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ADVANCED EMISSIONS SOLUTIONS (ADES) Stock Fundamental Analysis

NASDAQ:ADES - Nasdaq - US00770C1018 - Common Stock - Currency: USD

3.36  +0.1 (+3.07%)

Fundamental Rating

3

ADES gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 84 industry peers in the Chemicals industry. The financial health of ADES is average, but there are quite some concerns on its profitability. ADES is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year ADES has reported negative net income.
ADES had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ADES reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: ADES reported negative operating cash flow in multiple years.
ADES Yearly Net Income VS EBIT VS OCF VS FCFADES Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 20M -20M 40M -40M 60M 80M

1.2 Ratios

Looking at the Return On Assets, with a value of -8.19%, ADES is doing worse than 84.88% of the companies in the same industry.
Looking at the Return On Equity, with a value of -10.83%, ADES is doing worse than 79.07% of the companies in the same industry.
Industry RankSector Rank
ROA -8.19%
ROE -10.83%
ROIC N/A
ROA(3y)4.61%
ROA(5y)11.27%
ROE(3y)3.61%
ROE(5y)19.12%
ROIC(3y)N/A
ROIC(5y)N/A
ADES Yearly ROA, ROE, ROICADES Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 50 -50 100 -100

1.3 Margins

ADES has a Gross Margin (25.19%) which is in line with its industry peers.
In the last couple of years the Gross Margin of ADES has declined.
The Profit Margin and Operating Margin are not available for ADES so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 25.19%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.41%
GM growth 5Y-5.98%
ADES Yearly Profit, Operating, Gross MarginsADES Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 50 -50 100 150

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5

2. Health

2.1 Basic Checks

ADES does not have a ROIC to compare to the WACC, probably because it is not profitable.
ADES has more shares outstanding than it did 1 year ago.
ADES has a worse debt/assets ratio than last year.
ADES Yearly Shares OutstandingADES Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M 20M
ADES Yearly Total Debt VS Total AssetsADES Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M

2.2 Solvency

ADES has an Altman-Z score of 2.05. This is not the best score and indicates that ADES is in the grey zone with still only limited risk for bankruptcy at the moment.
ADES has a Altman-Z score of 2.05. This is comparable to the rest of the industry: ADES outperforms 48.84% of its industry peers.
ADES has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
ADES has a better Debt to Equity ratio (0.11) than 80.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 2.05
ROIC/WACCN/A
WACC8.68%
ADES Yearly LT Debt VS Equity VS FCFADES Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 50M 100M

2.3 Liquidity

ADES has a Current Ratio of 4.16. This indicates that ADES is financially healthy and has no problem in meeting its short term obligations.
ADES has a better Current ratio (4.16) than 83.72% of its industry peers.
A Quick Ratio of 3.32 indicates that ADES has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.32, ADES belongs to the top of the industry, outperforming 86.05% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.16
Quick Ratio 3.32
ADES Yearly Current Assets VS Current LiabilitesADES Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M

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4

3. Growth

3.1 Past

The earnings per share for ADES have decreased strongly by -7600.00% in the last year.
The Revenue for ADES has decreased by -10.29% in the past year. This is quite bad
Measured over the past years, ADES shows a quite strong growth in Revenue. The Revenue has been growing by 17.80% on average per year.
EPS 1Y (TTM)-7600%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%46.15%
Revenue 1Y (TTM)-10.29%
Revenue growth 3Y13.69%
Revenue growth 5Y17.8%
Sales Q2Q%4.89%

3.2 Future

The Earnings Per Share is expected to grow by 31.11% on average over the next years. This is a very strong growth
ADES is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.65% yearly.
EPS Next Y-31.14%
EPS Next 2Y28.3%
EPS Next 3Y32.63%
EPS Next 5Y31.11%
Revenue Next Year-2.95%
Revenue Next 2Y1.58%
Revenue Next 3Y11.05%
Revenue Next 5Y13.65%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
ADES Yearly Revenue VS EstimatesADES Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
ADES Yearly EPS VS EstimatesADES Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2023 2024 2025 2026 2027 0 1 2

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for ADES. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for ADES. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
ADES Price Earnings VS Forward Price EarningsADES Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
ADES Per share dataADES EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

A more expensive valuation may be justified as ADES's earnings are expected to grow with 32.63% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.3%
EPS Next 3Y32.63%

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0

5. Dividend

5.1 Amount

ADES does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ADVANCED EMISSIONS SOLUTIONS

NASDAQ:ADES (1/31/2024, 8:00:00 PM)

3.36

+0.1 (+3.07%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)11-08 2023-11-08/amc
Earnings (Next)03-06 2024-03-06/amc
Inst Owners47.41%
Inst Owner Change0.8%
Ins Owners17.93%
Ins Owner Change0%
Market Cap111.48M
Analysts82.86
Price Target6.12 (82.14%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)-67.64%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.47%
Min EPS beat(2)-28.68%
Max EPS beat(2)37.61%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)15.29%
Min Revenue beat(2)14.69%
Max Revenue beat(2)15.89%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)20%
EPS NY rev (1m)0%
EPS NY rev (3m)12.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.59%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.18
P/FCF N/A
P/OCF N/A
P/B 0.64
P/tB 0.67
EV/EBITDA N/A
EPS(TTM)-0.77
EYN/A
EPS(NY)-0.17
Fwd EYN/A
FCF(TTM)-1.49
FCFYN/A
OCF(TTM)-0.83
OCFYN/A
SpS2.85
BVpS5.25
TBVpS5.01
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -8.19%
ROE -10.83%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 25.19%
FCFM N/A
ROA(3y)4.61%
ROA(5y)11.27%
ROE(3y)3.61%
ROE(5y)19.12%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.41%
GM growth 5Y-5.98%
F-Score1
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 244.57%
Cap/Sales 23.11%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.16
Quick Ratio 3.32
Altman-Z 2.05
F-Score1
WACC8.68%
ROIC/WACCN/A
Cap/Depr(3y)110.43%
Cap/Depr(5y)113.45%
Cap/Sales(3y)9.29%
Cap/Sales(5y)9.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7600%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%46.15%
EPS Next Y-31.14%
EPS Next 2Y28.3%
EPS Next 3Y32.63%
EPS Next 5Y31.11%
Revenue 1Y (TTM)-10.29%
Revenue growth 3Y13.69%
Revenue growth 5Y17.8%
Sales Q2Q%4.89%
Revenue Next Year-2.95%
Revenue Next 2Y1.58%
Revenue Next 3Y11.05%
Revenue Next 5Y13.65%
EBIT growth 1Y-160.35%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year10.64%
EBIT Next 3Y52.56%
EBIT Next 5Y44.46%
FCF growth 1Y-240.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-162.89%
OCF growth 3YN/A
OCF growth 5YN/A