation of CEU.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CEU is on the same level as its industry peers.
CEU's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.18.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 9.23 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CEU is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as CEU.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.52 | ||
| EV/EBITDA | 6.44 |
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 an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CEU's earnings are expected to grow with 14.67% in the coming years.
PEG (NY)3.34
PEG (5Y)0.22
EPS Next 2Y5.06%
EPS Next 3Y14.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.93%, CEU has a reasonable but not impressive dividend return.
CEU's Dividend Yield is a higher than the industry average which is at 3.23.
CEU's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
5.2 History
The dividend of CEU is nicely growing with an annual growth rate of 14.06%!
CEU has been paying a dividend for at least 10 years, so it has 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
16.36% of the earnings are spent on dividend by CEU. This is a low number and sustainable payout ratio.
The dividend of CEU is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP16.36%
EPS Next 2Y5.06%
EPS Next 3Y14.67%
TSX:CEU (10/17/2025, 7:00:00 PM)
8.64
-0.15 (-1.71%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners37.43%
Inst Owner ChangeN/A
Ins Owners3.03%
Ins Owner ChangeN/A
Market Cap1.88B
Analysts81.67
Price Target10.2 (18.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
Yearly Dividend0.12
Dividend Growth(5Y)14.06%
DP16.36%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.53%
Min EPS beat(2)-8.23%
Max EPS beat(2)15.3%
EPS beat(4)2
Avg EPS beat(4)-0.71%
Min EPS beat(4)-14.11%
Max EPS beat(4)15.3%
EPS beat(8)6
Avg EPS beat(8)14.87%
EPS beat(12)8
Avg EPS beat(12)10.71%
EPS beat(16)12
Avg EPS beat(16)22.19%
Revenue beat(2)1
Avg Revenue beat(2)0.5%
Min Revenue beat(2)-0.79%
Max Revenue beat(2)1.79%
Revenue beat(4)3
Avg Revenue beat(4)1.19%
Min Revenue beat(4)-0.79%
Max Revenue beat(4)2.29%
Revenue beat(8)6
Avg Revenue beat(8)1.23%
Revenue beat(12)9
Avg Revenue beat(12)1.73%
Revenue beat(16)13
Avg Revenue beat(16)3.54%
PT rev (1m)0%
PT rev (3m)4.58%
EPS NQ rev (1m)5.62%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.67%
EPS NY rev (3m)-5.16%
Revenue NQ rev (1m)-2.95%
Revenue NQ rev (3m)-2.95%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 9.23 | ||
| P/S | 0.78 | ||
| P/FCF | 12.52 | ||
| P/OCF | 7.21 | ||
| P/B | 2.38 | ||
| P/tB | 2.74 | ||
| EV/EBITDA | 6.44 |
EPS(TTM)0.8
EY9.26%
EPS(NY)0.94
Fwd EY10.84%
FCF(TTM)0.69
FCFY7.99%
OCF(TTM)1.2
OCFY13.86%
SpS11.11
BVpS3.63
TBVpS3.15
PEG (NY)3.34
PEG (5Y)0.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.01% | ||
| ROE | 23.36% | ||
| ROCE | 21.85% | ||
| ROIC | 17.76% | ||
| ROICexc | 17.76% | ||
| ROICexgc | 19.37% | ||
| OM | 11.19% | ||
| PM (TTM) | 7.63% | ||
| GM | 23.78% | ||
| FCFM | 6.21% |
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
ROICexcg growth 3Y41.3%
ROICexcg 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-Score4
Asset Turnover1.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 3.13 | ||
| Debt/EBITDA | 1.19 | ||
| Cap/Depr | 116.36% | ||
| Cap/Sales | 4.57% | ||
| Interest Coverage | 8.09 | ||
| Cash Conversion | 71.34% | ||
| Profit Quality | 81.49% | ||
| Current Ratio | 3.12 | ||
| Quick Ratio | 1.69 | ||
| Altman-Z | 4.25 |
F-Score4
WACC8.01%
ROIC/WACC2.22
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)2.56%
EPS 3Y62.17%
EPS 5Y49%
EPS Q2Q%15%
EPS Next Y3.23%
EPS Next 2Y5.06%
EPS Next 3Y14.67%
EPS Next 5Y14.62%
Revenue 1Y (TTM)8.36%
Revenue growth 3Y25.3%
Revenue growth 5Y13%
Sales Q2Q%3.76%
Revenue Next Year3.71%
Revenue Next 2Y5.52%
Revenue Next 3Y4.95%
Revenue Next 5Y3.49%
EBIT growth 1Y10.11%
EBIT growth 3Y57.05%
EBIT growth 5Y29.5%
EBIT Next Year30.82%
EBIT Next 3Y17.51%
EBIT Next 5Y10.18%
FCF growth 1Y32.27%
FCF growth 3YN/A
FCF growth 5Y10.43%
OCF growth 1Y40.88%
OCF growth 3YN/A
OCF growth 5Y10.22%