Cielo Waste Solutions (CMC) AI Stock Analysis

• Market Cap: C$11.50M
• Dividend Yield: N/A
• Average Volume (3M): 134.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: N/A
• EPS Growth: -72.78%
• Country: CA
• Employees: 22
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Waste Management
• EPS (TTM): >-0.01
• Shares Outstanding: 164,245,800
• 10 Day Avg. Volume: 134,596
• 30 Day Avg. Volume: 134,005
• PEG Ratio: >-0.01
• Price to Book (P/B): -1.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: C$0.06 ▲(1.67% Upside)
• Action: Downgraded Date: 02/10/26
• Date: Action: Downgraded 02/10/26

The score is weighed down primarily by very weak financial performance (no revenue, large ongoing losses, negative free cash flow, and negative equity). Technicals are also bearish with the stock below key moving averages, while valuation signals are not supportive given losses and no dividend.

Positive Factors

Reduced absolute debt

The decline in absolute debt reported reduces immediate refinancing pressure and modestly improves financial flexibility. Over a multi-month horizon this gives management more time to pursue restructuring or operational fixes before needing urgent capital markets access.

Improving cash burn trend

Operating and free cash flow have materially improved versus prior years, indicating burn reduction or better liquidity management. If sustained, smaller negative cash generation reduces near-term financing needs and extends runway while operational changes are implemented.

Lean operating headcount

A small workforce implies lower fixed overhead and greater agility in reallocating resources or cutting costs. Over 2–6 months this structure can help conserve cash, limit incremental payroll obligations, and enable focused execution on priority operational changes.

Negative Factors

No reported revenue

Sustained absence of revenue is a fundamental structural weakness: without top-line cash inflows the business cannot self-fund operations or demonstrate product/market fit. Over months this forces reliance on external capital and prevents progress toward break-even.

Negative equity & asset collapse

Negative shareholders' equity and a drastic shrinkage in total assets materially elevate solvency and refinancing risk. This weak capital base constrains the company's ability to secure unsecured financing and increases the likelihood of dilutive or asset-backed financing.

Ongoing negative cash generation

Persistent negative operating and free cash flow means the company cannot sustain operations internally. Even with improvement, continued outflows imply ongoing dependence on equity or debt raises, creating execution and dilution risk over the medium term.

Cielo Waste Solutions Business Overview & Revenue Model

Company Description

Cielo Waste Solutions Corp. operates as a waste-to-fuel environmental technology company in Canada. It converts and transforms waste feedstocks, including organic material and wood derivative waste into fuel, such as diesel, naphtha, and kerosene. The company was formerly known as Cielo Gold Corp. and changed its name to Cielo Waste Solutions Corp. in August 2013. Cielo Waste Solutions Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.

How the Company Makes Money

Cielo Waste Solutions generates revenue through the sale of renewable diesel and other byproducts created from their waste-to-fuel conversion process. The company's revenue model primarily revolves around the commercialization of its renewable fuel products, which are sold to various industries seeking to reduce their carbon footprint and meet regulatory requirements for renewable energy consumption. Additionally, Cielo may engage in strategic partnerships with waste management companies and municipalities to secure a steady supply of feedstock materials, thus ensuring continuous production and sales. These partnerships and the increasing demand for sustainable energy solutions are significant factors contributing to Cielo's earnings.

Cielo Waste Solutions Financial Statement Overview

Summary

Fundamentals are extremely weak: the company reports zero revenue in recent periods, persistent large net losses, negative operating/free cash flow, and negative equity, implying elevated solvency and financing risk despite a smaller recent cash burn.

Income Statement

Performance is very weak and inconsistent. In TTM (Trailing-Twelve-Months), the company reported zero revenue with deeply negative gross profit (-$1.15M) and large losses (net loss of -$41.2M), following another year of zero revenue and a larger net loss in FY2025 (-$54.7M). Losses remain structurally high (negative gross profit and negative operating earnings across all periods), with no visible top-line traction in the provided data—this severely limits confidence in profitability improvement.

Balance Sheet

Balance sheet quality has deteriorated sharply. TTM (Trailing-Twelve-Months) shows negative equity (-$4.1M) alongside $1.24M of debt, which reduces financial flexibility and raises refinancing/solvency risk. A notable weakness is the collapse in total assets (to $0.37M TTM from $54.9M in FY2024), suggesting a much smaller asset base supporting the business today. A relative positive is that absolute debt has come down versus FY2023–FY2025 levels, but the negative equity position outweighs that improvement.

Cash Flow

Cash generation remains negative, though near-term burn appears smaller than in prior years. TTM (Trailing-Twelve-Months) operating cash flow was -$0.9M and free cash flow was -$1.13M, improving versus the much larger outflows seen in FY2022–FY2024, but still not self-funding. Cash flow is also not being supported by profits (net losses persist), and the company continues to rely on external funding or balance-sheet actions to sustain operations until cash flow turns positive.

Breakdown	TTM	Jul 2025	Jul 2024	Jul 2022	Jul 2020	Apr 2019
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	4.20K	3.00K
Gross Profit	-1.15M	-3.90M	-3.41M	-634.00K	-187.00K	-1.06M
EBITDA	-37.36M	-50.02M	-8.05M	-33.13M	-37.99M	-2.00M
Net Income	-41.21M	-54.67M	-36.18M	-14.45M	-39.71M	-2.77M
Balance Sheet
Total Assets	370.00K	258.00K	54.95M	29.37M	45.19M	11.93M
Cash, Cash Equivalents and Short-Term Investments	206.00K	155.00K	376.00K	1.33M	17.18M	354.26K
Total Debt	1.24M	2.80M	4.19M	10.04M	1.74M	4.42M
Total Liabilities	4.48M	6.22M	13.71M	14.57M	20.69M	8.93M
Stockholders Equity	-4.11M	-5.96M	41.24M	14.80M	24.51M	3.00M
Cash Flow
Free Cash Flow	-1.13M	-1.16M	-5.97M	-8.97M	-7.69M	-4.73M
Operating Cash Flow	-900.00K	-652.00K	-4.20M	-4.75M	-1.27M	1.64M
Investing Cash Flow	-362.00K	-507.00K	-1.49M	-5.06M	-6.12M	-6.37M
Financing Cash Flow	1.31M	771.00K	4.92M	8.31M	24.49M	4.52M

Cielo Waste Solutions Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CMC, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.92 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CMC.

Cielo Waste Solutions Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
YES	49 Neutral	C$34.09M	-29.31	-419.23%	―	-27.40%	23.40%
BAC	44 Neutral	C$7.64M	-7.95	―	―	―	54.17%
BLM	44 Neutral	C$54.59M	-13.59	-3.01%	―	63.49%	-133.70%
ECM	41 Neutral	C$40.82M	-16.82	-1787.47%	―	135.68%	68.99%
CMC	39 Underperform	C$11.50M	-0.22	-352.14%	―	―	-72.78%

Cielo Waste Solutions Corporate Events

Cielo Waste Solutions Closes Tranche of Private Placement Offering

Cielo Waste Solutions Corp. announced the closing of a tranche of its private placement offering, issuing 29,325,000 units for gross proceeds of C $1,466,250. The funds will be used for the development of a renewable fuels facility in British Columbia and general working capital. This move is seen as a step toward positioning Cielo at the forefront of the clean-fuels economy in British Columbia, supporting Canada’s low-carbon goals.