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CECO Environmental (FRA:WCE) Cyclically Adjusted Price-to-FCF : 35.70 (As of May. 20, 2024)


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What is CECO Environmental Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), CECO Environmental's current share price is €23.56. CECO Environmental's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.66. CECO Environmental's Cyclically Adjusted Price-to-FCF for today is 35.70.

The historical rank and industry rank for CECO Environmental's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:WCE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.79   Med: 14.01   Max: 52.31
Current: 35.56

During the past years, CECO Environmental's highest Cyclically Adjusted Price-to-FCF was 52.31. The lowest was 5.79. And the median was 14.01.

FRA:WCE's Cyclically Adjusted Price-to-FCF is ranked worse than
53.09% of 1034 companies
in the Industrial Products industry
Industry Median: 33.575 vs FRA:WCE: 35.56

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

CECO Environmental's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.048. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CECO Environmental Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CECO Environmental's Cyclically Adjusted Price-to-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 Cyclically Adjusted Price-to-FCF Chart

CECO Environmental Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.19 10.17 8.81 16.60 29.27

CECO Environmental Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-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 22.73 20.49 22.00 29.27 32.99

Competitive Comparison of CECO Environmental's Cyclically Adjusted Price-to-FCF

For the Pollution & Treatment Controls subindustry, CECO Environmental's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-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 Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

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

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



CECO Environmental Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

CECO Environmental's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.56/0.66
=35.70

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CECO Environmental's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.048/131.7762*131.7762
=-0.048

Current CPI (Mar. 2024) = 131.7762.

CECO Environmental Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.017 100.560 0.022
201409 0.132 100.428 0.173
201412 0.338 99.070 0.450
201503 0.048 99.621 0.063
201506 -0.001 100.684 -0.001
201509 -0.335 100.392 -0.440
201512 0.575 99.792 0.759
201603 0.242 100.470 0.317
201606 0.895 101.688 1.160
201609 0.222 101.861 0.287
201612 0.458 101.863 0.592
201703 0.115 102.862 0.147
201706 -0.082 103.349 -0.105
201709 -0.071 104.136 -0.090
201712 0.182 104.011 0.231
201803 0.065 105.290 0.081
201806 0.160 106.317 0.198
201809 -0.185 106.507 -0.229
201812 0.432 105.998 0.537
201903 -0.354 107.251 -0.435
201906 0.041 108.070 0.050
201909 0.207 108.329 0.252
201912 0.228 108.420 0.277
202003 0.154 108.902 0.186
202006 -0.148 108.767 -0.179
202009 0.147 109.815 0.176
202012 -0.133 109.897 -0.159
202103 0.221 111.754 0.261
202106 -0.146 114.631 -0.168
202109 0.129 115.734 0.147
202112 0.055 117.630 0.062
202203 -0.022 121.301 -0.024
202206 0.489 125.017 0.515
202209 0.002 125.227 0.002
202212 0.242 125.222 0.255
202303 -0.386 127.348 -0.399
202306 0.263 128.729 0.269
202309 0.757 129.860 0.768
202312 0.316 129.419 0.322
202403 -0.048 131.776 -0.048

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


CECO Environmental  (FRA:WCE) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


CECO Environmental Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of CECO Environmental's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


CECO Environmental (FRA:WCE) 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.

CECO Environmental (FRA:WCE) Headlines

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