CECO Environmental Corp.
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.70-18.65-8.97-139.00-54.3836.3329.91111.0423.2554.4538.88-54.38
Price/Sales ratio
0.680.280.821.221.141.880.770.670.951.291.001.88
Price/Book Value ratio
0.990.431.802.252.163.331.211.071.893.022.003.33
Price/Cash Flow ratio
11.028.274.9264.0817.6462.9155.5516.5513.6515.7417.6362.91
Price/Free Cash Flow ratio
11.858.805.0075.9720.53140.73515.9920.6115.4119.3820.5620.53
Price/Earnings Growth ratio
0.250.13-0.011.51-0.40-0.10-0.54-1.460.02-2.09-0.70-0.10
Dividend Yield
3.31%7.63%2.62%1.85%N/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
32.22%30.14%32.33%32.80%33.06%33.37%33.26%31.13%30.34%31.38%29.77%33.37%
Operating Profit Margin
8.51%1.45%-6.12%2.32%2.96%5.26%6.78%3.04%8.25%6.34%4.74%2.96%
Pretax Profit Margin
6.44%-0.71%-7.90%0.40%0.74%3.90%3.74%1.44%5.60%3.95%4.09%0.74%
Net Profit Margin
4.96%-1.51%-9.16%-0.87%-2.11%5.17%2.59%0.61%4.12%2.36%2.58%-2.11%
Effective Tax Rate
22.91%-115.40%-16.04%314.97%385.18%-32.69%31.00%57.57%22.90%32.63%31.55%-32.69%
Return on Assets
3.16%-0.94%-7.66%-0.69%-1.81%4.33%1.95%0.47%3.45%2.15%2.12%-1.81%
Return On Equity
7.26%-2.34%-20.10%-1.62%-3.98%9.17%4.05%0.96%8.16%5.54%5.04%-3.98%
Return on Capital Employed
6.63%1.19%-7.25%2.42%3.46%6.13%6.91%3.29%9.74%8.70%5.47%3.46%
Liquidity Ratios
Current Ratio
1.891.541.451.611.541.551.67N/AN/AN/A1.591.54
Quick Ratio
1.571.361.301.411.341.371.511.471.451.211.301.37
Cash ratio
0.250.240.310.270.420.300.320.250.310.260.250.30
Days of Sales Outstanding
114.76139.01106.07107.8389.71110.22125.37142.35133.08120.12133.9589.71
Days of Inventory outstanding
47.9041.5027.7933.0133.6432.9730.0127.8832.8833.2832.1632.97
Operating Cycle
162.67180.52133.86140.84123.36143.20155.38170.23165.97153.4065.19143.20
Days of Payables Outstanding
65.2387.8176.3071.4884.0378.1496.7591.9691.0185.6184.8784.03
Cash Conversion Cycle
97.4492.7057.5669.3539.3365.0558.6378.2774.9667.7857.0139.33
Debt Ratios
Debt Ratio
0.270.290.250.270.190.160.170.150.220.220.570.19
Debt Equity Ratio
0.620.740.670.640.420.330.350.310.520.581.400.42
Long-term Debt to Capitalization
0.360.390.370.350.290.240.250.230.330.340.360.29
Total Debt to Capitalization
0.380.420.400.390.290.250.260.230.340.360.380.29
Interest Coverage Ratio
7.302.724.262.542.013.635.48N/AN/AN/A4.422.01
Cash Flow to Debt Ratio
0.140.070.540.050.280.150.060.200.260.330.180.15
Company Equity Multiplier
2.292.472.622.352.192.112.062.032.362.582.422.19
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.060.030.160.010.060.020.010.040.070.080.050.05
Free Cash Flow / Operating Cash Flow Ratio
0.920.930.980.840.850.440.100.800.880.810.850.85
Cash Flow Coverage Ratio
0.140.070.540.050.280.150.060.200.260.330.180.15
Short Term Coverage Ratio
1.820.644.920.3912.914.091.416.038.283.433.254.09
Dividend Payout Ratio
45.40%-142.39%-23.53%-257.24%N/AN/AN/AN/AN/AN/AN/AN/A