We’ve recently updated our valuation analysis.

Cathedral Energy Services Valuation

Is CET undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CET?

Other financial metrics that can be useful for relative valuation.

CET key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA12.8x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does CET's PE Ratio compare to its peers?

The above table shows the PE ratio for CET vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.3x
PHX PHX Energy Services
12.1x82.4%CA$395.3m
WRG Western Energy Services
4.5xn/aCA$118.8m
SDI Stampede Drilling
14.9xn/aCA$71.4m
STEP STEP Energy Services
5.8x14.9%CA$399.5m
CET Cathedral Energy Services
37.7x152.3%CA$263.1m

Price-To-Earnings vs Peers: CET is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the peer average (9.3x).


Price to Earnings Ratio vs Industry

How does CET's PE Ratio compare vs other companies in the North American Energy Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a55.4%
n/an/an/a

Price-To-Earnings vs Industry: CET is expensive based on its Price-To-Earnings Ratio (37.7x) compared to the North American Energy Services industry average (17x)


Price to Earnings Ratio vs Fair Ratio

What is CET's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CET PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.7x
Fair PE Ratio66.3x

Price-To-Earnings vs Fair Ratio: CET is good value based on its Price-To-Earnings Ratio (37.7x) compared to the estimated Fair Price-To-Earnings Ratio (66.3x).


Share Price vs Fair Value

What is the Fair Price of CET when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CET (CA$1.18) is trading below our estimate of fair value (CA$14.31)

Significantly Below Fair Value: CET is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CET forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$1.18
CA$2.34
+98.1%
6.5%CA$2.60CA$2.25n/a4
Nov ’23CA$1.06
CA$2.00
+88.7%
18.1%CA$2.50CA$1.65n/a3
Oct ’23CA$0.68
CA$1.73
+154.9%
3.6%CA$1.80CA$1.65n/a3
Sep ’23CA$0.62
CA$1.75
+182.3%
0%CA$1.75CA$1.75n/a1
Aug ’23CA$0.70
CA$1.75
+150.0%
0%CA$1.75CA$1.75n/a1
Jul ’23CA$0.50
CA$1.35
+170.0%
0%CA$1.35CA$1.35n/a1
Jun ’23CA$0.73
CA$1.20
+64.4%
0%CA$1.20CA$1.20n/a1
May ’23CA$0.69
CA$1.10
+59.4%
0%CA$1.10CA$1.10n/a1
Apr ’23CA$0.79
CA$1.10
+39.2%
0%CA$1.10CA$1.10n/a1
Mar ’23CA$0.78
CA$0.85
+9.0%
0%CA$0.85CA$0.85n/a1
Feb ’23CA$0.47
CA$0.75
+57.9%
0%CA$0.75CA$0.75n/a1
Jan ’23CA$0.38
CA$0.70
+84.2%
0%CA$0.70CA$0.70n/a1
Dec ’22CA$0.44
CA$0.70
+59.1%
0%CA$0.70CA$0.70n/a1
Nov ’22CA$0.48
CA$0.60
+23.7%
0%CA$0.60CA$0.60CA$1.061
Oct ’22CA$0.43
CA$0.60
+39.5%
0%CA$0.60CA$0.60CA$0.681
Sep ’22CA$0.42
CA$0.60
+42.9%
0%CA$0.60CA$0.60CA$0.621
Aug ’22CA$0.50
CA$0.55
+10.0%
0%CA$0.55CA$0.55CA$0.701
Jul ’22CA$0.49
CA$0.40
-18.4%
0%CA$0.40CA$0.40CA$0.501
Jun ’22CA$0.34
CA$0.35
+2.9%
0%CA$0.35CA$0.35CA$0.731
May ’22CA$0.30
CA$0.35
+16.7%
0%CA$0.35CA$0.35CA$0.691
Apr ’22CA$0.30
CA$0.45
+50.0%
0%CA$0.45CA$0.45CA$0.791
Mar ’22CA$0.32
CA$0.25
-21.9%
0%CA$0.25CA$0.25CA$0.781
Feb ’22CA$0.19
CA$0.25
+31.6%
0%CA$0.25CA$0.25CA$0.471
Jan ’22CA$0.18
CA$0.15
-18.9%
0%CA$0.15CA$0.15CA$0.381
Dec ’21CA$0.14
CA$0.15
+7.1%
0%CA$0.15CA$0.15CA$0.441
Nov ’21CA$0.12
CA$0.15
+25.0%
0%CA$0.15CA$0.15CA$0.481

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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