$CECO Environmental (CECO.US)$Revenue in 2018 sharply declin...
$CECO Environmental (CECO.US)$Revenue in 2018 sharply declined from 0.6 billion to 0.337 billion, then slowly declined to 0.324 billion over the next 3 years. Operating profit also decreased from 0.062 billion in 2018 to 0.014 billion, then further slowly declined to 0.011 billion over the next 3 years. Net income, affected by income tax, briefly reached 0.018 billion in 2019, then gradually shrunk to 2 million over the following two years.
In the first three quarters of 2022, revenue increased by 33%, operating profit significantly increased to 0.019 billion, and net income increased to 0.01 billion.
Currently, the trailing twelve months P/E ratio has dropped to 52. However, even if the net income in 2022 reaches the peak of 0.018 billion in 2019, the P/E ratio would still reach 29, indicating a lack of attractiveness in valuation.
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