Ceco Environmental Corp Stock Return On Equity
| CECO Stock | USD 23.83 0.66 2.85% |
CECO Environmental Corp fundamentals help investors to digest information that contributes to CECO Environmental's financial success or failures. It also enables traders to predict the movement of CECO Stock. The fundamental analysis module provides a way to measure CECO Environmental's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CECO Environmental stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.06 | 0.06 |
CECO | Return On Equity |
CECO Environmental Corp Company Return On Equity Analysis
CECO Environmental's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current CECO Environmental Return On Equity | 0.0637 |
Most of CECO Environmental's fundamental indicators, such as Return On Equity, 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 Return On Equity 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 Return On Equity. 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.
Click cells to compare fundamentals
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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CECO Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, CECO Environmental Corp has a Return On Equity of 0.0637. This is 97.59% lower than that of the Machinery sector and 101.3% lower than that of the Industrials industry. The return on equity for all United States stocks is 120.55% lower than that of the firm.
CECO Return On Equity 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 Return On Equity 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 return on equity category among related companies.
CECO Environmental Current Valuation Drivers
We derive many important indicators used in calculating different scores of CECO Environmental from analyzing CECO Environmental's financial statements. These drivers represent accounts that assess CECO Environmental's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CECO Environmental's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 652.6M | 247.2M | 221.8M | 408.9M | 716.6M | 752.4M | |
| Enterprise Value | 693.6M | 293.2M | 264.4M | 483.0M | 816.6M | 857.4M |
CECO Fundamentals
| Return On Equity | 0.0637 | ||||
| Return On Asset | 0.0455 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 918.58 M | ||||
| Shares Outstanding | 34.87 M | ||||
| Shares Owned By Insiders | 16.92 % | ||||
| Shares Owned By Institutions | 70.30 % | ||||
| Number Of Shares Shorted | 1.14 M | ||||
| Price To Earning | 23.49 X | ||||
| Price To Book | 3.45 X | ||||
| Price To Sales | 1.47 X | ||||
| Revenue | 544.85 M | ||||
| Gross Profit | 128.22 M | ||||
| EBITDA | 52.4 M | ||||
| Net Income | 12.91 M | ||||
| Cash And Equivalents | 281.83 M | ||||
| Cash Per Share | 4.01 X | ||||
| Total Debt | 155.48 M | ||||
| Debt To Equity | 16.60 % | ||||
| Current Ratio | 2.67 X | ||||
| Book Value Per Share | 6.68 X | ||||
| Cash Flow From Operations | 44.65 M | ||||
| Short Ratio | 2.97 X | ||||
| Earnings Per Share | 0.37 X | ||||
| Price To Earnings To Growth | 1.61 X | ||||
| Target Price | 26.5 | ||||
| Number Of Employees | 1.2 K | ||||
| Beta | 1.23 | ||||
| Market Capitalization | 807.91 M | ||||
| Total Asset | 613.11 M | ||||
| Retained Earnings | (6.39 M) | ||||
| Working Capital | 78.33 M | ||||
| Current Asset | 288.96 M | ||||
| Current Liabilities | 192.81 M | ||||
| Net Asset | 613.11 M |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CECO Environmental in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CECO Environmental's short interest history, or implied volatility extrapolated from CECO Environmental options trading.
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
| 0.76 | PFFVF | Pfeiffer Vacuum Tech | PairCorr |
| 0.82 | ARQ | Arq Inc Symbol Change | PairCorr |
| 0.83 | FSS | Federal Signal Earnings Call This Week | PairCorr |
| 0.76 | PCT | Purecycle Technologies Financial Report 14th of May 2024 | PairCorr |
Moving against CECO Stock
| 0.88 | SPEC | Spectaire Holdings Symbol Change | PairCorr |
| 0.81 | CDTI | CDTi Advanced Materials Earnings Call Tomorrow | PairCorr |
| 0.78 | LIQT | LiqTech International | PairCorr |
| 0.78 | TOMZ | TOMI Environmental Financial Report 20th of May 2024 | PairCorr |
| 0.49 | ERII | Energy Recovery Earnings Call This Week | 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.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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.
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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.