FuelCell Energy, Inc.

WBAG:FCE2 Stock Report

Market Cap: €206.2m

FuelCell Energy Valuation

Is FCE2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FCE2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FCE2's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FCE2's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FCE2?

Key metric: As FCE2 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FCE2. This is calculated by dividing FCE2's market cap by their current revenue.
What is FCE2's PS Ratio?
PS Ratio2.6x
SalesUS$85.27m
Market CapUS$218.02m

Price to Sales Ratio vs Peers

How does FCE2's PS Ratio compare to its peers?

The above table shows the PS ratio for FCE2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
ZAG Zumtobel Group
0.2xn/a€209.7m
CLEN Cleen Energy
0.2xn/a€2.9m
FKA Frauenthal Holding
0.2xn/a€171.3m
ROS Rosenbauer International
0.2x7.5%€236.6m
FCE2 FuelCell Energy
2.6x30.0%€218.0m

Price-To-Sales vs Peers: FCE2 is expensive based on its Price-To-Sales Ratio (2.6x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does FCE2's PS Ratio compare vs other companies in the European Electrical Industry?

18 CompaniesPrice / SalesEstimated GrowthMarket Cap
FCE2 2.6xIndustry Avg. 1.0xNo. of Companies27PS012345+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FCE2 is expensive based on its Price-To-Sales Ratio (2.6x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is FCE2's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FCE2 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.6x
Fair PS Ratio0.08x

Price-To-Sales vs Fair Ratio: FCE2 is expensive based on its Price-To-Sales Ratio (2.6x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FCE2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€10.90
€28.02
+157.1%
65.5%€56.82€4.74n/a6
Nov ’25€10.05
€30.36
+202.1%
47.6%€53.98€13.50n/a6
Oct ’25€9.90
€30.36
+206.7%
47.6%€53.98€13.50n/a6
Sep ’25€11.34
€34.82
+207.1%
37.1%€54.91€13.73n/a6
Aug ’25€13.61
€39.42
+189.7%
22.9%€55.91€27.95n/a6
Jul ’25€17.76
€39.42
+121.9%
22.9%€55.91€27.95n/a6
Jun ’25€24.78
€42.42
+71.2%
24.6%€55.93€27.97n/a6
May ’25€24.42
€42.04
+72.2%
23.2%€56.05€28.03n/a7
Apr ’25€33.47
€41.32
+23.5%
22.7%€54.86€27.43n/a8
Mar ’25€32.85
€46.67
+42.1%
25.3%€68.63€27.45n/a8
Feb ’25€34.52
€46.67
+35.2%
25.3%€68.63€27.45n/a8
Jan ’25€45.12
€51.59
+14.3%
34.8%€87.46€27.33n/a8
Dec ’24€36.05
€54.70
+51.7%
32.8%€89.76€28.05n/a8
Nov ’24€29.46
€60.70
+106.0%
30.7%€91.68€28.65€10.058
Oct ’24€35.60
€56.43
+58.5%
26.1%€76.87€27.95€9.908
Sep ’24€40.17
€67.77
+68.7%
17.6%€82.98€41.49€11.347
Aug ’24€58.95
€66.46
+12.7%
16.7%€80.15€40.08€13.618
Jul ’24€58.79
€72.46
+23.3%
23.4%€106.27€41.40€17.768
Jun ’24€61.05
€92.62
+51.7%
19.5%€113.77€56.89€24.788
May ’24€52.38
€92.62
+76.8%
19.5%€113.77€56.89€24.428
Apr ’24€80.79
€92.62
+14.6%
19.5%€113.77€56.89€33.478
Mar ’24€94.83
€95.25
+0.4%
23.5%€138.05€55.22€32.859
Feb ’24€100.16
€95.25
-4.9%
23.5%€138.05€55.22€34.529
Jan ’24€74.40
€96.41
+29.6%
24.5%€141.32€56.53€45.129
Dec ’23€99.63
€111.48
+11.9%
29.7%€151.94€60.77€36.058
Nov ’23€95.69
€111.48
+16.5%
29.7%€151.94€60.77€29.468

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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