Ceco Environmental Corp Stock Current Valuation

CECO Stock  USD 22.99  0.38  1.68%   
Valuation analysis of CECO Environmental Corp helps investors to measure CECO Environmental's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 28th of March 2024, Enterprise Value Multiple is likely to grow to 23.47. Fundamental drivers impacting CECO Environmental's valuation include:
Price Book
3.3826
Enterprise Value
887.6 M
Enterprise Value Ebitda
18.7074
Price Sales
1.4466
Forward PE
23.6407
Overvalued
Today
22.99
Please note that CECO Environmental's price fluctuation is not too volatile at this time. Calculation of the real value of CECO Environmental Corp is based on 3 months time horizon. Increasing CECO Environmental's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for CECO Environmental Corp is useful when determining the fair value of the CECO stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of CECO Environmental. Since CECO Environmental is currently traded on the exchange, buyers and sellers on that exchange determine the market value of CECO Stock. However, CECO Environmental's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  22.99 Real  21.6 Target  21.2 Hype  23.04 Naive  23.33
The real value of CECO Stock, also known as its intrinsic value, is the underlying worth of CECO Environmental Corp Company, which is reflected in its stock price. It is based on CECO Environmental's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of CECO Environmental's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence CECO Environmental's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
21.60
Real Value
24.96
Upside
Estimating the potential upside or downside of CECO Environmental Corp helps investors to forecast how CECO stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of CECO Environmental more accurately as focusing exclusively on CECO Environmental's fundamentals will not take into account other important factors:
Earnings
Estimates (0)
LowProjectedHigh
0.030.110.19
Details
Hype
Prediction
LowEstimatedHigh
19.6823.0426.40
Details
Naive
Forecast
LowNext ValueHigh
19.9723.3326.69
Details
6 Analysts
Consensus
LowTarget PriceHigh
19.2921.2023.53
Details

CECO Current Valuation Analysis

CECO Environmental's 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.
 2021 2022 2023 2024 (projected)
Interest Expense3.0M5.4M13.4M14.1M
Depreciation And Amortization7.0M10.6M12.5M13.1M

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current CECO Environmental Current Valuation

    
  887.63 M  
Most of CECO Environmental's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CECO Environmental Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

CECO Current Valuation Driver Correlations

Understanding the fundamental principles of building solid financial models for CECO Environmental is extremely important. It helps to project a fair market value of CECO Stock properly, considering its historical fundamentals such as Current Valuation. Since CECO Environmental's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of CECO Environmental's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of CECO Environmental's interrelated accounts and indicators.
0.310.980.88-0.250.950.920.990.970.820.830.920.640.760.780.760.9-0.50.270.50.410.560.530.54-0.370.5-0.14-0.48-0.48
0.310.220.21-0.040.420.210.350.410.30.030.130.080.00.420.560.03-0.40.040.340.480.560.560.75-0.540.28-0.29-0.73-0.73
0.980.220.82-0.320.910.960.940.940.740.80.920.660.840.790.70.92-0.530.390.490.290.480.450.43-0.270.490.03-0.37-0.37
0.880.210.820.020.760.690.90.780.940.920.710.490.560.440.520.83-0.18-0.040.250.360.370.360.38-0.30.25-0.3-0.37-0.37
-0.25-0.04-0.320.02-0.25-0.58-0.22-0.28-0.06-0.11-0.51-0.5-0.62-0.58-0.26-0.340.24-0.4-0.080.220.080.080.12-0.15-0.11-0.45-0.16-0.16
0.950.420.910.76-0.250.870.950.990.70.620.910.60.670.850.840.79-0.690.410.690.540.740.70.67-0.460.69-0.16-0.59-0.59
0.920.210.960.69-0.580.870.880.90.650.710.950.730.910.870.70.89-0.550.460.470.20.410.380.35-0.20.480.15-0.28-0.28
0.990.350.940.9-0.220.950.880.970.860.820.890.620.70.750.770.87-0.460.190.490.470.590.570.58-0.410.48-0.23-0.53-0.53
0.970.410.940.78-0.280.990.90.970.730.680.920.650.720.850.840.82-0.630.360.630.510.690.660.64-0.440.64-0.15-0.57-0.57
0.820.30.740.94-0.060.70.650.860.730.870.630.350.470.390.520.74-0.14-0.090.220.350.360.350.46-0.350.16-0.33-0.45-0.45
0.830.030.80.92-0.110.620.710.820.680.870.680.520.650.380.40.840.04-0.130.00.120.090.090.14-0.13-0.01-0.17-0.15-0.15
0.920.130.920.71-0.510.910.950.890.920.630.680.720.860.850.710.88-0.560.430.510.30.480.450.35-0.210.570.06-0.27-0.27
0.640.080.660.49-0.50.60.730.620.650.350.520.720.810.660.620.73-0.340.320.370.220.220.290.110.170.330.10.040.04
0.760.00.840.56-0.620.670.910.70.720.470.650.860.810.730.610.9-0.390.440.340.10.140.210.040.220.310.280.10.1
0.780.420.790.44-0.580.850.870.750.850.390.380.850.660.730.770.67-0.750.580.660.350.610.580.56-0.330.660.12-0.47-0.47
0.760.560.70.52-0.260.840.70.770.840.520.40.710.620.610.770.65-0.690.380.710.660.70.790.71-0.210.59-0.18-0.52-0.52
0.90.030.920.83-0.340.790.890.870.820.740.840.880.730.90.670.65-0.370.290.390.280.30.350.220.050.350.02-0.09-0.09
-0.5-0.4-0.53-0.180.24-0.69-0.55-0.46-0.63-0.140.04-0.56-0.34-0.39-0.75-0.69-0.37-0.84-0.87-0.41-0.75-0.73-0.630.32-0.87-0.240.490.49
0.270.040.39-0.04-0.40.410.460.190.36-0.09-0.130.430.320.440.580.380.29-0.840.63-0.090.30.280.180.010.590.68-0.08-0.08
0.50.340.490.25-0.080.690.470.490.630.220.00.510.370.340.660.710.39-0.870.630.670.860.880.71-0.270.89-0.1-0.52-0.52
0.410.480.290.360.220.540.20.470.510.350.120.30.220.10.350.660.28-0.41-0.090.670.830.920.73-0.280.63-0.72-0.54-0.54
0.560.560.480.370.080.740.410.590.690.360.090.480.220.140.610.70.3-0.750.30.860.830.950.89-0.620.88-0.43-0.79-0.79
0.530.560.450.360.080.70.380.570.660.350.090.450.290.210.580.790.35-0.730.280.880.920.950.87-0.40.82-0.45-0.68-0.68
0.540.750.430.380.120.670.350.580.640.460.140.350.110.040.560.710.22-0.630.180.710.730.890.87-0.70.61-0.44-0.94-0.94
-0.37-0.54-0.27-0.3-0.15-0.46-0.2-0.41-0.44-0.35-0.13-0.210.170.22-0.33-0.210.050.320.01-0.27-0.28-0.62-0.4-0.7-0.390.360.890.89
0.50.280.490.25-0.110.690.480.480.640.16-0.010.570.330.310.660.590.35-0.870.590.890.630.880.820.61-0.39-0.09-0.48-0.48
-0.14-0.290.03-0.3-0.45-0.160.15-0.23-0.15-0.33-0.170.060.10.280.12-0.180.02-0.240.68-0.1-0.72-0.43-0.45-0.440.36-0.090.430.43
-0.48-0.73-0.37-0.37-0.16-0.59-0.28-0.53-0.57-0.45-0.15-0.270.040.1-0.47-0.52-0.090.49-0.08-0.52-0.54-0.79-0.68-0.940.89-0.480.431.0
-0.48-0.73-0.37-0.37-0.16-0.59-0.28-0.53-0.57-0.45-0.15-0.270.040.1-0.47-0.52-0.090.49-0.08-0.52-0.54-0.79-0.68-0.940.89-0.480.431.0
Click cells to compare fundamentals
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.
Competition

In accordance with the recently published financial statements, CECO Environmental Corp has a Current Valuation of 887.63 M. This is 95.43% lower than that of the Machinery sector and 65.07% lower than that of the Industrials industry. The current valuation for all United States stocks is 94.66% higher than that of the company.

CECO Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CECO Environmental's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CECO Environmental could also be used in its relative valuation, which is a method of valuing CECO Environmental by comparing valuation metrics of similar companies.
CECO Environmental is currently under evaluation in current valuation category among related companies.

CECO Fundamentals

About CECO Environmental Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze CECO Environmental Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CECO Environmental using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CECO Environmental Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Perdoceo Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. Perdoceo Education Corporation was founded in 1994 and is headquartered in Schaumburg, Illinois. Career Education operates under Education Training Services classification in USA and is traded on NASDAQ. It employs 2321 people.

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

  0.74PFFVF Pfeiffer Vacuum TechPairCorr
  0.69ARQ Arq Inc Symbol ChangePairCorr
  0.74FSS Federal Signal Financial Report 7th of May 2024 PairCorr

Moving against CECO Stock

  0.77SPEC Spectaire Holdings Symbol ChangePairCorr
  0.66CDTI CDTi Advanced MaterialsPairCorr
  0.55TOMZ TOMI Environmental Financial Report 20th of May 2024 PairCorr
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 CorrelationCorrelation 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:
Check out CECO Environmental Piotroski F Score and CECO Environmental Altman Z Score analysis.
Note that the CECO Environmental Corp information on this page should be used as a complementary analysis to other CECO Environmental's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for CECO Stock analysis

When running CECO Environmental's price analysis, check to measure CECO Environmental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CECO Environmental is operating at the current time. Most of CECO Environmental's value examination focuses on studying past and present price action to predict the probability of CECO Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CECO Environmental's price. Additionally, you may evaluate how the addition of CECO Environmental to your portfolios can decrease your overall portfolio volatility.
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Is CECO Environmental's industry 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
(0.54)
Earnings Share
0.37
Revenue Per Share
15.717
Quarterly Revenue Growth
0.321
Return On Assets
0.0455
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.