Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Theresa Roessel was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 18
CES Energy Solutions Corp. Announces Appointment of Theresa Roessel as Director and Audit Committee Member, Effective April 16, 2026 CES Energy Solutions Corp. announced the appointment of Ms. Theresa Roessel to the Board of Directors and Audit Committee, effective April 16, 2026. Ms. Roessel is a designated CPA and has over 30 years of executive, finance and audit experience across energy, healthcare and not-for-profit organizations. Ms. Roessel currently serves as a director and member of the audit committee for Athabasca Oil Corporation and served as Chief Financial Officer of Canada Diagnostic Centres. She has also held senior finance leadership roles including Vice President and Controller at Nexen Energy ULC and held the role of Chief Financial Officer of the Calgary Zoo. Her public accounting career at Collins Barrow and Ernst and Young included audit, review, and tax services across multiple industries and her not-for-profit experience includes serving on the Board of Directors of the Canadian Red Cross, and previously as a Commissioner with the Calgary Police Commission. Tillkännagivande • Apr 14
CES Energy Solutions Corp. to Report Q1, 2026 Results on May 08, 2026 CES Energy Solutions Corp. announced that they will report Q1, 2026 results on May 08, 2026 Tillkännagivande • Apr 08
CES Energy Solutions Corp., Annual General Meeting, Jun 15, 2026 CES Energy Solutions Corp., Annual General Meeting, Jun 15, 2026. Tillkännagivande • Mar 11
CES Energy Solutions Corp. Approves Quarterly Dividend, Payable on April 15, 2026 On March 10, 2026, CES Energy Solutions Corp.'s Board of Directors approved an increase to the quarterly dividend from $0.0425 per share to $0.055 per share, which will be paid on April 15, 2026, to the shareholders of record at the close of business on March 31, 2026. Tillkännagivande • Feb 13
CES Energy Solutions Corp. to Report Q4, 2025 Results on Mar 10, 2026 CES Energy Solutions Corp. announced that they will report Q4, 2025 results After-Market on Mar 10, 2026 Tillkännagivande • Nov 16
Ces Energy Solutions Corp. Approves Quarterly Dividend, Payable on January 15, 2025 CES Energy Solutions Corp. approved quarterly dividend, payable on January 15, 2025. For the period, the company reported dividend of $0.0425 per share with record date of December 31, 2025. Tillkännagivande • Oct 10
CES Energy Solutions Corp. to Report Q3, 2025 Results on Nov 14, 2025 CES Energy Solutions Corp. announced that they will report Q3, 2025 results at 4:00 PM, Eastern Standard Time on Nov 14, 2025 Tillkännagivande • Aug 08
CES Energy Solutions Corp. Approves Quarterly Dividend, Payable on October 15, 2025 CES Energy Solutions Corp.'s Board of Directors also approved a quarterly dividend of $0.0425 per share, which will be paid on October 15, 2025, to the shareholders of record at the close of business on September 30, 2025. Tillkännagivande • Jul 11
CES Energy Solutions Corp. to Report Q2, 2025 Results on Aug 07, 2025 CES Energy Solutions Corp. announced that they will report Q2, 2025 results at 4:00 PM, Eastern Standard Time on Aug 07, 2025 Tillkännagivande • May 09
Ces Energy Solutions Corp. Approves Quarterly Dividend, Payable on July 15, 2025 CES Energy Solutions Corp. approved a quarterly dividend of $0.0425 per share, which will be paid on July 15, 2025, to the shareholders of record at the close of business on June 30, 2025. Tillkännagivande • Apr 18
CES Energy Solutions Corp. to Report Q1, 2025 Results on May 08, 2025 CES Energy Solutions Corp. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Tillkännagivande • Apr 09
CES Energy Solutions Corp., Annual General Meeting, Jun 17, 2025 CES Energy Solutions Corp., Annual General Meeting, Jun 17, 2025. Tillkännagivande • Mar 07
Ces Energy Solutions Corp. Increases Quarterly Dividend, Payable on April 15, 2025 CES Energy Solutions Corp. increased Quarterly Dividend, Payable on April 15, 2025. For the period, the company reported increase of dividend from $0.030 per share to $0.0425 per share, which will be paid to the shareholders on March 31, 2025. Tillkännagivande • Feb 07
CES Energy Solutions Corp. to Report Q4, 2024 Results on Mar 07, 2025 CES Energy Solutions Corp. announced that they will report Q4, 2024 results After-Market on Mar 07, 2025 Recent Insider Transactions • Nov 13
President of US Drilling Fluids recently sold €336k worth of stock On the 11th of November, James Strickland sold around 55k shares on-market at roughly €6.16 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €8.9m more than they bought in the last 12 months. Declared Dividend • Nov 11
Third quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.15 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.20 (up from CA$0.15 in 3Q 2023). Revenue: CA$606.5m (up 13% from 3Q 2023). Net income: CA$46.6m (up 21% from 3Q 2023). Profit margin: 7.7% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 07
CES Energy Solutions Corp. Approves Quarterly Dividend, Payable on January 15, 2025 CES Energy Solutions Corp.'s Board of Directors approved a quarterly dividend of $0.030 per share, which will be paid on January 15, 2025, to the shareholders of record at the close of business on December 31, 2024. Recent Insider Transactions • Oct 20
President of Sialco Materials Limited recently sold €161k worth of stock On the 15th of October, Michael Hallat sold around 31k shares on-market at roughly €5.18 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €8.5m more than they bought in the last 12 months. Tillkännagivande • Oct 11
CES Energy Solutions Corp. to Report Q3, 2024 Results on Nov 07, 2024 CES Energy Solutions Corp. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Recent Insider Transactions • Sep 29
Independent Director recently sold €1.4m worth of stock On the 26th of September, John Hooks sold around 300k shares on-market at roughly €4.80 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.5m more than they bought in the last 12 months. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%). Declared Dividend • Aug 15
Second quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.13 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.20 (up from CA$0.13 in 2Q 2023). Revenue: CA$553.2m (up 7.2% from 2Q 2023). Net income: CA$48.2m (up 42% from 2Q 2023). Profit margin: 8.7% (up from 6.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 12
CES Energy Solutions Corp. to Report Q2, 2024 Results on Aug 09, 2024 CES Energy Solutions Corp. announced that they will report Q2, 2024 results After-Market on Aug 09, 2024 Recent Insider Transactions • Jun 14
Independent Director recently sold €5.1m worth of stock On the 11th of June, Kyle Kitagawa sold around 1m shares on-market at roughly €4.76 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.5m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 335% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.05 per share. Declared Dividend • May 13
First quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: CA$0.23 (vs CA$0.13 in 1Q 2023) First quarter 2024 results: EPS: CA$0.23 (up from CA$0.13 in 1Q 2023). Revenue: CA$588.6m (up 5.5% from 1Q 2023). Net income: CA$54.5m (up 65% from 1Q 2023). Profit margin: 9.3% (up from 5.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year whereas the company’s share price has increased by 52% per year. Tillkännagivande • May 09
CES Energy Solutions Corp Approves Quarterly Dividend, Payable on July 15, 2024 CES Energy Solutions Corp. approved a quarterly dividend of $0.030 per share, which will be paid on July 15, 2024 to the shareholders of record at the close of business on June 28, 2024. Tillkännagivande • Apr 12
CES Energy Solutions Corp. to Report Q1, 2024 Results on May 08, 2024 CES Energy Solutions Corp. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Recent Insider Transactions • Apr 08
Independent Director recently sold €182k worth of stock On the 3rd of April, Kyle Kitagawa sold around 50k shares on-market at roughly €3.64 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €646k. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months. Tillkännagivande • Apr 06
CES Energy Solutions Corp., Annual General Meeting, Jun 18, 2024 CES Energy Solutions Corp., Annual General Meeting, Jun 18, 2024. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €3.70, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 287% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.76 per share. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.6%). Recent Insider Transactions • Mar 15
President recently sold €144k worth of stock On the 13th of March, Kenneth Zinger sold around 45k shares on-market at roughly €3.21 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €338k. Declared Dividend • Mar 07
Fourth quarter dividend of CA$0.03 announced Shareholders will receive a dividend of CA$0.03. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 2.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: CA$0.62 (vs CA$0.37 in FY 2022) Full year 2023 results: EPS: CA$0.62 (up from CA$0.37 in FY 2022). Revenue: CA$2.16b (up 13% from FY 2022). Net income: CA$154.6m (up 62% from FY 2022). Profit margin: 7.1% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 01
CES Energy Solutions Corp. Approves Quarterly Dividend, Payable on April 15, 2024 CES Energy Solutions Corp. approved a 20% increase to the quarterly dividend from $0.025 per share to $0.030 per share, resulting in an annualized dividend of $0.12 per share representing an implied yield of 3% and Payout Ratio of 12%. The increased dividend returns additional value to shareholders while preserving the strength of the Company's balance sheet and maintaining ample liquidity to fund capital allocation alternatives. The new dividend payment amount will be paid on the Company's next scheduled dividend payment of April 15, 2024 to the shareholders of record at the close of business on March 29, 2024. Tillkännagivande • Feb 09
CES Energy Solutions Corp. to Report Q4, 2023 Results on Mar 01, 2024 CES Energy Solutions Corp. announced that they will report Q4, 2023 results on Mar 01, 2024 Tillkännagivande • Dec 15
CES Energy Solutions Corp. Declares Cash Dividend, Payable on January 15, 2024 CES Energy Solutions Corp. announced that it will pay a cash dividend of $0.025 per common share on January 15, 2024 to the shareholders of record at the close of business on December 29, 2023. Recent Insider Transactions • Nov 17
President recently sold €86k worth of stock On the 15th of November, Kenneth Zinger sold around 34k shares on-market at roughly €2.57 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kenneth has been a net seller over the last 12 months, reducing personal holdings by €189k. Tillkännagivande • Oct 13
CES Energy Solutions Corp. to Report Q3, 2023 Results on Nov 09, 2023 CES Energy Solutions Corp. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Tillkännagivande • Sep 15
CES Energy Solutions Corp. Declares Cash Dividend, Payable on October 13, 2023 CES Energy Solutions Corp. announced that it will pay a cash dividend of $0.025 per common share on October 13, 2023 to the shareholders of record at the close of business on September 29, 2023. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.26, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 305% over the past three years. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CA$0.13 (vs CA$0.079 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.13 (up from CA$0.079 in 2Q 2022). Revenue: CA$515.8m (up 19% from 2Q 2022). Net income: CA$33.9m (up 69% from 2Q 2022). Profit margin: 6.6% (up from 4.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 15
CES Energy Solutions Corp. to Report Q2, 2023 Results on Aug 10, 2023 CES Energy Solutions Corp. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 10, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.025 per share at 3.9% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CA$0.13 (vs CA$0.04 in 1Q 2022) First quarter 2023 results: EPS: CA$0.13 (up from CA$0.04 in 1Q 2022). Revenue: CA$557.7m (up 39% from 1Q 2022). Net income: CA$33.0m (up 222% from 1Q 2022). Profit margin: 5.9% (up from 2.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 02
President of US Production Chemicals recently sold €533k worth of stock On the 29th of March, Vernon Disney sold around 300k shares on-market at roughly €1.78 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €298k more than they bought in the last 12 months. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.02 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.1%). Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: CA$0.37 (vs CA$0.20 in FY 2021) Full year 2022 results: EPS: CA$0.37 (up from CA$0.20 in FY 2021). Revenue: CA$1.92b (up 61% from FY 2021). Net income: CA$95.2m (up 91% from FY 2021). Profit margin: 5.0% (up from 4.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 10
CES Energy Solutions Corp. to Report Q4, 2022 Results on Mar 09, 2023 CES Energy Solutions Corp. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Mar 09, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.02 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.6%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: CA$0.095 (vs CA$0.052 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.095 (up from CA$0.052 in 3Q 2021). Revenue: CA$524.7m (up 67% from 3Q 2021). Net income: CA$24.5m (up 83% from 3Q 2021). Profit margin: 4.7% (up from 4.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: CA$0.10 (vs CA$0.052 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.10 (up from CA$0.052 in 3Q 2021). Revenue: CA$524.7m (up 67% from 3Q 2021). Net income: CA$24.5m (up 83% from 3Q 2021). Profit margin: 4.7% (up from 4.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 16
CES Energy Solutions Corp. Announces Cash Dividend, Payable on October 14, 2022 CES Energy Solutions Corp. announced that it will pay a cash dividend of $0.016 per common share on October 14, 2022 to the shareholders of record at the close of business on September 30, 2022. Reported Earnings • Aug 13
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CA$433.7m (up 71% from 2Q 2021). Net income: CA$20.1m (up 202% from 2Q 2021). Profit margin: 4.6% (up from 2.6% in 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 13% growth forecast for the industry in Germany. Tillkännagivande • Jul 15
CES Energy Solutions Corp. to Report Q2, 2022 Results on Aug 11, 2022 CES Energy Solutions Corp. announced that they will report Q2, 2022 results After-Market on Aug 11, 2022 Recent Insider Transactions • Jun 23
Independent Chairman recently bought €72k worth of stock On the 20th of June, Philip Scherman bought around 42k shares on-market at roughly €1.72 per share. This was the largest purchase by an insider in the last 3 months. This was Philip's only on-market trade for the last 12 months. Tillkännagivande • Jun 22
CES Energy Solutions Corp. Announces Cash Dividend, Payable on July 15, 2022 CES Energy Solutions Corp. announced that it will pay a cash dividend of $0.016 per common share on July 15, 2022 to the shareholders of record at the close of business on June 30, 2022. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.86, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: CA$0.04 (vs CA$0.02 in 1Q 2021) First quarter 2022 results: EPS: CA$0.04 (up from CA$0.02 in 1Q 2021). Revenue: CA$401.3m (up 54% from 1Q 2021). Net income: CA$10.3m (up 100% from 1Q 2021). Profit margin: 2.6% (up from 2.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 16% share price gain to €1.92, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Energy Services industry in Europe. Total returns to shareholders of 13% over the past three years. Recent Insider Transactions • Apr 02
President of US Production Chemicals recently sold €2.0m worth of stock On the 31st of March, Vernon Disney sold around 1m shares on-market at roughly €1.76 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.016 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 15 April 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.5%). Reported Earnings • Mar 12
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: CA$1.20b (up 35% from FY 2020). Net income: CA$49.9m (up CA$272.8m from FY 2020). Profit margin: 4.2% (up from net loss in FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 30%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 16% share price gain to €2.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 7.1% over the past three years. Tillkännagivande • Feb 11
CES Energy Solutions Corp. to Report Q4, 2021 Results on Mar 10, 2022 CES Energy Solutions Corp. announced that they will report Q4, 2021 results After-Market on Mar 10, 2022 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 18% share price gain to €1.64, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 21% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS CA$0.05 (vs CA$0.048 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$314.4m (up 89% from 3Q 2020). Net income: CA$13.4m (up CA$26.1m from 3Q 2020). Profit margin: 4.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Oct 03
President recently sold €1.2m worth of stock On the 29th of September, Thomas Simons sold around 1m shares on-market at roughly €1.19 per share. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 23% share price gain to €1.16, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Energy Services industry in Europe. Total loss to shareholders of 54% over the past three years. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.016 per share Eligible shareholders must have bought the stock before 28 September 2021. Payment date: 15 October 2021. Trailing yield: 4.3%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.8%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS CA$0.03 (vs CA$0.094 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$253.6m (up 59% from 2Q 2020). Net income: CA$6.67m (up CA$31.6m from 2Q 2020). Profit margin: 2.6% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jun 26
Independent Director recently bought €271k worth of stock On the 23rd of June, John Hooks bought around 200k shares on-market at roughly €1.36 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €314k more in shares than they have sold in the last 12 months. Reported Earnings • May 13
First quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.86 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CA$260.6m (down 25% from 1Q 2020). Net income: CA$5.12m (up CA$230.8m from 1Q 2020). Profit margin: 2.0% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Apr 17
Independent Director recently bought €220k worth of stock On the 14th of April, John Hooks bought around 200k shares on-market at roughly €1.10 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €84k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 21
COO & President of Canadian Operations recently sold €75k worth of stock On the 16th of March, Kenneth Zinger sold around 59k shares on-market at roughly €1.28 per share. This was the largest sale by an insider in the last 3 months. Kenneth has been a seller over the last 12 months, reducing personal holdings by €42k. Reported Earnings • Mar 13
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CA$888.0m (down 31% from FY 2019). Net loss: CA$222.9m (down CA$253.0m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 12%, compared to a 2.3% growth forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Mar 09
New 90-day high: €1.08 The company is up 35% from its price of €0.80 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.071 per share. Tillkännagivande • Feb 19
CES Energy Solutions Corp. to Report Q4, 2020 Results on Mar 11, 2021 CES Energy Solutions Corp. announced that they will report Q4, 2020 results After-Market on Mar 11, 2021 Is New 90 Day High Low • Feb 10
New 90-day high: €1.03 The company is up 94% from its price of €0.53 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.22 per share. Tillkännagivande • Jan 15
Empire Life Investments Inc. acquired an unknown minority stake in CES Energy Solutions Corp. (TSX:CEU). Empire Life Investments Inc. acquired an unknown minority stake in CES Energy Solutions Corp. (TSX:CEU) on January 14, 2021. As of the date hereof, Empire Life Investments exercises control or direction over 26,554,694 common shares of the CES Energy, representing approximately 10.20% of the 260,271,215 common shares issued and outstanding.
Empire Life Investments Inc. completed the acquisition of an unknown minority stake in CES Energy Solutions Corp. (TSX:CEU) on January 14, 2021. Is New 90 Day High Low • Jan 06
New 90-day high: €0.84 The company is up 83% from its price of €0.46 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.21 per share. Is New 90 Day High Low • Dec 08
New 90-day high: €0.79 The company is up 45% from its price of €0.55 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.13 per share. Is New 90 Day High Low • Nov 20
New 90-day high: €0.65 The company is up 9.0% from its price of €0.59 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.15 per share. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is expected to shrink by 14% compared to a 9.7% decline forecast for the Energy Services industry in Germany. Reported Earnings • Nov 13
Third quarter 2020 earnings released: CA$0.05 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CA$166.3m (down 47% from 3Q 2019). Net loss: CA$12.7m (down 267% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 110% per year but the company’s share price has only fallen by 49% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 21
New 90-day low: €0.44 The company is down 35% from its price of €0.68 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.26 per share. Tillkännagivande • Oct 16
CES Energy Solutions Corp. to Report Q3, 2020 Results on Nov 13, 2020 CES Energy Solutions Corp. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 13, 2020 Is New 90 Day High Low • Oct 02
New 90-day low: €0.47 The company is down 33% from its price of €0.70 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.16 per share. Tillkännagivande • Jul 18
CES Energy Solutions Corp. to Report Q2, 2020 Results on Aug 13, 2020 CES Energy Solutions Corp. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 13, 2020