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FUEL TECH INC (FTEK) Stock Fundamental Analysis

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

2.86  +0.01 (+0.35%)

After market: 2.9 +0.04 (+1.4%)

Fundamental Rating

4

FTEK gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 84 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.
FTEK had a negative operating cash flow in the past year.
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

FTEK has a worse Return On Assets (-6.34%) than 69.05% of its industry peers.
FTEK has a Return On Equity (-7.15%) which is in line with its industry peers.
Industry RankSector Rank
ROA -6.34%
ROE -7.15%
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 has a better Gross Margin (43.50%) than 75.00% of its industry peers.
In the last couple of years the Gross Margin of FTEK has grown nicely.
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 43.5%
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

8

2. Health

2.1 Basic Checks

FTEK does not have a ROIC to compare to the WACC, probably because it is not profitable.
FTEK has more shares outstanding than it did 1 year ago.
FTEK has more shares outstanding than it did 5 years ago.
There is no outstanding debt for FTEK. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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

An Altman-Z score of 7.31 indicates that FTEK is not in any danger for bankruptcy at the moment.
FTEK has a Altman-Z score of 7.31. This is amongst the best in the industry. FTEK outperforms 89.29% 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 7.31
ROIC/WACCN/A
WACC8.93%
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

FTEK has a Current Ratio of 6.80. This indicates that FTEK is financially healthy and has no problem in meeting its short term obligations.
FTEK has a Current ratio of 6.80. This is amongst the best in the industry. FTEK outperforms 94.05% of its industry peers.
FTEK has a Quick Ratio of 6.67. This indicates that FTEK is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of FTEK (6.67) is better than 95.24% of its industry peers.
Industry RankSector Rank
Current Ratio 6.8
Quick Ratio 6.67
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 -900.00%.
FTEK shows a decrease in Revenue. In the last year, the revenue decreased by -7.19%.
Measured over the past years, FTEK shows a decrease in Revenue. The Revenue has been decreasing by -3.80% on average per year.
EPS 1Y (TTM)-900%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-7.19%
Revenue growth 3Y1.13%
Revenue growth 5Y-3.8%
Sales Q2Q%-21.07%

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.
Based on estimates for the next years, FTEK will show a quite strong growth in Revenue. The Revenue will grow by 18.70% on average per year.
EPS Next Y-2%
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

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

The Price/Earnings Ratio is negative for FTEK. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FTEK. No positive earnings are expected for the next year.
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 40 -40 -60

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

A more expensive valuation may be justified as FTEK's earnings are expected to grow with 29.47% in the coming years.
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 (8/15/2025, 8:24:09 PM)

After market: 2.9 +0.04 (+1.4%)

2.86

+0.01 (+0.35%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)08-05 2025-08-05/amc
Earnings (Next)11-04 2025-11-04
Inst Owners19.66%
Inst Owner Change-5.42%
Ins Owners21.64%
Ins Owner Change0.03%
Market Cap88.03M
Analysts82.86
Price Target4.08 (42.66%)
Short Float %2.78%
Short Ratio1.28
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)1
Avg EPS beat(2)-47.06%
Min EPS beat(2)-96.08%
Max EPS beat(2)1.96%
EPS beat(4)2
Avg EPS beat(4)-35.78%
Min EPS beat(4)-100%
Max EPS beat(4)50.98%
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)-6.89%
Min Revenue beat(2)-8.01%
Max Revenue beat(2)-5.77%
Revenue beat(4)1
Avg Revenue beat(4)-1.03%
Min Revenue beat(4)-9.15%
Max Revenue beat(4)18.83%
Revenue beat(8)2
Avg Revenue beat(8)-6.88%
Revenue beat(12)6
Avg Revenue beat(12)-1.17%
Revenue beat(16)8
Avg Revenue beat(16)-0.81%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-20%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.58%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.31
P/FCF N/A
P/OCF N/A
P/B 2.12
P/tB 2.26
EV/EBITDA N/A
EPS(TTM)-0.1
EYN/A
EPS(NY)-0.04
Fwd EYN/A
FCF(TTM)-0.04
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS0.86
BVpS1.35
TBVpS1.27
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -6.34%
ROE -7.15%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 43.5%
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-Score3
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 61.27%
Cap/Sales 1.24%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.8
Quick Ratio 6.67
Altman-Z 7.31
F-Score3
WACC8.93%
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)-900%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y-2%
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%-21.07%
Revenue Next Year17.36%
Revenue Next 2Y14.15%
Revenue Next 3Y15.7%
Revenue Next 5Y18.7%
EBIT growth 1Y-7.28%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.99%
EBIT Next 3Y28.2%
EBIT Next 5Y30.4%
FCF growth 1Y24.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y38.41%
OCF growth 3YN/A
OCF growth 5YN/A