CEU Stock Analysis: CES Energy Solutions | TO
Oil & Gas Equipment & Services | TO, Canada | Market Cap: 4.203m CAD | 12M Return: 123.3% | CA15713J1049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.0M
EPS Trend: 88.1%
Qual. Beats: -1
Rev. Trend: 98.3%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CES Energy Solutions designs, manufactures and supplies specialty chemicals and fluid systems for oil and natural gas operations in Canada and the United States. Its products support drilling, completions, production, pipelines and midstream activities, including corrosion control, scale inhibition and water treatment.
The company also provides product transport, water management, environmental and laboratory services. Its business combines consumable chemical products with related field services for energy producers.
- North American drilling activity drives drilling-fluid and completion-chemical volumes
- Production-chemical demand tracks oilfield output, supporting steadier revenue
- Free cash flow supports debt reduction and shareholder returns
| Net Income: 197.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 1.07 > 1.0 |
| NWC/Revenue: 26.60% < 20% (prev 25.97%; Δ 0.63% < -1%) |
| CFO/TA 0.16 > 3% & CFO 288.8m > Net Income 197.6m |
| Net Debt (585.4m) to EBITDA (417.8m): 1.40 < 3 |
| Current Ratio: 2.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (212.5m) vs 12m ago -5.27% < -2% |
| Gross Margin: 23.53% > 18% (prev 23.78%; Δ -0.24% > 0.5%) |
| Asset Turnover: 161.4% > 50% (prev 157.5%; Δ 3.89% > 0%) |
| Interest Coverage Ratio: 7.20 > 6 (EBIT TTM 307.8m / Interest Expense TTM 42.7m) |
| A: 0.40 (Total Current Assets 1.13b - Total Current Liabilities 420.4m) / Total Assets 1.79b |
| B: 0.14 (Retained Earnings 255.9m / Total Assets 1.79b) |
| C: 0.19 (EBIT TTM 307.8m / Avg Total Assets 1.66b) |
| D: 0.98 (Book Value of Equity 883.7m / Total Liabilities 905.8m) |
| Altman-Z'' = 5.35 = AAA |
| DSRI: 1.14 (Receivables 569.9m/449.5m, Revenue 2.68b/2.42b) |
| GMI: 1.01 (GM 23.78% / 23.53%) |
| AQI: 0.90 (AQ_t 0.08 / AQ_t-1 0.09) |
| SGI: 1.11 (Revenue 2.68b / 2.42b) |
| TATA: -0.05 (NI 197.6m - CFO 288.8m) / TA 1.79b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of October 29, 2026, the stock is trading at CAD 20.88 with a total of 461,156 shares traded. Over the past week, the price has changed by +1.66%, over one month by +16.16%, over three months by +22.48% and over the past year by +123.33%.
Current recommended Stop Loss: 20.00 (which is 4.2% or 1.3 ATR below the current price).
CES Energy Solutions has no consensus analysts rating.
P/E Trailing = 22.2667
P/E Forward = 10.4167
P/S = 1.5664
P/B = 2.6298
P/EG = 1.2764
Revenue TTM = 2.68b CAD
EBIT TTM = 307.8m CAD
EBITDA TTM = 417.8m CAD
Long Term Debt = 393.0m CAD (from longTermDebt, last quarter)
Short Term Debt = 40.6m CAD (from shortTermDebt, last quarter)
Debt = 585.4m CAD (from shortLongTermDebtTotal, last quarter) + Leases 96.2m
Net Debt = 585.4m CAD (using Total Debt 585.4m, CCE unavailable)
Enterprise Value = 4.79b CAD (4.20b + Debt 585.4m - (null CCE))
Interest Coverage Ratio = 7.20 (Ebit TTM 307.8m / Interest Expense TTM 42.7m)
EV/FCF = 24.20x (Enterprise Value 4.79b / FCF TTM 197.8m)
FCF Yield = 4.13% (FCF TTM 197.8m / Enterprise Value 4.79b)
FCF Margin = 7.37% (FCF TTM 197.8m / Revenue TTM 2.68b)
Net Margin = 7.36% (Net Income TTM 197.6m / Revenue TTM 2.68b)
Gross Margin = 23.53% ((Revenue TTM 2.68b - Cost of Revenue TTM 2.05b) / Revenue TTM)
Gross Margin QoQ = 23.63% (prev 23.05%)
Tobins Q-Ratio = 2.68 (Enterprise Value 4.79b / Total Assets 1.79b)
Interest Expense / Debt = 7.30% (Interest Expense 42.7m / Debt 585.4m)
Taxrate = 21.82% (55.2m / 252.7m)
NOPAT = 240.6m (EBIT 307.8m * (1 - 21.82%))
Current Ratio = 2.70 (Total Current Assets 1.13b / Total Current Liabilities 420.4m)
Debt / Equity = 0.66 (Debt 585.4m / totalStockholderEquity, last quarter 883.7m)
Debt / EBITDA = 1.40 (Net Debt 585.4m / EBITDA 417.8m)
Debt / FCF = 2.96 (Net Debt 585.4m / FCF TTM 197.8m)
Total Stockholder Equity = 834.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.89% (Net Income 197.6m / Total Assets 1.79b)
RoE = 23.68% (Net Income TTM 197.6m / Total Stockholder Equity 834.2m)
RoCE = 25.08% (EBIT 307.8m / Capital Employed (Equity 834.2m + L.T.Debt 393.0m))
RoIC = 17.07% (NOPAT 240.6m / Invested Capital 1.41b)
WACC = 6.53% (E(4.20b)/V(4.79b) * Re(6.64%) + D(585.4m)/V(4.79b) * Rd(7.30%) * (1-Tc(0.22)))
Discount Rate = 6.64% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.68 | Cagr: -5.09%
[DCF] Terminal Value 77.97% ; FCFF base≈180.0m ; Y1≈206.4m ; Y5≈303.8m
[DCF] Fair Price = 19.00 (EV 4.57b - Net Debt 585.4m = Equity 3.99b / Shares 209.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 88.07 | EPS CAGR: 17.10% | SUE: -0.94 | # QB: -1
Revenue Correlation: 98.27 | Revenue CAGR: 7.66% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.31 | Chg30d=+3.33% | Revisions=+25% | Analysts=5
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=+0.24% | Revisions=-44% | GrowthEPS=+12.6% | GrowthRev=+16.2%
EPS next Year (2027-12-31): EPS=1.32 | Chg30d=+0.38% | Revisions=+44% | GrowthEPS=+27.5% | GrowthRev=+7.8%
[Analyst] Revisions Ratio: +6% (up=7, down=6)