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FutureFuel

NYSE:FF
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FF
NYSE
$496M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

FutureFuel Corp., through its subsidiaries, manufactures and sells diversified chemical products, bio-based products, and bio-based specialty chemical products in the United States. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • FutureFuel has significant price volatility in the past 3 months.
FF Share Price and Events
7 Day Returns
-2.5%
NYSE:FF
1.6%
US Chemicals
1.6%
US Market
1 Year Returns
-17.5%
NYSE:FF
-15.1%
US Chemicals
2.6%
US Market
FF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FutureFuel (FF) -2.5% -21% -40.4% -17.5% 1.4% -34.9%
US Chemicals 1.6% -6.9% -8.2% -15.1% 16.8% 7%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • FF underperformed the Chemicals industry which returned -15.1% over the past year.
  • FF underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
FF
Industry
5yr Volatility vs Market

FF Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FutureFuel to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FutureFuel.

NYSE:FF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:FF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.868 (1 + (1- 21%) (0.39%))
0.914
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.914 * 5.96%)
8.18%

Discounted Cash Flow Calculation for NYSE:FF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for FutureFuel is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:FF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.18%)
2019 66.32 Est @ -9.83% 61.31
2020 62.30 Est @ -6.06% 53.24
2021 60.17 Est @ -3.42% 47.53
2022 59.22 Est @ -1.58% 43.25
2023 59.05 Est @ -0.29% 39.86
2024 59.41 Est @ 0.62% 37.08
2025 60.16 Est @ 1.25% 34.71
2026 61.18 Est @ 1.7% 32.63
2027 62.41 Est @ 2.01% 30.77
2028 63.79 Est @ 2.22% 29.07
Present value of next 10 years cash flows $409.44
NYSE:FF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $63.79 × (1 + 2.73%) ÷ (8.18% – 2.73%)
$1,203.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,203.54 ÷ (1 + 8.18%)10
$548.51
NYSE:FF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $409.44 + $548.51
$957.94
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $957.94 / 43.74
$21.9
NYSE:FF Discount to Share Price
Calculation Result
Value per share (USD) From above. $21.90
Current discount Discount to share price of $11.33
= -1 x ($11.33 - $21.90) / $21.90
48.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price FutureFuel is available for.
Intrinsic value
48%
Share price is $11.33 vs Future cash flow value of $21.9
Current Discount Checks
For FutureFuel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FutureFuel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FutureFuel's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FutureFuel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FutureFuel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.52
NYSE:FF Share Price ** NYSE (2019-05-21) in USD $11.33
United States of America Chemicals Industry PE Ratio Median Figure of 67 Publicly-Listed Chemicals Companies 18.17x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FutureFuel.

NYSE:FF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FF Share Price ÷ EPS (both in USD)

= 11.33 ÷ 0.52

21.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FutureFuel is overvalued based on earnings compared to the US Chemicals industry average.
  • FutureFuel is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does FutureFuel's expected growth come at a high price?
Raw Data
NYSE:FF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.8%per year
United States of America Chemicals Industry PEG Ratio Median Figure of 49 Publicly-Listed Chemicals Companies 1.29x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for FutureFuel, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FutureFuel's assets?
Raw Data
NYSE:FF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.02
NYSE:FF Share Price * NYSE (2019-05-21) in USD $11.33
United States of America Chemicals Industry PB Ratio Median Figure of 93 Publicly-Listed Chemicals Companies 2.12x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:FF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FF Share Price ÷ Book Value per Share (both in USD)

= 11.33 ÷ 9.02

1.26x

* Primary Listing of FutureFuel.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FutureFuel is good value based on assets compared to the US Chemicals industry average.
X
Value checks
We assess FutureFuel's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. FutureFuel has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FF Future Performance

 How is FutureFuel expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover FutureFuel, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FutureFuel expected to grow at an attractive rate?
  • FutureFuel's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • FutureFuel's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare FutureFuel's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:FF Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.8%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 284 78 23
2018-12-31 291 86 53
2018-09-30 301 82 67
2018-06-30 297 77 61
2018-03-31 277 35 56
2017-12-31 275 39 23
2017-09-30 269 51 26
2017-06-30 261 73 36
2017-03-31 261 98 49
2016-12-31 253 91 56
2016-09-30 218 57 67
2016-06-30 255 51 59

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FutureFuel's earnings are expected to grow by 18.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if FutureFuel is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from FutureFuel Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FF Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.52
2018-12-31 1.22
2018-09-30 1.54
2018-06-30 1.40
2018-03-31 1.28
2017-12-31 0.54
2017-09-30 0.60
2017-06-30 0.82
2017-03-31 1.13
2016-12-31 1.29
2016-09-30 1.54
2016-06-30 1.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if FutureFuel will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess FutureFuel's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FutureFuel has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FF Past Performance

  How has FutureFuel performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FutureFuel's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FutureFuel's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • FutureFuel's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • FutureFuel's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.
Earnings and Revenue History
FutureFuel's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FutureFuel Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 283.77 22.84 6.02 3.05
2018-12-31 291.02 53.14 6.44 3.52
2018-09-30 300.77 67.23 6.80 3.97
2018-06-30 296.95 61.12 6.64 4.03
2018-03-31 276.66 55.90 6.57 4.09
2017-12-31 275.03 23.48 6.72 3.66
2017-09-30 269.14 26.28 7.01 3.14
2017-06-30 260.84 35.78 7.40 2.89
2017-03-31 260.67 49.10 7.68 2.78
2016-12-31 253.19 56.23 7.62 2.72
2016-09-30 217.69 66.95 7.30 2.73
2016-06-30 255.44 58.95 7.51 2.78
2016-03-31 292.16 48.56 7.35 2.71
2015-12-31 299.61 46.12 7.33 2.74
2015-09-30 354.21 46.55 7.24 2.99
2015-06-30 350.29 53.08 7.21 2.98
2015-03-31 313.73 54.62 7.05 3.18
2014-12-31 341.84 52.83 6.68 3.17
2014-09-30 378.94 49.47 6.41 3.17
2014-06-30 396.93 53.41 6.08 3.31
2014-03-31 434.95 66.26 6.40 3.23
2013-12-31 444.92 74.03 6.47 3.44
2013-09-30 393.94 53.67 7.53 3.39
2013-06-30 361.09 50.92 7.72 3.48
2013-03-31 358.27 41.24 7.86 3.52
2012-12-31 351.83 34.30 7.72 3.44
2012-09-30 366.85 38.76 7.25 3.53
2012-06-30 368.88 38.94 7.06 3.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • FutureFuel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FutureFuel used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.
  • FutureFuel's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess FutureFuel's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FutureFuel has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FF Health

 How is FutureFuel's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up FutureFuel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FutureFuel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FutureFuel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FutureFuel's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 190x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FutureFuel Company Filings, last reported 1 month ago.

NYSE:FF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 394.78 1.95 290.48
2018-12-31 389.08 0.00 294.86
2018-09-30 397.85 0.00 302.45
2018-06-30 388.49 0.00 291.49
2018-03-31 382.29 0.00 232.57
2017-12-31 351.60 0.00 235.33
2017-09-30 345.72 0.00 236.83
2017-06-30 341.74 0.00 231.74
2017-03-31 338.56 0.00 211.52
2016-12-31 332.81 0.00 305.42
2016-09-30 427.49 0.00 293.38
2016-06-30 415.94 0.00 265.66
2016-03-31 402.99 0.00 224.52
2015-12-31 394.31 0.00 228.72
2015-09-30 365.69 0.00 247.43
2015-06-30 364.74 0.00 228.30
2015-03-31 364.37 0.00 242.83
2014-12-31 359.01 0.00 211.80
2014-09-30 337.90 0.00 194.88
2014-06-30 331.76 0.00 179.86
2014-03-31 328.89 0.00 211.57
2013-12-31 328.59 0.00 190.73
2013-09-30 316.32 0.00 201.36
2013-06-30 305.84 0.00 185.71
2013-03-31 294.29 0.00 158.56
2012-12-31 260.33 0.00 146.51
2012-09-30 307.76 0.00 196.40
2012-06-30 295.85 0.00 178.97
  • FutureFuel's level of debt (0.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.5% today).
  • Debt is well covered by operating cash flow (4035.2%, greater than 20% of total debt).
  • FutureFuel earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess FutureFuel's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FutureFuel has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FF Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.12%
Current annual income from FutureFuel dividends.
If you bought $2,000 of FutureFuel shares you are expected to receive $42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • FutureFuel's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • FutureFuel's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment

Purchase FutureFuel before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-19 0.240 1.539
2017-12-06 0.240 1.718
2017-11-09 0.240 1.630
2017-08-09 0.240 1.645
2017-05-09 0.240 1.638
2017-03-16 0.240 1.650
2016-11-09 0.240 1.763
2016-08-09 0.240 2.111
2016-05-10 0.240 2.172
2014-12-22 0.240 2.012
2013-11-20 0.480 3.155
2012-11-14 0.690 4.888
2011-11-21 1.600 14.696
2011-04-05 0.500 4.264
2011-02-07 0.400 3.985
2010-11-16 0.800 8.219
2010-08-19 0.600 8.001
2010-05-21 0.400 6.039
2010-05-10 0.200 3.081
2010-03-12 0.500 7.395
2009-12-04 0.300 4.396

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FutureFuel has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • FutureFuel has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of FutureFuel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess FutureFuel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FutureFuel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FutureFuel has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FF Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tony Novelly
COMPENSATION $0
AGE 74
TENURE AS CEO 6.3 years
CEO Bio

Mr. Paul Anthony Novelly, II, also known as Tony, has been an Executive Chairman of FutureFuel Corp., since August 12, 2005. Mr. Tony has been the Chairman and Chief Executive Officer at WPT GP LLC since April 19, 2013. Mr. Tony serves as the President of St. Anthony's Medical Center. He has been the Chief Executive Officer of FutureFuel Corp. since January 2013. He serves as Chief Executive Officer of St. Albans Global Management, LLP. Mr. Novelly serves as Chief Executive Officer of Petroleum Fuel & Terminal Company, Inc. Mr. Novelly serves as President of AIC Limited. He is the Owner of Apex Oil Company, Inc. He served as President and Chief Executive Officer of Apex Oil Company, Inc. from 1979 to 1994. He served as Principal Financial and Accounting Officer of FutureFuel Corp. Mr. Novelly, served as the President at WPT GP LLC since April 2013 until March 2015. He served as Chief Executive Officer of World Point Terminals Inc. Mr. Novelly owned and controlled the Copper Mountain ski resort in Colorado prior to its acquisition by Intrawest in 1997. He has extensive experience in commercial and residential real estate development, including commercial office buildings throughout the United States and a 5,400-acre residential/golf planned community in St. Albans, Missouri. He has been Chairman of Apex Oil Company, Inc. since 1995. He served as Chairman of the Board of World Point Terminals Inc. He has been Deputy Chairman of the Board of Liquid Funding Ltd. since November 9, 2001. He has been a Director of Boss Holdings Inc. (formerly known as Vista 2000 Inc.) since June 1996. He has been an Independent Director of Intrawest ULC since 1997. Mr. Novelly served as an Independent Director of FCB Financial Holdings, Inc., since October 1, 2010 until January 01, 2019. He served as a Non-Independent Director of World Point Terminals Inc. since June 1988. He has been a Director of Western Metals Corporation since December 14, 1994. He serves as Director of Apex Oil Company, Inc. He has been a Director of FutureFuel Corp. since August 12, 2005. He serves as a Director of AIC Ltd. and St. Anthony's Medical Center. He served as a Director of The Bear Stearns Companies, LLC from 2002 to May 31, 2008. He served as a Director of Imperial Bank. He served as a Director of Imperial Bancorp. since 1998.

CEO Compensation
  • Tony's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tony's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the FutureFuel management team in years:

3.8
Average Tenure
54
Average Age
  • The tenure for the FutureFuel management team is about average.
Management Team

Tony Novelly

TITLE
Executive Chairman & CEO
AGE
74
TENURE
6.3 yrs

Rose Sparks

TITLE
CFO, Principal Accounting Officer & Treasurer
COMPENSATION
$331K
AGE
51
TENURE
5.9 yrs

Tom McKinlay

TITLE
Chief Operating Officer
COMPENSATION
$472K
AGE
54
TENURE
2.3 yrs

Paul Flynn

TITLE
Executive Vice President
COMPENSATION
$716K
AGE
51
TENURE
3.8 yrs

Jordy Federko

TITLE
Company Secretary
TENURE
3.8 yrs

Sam Dortch

TITLE
Consultant
COMPENSATION
$323K
AGE
69
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the FutureFuel board of directors in years:

5.8
Average Tenure
71
Average Age
  • The tenure for the FutureFuel board of directors is about average.
Board of Directors

Tony Novelly

TITLE
Executive Chairman & CEO
AGE
74
TENURE
13.8 yrs

Don Bedell

TITLE
Non-Executive Director
COMPENSATION
$68K
AGE
76
TENURE
11.3 yrs

Ed Levy

TITLE
Non-Executive Director
COMPENSATION
$66K
AGE
80
TENURE
13.5 yrs

Paul Manheim

TITLE
Non-Executive Director
COMPENSATION
$68K
AGE
69
TENURE
7.8 yrs

Dale Cole

TITLE
Independent Director
COMPENSATION
$56K
AGE
70
TENURE
3.8 yrs

Jeffrey Schwartz

TITLE
Non-Executive Director
COMPENSATION
$54K
AGE
69
TENURE
3.8 yrs

Terry Egger

TITLE
Independent Director
COMPENSATION
$54K
AGE
61
TENURE
3.8 yrs

Alain Louvel

TITLE
Non-Executive Director
COMPENSATION
$54K
AGE
72
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • FutureFuel insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Mar 19 Sell Paul Flynn Individual 21. Mar 19 21. Mar 19 -20,000 $14.25 $-285,000
X
Management checks
We assess FutureFuel's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FutureFuel has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FF News

Simply Wall St News

Have Insiders Been Selling FutureFuel Corp. (NYSE:FF) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in FutureFuel Corp. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price

Simply Wall St -

A Holistic Look At FutureFuel Corp. (NYSE:FF)

(NYSE:FF) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of FF, it

Simply Wall St -

Is Now The Time To Put FutureFuel (NYSE:FF) On Your Watchlist?

How Quickly Is FutureFuel Increasing Earnings Per Share. … If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS). … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth.

Simply Wall St -

Should FutureFuel Corp. (NYSE:FF) Be Part Of Your Income Portfolio?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, FutureFuel Corp. … Let's dig deeper into whether FutureFuel should have a place in your portfolio.

Simply Wall St -

Should You Be Concerned About FutureFuel Corp.'s (NYSE:FF) Historical Volatility?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

If You Had Bought FutureFuel Shares A Year Ago You'd Have Made 51%

(NYSE:FF) share price is up 51% in the last year, clearly besting than the market return of around 3.1%. … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Is FutureFuel Corp.'s (NYSE:FF) Balance Sheet A Threat To Its Future?

(NYSE:FF), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is financial flexibility worth the lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Is FutureFuel Corp.'s (NYSE:FF) P/E Ratio Really That Good?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at FutureFuel Corp.'s (NYSE:FF) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is FutureFuel Corp.'s (NYSE:FF) ROE Of 17% Impressive?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.17. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should Investors Know About FutureFuel Corp's (NYSE:FF) Capital Returns?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Thus, to understand how your money can grow by investing in FutureFuel, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

FF Company Info

Description

FutureFuel Corp., through its subsidiaries, manufactures and sells diversified chemical products, bio-based products, and bio-based specialty chemical products in the United States. It operates in two segments, Chemicals and Biofuels. The Chemicals segment manufactures and sells custom chemicals, including agrochemicals and intermediates, laundry detergent additives, biocides intermediates, specialty polymers, dyes, stabilizers, and chemicals intermediates; and chemicals used in consumer products consisting of cosmetics and personal care products, specialty polymers, and specialty products used in the fuels industry. This segment also offers performance chemicals, such as polymer modifiers that enhance stain resistance and dye-ability to nylon and polyester fibers; various small-volume specialty chemicals and solvents for a range of applications; and a family of acetal based solvents, including diethoxymethane, dimethoxymethane, dibutoxymethane, glycerol formal, and phenol sulfonic acid. Its chemical products are used in various markets and end uses comprising detergent, agrochemical, automotive, oil and gas, coatings, nutrition, and polymer additives. The Biofuels segment produces and sells biodiesel. It also sells petrodiesel in blends; and engages in buying, selling, and shipping of refined petroleum products on common carrier pipelines. This segment markets its biodiesel products directly to customers through railcars, tank trucks, and barges in the United States. The company was formerly known as Viceroy Acquisition Corporation and changed its name to FutureFuel Corp. in October 2006. FutureFuel Corp. was incorporated in 2005 and is headquartered in Clayton, Missouri.

Details
Name: FutureFuel Corp.
FF
Exchange: NYSE
Founded: 2005
$495,610,943
43,743,243
Website: http://www.futurefuelcorporation.com
Address: FutureFuel Corp.
8235 Forsyth Boulevard,
4th Floor,
Clayton,
Missouri, 63105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FF Common Shares New York Stock Exchange US USD 11. Jul 2008
BST 3FF Common Shares Boerse-Stuttgart DE EUR 11. Jul 2008
Number of employees
Current staff
Staff numbers
548
FutureFuel employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:08
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.