Is It Time To Consider Buying CECO Environmental Corp. (NASDAQ:CECO)?
Is It Time To Consider Buying CECO Environmental Corp. (NASDAQ:CECO)?
CECO Environmental Corp. (NASDAQ:CECO), is not the largest company out there, but it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. The company is inching closer to its yearly highs following the recent share price climb. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, could the stock still be trading at a relatively cheap price? Let's take a look at CECO Environmental's outlook and value based on the most recent financial data to see if the opportunity still exists.
CECO Environmental Corp.（納斯達克股票代碼：CECO）雖然不是最大的公司，但在過去幾個月的納斯達克普遍上漲超過10％的股價上漲了兩位數。公司股價在最近的上漲後逐漸接近全年高點。由於有很多分析師正在跟蹤這支股票，我們可以預計任何價格敏感性的公告都已經被計入股票價格。然而，這支股票仍然可能以相對便宜的價格交易？讓我們看看CECO Environmental的前景和價值，了解最新的財務數據是否仍存在投資機會。
What Is CECO Environmental Worth?
CECO Environmental的價值是多少？
CECO Environmental appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 70.06x is currently well-above the industry average of 26.06x, meaning that it is trading at a more expensive price relative to its peers. But, is there another opportunity to buy low in the future? Given that CECO Environmental's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
根據我們的價格倍數模型，CECO Environmental似乎是昂貴的，該模型對比了公司的市盈率和行業平均值。我們在這個實例中使用市盈率，因爲沒有足夠的可見性來預測其現金流。股票的市盈率爲70.06倍，目前遠高於行業平均水平（26.06倍），這意味着它與同業相比以更昂貴的價格交易。但是，將來是否還有另一個低買入機會？由於CECO Environmental的股價相當波動（即其價格變動相對於市場其他股票更大），這可能意味着股價可以下跌，爲我們提供未來另一個買入機會。這是基於它的高beta值，這是股價波動的良好指標。
Can we expect growth from CECO Environmental?
我們可以期待CECO Environmental的增長嗎？
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. CECO Environmental's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value.
尋找投資組合增長的投資者可能想考慮購買股票之前考慮公司的前景。儘管價值投資者會認爲最重要的是內在價值相對於價格，但更具有說服力的投資論點是，高增長潛力相對於廉價價格更有吸引力。CECO Environmental未來幾年的收益預計會翻倍，表明未來前景非常樂觀。這應該導致更強的現金流，進而推動更高的股票價值。
What This Means For You
這對您意味着什麼？
Are you a shareholder? It seems like the market has well and truly priced in CECO's positive outlook, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe CECO should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
您是股東嗎？市場似乎充分考慮了CECO的積極前景，股票交易高於行業價格倍數。然而，這引出了另一個問題-現在是否是賣出的合適時間？如果您認爲CECO的交易價格應該低於當前價格，那麼在股票價格下跌至行業市盈率時高價賣出並回購是有利可圖的。但在做出這個決定之前，請看看它的基本面是否發生了變化。
Are you a potential investor? If you've been keeping tabs on CECO for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for CECO, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
您是潛在投資者嗎？如果您已經一段時間在關注CECO，那麼現在可能不是進入該股票的最佳時間。價格已經超過了同業水平，這意味着可能已經沒有更多的錯價。但是，樂觀的前景令人鼓舞，這意味着值得深入挖掘其他因素，以利用未來的價格下跌。
With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. In terms of investment risks, we've identified 2 warning signs with CECO Environmental, and understanding these should be part of your investment process.
有此想法，我們不考慮投資一支股票，除非我們充分了解風險。就投資風險而言，我們已經確定CECO Environmental有2個警告信號，了解這些信號應成爲您的投資過程的一部分。
If you are no longer interested in CECO Environmental, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您對CECO Environmental不再感興趣，則可以使用我們的免費平台查看我們的超過50只其他高增長潛力股票的列表。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。