CES ENERGY SOLUTIONS CORP (CEU.CA) Stock Fundamental Analysis
TSX:CEU • CA15713J1049
16.14 CAD
-0.55 (-3.3%)
Last: Feb 20, 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 quite expensive at the moment. It does show a decent growth rate. These ratings could make CEU a good candidate 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.
- 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.
1.2 Ratios
- CEU has a Return On Assets of 10.98%. This is amongst the best in the industry. CEU outperforms 85.19% of its industry peers.
- CEU has a Return On Equity of 22.06%. This is amongst the best in the industry. CEU outperforms 85.19% of its industry peers.
- The Return On Invested Capital of CEU (16.80%) is better than 92.59% of its industry peers.
- The Average Return On Invested Capital over the past 3 years 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 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 better Profit Margin (7.32%) than 77.78% of its industry peers.
- CEU's Profit Margin has improved in the last couple of years.
- 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.
- The Gross Margin of CEU (23.68%) is comparable to the rest of the industry.
- 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. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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
- The debt/assets ratio for CEU has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 5.14 indicates that CEU is not in any danger for bankruptcy at the moment.
- CEU has a better Altman-Z score (5.14) than 88.89% 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 74.07% 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.
- Looking at the Debt to Equity ratio, with a value of 0.57, CEU is in line with its industry, outperforming 44.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 3.64 | ||
| Altman-Z | 5.14 |
ROIC/WACC2.09
WACC8.05%
2.3 Liquidity
- A Current Ratio of 3.02 indicates that CEU has no problem at all paying its short term obligations.
- The Current ratio of CEU (3.02) is better 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.
- CEU's Quick ratio of 1.74 is fine compared to the rest of the industry. CEU outperforms 70.37% of its industry peers.
| 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.
- The Earnings Per Share has been growing by 49.08% on average over the past years. This is a very strong growth
- The Revenue has been growing slightly by 5.79% in the past year.
- The Revenue has been growing by 13.00% on average over the past years. This is quite good.
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
- The Earnings Per Share is expected to grow by 12.84% on average over the next years. This is quite good.
- CEU is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.57% yearly.
EPS Next Y4.95%
EPS Next 2Y10.94%
EPS Next 3Y11.87%
EPS Next 5Y12.84%
Revenue Next Year5.74%
Revenue Next 2Y5.7%
Revenue Next 3Y6.03%
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. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 20.69, which indicates a rather expensive current valuation of CEU.
- CEU's Price/Earnings ratio is in line with the industry average.
- The average S&P500 Price/Earnings ratio is at 26.99. CEU is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 16.19, the valuation of CEU can be described as correct.
- CEU's Price/Forward Earnings is on the same level as the industry average.
- CEU's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.02.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.69 | ||
| Fwd PE | 16.19 |
4.2 Price Multiples
- CEU's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CEU is more expensive than 77.78% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as CEU.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.71 | ||
| EV/EBITDA | 10.61 |
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)4.18
PEG (5Y)0.42
EPS Next 2Y10.94%
EPS Next 3Y11.87%
5. Dividend
5.1 Amount
- CEU has a Yearly Dividend Yield of 1.09%.
- Compared to an average industry Dividend Yield of 1.12, CEU pays a bit more dividend than its industry peers.
- Compared to the average S&P500 Dividend Yield of 1.81, CEU is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
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
- 18.25% 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.
DP18.25%
EPS Next 2Y10.94%
EPS Next 3Y11.87%
TSX:CEU (2/20/2026, 7:00:00 PM)
16.14
-0.55 (-3.3%)
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 Owners40.95%
Inst Owner ChangeN/A
Ins Owners3.16%
Ins Owner ChangeN/A
Market Cap3.39B
Revenue(TTM)2.44B
Net Income(TTM)178.28M
Analysts78.18
Price Target15.24 (-5.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
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)33.15%
EPS NQ rev (1m)4.83%
EPS NQ rev (3m)5.23%
EPS NY rev (1m)1.41%
EPS NY rev (3m)-1.64%
Revenue NQ rev (1m)0.76%
Revenue NQ rev (3m)3.66%
Revenue NY rev (1m)0.8%
Revenue NY rev (3m)2.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.69 | ||
| Fwd PE | 16.19 | ||
| P/S | 1.39 | ||
| P/FCF | 24.71 | ||
| P/OCF | 14.12 | ||
| P/B | 4.19 | ||
| P/tB | 4.83 | ||
| EV/EBITDA | 10.61 |
EPS(TTM)0.78
EY4.83%
EPS(NY)1
Fwd EY6.18%
FCF(TTM)0.65
FCFY4.05%
OCF(TTM)1.14
OCFY7.08%
SpS11.6
BVpS3.85
TBVpS3.34
PEG (NY)4.18
PEG (5Y)0.42
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 | 5.14 |
F-Score5
WACC8.05%
ROIC/WACC2.09
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 Y4.95%
EPS Next 2Y10.94%
EPS Next 3Y11.87%
EPS Next 5Y12.84%
Revenue 1Y (TTM)5.79%
Revenue growth 3Y25.3%
Revenue growth 5Y13%
Sales Q2Q%2.75%
Revenue Next Year5.74%
Revenue Next 2Y5.7%
Revenue Next 3Y6.03%
Revenue Next 5Y4.57%
EBIT growth 1Y2.12%
EBIT growth 3Y57.05%
EBIT growth 5Y29.5%
EBIT Next Year31.46%
EBIT Next 3Y15.39%
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 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 20.69 and the Price/Book (PB) ratio is 4.19.
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 4.95% in the next year.