A Business at a Glance
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CECO ENVIRONMENTAL CORP
CECO
$2.8B
Mkt Cap
$75.63
-4.98%
CECO ENVIRONMENTAL CORP (CECO) has a current P/E ratio of 55.2, compared to its historical median P/E of 37.4. The stock is currently considered Fair based on its historical valuation range.
CECO ENVIRONMENTAL CORP (CECO) has a 5-year average return on invested capital (ROIC) of 7.7%. This is below average and may indicate limited pricing power.
CECO ENVIRONMENTAL CORP (CECO) has a market capitalization of $2.8B. It is classified as a mid-cap stock.
CECO ENVIRONMENTAL CORP (CECO) does not currently pay a regular dividend.
Based on historical P/E analysis, CECO ENVIRONMENTAL CORP (CECO) appears fair. The current P/E of 55.2 is 48% above its historical median of 37.4. The estimated fair value CAGR (P/E method) is 21.6%.
CECO ENVIRONMENTAL CORP (CECO) operates in the Industrial & Commercial Fans & Blowers & Air Purifing Equip industry, within the Industrials sector.
CECO ENVIRONMENTAL CORP (CECO) reported annual revenue of $774 million in its most recent fiscal year, based on SEC EDGAR filings.
CECO Environmental Corp. (“CECO”, “we”, “us”, “our” or the “Company”) is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets globally by providing innovative technology and application expertise. We help companies grow their businesses with safe, clean, and more efficient solutions that help protect people, the environment, and industrial equipment. Our solutions improve air and water quality, optimize emissions management, and increase the energy and process efficiency for highly engineered applications in power generation, midstream and downstream hydrocarbon processing and transport, chemical processing, electric vehicle production, polysilicon fabrication, semiconductor and electronics production, battery production and recycling, specialty metals, aluminum and steel production, beverage can manufacturing, industrial and produced water and wastewater treatment, and a wide ra
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 774M | 774M | 558M | 545M | 423M | 324M |
| Net Income | 50M | 50M | 13M | 13M | 17M | 1.4M |
| EPS | $1.37 | $1.37 | $0.36 | $0.37 | $0.50 | $0.04 |
| Free Cash Flow | -5.5M | -5.5M | 7.5M | 36M | 26M | 11M |
| ROIC | 12.7% | 14.2% | 7.5% | 7.6% | 6.5% | 2.4% |
| Gross Margin | 34.8% | 34.8% | 35.2% | 31.4% | 30.3% | 31.1% |
| Debt/Equity | 0.76 | 0.76 | 0.98 | 0.66 | 0.58 | 0.37 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 106M | 106M | 35M | 35M | 22M | 9.9M |
| Operating Margin | 13.7% | 13.7% | 6.3% | 6.3% | 5.2% | 3.0% |
| ROE | 15.8% | 17.7% | 5.4% | 5.8% | 8.3% | 0.7% |
| Shares Outstanding | 37M | 37M | 36M | 35M | 35M | 36M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 263M | 367M | 417M | 345M | 337M | 342M | 316M | 324M | 423M | 545M | 558M | 774M | 774M |
| Gross Margin | 32.2% | 29.7% | 32.3% | 32.8% | 33.1% | 33.4% | 33.3% | 31.1% | 30.3% | 31.4% | 35.2% | 34.8% | 34.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 51M | 67M | 82M | 89M | 87M | 86M | 77M | 82M | 93M | 123M | 147M | 201M | 201M |
| EBIT | 22M | 4.9M | -26M | 8.0M | 10M | 18M | 13M | 9.9M | 22M | 35M | 35M | 106M | 106M |
| Op. Margin | 8.2% | 1.3% | -6.1% | 2.3% | 3.0% | 5.3% | 4.2% | 3.0% | 5.2% | 6.3% | 6.3% | 13.7% | 13.7% |
| Net Income | 13M | -5.6M | -38M | -3.0M | -7.1M | 18M | 8.2M | 1.4M | 17M | 13M | 13M | 50M | 50M |
| Net Margin | 5.0% | -1.5% | -9.2% | -0.9% | -2.1% | 5.2% | 2.6% | 0.4% | 4.1% | 2.4% | 2.3% | 6.5% | 6.5% |
| Non-Recurring | 62K | 303K | 54M | 6.2M | -4.4M | 1.2M | 2.3M | 715K | 65K | 1.4M | 544K | -1.4M | -1.4M |
| Returns on Capital | |||||||||||||
| ROIC | 5.8% | 1.5% | -10.9% | 1.8% | 2.5% | 8.0% | 3.9% | 2.4% | 6.5% | 7.6% | 7.5% | 14.2% | 12.7% |
| ROE | 7.4% | -2.7% | -17.8% | -1.6% | -3.9% | 9.5% | 4.2% | 0.7% | 8.3% | 5.8% | 5.4% | 17.7% | 15.8% |
| ROA | 3.4% | -1.1% | -7.0% | -0.6% | -1.7% | 4.4% | 2.0% | 0.3% | 3.8% | 2.3% | 1.9% | 6.1% | 5.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 18M | 13M | 70M | 6.6M | 22M | 10M | 4.4M | 13M | 30M | 45M | 25M | 5.9M | 5.9M |
| Free Cash Flow | 17M | 12M | 69M | 5.5M | 19M | 4.6M | 476K | 11M | 26M | 36M | 7.5M | -5.5M | -5.5M |
| Owner Earnings | 4.7M | -6.0M | 48M | -11M | 5.5M | -3.1M | -7.3M | 110K | 15M | 28M | 2.8M | -32M | -32M |
| CapEx | 1.2M | 763K | 1.1M | 1.0M | 3.1M | 5.7M | 3.9M | 2.6M | 3.4M | 8.4M | 17M | 11M | 11M |
| Maint. CapEx | 11M | 17M | 19M | 16M | 13M | 11M | 9.9M | 9.9M | 11M | 13M | 15M | 25M | 25M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.8M | 0 | 0 |
| D&A | 11M | 17M | 19M | 16M | 13M | 11M | 9.9M | 9.9M | 11M | 13M | 15M | 25M | 25M |
| CapEx/OCF | 6.5% | 6.0% | 1.5% | 15.6% | 14.1% | 55.3% | 89.2% | 19.7% | 11.4% | 18.8% | 70.0% | 193.5% | 193.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.9M | 8.0M | 9.0M | 7.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 1.7% | 2.7% | 3.0% | 2.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 973K | 0 | 188K | 0 | 0 | 0 | 0 | 5.0M | 7.0M | 0 | 5.0M | 0 | 0 |
| Buyback Yield | 0.3% | N/A | 0.0% | N/A | N/A | N/A | N/A | 2.3% | 1.7% | N/A | 0.5% | N/A | 0.0% |
| Stock-Based Comp | 1.7M | 2.1M | 2.3M | 1.8M | 3.2M | 2.7M | 1.8M | 3.3M | 3.9M | 4.5M | 7.5M | 13M | 13M |
| Debt Repayment | 8.9M | 108M | 42M | 11M | 41M | 2.9M | 5.0M | 2.7M | 3.1M | 5.0M | 114M | 2.2M | 2.2M |
| Balance Sheet | |||||||||||||
| Net Debt | 94M | 143M | 77M | 85M | 32M | 44M | 48M | 45M | 78M | 98M | 206M | 207M | 207M |
| Cash & Equiv. | 18M | 34M | 46M | 30M | 44M | 36M | 36M | 30M | 46M | 55M | 38M | 33M | 33M |
| Long-Term Debt | 103M | 158M | 114M | 104M | 74M | 63M | 69M | 62M | 108M | 127M | 217M | 211M | 211M |
| Debt/Equity | 0.62 | 0.74 | 0.65 | 0.62 | 0.43 | 0.41 | 0.42 | 0.37 | 0.58 | 0.66 | 0.98 | 0.76 | 0.76 |
| Interest Coverage | 6.9 | 0.8 | -3.3 | 1.2 | 1.4 | 3.3 | 3.8 | 3.3 | 4.1 | 2.6 | 2.7 | 5.1 | 5.1 |
| Equity | 181M | 239M | 190M | 187M | 179M | 193M | 203M | 205M | 213M | 233M | 248M | 318M | 318M |
| Total Assets | 412M | 599M | 499M | 439M | 393M | 409M | 419M | 416M | 505M | 600M | 760M | 894M | 894M |
| Total Liabilities | 231M | 354M | 309M | 252M | 214M | 216M | 216M | 210M | 287M | 363M | 508M | 571M | 571M |
| Intangibles | 58M | 75M | 61M | 50M | 36M | 31M | 30M | 26M | 35M | 50M | 74M | 97M | 97M |
| Retained Earnings | 19M | 5.5M | -42M | -53M | -59M | -46M | -38M | -37M | -19M | -6.4M | 6.6M | 57M | 57M |
| Working Capital | 65M | 80M | 67M | 66M | 57M | 64M | 74M | 72M | 94M | 78M | 86M | 104M | 104M |
| Current Assets | 143M | 228M | 213M | 174M | 161M | 179M | 183M | 189M | 241M | 281M | 331M | 410M | 410M |
| Current Liabilities | 78M | 148M | 146M | 108M | 104M | 115M | 109M | 117M | 147M | 203M | 245M | 306M | 306M |
| Per Share Data | |||||||||||||
| EPS | 0.50 | -0.19 | -1.12 | -0.09 | -0.21 | 0.50 | 0.23 | 0.04 | 0.50 | 0.37 | 0.36 | 1.37 | 1.37 |
| Owner EPS | 0.18 | -0.20 | 1.42 | -0.34 | 0.16 | -0.09 | -0.20 | 0.00 | 0.43 | 0.79 | 0.08 | -0.88 | -0.88 |
| Book Value | 6.93 | 8.11 | 5.57 | 5.54 | 5.27 | 5.47 | 5.68 | 5.74 | 6.12 | 6.67 | 6.88 | 8.69 | 8.69 |
| Cash Flow/Share | 0.68 | 0.43 | 2.04 | 0.20 | 0.65 | 0.29 | 0.12 | 0.37 | 0.85 | 1.28 | 0.69 | 0.16 | 2.05 |
| Dividends/Share | 0.23 | 0.27 | 0.26 | 0.23 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 26.2M | 29.5M | 34.1M | 33.7M | 33.9M | 35.3M | 35.7M | 35.6M | 34.8M | 34.9M | 36.0M | 36.5M | 36.5M |
| Valuation | |||||||||||||
| P/E Ratio | 29.0 | N/A | N/A | N/A | N/A | 15.2 | 30.0 | 155.5 | 23.0 | 55.4 | 81.9 | 44.8 | 55.2 |
| P/FCF | 22.9 | 18.7 | 6.8 | 31.8 | 11.9 | 58.8 | 517.5 | 20.8 | 15.3 | 19.7 | 142.2 | N/A | N/A |
| EV/EBIT | 21.4 | 70.9 | N/A | 30.2 | 21.4 | 14.8 | 18.7 | 23.1 | 19.2 | 21.8 | 34.1 | 22.6 | 28.1 |
| Price/Book | 2.1 | 0.9 | 2.5 | 0.9 | 1.3 | 1.4 | 1.2 | 1.1 | 1.9 | 3.1 | 4.3 | 7.1 | 8.7 |
| Price/Sales | 1.4 | 0.8 | 0.7 | 0.9 | 0.6 | 0.8 | 0.8 | 0.8 | 0.6 | 0.9 | 1.6 | 1.7 | 3.6 |
| FCF Yield | 4.4% | 5.3% | 14.7% | 3.1% | 8.4% | 1.7% | 0.2% | 4.8% | 6.5% | 5.1% | 0.7% | -0.2% | -0.2% |
| Market Cap | 379M | 222M | 468M | 176M | 224M | 270M | 246M | 222M | 401M | 715M | 1.1B | 2.2B | 2.8B |
| Avg. Price | 13.65 | 9.99 | 8.77 | 9.29 | 6.36 | 7.81 | 6.79 | 7.34 | 7.78 | 14.57 | 25.35 | 36.77 | 75.63 |
| Year-End Price | 14.49 | 7.54 | 13.71 | 5.23 | 6.60 | 7.62 | 6.90 | 6.22 | 11.52 | 20.48 | 29.47 | 61.41 | 75.63 |
CECO ENVIRONMENTAL CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
CECO ENVIRONMENTAL CORP trades at 55.2x trailing earnings, compared to its 15-year median P/E of 37.4x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 7.7% with a gross margin of 32.6%. At current prices, the estimated annualized return to fair value is +31.3%.
CECO ENVIRONMENTAL CORP (CECO) has a net profit margin of 6.5%. This is a modest margin.
CECO ENVIRONMENTAL CORP (CECO) generated $-5 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
CECO ENVIRONMENTAL CORP (CECO) has a debt-to-equity ratio of 0.76. This indicates moderate leverage.
CECO ENVIRONMENTAL CORP (CECO) reported earnings per share (EPS) of $1.37 in its most recent fiscal year.
CECO ENVIRONMENTAL CORP (CECO) has a return on equity (ROE) of 17.7%. This indicates the company generates strong returns for shareholders.
CECO ENVIRONMENTAL CORP (CECO) has a 5-year average gross margin of 32.6%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for CECO ENVIRONMENTAL CORP (CECO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CECO ENVIRONMENTAL CORP (CECO) has a book value per share of $8.69, based on its most recent annual SEC filing.