CES Energy Solutions Corp (CEU) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CES Energy Solutions Corp stock C$19.79, price C$18.75, upside +5.5%, quality 69 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range C$1.27 – C$20.96 · fair‑value band C$9.84 – C$26.53 · the C$18.75 price screens below the C$19.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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CES Energy Solutions Corp., together with its subsidiaries, engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada.
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The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.
Its solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.
The company also designs and implements drilling fluid systems and completion solutions for oil and natural gas producers; designs and manufactures production and specialty chemicals for use in the oil and natural gas production; and operates trucks and trailers designed to transport products in the oil and gas industry.
In addition, it provides environmental consulting, water management and transfer, and drilling fluids waste disposal services; and laboratory services.
CES Energy Solutions Corp. was formerly known as Canadian Energy Services & Technology Corp. and changed its name to CES Energy Solutions Corp. in June 2017. The company was incorporated in 1986 and is headquartered in Calgary, Canada.
Stock analysis
CES Energy Solutions Corp (CEU) currently trades at C$18.75, while our model-based Fair Value estimate is C$19.79, so the stock looks roughly fairly valued today (gap 5.3%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$22.68 per share, and 10 of the 26 models we run sit above the C$18.75 price.
Bear case: the Dividend Discount group reads lowest at C$2.60, and 16 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$9.84 (bear) to C$26.53 (bull), the price of C$18.75 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 69/100 (solid quality), in the Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CES Energy Solutions Corp reported revenue of C$2.5B in FY2025 versus C$1.2B in FY2021, a compound +20.2%/yr. Reported net income was C$205M in FY2025, compounding +42.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap C$4.0B (≈ $2.8B) Mid · P/E ratio 20.8 · P/S ratio 1.49 · EPS (TTM) C$0.9000 · Dividend yield 0.9% · Net margin 7.4% · Return on equity 23.6% · Return on assets (EBIT) 13.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 101% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at 6%, CEU screens cheaper than that median.
Fair Value models
BearC$9.84Fair Value C$19.79BullC$26.53
Price C$18.75 · Upside +5.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.6223 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.9%
Start year 2020 (pandemic). Over 10 years: +12.8% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.4%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+49.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+48.7%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.43.8% vs 11.4%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−1% → 11%
2025 sits 52% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +9.2% a year for the price and +6.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (82 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Recurring production chemicals provide revenue stability during drilling slowdowns, yet overall growth remains closely tied to North American drilling and completion volumes.
Main risk: A sustained drop in North American drilling and completion volumes would reduce demand for its specialty chemicals across the oilfield lifecycle and limit revenue stability.
CES Energy Solutions supplies specialty chemicals across the full oilfield lifecycle from drilling to ongoing production. A large part of its revenue stems from recurring production chemicals that help stabilize results when drilling activity dips. Growth nevertheless remains closely tied to North American drilling and completion volumes. Will the stable production side expand enough to offset cyclical swings or will the two stay tightly coupled?
Compare CES Energy Solutions Corp with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Equipment & Services · 166 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+5.5% · Above median
Profitability
Return on equity (12 months)23.6% · Top 25%
Return on assets12.7% · Top 25%
Net margin (12 months)7.4% · Above median
Operating margin (12 months)11.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)24.4% · Above median
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity0.48× · Highest 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (12 months)20.8× · Pricier than median
P/B4.97× · Priciest 25%
P/S (12 months)1.49× · Pricier than median
Price / free cash flow (fiscal year)20.0× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CES Energy Solutions Corp Fair Value". https://www.fairvalue-calculator.com/stock/CEU
Frequently asked questions
Is CES Energy Solutions Corp (CEU) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of C$19.79 versus a price of C$18.75, about +6% upside (fairly valued).
What is the fair value of CEU?
Our model-based fair value for CES Energy Solutions Corp is C$19.79 (as of Nov 7, 2026), built from audited fundamentals. The current price: C$18.75.
What is the quality score of CEU?
CES Energy Solutions Corp has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CES Energy Solutions Corp (CEU)?
Our model-based price target is the fair value of C$19.79 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario C$9.84, optimistic scenario C$26.53. It is a calculation from audited fundamentals, not an analyst target.
What is the CES Energy Solutions Corp stock forecast for 2026?
Our models put fair value at C$19.79, about +6% upside versus a price of C$18.75 (fairly valued). Cautious scenario C$9.84, optimistic scenario C$26.53. The calculation is refreshed regularly with new filings.
What is the revenue of CES Energy Solutions Corp (CEU)?
CES Energy Solutions Corp reported trailing-twelve-month revenue of about C$2.7B (latest available figure, as of Nov 7, 2026).
Does CES Energy Solutions Corp pay a dividend?
CES Energy Solutions Corp currently shows a dividend yield of 0.92% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of CES Energy Solutions Corp (CEU) and when is the ex-dividend date?
CES Energy Solutions Corp pays a dividend of C$0.172 per share a year, a dividend yield of 0.9%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since at least 2007. The payout ratio is 19.1% of earnings. Free cash flow covers the dividend 5.52 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into CES Energy Solutions Corp (CEU)?
For today's price to be fair in a discounted-cash-flow model, CES Energy Solutions Corp would have to grow free cash flow by +11.5 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.9 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CEU use?
Our models discount CES Energy Solutions Corp at 9.8 %: a base by market capitalisation (mid), damped by beta 1.13, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CES Energy Solutions Corp that is +11.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has CES Energy Solutions Corp (CEU) delivered so far?
Over the past 5 years revenue at CES Energy Solutions Corp grew +22.9 % a year. The price currently implies free-cash-flow growth of +11.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CES Energy Solutions Corp (CEU) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into CES Energy Solutions Corp (+11.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CES Energy Solutions Corp (CEU)?
The free-cash-flow yield on the price is 5.00 %: that much free cash flow CES Energy Solutions Corp produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CES Energy Solutions Corp (CEU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CES Energy Solutions Corp it is C$19.79 per share (as of Nov 7, 2026), against a price of C$18.75. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is CES Energy Solutions Corp stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CEU trades below its calculated fair value: price C$18.75, fair value C$19.79, a gap of about +6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CEU?
No. The price is what the market pays today (C$18.75); the fair value is what the company's own numbers justify (C$19.79). For CES Energy Solutions Corp the two are C$1.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is CES Energy Solutions Corp worth?
The market values CES Energy Solutions Corp at about C$4.0B (market capitalisation, as of Nov 7, 2026). Per share that is C$18.75; our models calculate a fair value of C$19.79 per share.
What do the bullish and bearish scenarios say about CEU?
Our models span a range for CES Energy Solutions Corp: cautious scenario C$9.84, base C$19.79, optimistic C$26.53 per share (as of Nov 7, 2026, price C$18.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CEU?
CES Energy Solutions Corp trades at a price-to-earnings ratio of 20.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$19.79 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 12.8. Other multiples: PEG 1.3, P/B 5.0, P/S 1.5, EV/EBITDA 13.3.
What is the PEG ratio of CEU?
The PEG ratio of CES Energy Solutions Corp is 1.28 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of CES Energy Solutions Corp (CEU)?
Balance-sheet figures for CES Energy Solutions Corp (as of Nov 7, 2026): return on equity 23.6%, debt of 0.48 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is CEU from its 52-week high?
CES Energy Solutions Corp trades at C$18.75, about 11% below its 52-week high of C$20.96 and 101% above the low of C$9.34 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$19.79 is for.
Which stocks are comparable to CES Energy Solutions Corp?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Halliburton Company, Tenaris S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CES Energy Solutions Corp stock attractive at the current price?
The data as of Nov 7, 2026: price C$18.75, calculated fair value C$19.79 (+6%), Quality Score 69/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CEU calculated?
We run CES Energy Solutions Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$19.79 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. CES Energy Solutions Corp currently trades 5% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CES Energy Solutions Corp (CEU)?
The closing price on Nov 6, 2026 was C$18.75. Our model-based fair value is C$19.79, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CES Energy Solutions Corp right now?
The model range is unusually wide (C$9.84 to C$26.53). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of CES Energy Solutions Corp
How large is the market capitalisation of CES Energy Solutions Corp (CEU)?
The market capitalisation of CES Energy Solutions Corp is C$4.0B (≈ $2.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CES Energy Solutions Corp (CEU)?
The price-to-sales ratio of CES Energy Solutions Corp is 1.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CES Energy Solutions Corp (CEU)?
Earnings per share at CES Energy Solutions Corp are C$0.9000 (price ÷ EPS = P/E 20.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CES Energy Solutions Corp (CEU)?
The dividend yield of CES Energy Solutions Corp is 0.9% (payout 19.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CES Energy Solutions Corp (CEU)?
The net margin of CES Energy Solutions Corp is 7.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CES Energy Solutions Corp (CEU)?
The return on equity (ROE) of CES Energy Solutions Corp is 23.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CES Energy Solutions Corp (CEU)?
On an EBIT basis the return on assets of CES Energy Solutions Corp is 13.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CES Energy Solutions Corp (CEU)?
The operating margin of CES Energy Solutions Corp is 11.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CES Energy Solutions Corp (CEU)?
Revenue at CES Energy Solutions Corp is growing +24.4% versus a year earlier (3y avg +9.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CES Energy Solutions Corp (CEU)?
Earnings per share at CES Energy Solutions Corp are growing −21.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CES Energy Solutions Corp (CEU) carry?
The net debt of CES Energy Solutions Corp is C$482M (fiscal year 2025, ≈ 2.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026