NasdaqGM:ADES

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Advanced Emissions Solutions

Executive Summary

Advanced Emissions Solutions, Inc., together with its subsidiaries, provides emission reduction technologies and specialty chemicals in the United States.


Snowflake Analysis

Undervalued with excellent balance sheet.


Similar Companies

Share Price & News

How has Advanced Emissions Solutions's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ADES's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.0%

ADES

2.1%

US Chemicals

2.5%

US Market


1 Year Return

-64.7%

ADES

4.3%

US Chemicals

16.3%

US Market

Return vs Industry: ADES underperformed the US Chemicals industry which returned 3.3% over the past year.

Return vs Market: ADES underperformed the US Market which returned 15.8% over the past year.


Shareholder returns

ADESIndustryMarket
7 Day1.0%2.1%2.5%
30 Day-15.5%7.9%5.6%
90 Day-43.7%18.4%16.4%
1 Year-62.4%-64.7%6.6%4.3%18.8%16.3%
3 Year-47.2%-58.9%26.6%2.9%45.1%35.7%
5 Year-45.8%-58.9%53.0%19.8%75.8%56.8%

Price Volatility Vs. Market

How volatile is Advanced Emissions Solutions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Advanced Emissions Solutions undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ADES ($4.2) is trading below our estimate of fair value ($428.14)

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


Price To Earnings Ratio

PE vs Industry: ADES is good value based on its PE Ratio (3.9x) compared to the US Chemicals industry average (25.9x).

PE vs Market: ADES is good value based on its PE Ratio (3.9x) compared to the US market (18.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ADES is good value based on its PB Ratio (0.7x) compared to the US Chemicals industry average (2.1x).


Next Steps

Future Growth

How is Advanced Emissions Solutions forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.2%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Advanced Emissions Solutions has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Advanced Emissions Solutions performed over the past 5 years?

23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADES has high quality earnings.

Growing Profit Margin: ADES's current net profit margins (30.5%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: ADES has become profitable over the past 5 years, growing earnings by 23.8% per year.

Accelerating Growth: ADES's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ADES had negative earnings growth (-54.2%) over the past year, making it difficult to compare to the Chemicals industry average (-22.7%).


Return on Equity

High ROE: ADES's Return on Equity (18.9%) is considered low.


Next Steps

Financial Health

How is Advanced Emissions Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: ADES's short term assets ($42.1M) exceed its short term liabilities ($39.0M).

Long Term Liabilities: ADES's short term assets ($42.1M) exceed its long term liabilities ($19.4M).


Debt to Equity History and Analysis

Debt Level: ADES's debt to equity ratio (31.4%) is considered satisfactory.

Reducing Debt: ADES had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: ADES's debt is well covered by operating cash flow (185.9%).

Interest Coverage: Insufficient data to determine if ADES's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Advanced Emissions Solutions's current dividend yield, its reliability and sustainability?

23.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ADES's dividend (23.81%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: ADES's dividend (23.81%) is in the top 25% of dividend payers in the US market (4.45%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ADES has been paying a dividend for less than 10 years.

Growing Dividend: ADES has only been paying a dividend for 3 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94%), ADES's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Greg Marken (38 yo)

0.083

Tenure

US$590,377

Compensation

Mr. Greg P. Marken has been Interim President and Interim Chief Executive Officer at Advanced Emissions Solutions, Inc. since July 1, 2020. Mr. Marken has been Chief Financial Officer at Advanced Emissions ...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD590.38K) is about average for companies of similar size in the US market ($USD598.76K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Greg Marken
Treasurer0.083yrUS$590.38k0.33%
$ 251.9k
Joseph Wong
Chief Product Officerno dataUS$554.09k0.12%
$ 93.1k
Christine Bellino
Chief Accounting Officer & Principal Financial Officer0.083yrno datano data
Ted Sanders
General Counsel & Secretary3.5yrsUS$494.20k0.23%
$ 171.5k
Lorraine Lang
Vice President of Human Resources1.33yrsno datano data

0.7yrs

Average Tenure

43yo

Average Age

Experienced Management: ADES's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
J. Simonton
Independent Director6.25yrsUS$175.34k0.23%
$ 171.1k
Carol Eicher
Independent Director1.33yrsUS$127.61k0.11%
$ 82.8k
Brian Leen
Independent Director1.5yrsUS$162.73k0.11%
$ 82.8k
R. Pate
Independent Director4.17yrsUS$173.06k0.19%
$ 145.7k
Louis Wells
Independent Chairman of the Board4.33yrsUS$210.56k0.23%
$ 170.9k
Gilbert Li
Independent Director4.17yrsUS$160.17kno data

4.2yrs

Average Tenure

56yo

Average Age

Experienced Board: ADES's board of directors are considered experienced (4.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

Advanced Emissions Solutions, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Advanced Emissions Solutions, Inc.
  • Ticker: ADES
  • Exchange: NasdaqGM
  • Founded: 1996
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: US$75.631m
  • Shares outstanding: 18.01m
  • Website: https://www.advancedemissionssolutions.com

Number of Employees


Location

  • Advanced Emissions Solutions, Inc.
  • 640 Plaza Drive
  • Suite 270
  • Highlands Ranch
  • Colorado
  • 80129
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADESNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 2003
OXQ1DB (Deutsche Boerse AG)YesCommon StockDEEUROct 2003

Biography

Advanced Emissions Solutions, Inc., together with its subsidiaries, provides emission reduction technologies and specialty chemicals in the United States. It operates through two segments, Refined Coal; an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 23:52
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.