FutureFuel Corp.

$5.22

-1.42%

N/A-$0.08

Basic Materials

Chemicals - Specialty

NYSE

Active Trading

Operating through its subsidiary, FutureFuel Chemical Company, FutureFuel Corp. manufactures and distributes a broad spectrum of chemical products across the United States, ...

Fundamental Analysis of FF

Key Strengths

Strong market position in specialty chemicals, particularly in the Southeastern U.S.

Integrated biofuels and chemicals production with logistics capabilities (trucks, rail, barges).

Risk Factors

Negative profitability: TTM net margin of -19.9%, operating margin of -13.6%.

Exposure to commodity price fluctuations, especially for biofuels and petrodiesel.

Profitability

Net Margin-19.94%

Operating Margin-13.56%

Valuation

P/E Ratio-7.46x

Current Ratio4.06

Efficiency

ROE-19.75%

ROA-14.21%

Fundamental Analysis of FF

FutureFuel Corp. operates a diversified business with two segments: specialty chemicals and biofuels. The company has a strong market position in specialty chemicals, particularly in the Southeastern U.S., and benefits from its integrated production capabilities and logistics network. However, recent financial performance has been weak, with negative profitability metrics across the board. For the trailing twelve months, the company reported a net loss, with a net margin of -19.9%, an operating margin of -13.6%, and negative returns on equity and assets. The balance sheet remains solid with zero debt and a current ratio of 4.06, indicating ample liquidity. The stock price has been volatile, with a 52-week range of $3.09-$6.99, and recently surged 23.4% to $6.37, possibly reflecting market optimism about future prospects. Analysts' consensus is mixed, with some highlighting the company's adaptability and market position, while others point to risks from commodity price fluctuations and regulatory uncertainty. Given the current negative earnings and overall weak financial performance, the long-term outlook is cautiously optimistic due to the company's asset base and niche market position, but immediate-term prospects are challenging. The stock may appeal to value investors seeking a turnaround, but fundamental metrics do not yet support a strong buy.

Key Strengths of FF

Strong market position in specialty chemicals, particularly in the Southeastern U.S.
Integrated biofuels and chemicals production with logistics capabilities (trucks, rail, barges).
Zero debt on balance sheet, with a high current ratio of 4.06, indicating strong liquidity.
Diversified revenue streams across chemicals and biofuels, reducing concentration risk.
Experienced management team with deep industry expertise.
Ability to adapt and redeploy assets, as noted by some analysts.
Focus on sustainability and environmental compliance, aligning with industry trends.

Risk Factors of FF

Negative profitability: TTM net margin of -19.9%, operating margin of -13.6%.
Exposure to commodity price fluctuations, especially for biofuels and petrodiesel.
Regulatory uncertainty in biofuels, including expiration of blenders tax credit and clean fuel production standards.
Competitive pressures from larger integrated players in chemicals and fuels.
Recent net loss and negative free cash flow; free cash flow yield is -18.2%.
Potential supply chain disruptions and shifts in trade policy.
Low stock liquidity may suppress valuation and increase volatility.

Market Cap vs Revenue & Earnings

Earnings

n/a

Revenue

n/a

Market cap

$228.97M

-7.5x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Last Reportedn/a

Earnings per share (EPS)n/a

Gross Margin-3.85%

Net Profit Margin-19.94%

Debt/Equity Ratio0.00

Profitability Bridge (Current vs YoY)

How gross, operating and net margins shifted versus last year.

Revenue / Net Income / FCF History (USD B)

Growth Signals of FF

Metric	Current	Previous	YoYYear-over-Year change: current quarter versus the same quarter last year.	QoQQuarter-over-Quarter change: current quarter versus the immediately previous quarter.	Signal
Revenue	—	—	—	—	Flat
Diluted EPS	—	—	—	—	Flat
Free Cash Flow	—	—	—	—	Flat

Profitability of FF

Metric	Current	Previous	YoYYear-over-Year change: current quarter versus the same quarter last year.	QoQQuarter-over-Quarter change: current quarter versus the immediately previous quarter.	Signal
Net Margin	—	14.44%	—	—	Flat
Operating Margin	—	14.29%	—	—	Flat
ROE	—	—	—	—	Flat

Financial Health of FF

Metric	Current	Previous	YoYYear-over-Year change: current quarter versus the same quarter last year.	QoQQuarter-over-Quarter change: current quarter versus the immediately previous quarter.	Signal
Current Ratio	—	4.062	—	—	Flat
Quick Ratio	—	2.641	—	—	Flat
Debt / Equity	—	0.000	—	—	Flat

Valuation of FF

Metric	Current	Previous	YoYYear-over-Year change: current quarter versus the same quarter last year.	QoQQuarter-over-Quarter change: current quarter versus the immediately previous quarter.	Signal
P/E	—	4.52x	—	—	Flat
P/B	—	1.30x	—	—	Flat

Supply Chain of FF

RELATIONS

Upstream

Archer-Daniels-Midland CompanyNYSE:ADM Bunge Global SANYSE:BGCargill IncGreen Plains IncNASDAQ:GPRE Darling Ingredients IncNYSE:DAR Tyson Foods IncNYSE:TSN Smithfield Foods IncNASDAQ:SFD Methanex CorporationNASDAQ:MEOH LyondellBasell Industries NVNYSE:LYB Eastman Chemical CompanyNYSE:EMN WH Group LtdHKEx:0288National / regional corn oil producers

Downstream

Procter & Gamble CompanyNYSE:PGUnnamed Chemical Customer #2UnconfirmedUnnamed Chemical Customer #3UnconfirmedViachem Ltd (now Barentz International North America)Fuel wholesalers and blenders (biodiesel offtake)Agrochemical industry customersDetergent and cleaning product manufacturersCoatings and adhesives manufacturersAutomotive and oil & gas chemical formulators

Proxies

FutureFuel CorpNYSE:FF Green Plains IncNASDAQ:GPRE Darling Ingredients IncNYSE:DAR Methanex CorporationNASDAQ:MEOH Procter & Gamble CompanyNYSE:PG Archer-Daniels-Midland CompanyNYSE:ADM

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Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer