企業概要
Clean Energy Fuels Corp. operates as a provider of natural gas alternative fuels specifically designed for vehicle fleets and associated fueling solutions within the United States and Canada markets. This entity functions within the broader Energy sector, more precisely categorized under the Oil & Gas Refining & Marketing industry, where it supplies renewable natural gas, compressed natural gas, and liquefied natural gas for medium and heavy-duty transportation applications. The company's operational scale is reflected in a market capitalization of 502.50M USD, an annualized revenue of 424.83M USD, and an employee base of 503 individuals. These financial metrics suggest the company holds a mid-sized position in its niche, possessing a market cap that is substantial yet indicative of a business still navigating the capital-intensive nature of the infrastructure required for alternative fuel distribution.
財務健全性
The company reported revenue of 424.83M USD for the trailing twelve months, yet this generated a net income of -222.024M USD and an EBITDA of merely 1.17M USD. The significant divergence between the reported revenue and the negative net income reveals a cost structure where operating expenses, including depreciation, interest, or other non-operating costs, heavily erode profitability before arriving at the bottom line. Despite the negative earnings, the free cash flow stands at 3.00M USD, indicating a degree of operational liquidity that suggests the business can potentially cover immediate operational outflows without relying solely on external financing. However, the balance sheet shows a debt load of 325.63M USD against a cash reserve of 156.14M USD, resulting in a debt-to-equity ratio of 57.63, which characterizes the company as highly leveraged rather than conservative. The current ratio of 2.32 indicates that the company holds sufficient current assets relative to its current liabilities to meet short-term obligations without immediate distress. Furthermore, the return on equity is -34.7% and the return on assets is -2.2%, metrics that reveal that management has not yet generated positive returns on the capital deployed or the assets owned, a common characteristic for infrastructure-heavy firms in growth or restructuring phases.
バリュエーション評価
The valuation metrics present a mixed picture, with a trailing P/E ratio listed as N/A due to the net loss, while the forward P/E is calculated at 57.25, implying that the market prices the stock based on anticipated future earnings recovery rather than current profitability. The price-to-book ratio of 0.90 indicates that the market is currently valuing the company at a discount to its book value, suggesting a lack of market premium or potential undervaluation relative to tangible assets. Additionally, the price-to-sales ratio of 1.18 and an EV/EBITDA of 579.17 provide alternative valuation lenses that highlight the high multiple investors are willing to pay for sales, even when adjusted earnings are negligible. The stock has traded within a 52-week range between a high of 3.11 USD and a low of 1.30 USD, placing the current trading price in a context where it is significantly below the recent highs but above the lows, reflecting ongoing volatility. With a beta of 2.03, the stock exhibits price volatility that is more than double that of the broader market, indicating high sensitivity to macroeconomic shifts and sector-specific risk factors.
Growth & Income
The revenue growth year-over-year stands at 2.7%, whereas the earnings growth is N/A due to the persistent net loss, implying that top-line expansion is not yet translating into bottom-line profitability. As a non-dividend payer, the company maintains a dividend yield of N/A and a payout ratio of 0.0%, meaning the entity retains all earnings to reinvest into growth initiatives rather than distributing cash to shareholders. This strategy aligns with the capital-intensive requirements of the fueling infrastructure business, where cash retention is prioritized over income generation for current investors. Overall, the company's profile is defined by modest revenue expansion coupled with a complete absence of dividend income, reflecting a growth-oriented but currently unprofitable operational stage.