WallStSmart

CECO Environmental Corp. (CECO)vsLiqTech International Inc (LIQT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

CECO Environmental Corp. generates 4914% more annual revenue ($803.60M vs $16.03M). CECO leads profitability with a 1.7% profit margin vs -55.4%. LIQT appears more attractively valued with a PEG of 0.80. LIQT earns a higher WallStSmart Score of 49/100 (D+).

CECO

Hold

40

out of 100

Grade: F

Growth: 6.7Profit: 5.0Value: 4.3Quality: 6.5
Piotroski: 4/9Altman Z: 1.82

LIQT

Hold

49

out of 100

Grade: D+

Growth: 5.3Profit: 2.0Value: 7.0Quality: 5.0
Piotroski: 4/9Altman Z: -4.40
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for CECO.

LIQTUndervalued (+23.2%)

Margin of Safety

+23.2%

Fair Value

$2.11

Current Price

$1.07

$1.04 discount

UndervaluedFair: $2.11Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CECO2 strengths · Avg: 9.0/10
Debt/EquityHealth
0.0910/10

Conservative balance sheet, low leverage

Revenue GrowthGrowth
16.5%8/10

16.5% revenue growth

LIQT3 strengths · Avg: 9.3/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

EPS GrowthGrowth
459.2%10/10

Earnings expanding 459.2% YoY

PEG RatioValuation
0.808/10

Growing faster than its price suggests

Areas to Watch

CECO4 concerns · Avg: 3.5/10
Price/BookValuation
9.0x4/10

Trading at 9.0x book value

Altman Z-ScoreHealth
1.824/10

Grey zone — moderate risk

Return on EquityProfitability
5.5%3/10

ROE of 5.5% — below average capital efficiency

Profit MarginProfitability
1.7%3/10

1.7% margin — thin

LIQT4 concerns · Avg: 2.5/10
Market CapQuality
$8.88M3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.693/10

Elevated debt levels

Return on EquityProfitability
-79.3%2/10

ROE of -79.3% — below average capital efficiency

Revenue GrowthGrowth
-10.4%2/10

Revenue declined 10.4%

Comparative Analysis Report

WallStSmart Research

Bull Case : CECO

The strongest argument for CECO centers on Debt/Equity, Revenue Growth. Revenue growth of 16.5% demonstrates continued momentum. PEG of 1.44 suggests the stock is reasonably priced for its growth.

Bull Case : LIQT

The strongest argument for LIQT centers on Price/Book, EPS Growth, PEG Ratio. PEG of 0.80 suggests the stock is reasonably priced for its growth.

Bear Case : CECO

The primary concerns for CECO are Price/Book, Altman Z-Score, Return on Equity. A P/E of 254.6x leaves little room for execution misses. Thin 1.7% margins leave little buffer for downturns.

Bear Case : LIQT

The primary concerns for LIQT are Market Cap, Debt/Equity, Return on Equity. Debt-to-equity of 1.69 is elevated, increasing financial risk.

Key Dynamics to Monitor

CECO profiles as a growth stock while LIQT is a turnaround play — different risk/reward profiles.

CECO carries more volatility with a beta of 1.50 — expect wider price swings.

CECO is growing revenue faster at 16.5% — sustainability is the question.

LIQT generates stronger free cash flow (-2M), providing more financial flexibility.

Bottom Line

LIQT scores higher overall (49/100 vs 40/100). Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

CECO Environmental Corp.

INDUSTRIALS · POLLUTION & TREATMENT CONTROLS · USA

CECO Environmental Corporation. The company is headquartered in Dallas, Texas.

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LiqTech International Inc

INDUSTRIALS · POLLUTION & TREATMENT CONTROLS · USA

LiqTech International, Inc., a cleantech company, designs, develops, produces, markets and sells automated filtration systems and applications of ceramic silicon carbide liquid and diesel particulate air filters in the United States, Canada, Europe, Asia and South America. . The company is headquartered in Ballerup, Denmark.

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