CECO Environmental Price To Earning vs. Current Valuation
| CECO Stock | USD 30.20 0.23 0.77% |
For CECO Environmental profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CECO Environmental to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CECO Environmental Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CECO Environmental's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CECO Environmental Corp over time as well as its relative position and ranking within its peers.
CECO |
CECO Environmental's Revenue Breakdown by Earning Segment
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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.
CECO Environmental Corp Current Valuation vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CECO Environmental's current stock value. Our valuation model uses many indicators to compare CECO Environmental value to that of its competitors to determine the firm's financial worth. CECO Environmental Corp is rated third in price to earning category among its peers. It also is rated third in current valuation category among its peers reporting about 49,758,074 of Current Valuation per Price To Earning. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CECO Environmental's earnings, one of the primary drivers of an investment's value.CECO Current Valuation vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
CECO Environmental |
| = | 23.49 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
CECO Environmental |
| = | 1.17 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
CECO Current Valuation vs Competition
CECO Environmental Corp is rated third in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is currently estimated at about 14.84 Billion. CECO Environmental holds roughly 1.17 Billion in current valuation claiming about 8% of equities under Industrials industry.
CECO Environmental Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CECO Environmental, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CECO Environmental will eventually generate negative long term returns. The profitability progress is the general direction of CECO Environmental's change in net profit over the period of time. It can combine multiple indicators of CECO Environmental, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -16.3 M | -15.5 M | |
| Operating Income | 34.6 M | 36.3 M | |
| Income Before Tax | 21.5 M | 22.6 M | |
| Total Other Income Expense Net | -13 M | -12.4 M | |
| Net Income | 12.9 M | 13.6 M | |
| Income Tax Expense | 7 M | 7.4 M | |
| Net Interest Income | -13.4 M | -12.7 M | |
| Net Income From Continuing Ops | 14.5 M | 9.8 M | |
| Net Income Applicable To Common Shares | 20 M | 21 M | |
| Non Operating Income Net Other | 6.3 M | 5.6 M | |
| Change To Netincome | 3.3 M | 4.1 M | |
| Net Income Per Share | 0.37 | 0.39 | |
| Income Quality | 3.46 | 3.63 | |
| Net Income Per E B T | 0.60 | 0.46 |
CECO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CECO Environmental. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of CECO Environmental position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the CECO Environmental's important profitability drivers and their relationship over time.
Use CECO Environmental in pair-trading
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.CECO Environmental Pair Trading
CECO Environmental Corp Pair Trading Analysis
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.Use Investing Themes to Complement your CECO Environmental position
In addition to having CECO Environmental in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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To fully project CECO Environmental's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of CECO Environmental Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include CECO Environmental's income statement, its balance sheet, and the statement of cash flows.