Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

FuelCell Energy

DB:FEY2
Snowflake Description

Limited growth with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FEY2
DB
$328M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • FuelCell Energy has significant price volatility in the past 3 months.
FEY2 Share Price and Events
7 Day Returns
8.1%
DB:FEY2
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-55.3%
DB:FEY2
-8.2%
DE Electrical
-17.5%
DE Market
FEY2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FuelCell Energy (FEY2) 8.1% -23.6% 8.1% -55.3% -91.3% -99.3%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • FEY2 underperformed the Electrical industry which returned -8.2% over the past year.
  • FEY2 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
FEY2
Industry
5yr Volatility vs Market

Value

 Is FuelCell Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FuelCell Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FuelCell Energy.

DB:FEY2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:FEY2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (60.58%))
1.438
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.438 * 5.44%)
7.43%

Discounted Cash Flow Calculation for DB:FEY2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for FuelCell Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:FEY2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.43%)
2020 11.24 Analyst x3 10.47
2021 -21.06 Analyst x3 -18.25
2022 -15.36 Analyst x2 -12.38
2023 6.88 Analyst x1 5.16
2024 6.61 Est @ -3.91% 4.62
2025 6.42 Est @ -2.85% 4.18
2026 6.29 Est @ -2.12% 3.81
2027 6.19 Est @ -1.6% 3.49
2028 6.11 Est @ -1.24% 3.20
2029 6.05 Est @ -0.98% 2.95
Present value of next 10 years cash flows $7.00
DB:FEY2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $6.05 × (1 + -0.39%) ÷ (7.43% – -0.39%)
$77.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $77.03 ÷ (1 + 7.43%)10
$37.61
DB:FEY2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7.00 + $37.61
$44.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $44.61 / 210.97
$0.21
DB:FEY2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FEY2 represents 0.85531x of NasdaqGM:FCEL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85531x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.21 x 0.85531
€0.18
Value per share (EUR) From above. €0.18
Current discount Discount to share price of €1.33
= -1 x (€1.33 - €0.18) / €0.18
-635.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of FuelCell Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FuelCell Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FuelCell Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FEY2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in USD $-1.05
NasdaqGM:FCEL Share Price ** NasdaqGM (2020-03-31) in USD $1.56
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FuelCell Energy.

DB:FEY2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:FCEL Share Price ÷ EPS (both in USD)

= 1.56 ÷ -1.05

-1.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FuelCell Energy is loss making, we can't compare its value to the DE Electrical industry average.
  • FuelCell Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does FuelCell Energy's expected growth come at a high price?
Raw Data
DB:FEY2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
23.2%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for FuelCell Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FuelCell Energy's assets?
Raw Data
DB:FEY2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in USD $0.31
NasdaqGM:FCEL Share Price * NasdaqGM (2020-03-31) in USD $1.56
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:FEY2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:FCEL Share Price ÷ Book Value per Share (both in USD)

= 1.56 ÷ 0.31

5.08x

* Primary Listing of FuelCell Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FuelCell Energy is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess FuelCell Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. FuelCell Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is FuelCell Energy expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FuelCell Energy expected to grow at an attractive rate?
  • Unable to compare FuelCell Energy's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare FuelCell Energy's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • FuelCell Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FEY2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FEY2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 23.2%
DB:FEY2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 27.2%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:FEY2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FEY2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-10-31 161 13 -40 1
2022-10-31 117 -11 -58 2
2021-10-31 86 -18 -58 3
2020-10-31 67 1 -84 3
2020-03-31
DB:FEY2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-31 59 -108
2019-10-31 61 -31 -100
2019-07-31 68 -31 -82
2019-04-30 57 -44 -91
2019-01-31 69 -36 -87
2018-10-31 89 16 -62
2018-07-31 119 15 -55
2018-04-30 118 9 -55
2018-01-31 117 -7 -51
2017-10-31 96 -72 -57
2017-07-31 72 -58 -60
2017-04-30 84 -64 -54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FuelCell Energy is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • FuelCell Energy's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:FEY2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from FuelCell Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FEY2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-10-31 -0.17 -0.17 -0.17 1.00
2022-10-31 -0.26 -0.20 -0.32 2.00
2021-10-31 -0.27 -0.25 -0.31 3.00
2020-10-31 -0.40 -0.38 -0.43 3.00
2020-03-31
DB:FEY2 Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-31 -1.05
2019-10-31 -1.82
2019-07-31 -4.53
2019-04-30 -10.66
2019-01-31 -11.60
2018-10-31 -9.01
2018-07-31 -8.81
2018-04-30 -9.78
2018-01-31 -10.47
2017-10-31 -13.73
2017-07-31 -16.86
2017-04-30 -17.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if FuelCell Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess FuelCell Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FuelCell Energy has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has FuelCell Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FuelCell Energy's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FuelCell Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare FuelCell Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare FuelCell Energy's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
FuelCell Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FuelCell Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FEY2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 59.23 -108.29 30.18 8.66
2019-10-31 60.75 -100.25 31.67 13.79
2019-07-31 67.60 -82.17 28.70 19.87
2019-04-30 56.99 -91.46 27.75 24.21
2019-01-31 68.61 -86.76 25.03 25.05
2018-10-31 89.44 -62.17 24.41 22.82
2018-07-31 119.44 -55.02 25.95 19.61
2018-04-30 117.69 -55.20 26.16 18.69
2018-01-31 117.28 -51.06 25.55 19.05
2017-10-31 95.67 -57.10 25.42 20.40
2017-07-31 72.25 -59.99 24.61 21.30
2017-04-30 83.61 -54.00 23.76 21.20
2017-01-31 91.77 -56.13 24.71 20.93
2016-10-31 108.25 -54.16 24.75 20.85
2016-07-31 135.23 -50.16 24.96 20.51
2016-04-30 154.87 -45.68 25.61 19.80
2016-01-31 154.89 -40.21 24.43 19.25
2015-10-31 163.08 -32.56 24.03 17.44
2015-07-31 166.04 -28.40 24.43 16.95
2015-04-30 167.86 -28.84 23.90 16.75
2015-01-31 177.53 -34.79 23.38 16.83
2014-10-31 180.29 -41.33 22.60 18.24
2014-07-31 181.04 -46.33 21.02 18.35
2014-04-30 191.57 -44.96 20.65 17.87
2014-01-31 195.73 -36.48 20.34 17.31
2013-10-31 187.66 -37.56 21.02 15.72
2013-07-31 167.92 -39.20 21.75 14.74
2013-04-30 143.91 -43.51 21.12 14.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if FuelCell Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if FuelCell Energy has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if FuelCell Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess FuelCell Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FuelCell Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is FuelCell Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up FuelCell Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FuelCell Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FuelCell Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of FuelCell Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FuelCell Energy Company Filings, last reported 2 months ago.

DB:FEY2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 124.44 188.13 38.25
2019-10-31 136.19 78.18 9.43
2019-07-31 145.67 137.98 16.02
2019-04-30 134.20 128.62 14.89
2019-01-31 153.83 74.58 27.75
2018-10-31 177.72 57.39 39.29
2018-07-31 165.88 105.77 48.66
2018-04-30 175.05 106.78 66.97
2018-01-31 187.85 97.81 76.78
2017-10-31 189.61 102.85 49.29
2017-07-31 160.47 102.34 35.68
2017-04-30 161.06 100.76 46.45
2017-01-31 166.24 101.30 57.65
2016-10-31 174.95 95.22 84.19
2016-07-31 185.32 65.30 94.15
2016-04-30 154.72 65.57 81.98
2016-01-31 156.66 39.19 76.94
2015-10-31 155.31 29.21 58.85
2015-07-31 158.63 28.81 65.52
2015-04-30 160.75 27.20 82.99
2015-01-31 162.57 26.76 84.66
2014-10-31 159.01 24.91 83.71
2014-07-31 157.54 25.16 107.94
2014-04-30 101.53 25.65 64.25
2014-01-31 86.89 51.01 78.47
2013-10-31 47.37 65.18 67.70
2013-07-31 51.98 61.30 81.36
2013-04-30 57.98 25.61 56.04
  • FuelCell Energy's level of debt (151.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.5% vs 151.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • FuelCell Energy has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if FuelCell Energy has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess FuelCell Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FuelCell Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is FuelCell Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from FuelCell Energy dividends.
If you bought €2,000 of FuelCell Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate FuelCell Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FuelCell Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:FEY2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:FEY2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-10-31
2022-10-31
2021-10-31
2020-10-31
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as FuelCell Energy has not reported any payouts.
  • Unable to verify if FuelCell Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FuelCell Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FuelCell Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess FuelCell Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FuelCell Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FuelCell Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of FuelCell Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jason Few
COMPENSATION $935,535
AGE 52
TENURE AS CEO 0.6 years
CEO Bio

Mr. Jason B. Few has been Chief Commercial Officer of FuelCell Energy, Inc since September 12, 2019. He serves as President, Chief Executive Officer and Director of FuelCell Energy, Inc. since August 26, 2019. Mr. Few had been an Independent Director of FuelCell Energy, Inc. since November, 2018. Mr. Few has been the President of Sustayn Analytics LLC, a cloud-based software waste and recycling optimization company, since 2018. He is a Director of Marathon Oil Corporation since April 1, 2019. Mr. Few is experienced in increasing enterprise value for Global Fortune 500 and privately held technology, telecommunication, and energy firms. Mr. Few served as the Chief Executive Officer and President of Continuum Energy from January 14, 2013 to July 1, 2016. Mr. Few served as the President of Reliant Energy Retail Holdings, LLC from May 2009 to October 19, 2012. Mr. Few served as President and Chief Executive Officer from 2013 to 2016, NRG Energy, an integrated energy company. Mr. Few served as the Chief Customer Officer and Executive Vice President of NRG Energy, Inc from 2009 to 2012. He served as President of RRI Energy, Inc. (also known as Reliant Energy Inc.). Mr. Few served as President of Centerpoint Energy Inc. He served as Senior Vice President of Smart Energy at RRI Energy, Inc. since July 2008 to 2009 and served as its Senior Vice President of Mass Markets & Operations. In this role, he led Reliant Energy's initiative to launch a host of new products and services to provide customers with more control and better insight into how they use energy. From 2003 to 2008, Mr. Few served in various executive positions at Motorola, Inc. He served as Corporate Vice President of Motorola Global Retail & Seamless Mobility Mobile Devices Business at Motorola Solutions, Inc. Mr. Few also served as General Manager of Companion Products division at Motorola, Inc. He was responsible for global retail sales of Motorola's Mobile Devices and seamless mobility products and services. Prior to that, he served as a Vice President of Global Quality and Customer Advocacy Mobile Devices. He was responsible for product quality and customer advocacy relationships at Motorola's top customers across the globe. He joined Motorola as Vice President and the Chief Marketing Officer of North America at the Mobile Devices business. He worked at SBC Communications where he held the position of Vice President of Wi-Fi Implementation. Mr. Few was responsible for developing the strategy and launch plans at SBC's entry into the Wi-Fi business. Prior to this, he served as a Vice President of SBC Yahoo!, Implementation and Business Development. In this role, he was responsible for all operational aspects of the SBC Yahoo! DSL and Dial-up Internet Service(s). He also served as a Vice President of eBusiness Development and was responsible for developing plans and product strategies for revenue and value creation at SBC and its subsidiaries through joint ventures and external business partnerships. Mr. Few served as Vice President of DSL and lead SBC's charge to be the first DSL provider to achieve one million subscribers in North America. Prior to SBC, he served various senior marketing and sales positions at&T. He serves as a Member of Board of Managers of Continuum Energy. He served as a Director of Syniverse Holdings Inc. since July 26, 2007. He served as a Director of Syniverse Technologies, Inc. since July 26, 2007. Mr. Few earned an MBA from Northwestern University J.L. Kellogg Graduate School of Management and has a Bachelor Degree in Business Administration in Computer Systems from the Ohio University School of Business.

CEO Compensation
  • Insufficient data for Jason to compare compensation growth.
  • Jason's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the FuelCell Energy management team in years:

0.7
Average Tenure
48
Average Age
  • The average tenure for the FuelCell Energy management team is less than 2 years, this suggests a new team.
Management Team

Jason Few

TITLE
Chief Commercial Officer
COMPENSATION
$936K
AGE
52
TENURE
0.6 yrs

Michael Bishop

TITLE
Executive VP
COMPENSATION
$569K
AGE
51
TENURE
8.7 yrs

Michael Lisowski

TITLE
COO & Executive VP
COMPENSATION
$812K
AGE
48
TENURE
0.7 yrs

Tony Leo

TITLE
Chief Technology Officer & Executive VP
COMPENSATION
$789K
AGE
62
TENURE
0.7 yrs

Jennifer Arasimowicz

TITLE
Chief Administrative Officer
COMPENSATION
$543K
AGE
46
TENURE
0.4 yrs

Tom Gelston

TITLE
Vice President of Investor Relations
TENURE
2 yrs

Darrell Bradford

TITLE
Vice President of Human Resources
TENURE
10.4 yrs

Laura Marcero

TITLE
Chief Restructuring Officer
AGE
44
TENURE
0.7 yrs

Lee Sweigart

TITLE
Deputy Chief Restructuring Officer
AGE
43
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the FuelCell Energy board of directors in years:

1.3
Average Tenure
61.5
Average Age
  • The average tenure for the FuelCell Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Herb England

TITLE
Independent Chairman of the Board
COMPENSATION
$115K
AGE
72
TENURE
1.3 yrs

Jason Few

TITLE
Chief Commercial Officer
COMPENSATION
$936K
AGE
52
TENURE
1.3 yrs

Natica Von Althann

TITLE
Independent Director
COMPENSATION
$105K
AGE
68
TENURE
4.8 yrs

Matthew Hilzinger

TITLE
Independent Director
COMPENSATION
$115K
AGE
55
TENURE
4.6 yrs

Chris Groobey

TITLE
Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess FuelCell Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FuelCell Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications. It also provides SureSource Capture system that separates carbon dioxide from the flue gases of natural gas, biomass, or coal-fired power plants, as well as industrial facilities; and SOFC/SOEC and Energy Storage, a solution for energy storage using solid oxide technology. The company’s SureSource power plants generate electricity and usable heat. It serves various markets, such as utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, and Germany. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

Details
Name: FuelCell Energy, Inc.
FEY2
Exchange: DB
Founded: 1969
$297,350,470
210,968,852
Website: http://www.fuelcellenergy.com
Address: FuelCell Energy, Inc.
3 Great Pasture Road,
Danbury,
Connecticut, 06810,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM FCEL Common Stock Nasdaq Global Market US USD 22. Sep 1999
DB FEY2 Common Stock Deutsche Boerse AG DE EUR 22. Sep 1999
LSE 0ISJ Common Stock London Stock Exchange GB USD 22. Sep 1999
WBAG FCEL Common Stock Wiener Boerse AG AT EUR 22. Sep 1999
OTCPK FCEL.B PFD PERP CNV B Pink Sheets LLC US USD 26. Apr 2006
Number of employees
Current staff
Staff numbers
301
FuelCell Energy employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 20:51
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/16
Last earnings filing: 2020/03/16
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.