CECO ENVIRONMENTAL CORP (CECE) Fundamental Analysis & Valuation

NASDAQ:CECE • US1251411013

Current stock price

11.65 USD
+0.25 (+2.19%)
At close:
11.65 USD
0 (0%)
After Hours:

This CECE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. CECE Profitability Analysis

1.1 Basic Checks

  • CECE had positive earnings in the past year.
  • 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 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 2016 2017 2018 2019 2020 2021 0 5 -5 -10 -15 -20

1.3 Margins

  • In the last couple of years the Operating Margin of CECE has declined.
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 2016 2017 2018 2019 2020 2021 0 10 20 30

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3

2. CECE Health Analysis

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
  • Compared to 1 year ago, CECE has an improved debt to assets ratio.
CECE Yearly Shares OutstandingCECE Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 100M 200M 300M 400M

2.2 Solvency

  • CECE has an Altman-Z score of 1.95. This is not the best score and indicates that CECE is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Debt to FCF ratio of CECE is 5.68, which is a neutral value as it means it would take CECE, 5.68 years of fcf income to pay off 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 2016 2017 2018 2019 2020 2021 50M 100M 150M 200M

2.3 Liquidity

  • A Current Ratio of 1.59 indicates that CECE should not have too much problems paying 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 2016 2017 2018 2019 2020 2021 50M 100M 150M 200M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CECE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 77.14% over the past year.
  • CECE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.61% yearly.
  • Looking at the last year, CECE shows a very strong growth in Revenue. The Revenue has grown by 27.55%.
  • The Revenue has been decreasing by -4.91% on average over the past years.
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
  • The Revenue is expected to grow by 6.86% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CECE Yearly Revenue VS EstimatesCECE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 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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3

4. CECE Valuation Analysis

4.1 Price/Earnings Ratio

  • CECE is valuated rather expensively with a Price/Earnings ratio of 18.79.
  • CECE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.70.
  • With a Price/Forward Earnings ratio of 16.31, CECE is valued correctly.
  • CECE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
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

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

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

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CECE Dividend Analysis

5.1 Amount

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

More info and screens

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CECE Fundamentals: All Metrics, Ratios and Statistics

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
Earnings (Next)03-13
Inst Owners76.93%
Inst Owner Change3.45%
Ins Owners10.18%
Ins Owner Change0%
Market Cap399.94M
Revenue(TTM)399.81M
Net Income(TTM)10.32M
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
Graham NumberN/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
ROICexgc growth 3Y-10.92%
ROICexgc 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%

CECO ENVIRONMENTAL CORP / CECE Fundamental Analysis FAQ

What is the fundamental rating for CECE stock?

ChartMill assigns a fundamental rating of 4 / 10 to CECE.


What is the valuation status for CECE stock?

ChartMill assigns a valuation rating of 4 / 10 to CECO ENVIRONMENTAL CORP (CECE). This can be considered as Fairly Valued.


How profitable is CECO ENVIRONMENTAL CORP (CECE) stock?

CECO ENVIRONMENTAL CORP (CECE) has a profitability rating of 4 / 10.


What is the earnings growth outlook for CECO ENVIRONMENTAL CORP?

The Earnings per Share (EPS) of CECO ENVIRONMENTAL CORP (CECE) is expected to grow by 106.2% in the next year.


Can you provide the dividend sustainability for CECE stock?

The dividend rating of CECO ENVIRONMENTAL CORP (CECE) is 0 / 10 and the dividend payout ratio is 0%.