CECO Price To Sales Ratio vs Payout Ratio Analysis

CECO Stock

USD 31.36 1.16 3.84%

CECO Environmental financial indicator trend analysis is way more than just evaluating CECO Environmental Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CECO Environmental Corp is a good investment. Please check the relationship between CECO Environmental Price To Sales Ratio and its Payout Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Price To Sales Ratio vs Payout Ratio

Price To Sales Ratio vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CECO Environmental Corp Price To Sales Ratio account and Payout Ratio. At this time, the significance of the direction appears to have very week relationship.

The correlation between CECO Environmental's Price To Sales Ratio and Payout Ratio is 0.24. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of CECO Environmental Corp, assuming nothing else is changed. The correlation between historical values of CECO Environmental's Price To Sales Ratio and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of CECO Environmental Corp are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Price To Sales Ratio i.e., CECO Environmental's Price To Sales Ratio and Payout Ratio go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing CECO Environmental Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on CECO Environmental sales, a figure that is much harder to manipulate than other CECO Environmental Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Payout Ratio

Payout Ratio is the proportion of CECO Environmental Corp earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of CECO Environmental Corp dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating CECO Environmental Corp is paying out more in dividends than it makes in net income.

Most indicators from CECO Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CECO Environmental Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, CECO Environmental's Selling General Administrative is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 29.50, while Tax Provision is likely to drop about 4.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.0M	5.4M	13.4M	14.1M
Depreciation And Amortization	9.9M	10.6M	12.5M	13.1M

Interest Expense Depreciation And Amortization

CECO Environmental fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Accounts Payable	Other Current Assets	Common Stock	Short Term Investments
Total Assets		0.9	0.34	0.94	0.98	0.97	0.88	-0.25	0.86	0.99	0.52	0.86	0.95	0.65	0.96	0.96	0.92	0.99	0.97	0.56	0.83	0.65	0.93	0.53	0.76	0.78
Short Long Term Debt Total	0.9		0.14	0.83	0.84	0.87	0.88	0.01	0.76	0.89	0.48	0.76	0.84	0.43	0.91	0.88	0.72	0.91	0.86	0.77	0.83	0.53	0.83	0.26	0.57	0.55
Other Current Liab	0.34	0.14		0.44	0.4	0.37	0.07	-0.3	0.42	0.23	0.17	0.42	0.55	0.45	0.12	0.24	0.45	0.29	0.48	-0.02	-0.15	0.68	0.2	0.63	0.38	0.63
Total Current Liabilities	0.94	0.83	0.44		0.89	0.94	0.75	-0.29	0.94	0.88	0.51	0.94	0.98	0.59	0.84	0.89	0.86	0.96	0.99	0.55	0.63	0.66	0.91	0.5	0.65	0.85
Total Stockholder Equity	0.98	0.84	0.4	0.89		0.94	0.82	-0.32	0.82	0.97	0.48	0.82	0.91	0.73	0.91	0.92	0.96	0.94	0.94	0.44	0.8	0.7	0.9	0.6	0.84	0.79
Property Plant And Equipment Net	0.97	0.87	0.37	0.94	0.94		0.85	-0.19	0.84	0.94	0.55	0.84	0.95	0.57	0.89	0.93	0.87	0.96	0.96	0.57	0.74	0.64	0.9	0.49	0.69	0.75
Net Debt	0.88	0.88	0.07	0.75	0.82	0.85		0.02	0.57	0.93	0.5	0.57	0.76	0.42	0.97	0.88	0.69	0.9	0.78	0.69	0.92	0.37	0.79	0.31	0.56	0.44
Retained Earnings	-0.25	0.01	-0.3	-0.29	-0.32	-0.19	0.02		-0.39	-0.22	0.35	-0.39	-0.25	-0.7	-0.13	-0.08	-0.58	-0.22	-0.28	0.26	-0.11	-0.2	-0.45	-0.51	-0.62	-0.58
Cash	0.86	0.76	0.42	0.94	0.82	0.84	0.57	-0.39		0.77	0.38	1.0	0.9	0.61	0.71	0.8	0.83	0.86	0.93	0.44	0.52	0.7	0.86	0.48	0.66	0.86
Non Current Assets Total	0.99	0.89	0.23	0.88	0.97	0.94	0.93	-0.22	0.77		0.49	0.77	0.88	0.64	0.98	0.95	0.9	0.97	0.92	0.55	0.9	0.57	0.92	0.49	0.76	0.7
Non Currrent Assets Other	0.52	0.48	0.17	0.51	0.48	0.55	0.5	0.35	0.38	0.49		0.38	0.52	0.07	0.5	0.53	0.31	0.53	0.52	0.37	0.4	0.38	0.34	0.28	0.17	0.21
Cash And Short Term Investments	0.86	0.76	0.42	0.94	0.82	0.84	0.57	-0.39	1.0	0.77	0.38		0.9	0.61	0.71	0.8	0.83	0.86	0.93	0.44	0.52	0.7	0.86	0.48	0.66	0.86
Net Receivables	0.95	0.84	0.55	0.98	0.91	0.95	0.76	-0.25	0.9	0.88	0.52	0.9		0.61	0.83	0.88	0.87	0.95	0.99	0.53	0.62	0.72	0.87	0.54	0.67	0.85
Common Stock Shares Outstanding	0.65	0.43	0.45	0.59	0.73	0.57	0.42	-0.7	0.61	0.64	0.07	0.61	0.61		0.55	0.5	0.84	0.59	0.64	0.05	0.5	0.68	0.71	0.8	0.97	0.75
Non Current Liabilities Total	0.96	0.91	0.12	0.84	0.91	0.89	0.97	-0.13	0.71	0.98	0.5	0.71	0.83	0.55		0.94	0.82	0.96	0.87	0.62	0.94	0.48	0.89	0.41	0.68	0.59
Inventory	0.96	0.88	0.24	0.89	0.92	0.93	0.88	-0.08	0.8	0.95	0.53	0.8	0.88	0.5	0.94		0.82	0.95	0.91	0.56	0.81	0.59	0.85	0.36	0.63	0.66
Other Stockholder Equity	0.92	0.72	0.45	0.86	0.96	0.87	0.69	-0.58	0.83	0.9	0.31	0.83	0.87	0.84	0.82	0.82		0.88	0.9	0.3	0.71	0.68	0.92	0.68	0.91	0.87
Total Liab	0.99	0.91	0.29	0.96	0.94	0.96	0.9	-0.22	0.86	0.97	0.53	0.86	0.95	0.59	0.96	0.95	0.88		0.97	0.61	0.82	0.6	0.94	0.47	0.7	0.75
Total Current Assets	0.97	0.86	0.48	0.99	0.94	0.96	0.78	-0.28	0.93	0.92	0.52	0.93	0.99	0.64	0.87	0.91	0.9	0.97		0.54	0.68	0.73	0.91	0.56	0.72	0.85
Short Term Debt	0.56	0.77	-0.02	0.55	0.44	0.57	0.69	0.26	0.44	0.55	0.37	0.44	0.53	0.05	0.62	0.56	0.3	0.61	0.54		0.57	0.34	0.47	0.07	0.17	0.18
Intangible Assets	0.83	0.83	-0.15	0.63	0.8	0.74	0.92	-0.11	0.52	0.9	0.4	0.52	0.62	0.5	0.94	0.81	0.71	0.82	0.68	0.57		0.29	0.8	0.3	0.65	0.38
Other Assets	0.65	0.53	0.68	0.66	0.7	0.64	0.37	-0.2	0.7	0.57	0.38	0.7	0.72	0.68	0.48	0.59	0.68	0.6	0.73	0.34	0.29		0.51	0.75	0.69	0.74
Accounts Payable	0.93	0.83	0.2	0.91	0.9	0.9	0.79	-0.45	0.86	0.92	0.34	0.86	0.87	0.71	0.89	0.85	0.92	0.94	0.91	0.47	0.8	0.51		0.48	0.79	0.78
Other Current Assets	0.53	0.26	0.63	0.5	0.6	0.49	0.31	-0.51	0.48	0.49	0.28	0.48	0.54	0.8	0.41	0.36	0.68	0.47	0.56	0.07	0.3	0.75	0.48		0.75	0.66
Common Stock	0.76	0.57	0.38	0.65	0.84	0.69	0.56	-0.62	0.66	0.76	0.17	0.66	0.67	0.97	0.68	0.63	0.91	0.7	0.72	0.17	0.65	0.69	0.79	0.75		0.73
Short Term Investments	0.78	0.55	0.63	0.85	0.79	0.75	0.44	-0.58	0.86	0.7	0.21	0.86	0.85	0.75	0.59	0.66	0.87	0.75	0.85	0.18	0.38	0.74	0.78	0.66	0.73

Click cells to compare fundamentals

CECO Environmental Account Relationship Matchups

CECO Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	408.6M	419.3M	416.2M	504.7M	613.1M	643.8M
Short Long Term Debt Total	76.6M	81.9M	72.5M	119.7M	155.5M	163.3M
Other Current Liab	21.3M	47.0M	53.7M	62.6M	32.1M	33.8M
Total Current Liabilities	115.2M	109.4M	116.7M	146.7M	203.1M	213.3M
Total Stockholder Equity	193.0M	202.7M	204.6M	213.2M	232.6M	244.3M
Property Plant And Equipment Net	28.9M	27.6M	26.8M	32.2M	42.5M	44.6M
Net Debt	41.0M	45.9M	42.6M	74.1M	100.0M	105.0M
Retained Earnings	(46.3M)	(38.1M)	(36.7M)	(19.3M)	(6.4M)	(6.7M)
Cash	43.7M	35.6M	36.0M	45.5M	55.4M	58.2M
Non Current Assets Total	229.1M	235.8M	227.2M	264.1M	331.7M	348.3M
Non Currrent Assets Other	2.7M	3.8M	3.2M	3.1M	5.0M	5.3M
Cash And Short Term Investments	43.7M	35.6M	36.0M	45.5M	55.4M	58.2M
Net Receivables	103.2M	108.5M	126.4M	154.1M	179.3M	188.3M
Common Stock Shares Outstanding	35.5M	35.5M	35.6M	35.0M	35.3M	18.5M
Liabilities And Stockholders Equity	408.6M	419.3M	416.2M	504.7M	613.1M	643.8M
Non Current Liabilities Total	100.4M	106.3M	93.6M	139.9M	172.5M	181.1M
Inventory	20.6M	17.3M	17.1M	26.5M	34.1M	35.8M
Other Stockholder Equity	253.5M	254.9M	253.0M	250.2M	255.0M	267.7M
Total Liab	215.6M	215.7M	210.2M	286.6M	375.6M	394.4M
Total Current Assets	179.5M	183.5M	189.0M	240.7M	281.4M	295.5M
Short Term Debt	2.5M	6.0M	5.2M	7.5M	17.3M	18.1M
Intangible Assets	45.6M	42.6M	35.5M	44.8M	60.0M	63.0M
Other Assets	2.7M	3.8M	3.7M	3.9M	4.5M	3.0M
Accounts Payable	78.3M	55.9M	56.2M	73.4M	87.7M	92.1M
Other Current Assets	9.9M	21.6M	15.6M	14.5M	13.3M	7.4M
Common Stock	353K	355K	350K	344K	348K	214.8K
Current Deferred Revenue	34.4M	20.7M	28.9M	32.7M	64.8M	35.4M
Accumulated Other Comprehensive Income	(14.5M)	(14.5M)	(12.1M)	(18.0M)	(16.3M)	(15.5M)
Good Will	152.0M	161.8M	161.2M	183.2M	211.3M	122.0M
Other Liab	19.0M	20.8M	17.0M	18.3M	16.4M	17.7M
Net Tangible Assets	(4.6M)	(1.7M)	7.9M	(14.7M)	(16.9M)	(17.8M)
Long Term Debt	63.0M	69.5M	61.6M	107.6M	126.8M	92.2M
Deferred Long Term Liab	1.8M	3.8M	3.2M	8.7M	10.0M	10.5M
Net Invested Capital	258.5M	275.3M	268.3M	324.4M	372.4M	321.5M
Short Long Term Debt	2.5M	3.1M	2.2M	3.6M	13.0M	13.6M
Capital Stock	353K	355K	350K	344K	348K	279.9K
Non Current Liabilities Other	20.4M	20.6M	14.8M	23.6M	12.6M	15.9M
Net Working Capital	64.3M	74.1M	72.3M	94.0M	78.3M	80.7M
Property Plant Equipment	28.9M	27.6M	26.8M	20.8M	18.7M	20.2M

Pair Trading with CECO Environmental

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CECO Environmental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CECO Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with CECO Stock

0.7

FSS

Federal Signal

Pair Corr

Moving against CECO Stock

0.42	PCTTU	Purecycle Technologies	Pair Corr
0.4	SCWO	374Water Common Stock	Pair Corr
0.39	ERII	Energy Recovery	Pair Corr
0.39	J	Jacobs Solutions	Pair Corr
0.36	PCTTW	PureCycle Technologies	Pair Corr

The ability to find closely correlated positions to CECO Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CECO Environmental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CECO Environmental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CECO Environmental Corp to buy it.

The correlation of CECO Environmental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CECO Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CECO Environmental Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CECO Environmental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether CECO Environmental Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CECO Environmental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ceco Environmental Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ceco Environmental Corp Stock:

How To Invest In CECO

Details

Is CECO Stock a good investment?

Details

What is CECO Environmental's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

View

Largest Pollution & Treatment Controls Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CECO Environmental. If investors know CECO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CECO Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.34)

Earnings Share

0.33

Revenue Per Share

15.853

Quarterly Revenue Growth

(0.09)

Return On Assets

0.0424

The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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CECO Price To Sales Ratio vs Payout Ratio Analysis

Price To Sales Ratio vs Payout Ratio

Price To Sales Ratio vs Payout Ratio Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Payout Ratio

CECO Environmental fundamental ratios Correlations

CECO Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CECO Environmental fundamental ratios Accounts

Pair Trading with CECO Environmental

Moving together with CECO Stock

Moving against CECO Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Net Receivables
Total Stockholder Equity	+ 0.98	Total Assets

Common Stock Shares Outstanding	- 0.7	Retained Earnings
Common Stock	- 0.62	Retained Earnings
Short Term Investments	- 0.58	Retained Earnings
Other Stockholder Equity	- 0.58	Retained Earnings
Other Current Assets	- 0.51	Retained Earnings
Accounts Payable	- 0.45	Retained Earnings