Futurefuel (FF) AI Stock Analysis

• Market Cap: $149.37M
• Dividend Yield: 7.12%
• Average Volume (3M): 206.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• Revenue Growth: -49.82%
• EPS Growth: -195.74%
• Country: US
• Employees: 537
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): -0.21
• Shares Outstanding: 43,803,240
• 10 Day Avg. Volume: 197,632
• 30 Day Avg. Volume: 206,321
• PEG Ratio: -0.25
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.95
• P/FCF Ratio: 22.85
• Enterprise Value/Market Cap: 0.57
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: -3.44
• Enterprise Value/Ebitda: -3.41
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: $3.50 ▲(6.06% Upside)

The score is held back primarily by sharply deteriorated TTM operating results and negative cash generation, despite a strong low-debt balance sheet. Technically the stock remains in a weak downtrend. Offsetting factors include a high dividend yield and positive corporate actions (dividend affirmation and buyback extension).

Positive Factors

Board Expansion

The appointment of Pamela R. Butcher to the board is expected to enhance strategic direction and industry positioning, leveraging her extensive experience in the chemical industry.

Cash Flow Stability

Stable operating cash flow indicates strong cash generation relative to net income, providing a buffer against financial volatility and supporting ongoing operations.

Strategic Partnerships

Strategic partnerships and long-term supply agreements secure consistent revenue streams, enhancing market stability and supporting future growth.

Negative Factors

Revenue Decline

Significant revenue decline indicates challenges in maintaining market share and demand, potentially impacting long-term financial health and growth prospects.

Financial Reporting Issues

Potential financial reporting issues or restructuring raise concerns about transparency and financial stability, which could affect investor confidence and strategic planning.

Leadership Changes

The departure of the Chief Commercial Officer and role merger may disrupt operations and strategic focus, impacting growth and product innovation efforts.

Futurefuel Business Overview & Revenue Model

Company Description

FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the agricultural chemical, coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents. The Biofuels segment is involved in the production and sale of biodiesel and petrodiesel blends; and the buying, sale, and shipping of refined petroleum products on common carrier pipelines. This segment markets its biodiesel products directly to customers through trucks, rail, and barges. FutureFuel Corp. is headquartered in Saint Louis, Missouri.

How the Company Makes Money

Futurefuel generates revenue primarily through the sale of biofuels to a range of customers, including transportation companies, utility providers, and industrial manufacturers. The company capitalizes on long-term supply agreements and strategic partnerships with key players in these industries to ensure a steady demand for its products. Additionally, Futurefuel may receive government incentives and tax breaks aimed at promoting renewable energy initiatives, which can further enhance its financial performance. The company also invests in research and development to improve production efficiencies and to innovate new biofuel technologies, potentially opening new revenue streams in the future.

Futurefuel Financial Statement Overview

Summary

Overall fundamentals have weakened materially: TTM revenue fell ~17% and profitability swung to sizable losses, with negative operating and free cash flow. The main offset is a very conservative balance sheet with essentially no debt, though equity has declined and ROE is negative due to recent losses.

Income Statement

Operating performance has deteriorated sharply in TTM (Trailing-Twelve-Months): revenue fell ~17% and profitability swung to sizable losses (negative gross profit and negative operating and net margins). This is a major reversal from 2021–2024, when the company was consistently profitable (notably strong margins in 2023 and positive earnings in 2024). The key weakness is the abrupt margin compression and loss-making profile in the most recent period, which materially raises earnings volatility and near-term execution risk.

Balance Sheet

The balance sheet is a clear strength: total debt is essentially zero across periods, keeping financial risk low and providing flexibility through the cycle. However, equity has declined meaningfully versus prior years (down from 2023/2024 levels), and TTM (Trailing-Twelve-Months) return on equity is negative due to the recent loss. Overall, leverage is very conservative, but the weakening equity base and profitability downturn are the main watch items.

Cash Flow

Cash generation has weakened in TTM (Trailing-Twelve-Months), with operating cash flow turning negative and free cash flow also negative, indicating the business is currently consuming cash. While earlier years (2020–2022 in particular) showed strong cash generation and generally solid conversion, 2023–2024 were more mixed and the latest period is a clear step down. The main risk is sustained negative operating cash flow, which would pressure liquidity even with low debt.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	137.41M	243.34M	368.25M	396.01M	321.39M	204.50M
Gross Profit	-24.52M	19.64M	40.98M	28.99M	23.54M	31.31M
EBITDA	-24.77M	25.64M	47.87M	24.32M	26.51M	33.49M
Net Income	-34.59M	15.50M	37.38M	15.21M	26.25M	46.56M
Balance Sheet
Total Assets	203.49M	247.69M	367.08M	355.97M	344.33M	441.30M
Cash, Cash Equivalents and Short-Term Investments	85.56M	109.54M	219.44M	212.77M	184.71M	262.53M
Total Debt	0.00	0.00	389.00K	630.00K	644.00K	491.00K
Total Liabilities	34.37M	41.87M	57.20M	72.97M	55.40M	69.42M
Stockholders Equity	169.12M	205.82M	309.88M	283.00M	288.93M	371.88M
Cash Flow
Free Cash Flow	-36.80M	10.13M	15.28M	47.76M	42.63M	91.94M
Operating Cash Flow	-17.91M	24.80M	21.30M	52.54M	44.08M	96.40M
Investing Cash Flow	-19.04M	-14.79M	33.02M	-3.83M	14.99M	474.00K
Financing Cash Flow	-10.88M	-119.91M	-10.52M	-10.50M	-119.68M	-142.09M

Futurefuel Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FF, the sentiment is Positive. The current price of 3.3 is above the 20-day moving average (MA) of 3.27, below the 50-day MA of 3.32, and below the 200-day MA of 3.72, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 59.57 is Neutral, neither overbought nor oversold. The STOCH value of 85.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FF.

Futurefuel Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LXU	58 Neutral	$712.97M	-934.91	-0.13%	―	12.49%	95.48%
ASIX	58 Neutral	$495.37M	9.59	6.62%	3.81%	-5.05%	35.01%
TROX	57 Neutral	$906.92M	-2.80	-18.65%	8.27%	-7.81%	-334.15%
RYAM	52 Neutral	$521.97M	-1.25	-78.11%	―	-9.75%	-386.63%
FF	51 Neutral	$149.37M	―	-18.09%	7.12%	-49.82%	-195.74%
ORGN	40 Underperform	$32.11M	-0.44	-21.13%	―	-28.47%	16.83%

Futurefuel Corporate Events

FutureFuel Announces Q1 2026 Dividend and Buyback Extension

On December 10, 2025, FutureFuel Corp. announced a first quarter 2026 cash dividend of $0.06 per share, payable on March 18, 2026, to shareholders of record as of March 4, 2026. Additionally, the company extended its share repurchase program by 24 months, allowing for up to $25 million in repurchases until March 2028, reflecting a strategic move to manage market conditions and share price.

FutureFuel Appoints Roeland Polet as Chairman

On December 8, 2025, FutureFuel Corp. announced that effective December 4, 2025, its Board of Directors increased to nine members and appointed Roeland Polet, the company’s CEO since September 2024, as a Class A board member and Chairman. Polet, with extensive global business experience, replaces Donald C. Bedell, who resigned as Chairman but remains on the board. G. Bruce Greer was appointed as Lead Independent Director to support Polet. This leadership change is expected to impact FutureFuel’s strategic direction and governance.

FutureFuel Elects Directors and Ratifies Auditor

On November 11, 2025, FutureFuel Corp. held its annual stockholders’ meeting where shareholders voted to elect Donald C. Bedell and Ronald J. Kruszewski as directors, and ratified Grant Thornton LLP as the independent auditor for 2025. The election of directors and the ratification of the auditor were approved, with a significant number of shares voted in favor, indicating strong shareholder support for the company’s leadership and financial oversight.

FutureFuel Announces Q3 2025 Financial Results Date

On October 21, 2025, FutureFuel Corp. announced that it will release its third quarter 2025 financial results after market close on November 10, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial health and performance in the biofuels and specialty chemicals industry.