Executive Summary
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has CES Energy Solutions's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CEU's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-4.1%
CEU
-6.9%
CA Energy Services
-8.1%
CA Market
1 Year Return
-61.1%
CEU
-55.0%
CA Energy Services
-60.7%
CA Market
Return vs Industry: CEU underperformed the Canadian Energy Services industry which returned -55% over the past year.
Return vs Market: CEU matched the Canadian Market which returned -60.7% over the past year.
Shareholder returns
| CEU | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -6.9% | -8.1% |
| 30 Day | -10.3% | -1.8% | -6.7% |
| 90 Day | -24.7% | -7.7% | -26.5% |
| 1 Year | -60.6%-61.1% | -52.9%-55.0% | -59.0%-60.7% |
| 3 Year | -89.8%-90.3% | -75.3%-77.6% | -60.3%-64.4% |
| 5 Year | -85.7%-86.6% | -70.3%-74.9% | -51.7%-59.4% |
Price Volatility Vs. Market
How volatile is CES Energy Solutions's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do Institutions Own CES Energy Solutions Corp. (TSE:CEU) Shares?1 month ago | Simply Wall St
Thomas Simons Is The President of CES Energy Solutions Corp. (TSE:CEU) And They Just Picked Up 2.8% More Shares1 month ago | Simply Wall St
Have Insiders Been Selling CES Energy Solutions Corp. (TSE:CEU) Shares?Valuation
Is CES Energy Solutions undervalued compared to its fair value and its price relative to the market?
0.4x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: CEU (CA$0.7) is trading above our estimate of fair value (CA$0.41)
Significantly Below Fair Value: CEU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CEU is unprofitable, so we can't compare its PE Ratio to the CA Energy Services industry average.
PE vs Market: CEU is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CEU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CEU's PB Ratio (0.4x) is in line with the CA Energy Services industry average.
Next Steps
Future Growth
How is CES Energy Solutions forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
81.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CEU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CEU is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CEU's is expected to become profitable in the next 3 years.
Revenue vs Market: CEU's revenue (7% per year) is forecast to grow slower than the Canadian market (7.3% per year).
High Growth Revenue: CEU's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CEU is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has CES Energy Solutions performed over the past 5 years?
0.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEU is currently unprofitable.
Growing Profit Margin: CEU is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CEU is unprofitable, but has reduced losses over the past 5 years at a rate of 0.5% per year.
Accelerating Growth: Unable to compare CEU's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CEU is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-5.1%).
Return on Equity
High ROE: CEU has a negative Return on Equity (-49.32%), as it is currently unprofitable.
Next Steps
Financial Health
How is CES Energy Solutions's financial position?
Financial Position Analysis
Short Term Liabilities: CEU's short term assets (CA$355.9M) exceed its short term liabilities (CA$77.9M).
Long Term Liabilities: CEU's short term assets (CA$355.9M) exceed its long term liabilities (CA$306.5M).
Debt to Equity History and Analysis
Debt Level: CEU's debt to equity ratio (60.9%) is considered high.
Reducing Debt: CEU's debt to equity ratio has increased from 51.1% to 60.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CEU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CEU is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.7% per year.
Next Steps
Dividend
What is CES Energy Solutions's current dividend yield, its reliability and sustainability?
1.02%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CEU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CEU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CEU's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CEU's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CEU is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CEU's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Tom Simons (50 yo)
14.58yrs
Tenure
CA$3,496,778
Compensation
Mr. Thomas J. Simons, also known as Tom, has been the Chief Executive Officer and President at Canadian Energy Services Inc. since March 2006 and CES Energy Solutions Corp. (formerly known as Canadian Ener ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD2.62M) is above average for companies of similar size in the Canadian market ($USD174.80K).
Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.58yrs | CA$3.50m | 1.11% CA$ 2.0m | |
| Chief Financial Officer | 2yrs | CA$1.86m | 0.063% CA$ 116.1k | |
| COO & President of Canadian Operations | 14.75yrs | CA$2.72m | 0.65% CA$ 1.2m | |
| President of US Production Chemicals | 2.17yrs | CA$2.74m | 0.91% CA$ 1.7m | |
| President of US Drilling Fluids | 6.75yrs | CA$2.71m | 0.17% CA$ 303.3k | |
| Director of Legal | no data | no data | no data | |
| Corporate Secretary | 6.75yrs | no data | 0.016% CA$ 28.9k |
6.8yrs
Average Tenure
Experienced Management: CEU's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.58yrs | CA$3.50m | 1.11% CA$ 2.0m | |
| Independent Director | 1.83yrs | CA$75.00k | 0.030% CA$ 54.4k | |
| Independent Director | 14.83yrs | CA$157.50k | 0.32% CA$ 595.6k | |
| Independent Chairman of the Board | no data | CA$258.00k | 0.62% CA$ 1.1m | |
| Independent Director | 3.08yrs | CA$154.00k | 0.048% CA$ 87.7k | |
| Independent Director | 5.42yrs | CA$162.50k | 0.069% CA$ 125.9k |
5.4yrs
Average Tenure
62yo
Average Age
Experienced Board: CEU's board of directors are considered experienced (5.4 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 company bio, 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
- Market Cap: CA$183.798m
- Shares outstanding: 262.57m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CEU | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Mar 2006 |
| CESD.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Mar 2006 |
| 7C4 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Mar 2006 |
Biography
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. It provides solutions at the drill-bit, at the point of complet ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 03:24 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.