NasdaqGS:FTEK

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.

Risks

  • Fuel Tech has significant price volatility in the past 3 months.
  • Fuel Tech is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Fuel Tech's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.3%

FTEK

1.4%

US Commercial Services

-0.6%

US Market


1 Year Return

-27.7%

FTEK

6.7%

US Commercial Services

0.7%

US Market

FTEK underperformed the Commercial Services industry which returned 6.7% over the past year.

FTEK underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

FTEKIndustryMarket
7 Day-4.3%1.4%-0.6%
30 Day10.9%2.1%2.9%
90 Day-25.5%0.9%1.3%
1 Year-27.7%-27.7%10.7%6.7%2.9%0.7%
3 Year-34.0%-34.0%67.1%55.7%44.6%35.2%
5 Year-77.0%-77.0%102.4%82.3%61.9%44.2%

Price Volatility Vs. Market

How volatile is Fuel Tech's share price compared to the market and industry in the last 5 years?


Simply Wall St News

2 weeks ago | Simply Wall St

Should You Worry About Fuel Tech, Inc.'s (NASDAQ:FTEK) CEO Pay Cheque?

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Fuel Tech's share price is below the future cash flow value, and at a moderate discount (> 20%).

Fuel Tech's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Fuel Tech is loss making, we can't compare its value to the US Commercial Services industry average.

Fuel Tech is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Fuel Tech, we can't assess if its growth is good value.


Price Based on Value of Assets

Fuel Tech is good value based on assets compared to the US Commercial Services industry average.


Next Steps

Future Growth

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

51.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Fuel Tech's revenue is expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).

Fuel Tech's earnings are expected to grow significantly at over 20% yearly.

Fuel Tech's revenue growth is expected to exceed the United States of America market average.

Fuel Tech's earnings growth is expected to exceed the United States of America market average.

Fuel Tech's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Fuel Tech will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Fuel Tech performed over the past 5 years?

22.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Fuel Tech does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Fuel Tech's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Fuel Tech's 1-year growth to the US Commercial Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Fuel Tech has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Fuel Tech has efficiently used its assets last year compared to the US Commercial Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Fuel Tech improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Fuel Tech's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Fuel Tech has no debt.

Fuel Tech has no debt compared to 5 years ago when it was 2.7%.


Balance Sheet

Low level of unsold assets.

Fuel Tech has no debt, it does not need to be covered by short term assets.


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.

Whilst loss making Fuel Tech has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Fuel Tech has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -11.1% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

9.9yrs

Average management tenure


CEO

Vince Arnone (55yo)

4.4yrs

Tenure

US$514,005

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

Vince's remuneration is about average for companies of similar size in United States of America.

Vince's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.9yrs

Average Tenure

59yo

Average Age

The average tenure for the Fuel Tech management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.5yrs

Average Tenure

69.5yo

Average Age

The tenure for the Fuel Tech board of directors is about average.


Insider Trading

More shares have been bought than sold by Fuel Tech individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$20,14006 Sep 19
Vincent Arnone
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares20,000
Max PriceUS$1.01
BuyUS$16,44028 Aug 19
James Markowsky
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$0.82
BuyUS$18,22518 Jun 19
Vincent Arnone
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares15,000
Max PriceUS$1.22
SellUS$10,56322 May 19
James Pach
EntityIndividual
Role
Chief Financial Officer
Principal Financial Officer
Shares6,859
Max PriceUS$1.54
SellUS$33,20025 Mar 19
James Markowsky
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$1.66

Ownership Breakdown


Management Team

  • Vincent Albanese (70yo)

    Senior Vice President of Regulatory Affairs

    • Tenure: 19.3yrs
    • Compensation: US$620.94k
  • Vince Arnone (55yo)

    Chairman

    • Tenure: 4.4yrs
    • Compensation: US$514.01k
  • William Sun (61yo)

    Vice President of International Business & Technologies

    • Tenure: 9yrs
    • Compensation: US$140.94k
  • Ron Seidel (72yo)

    Executive Consultant

    • Tenure: 14.7yrs
  • Kevin Dougherty (57yo)

    Vice President of Business Development & Marketing

    • Tenure: 0yrs
  • William Cummings (62yo)

    Senior Vice President of Sales

    • Tenure: 10.7yrs
    • Compensation: US$478.49k
  • Ellen Albrecht (46yo)

    VP, Accounting Manager & Controller

    • Tenure: 0yrs
  • Al Grigonis (69yo)

    Senior VP

    • Tenure: 11.7yrs
    • Compensation: US$363.11k
  • Dave Collins (54yo)

    Senior Financial Advisor

    • Tenure: 9.1yrs
    • Compensation: US$293.50k
  • James Pach (39yo)

    Principal Financial Officer

    • Tenure: 1.6yrs
    • Compensation: US$237.97k

Board Members

  • Thomas Shaw (71yo)

    Lead Director

    • Tenure: 8.6yrs
    • Compensation: US$57.50k
  • Dennis Zeitler (70yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$50.00k
  • Doug Bailey (69yo)

    Director

    • Tenure: 21.4yrs
    • Compensation: US$40.00k
  • Jim Markowsky (74yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: US$45.00k
  • Vince Arnone (55yo)

    Chairman

    • Tenure: 4.4yrs
    • Compensation: US$514.01k
  • Sharon Jones (58yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$31.67k

Company Information

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


Key Information

  • Name: Fuel Tech, Inc.
  • Ticker: FTEK
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: US$23.614m
  • Shares outstanding: 24.19m
  • Website: https://www.ftek.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTEKNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDSep 1993
FUE1DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1993

Biography

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 Cont ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:39
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.