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
|Historical stock prices|
|Current Share Price||US$1.29|
|52 Week High||US$2.50|
|52 Week Low||US$1.02|
|1 Month Change||-3.01%|
|3 Month Change||-7.86%|
|1 Year Change||-46.69%|
|3 Year Change||-7.86%|
|5 Year Change||63.27%|
|Change since IPO||-83.36%|
Recent News & Updates
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.
|FTEK||US Commercial Services||US Market|
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.
|FTEK Average Weekly Movement||7.6%|
|Commercial Services Industry Average Movement||7.2%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
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
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
|FTEK fundamental statistics|
Is FTEK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FTEK income statement (TTM)|
|Cost of Revenue||US$12.93m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.044|
|Net Profit Margin||-5.42%|
How did FTEK perform over the long term?See historical performance and comparison
Is FTEK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is FTEK's n/a Ratio?|
Price to Sales Ratio vs Peers
How does FTEK's PS Ratio compare to its peers?
|FTEK PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
PGTK Pacific Green Technologies
MEEC Midwest Energy Emissions
FTEK Fuel Tech
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.
|Current PS Ratio||1.6x|
|Fair PS Ratio||0.7x|
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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How is Fuel Tech forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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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How has Fuel Tech performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Fuel Tech's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
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.
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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What is Fuel Tech current dividend yield, its reliability and sustainability?
Dividend Score 0/6
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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Vince Arnone (57 yo)
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.
Experienced Management: FTEK's management team is seasoned and experienced (11.8 years average tenure).
Experienced Board: FTEK's board of directors are considered experienced (8.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fuel Tech, Inc.'s employee growth, exchange listings and data sources
- 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
- Fuel Tech, Inc.
- 27601 Bella Vista Parkway
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.