Clean Energy Fuels Corp.

NasdaqGS:CLNE Stock Report

Market Cap: US$589.9m

Clean Energy Fuels Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 CLNE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CLNE ($2.62) is trading below our estimate of fair value ($38.35)

Significantly Below Fair Value: CLNE is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CLNE. This is calculated by dividing CLNE's market cap by their current revenue.
What is CLNE's PS Ratio?
PS Ratio1.4x
SalesUS$413.40m
Market CapUS$589.93m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CLNE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
OPAL OPAL Fuels
0.3x18.1%US$634.3m
GPRE Green Plains
0.3x8.6%US$682.1m
REX REX American Resources
1.1x8.3%US$772.1m
PARR Par Pacific Holdings
0.1x-8.9%US$955.1m
CLNE Clean Energy Fuels
1.4x19.7%US$589.9m

Price-To-Sales vs Peers: CLNE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does CLNE's PS Ratio compare vs other companies in the US Oil and Gas Industry?

37 CompaniesPrice / SalesEstimated GrowthMarket Cap
PSX Phillips 66
0.4x-5.4%US$54.08b
MPC Marathon Petroleum
0.4x-3.6%US$51.04b
VLO Valero Energy
0.3x-2.7%US$44.96b
PAA Plains All American Pipeline
0.2x-2.1%US$12.26b
CLNE 1.4xIndustry Avg. 1.9xNo. of Companies37PS01.63.24.86.48+
37 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CLNE is good value based on its Price-To-Sales Ratio (1.4x) compared to the US Oil and Gas industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is CLNE'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.

CLNE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: CLNE is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 CLNE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.62
US$7.25
+176.7%
75.9%US$22.00US$4.00n/a9
Nov ’25US$2.83
US$7.19
+154.2%
76.8%US$22.00US$4.00n/a9
Oct ’25US$3.01
US$7.19
+139.0%
76.8%US$22.00US$4.00n/a9
Sep ’25US$3.09
US$7.08
+129.2%
78.5%US$22.00US$4.00n/a9
Aug ’25US$2.76
US$7.08
+156.6%
78.5%US$22.00US$4.00n/a9
Jul ’25US$2.50
US$7.14
+185.6%
77.7%US$22.00US$4.00n/a9
Jun ’25US$3.13
US$7.14
+128.1%
77.7%US$22.00US$4.00n/a9
May ’25US$2.32
US$6.98
+200.6%
75.7%US$22.00US$4.00n/a10
Apr ’25US$2.61
US$7.63
+192.1%
66.3%US$22.00US$4.00n/a10
Mar ’25US$3.02
US$7.83
+159.1%
63.8%US$22.00US$4.00n/a10
Feb ’25US$3.02
US$7.93
+162.4%
62.1%US$22.00US$4.00n/a10
Jan ’25US$3.83
US$8.20
+114.2%
55.5%US$22.00US$5.00n/a11
Dec ’24US$3.67
US$8.20
+123.6%
55.5%US$22.00US$5.00n/a11
Nov ’24US$3.50
US$8.66
+147.4%
52.4%US$22.00US$5.50US$2.8311
Oct ’24US$3.83
US$8.75
+128.5%
51.4%US$22.00US$5.50US$3.0111
Sep ’24US$4.25
US$8.88
+108.8%
52.9%US$22.00US$5.50US$3.0910
Aug ’24US$4.85
US$8.78
+80.9%
54.1%US$22.00US$5.50US$2.7610
Jul ’24US$4.96
US$8.97
+80.9%
55.1%US$22.00US$5.50US$2.509
Jun ’24US$4.12
US$8.86
+115.1%
56.4%US$22.00US$5.50US$3.139
May ’24US$4.20
US$8.86
+111.0%
56.4%US$22.00US$5.50US$2.329
Apr ’24US$4.36
US$9.94
+127.9%
51.6%US$22.00US$5.50US$2.618
Mar ’24US$4.86
US$11.31
+133.0%
40.4%US$22.00US$7.00US$3.028
Feb ’24US$5.72
US$13.21
+131.0%
47.9%US$27.00US$7.00US$3.027
Jan ’24US$5.20
US$12.81
+146.4%
47.2%US$27.00US$7.00US$3.838
Dec ’23US$6.41
US$12.93
+101.7%
49.9%US$27.00US$7.00US$3.677
Nov ’23US$6.70
US$12.93
+93.0%
49.9%US$27.00US$7.00US$3.507

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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