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Cielo Waste Solutions
(CMC)
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Rating:41Neutral
Price Target:
C$0.06
▼(-5.00% Downside)
Action:Reiterated
Date:09/23/26
The score is held near the low end primarily by very weak financial performance (no revenue, recurring losses, negative free cash flow, and negative equity). Technicals add further pressure with a negative MACD and price below key longer-term moving averages. Valuation does not offset these risks because the negative P/E reflects ongoing losses and no dividend yield is available to provide support.
Positive Factors
Debt reduction
Lower absolute debt than in prior periods provides some improvement in financial risk and may reduce future interest and refinancing pressure. Although the balance sheet remains weak, debt reduction could preserve more flexibility for restructuring, funding operations, or advancing the company’s stated business objectives.
Negative Factors
No revenue or operating scale
The absence of revenue indicates that the business has not yet established a functioning commercial top line or sustainable operating scale. Without recurring sales, the company cannot demonstrate product-market traction, fund expenses internally, or reliably convert its stated waste-to-fuel strategy into durable financial performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt reduction
Lower absolute debt than in prior periods provides some improvement in financial risk and may reduce future interest and refinancing pressure. Although the balance sheet remains weak, debt reduction could preserve more flexibility for restructuring, funding operations, or advancing the company’s stated business objectives.
Read all positive factors
Cielo Waste Solutions (CMC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.65M
Dividend YieldN/A
Average Volume (3M)68.18K
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue GrowthN/A
EPS Growth96.90%
CountryCA
Employees8
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)-0.01
Shares Outstanding210,806,580
10 Day Avg. Volume65,893
30 Day Avg. Volume68,183
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)-9.42
Price to Sales (P/S)0.00
P/FCF Ratio-4.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Cielo Waste Solutions Business Overview & Revenue Model
Company Description
Cielo Waste Solutions Corp. is a Canadian environmental technology enterprise that specializes in the conversion of diverse waste materials into usable fuels. The company processes feedstocks such as organic matter and wood derivatives, transformi...
How the Company Makes Money
Detailed, verified information about Cielo Waste Solutions Corp.’s revenue model, primary revenue streams (e.g., product sales, tipping fees, licensing/royalties), and significant partnerships or commercial offtake arrangements is null....
Cielo Waste Solutions Earnings Call Summary
Earnings Call Date:Dec 15, 2023
(Q2-2024)
| % Change Since: |
Next Earnings Date:Dec 17, 2026
Earnings Call Sentiment Neutral
The call highlighted a significant transaction with Expander Energy and receipt of a non-dilutive grant, suggesting strategic advancements. However, financial challenges such as a net loss and working capital deficiency indicate ongoing financial hurdles.Positive Updates
IP Licensing Agreement with Expander Energy
Closed a transaction with Expander Energy, resulting in the issuance of 906 million common shares valued at $45 million.
Negative Updates
Net Loss for the Quarter
Reported a net loss of $1.4 million for the 3-month period ending October 31, 2023.
Read all updates
Q2-2024 Updates
Positive
Negative
IP Licensing Agreement with Expander Energy
Closed a transaction with Expander Energy, resulting in the issuance of 906 million common shares valued at $45 million.
Read all positive updates
Company Guidance
During the Cielo Waste Solutions Second Quarter 2024 earnings call, several key financial metrics and transactions were discussed. The company reported total assets of $13.9 million and total liabilities of $5.3 million as of October 31, 2023, with a working capital deficiency of $2.1 million. The quarter saw financing costs of $60,000, general and administrative expenses of $616,000, research and development costs of $221,000, and a non-cash stock-based compensation of $187,000, leading to a net loss of $1.4 million. A significant transaction was the sale of the Fort Saskatchewan property, which involved retiring an $11 million second mortgage. Additionally, a licensing agreement with Expander Energy resulted in the issuance of 906 million common shares valued at $45 million. The company also launched a private placement of flow-through shares to raise up to $6 million and received a $0.5 million grant from Alberta Innovates for a feedstock trial. Management is considering strategic timing for a reverse share consolidation and aims to minimize future dilution by exploring non-dilutive funding opportunities for upcoming projects.Cielo Waste Solutions Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
8
Very Negative
| Breakdown | TTM | Apr 2026 | Jul 2025 | Jul 2024 | Jul 2022 | Jul 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.20K |
| Gross Profit | -65.72K | -9.39K | -3.90M | -3.41M | -634.00K | -187.00K |
| EBITDA | -471.17K | -3.76M | -50.02M | -8.05M | -33.13M | -37.99M |
| Net Income | -2.60M | -4.08M | -54.67M | -36.18M | -14.45M | -39.71M |
Balance Sheet | ||||||
| Total Assets | 1.45M | 1.35M | 258.00K | 54.95M | 29.37M | 45.19M |
| Cash, Cash Equivalents and Short-Term Investments | 168.79K | 165.82K | 155.00K | 376.00K | 1.33M | 17.18M |
| Total Debt | 1.30M | 1.30M | 2.80M | 4.19M | 10.04M | 1.74M |
| Total Liabilities | 3.65M | 3.06M | 6.22M | 13.71M | 14.57M | 20.69M |
| Stockholders Equity | -2.19M | -1.70M | -5.96M | 41.24M | 14.80M | 24.51M |
Cash Flow | ||||||
| Free Cash Flow | -3.37M | -3.56M | -1.16M | -5.97M | -8.97M | -7.69M |
| Operating Cash Flow | -3.37M | -3.56M | -652.00K | -4.20M | -4.75M | -1.27M |
| Investing Cash Flow | 0.00 | 0.00 | -507.00K | -1.49M | -5.06M | -6.12M |
| Financing Cash Flow | 3.22M | 3.58M | 771.00K | 4.92M | 8.31M | 24.49M |
Cielo Waste Solutions Technical Analysis
Negative
0.06
Price Trends
0.07
Negative
0.07
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
43.52
Neutral
41.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CMC, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CMC.
Cielo Waste Solutions Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$52.34M | -10.59 | -14.00% | ― | 39.33% | -660.48% | |
45 Neutral | C$37.79M | -132.50 | -6.70% | ― | 11.30% | 97.22% | |
43 Neutral | C$9.51M | -22.50 | 23.13% | ― | ― | 44.44% | |
41 Neutral | C$12.65M | -4.48 | 92.67% | ― | ― | 96.90% |
* General Sector Average
TSE:CMC
Cielo Waste Solutions
0.06
<0.01
9.09%
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Cielo Waste Solutions Corporate Events
Business Operations and StrategyExecutive/Board Changes
Cielo Refreshes Board, Taps Industry Veteran Harry Andersen as Chair
Positive
Sep 16, 2026
Cielo Waste Solutions has overhauled its board leadership, appointing veteran midstream and energy executive Harry Andersen as chair and director, while transitioning former chair Sheila A. Leggett to lead a newly formed governance, nominating and...
Business Operations and StrategyExecutive/Board Changes
Cielo Names Ivy Chan as CFO to Drive Clean Fuels Expansion
Positive
Sep 1, 2026
Cielo Waste Solutions has appointed Ivy Chan as its new chief financial officer, effective September 1, 2026, succeeding outgoing CFO Jasdeep K. B. Dhaliwal. Chief executive Ryan C. Jackson highlighted Chan’s combined engineering and finance...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.