Cielo Waste Solutions Inc (TSE:CMC)
:CMC
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Cielo Waste Solutions
(CMC)
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Rating:41Neutral
Price Target:
C$0.06
▼(-5.00% Downside)
Action:UpgradedDate:03/20/26
The score is primarily pressured by very weak financial performance (minimal/zero revenue, ongoing losses and cash burn, and negative equity). Technicals add downside risk with the stock trading below key moving averages and negative MACD. Valuation provides limited offset because the company is unprofitable (negative P/E) and no dividend yield is available.
Positive Factors
Lower Debt Load
Reported lower total debt versus prior years is a durable improvement to capital structure. Reducing debt relieves interest and refinancing pressure, modestly extending runway and improving financial flexibility to execute restructuring or pivot strategies over the medium term.
Negative Factors
Minimal/No Revenue
The company reports essentially no revenue across annual periods and TTM, which is a fundamental business-model concern. Without sustainable top-line generation, operating leverage cannot be achieved, making profitability dependent on financing rather than commercial traction.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Debt Load
Reported lower total debt versus prior years is a durable improvement to capital structure. Reducing debt relieves interest and refinancing pressure, modestly extending runway and improving financial flexibility to execute restructuring or pivot strategies over the medium term.
Read all positive factors
Cielo Waste Solutions (CMC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.49M
Dividend YieldN/A
Average Volume (3M)134.00K
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue GrowthN/A
EPS Growth-72.78%
CountryCA
Employees22
SectorBasic Materials
Sector Strength58
IndustryWaste Management
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding192,189,930
10 Day Avg. Volume134,596
30 Day Avg. Volume134,005
Financial Highlights & Ratios
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 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. 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....
How the Company Makes Money
null...
Cielo Waste Solutions Earnings Call Summary
Earnings Call Date:Dec 15, 2023
(Q2-2024)
| % Change Since: |
Next Earnings Date:Aug 28, 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
18
Very Negative
Cash Flow
14
Very Negative
| 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 | -973.00K | -3.90M | -3.41M | -634.00K | -187.00K | -1.06M |
| EBITDA | -12.31M | -50.02M | -8.05M | -33.13M | -37.99M | -2.00M |
| Net Income | -15.92M | -54.67M | -36.18M | -14.45M | -39.71M | -2.77M |
Balance Sheet | ||||||
| Total Assets | 316.23K | 258.00K | 54.95M | 29.37M | 45.19M | 11.93M |
| Cash, Cash Equivalents and Short-Term Investments | 180.16K | 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 | 3.53M | 6.22M | 13.71M | 14.57M | 20.69M | 8.93M |
| Stockholders Equity | -3.22M | -5.96M | 41.24M | 14.80M | 24.51M | 3.00M |
Cash Flow | ||||||
| Free Cash Flow | -2.64M | -1.16M | -5.97M | -8.97M | -7.69M | -4.73M |
| Operating Cash Flow | -2.41M | -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 | 2.72M | 771.00K | 4.92M | 8.31M | 24.49M | 4.52M |
Cielo Waste Solutions Technical Analysis
Negative
0.06
Price Trends
0.07
Negative
0.09
Negative
0.08
Negative
Market Momentum
>-0.01
Negative
41.60
Neutral
>-0.01
Positive
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 below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.60 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$34.75M | -10.14 | -17.79% | ― | -27.40% | 23.40% | |
44 Neutral | C$8.73M | -4.34 | ― | ― | ― | 54.17% | |
44 Neutral | C$54.59M | -243.45 | -12.79% | ― | 63.49% | -133.70% | |
41 Neutral | C$12.49M | -5.76 | -352.14% | ― | ― | -72.78% | |
41 Neutral | C$36.29M | -5.91 | 5297.73% | ― | 135.68% | 68.99% |
* Basic Materials Sector Average
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0.07
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Cielo Waste Solutions Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Cielo, Tano T’enneh Outline Indigenous-Led SAF Project Plan in B.C.
Positive
Mar 16, 2026
Cielo Waste Solutions has signed a non-binding strategic partnership framework agreement with Tano T’enneh Enterprises, the business arm of the Lheidli T’enneh Nation, to advance Project Nexus, a proposed sustainable aviation fuel faci...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Cielo Raises $1 Million in Private Placement to Advance Nexus Clean-Fuels Platform
Positive
Mar 2, 2026
Cielo Waste Solutions has closed a non-brokered private placement of 16,666,667 units at $0.06 each, raising $1 million in gross proceeds, with each unit comprising one common share and a four-year warrant exercisable at $0.15. The financing, whic...
Business Operations and StrategyM&A Transactions
Cielo to Acquire Canadian Discovery Assets to Accelerate Clean Fuels Platform
Positive
Feb 11, 2026
Cielo Waste Solutions has signed a binding letter of intent to acquire proprietary project development and evaluation assets from Canadian Discovery Ltd., including non-public technical, commercial, and intellectual property related to renewable a...
Business Operations and StrategyM&A Transactions
Cielo Moves From Restructuring to Execution With Strategic Clean Fuels Asset Acquisition
Positive
Feb 11, 2026
Cielo Waste Solutions has signed a binding letter of intent to acquire proprietary project development and evaluation assets from Canadian Discovery Ltd., including non-public technical and commercial data, models, and analytical tools related to ...
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.