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Clean Energy Fuels

DB:WIQ
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WIQ
DB
$340M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets, primarily in the United States and Canada. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
  • Clean Energy Fuels has significant price volatility in the past 3 months.
WIQ Share Price and Events
7 Day Returns
4.7%
DB:WIQ
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-43%
DB:WIQ
34.4%
DE Oil and Gas
-14.2%
DE Market
WIQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clean Energy Fuels (WIQ) 4.7% -8.2% -33.5% -43% -34.1% -75.7%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • WIQ underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • WIQ underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
WIQ
Industry
5yr Volatility vs Market

Value

 Is Clean Energy Fuels 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 Clean Energy Fuels 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 Clean Energy Fuels.

DB:WIQ 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 6%
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:WIQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (35.8%))
1.166
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.166 * 5.44%)
5.95%

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

The calculations below outline how an intrinsic value for Clean Energy Fuels 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:WIQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.95%)
2020 44.30 Analyst x2 41.81
2021 28.10 Analyst x2 25.03
2022 44.60 Analyst x1 37.50
2023 57.59 Est @ 29.13% 45.70
2024 69.27 Est @ 20.28% 51.88
2025 79.02 Est @ 14.08% 55.86
2026 86.72 Est @ 9.74% 57.86
2027 92.52 Est @ 6.7% 58.27
2028 96.75 Est @ 4.57% 57.51
2029 99.74 Est @ 3.08% 55.95
Present value of next 10 years cash flows $487.00
DB:WIQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $99.74 × (1 + -0.39%) ÷ (5.95% – -0.39%)
$1,566.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,566.92 ÷ (1 + 5.95%)10
$879.07
DB:WIQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $487.00 + $879.07
$1,366.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,366.07 / 203.70
$6.71
DB:WIQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WIQ represents 0.89714x of NasdaqGS:CLNE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89714x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.71 x 0.89714
€6.02
Value per share (EUR) From above. €6.02
Current discount Discount to share price of €1.57
= -1 x (€1.57 - €6.02) / €6.02
73.9%

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

Current Discount
Amount off the current price Clean Energy Fuels is available for.
Intrinsic value
>50%
Share price is €1.57 vs Future cash flow value of €6.02
Current Discount Checks
For Clean Energy Fuels to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Clean Energy Fuels's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Clean Energy Fuels's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Clean Energy Fuels's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clean Energy Fuels's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WIQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.10
NasdaqGS:CLNE Share Price ** NasdaqGS (2020-04-08) in USD $1.75
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of Clean Energy Fuels.

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

= NasdaqGS:CLNE Share Price ÷ EPS (both in USD)

= 1.75 ÷ 0.10

17.53x

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

  • Clean Energy Fuels is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Clean Energy Fuels is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Clean Energy Fuels's expected growth come at a high price?
Raw Data
DB:WIQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-44.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:WIQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.53x ÷ -44.6%

-0.39x

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

  • Clean Energy Fuels earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Clean Energy Fuels's assets?
Raw Data
DB:WIQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.61
NasdaqGS:CLNE Share Price * NasdaqGS (2020-04-08) in USD $1.75
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:WIQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CLNE Share Price ÷ Book Value per Share (both in USD)

= 1.75 ÷ 2.61

0.67x

* Primary Listing of Clean Energy Fuels.

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

  • Clean Energy Fuels is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Clean Energy Fuels'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Clean Energy Fuels has a total score of 3/6, 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 Clean Energy Fuels 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
-44.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clean Energy Fuels expected to grow at an attractive rate?
  • Clean Energy Fuels's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Clean Energy Fuels's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Clean Energy Fuels's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WIQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WIQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -44.6%
DB:WIQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:WIQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:WIQ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 360 73 14 1
2021-12-31 331 48 -6 3
2020-12-31 307 66 -3 3
2020-04-08
DB:WIQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 344 12 20
2019-09-30 321 14 -14
2019-06-30 324 24 -20
2019-03-31 322 32 -27
2018-12-31 346 38 -4
2018-09-30 339 28 -39
2018-06-30 344 24 -122
2018-03-31 355 -8 -128
2017-12-31 342 -4 -79
2017-09-30 354 -2 -55
2017-06-30 369 13 27
2017-03-31 396 21 46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Clean Energy Fuels's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Clean Energy Fuels's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (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:WIQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Clean Energy Fuels Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WIQ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.07 0.07 0.07 1.00
2021-12-31 -0.06 -0.01 -0.12 3.00
2020-12-31 -0.02 -0.01 -0.03 3.00
2020-04-08
DB:WIQ Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.10
2019-09-30 -0.07
2019-06-30 -0.10
2019-03-31 -0.14
2018-12-31 -0.02
2018-09-30 -0.23
2018-06-30 -0.79
2018-03-31 -0.85
2017-12-31 -0.53
2017-09-30 -0.37
2017-06-30 0.19
2017-03-31 0.35

*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 Clean Energy Fuels will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Clean Energy Fuels'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Clean Energy Fuels has a total score of 0/6, 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 Clean Energy Fuels 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 Clean Energy Fuels's growth in the last year to its industry (Oil and Gas).
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.
  • Clean Energy Fuels has delivered over 20% year on year earnings growth in the past 5 years.
  • Clean Energy Fuels has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Clean Energy Fuels has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Clean Energy Fuels'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 Clean Energy Fuels Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WIQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 344.07 20.42 73.44
2019-09-30 320.68 -13.80 74.01
2019-06-30 323.57 -20.37 74.78
2019-03-31 321.71 -26.96 76.78
2018-12-31 346.42 -3.79 77.21
2018-09-30 339.49 -39.00 81.04
2018-06-30 343.96 -122.24 87.44
2018-03-31 354.51 -128.07 90.80
2017-12-31 341.60 -79.24 95.72
2017-09-30 354.13 -54.77 100.61
2017-06-30 369.36 26.74 101.70
2017-03-31 396.37 46.08 103.66
2016-12-31 402.66 -12.15 105.50
2016-09-30 420.17 -58.28 103.37
2016-06-30 415.41 -68.78 105.28
2016-03-31 394.25 -100.27 109.02
2015-12-31 384.32 -134.24 112.24
2015-09-30 397.09 -82.90 116.73
2015-06-30 408.25 -89.87 117.17
2015-03-31 419.51 -92.21 122.58
2014-12-31 428.94 -89.66 125.84
2014-09-30 381.82 -123.31 129.69
2014-06-30 364.72 -112.05 135.41
2014-03-31 354.71 -91.69 136.87
2013-12-31 352.48 -66.97 138.02
2013-09-30 366.55 -76.39 137.47
2013-06-30 371.69 -73.87 133.76

*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.
  • Clean Energy Fuels has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Clean Energy Fuels used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Clean Energy Fuels has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Clean Energy Fuels'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 Oil and Gas 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.
Clean Energy Fuels has a total score of 2/6, 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 Clean Energy Fuels'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 Clean Energy Fuels's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clean Energy Fuels is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Clean Energy Fuels's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Clean Energy Fuels'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 covered by short term assets, assets are 3.3x 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 Clean Energy Fuels Company Filings, last reported 3 months ago.

DB:WIQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 543.03 88.89 106.14
2019-09-30 502.47 79.44 98.83
2019-06-30 508.13 80.47 107.47
2019-03-31 513.98 81.85 94.15
2018-12-31 525.01 79.72 95.49
2018-09-30 519.39 238.70 254.11
2018-06-30 530.15 239.85 252.75
2018-03-31 460.82 266.23 173.35
2017-12-31 449.66 260.09 177.54
2017-09-30 465.57 254.84 196.83
2017-06-30 554.87 254.83 201.22
2017-03-31 567.61 255.38 97.93
2016-12-31 493.69 312.38 109.84
2016-09-30 464.65 352.62 118.87
2016-06-30 413.15 488.79 181.68
2016-03-31 361.21 524.49 162.94
2015-12-31 328.95 567.15 146.67
2015-09-30 373.38 574.22 165.98
2015-06-30 401.49 575.75 181.89
2015-03-31 427.57 574.58 220.42
2014-12-31 465.04 570.67 214.93
2014-09-30 443.67 619.65 248.06
2014-06-30 467.65 626.14 276.81
2014-03-31 494.25 622.86 318.81
2013-12-31 518.54 620.42 378.27
2013-09-30 547.98 620.22 406.44
2013-06-30 558.71 368.13 148.26
  • Clean Energy Fuels's level of debt (16.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (122.8% vs 16.4% today).
  • Debt is not well covered by operating cash flow (13.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Clean Energy Fuels'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. Clean Energy Fuels has a total score of 4/6, 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 Clean Energy Fuels'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 Clean Energy Fuels dividends.
If you bought €2,000 of Clean Energy Fuels 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 Clean Energy Fuels's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Clean Energy Fuels'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:WIQ 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
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:WIQ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08

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

  • Unable to perform a dividend volatility check as Clean Energy Fuels has not reported any payouts.
  • Unable to verify if Clean Energy Fuels's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Clean Energy Fuels's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Clean Energy Fuels 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 Clean Energy Fuels's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Clean Energy Fuels afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clean Energy Fuels 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 Clean Energy Fuels'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
Andrew Littlefair
COMPENSATION $1,961,382
AGE 58
TENURE AS CEO 18.8 years
CEO Bio

Mr. Andrew J. Littlefair is a Co-Founder of Clean Energy Fuels Corp. and has been its Chief Executive Officer and President since June 2001. Mr. Littlefair served as Vice President of Public Affairs at Mesa, Inc., since January 1992. From 1987 to 1996, Mr. Littlefair served in various management positions at Mesa Inc. From August 1987 to December 1991, he served as an Assistant to the General Partner of the Partnership. From January 1984 to August 1987, he served as Staff Assistant to the President of the United States, Washington, D.C. From 1996 to 2001, Mr. Littlefair served as the President of Pickens Fuel Corp., which he co-founded in 1996. He served in the Reagan White House as a presidential aide. He served as the Chairman of the Natural Gas Vehicle Coalition, NGV America (ngvc.org) and was a Board Member and Officer of the Coalition for five years. He has been an Independent Director of Hilltop Holdings Inc. since November 30, 2012. He has been a Director at Clean Energy Fuels Corp. since June 2001. He serves as the Director at PlainsCapital Corporation since September 14, 2009. He served as Director at Westport Innovations Inc. from July 19, 2007 to June 2010. Mr. Littlefair is credited with developing a number of the early successful models instrumental in switching fleets to natural gas while simultaneously building economically viable stations. He serves on the board of Trustees of the Ronald Reagan Presidential Foundation. Mr. Littlefair holds a B.A. degree in Political Science from the University of Southern California.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andrew's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

9.3
Average Tenure
58
Average Age
  • The average tenure for the Clean Energy Fuels management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andrew Littlefair

TITLE
Co-Founder
COMPENSATION
$2M
AGE
58
TENURE
18.8 yrs

Bob Vreeland

TITLE
Chief Financial Officer
COMPENSATION
$871K
AGE
57
TENURE
5.4 yrs

Mitchell Pratt

TITLE
COO & Corporate Secretary
COMPENSATION
$1M
AGE
60
TENURE
9.3 yrs

Clay Corbus

TITLE
Senior Vice President of Strategic Development
COMPENSATION
$977K
AGE
52
TENURE
12.6 yrs

Barbara Johnson

TITLE
Vice President of Administration

Nate Jensen

TITLE
Senor VP of Corporate Transactions & Chief Legal Officer

Gary Foster

TITLE
Senior Vice President of Corporate Communications

Jim Harger

TITLE
Senior Advisor to Chief Executive Officer
COMPENSATION
$3M
AGE
60
TENURE
5.3 yrs

Raymond Burke

TITLE
Vice President of Business Development - Solid Waste

Harrison Clay

TITLE
Vice President of Renewable Fuels
Board of Directors Tenure

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

10.3
Average Tenure
65
Average Age
  • The average tenure for the Clean Energy Fuels board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Steve Scully

TITLE
Independent Chairman
COMPENSATION
$199K
AGE
59
TENURE
2.3 yrs

Andrew Littlefair

TITLE
Co-Founder
COMPENSATION
$2M
AGE
58
TENURE
18.8 yrs

John Herrington

TITLE
Independent Director
COMPENSATION
$139K
AGE
79
TENURE
14.4 yrs

James Miller

TITLE
Independent Director
COMPENSATION
$146K
AGE
76
TENURE
13.9 yrs

Kenneth Socha

TITLE
Independent Director
COMPENSATION
$136K
AGE
72
TENURE
17.3 yrs

Vincent Taormina

TITLE
Independent Director
COMPENSATION
$139K
AGE
63
TENURE
12 yrs

Jim O'Connor

TITLE
Independent Director
COMPENSATION
$136K
AGE
70
TENURE
8.6 yrs

Philippe Montantême

TITLE
Director
AGE
59
TENURE
1.6 yrs

Beth Ardisana

TITLE
Independent Director
AGE
67
TENURE
0.3 yrs

Philippe Charleux

TITLE
Director
AGE
57
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Clean Energy Fuels individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Mar 20 Buy Robert Vreeland Individual 13. Mar 20 13. Mar 20 11,000 €1.16 €12,790
18. Mar 20 Buy Kenneth Socha Individual 16. Mar 20 16. Mar 20 5,000 €1.25 €6,273
17. Mar 20 Buy Mitchell Pratt Individual 13. Mar 20 13. Mar 20 18,743 €1.09 €20,409
17. Mar 20 Buy Barclay Corbus Individual 13. Mar 20 13. Mar 20 10,000 €1.17 €11,714
17. Mar 20 Buy Lizabeth Ardisana Individual 13. Mar 20 13. Mar 20 10,000 €1.17 €11,702
17. Mar 20 Buy James Miller Individual 13. Mar 20 13. Mar 20 1,000 €1.10 €1,097
17. Mar 20 Buy Vincent Taormina Individual 13. Mar 20 13. Mar 20 100,000 €1.33 €132,726
X
Management checks
We assess Clean Energy Fuels'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. Clean Energy Fuels 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

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets, primarily in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations. It also designs, builds, operates, and maintains fueling stations; sells and services natural gas fueling compressors and other equipment that are used in CNG and LNG stations; and provides assessment, design, and modification solutions to offer operators with code-compliant service and maintenance facilities for natural gas vehicle fleets. In addition, the company transports and sells CNG and LNG through virtual natural gas pipelines and interconnects; procures and sells RNG; sells tradable credits, such as RNG and conventional natural gas as a vehicle fuel comprising Renewable Identification Numbers and Low Carbon Fuel Standards credits; enables its customers to acquire and finance natural gas vehicles; and obtains federal, state and local credits, grants, and incentives. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. As of December 31, 2019, the company served approximately 1,000 fleet customers operating approximately 48,000 natural gas vehicles; and owned, operated, or supplied approximately 550 natural gas fueling stations in 41 states in the United States and four provinces in Canada. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.

Details
Name: Clean Energy Fuels Corp.
WIQ
Exchange: DB
Founded: 2001
$312,346,419
203,696,127
Website: http://www.cleanenergyfuels.com
Address: Clean Energy Fuels Corp.
4675 MacArthur Court,
Suite 800,
Newport Beach,
California, 92660,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CLNE Common Stock Nasdaq Global Select US USD 25. May 2007
DB WIQ Common Stock Deutsche Boerse AG DE EUR 25. May 2007
LSE 0I04 Common Stock London Stock Exchange GB USD 25. May 2007
BRSE WIQ Common Stock Berne Stock Exchange CH CHF 25. May 2007
Number of employees
Current staff
Staff numbers
412
Clean Energy Fuels employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:39
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/03/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.