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Fuel Tech

DB:FUE1
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FUE1
DB
$59M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The last earnings update was 37 days ago. More info.


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  • Fuel Tech has significant price volatility in the past 3 months.
FUE1 Share Price and Events
7 Day Returns
-16.4%
DB:FUE1
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
79.5%
DB:FUE1
-8.1%
DE Commercial Services
-6%
DE Market
FUE1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fuel Tech (FUE1) -16.4% 73.2% 97.2% 79.5% 34.1% -50.5%
DE Commercial Services 1.5% 1.7% 10.8% -8.1% 1.3% -41%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • FUE1 outperformed the Commercial Services industry which returned -8.1% over the past year.
  • FUE1 outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
FUE1
Industry
5yr Volatility vs Market

FUE1 Value

 Is Fuel Tech undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fuel Tech to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fuel Tech.

DB:FUE1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:FUE1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (0%))
0.822
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.822 * 5.96%)
5.13%

Discounted Cash Flow Calculation for DB:FUE1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fuel Tech is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:FUE1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.13%)
2019 -0.14 Analyst x1 -0.13
2020 6.34 Analyst x1 5.73
2021 4.05 Analyst x1 3.49
2022 4.78 Analyst x1 3.92
2023 3.73 Analyst x1 2.90
2024 3.34 Est @ -10.46% 2.47
2025 3.09 Est @ -7.25% 2.18
2026 2.94 Est @ -5.01% 1.97
2027 2.84 Est @ -3.44% 1.81
2028 2.77 Est @ -2.34% 1.68
Present value of next 10 years cash flows $26.02
DB:FUE1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2.77 × (1 + 0.23%) ÷ (5.13% – 0.23%)
$56.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $56.69 ÷ (1 + 5.13%)10
$34.38
DB:FUE1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $26.02 + $34.38
$60.40
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $60.40 / 24.19
$2.5
DB:FUE1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FUE1 represents 0.81639x of NasdaqGS:FTEK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.81639x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 2.50 x 0.81639
€2.04
Value per share (EUR) From above. €2.04
Current discount Discount to share price of €1.99
= -1 x (€1.99 - €2.04) / €2.04
2.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fuel Tech is available for.
Intrinsic value
2%
Share price is €1.99 vs Future cash flow value of €2.04
Current Discount Checks
For Fuel Tech to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fuel Tech's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Fuel Tech's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fuel Tech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fuel Tech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FUE1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.00
NasdaqGS:FTEK Share Price ** NasdaqGS (2019-04-18) in USD $2.44
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.52x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fuel Tech.

DB:FUE1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FTEK Share Price ÷ EPS (both in USD)

= 2.44 ÷ 0.00

693.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fuel Tech is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Fuel Tech is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Fuel Tech's expected growth come at a high price?
Raw Data
DB:FUE1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 693.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
39.2%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.35x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:FUE1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 693.77x ÷ 39.2%

17.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fuel Tech is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fuel Tech's assets?
Raw Data
DB:FUE1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.41
NasdaqGS:FTEK Share Price * NasdaqGS (2019-04-18) in USD $2.44
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:FUE1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FTEK Share Price ÷ Book Value per Share (both in USD)

= 2.44 ÷ 1.41

1.73x

* Primary Listing of Fuel Tech.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fuel Tech is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Fuel Tech's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Fuel Tech has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FUE1 Future Performance

 How is Fuel Tech expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fuel Tech expected to grow at an attractive rate?
  • Fuel Tech's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Fuel Tech's earnings growth is expected to exceed the Germany market average.
  • Fuel Tech's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FUE1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FUE1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 39.2%
DB:FUE1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.6%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:FUE1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FUE1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 81 5 5 1
2022-12-31 74 6 4 1
2021-12-31 68 5 3 1
2020-12-31 61 7 2 1
2019-12-31 59 1 1 1
DB:FUE1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 57 5 0
2018-09-30 54 -1 0
2018-06-30 52 -2 -2
2018-03-31 49 -5 -5
2017-12-31 45 -4 -7
2017-09-30 41 -6 -16
2017-06-30 40 -6 -18
2017-03-31 46 1 -14
2016-12-31 55 -3 -15
2016-09-30 64 6 -15
2016-06-30 73 6 -13
2016-03-31 76 0 -13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fuel Tech's earnings are expected to grow significantly at over 20% yearly.
  • Fuel Tech's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:FUE1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Fuel Tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FUE1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.20 0.20 0.20 1.00
2022-12-31 0.15 0.15 0.15 1.00
2021-12-31 0.11 0.11 0.11 1.00
2020-12-31 0.07 0.07 0.07 1.00
2019-12-31 0.05 0.05 0.05 1.00
DB:FUE1 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.00
2018-09-30 -0.01
2018-06-30 -0.07
2018-03-31 -0.23
2017-12-31 -0.27
2017-09-30 -0.67
2017-06-30 -0.77
2017-03-31 -0.59
2016-12-31 -0.62
2016-09-30 -0.65
2016-06-30 -0.56
2016-03-31 -0.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Fuel Tech will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fuel Tech's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fuel Tech has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FUE1 Past Performance

  How has Fuel Tech performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fuel Tech's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fuel Tech's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Fuel Tech has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Fuel Tech has become profitable in the last year making it difficult to compare the Europe Commercial Services industry average.
Earnings and Revenue History
Fuel Tech's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fuel Tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FUE1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 56.54 0.09 18.56 1.07
2018-09-30 54.09 -0.35 18.68 1.10
2018-06-30 51.57 -1.58 19.54 1.06
2018-03-31 49.47 -5.48 20.70 1.07
2017-12-31 45.17 -6.54 20.93 1.07
2017-09-30 41.35 -15.99 21.90 1.09
2017-06-30 40.40 -18.20 22.72 1.55
2017-03-31 45.83 -13.73 23.56 0.88
2016-12-31 55.16 -14.59 25.56 1.75
2016-09-30 63.79 -15.21 27.12 2.34
2016-06-30 72.88 -13.11 28.22 3.19
2016-03-31 76.38 -13.36 29.86 4.56
2015-12-31 73.66 -9.55 30.90 1.45
2015-09-30 74.15 -20.43 33.08 3.99
2015-06-30 73.95 -18.94 34.27 2.84
2015-03-31 75.46 -18.29 34.83 2.09
2014-12-31 79.02 -17.73 35.37 1.46
2014-09-30 84.54 -0.21 35.09 1.47
2014-06-30 96.61 2.08 36.31 1.55
2014-03-31 105.52 4.04 36.66 1.75
2013-12-31 109.34 5.10 36.38 2.44
2013-09-30 111.75 4.67 34.82 2.64
2013-06-30 103.10 2.38 33.58 2.75
2013-03-31 94.92 1.21 32.15 3.29
2012-12-31 97.64 2.78 32.68 2.86
2012-09-30 99.03 4.53 34.76 2.44
2012-06-30 98.15 5.99 34.40 2.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fuel Tech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fuel Tech used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Fuel Tech has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Fuel Tech's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fuel Tech has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FUE1 Health

 How is Fuel Tech's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fuel Tech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fuel Tech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fuel Tech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fuel Tech's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Fuel Tech has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fuel Tech Company Filings, last reported 3 months ago.

DB:FUE1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 34.05 0.00 12.04
2018-09-30 33.30 0.00 4.20
2018-06-30 32.42 0.00 3.91
2018-03-31 34.68 0.00 5.67
2017-12-31 34.17 0.00 8.37
2017-09-30 35.25 0.00 6.14
2017-06-30 35.43 0.00 6.59
2017-03-31 40.97 0.00 10.21
2016-12-31 43.39 0.00 11.84
2016-09-30 52.41 0.00 13.35
2016-06-30 54.89 0.00 12.43
2016-03-31 57.07 0.00 9.40
2015-12-31 58.97 0.00 21.70
2015-09-30 67.95 0.00 14.43
2015-06-30 68.40 0.00 15.00
2015-03-31 70.22 0.82 18.35
2014-12-31 72.30 1.63 18.67
2014-09-30 89.23 1.62 15.58
2014-06-30 87.74 2.36 16.96
2014-03-31 87.40 1.62 24.99
2013-12-31 88.62 1.64 27.77
2013-09-30 87.02 1.63 23.70
2013-06-30 85.47 0.81 23.14
2013-03-31 84.13 0.00 15.20
2012-12-31 84.24 0.00 24.50
2012-09-30 84.40 1.18 24.54
2012-06-30 83.86 1.19 24.77
  • Fuel Tech has no debt.
  • Fuel Tech has no debt compared to 5 years ago when it was 1.8%.
  • Fuel Tech has no debt, it does not need to be covered by operating cash flow.
  • Fuel Tech has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Fuel Tech's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fuel Tech has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FUE1 Dividends

 What is Fuel Tech's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Fuel Tech dividends.
If you bought €2,000 of Fuel Tech shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Fuel Tech's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fuel Tech's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:FUE1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:FUE1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Fuel Tech has not reported any payouts.
  • Unable to verify if Fuel Tech's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fuel Tech's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fuel Tech has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Fuel Tech's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fuel Tech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fuel Tech has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FUE1 Management

 What is the CEO of Fuel Tech's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vince Arnone
COMPENSATION $514,005
AGE 54
TENURE AS CEO 4 years
CEO Bio

Mr. Vincent J. Arnone, also known as Vince, has been the Chief Executive Officer and President of Fuel-Tech, Inc. since April 1, 2015 and served as its Executive Vice President of Worldwide Operations since September 20, 2010. Mr. Arnone served as the Chief Operating Officer and Executive Vice President of Fuel-Tech, Inc. since January 2014 until March 2015. He served as a Senior Vice President of Fuel-Tech, Inc. (formerly, Fuel-Tech N.V.) and of its subsidiary, Fuel Tech Inc., from February 28, 2006 to May 31, 2008 and Chief Financial Officer from December 9, 2003 to May 31, 2008. He served as Treasurer of Fuel-Tech, Inc. from December 9, 2003 to May 2008, Vice President since December 9, 2003 until January 2006 and served as Finance Director and Controller from May 1999 to November 2003. He served as Vice President of Fuel-Tech, Inc. from December 9, 2003 to March 1, 2006, Treasurer from February 28, 2006 to June 1, 2008 and also served as its Principal Accounting Officer. Mr. Arnone is a CPA, with public accounting experience at PricewaterhouseCoopers and he enjoyed an 11-year tenure in various financial capacities at American National Can Co., now Rexam PLC, a multi-national packaging company. He has been the Chairman of Fuel Tech, Inc. since September 1, 2017. He has been a Director of Fuel-Tech, Inc. since April 1, 2015. Mr. Arnone holds a B.S. Degree in Accounting from the University of Illinois-Urbana-Champaign in the year 1985 and a Master's in Management, Finance, Marketing and Organizational Behaviour degree from Northwestern University's J.L. Kellogg Graduate School of Management in 1992.

CEO Compensation
  • Vince's compensation has been consistent with company performance over the past year.
  • Vince's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Fuel Tech management team in years:

9.5
Average Tenure
58
Average Age
  • The average tenure for the Fuel Tech management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Vince Arnone

TITLE
Chairman
COMPENSATION
$514K
AGE
54
TENURE
4 yrs

James Pach

TITLE
Principal Financial Officer
COMPENSATION
$238K
AGE
38
TENURE
1.2 yrs

William Cummings

TITLE
Senior Vice President of Sales
COMPENSATION
$478K
AGE
61
TENURE
10.3 yrs

Ellen Albrecht

TITLE
VP, Accounting Manager & Controller
AGE
45

William Sun

TITLE
Vice President of International Business & Technologies
COMPENSATION
$141K
AGE
60
TENURE
8.6 yrs

Al Grigonis

TITLE
Senior VP
COMPENSATION
$363K
AGE
68
TENURE
11.3 yrs

Vincent Albanese

TITLE
Senior Vice President of Regulatory Affairs
COMPENSATION
$621K
AGE
69
TENURE
18.9 yrs

Dave Collins

TITLE
Senior Financial Advisor
COMPENSATION
$294K
AGE
53
TENURE
8.7 yrs

Kevin Dougherty

TITLE
Vice President of Business Development & Marketing
AGE
56

Ron Seidel

TITLE
Executive Consultant
AGE
71
TENURE
14.3 yrs
Board of Directors Tenure

Average tenure and age of the Fuel Tech board of directors in years:

4
Average Tenure
68.5
Average Age
  • The tenure for the Fuel Tech board of directors is about average.
Board of Directors

Vince Arnone

TITLE
Chairman
COMPENSATION
$514K
AGE
54
TENURE
1.6 yrs

Thomas Shaw

TITLE
Lead Director
COMPENSATION
$58K
AGE
70
TENURE
8.2 yrs

Dennis Zeitler

TITLE
Director
COMPENSATION
$50K
AGE
69
TENURE
5.9 yrs

Jim Markowsky

TITLE
Independent Director
COMPENSATION
$45K
AGE
73
TENURE
2.2 yrs

Doug Bailey

TITLE
Director
COMPENSATION
$40K
AGE
68
TENURE
21 yrs

Sharon Jones

TITLE
Independent Director
COMPENSATION
$32K
AGE
57
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Fuel Tech insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 19 Sell James Markowsky Individual 22. Mar 19 22. Mar 19 -20,000 €1.47 €-29,395
24. Aug 18 Buy Vincent Arnone Individual 23. Aug 18 23. Aug 18 2,033 €0.93 €1,897
23. Aug 18 Buy Vincent Arnone Individual 22. Aug 18 22. Aug 18 22,967 €0.88 €20,245
06. Jul 18 Buy William Cummings Individual 29. Jun 18 29. Jun 18 10,200 €0.92 €9,433
X
Management checks
We assess Fuel Tech's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fuel Tech has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FUE1 News

Simply Wall St News

FUE1 Company Info

Description

Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems. The FUEL CHEM Technology segment provides programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using TIFI targeted in-furnace injection technology. This segment offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, university, and district heating markets, as well as to the owners of boilers, furnaces, and other combustion units. The company was founded in 1987 and is headquartered in Warrenville, Illinois.

Details
Name: Fuel Tech, Inc.
FUE1
Exchange: DB
Founded: 1987
$52,475,542
24,186,201
Website: http://www.ftek.com
Address: Fuel Tech, Inc.
27601 Bella Vista Parkway,
Warrenville,
Illinois, 60555,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FTEK Common Shares Nasdaq Global Select US USD 07. Sep 1993
DB FUE1 Common Shares Deutsche Boerse AG DE EUR 07. Sep 1993
Number of employees
Current staff
Staff numbers
113
Fuel Tech employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:45
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.