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FUELCELL ENERGY INC (FCEL) Stock Fundamental Analysis

NASDAQ:FCEL - Nasdaq - US35952H7008 - Common Stock - Currency: USD

7.07  -0.48 (-6.36%)

After market: 7.17 +0.1 (+1.41%)

Fundamental Rating

3

Taking everything into account, FCEL scores 3 out of 10 in our fundamental rating. FCEL was compared to 93 industry peers in the Electrical Equipment industry. The financial health of FCEL is average, but there are quite some concerns on its profitability. FCEL is valied quite expensively at the moment, while 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 FCEL has reported negative net income.
FCEL had a negative operating cash flow in the past year.
In the past 5 years FCEL always reported negative net income.
FCEL had a negative operating cash flow in each of the past 5 years.
FCEL Yearly Net Income VS EBIT VS OCF VS FCFFCEL 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 -100M -200M -300M -400M -500M

1.2 Ratios

FCEL has a Return On Assets of -13.69%. This is comparable to the rest of the industry: FCEL outperforms 52.17% of its industry peers.
FCEL has a Return On Equity (-18.03%) which is in line with its industry peers.
Industry RankSector Rank
ROA -13.69%
ROE -18.03%
ROIC N/A
ROA(3y)-13.6%
ROA(5y)-14.07%
ROE(3y)-17.52%
ROE(5y)-20.74%
ROIC(3y)N/A
ROIC(5y)N/A
FCEL Yearly ROA, ROE, ROICFCEL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20 -40 -60

1.3 Margins

FCEL does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
FCEL Yearly Profit, Operating, Gross MarginsFCEL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

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4

2. Health

2.1 Basic Checks

FCEL does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FCEL has been increased compared to 1 year ago.
The number of shares outstanding for FCEL has been reduced compared to 5 years ago.
The debt/assets ratio for FCEL is higher compared to a year ago.
FCEL Yearly Shares OutstandingFCEL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
FCEL Yearly Total Debt VS Total AssetsFCEL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

FCEL has an Altman-Z score of -2.00. This is a bad value and indicates that FCEL is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -2.00, FCEL is not doing good in the industry: 70.65% of the companies in the same industry are doing better.
FCEL has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.16, FCEL perfoms like the industry average, outperforming 58.70% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Altman-Z -2
ROIC/WACCN/A
WACC6.84%
FCEL Yearly LT Debt VS Equity VS FCFFCEL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

2.3 Liquidity

A Current Ratio of 6.01 indicates that FCEL has no problem at all paying its short term obligations.
FCEL's Current ratio of 6.01 is amongst the best of the industry. FCEL outperforms 91.30% of its industry peers.
A Quick Ratio of 4.48 indicates that FCEL has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 4.48, FCEL belongs to the top of the industry, outperforming 90.22% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 6.01
Quick Ratio 4.48
FCEL Yearly Current Assets VS Current LiabilitesFCEL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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5

3. Growth

3.1 Past

FCEL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -2229.63%.
Looking at the last year, FCEL shows a decrease in Revenue. The Revenue has decreased by -9.13% in the last year.
FCEL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.02% yearly.
EPS 1Y (TTM)-2229.63%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2814.29%
Revenue 1Y (TTM)-9.13%
Revenue growth 3Y17.23%
Revenue growth 5Y13.02%
Sales Q2Q%119.6%

3.2 Future

The Earnings Per Share is expected to grow by 8.37% on average over the next years. This is quite good.
The Revenue is expected to grow by 30.47% on average over the next years. This is a very strong growth
EPS Next Y5.46%
EPS Next 2Y6.47%
EPS Next 3Y8.37%
EPS Next 5YN/A
Revenue Next Year76.74%
Revenue Next 2Y34.93%
Revenue Next 3Y25.28%
Revenue Next 5Y30.47%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FCEL Yearly Revenue VS EstimatesFCEL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
FCEL Yearly EPS VS EstimatesFCEL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 -200 -400 -600

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0

4. Valuation

4.1 Price/Earnings Ratio

FCEL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FCEL. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FCEL Price Earnings VS Forward Price EarningsFCEL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FCEL Per share dataFCEL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y6.47%
EPS Next 3Y8.37%

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0

5. Dividend

5.1 Amount

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

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FUELCELL ENERGY INC

NASDAQ:FCEL (2/21/2025, 8:17:15 PM)

After market: 7.17 +0.1 (+1.41%)

7.07

-0.48 (-6.36%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)12-19 2024-12-19/bmo
Earnings (Next)03-05 2025-03-05/amc
Inst Owners41.09%
Inst Owner Change-99.94%
Ins Owners0.34%
Ins Owner Change4.58%
Market Cap144.58M
Analysts49.23
Price Target10.22 (44.55%)
Short Float %25.58%
Short Ratio4.09
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.18
Dividend Growth(5Y)58.12%
DP-2.48%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.72%
Min EPS beat(2)-14.12%
Max EPS beat(2)4.68%
EPS beat(4)3
Avg EPS beat(4)9.85%
Min EPS beat(4)-14.12%
Max EPS beat(4)38.82%
EPS beat(8)6
Avg EPS beat(8)12.03%
EPS beat(12)7
Avg EPS beat(12)-3.28%
EPS beat(16)8
Avg EPS beat(16)-16.28%
Revenue beat(2)2
Avg Revenue beat(2)12.22%
Min Revenue beat(2)2.69%
Max Revenue beat(2)21.76%
Revenue beat(4)3
Avg Revenue beat(4)-0.98%
Min Revenue beat(4)-31.3%
Max Revenue beat(4)21.76%
Revenue beat(8)5
Avg Revenue beat(8)6.33%
Revenue beat(12)7
Avg Revenue beat(12)1.86%
Revenue beat(16)8
Avg Revenue beat(16)-3.1%
PT rev (1m)-31.99%
PT rev (3m)-66.12%
EPS NQ rev (1m)-28.02%
EPS NQ rev (3m)-2466.83%
EPS NY rev (1m)-10.66%
EPS NY rev (3m)-2842.51%
Revenue NQ rev (1m)-9.82%
Revenue NQ rev (3m)6.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.28%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.29
P/FCF N/A
P/OCF N/A
P/B 0.2
P/tB 0.21
EV/EBITDA N/A
EPS(TTM)-6.29
EYN/A
EPS(NY)-5.95
Fwd EYN/A
FCF(TTM)-10.39
FCFYN/A
OCF(TTM)-7.48
OCFYN/A
SpS5.48
BVpS35.05
TBVpS34.13
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -13.69%
ROE -18.03%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-13.6%
ROA(5y)-14.07%
ROE(3y)-17.52%
ROE(5y)-20.74%
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 3YN/A
GM growth 5YN/A
F-Score0
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 164.54%
Cap/Sales 53.11%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.01
Quick Ratio 4.48
Altman-Z -2
F-Score0
WACC6.84%
ROIC/WACCN/A
Cap/Depr(3y)642.18%
Cap/Depr(5y)492.58%
Cap/Sales(3y)135.37%
Cap/Sales(5y)111.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2229.63%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2814.29%
EPS Next Y5.46%
EPS Next 2Y6.47%
EPS Next 3Y8.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.13%
Revenue growth 3Y17.23%
Revenue growth 5Y13.02%
Sales Q2Q%119.6%
Revenue Next Year76.74%
Revenue Next 2Y34.93%
Revenue Next 3Y25.28%
Revenue Next 5Y30.47%
EBIT growth 1Y-15.65%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year58.79%
EBIT Next 3Y23.92%
EBIT Next 5Y18.29%
FCF growth 1Y60.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-9.02%
OCF growth 3YN/A
OCF growth 5YN/A