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CES Energy Solutions DB:7C4 Stock Report

Last Price


Market Cap







31 Jul, 2022


Company Financials +
7C4 fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance4/6
Financial Health3/6

7C4 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

Summary of all time highs, changes and price drops for CES Energy Solutions
Historical stock prices
Current Share PriceCA$1.91
52 Week HighCA$2.20
52 Week LowCA$0.94
1 Month Change13.69%
3 Month Change0.53%
1 Year Change78.51%
3 Year Change59.57%
5 Year Change-51.13%
Change since IPO-67.61%

Recent News & Updates

Shareholder Returns

7C4DE Energy ServicesDE Market

Return vs Industry: 7C4 exceeded the German Energy Services industry which returned 30.6% over the past year.

Return vs Market: 7C4 exceeded the German Market which returned -19.7% over the past year.

Price Volatility

Is 7C4's price volatile compared to industry and market?
7C4 volatility
7C4 Average Weekly Movement8.7%
Energy Services Industry Average Movement7.7%
Market Average Movement5.7%
10% most volatile stocks in DE Market10.5%
10% least volatile stocks in DE Market2.9%

Stable Share Price: 7C4 is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 7C4's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

19861,812Ken Zinger

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

How do CES Energy Solutions's earnings and revenue compare to its market cap?
7C4 fundamental statistics
Market CapCA$681.38m
Earnings (TTM)CA$55.01m
Revenue (TTM)CA$1.34b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
7C4 income statement (TTM)
Cost of RevenueCA$1.06b
Gross ProfitCA$276.15m
Other ExpensesCA$221.14m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)0.21
Gross Margin20.65%
Net Profit Margin4.11%
Debt/Equity Ratio89.6%

How did 7C4 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 7C4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 5/6

  • 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 7C4?

Other financial metrics that can be useful for relative valuation.

7C4 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/Revenue0.9x
Enterprise Value/EBITDA9.3x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 7C4's PE Ratio compare to its peers?

7C4 PE Ratio vs Peers
The above table shows the PE ratio for 7C4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.7x
VH2 Friedrich Vorwerk Group
ETG EnviTec Biogas
O2C Petro Welt Technologies
DR0 Deutsche Rohstoff
7C4 CES Energy Solutions

Price-To-Earnings vs Peers: 7C4 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (24.7x).

Price to Earnings Ratio vs Industry

How does 7C4's PE Ratio compare vs other companies in the European Energy Services Industry?

Price-To-Earnings vs Industry: 7C4 is expensive based on its Price-To-Earnings Ratio (12.4x) compared to the European Energy Services industry average (9.4x)

Price to Earnings Ratio vs Fair Ratio

What is 7C4'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.

7C4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ratio30.4x

Price-To-Earnings vs Fair Ratio: 7C4 is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (30.4x).

Share Price vs Fair Value

What is the Fair Price of 7C4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7C4 (€1.91) is trading below our estimate of fair value (€7.66)

Significantly Below Fair Value: 7C4 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.

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Future Growth

How is CES Energy Solutions forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7C4's forecast earnings growth (35.8% per year) is above the savings rate (-0.01%).

Earnings vs Market: 7C4's earnings (35.8% per year) are forecast to grow faster than the German market (7.9% per year).

High Growth Earnings: 7C4's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 7C4's revenue (10.6% per year) is forecast to grow faster than the German market (4.7% per year).

High Growth Revenue: 7C4's revenue (10.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 7C4's Return on Equity is forecast to be low in 3 years time (18.5%).

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Past Performance

How has CES Energy Solutions performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 7C4 has a high level of non-cash earnings.

Growing Profit Margin: 7C4's current net profit margins (4.1%) are higher than last year (1%).

Past Earnings Growth Analysis

Earnings Trend: 7C4 has become profitable over the past 5 years, growing earnings by -16.9% per year.

Accelerating Growth: 7C4's earnings growth over the past year (592.9%) exceeds its 5-year average (-16.9% per year).

Earnings vs Industry: 7C4 earnings growth over the past year (592.9%) exceeded the Energy Services industry -1.4%.

Return on Equity

High ROE: 7C4's Return on Equity (11.4%) is considered low.

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Financial Health

How is CES Energy Solutions's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 7C4's short term assets (CA$694.7M) exceed its short term liabilities (CA$208.0M).

Long Term Liabilities: 7C4's short term assets (CA$694.7M) exceed its long term liabilities (CA$469.7M).

Debt to Equity History and Analysis

Debt Level: 7C4's net debt to equity ratio (87.1%) is considered high.

Reducing Debt: 7C4's debt to equity ratio has increased from 58.3% to 89.6% over the past 5 years.

Debt Coverage: 7C4's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 7C4's interest payments on its debt are well covered by EBIT (3.5x coverage).

Balance Sheet

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What is CES Energy Solutions's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 7C4's dividend (2.41%) is higher than the bottom 25% of dividend payers in the German market (1.45%).

High Dividend: 7C4's dividend (2.41%) is low compared to the top 25% of dividend payers in the German market (4.5%).

Stability and Growth of Payments

Stable Dividend: 7C4's dividend payments have been volatile in the past 10 years.

Growing Dividend: 7C4's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (22.2%), 7C4's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: 7C4 is paying a dividend but the company has no free cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Ken Zinger





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 ($USD2.65M) is above average for companies of similar size in the German market ($USD1.18M).

Compensation vs Earnings: Ken's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: 7C4's management team is considered experienced (3.8 years average tenure).

Board Members

Experienced Board: 7C4's board of directors are considered experienced (4.2 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: 7C4 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: 7C4
  • Exchange: DB
  • Founded: 1986
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: CA$681.383m
  • Listing Market Cap: CA$521.221m
  • Shares outstanding: 256.16m
  • Website:

Number of Employees


  • CES Energy Solutions Corp.
  • 332-6th Avenue SW
  • Suite 1400
  • Calgary
  • Alberta
  • T2P 0B2
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/31 00:00
End of Day Share Price2022/07/29 00:00
Annual Earnings2021/12/31

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.