FutureFuel Corp. (FF) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-77.4%

$1.30

vs $5.74 price

Levered DCF

$0.88

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

2.82

Grey zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-2.82×	15.11×	7.15×	23.23×	12.73×	11.98×	6.13×	13×
P/B	0.9×	1.13×	0.86×	1.26×	1.16×	1.49×	1.16×	1.77×
P/S	1.46×	0.95×	0.72×	0.9×	1.04×	2.72×	2.64×	2.37×
EV / EBITDA	-2.24×	4.76×	0.98×	7.43×	7.45×	10.69×	3.87×	6.64×
Gross margin	-42.5%	8.1%	11.1%	7.3%	7.3%	15.3%	36.1%	25.2%
Operating margin	-56.7%	2.6%	7.4%	4.4%	4.0%	10.9%	31.8%	21.8%
Net margin	-51.6%	6.4%	10.2%	3.8%	8.2%	22.8%	43.0%	18.3%
Current ratio	5.67×	4.95×	7.03×	4.88×	7.3×	10.39×	5.81×	9.18×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	-354.6×	46.17×	198.32×	137.08×	98.46×	147.94×	377.51×	366.7×
Dividend yield	7.5%	51.8%	3.9%	3.0%	35.9%	25.5%	1.9%	1.5%
Payout ratio	-21.3%	773.5%	28.1%	69.0%	456.7%	304.4%	11.9%	19.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-31.9%	7.5%	12.1%	5.4%	9.1%	12.5%	18.9%	13.7%
Return on invested capital	-31.1%	2.8%	8.4%	5.8%	4.2%	5.5%	13.0%	13.0%
Return on assets	-25.7%	6.3%	10.2%	4.3%	7.6%	10.6%	15.0%	11.3%
Free cash flow yield	-32.9%	4.4%	5.7%	13.4%	12.8%	16.5%	5.1%	11.7%
Earnings yield	-35.4%	6.7%	14.0%	4.3%	7.9%	8.4%	16.3%	7.7%
Enterprise value	$88.4M	$122.1M	$47M	$180.8M	$197.4M	$357.9M	$299.2M	$475.6M
Net debt / EBITDA	1.3×	-4.27×	-4.58×	-7.2×	-5.16×	-5.9×	-3.14×	-3×
Cash conversion cycle (days)	100	51	34	17	51	118	135	52