Ceco Environmental Intrinsic Value Calculation – CECO ENVIRONMENTAL Reports Second Quarter FY2023 Earnings Results on June 30, 2023
August 11, 2023
🌥️Earnings Overview
On June 30 2023, CECO ENVIRONMENTAL ($NASDAQ:CECO) reported financial results for the second quarter of FY2023, which concluded on that day. The company generated USD 129.2 million in total revenue, representing a 22.6% increase compared to the same period in the previous year. Unfortunately, net income was USD 3.7 million, 15.1% lower than the previous year.
Share Price
On Tuesday, June 30, 2023, CECO ENVIRONMENTAL reported their financial results for the second quarter of FY2023. This news was met with great excitement as the stock opened at $13.0 and closed at $14.6, soaring by 24.0% from the prior closing price of $11.7. The impressive performance of CECO ENVIRONMENTAL’s stock is a testament to the company’s strong commitment to environmental sustainability and their long-term success in a competitive market. This is further emphasized by their impressive financial results for the quarter, which have been backed by solid performance in their core business areas. The company achieved significant growth in revenues and net income during the second quarter of FY2023, as well as a higher gross margin. This speaks to CECO ENVIRONMENTAL’s ability to effectively manage their costs and maximize their revenue.
Furthermore, the company’s financial strength was further highlighted by an increase in cash flow from operations, as well as a decrease in debt levels and an increase in liquidity. The strong financial results and stock performance of CECO ENVIRONMENTAL reinforce the company’s commitment to environmental sustainability and long-term success in a competitive market. The company’s impressive financial performance is proof of their ability to effectively manage their business and grow their success over time. Investors can expect to see continued growth from CECO ENVIRONMENTAL in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ceco Environmental. More…
| Total Revenues | Net Income | Net Margin |
| 466.56 | 15.94 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ceco Environmental. More…
| Operations | Investing | Financing |
| 10.35 | -37.52 | 41.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ceco Environmental. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 582.62 | 355.47 | 6.42 |
Key Ratios Snapshot
Some of the financial key ratios for Ceco Environmental are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.2% | 9.2% | 6.5% |
| FCF Margin | ROE | ROA |
| 1.0% | 8.6% | 3.2% |
Analysis – Ceco Environmental Intrinsic Value Calculation
At GoodWhale, we have extensively analyzed the fundamentals of CECO ENVIRONMENTAL. Through our proprietary Valuation Line, we have assessed the intrinsic value of CECO ENVIRONMENTAL shares to be around $11.1. Currently, CECO ENVIRONMENTAL is trading at $14.6, which means that it is overvalued by 32.1%. More…
Summary
CECO ENVIRONMENTAL reported strong revenue results for the second quarter of FY2023, with total revenue increasing 22.6% compared to the same period in the previous year. Despite this, the company’s reported net income was lower than the previous year, at 15.1%. Despite this, the company’s stock price moved up on the same day, indicating that investors found the revenue growth encouraging. Going forward, investors may want to keep a close eye on CECO ENVIRONMENTAL’s top line growth and bottom line performance in order to assess the company’s overall health.
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