Cielo Waste Solutions (CMC) AI Stock Analysis

• Market Cap: C$13.14M
• Dividend Yield: N/A
• Average Volume (3M): 134.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• 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: 44 Neutral
• Price Target: C$0.08 ▲(30.00% Upside)

Overall score is driven primarily by very weak fundamentals (no revenue, large losses, negative free cash flow, and negative equity). Technicals are mixed with modest near-term improvement but no strong trend confirmation (negative MACD). Valuation is constrained by negative earnings and no indicated dividend support.

Positive Factors

Lower absolute debt

A reduction in absolute debt versus prior years lowers immediate refinancing and interest pressure, giving management more financial flexibility over the next several months to extend runway or execute restructuring efforts while pursuing revenue recovery.

Reduced cash burn trend

Operating and free cash outflows have materially improved versus much larger prior-year outflows. This trend toward lower burn increases the likelihood of reaching break-even sooner and reduces near-term funding dependency if sustained.

Lean operating base

A very small headcount implies a lean cost structure, which can preserve cash and allow incremental scalability if revenue begins to return. Lower fixed payroll obligations support operational flexibility while management pursues commercialization or partnerships.

Negative Factors

No revenue generation

The absence of any reported revenue means there is no top-line foundation to absorb fixed costs or demonstrate product-market fit. Over months this undermines the company's ability to move to sustainable profitability without material business-model or commercial progress.

Negative equity and collapsed assets

Negative shareholder equity and a sharply reduced asset base signal solvency stress and weaken borrowing capacity. Structurally, this constrains strategic options, increases creditor risk, and makes equity dilution or asset sales more likely to raise required capital.

Persistently negative cash flow

Continued negative operating and free cash flow means the company cannot self-fund operations or investments. Unless cash generation reverses, management must rely on external financing, which is uncertain given weakened balance sheet metrics.

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

Cielo Waste Solutions is facing significant financial challenges with zero revenue, increasing losses, and a weakened balance sheet. Negative cash flows highlight its struggle to generate cash, indicating financial instability.

Income Statement

Cielo Waste Solutions has consistently reported zero revenue over the past years, indicating a lack of operational success. The company is also suffering from negative net income and growing operating losses, as evidenced by the significant negative EBIT and EBITDA figures. The company has not shown any revenue growth, which is a critical concern for future profitability and sustainability.

Balance Sheet

The company's balance sheet reveals a substantial decrease in total assets and equity over recent periods. The debt-to-equity ratio is concerning, with total debt exceeding equity in recent years. However, the debt levels have decreased, which is a positive sign. The equity ratio has also deteriorated, indicating reduced financial stability and a potential risk for creditors.

Cash Flow

Cielo Waste Solutions has been experiencing negative operating and free cash flows, highlighting its struggle to generate cash from operations. The company relies heavily on financing activities to support its cash needs, which is unsustainable in the long term. The free cash flow growth rate is negative, underscoring the inability to improve cash generation capabilities.

Breakdown	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	4.20K
Gross Profit	-3.90M	-3.41M	-443.00K	-634.00K	-187.00K
EBITDA	-50.02M	-8.05M	-13.36M	-33.13M	-37.99M
Net Income	-54.67M	-36.18M	-14.45M	-14.45M	-39.71M
Balance Sheet
Total Assets	258.00K	54.95M	53.53M	29.37M	45.19M
Cash, Cash Equivalents and Short-Term Investments	155.00K	376.00K	2.68M	1.33M	17.18M
Total Debt	2.80M	4.19M	14.84M	10.04M	1.74M
Total Liabilities	6.22M	13.71M	19.93M	14.57M	20.69M
Stockholders Equity	-5.96M	41.24M	33.60M	14.80M	24.51M
Cash Flow
Free Cash Flow	-1.16M	-5.97M	-35.96M	-8.97M	-7.69M
Operating Cash Flow	-652.00K	-4.20M	-16.38M	-4.75M	-1.27M
Investing Cash Flow	-507.00K	-1.49M	-19.64M	-5.06M	-6.12M
Financing Cash Flow	771.00K	4.92M	21.52M	8.31M	24.49M

Cielo Waste Solutions Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• 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 Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.10, and below the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 29.27 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

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%
BLM	54 Neutral	C$82.26M	-121.77	-3.01%	―	63.49%	-133.70%
YES	48 Neutral	C$40.77M	-4.24	-419.23%	―	-27.40%	23.40%
CMC	44 Neutral	C$13.14M	-0.25	-352.14%	―	―	-72.78%
BAC	44 Neutral	C$9.83M	-10.23	―	―	―	54.17%
ECM	41 Neutral	C$36.29M	-14.95	-1787.47%	―	135.68%	68.99%

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.

Cielo Waste Solutions to Host Webinar on Project Nexus Advancements

Cielo Waste Solutions has announced a webinar scheduled for November 20, 2025, to discuss advancements in its flagship initiative, Project Nexus. This project is pivotal in converting biomass and wood waste into low-carbon transportation fuels, aligning with Cielo’s strategy to enhance clean-energy solutions. The webinar will cover technology integrations, partnership developments, and operational strategies, providing insights into the project’s near-term milestones and its potential impact on Cielo’s market positioning and stakeholder interests.