CES ENERGY SOLUTIONS CORP (CEU.CA) Fundamental Analysis & Valuation
TSX:CEU • CA15713J1049
Current stock price
18.67 CAD
+0.34 (+1.85%)
Last:
This CEU.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. CEU.CA Profitability Analysis
1.1 Basic Checks
- In the past year CEU was profitable.
- In the past year CEU had a positive cash flow from operations.
- CEU had positive earnings in each of the past 5 years.
- In multiple years CEU reported negative operating cash flow during the last 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 12.65%, CEU belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
- CEU's Return On Equity of 25.54% is amongst the best of the industry. CEU outperforms 89.29% of its industry peers.
- The Return On Invested Capital of CEU (17.08%) is better than 96.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.65% | ||
| ROE | 25.54% | ||
| ROIC | 17.08% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 8.21%, CEU belongs to the top of the industry, outperforming 82.14% of the companies in the same industry.
- CEU's Profit Margin has improved in the last couple of years.
- CEU has a better Operating Margin (10.81%) than 71.43% of its industry peers.
- In the last couple of years the Operating Margin of CEU has grown nicely.
- Looking at the Gross Margin, with a value of 23.69%, CEU is in the better half of the industry, outperforming 60.71% 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 | 10.81% | ||
| PM (TTM) | 8.21% | ||
| GM | 23.69% |
OM growth 3Y7.55%
OM growth 5YN/A
PM growth 3Y18.34%
PM growth 5YN/A
GM growth 3Y4.68%
GM growth 5Y5.9%
2. CEU.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CEU is creating value.
- CEU has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- CEU has an Altman-Z score of 5.63. This indicates that CEU is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of CEU (5.63) is better than 92.86% of its industry peers.
- CEU has a debt to FCF ratio of 2.62. This is a good value and a sign of high solvency as CEU would need 2.62 years to pay back of all of its debts.
- The Debt to FCF ratio of CEU (2.62) is better than 78.57% of its industry peers.
- A Debt/Equity ratio of 0.55 indicates that CEU is somewhat dependend on debt financing.
- CEU has a Debt to Equity ratio (0.55) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 2.62 | ||
| Altman-Z | 5.63 |
ROIC/WACC2.05
WACC8.32%
2.3 Liquidity
- A Current Ratio of 2.86 indicates that CEU has no problem at all paying its short term obligations.
- The Current ratio of CEU (2.86) is better than 89.29% of its industry peers.
- CEU has a Quick Ratio of 1.67. This is a normal value and indicates that CEU is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.67, CEU is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.86 | ||
| Quick Ratio | 1.67 |
3. CEU.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 13.58% over the past year.
- Measured over the past years, CEU shows a very strong growth in Earnings Per Share. The EPS has been growing by 55.87% on average per year.
- CEU shows a small growth in Revenue. In the last year, the Revenue has grown by 5.97%.
- The Revenue has been growing by 22.94% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)13.58%
EPS 3Y36.72%
EPS 5Y55.87%
EPS Q2Q%77.78%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y9.07%
Revenue growth 5Y22.94%
Sales Q2Q%9.77%
3.2 Future
- CEU is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.89% yearly.
- CEU is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.21% yearly.
EPS Next Y10.1%
EPS Next 2Y12.01%
EPS Next 3Y15.13%
EPS Next 5Y12.89%
Revenue Next Year8.63%
Revenue Next 2Y7.41%
Revenue Next 3Y9.91%
Revenue Next 5Y3.21%
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.
4. CEU.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 20.29 indicates a rather expensive valuation of CEU.
- CEU's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 27.47. CEU is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 18.43, the valuation of CEU can be described as rather expensive.
- CEU's Price/Forward Earnings ratio is in line with the industry average.
- CEU's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.62.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.29 | ||
| Fwd PE | 18.43 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CEU indicates a rather expensive valuation: CEU more expensive than 85.71% of the companies listed in the same industry.
- CEU's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.45 | ||
| EV/EBITDA | 11.82 |
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.
- CEU's earnings are expected to grow with 15.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.01
PEG (5Y)0.36
EPS Next 2Y12.01%
EPS Next 3Y15.13%
5. CEU.CA Dividend Analysis
5.1 Amount
- CEU has a Yearly Dividend Yield of 1.22%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.95, CEU pays a bit more dividend than its industry peers.
- CEU's Dividend Yield is slightly below the S&P500 average, which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
5.2 History
- On average, the dividend of CEU grows each year by 14.06%, which is quite nice.
- 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 past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)14.06%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
- 17.00% of the earnings are spent on dividend by CEU. This is a low number and sustainable payout ratio.
- CEU's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP17%
EPS Next 2Y12.01%
EPS Next 3Y15.13%
CEU.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:CEU (4/23/2026, 7:00:00 PM)
18.67
+0.34 (+1.85%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)03-10 2026-03-10/amc
Earnings (Next)05-08 2026-05-08
Inst Owners44.79%
Inst Owner ChangeN/A
Ins Owners3.12%
Ins Owner ChangeN/A
Market Cap3.94B
Revenue(TTM)2.49B
Net Income(TTM)204.72M
Analysts76.36
Price Target19.19 (2.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
Yearly Dividend0.12
Dividend Growth(5Y)14.06%
DP17%
Div Incr Years5
Div Non Decr Years5
Ex-Date03-31 2026-03-31 (0.055)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.41%
Min EPS beat(2)-16.13%
Max EPS beat(2)38.96%
EPS beat(4)2
Avg EPS beat(4)10.28%
Min EPS beat(4)-16.13%
Max EPS beat(4)38.96%
EPS beat(8)5
Avg EPS beat(8)13.99%
EPS beat(12)8
Avg EPS beat(12)14.04%
EPS beat(16)11
Avg EPS beat(16)14.43%
Revenue beat(2)2
Avg Revenue beat(2)2.34%
Min Revenue beat(2)0.86%
Max Revenue beat(2)3.82%
Revenue beat(4)3
Avg Revenue beat(4)1.42%
Min Revenue beat(4)-0.79%
Max Revenue beat(4)3.82%
Revenue beat(8)7
Avg Revenue beat(8)1.66%
Revenue beat(12)9
Avg Revenue beat(12)1.13%
Revenue beat(16)13
Avg Revenue beat(16)2.37%
PT rev (1m)25.94%
PT rev (3m)46.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.06%
EPS NY rev (1m)1.74%
EPS NY rev (3m)1.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.11%
Revenue NY rev (1m)1.92%
Revenue NY rev (3m)1.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.29 | ||
| Fwd PE | 18.43 | ||
| P/S | 1.58 | ||
| P/FCF | 21.45 | ||
| P/OCF | 13.8 | ||
| P/B | 4.91 | ||
| P/tB | 5.67 | ||
| EV/EBITDA | 11.82 |
EPS(TTM)0.92
EY4.93%
EPS(NY)1.01
Fwd EY5.43%
FCF(TTM)0.87
FCFY4.66%
OCF(TTM)1.35
OCFY7.24%
SpS11.82
BVpS3.8
TBVpS3.29
PEG (NY)2.01
PEG (5Y)0.36
Graham Number8.86794 (-52.5%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.65% | ||
| ROE | 25.54% | ||
| ROCE | 21.25% | ||
| ROIC | 17.08% | ||
| ROICexc | 17.08% | ||
| ROICexgc | 18.65% | ||
| OM | 10.81% | ||
| PM (TTM) | 8.21% | ||
| GM | 23.69% | ||
| FCFM | 7.36% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y7.55%
OM growth 5YN/A
PM growth 3Y18.34%
PM growth 5YN/A
GM growth 3Y4.68%
GM growth 5Y5.9%
F-Score6
Asset Turnover1.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 2.62 | ||
| Debt/EBITDA | 1.18 | ||
| Cap/Depr | 97.55% | ||
| Cap/Sales | 4.08% | ||
| Interest Coverage | 7.87 | ||
| Cash Conversion | 76.33% | ||
| Profit Quality | 89.71% | ||
| Current Ratio | 2.86 | ||
| Quick Ratio | 1.67 | ||
| Altman-Z | 5.63 |
F-Score6
WACC8.32%
ROIC/WACC2.05
Cap/Depr(3y)106.02%
Cap/Depr(5y)86.91%
Cap/Sales(3y)3.93%
Cap/Sales(5y)3.43%
Profit Quality(3y)114.29%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.58%
EPS 3Y36.72%
EPS 5Y55.87%
EPS Q2Q%77.78%
EPS Next Y10.1%
EPS Next 2Y12.01%
EPS Next 3Y15.13%
EPS Next 5Y12.89%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y9.07%
Revenue growth 5Y22.94%
Sales Q2Q%9.77%
Revenue Next Year8.63%
Revenue Next 2Y7.41%
Revenue Next 3Y9.91%
Revenue Next 5Y3.21%
EBIT growth 1Y1.13%
EBIT growth 3Y17.3%
EBIT growth 5YN/A
EBIT Next Year56.41%
EBIT Next 3Y21.5%
EBIT Next 5Y17.6%
FCF growth 1Y-13.18%
FCF growth 3YN/A
FCF growth 5Y7.42%
OCF growth 1Y-6.33%
OCF growth 3YN/A
OCF growth 5Y12.74%
CES ENERGY SOLUTIONS CORP / CEU.CA Fundamental Analysis 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.
Can you provide the profitability details for CES ENERGY SOLUTIONS CORP?
CES ENERGY SOLUTIONS CORP (CEU.CA) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for CEU stock?
The Price/Earnings (PE) ratio for CES ENERGY SOLUTIONS CORP (CEU.CA) is 20.29 and the Price/Book (PB) ratio is 4.91.
Can you provide the dividend sustainability for CEU stock?
The dividend rating of CES ENERGY SOLUTIONS CORP (CEU.CA) is 5 / 10 and the dividend payout ratio is 17%.