Intrinsic value of FuelCell Energy, Inc. (FCEL)

[per Chepakovich valuation model]

other valuations of FCEL

[per Chepakovich valuation model]  See other valuations of FCEL stock

Previous Close$7.75
Intrinsic Value
Upside potential
Previous Close
$7.75

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-10-31 and quarterly data as of 2021-01-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %16.7NaN
Revenue, $71NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m110NaN
Operating income, $m-39NaN
EBITDA, $m-20NaN
Interest expense (income), $mNaN
Earnings before tax, $m-92NaN
Tax expense, $m0NaN
Net income, $m-92NaN

BALANCE SHEET

Cash and short-term investments, $m159NaN
Total assets, $m524NaN
Adjusted assets (=assets-cash), $m364NaN
Average production assets, $m63NaN
Working capital, $m175NaN
Total debt, $m172NaN
Total liabilities, $m329NaN
Total equity, $m195NaN
Debt-to-equity ratio0.884NaN
Adjusted equity ratio0.156NaN

CASH FLOW

Net income, $m-92NaN
Depreciation, amort., depletion, $m19NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m-37NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-32NaN
Free cash flow, $m-5NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m175
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN