CES Synergies Inc Financials (CESX)

CONSOLIDATED BALANCE SHEETS (Unaudited)

March 31,
2016
December 31,
2015
ASSETS
Current assets
Cash $ 191,136 $ 229,882
Advances to employees 12,754 13,770
Contracts receivable (net of allow. for bad debt) 3,997,376 4,599,131
Inventory 145,947 133,715
Deferred tax asset- current 86,098 86,098
Prepaids 55,145 -
Cost and estimated earnings in excess of billings on uncompleted contracts 1,402,434 690,553
Total current assets $ 5,890,890 $ 5,753,149
Property and equipment, net 1,856,577 1,998,158
Goodwill 1,446,855 1,446,855
Deferred tax asset- non-current - 632,882
Other assets - 4,731
TOTAL ASSETS $ 9,831,935 $ 9,835,775
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 2,921,296 $ 2,911,780
Accrued payroll 40,456 47,819
Billings in excess of costs and estimated earnings on uncompleted contracts 181,424 301,398
Notes payable 1,750,300 1,750,300
Current portion long-term debt
Related party - -
Non-related party 457,950 457,950
Total current liabilities 5,351,426 5,469,247
Long-term debt, net of current portion
Related party 3,414,035 3,419,098
Non-related party 333,464 446,066
Total long-term liabilities 3,865,164
Stockholders’ equity
Common stock, authorized: $0.001 par value, 250,000,000 shares, at March 31, 2016; issued: 46,890,500 shares, at March 31, 2016; 46,880,500 shares, at December 31, 2015 46,890 46,881
Additional paid in capital 1,299,018 1,299,018
Retained earnings (612,898 ) (844,535 )
Total stockholders’ equity 733,010 501,364
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,831,935 $ 9,835,775

See accompanying Notes to Consolidated Financial Statements

CES SYNERGIES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

Three months ended
March 31, 2016 March 31, 2015
Revenues $ 4,000,808 $ 3,523,357
Cost of sales 2,686,036 2,850,038
Gross profit 1,314,772 673,319
General & administrative expenses 1,064,549 1,318,880
Net operating profit/(loss) 250,223 (645,561 )
Other expenses, net (18,586 ) (69,317 )
Profit/(loss) before income taxes 231,637 (714,878 )
Income taxes - -
Net profit/(loss) $ 231,637 $ (714,878 )
Profit/(loss) per share
Basic and diluted $ 0.01 $ (0.02 )
Shares used in computing profit/(loss) per share 46,883,687 46,730,500
Cash distributions declared per common share - -

See accompanying Notes to Consolidated Financial Statements

Contact Information

  • Company Contact:
    John Tostanoski
    CEO
    CES Synergies, Inc.
    (813) 783-1688
    jt@crossenv.com

………………………………………………………

 

Revenue & Earnings Per Share

Sales and Earnings Figures in U.S. Dollars (USD)

Valuation Ratios

Company industry sector
P/E Ratio (TTM) 22.16 23.39
P/E High – Last 5 Yrs. 38.49 50.40
P/E Low – Last 5 Yrs. 14.31 14.60
Beta 0.56 0.89
Price to Sales (TTM) 1.99 2.62
Price to Book (MRQ) 1.61 2.28
Price to Tangible Book (MRQ) 2.81 1.93
Price to Cash Flow (TTM) 13.72 14.01
% Owned Institutions 4.19 1.71

Dividends

Company industry sector
Dividend Yield 1.91 1.83
Dividend Yield – 5 Year Avg 1.89 1.58
Dividend 5 Year Growth Rate 5.31 11.68
Payout Ratio(TTM) 37.60 25.01

Growth Rates

Company industry sector
Sales (MRQ) vs Qtr. 1 Yr. Ago 12.95 1.91
Sales (TTM) vs TTM 1 Yr. Ago 10.21 2.91
Sales – 5 Yr. Growth Rate 3.46 10.36
EPS (MRQ) vs Qtr. 1 Yr. Ago 60.73 37.04
EPS (TTM) vs TTM 1 Yr. Ago
EPS – 5 Yr. Growth Rate 2.26 15.39
Capital Spending – 5 Yr. Growth Rate -1.44 10.38

Financial Strength

Company industry sector
Quick Ratio (MRQ) 2.41 1.53
Current Ratio (MRQ) 2.79 2.04
LT Debt to Equity (MRQ) 18.17 68.01
Total Debt to Equity (MRQ) 25.49 88.06
Interest Coverage (TTM) 17.36 11.35

Profitability Ratios

Company industry sector
Gross Margin (TTM) 32.15 37.28
Gross Margin – 5 Yr. Avg. 32.23 30.10
EBITD Margin (TTM)
EBITD – 5 Yr. Avg 13.39 20.09
Operating Margin (TTM) 3.29 15.79
Operating Margin – 5 Yr. Avg. 5.29 13.94
Pre-Tax Margin (TTM) 2.94 13.15
Pre-Tax Margin – 5 Yr. Avg. 5.22 11.83
Net Profit Margin (TTM) -0.50 8.50
Net Profit Margin – 5 Yr. Avg. 1.24 8.11
Effective Tax Rate (TTM) 36.10 31.05
Effective Tax Rate – 5 Yr. Avg. 36.76 29.51

Efficiency

Company industry sector
Revenue/Employee (TTM) 37,820,492 500,787,032
Net Income/Employee (TTM) 2,090,759 38,840,709
Receivable Turnover (TTM) 9.23 16.69
Inventory Turnover (TTM) 13.20 22.22
Asset Turnover (TTM) 0.83 0.63

Management Effectiveness

Company industry sector
Return on Assets (TTM) -6.37 4.72
Return on Assets – 5 Yr. Avg. 4.63 4.08
Return on Investment (TTM) 5.34 6.17
Return on Investment – 5 Yr. Avg. 6.38 5.77
Return on Equity (TTM) 6.58 9.71
Return on Equity – 5 Yr. Avg. 8.07 10.16