Cielo Waste Solutions (CMC) AI Stock Analysis

• Market Cap: C$12.32M
• Dividend Yield: N/A
• Average Volume (3M): 134.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• 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$0.07 ▲(21.67% 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 meaningfully eases near-term financing pressure and interest burden. Over 2–6 months this improves the company's optionality to extend runway or negotiate better terms, reducing immediate solvency stress while restructuring continues.

Improving Cash Burn

Operating and free cash flow have materially improved versus prior years, indicating management has slowed outflows. This trend, if sustained, narrows the gap to self-funding and lowers short-term capital needs, making a path to positive cash generation more attainable over several quarters.

Exposure to Stable Industry Demand

Operating in waste management ties the company to a structurally recurring demand sector where services and technologies often enjoy steady long-term needs. If Cielo scales operations or commercializes solutions, the underlying industry durability supports more predictable revenue potential.

Negative Factors

No Revenue and Large Losses

Zero reported revenue and sustained large losses indicate the company has not yet validated a commercial business model. Over months this undermines prospects for organic profitability, forcing dependence on non-operational levers and making durable margin recovery and investor confidence uncertain.

Negative Equity and Collapsed Asset Base

Negative equity and a dramatically reduced asset base materially weaken the balance sheet, elevating refinancing and insolvency risk. This structural weakness limits borrowing capacity and strategic flexibility, making long-term investment or scaling initiatives harder without external capital or asset restoration.

Persistent Negative Cash Flow & Funding Reliance

Ongoing negative operating and free cash flows force reliance on external financing or balance-sheet actions to sustain operations. Over a multi-month horizon this raises dilution and refinancing risk, and if capital access tightens the company may face constrained operations or accelerated restructuring needs.

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

Financials are extremely weak: TTM shows zero revenue, negative gross profit (-$1.15M), and a large net loss (-$41.2M). Cash flow remains negative (TTM FCF -$1.13M), and the balance sheet has moved to negative equity (-$4.1M) with a sharply reduced asset base, elevating solvency/financing risk.

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	Dec 2025	Dec 2024	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	3.00K
Gross Profit	-3.90M	-3.41M	-443.00K	-634.00K	-200.00K
EBITDA	-50.02M	-8.05M	-13.36M	-33.13M	-3.79M
Net Income	-54.67M	-36.18M	-14.45M	-14.45M	-4.18M
Balance Sheet
Total Assets	258.00K	54.95M	53.53M	29.37M	17.68M
Cash, Cash Equivalents and Short-Term Investments	155.00K	376.00K	2.68M	1.33M	81.61K
Total Debt	2.80M	4.19M	14.84M	10.04M	10.46M
Total Liabilities	6.22M	13.71M	19.93M	14.57M	14.91M
Stockholders Equity	-5.96M	41.24M	33.60M	14.80M	2.77M
Cash Flow
Free Cash Flow	-1.16M	-5.97M	-35.96M	-8.97M	-8.45M
Operating Cash Flow	-652.00K	-4.20M	-16.38M	-4.75M	-3.36M
Investing Cash Flow	-507.00K	-1.49M	-19.64M	-5.06M	-5.09M
Financing Cash Flow	771.00K	4.92M	21.52M	8.31M	8.18M

Cielo Waste Solutions Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 0.09, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.74 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 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	49 Neutral	C$76.31M	-22.48	-3.01%	―	63.49%	-133.70%
CMC	44 Neutral	C$12.32M	-0.22	-352.14%	―	―	-72.78%
BAC	44 Neutral	C$8.73M	-9.09	―	―	―	54.17%
YES	42 Neutral	C$38.10M	-15.75	-419.23%	―	-27.40%	23.40%
ECM	41 Neutral	C$38.56M	-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.