ACT Energy Technologies Future Growth

Future criteria checks 4/6

ACT Energy Technologies is forecast to grow earnings and revenue by 61.2% and 3.8% per annum respectively. EPS is expected to grow by 36% per annum. Return on equity is forecast to be 20.8% in 3 years.

Key information

61.2%

Earnings growth rate

36.0%

EPS growth rate

Energy Services earnings growth	19.7%
Revenue growth rate	3.8%
Future return on equity	20.8%
Analyst coverage	Low
Last updated	14 Aug 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:CETE.F - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	654	N/A	78	112	2
12/31/2025	608	72	64	110	4
12/31/2024	598	52	36	85	4
6/30/2024	586	24	15	76	N/A
3/31/2024	577	21	3	58	N/A
12/31/2023	545	11	24	70	N/A
9/30/2023	539	19	29	76	N/A
6/30/2023	509	22	38	79	N/A
3/31/2023	418	17	32	69	N/A
12/31/2022	319	18	12	40	N/A
9/30/2022	204	7	-4	17	N/A
6/30/2022	109	-1	-10	4	N/A
3/31/2022	86	-4	-13	-5	N/A
12/31/2021	63	-9	-9	-3	N/A
9/30/2021	46	-14	-8	-4	N/A
6/30/2021	31	-19	-2	1	N/A
3/31/2021	33	-17	1	3	N/A
12/31/2020	41	-28	-2	1	N/A
9/30/2020	52	-27	-1	1	N/A
6/30/2020	79	-27	-1	3	N/A
3/31/2020	102	-28	-2	4	N/A
12/31/2019	120	-19	-2	5	N/A
9/30/2019	144	-31	-3	8	N/A
6/30/2019	155	-24	-9	4	N/A
3/31/2019	158	-21	-15	1	N/A
12/31/2018	161	-17	-15	4	N/A
9/30/2018	156	-4	-17	1	N/A
6/30/2018	150	-5	-18	0	N/A
3/31/2018	149	-2	N/A	6	N/A
12/31/2017	147	0	N/A	3	N/A
9/30/2017	137	4	N/A	1	N/A
6/30/2017	120	0	N/A	-1	N/A
3/31/2017	100	-6	N/A	-1	N/A
12/31/2016	81	3	N/A	4	N/A
9/30/2016	48	0	N/A	6	N/A
6/30/2016	60	-8	N/A	11	N/A
3/31/2016	75	-17	N/A	8	N/A
12/31/2015	106	-29	N/A	26	N/A
9/30/2015	184	-23	N/A	36	N/A
6/30/2015	230	-8	N/A	46	N/A
3/31/2015	257	7	N/A	57	N/A
12/31/2014	275	10	N/A	37	N/A
9/30/2014	267	-3	N/A	31	N/A
6/30/2014	250	-1	N/A	25	N/A
3/31/2014	239	-1	N/A	20	N/A
12/31/2013	225	-2	N/A	14	N/A
9/30/2013	204	11	N/A	12	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CETE.F's forecast earnings growth (61.2% per year) is above the savings rate (2.5%).

Earnings vs Market: CETE.F's earnings (61.2% per year) are forecast to grow faster than the US market (15.2% per year).

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

Revenue vs Market: CETE.F's revenue (3.8% per year) is forecast to grow slower than the US market (8.7% per year).

High Growth Revenue: CETE.F's revenue (3.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CETE.F's Return on Equity is forecast to be high in 3 years time (20.8%)

ACT Energy Technologies Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Recent updates

ACT Energy Technologies Ltd. Reports Unaudited Consolidated Impairment Results for the Second Quarter Ended June 30, 2024

Cathedral Energy Services Ltd. Appoints Daniel Adams to Its Board of Directors and Audit Committee

Cathedral Energy Services Ltd. Reports Write-Off of Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2023

Cathedral Energy Services Ltd., Annual General Meeting, May 09, 2024

Cathedral Energy Services Ltd. Announces Resignation of James R. (J.R.) Boyles as Director, Effective November 10, 2023

Cathedral Energy Services Ltd. (TSX:CET) acquired Rime Downhole Technologies, LLC for $41 million.

Cathedral Energy Services Ltd. Names Mike Hearn as Senior Vice-President, Corporate Development

Cathedral Energy Services Ltd. (TSX:CET) acquired Operating Assets and Drilling Business of Ensign Drilling Inc. for CAD 5 million.

Cathedral Energy Services Appoints Rod Maxwell as Executive Chair

Cathedral Energy Services Ltd. Announces Executive Changes

Cathedral Energy Services Ltd. (TSX:CET) completed the acquisition of Drilling services business of Altitude Energy Partners, LLC for $88.7 million.

Cathedral Energy Services Ltd. (TSX:CET) completed the acquisition of Drilling services business of Altitude Energy Partners, LLC for $88.7 million.

Cathedral Energy Services Ltd. (TSX:CET) agreed to acquire Drilling services business of Altitude Energy Partners, LLC from Altitude Energy Partners, LLC for approximately $89 million.

Cathedral Energy Services Ltd. (TSX:CET) acquired Operating Assets of Compass Directional Services Ltd. for CAD 9.3 million.

Cathedral Energy Services Ltd. (TSX:CET) acquired 90.98% stake in LEXA Drilling Technologies Inc. for CAD 1 million.

Cathedral Energy Services Ltd. has completed a Composite Units Offering in the amount of CAD 34.95069 million.

Cathedral Energy Services Ltd. has completed a Composite Units Offering in the amount of CAD 34.95069 million.

Cathedral Energy Services Ltd. (TSX:CET) acquired operating assets of Discovery Downhole Services from Discovery Downhole Services, Inc. for CAD 20.8 million.

Cathedral Energy Services Ltd. (TSX:CET) acquired Operating assets from Valiant Energy Services, LLC for CAD 1.5 million.

Cathedral Energy Services Ltd. announced that it has received CAD 3.163625 million in funding

Cathedral Energy Services Ltd. announced that it expects to receive CAD 3.163625 million in funding

Cathedral Energy Services Ltd., Annual General Meeting, May 13, 2021

Cathedral Energy Services Ltd. Announces Management Changes

Cathedral Energy Services Ltd. Announces Resignation of P. Scott Macfarlane as Chief Executive Officer with a Timeline of April 2021

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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