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

Canada • Toronto Stock Exchange • TSX:CEU • CA15713J1049

15.29 CAD
+0.14 (+0.92%)
Last: Feb 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall CEU gets a fundamental rating of 6 out of 10. We evaluated CEU against 28 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. CEU is valied quite expensively at the moment, while it does show a decent growth rate. These ratings would make CEU suitable for quality investing!


Dividend Valuation Growth Profitability Health

7

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.
  • 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

  • Looking at the Return On Assets, with a value of 10.98%, CEU belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 22.06%, CEU belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • The Return On Invested Capital of CEU (16.80%) is better than 92.86% 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 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 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's Profit Margin of 7.32% is fine compared to the rest of the industry. CEU outperforms 78.57% of its industry peers.
  • CEU's Profit Margin has improved in the last couple of years.
  • CEU's Operating Margin of 10.95% is fine compared to the rest of the industry. CEU outperforms 75.00% of its industry peers.
  • In the last couple of years the Operating Margin of CEU has grown nicely.
  • CEU's Gross Margin of 23.68% is fine compared to the rest of the industry. CEU outperforms 60.71% of its industry peers.
  • CEU's Gross Margin has improved in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CEU is creating value.
  • Compared to 1 year ago, CEU has less shares outstanding
  • CEU has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, CEU has an improved debt to assets ratio.
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 5.03. This indicates that CEU is financially healthy and has little risk of bankruptcy at the moment.
  • CEU's Altman-Z score of 5.03 is amongst the best of the industry. CEU outperforms 89.29% of its industry peers.
  • The Debt to FCF ratio of CEU is 3.64, which is a good value as it means it would take CEU, 3.64 years of fcf income to pay off 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 75.00% 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 of 0.57. This is comparable to the rest of the industry: CEU outperforms 46.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 3.64
Altman-Z 5.03
ROIC/WACC2.14
WACC7.84%
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.
  • With an excellent Current ratio value of 3.02, CEU belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
  • 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.
  • Looking at the Quick ratio, with a value of 1.74, CEU is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
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

More info and screens

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.
  • 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

  • CEU is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.19% yearly.
  • 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.
  • 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.
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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3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 19.60, CEU is valued on the expensive side.
  • CEU's Price/Earnings is on the same level as the industry average.
  • CEU is valuated rather cheaply when we compare the Price/Earnings ratio to 28.03, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 15.34, the valuation of CEU can be described as correct.
  • The rest of the industry has a similar Price/Forward Earnings ratio as CEU.
  • The average S&P500 Price/Forward Earnings ratio is at 27.97. CEU is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 19.6
Fwd PE 15.34
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

  • Based on the Enterprise Value to EBITDA ratio, CEU is valued a bit more expensive than the industry average as 78.57% of the companies are valued more cheaply.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as CEU.
Industry RankSector Rank
P/FCF 23.82
EV/EBITDA 10.19
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 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)5.61
PEG (5Y)0.4
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 1.16%.
  • CEU's Dividend Yield is a higher than the industry average which is at 1.12.
  • CEU's Dividend Yield is slightly below the S&P500 average, which is at 1.80.
Industry RankSector 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 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

  • 18.25% of the earnings are spent on dividend by CEU. This is a low number and 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

More info and screens

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CES ENERGY SOLUTIONS CORP

TSX:CEU (2/10/2026, 7:00:00 PM)

15.29

+0.14 (+0.92%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-13
Earnings (Next)03-05
Inst Owners40.95%
Inst Owner ChangeN/A
Ins Owners3.16%
Ins Owner ChangeN/A
Market Cap3.27B
Revenue(TTM)2.44B
Net Income(TTM)178.28M
Analysts80
Price Target15.24 (-0.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)18.91%
PT rev (3m)33.15%
EPS NQ rev (1m)6.05%
EPS NQ rev (3m)5.23%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-3.17%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)3.08%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)1.3%
Valuation
Industry RankSector Rank
PE 19.6
Fwd PE 15.34
P/S 1.34
P/FCF 23.82
P/OCF 13.61
P/B 4.04
P/tB 4.66
EV/EBITDA 10.19
EPS(TTM)0.78
EY5.1%
EPS(NY)1
Fwd EY6.52%
FCF(TTM)0.64
FCFY4.2%
OCF(TTM)1.12
OCFY7.35%
SpS11.4
BVpS3.78
TBVpS3.28
PEG (NY)5.61
PEG (5Y)0.4
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 5.03
F-Score5
WACC7.84%
ROIC/WACC2.14
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 19.6 and the Price/Book (PB) ratio is 4.04.


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.