Financials FuelCell Energy, Inc.

Equities

FCEL

US35952H6018

Renewable Energy Equipment & Services

Real-time Estimate Cboe BZX 11:14:24 2024-05-03 am EDT 5-day change 1st Jan Change
0.918 USD +7.56% Intraday chart for FuelCell Energy, Inc. +4.03% -43.40%

Valuation

Fiscal Period: Ottobre 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 46.14 578.8 2,929 1,265 491.2 385.7 - -
Enterprise Value (EV) 1 46.14 620.2 2,586 903.4 267.1 307.5 419 471.1
P/E ratio -0.13 x -4.76 x -25.8 x -8.21 x -4.19 x -3.2 x -3.4 x -5.65 x
Yield - - - - - - - -
Capitalization / Revenue 0.76 x 8.17 x 42.1 x 9.7 x 3.98 x 3.76 x 2.17 x 1.52 x
EV / Revenue 0.76 x 8.75 x 37.2 x 6.92 x 2.16 x 3 x 2.36 x 1.86 x
EV / EBITDA -1.35 x -35 x -72.4 x -9.86 x -2.6 x -3.54 x -8.14 x 25.9 x
EV / FCF -1.41 x -16.7 x -33.7 x -6.78 x -1.49 x -1.94 x -2.94 x -3.76 x
FCF Yield -70.9% -5.99% -2.97% -14.7% -67.2% -51.5% -34% -26.6%
Price to Book 0.1 x 3.03 x 4.56 x 1.85 x 0.72 x 0.61 x 0.7 x 0.74 x
Nbr of stocks (in thousands) 193,609 289,399 366,614 405,563 450,626 451,921 - -
Reference price 2 0.2383 2.000 7.990 3.120 1.090 0.8535 0.8535 0.8535
Announcement Date 1/22/20 1/21/21 12/29/21 12/20/22 12/19/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 60.75 70.87 69.58 130.5 123.4 102.6 177.7 253.6
EBITDA 1 -34.22 -17.7 -35.71 -91.66 -102.9 -86.78 -51.48 18.21
EBIT 1 -46.57 -39.17 -64.9 -143.7 -136.1 -134.1 -108.6 -71.11
Operating Margin -76.65% -55.26% -93.27% -110.15% -110.28% -130.78% -61.11% -28.04%
Earnings before Tax (EBT) 1 -77.46 -89.06 -101 -146.4 -107.5 -140 -114.4 -78.62
Net income 1 -100.2 -92.44 -104.3 -145.9 -110.8 -129.3 -123.7 -94.67
Net margin -165.01% -130.43% -149.82% -111.83% -89.77% -126.11% -69.59% -37.33%
EPS 2 -1.820 -0.4200 -0.3100 -0.3800 -0.2600 -0.2669 -0.2513 -0.1510
Free Cash Flow 1 -32.72 -37.16 -76.79 -133.2 -179.6 -158.4 -142.4 -125.2
FCF margin -53.86% -52.44% -110.36% -102.12% -145.55% -154.43% -80.14% -49.38%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 1/22/20 1/21/21 12/29/21 12/20/22 12/19/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Octubre 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 13.94 31.8 16.38 43.1 39.2 37.07 38.35 25.51 22.46 16.69 21 28.19 36.66 34.55 42.22
EBITDA 1 -11.86 -13.6 -21.19 -20.77 -36.1 -14.41 -26.03 -34.77 -30.83 -29.14 -20.5 -19.4 -15.85 -13.88 -11.58
EBIT 1 -22.55 -20.84 -28.22 -28 -42.67 -22.46 -35.86 -41.4 -36.38 -40.62 -30.93 -31.43 -27.77 -26.47 -24.1
Operating Margin -161.85% -65.56% -172.22% -64.95% -108.84% -60.57% -93.5% -162.27% -161.94% -243.36% -147.34% -111.51% -75.75% -76.62% -57.09%
Earnings before Tax (EBT) 1 -24.15 -46.12 -30.13 -28.48 -41.68 -21.09 -33.91 -23.6 -29.46 -44.4 -33.97 -33.85 -30.06 -28.39 -26.1
Net income 1 -24.98 -41.42 -31.02 -30.21 -43.27 -19.42 -35.1 -24.28 -31.16 -20.59 -35.47 -35.44 -30.98 -31.47 -28.45
Net margin -179.27% -130.28% -189.31% -70.1% -110.37% -52.39% -91.54% -95.17% -138.74% -123.38% -168.94% -125.72% -84.51% -91.07% -67.39%
EPS 2 -0.0700 -0.1100 -0.0800 -0.0800 -0.1100 -0.0500 -0.0900 -0.0600 -0.0700 -0.0500 -0.0762 -0.0754 -0.0702 -0.0617 -0.0556
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 12/29/21 3/10/22 6/9/22 9/8/22 12/20/22 3/9/23 6/8/23 9/11/23 12/19/23 3/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: Octubre 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 41.4 - - - - 33.3 85.4
Net Cash position 1 - - 343 362 224 78.2 - -
Leverage (Debt/EBITDA) - -2.336 x - - - - -0.6464 x 4.689 x
Free Cash Flow 1 -32.7 -37.2 -76.8 -133 -180 -158 -142 -125
ROE (net income / shareholders' equity) -64.2% -68.4% -24.9% -22% -16.2% -15.9% -16.2% -7.08%
ROA (Net income/ Total Assets) -29.8% -21.6% -14.9% -16.1% -11.7% -12.1% -13.2% -
Assets 1 336.9 428.5 699.4 907.5 947.6 1,072 936.5 -
Book Value Per Share 2 2.460 0.6600 1.750 1.690 1.510 1.410 1.220 1.150
Cash Flow per Share - - - - - - - -
Capex 1 2.15 0.38 6.35 21.1 39.4 62 49.6 36.7
Capex / Sales 3.54% 0.54% 9.13% 16.15% 31.89% 60.46% 27.9% 14.46%
Announcement Date 1/22/20 1/21/21 12/29/21 12/20/22 12/19/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
0.8535 USD
Average target price
1.479 USD
Spread / Average Target
+73.24%
Consensus
  1. Stock Market
  2. Equities
  3. FCEL Stock
  4. Financials FuelCell Energy, Inc.