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FUELCELL ENERGY INC (FCEL) Stock Fundamental Analysis

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

3.73  0 (0%)

After market: 3.7695 +0.04 (+1.06%)

Fundamental Rating

3

Overall FCEL gets a fundamental rating of 3 out of 10. We evaluated FCEL against 97 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

FCEL had negative earnings in the past year.
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

With a Return On Assets value of -15.18%, FCEL perfoms like the industry average, outperforming 53.61% of the companies in the same industry.
With a Return On Equity value of -19.82%, FCEL perfoms like the industry average, outperforming 59.79% of the companies in the same industry.
Industry RankSector Rank
ROA -15.18%
ROE -19.82%
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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5

2. Health

2.1 Basic Checks

FCEL does not have a ROIC to compare to the WACC, probably because it is not profitable.
FCEL has more shares outstanding than it did 1 year ago.
FCEL has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FCEL has a worse debt to assets ratio.
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

Based on the Altman-Z score of -2.29, we must say that FCEL is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -2.29, FCEL is doing worse than 69.07% of the companies in the same industry.
FCEL has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
FCEL has a better Debt to Equity ratio (0.16) than 62.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Altman-Z -2.29
ROIC/WACCN/A
WACC6.12%
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

FCEL has a Current Ratio of 6.34. This indicates that FCEL is financially healthy and has no problem in meeting its short term obligations.
FCEL's Current ratio of 6.34 is amongst the best of the industry. FCEL outperforms 90.72% of its industry peers.
FCEL has a Quick Ratio of 4.40. This indicates that FCEL is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of FCEL (4.40) is better than 88.66% of its industry peers.
Industry RankSector Rank
Current Ratio 6.34
Quick Ratio 4.4
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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6

3. Growth

3.1 Past

The earnings per share for FCEL have decreased strongly by -2711.11% in the last year.
Looking at the last year, FCEL shows a quite strong growth in Revenue. The Revenue has grown by 11.09% in the last year.
The Revenue has been growing by 13.02% on average over the past years. This is quite good.
EPS 1Y (TTM)-2711.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2600%
Revenue 1Y (TTM)11.09%
Revenue growth 3Y17.23%
Revenue growth 5Y13.02%
Sales Q2Q%13.82%

3.2 Future

The Earnings Per Share is expected to grow by 15.74% on average over the next years. This is quite good.
The Revenue is expected to grow by 30.97% on average over the next years. This is a very strong growth
EPS Next Y9.81%
EPS Next 2Y10.26%
EPS Next 3Y15.74%
EPS Next 5YN/A
Revenue Next Year53.13%
Revenue Next 2Y31.68%
Revenue Next 3Y36.65%
Revenue Next 5Y30.97%

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 -200 -400 -600

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FCEL. In the last year negative earnings were reported.
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 5 10 15 20 25

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 20 30

4.3 Compensation for Growth

FCEL's earnings are expected to grow with 15.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.26%
EPS Next 3Y15.74%

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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 (4/23/2025, 8:03:02 PM)

After market: 3.7695 +0.04 (+1.06%)

3.73

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-11 2025-03-11/bmo
Earnings (Next)06-09 2025-06-09/amc
Inst Owners41.09%
Inst Owner Change-0.45%
Ins Owners0.34%
Ins Owner Change1.61%
Market Cap78.85M
Analysts49.23
Price Target10.41 (179.09%)
Short Float %23.01%
Short Ratio5.04
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.18
Dividend Growth(5Y)58.12%
DP-2.32%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.11%
Min EPS beat(2)-14.12%
Max EPS beat(2)11.91%
EPS beat(4)3
Avg EPS beat(4)3.12%
Min EPS beat(4)-14.12%
Max EPS beat(4)11.91%
EPS beat(8)6
Avg EPS beat(8)9.46%
EPS beat(12)7
Avg EPS beat(12)-2.84%
EPS beat(16)9
Avg EPS beat(16)-6.23%
Revenue beat(2)1
Avg Revenue beat(2)-11.15%
Min Revenue beat(2)-44.06%
Max Revenue beat(2)21.76%
Revenue beat(4)3
Avg Revenue beat(4)-4.16%
Min Revenue beat(4)-44.06%
Max Revenue beat(4)21.76%
Revenue beat(8)4
Avg Revenue beat(8)-2.84%
Revenue beat(12)6
Avg Revenue beat(12)-3.2%
Revenue beat(16)8
Avg Revenue beat(16)-3.73%
PT rev (1m)0%
PT rev (3m)-30.72%
EPS NQ rev (1m)-2.65%
EPS NQ rev (3m)3.02%
EPS NY rev (1m)4.61%
EPS NY rev (3m)-5.56%
Revenue NQ rev (1m)-9.52%
Revenue NQ rev (3m)-32.09%
Revenue NY rev (1m)-12.25%
Revenue NY rev (3m)-13.36%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.69
P/FCF N/A
P/OCF N/A
P/B 0.11
P/tB 0.12
EV/EBITDA N/A
EPS(TTM)-7.59
EYN/A
EPS(NY)-4.93
Fwd EYN/A
FCF(TTM)-8.95
FCFYN/A
OCF(TTM)-6.64
OCFYN/A
SpS5.41
BVpS32.88
TBVpS32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -15.18%
ROE -19.82%
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-Score1
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 130.1%
Cap/Sales 42.68%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.34
Quick Ratio 4.4
Altman-Z -2.29
F-Score1
WACC6.12%
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)-2711.11%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-2600%
EPS Next Y9.81%
EPS Next 2Y10.26%
EPS Next 3Y15.74%
EPS Next 5YN/A
Revenue 1Y (TTM)11.09%
Revenue growth 3Y17.23%
Revenue growth 5Y13.02%
Sales Q2Q%13.82%
Revenue Next Year53.13%
Revenue Next 2Y31.68%
Revenue Next 3Y36.65%
Revenue Next 5Y30.97%
EBIT growth 1Y6.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year54.58%
EBIT Next 3Y23.8%
EBIT Next 5Y18.69%
FCF growth 1Y-19.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-19.14%
OCF growth 3YN/A
OCF growth 5YN/A