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CECO ENVIRONMENTAL CORP (CECE) Stock Fundamental Analysis

NASDAQ:CECE - Nasdaq - US1251411013 - Common Stock - Currency: USD

11.65  +0.25 (+2.19%)

After market: 11.65 0 (0%)

Fundamental Rating

3

Overall CECE gets a fundamental rating of 3 out of 10. We evaluated CECE against 84 industry peers in the Commercial Services & Supplies industry. CECE has a bad profitability rating. Also its financial health evaluation is rather negative. CECE is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year CECE was profitable.
CECE had a positive operating cash flow in the past year.
CECE Yearly Net Income VS EBIT VS OCF VS FCFCECE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 0 20M -20M 40M 60M

1.2 Ratios

Industry RankSector Rank
ROA 2.12%
ROE 5.15%
ROIC 5.57%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CECE Yearly ROA, ROE, ROICCECE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 0 5 -5 -10 -15 -20

1.3 Margins

CECE's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.12%
PM (TTM) 2.58%
GM N/A
OM growth 3Y-3.43%
OM growth 5Y-16.34%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
CECE Yearly Profit, Operating, Gross MarginsCECE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 0 10 20 30

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CECE is destroying value.
Compared to 1 year ago, CECE has less shares outstanding
CECE has a better debt/assets ratio than last year.
CECE Yearly Shares OutstandingCECE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 10M 20M 30M
CECE Yearly Total Debt VS Total AssetsCECE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 100M 200M 300M 400M 500M

2.2 Solvency

An Altman-Z score of 1.95 indicates that CECE is not a great score, but indicates only limited risk for bankruptcy at the moment.
CECE has a debt to FCF ratio of 5.68. This is a neutral value as CECE would need 5.68 years to pay back of all of its debts.
CECE has a Debt/Equity ratio of 0.53. This is a neutral value indicating CECE is somewhat dependend on debt financing.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 5.68
Altman-Z 1.95
ROIC/WACC0.61
WACC9.2%
CECE Yearly LT Debt VS Equity VS FCFCECE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 50M 100M 150M 200M

2.3 Liquidity

CECE has a Current Ratio of 1.59. This is a normal value and indicates that CECE is financially healthy and should not expect problems in meeting its short term obligations.
CECE has a Quick Ratio of 1.01. This is a normal value and indicates that CECE is financially healthy and should not expect problems in meeting its short term obligations.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 1.01
CECE Yearly Current Assets VS Current LiabilitesCECE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 50M 100M 150M 200M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 77.14% over the past year.
Measured over the past years, CECE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.61% on average per year.
The Revenue has grown by 27.55% in the past year. This is a very strong growth!
CECE shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.91% yearly.
EPS 1Y (TTM)77.14%
EPS 3Y1.18%
EPS 5Y-21.61%
EPS Q2Q%1900%
Revenue 1Y (TTM)27.55%
Revenue growth 3Y-1.32%
Revenue growth 5Y-4.91%
Sales Q2Q%35.55%

3.2 Future

The Earnings Per Share is expected to grow by 31.01% on average over the next years. This is a very strong growth
CECE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.86% yearly.
EPS Next Y106.2%
EPS Next 2Y56.94%
EPS Next 3Y41.76%
EPS Next 5Y31.01%
Revenue Next Year23.48%
Revenue Next 2Y14.57%
Revenue Next 3Y11.06%
Revenue Next 5Y6.86%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CECE Yearly Revenue VS EstimatesCECE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
CECE Yearly EPS VS EstimatesCECE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 18.79, which indicates a rather expensive current valuation of CECE.
When comparing the Price/Earnings ratio of CECE to the average of the S&P500 Index (26.84), we can say CECE is valued slightly cheaper.
With a Price/Forward Earnings ratio of 16.31, CECE is valued correctly.
CECE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.94.
Industry RankSector Rank
PE 18.79
Fwd PE 16.31
CECE Price Earnings VS Forward Price EarningsCECE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF 20.49
EV/EBITDA 13.75
CECE Per share dataCECE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

CECE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CECE's earnings are expected to grow with 41.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y56.94%
EPS Next 3Y41.76%

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0

5. Dividend

5.1 Amount

CECE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CECO ENVIRONMENTAL CORP

NASDAQ:CECE (11/4/2022, 8:00:00 PM)

After market: 11.65 0 (0%)

11.65

+0.25 (+2.19%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)11-07 2022-11-07/bmo
Earnings (Next)03-13 2023-03-13
Inst Owners76.93%
Inst Owner Change1.96%
Ins Owners10.18%
Ins Owner Change0%
Market Cap399.94M
Analysts81.82
Price Target13.87 (19.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)85.24%
Min EPS beat(2)77.61%
Max EPS beat(2)92.86%
EPS beat(4)4
Avg EPS beat(4)87.72%
Min EPS beat(4)18.12%
Max EPS beat(4)162.29%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)12.4%
Min Revenue beat(2)11.62%
Max Revenue beat(2)13.18%
Revenue beat(4)4
Avg Revenue beat(4)10.83%
Min Revenue beat(4)9.1%
Max Revenue beat(4)13.18%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 18.79
Fwd PE 16.31
P/S 1
P/FCF 20.49
P/OCF 17.57
P/B 1.99
P/tB N/A
EV/EBITDA 13.75
EPS(TTM)0.62
EY5.32%
EPS(NY)0.71
Fwd EY6.13%
FCF(TTM)0.57
FCFY4.88%
OCF(TTM)0.66
OCFY5.69%
SpS11.65
BVpS5.84
TBVpS-0.79
PEG (NY)0.18
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.12%
ROE 5.15%
ROCE N/A
ROIC 5.57%
ROICexc N/A
ROICexgc 16.23%
OM 6.12%
PM (TTM) 2.58%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-10.92%
ROICexcg growth 5Y-20.17%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-3.43%
OM growth 5Y-16.34%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.82
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 5.68
Debt/EBITDA N/A
Cap/Depr 32.14%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 189.1%
Current Ratio 1.59
Quick Ratio 1.01
Altman-Z 1.95
F-Score6
WACC9.2%
ROIC/WACC0.61
Cap/Depr(3y)39.87%
Cap/Depr(5y)29.86%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)260.24%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)77.14%
EPS 3Y1.18%
EPS 5Y-21.61%
EPS Q2Q%1900%
EPS Next Y106.2%
EPS Next 2Y56.94%
EPS Next 3Y41.76%
EPS Next 5Y31.01%
Revenue 1Y (TTM)27.55%
Revenue growth 3Y-1.32%
Revenue growth 5Y-4.91%
Sales Q2Q%35.55%
Revenue Next Year23.48%
Revenue Next 2Y14.57%
Revenue Next 3Y11.06%
Revenue Next 5Y6.86%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y28.5%
FCF growth 3Y-17.27%
FCF growth 5Y-31.05%
OCF growth 1Y13.92%
OCF growth 3Y-15.39%
OCF growth 5Y-28.18%