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FutureFuel Corp. (FF) stock analysis

FFNYSEIndustrial Organic ChemicalsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 13/3043% below fair value
$2.81−0.31 (-9.94%)

Close on Nov 11, 2026Market cap $123.26MP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value3Growth2Performance1Health4Dividend3

Mixed13 of 30 checks passed

FutureFuel passes 13 of the 30 checks behind our score; 10 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
2/6
Past performance
1/6
Financial health
4/6
Dividend
3/6

What stands out

  • Margin of safety over 20%

    The price is 43.3% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $2.81 is below our fair value estimate of $4.96.

  • No debt

    FutureFuel has no borrowings on its latest balance sheet.

  • Debt covered by cash flow

    There is no debt to cover.

What to watch

  • Return on equity under 15%

    Return on equity was -16.2% over the last twelve months and averaged 1.0% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -20.4%, below the 10% that usually covers the cost of capital.

  • Revenue growing under 10% a year

    Revenue grew -37.7% a year over the last three fiscal years, short of the 10% we look for.

  • Interest not well covered

    Operating income covers interest expense -500.7 times; we look for at least 5.

Valuation3/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B below the industry

    FutureFuel's price-to-book of 0.85 is below the Chemicals and Allied Products median of 1.51.

  • Trading below fair value

    The share price of $2.81 is below our fair value estimate of $4.96.

  • Margin of safety over 20%

    The price is 43.3% below fair value, more than the 20% cushion we look for.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew -37.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 71.2% over the last twelve months; the Chemicals and Allied Products median is 3.5%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was -5.0% over the last twelve months, against -20.7% a year earlier.

Past performance1/6

  • Return on equity under 15%

    Return on equity was -16.2% over the last twelve months and averaged 1.0% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -20.4%, below the 10% that usually covers the cost of capital.

  • Return on equity below the industry

    FutureFuel's return on equity of -16.2% is below the Chemicals and Allied Products median of -16.2%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was -10.9% over the last twelve months, against a 5-year average of -4.6%.

  • Net margin above the industry

    FutureFuel's net margin of -10.9% is above the Chemicals and Allied Products median of -13.3%.

Financial health4/6

  • No debt

    FutureFuel has no borrowings on its latest balance sheet.

  • Debt not rising

    With no debt today, leverage cannot have risen.

  • Debt covered by cash flow

    There is no debt to cover.

  • Interest not well covered

    Operating income covers interest expense -500.7 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 3.87 times current liabilities.

  • Bankruptcy risk in the grey zone

    The Altman Z-score is 2.01; above 3 is the safe zone and below 1.8 the distress zone.

Dividend3/6

  • Pays a dividend

    FutureFuel paid dividends worth 5.0% of the share price over the last twelve months.

  • Yield above Treasuries

    The 5.0% yield is above the 4.4% on a 1-year Treasury.

  • Yield in the top quarter

    The top quarter of US dividend payers yield 3.8% or more; FutureFuel yields 5.0%.

  • Dividend stability

    Fewer than five years of dividend history.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$4.96

The share price is 43% below this estimate.

20%+ below
Near fair value
20%+ above
$2.81Price$4.96Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/B1.3×1.1×1.5×$4.3350%
P/S1.0×0.9×1.2×$5.5950%
Fair value$4.96100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 11.5
  • Chemicals and Allied Products median 25.2

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$3.21M
Value traded per 1% price move
$1.16M

Downside

Medium risk

Typical loss in a bad month
23.7%
Volatility (annualized)
67%
Sharpe ratio, 1 year
-0.48
Beta to the S&P 500 (5Y)
0.83

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

-41.2%−56.5 pts over 5 years

Operating margin

-55.3%−66.3 pts over 5 years

Net margin

-51.6%−74.4 pts over 5 years

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