| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
CEU Stock Overview
CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals.
CES Energy Solutions Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$2.65 |
| 52 Week High | CA$3.11 |
| 52 Week Low | CA$1.36 |
| Beta | 2.6 |
| 1 Month Change | 16.23% |
| 3 Month Change | 13.73% |
| 1 Year Change | 72.08% |
| 3 Year Change | 48.88% |
| 5 Year Change | -49.81% |
| Change since IPO | 137.31% |
Recent News & Updates
Shareholder Returns
| CEU | CA Energy Services | CA Market | |
|---|---|---|---|
| 7D | 2.3% | -0.7% | 1.9% |
| 1Y | 72.1% | 21.3% | -1.1% |
Return vs Industry: CEU exceeded the Canadian Energy Services industry which returned 22.2% over the past year.
Return vs Market: CEU exceeded the Canadian Market which returned -2% over the past year.
Price Volatility
| CEU volatility | |
|---|---|
| CEU Average Weekly Movement | 9.0% |
| Energy Services Industry Average Movement | 8.7% |
| Market Average Movement | 10.8% |
| 10% most volatile stocks in CA Market | 19.4% |
| 10% least volatile stocks in CA Market | 4.3% |
Stable Share Price: CEU is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: CEU's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 1,812 | Ken Zinger | https://www.cesenergysolutions.com |
CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company’s solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.
CES Energy Solutions Fundamentals Summary
| CEU fundamental statistics | |
|---|---|
| Market Cap | CA$678.82m |
| Earnings (TTM) | CA$55.01m |
| Revenue (TTM) | CA$1.34b |
12.3x
P/E Ratio0.5x
P/S RatioIs CEU overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CEU income statement (TTM) | |
|---|---|
| Revenue | CA$1.34b |
| Cost of Revenue | CA$1.06b |
| Gross Profit | CA$276.15m |
| Other Expenses | CA$221.14m |
| Earnings | CA$55.01m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 11, 2022
| Earnings per share (EPS) | 0.21 |
| Gross Margin | 20.65% |
| Net Profit Margin | 4.11% |
| Debt/Equity Ratio | 89.6% |
How did CEU perform over the long term?
See historical performance and comparisonDividends
2.4%
Current Dividend Yield22%
Payout RatioValuation
Is CEU undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
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 CEU?
Other financial metrics that can be useful for relative valuation.
| What is CEU's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CA$678.82m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.9x |
| Enterprise Value/EBITDA | 9.2x |
| PEG Ratio | 0.3x |
Price to Earnings Ratio vs Peers
How does CEU's PE Ratio compare to its peers?
| CEU PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 16.5x | ||
TCW Trican Well Service | 25.7x | 37.7% | CA$863.4m |
CMG Computer Modelling Group | 18.9x | 10.0% | CA$347.8m |
NOA North American Construction Group | 8.3x | 11.9% | CA$416.9m |
TVK TerraVest Industries | 13.1x | n/a | CA$432.6m |
CEU CES Energy Solutions | 12.3x | 35.8% | CA$678.8m |
Price-To-Earnings vs Peers: CEU is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (16.5x).
Price to Earnings Ratio vs Industry
How does CEU's PE Ratio compare vs other companies in the North American Energy Services Industry?
Price-To-Earnings vs Industry: CEU is good value based on its Price-To-Earnings Ratio (12.3x) compared to the Canadian Energy Services industry average (16x)
Price to Earnings Ratio vs Fair Ratio
What is CEU'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 12.3x |
| Fair PE Ratio | 19.3x |
Price-To-Earnings vs Fair Ratio: CEU is good value based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).
Share Price vs Fair Value
What is the Fair Price of CEU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CEU (CA$2.65) is trading below our estimate of fair value (CA$10.7)
Significantly Below Fair Value: CEU 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?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
Discover undervalued companies
Future Growth
How is CES Energy Solutions forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
35.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CEU's forecast earnings growth (35.8% per year) is above the savings rate (1.6%).
Earnings vs Market: CEU's earnings (35.8% per year) are forecast to grow faster than the Canadian market (7.8% per year).
High Growth Earnings: CEU's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CEU's revenue (10.3% per year) is forecast to grow faster than the Canadian market (6.3% per year).
High Growth Revenue: CEU's revenue (10.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CEU's Return on Equity is forecast to be low in 3 years time (18.5%).
Discover growth companies
Past Performance
How has CES Energy Solutions performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-16.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEU has a high level of non-cash earnings.
Growing Profit Margin: CEU's current net profit margins (4.1%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: CEU has become profitable over the past 5 years, growing earnings by -16.9% per year.
Accelerating Growth: CEU's earnings growth over the past year (592.9%) exceeds its 5-year average (-16.9% per year).
Earnings vs Industry: CEU earnings growth over the past year (592.9%) exceeded the Energy Services industry -8.8%.
Return on Equity
High ROE: CEU's Return on Equity (11.4%) is considered low.
Discover strong past performing companies
Financial Health
How is CES Energy Solutions's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: CEU's short term assets (CA$694.7M) exceed its short term liabilities (CA$208.0M).
Long Term Liabilities: CEU's short term assets (CA$694.7M) exceed its long term liabilities (CA$469.7M).
Debt to Equity History and Analysis
Debt Level: CEU's net debt to equity ratio (87.1%) is considered high.
Reducing Debt: CEU's debt to equity ratio has increased from 58.3% to 89.6% over the past 5 years.
Debt Coverage: CEU's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CEU's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is CES Energy Solutions's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
2.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CEU's dividend (2.42%) is higher than the bottom 25% of dividend payers in the Canadian market (1.93%).
High Dividend: CEU's dividend (2.42%) is low compared to the top 25% of dividend payers in the Canadian market (5.39%).
Stability and Growth of Payments
Stable Dividend: CEU's dividend payments have been volatile in the past 10 years.
Growing Dividend: CEU's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (22.2%), CEU's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: CEU is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Ken Zinger
0.83
Tenure
CA$3,395,786
Compensation
Mr. Kenneth E. Zinger, also known as Ken, has been President and Chief Executive Officer at CES Energy Solutions Corp. since October 15, 2021 and also has been its Director since October 29, 2021. He serve...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD2.66M) is above average for companies of similar size in the Canadian market ($USD1.19M).
Compensation vs Earnings: Ken's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: CEU's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: CEU's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CEU insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CES Energy Solutions Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: CES Energy Solutions Corp.
- Ticker: CEU
- Exchange: TSX
- Founded: 1986
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: CA$678.821m
- Shares outstanding: 256.16m
- Website: https://www.cesenergysolutions.com
Number of Employees
Location
- CES Energy Solutions Corp.
- 332-6th Avenue SW
- Suite 1400
- Calgary
- Alberta
- T2P 0B2
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/10 00:00 |
| End of Day Share Price | 2022/08/10 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.