CECO ENVIRONMENTAL CORP (CECO) Fundamental Analysis & Valuation

NASDAQ:CECO • US1251411013

54.55 USD
-0.96 (-1.73%)
At close: Mar 5, 2026
54.55 USD
0 (0%)
After Hours: 3/5/2026, 4:30:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

4

Overall CECO gets a fundamental rating of 4 out of 10. We evaluated CECO against 130 industry peers in the Machinery industry. While CECO is still in line with the averages on profitability rating, there are concerns on its financial health. CECO is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

6

1. CECO Profitability Analysis

1.1 Basic Checks

  • In the past year CECO was profitable.
  • CECO had a positive operating cash flow in the past year.
  • CECO had positive earnings in each of the past 5 years.
  • CECO had a positive operating cash flow in each of the past 5 years.
CECO Yearly Net Income VS EBIT VS OCF VS FCFCECO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.60%, CECO is in the better half of the industry, outperforming 63.08% of the companies in the same industry.
  • CECO has a better Return On Equity (15.76%) than 76.15% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.47%, CECO is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • CECO had an Average Return On Invested Capital over the past 3 years of 6.60%. This is below the industry average of 10.21%.
Industry RankSector Rank
ROA 5.6%
ROE 15.76%
ROIC 6.47%
ROA(3y)3.15%
ROA(5y)2.65%
ROE(3y)8.85%
ROE(5y)7.08%
ROIC(3y)6.6%
ROIC(5y)5.66%
CECO Yearly ROA, ROE, ROICCECO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • CECO's Profit Margin of 6.46% is in line compared to the rest of the industry. CECO outperforms 56.15% of its industry peers.
  • CECO's Profit Margin has improved in the last couple of years.
  • CECO has a Operating Margin (6.75%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of CECO has grown nicely.
  • Looking at the Gross Margin, with a value of 34.75%, CECO is in the better half of the industry, outperforming 63.08% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CECO has remained more or less at the same level.
Industry RankSector Rank
OM 6.75%
PM (TTM) 6.46%
GM 34.75%
OM growth 3Y2.27%
OM growth 5Y3.14%
PM growth 3Y16.22%
PM growth 5Y20.02%
GM growth 3Y4.62%
GM growth 5Y0.79%
CECO Yearly Profit, Operating, Gross MarginsCECO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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2

2. CECO Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CECO is destroying value.
  • CECO has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, CECO has more shares outstanding
  • Compared to 1 year ago, CECO has an improved debt to assets ratio.
CECO Yearly Shares OutstandingCECO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
CECO Yearly Total Debt VS Total AssetsCECO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 3.35 indicates that CECO is not in any danger for bankruptcy at the moment.
  • CECO has a Altman-Z score (3.35) which is comparable to the rest of the industry.
  • CECO has a Debt/Equity ratio of 0.66. This is a neutral value indicating CECO is somewhat dependend on debt financing.
  • CECO has a Debt to Equity ratio of 0.66. This is in the lower half of the industry: CECO underperforms 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF N/A
Altman-Z 3.35
ROIC/WACC0.7
WACC9.29%
CECO Yearly LT Debt VS Equity VS FCFCECO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M

2.3 Liquidity

  • CECO has a Current Ratio of 1.34. This is a normal value and indicates that CECO is financially healthy and should not expect problems in meeting its short term obligations.
  • CECO's Current ratio of 1.34 is on the low side compared to the rest of the industry. CECO is outperformed by 80.77% of its industry peers.
  • A Quick Ratio of 0.79 indicates that CECO may have some problems paying its short term obligations.
  • CECO's Quick ratio of 0.79 is on the low side compared to the rest of the industry. CECO is outperformed by 77.69% of its industry peers.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 0.79
CECO Yearly Current Assets VS Current LiabilitesCECO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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

8

3. CECO Growth Analysis

3.1 Past

  • CECO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.00%, which is quite impressive.
  • Measured over the past years, CECO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.95% on average per year.
  • Looking at the last year, CECO shows a very strong growth in Revenue. The Revenue has grown by 38.79%.
  • CECO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.63% yearly.
EPS 1Y (TTM)25%
EPS 3Y7.23%
EPS 5Y9.95%
EPS Q2Q%11.11%
Revenue 1Y (TTM)38.79%
Revenue growth 3Y22.37%
Revenue growth 5Y19.63%
Sales Q2Q%35.4%

3.2 Future

  • The Earnings Per Share is expected to grow by 53.09% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 17.66% on average over the next years. This is quite good.
EPS Next Y69.77%
EPS Next 2Y53.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year24.14%
Revenue Next 2Y17.66%
Revenue Next 3YN/A
Revenue Next 5YN/A

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 stable.
CECO Yearly Revenue VS EstimatesCECO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
CECO Yearly EPS VS EstimatesCECO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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2

4. CECO Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 60.61 indicates a quite expensive valuation of CECO.
  • Based on the Price/Earnings ratio, CECO is valued a bit more expensive than 69.23% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.03. CECO is valued rather expensively when compared to this.
  • CECO is valuated quite expensively with a Price/Forward Earnings ratio of 35.70.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CECO indicates a slightly more expensive valuation: CECO is more expensive than 64.62% of the companies listed in the same industry.
  • CECO's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.11.
Industry RankSector Rank
PE 60.61
Fwd PE 35.7
CECO Price Earnings VS Forward Price EarningsCECO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CECO is valued a bit more expensive than 70.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 28
CECO Per share dataCECO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

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.
  • CECO has a very decent profitability rating, which may justify a higher PE ratio.
  • CECO's earnings are expected to grow with 53.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.87
PEG (5Y)6.09
EPS Next 2Y53.09%
EPS Next 3YN/A

More info and screens

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

0

5. CECO Dividend Analysis

5.1 Amount

  • No dividends for CECO!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CECO Fundamentals: All Metrics, Ratios and Statistics

CECO ENVIRONMENTAL CORP

NASDAQ:CECO (3/5/2026, 4:30:00 PM)

After market: 54.55 0 (0%)

54.55

-0.96 (-1.73%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)02-24
Earnings (Next)04-27
Inst Owners83.04%
Inst Owner Change-99.96%
Ins Owners10.36%
Ins Owner Change0.27%
Market Cap1.95B
Revenue(TTM)774.38M
Net Income(TTM)50.05M
Analysts81.67
Price Target65.28 (19.67%)
Short Float %6.36%
Short Ratio4.36
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.27%
Min EPS beat(2)-24.2%
Max EPS beat(2)-0.35%
EPS beat(4)2
Avg EPS beat(4)5.96%
Min EPS beat(4)-24.2%
Max EPS beat(4)33.06%
EPS beat(8)4
Avg EPS beat(8)2.3%
EPS beat(12)7
Avg EPS beat(12)4.49%
EPS beat(16)11
Avg EPS beat(16)26.13%
Revenue beat(2)2
Avg Revenue beat(2)2.53%
Min Revenue beat(2)1.77%
Max Revenue beat(2)3.29%
Revenue beat(4)4
Avg Revenue beat(4)5.28%
Min Revenue beat(4)1.73%
Max Revenue beat(4)14.32%
Revenue beat(8)4
Avg Revenue beat(8)-1.29%
Revenue beat(12)8
Avg Revenue beat(12)1.15%
Revenue beat(16)12
Avg Revenue beat(16)3.54%
PT rev (1m)1.32%
PT rev (3m)8.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.29%
Valuation
Industry RankSector Rank
PE 60.61
Fwd PE 35.7
P/S 2.51
P/FCF N/A
P/OCF 331.93
P/B 6.13
P/tB N/A
EV/EBITDA 28
EPS(TTM)0.9
EY1.65%
EPS(NY)1.53
Fwd EY2.8%
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)0.16
OCFY0.3%
SpS21.71
BVpS8.9
TBVpS-2.17
PEG (NY)0.87
PEG (5Y)6.09
Graham Number13.43
Profitability
Industry RankSector Rank
ROA 5.6%
ROE 15.76%
ROCE 8.88%
ROIC 6.47%
ROICexc 6.85%
ROICexgc 23.78%
OM 6.75%
PM (TTM) 6.46%
GM 34.75%
FCFM N/A
ROA(3y)3.15%
ROA(5y)2.65%
ROE(3y)8.85%
ROE(5y)7.08%
ROIC(3y)6.6%
ROIC(5y)5.66%
ROICexc(3y)7.28%
ROICexc(5y)6.29%
ROICexgc(3y)29.48%
ROICexgc(5y)24.81%
ROCE(3y)9.09%
ROCE(5y)7.79%
ROICexgc growth 3Y1.17%
ROICexgc growth 5Y4.44%
ROICexc growth 3Y3.35%
ROICexc growth 5Y7.14%
OM growth 3Y2.27%
OM growth 5Y3.14%
PM growth 3Y16.22%
PM growth 5Y20.02%
GM growth 3Y4.62%
GM growth 5Y0.79%
F-Score5
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF N/A
Debt/EBITDA 2.73
Cap/Depr 45.59%
Cap/Sales 1.46%
Interest Coverage 2.56
Cash Conversion 7.6%
Profit Quality N/A
Current Ratio 1.34
Quick Ratio 0.79
Altman-Z 3.35
F-Score5
WACC9.29%
ROIC/WACC0.7
Cap/Depr(3y)77.4%
Cap/Depr(5y)58.13%
Cap/Sales(3y)2.04%
Cap/Sales(5y)1.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)25%
EPS 3Y7.23%
EPS 5Y9.95%
EPS Q2Q%11.11%
EPS Next Y69.77%
EPS Next 2Y53.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)38.79%
Revenue growth 3Y22.37%
Revenue growth 5Y19.63%
Sales Q2Q%35.4%
Revenue Next Year24.14%
Revenue Next 2Y17.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y25.57%
EBIT growth 3Y25.15%
EBIT growth 5Y23.39%
EBIT Next Year100.72%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-173.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-76.39%
OCF growth 3Y-41.74%
OCF growth 5Y5.81%

CECO ENVIRONMENTAL CORP / CECO FAQ

What is the ChartMill fundamental rating of CECO ENVIRONMENTAL CORP (CECO) stock?

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


What is the valuation status for CECO stock?

ChartMill assigns a valuation rating of 2 / 10 to CECO ENVIRONMENTAL CORP (CECO). This can be considered as Overvalued.


What is the profitability of CECO stock?

CECO ENVIRONMENTAL CORP (CECO) has a profitability rating of 6 / 10.


How financially healthy is CECO ENVIRONMENTAL CORP?

The financial health rating of CECO ENVIRONMENTAL CORP (CECO) is 2 / 10.


Can you provide the dividend sustainability for CECO stock?

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