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CECO Environmental (CECO Environmental) Cyclically Adjusted Price-to-FCF : 36.70 (As of Apr. 27, 2024)


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

As of today (2024-04-27), CECO Environmental's current share price is $25.32. CECO Environmental's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.69. CECO Environmental's Cyclically Adjusted Price-to-FCF for today is 36.70.

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

CECO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.79   Med: 14.01   Max: 52.31
Current: 36.55

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.

CECO's Cyclically Adjusted Price-to-FCF is ranked worse than
55.22% of 1016 companies
in the Industrial Products industry
Industry Median: 32.505 vs CECO: 36.55

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 Dec. 2023 was $0.344. 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 $0.69 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 16.60 22.73 20.49 22.00 29.27

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
=25.32/0.69
=36.70

* 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 Dec. 2023 is calculated as:

For example, CECO Environmental's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.344/129.4194*129.4194
=0.344

Current CPI (Dec. 2023) = 129.4194.

CECO Environmental Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.018 99.695 0.023
201406 0.023 100.560 0.030
201409 0.170 100.428 0.219
201412 0.416 99.070 0.543
201503 0.052 99.621 0.068
201506 -0.001 100.684 -0.001
201509 -0.376 100.392 -0.485
201512 0.626 99.792 0.812
201603 0.269 100.470 0.347
201606 1.005 101.688 1.279
201609 0.249 101.861 0.316
201612 0.483 101.863 0.614
201703 0.123 102.862 0.155
201706 -0.092 103.349 -0.115
201709 -0.085 104.136 -0.106
201712 0.215 104.011 0.268
201803 0.080 105.290 0.098
201806 0.186 106.317 0.226
201809 -0.216 106.507 -0.262
201812 0.492 105.998 0.601
201903 -0.401 107.251 -0.484
201906 0.047 108.070 0.056
201909 0.228 108.329 0.272
201912 0.253 108.420 0.302
202003 0.170 108.902 0.202
202006 -0.167 108.767 -0.199
202009 0.173 109.815 0.204
202012 -0.162 109.897 -0.191
202103 0.263 111.754 0.305
202106 -0.176 114.631 -0.199
202109 0.152 115.734 0.170
202112 0.062 117.630 0.068
202203 -0.025 121.301 -0.027
202206 0.517 125.017 0.535
202209 0.002 125.227 0.002
202212 0.256 125.222 0.265
202303 -0.413 127.348 -0.420
202306 0.285 128.729 0.287
202309 0.808 129.860 0.805
202312 0.344 129.419 0.344

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  (NAS:CECO) 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 (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