CES ENERGY SOLUTIONS CORP (CEU.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:CEU • CA15713J1049
15.23 CAD
+0.61 (+4.17%)
Last: Feb 6, 2026, 07:00 PM
Overall CEU gets a fundamental rating of 6 out of 10. We evaluated CEU against 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. CEU is valied quite expensively at the moment, while it does show a decent growth rate. These ratings could make CEU a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
- CEU had positive earnings in the past year.
- CEU had a positive operating cash flow in the past year.
- Of the past 5 years CEU 4 years were profitable.
- The reported operating cash flow has been mixed in the past 5 years: CEU reported negative operating cash flow in multiple years.
1.2 Ratios
- The Return On Assets of CEU (10.98%) is better than 85.19% of its industry peers.
- CEU has a better Return On Equity (22.06%) than 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 last Return On Invested Capital (16.80%) for CEU is above the 3 year average (15.43%), which is a sign of increasing profitability.
| 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
- The Profit Margin of CEU (7.32%) is better than 77.78% of its industry peers.
- In the last couple of years the Profit Margin of CEU has grown nicely.
- Looking at the Operating Margin, with a value of 10.95%, CEU is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
- CEU's Operating Margin has improved in the last couple of years.
- CEU has a Gross Margin (23.68%) which is comparable to the rest of the industry.
- CEU's Gross Margin has improved in the last couple of years.
| 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. 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
- The number of shares outstanding for CEU has been reduced compared to 5 years ago.
- The debt/assets ratio for CEU has been reduced compared to a year ago.
2.2 Solvency
- CEU has an Altman-Z score of 4.95. This indicates that CEU is financially healthy and has little risk of bankruptcy at the moment.
- CEU has a better Altman-Z score (4.95) than 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.
- The Debt to FCF ratio of CEU (3.64) is better than 74.07% of its industry peers.
- A Debt/Equity ratio of 0.57 indicates that CEU is somewhat dependend on debt financing.
- CEU has a Debt to Equity ratio (0.57) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 3.64 | ||
| Altman-Z | 4.95 |
ROIC/WACC2.1
WACC7.98%
2.3 Liquidity
- A Current Ratio of 3.02 indicates that CEU has no problem at all paying its short term obligations.
- CEU has a better Current ratio (3.02) than 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.
- Looking at the Quick ratio, with a value of 1.74, CEU is in the better half of the industry, outperforming 70.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.02 | ||
| Quick Ratio | 1.74 |
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.
- Looking at the last year, CEU shows a small growth in Revenue. The Revenue has grown by 5.79% in the last 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 13.19% on average per year.
- Based on estimates for the next years, CEU will show a small growth in Revenue. The Revenue will grow by 5.62% on average per year.
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
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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. Valuation
4.1 Price/Earnings Ratio
- CEU is valuated rather expensively with a Price/Earnings ratio of 19.53.
- The rest of the industry has a similar Price/Earnings ratio as CEU.
- Compared to an average S&P500 Price/Earnings ratio of 27.92, CEU is valued a bit cheaper.
- CEU is valuated correctly with a Price/Forward Earnings ratio of 15.28.
- CEU's Price/Forward Earnings ratio is in line with the industry average.
- CEU is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.53 | ||
| Fwd PE | 15.28 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CEU is valued more expensive than 81.48% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of CEU is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.72 | ||
| EV/EBITDA | 9.89 |
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)5.59
PEG (5Y)0.4
EPS Next 2Y10.94%
EPS Next 3Y11.98%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.16%, CEU has a reasonable but not impressive dividend return.
- CEU's Dividend Yield is a higher than the industry average which is at 1.16.
- Compared to the average S&P500 Dividend Yield of 1.81, CEU is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
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 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%
TSX:CEU (2/6/2026, 7:00:00 PM)
15.23
+0.61 (+4.17%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-13 2025-11-13/amc
Earnings (Next)03-05 2026-03-05
Inst Owners40.95%
Inst Owner ChangeN/A
Ins Owners3.16%
Ins Owner ChangeN/A
Market Cap3.25B
Revenue(TTM)2.44B
Net Income(TTM)178.28M
Analysts80
Price Target15.24 (0.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.53 | ||
| Fwd PE | 15.28 | ||
| P/S | 1.34 | ||
| P/FCF | 23.72 | ||
| P/OCF | 13.55 | ||
| P/B | 4.02 | ||
| P/tB | 4.64 | ||
| EV/EBITDA | 9.89 |
EPS(TTM)0.78
EY5.12%
EPS(NY)1
Fwd EY6.55%
FCF(TTM)0.64
FCFY4.22%
OCF(TTM)1.12
OCFY7.38%
SpS11.4
BVpS3.78
TBVpS3.28
PEG (NY)5.59
PEG (5Y)0.4
Graham Number8.15
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 | 4.95 |
F-Score5
WACC7.98%
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 19.53 and the Price/Book (PB) ratio is 4.02.
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.