CES Energy Solutions Valuation
Is CEU undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
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$9.73) is trading below our estimate of fair value (CA$19.92)
Significantly Below Fair Value: CEU is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CEU?
Key metric: As CEU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is CEU's PE Ratio? | |
|---|---|
| PE Ratio | 11.1x |
| Earnings | CA$198.44m |
| Market Cap | CA$2.16b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.1x |
| Enterprise Value/EBITDA | 8.9x |
| PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does CEU's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 17x | ||
TVK TerraVest Industries | 36.5x | 21.1% | CA$2.4b |
PSI Pason Systems | 10.3x | -6.1% | CA$1.2b |
TCW Trican Well Service | 8.3x | -1.9% | CA$915.2m |
NOA North American Construction Group | 12.9x | 36.4% | CA$736.9m |
CEU CES Energy Solutions | 10.9x | 5.6% | CA$2.0b |
Price-To-Earnings vs Peers: CEU is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (17x).
Price to Earnings Ratio vs Industry
How does CEU's PE Ratio compare vs other companies in the CA Energy Services Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
SHLE Source Energy Services | 1.4x | -33.7% | US$158.89m |
| 1 Company | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: CEU is good value based on its Price-To-Earnings Ratio (11.1x) compared to the North American Energy Services industry average (12.9x).
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 | 11.1x |
| Fair PE Ratio | 11.4x |
Price-To-Earnings vs Fair Ratio: CEU is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.4x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CA$9.73 | CA$10.88 +11.8% | 6.3% | CA$12.00 | CA$10.00 | n/a | 8 |
| Nov ’25 | CA$8.05 | CA$10.41 +29.3% | 8.2% | CA$12.00 | CA$9.00 | n/a | 8 |
| Oct ’25 | CA$7.52 | CA$10.19 +35.5% | 8.4% | CA$12.00 | CA$9.00 | n/a | 8 |
| Sep ’25 | CA$8.00 | CA$10.22 +27.7% | 8.6% | CA$12.00 | CA$9.00 | n/a | 8 |
| Aug ’25 | CA$8.20 | CA$9.22 +12.4% | 7.6% | CA$10.50 | CA$8.50 | n/a | 8 |
| Jul ’25 | CA$7.70 | CA$8.75 +13.6% | 10.3% | CA$10.50 | CA$7.00 | n/a | 8 |
| Jun ’25 | CA$7.22 | CA$8.47 +17.3% | 6.9% | CA$9.00 | CA$7.00 | n/a | 9 |
| May ’25 | CA$5.67 | CA$6.73 +18.8% | 9.6% | CA$8.00 | CA$5.85 | n/a | 9 |
| Apr ’25 | CA$4.82 | CA$5.71 +18.4% | 9.2% | CA$6.75 | CA$4.75 | n/a | 9 |
| Mar ’25 | CA$4.77 | CA$5.59 +17.2% | 9.4% | CA$6.75 | CA$4.75 | n/a | 9 |
| Feb ’25 | CA$4.01 | CA$4.98 +24.1% | 3.3% | CA$5.30 | CA$4.75 | n/a | 8 |
| Jan ’25 | CA$3.45 | CA$4.98 +44.2% | 4.1% | CA$5.30 | CA$4.75 | n/a | 8 |
| Dec ’24 | CA$3.47 | CA$5.04 +45.2% | 5.3% | CA$5.50 | CA$4.75 | n/a | 8 |
| Nov ’24 | CA$3.71 | CA$4.78 +28.9% | 6.1% | CA$5.25 | CA$4.25 | CA$8.05 | 8 |
| Oct ’24 | CA$3.85 | CA$4.69 +21.8% | 7.4% | CA$5.00 | CA$4.00 | CA$7.52 | 8 |
| Sep ’24 | CA$3.70 | CA$4.44 +19.9% | 7.8% | CA$5.00 | CA$4.00 | CA$8.00 | 8 |
| Aug ’24 | CA$2.84 | CA$4.08 +43.5% | 10.7% | CA$4.75 | CA$3.50 | CA$8.20 | 10 |
| Jul ’24 | CA$2.62 | CA$4.08 +55.5% | 12.3% | CA$5.00 | CA$3.50 | CA$7.70 | 10 |
| Jun ’24 | CA$2.42 | CA$4.10 +69.4% | 11.7% | CA$5.00 | CA$3.50 | CA$7.22 | 10 |
| May ’24 | CA$2.58 | CA$4.34 +68.0% | 10.8% | CA$5.00 | CA$3.75 | CA$5.67 | 10 |
| Apr ’24 | CA$2.68 | CA$4.51 +68.3% | 12.9% | CA$5.50 | CA$3.75 | CA$4.82 | 10 |
| Mar ’24 | CA$3.01 | CA$4.46 +48.0% | 13.4% | CA$5.50 | CA$3.50 | CA$4.77 | 9 |
| Feb ’24 | CA$2.87 | CA$4.41 +53.7% | 13.2% | CA$5.50 | CA$3.50 | CA$4.01 | 10 |
| Jan ’24 | CA$2.76 | CA$4.49 +62.5% | 12.5% | CA$5.50 | CA$3.50 | CA$3.45 | 10 |
| Dec ’23 | CA$2.88 | CA$4.49 +55.7% | 12.5% | CA$5.50 | CA$3.50 | CA$3.47 | 10 |
| Nov ’23 | CA$2.90 | CA$4.23 +45.7% | 16.6% | CA$5.50 | CA$3.50 | CA$3.71 | 10 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Precision Drilling
CA$1.2b
A drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East.
PD
CA$91.07
7D
4.5%
1Y
18.2%
Saturn Oil & Gas
CA$432.2m
Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.
SOIL
CA$2.19
7D
5.8%
1Y
0%
Alvopetro Energy
CA$173.2m
Operates as an independent upstream and midstream operator.
ALV
CA$4.64
7D
-3.9%
1Y
-38.5%