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FTEK

Fuel Tech NasdaqCM:FTEK Stock Report

Last Price

US$1.29

Market Cap

US$39.1m

7D

3.2%

1Y

-46.7%

Updated

26 Jun, 2022

Data

Company Financials +
FTEK fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends0/6

FTEK Stock Overview

Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide.

Fuel Tech Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fuel Tech
Historical stock prices
Current Share PriceUS$1.29
52 Week HighUS$2.50
52 Week LowUS$1.02
Beta5.25
1 Month Change-3.01%
3 Month Change-7.86%
1 Year Change-46.69%
3 Year Change-7.86%
5 Year Change63.27%
Change since IPO-83.36%

Recent News & Updates

Mar 18

Revisiting Fuel Tech - Financials Have Improved And EV Is Approaching Zero And I'm Now Bullish

Revenues rose to 7.6% to $24.3 million in 2021, and the company is close to breakeven thanks to lower SG&A expenses. I think that Fuel Tech’s Dissolved Gas Infusion technology could become a significant contributor to revenues in a year or two. The company closed December 2021 with $35.9 million in cash and cash equivalents, which means that its enterprise value is below $6 million. I view Fuel Tech as a speculative buy as the business still isn’t profitable, and 67% of net revenues in 2021 were attributable to only 5 customers.

Shareholder Returns

FTEKUS Commercial ServicesUS Market
7D3.2%7.2%6.6%
1Y-46.7%-7.5%-18.4%

Return vs Industry: FTEK underperformed the US Commercial Services industry which returned -7.5% over the past year.

Return vs Market: FTEK underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is FTEK's price volatile compared to industry and market?
FTEK volatility
FTEK Average Weekly Movement7.6%
Commercial Services Industry Average Movement7.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: FTEK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FTEK's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198773Vince Arnonehttps://www.ftek.com

Fuel Tech, Inc. provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. 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; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems; and burner systems.

Fuel Tech Fundamentals Summary

How do Fuel Tech's earnings and revenue compare to its market cap?
FTEK fundamental statistics
Market CapUS$39.08m
Earnings (TTM)-US$1.34m
Revenue (TTM)US$24.76m

1.6x

P/S Ratio

-29.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FTEK income statement (TTM)
RevenueUS$24.76m
Cost of RevenueUS$12.93m
Gross ProfitUS$11.83m
Other ExpensesUS$13.17m
Earnings-US$1.34m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.044
Gross Margin47.77%
Net Profit Margin-5.42%
Debt/Equity Ratio0%

How did FTEK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FTEK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA-7.6x
PEG Ration/a

Price to Sales Ratio vs Peers

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

FTEK PS Ratio vs Peers
The above table shows the PS ratio for FTEK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average9.5x
TISI Team
0.04xn/aUS$36.4m
VIVK Vivakor
35.2xn/aUS$35.0m
PGTK Pacific Green Technologies
1.6xn/aUS$38.5m
MEEC Midwest Energy Emissions
1.4x65.0%US$18.9m
FTEK Fuel Tech
1.6x14.3%US$39.1m

Price-To-Sales vs Peers: FTEK is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does FTEK's PE Ratio compare vs other companies in the US Commercial Services Industry?

Price-To-Sales vs Industry: FTEK is expensive based on its Price-To-Sales Ratio (1.6x) compared to the US Commercial Services industry average (1.2x)


Price to Sales Ratio vs Fair Ratio

What is FTEK'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.

FTEK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: FTEK is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).


Share Price vs Fair Value

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

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

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FTEK's PEG Ratio to determine if it is good value.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


68.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FTEK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: FTEK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FTEK is expected to become profitable in the next 3 years.

Revenue vs Market: FTEK's revenue (14.3% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: FTEK's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FTEK's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Fuel Tech performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


37.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FTEK is currently unprofitable.

Growing Profit Margin: FTEK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FTEK is unprofitable, but has reduced losses over the past 5 years at a rate of 37.9% per year.

Accelerating Growth: Unable to compare FTEK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FTEK is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (25.7%).


Return on Equity

High ROE: FTEK has a negative Return on Equity (-2.97%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Fuel Tech's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FTEK's short term assets ($41.5M) exceed its short term liabilities ($4.0M).

Long Term Liabilities: FTEK's short term assets ($41.5M) exceed its long term liabilities ($506.0K).


Debt to Equity History and Analysis

Debt Level: FTEK is debt free.

Reducing Debt: FTEK had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FTEK has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: FTEK has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 1.3% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FTEK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FTEK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FTEK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FTEK's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FTEK has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

11.8yrs

Average management tenure


CEO

Vince Arnone (57 yo)

7.17yrs

Tenure

US$403,009

Compensation

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 sinc...


CEO Compensation Analysis

Compensation vs Market: Vince's total compensation ($USD403.01K) is below average for companies of similar size in the US market ($USD749.40K).

Compensation vs Earnings: Vince's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FTEK's management team is seasoned and experienced (11.8 years average tenure).


Board Members

Experienced Board: FTEK's board of directors are considered experienced (8.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FTEK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fuel Tech, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Fuel Tech, Inc.
  • Ticker: FTEK
  • Exchange: NasdaqCM
  • Founded: 1987
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Implied Market Cap: US$39.082m
  • Shares outstanding: 30.30m
  • Website: https://www.ftek.com

Number of Employees


Location

  • Fuel Tech, Inc.
  • 27601 Bella Vista Parkway
  • Warrenville
  • Illinois
  • 60555-1617
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.