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FUEL TECH INC (FTEK) Stock Fundamental Analysis

NASDAQ:FTEK - Nasdaq - US3595231073 - Common Stock - Currency: USD

1.54  +0.06 (+4.05%)

After market: 1.6 +0.06 (+3.9%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to FTEK. FTEK was compared to 83 industry peers in the Commercial Services & Supplies industry. FTEK has a great financial health rating, but its profitability evaluates not so good. FTEK does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

FTEK had negative earnings in the past year.
In the past year FTEK has reported a negative cash flow from operations.
In the past 5 years FTEK reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: FTEK reported negative operating cash flow in multiple years.
FTEK Yearly Net Income VS EBIT VS OCF VS FCFFTEK 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 2023 2024 0 5M -5M -10M -15M

1.2 Ratios

With a Return On Assets value of -3.98%, FTEK is not doing good in the industry: 62.65% of the companies in the same industry are doing better.
FTEK has a Return On Equity of -4.63%. This is comparable to the rest of the industry: FTEK outperforms 42.17% of its industry peers.
Industry RankSector Rank
ROA -3.98%
ROE -4.63%
ROIC N/A
ROA(3y)-3.28%
ROA(5y)-4.78%
ROE(3y)-3.76%
ROE(5y)-6.07%
ROIC(3y)N/A
ROIC(5y)N/A
FTEK Yearly ROA, ROE, ROICFTEK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30 -40

1.3 Margins

FTEK's Gross Margin of 42.27% is fine compared to the rest of the industry. FTEK outperforms 73.49% of its industry peers.
FTEK's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for FTEK so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.27%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.79%
GM growth 5Y3.6%
FTEK Yearly Profit, Operating, Gross MarginsFTEK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

7

2. Health

2.1 Basic Checks

FTEK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FTEK has more shares outstanding
The number of shares outstanding for FTEK has been increased compared to 5 years ago.
FTEK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FTEK Yearly Shares OutstandingFTEK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
FTEK Yearly Total Debt VS Total AssetsFTEK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

2.2 Solvency

FTEK has an Altman-Z score of 1.35. This is a bad value and indicates that FTEK is not financially healthy and even has some risk of bankruptcy.
FTEK has a worse Altman-Z score (1.35) than 71.08% of its industry peers.
FTEK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 1.35
ROIC/WACCN/A
WACC9.1%
FTEK Yearly LT Debt VS Equity VS FCFFTEK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M

2.3 Liquidity

A Current Ratio of 5.06 indicates that FTEK has no problem at all paying its short term obligations.
With an excellent Current ratio value of 5.06, FTEK belongs to the best of the industry, outperforming 91.57% of the companies in the same industry.
FTEK has a Quick Ratio of 4.99. This indicates that FTEK is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 4.99, FTEK belongs to the best of the industry, outperforming 93.98% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.06
Quick Ratio 4.99
FTEK Yearly Current Assets VS Current LiabilitesFTEK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

3

3. Growth

3.1 Past

FTEK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -200.00%.
The Revenue has decreased by -7.19% in the past year.
FTEK shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.80% yearly.
EPS 1Y (TTM)-200%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-300%
Revenue 1Y (TTM)-7.19%
Revenue growth 3Y1.13%
Revenue growth 5Y-3.8%
Sales Q2Q%28.75%

3.2 Future

Based on estimates for the next years, FTEK will show a very strong growth in Earnings Per Share. The EPS will grow by 35.39% on average per year.
FTEK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.70% yearly.
EPS Next Y15%
EPS Next 2Y14.89%
EPS Next 3Y29.47%
EPS Next 5Y35.39%
Revenue Next Year17.36%
Revenue Next 2Y14.15%
Revenue Next 3Y15.7%
Revenue Next 5Y18.7%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FTEK Yearly Revenue VS EstimatesFTEK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20M 40M 60M 80M
FTEK Yearly EPS VS EstimatesFTEK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 0.2 -0.2

1

4. Valuation

4.1 Price/Earnings Ratio

FTEK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year FTEK is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FTEK Price Earnings VS Forward Price EarningsFTEK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FTEK Per share dataFTEK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

FTEK's earnings are expected to grow with 29.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y14.89%
EPS Next 3Y29.47%

0

5. Dividend

5.1 Amount

No dividends for FTEK!.
Industry RankSector Rank
Dividend Yield N/A

FUEL TECH INC

NASDAQ:FTEK (5/20/2025, 8:00:00 PM)

After market: 1.6 +0.06 (+3.9%)

1.54

+0.06 (+4.05%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)05-12 2025-05-12/amc
Earnings (Next)08-04 2025-08-04
Inst Owners22.67%
Inst Owner Change-3.49%
Ins Owners21.37%
Ins Owner Change0.25%
Market Cap47.39M
Analysts82.86
Price Target4.08 (164.94%)
Short Float %0.4%
Short Ratio2.31
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-98.04%
Min EPS beat(2)-100%
Max EPS beat(2)-96.08%
EPS beat(4)2
Avg EPS beat(4)13.24%
Min EPS beat(4)-100%
Max EPS beat(4)198.04%
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)0
Avg Revenue beat(2)-8.58%
Min Revenue beat(2)-9.15%
Max Revenue beat(2)-8.01%
Revenue beat(4)1
Avg Revenue beat(4)-6.53%
Min Revenue beat(4)-27.77%
Max Revenue beat(4)18.83%
Revenue beat(8)3
Avg Revenue beat(8)-4.6%
Revenue beat(12)6
Avg Revenue beat(12)-1.41%
Revenue beat(16)8
Avg Revenue beat(16)-1.12%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.58%
Revenue NY rev (3m)2.3%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.89
P/FCF N/A
P/OCF N/A
P/B 1.13
P/tB 1.2
EV/EBITDA N/A
EPS(TTM)-0.09
EYN/A
EPS(NY)-0.04
Fwd EYN/A
FCF(TTM)-0.12
FCFYN/A
OCF(TTM)-0.11
OCFYN/A
SpS0.82
BVpS1.36
TBVpS1.28
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.98%
ROE -4.63%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.27%
FCFM N/A
ROA(3y)-3.28%
ROA(5y)-4.78%
ROE(3y)-3.76%
ROE(5y)-6.07%
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-4.79%
GM growth 5Y3.6%
F-Score1
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 82.17%
Cap/Sales 1.5%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.06
Quick Ratio 4.99
Altman-Z 1.35
F-Score1
WACC9.1%
ROIC/WACCN/A
Cap/Depr(3y)84.04%
Cap/Depr(5y)58.47%
Cap/Sales(3y)1.28%
Cap/Sales(5y)1.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-200%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-300%
EPS Next Y15%
EPS Next 2Y14.89%
EPS Next 3Y29.47%
EPS Next 5Y35.39%
Revenue 1Y (TTM)-7.19%
Revenue growth 3Y1.13%
Revenue growth 5Y-3.8%
Sales Q2Q%28.75%
Revenue Next Year17.36%
Revenue Next 2Y14.15%
Revenue Next 3Y15.7%
Revenue Next 5Y18.7%
EBIT growth 1Y-76.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.74%
EBIT Next 3Y28.69%
EBIT Next 5Y30.58%
FCF growth 1Y-1470.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-593.25%
OCF growth 3YN/A
OCF growth 5YN/A