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CECO Environmental (CECO Environmental) Intrinsic Value: Projected FCF : $10.33 (As of Apr. 24, 2024)


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What is CECO Environmental Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-24), CECO Environmental's Intrinsic Value: Projected FCF is $10.33. The stock price of CECO Environmental is $24.27. Therefore, CECO Environmental's Price-to-Intrinsic-Value-Projected-FCF of today is 2.4.

The historical rank and industry rank for CECO Environmental's Intrinsic Value: Projected FCF or its related term are showing as below:

CECO' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.47   Med: 0.77   Max: 2.35
Current: 2.35

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of CECO Environmental was 2.35. The lowest was 0.47. And the median was 0.77.

CECO's Price-to-Projected-FCF is ranked worse than
67.37% of 1897 companies
in the Industrial Products industry
Industry Median: 1.52 vs CECO: 2.35

CECO Environmental Intrinsic Value: Projected FCF Historical Data

The historical data trend for CECO Environmental's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CECO Environmental Intrinsic Value: Projected FCF Chart

CECO Environmental Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.35 9.71 10.27 8.50 10.33

CECO Environmental Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.50 7.17 7.55 9.27 10.33

Competitive Comparison of CECO Environmental's Intrinsic Value: Projected FCF

For the Pollution & Treatment Controls subindustry, CECO Environmental's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CECO Environmental's Price-to-Projected-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CECO Environmental's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where CECO Environmental's Price-to-Projected-FCF falls into.



CECO Environmental Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get CECO Environmental's Free Cash Flow(6 year avg) = $16.73.

CECO Environmental's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(10.918777632373*16.7304+232.643*0.8)/35.689
=10.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CECO Environmental  (NAS:CECO) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

CECO Environmental's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=24.27/10.333433755517
=2.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CECO Environmental Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of CECO Environmental's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


CECO Environmental (CECO Environmental) Business Description

Traded in Other Exchanges
Address
14651 North Dallas Parkway, Suite 500, Dallas, TX, USA, 75254
CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.
Executives
Todd R Gleason director, officer: Chief Executive Officer 5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
Richard F Wallman director HONEYWELL, 101 COLUMBIA ROAD, MORRISTOWN NJ 07962
Laurie Siegel director C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036
Kiril Kovachev officer: Chief Accounting Officer 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Paul M Gohr officer: Chief Accounting Officer 4625 RED BANK ROAD, SUITE 200, CINCINNATI OH 45227
David B Liner director 6901 PROFESSIONAL PARKWAY E, STE 200, SARASOTA FL 34240
Ramesh Nuggihalli officer: Chief Operating Officer 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Peter K. Johansson officer: See Remarks 14651 DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Knowling Robert E Jr director C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304
Joycelynn Watkins-asiyanbi officer: General Counsel and Secretary 14651 DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Chasity Henry officer: See Remarks 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254
Jonathan Pollack director 2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4
Matthew Eckl officer: Chief Financial Officer 4625 RED BANK ROAD, SUITE 299, CINCINNATI OH 45227
Jason Dezwirek director, 10 percent owner 2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4
Dennis Sadlowski director 4625 RED BANK ROAD, SUITE 200, CINCINNATI OH 45227