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

TSX:CEU • CA15713J1049

16.44 CAD
+0.3 (+1.86%)
Last: Feb 24, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

CEU gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals 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. This makes CEU very considerable 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.
  • Of the past 5 years CEU 4 years were profitable.
  • In multiple years CEU reported negative operating cash flow during the last 5 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

  • The Return On Assets of CEU (10.98%) is better than 85.19% of its industry peers.
  • Looking at the Return On Equity, with a value of 22.06%, CEU belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 16.80%, CEU belongs to the top of the industry, outperforming 92.59% of the companies in the same industry.
  • 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 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

  • Looking at the Profit Margin, with a value of 7.32%, CEU is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CEU has grown nicely.
  • With a decent Operating Margin value of 10.95%, CEU is doing good in 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.
  • In the last couple of years the Gross Margin of CEU has grown nicely.
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.
  • CEU has less shares outstanding than it did 1 year ago.
  • 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.
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

  • An Altman-Z score of 5.16 indicates that CEU is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 5.16, CEU belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
  • 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.
  • CEU has a Debt/Equity ratio of 0.57. This is a neutral value indicating 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 44.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 3.64
Altman-Z 5.16
ROIC/WACC2.08
WACC8.07%
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

  • A Current Ratio of 3.02 indicates that CEU has no problem at all paying its short term obligations.
  • CEU has a Current ratio of 3.02. This is amongst the best in the industry. CEU outperforms 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.
  • The Quick ratio of CEU (1.74) is better than 70.37% of its industry peers.
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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • CEU shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.02%.
  • 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.
  • CEU shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.00% yearly.
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 12.84% on average per year.
  • 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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 500M 1B 1.5B 2B 2.5B
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

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3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.08 indicates a rather expensive valuation of CEU.
  • Compared to the rest of the industry, the Price/Earnings ratio of CEU is on the same level as its industry peers.
  • CEU is valuated rather cheaply when we compare the Price/Earnings ratio to 26.98, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 16.49, CEU is valued correctly.
  • CEU's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of CEU to the average of the S&P500 Index (28.01), we can say CEU is valued slightly cheaper.
Industry RankSector Rank
PE 21.08
Fwd PE 16.49
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 77.78% of the companies in the same industry.
  • CEU's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 25.17
EV/EBITDA 10.69
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)4.26
PEG (5Y)0.43
EPS Next 2Y10.94%
EPS Next 3Y11.87%

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 1.09%.
  • CEU's Dividend Yield is a higher than the industry average which is at 1.12.
  • Compared to the average S&P500 Dividend Yield of 1.81, CEU is paying slightly less dividend.
Industry RankSector 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
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

  • CEU pays out 18.25% of its income as dividend. This is a 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%
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

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CES ENERGY SOLUTIONS CORP

TSX:CEU (2/24/2026, 7:00:00 PM)

16.44

+0.3 (+1.86%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-13
Earnings (Next)03-10
Inst Owners40.95%
Inst Owner ChangeN/A
Ins Owners3.16%
Ins Owner ChangeN/A
Market Cap3.45B
Revenue(TTM)2.44B
Net Income(TTM)178.28M
Analysts78.18
Price Target15.24 (-7.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector Rank
PE 21.08
Fwd PE 16.49
P/S 1.42
P/FCF 25.17
P/OCF 14.38
P/B 4.27
P/tB 4.92
EV/EBITDA 10.69
EPS(TTM)0.78
EY4.74%
EPS(NY)1
Fwd EY6.06%
FCF(TTM)0.65
FCFY3.97%
OCF(TTM)1.14
OCFY6.95%
SpS11.6
BVpS3.85
TBVpS3.34
PEG (NY)4.26
PEG (5Y)0.43
Graham Number8.22
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 5.16
F-Score5
WACC8.07%
ROIC/WACC2.08
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 21.08 and the Price/Book (PB) ratio is 4.27.


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.