$CECO Environmental (CECO.US)$Revenue fell sharply from 600 ...

逍遥投资派 commented on a stock · Feb 28, 2023 08:45

$CECO Environmental (CECO.US)$Revenue fell sharply from 600 million to 337 million in 2018, then slowly declined to 324 million in the next 3 years. Operating profit also fell from 62 million to 14 million in 2018, then slowly declined to 11 million in the next 3 years. Net profit reached 118 million in 2019 due to income tax, then gradually shrank to 2 million in the next two years.

In the first three quarters of 2022, revenue increased 33%, operating profit increased sharply to $19 million, and net profit increased to $0.1 million.

Currently, the price-earnings ratio TTM has dropped to 52, but even if net profit in 2022 reaches a high of $118 million in 2019, the price-earnings ratio will still reach 29, and the valuation is unattractive.

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逍遥投资派

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