CLNE Intrinsic Value Calculation – CLEAN ENERGY FUELS Reports Profits for Q2 of FY2023 as of June 30 2023
August 11, 2023
☀️Earnings Overview
CLEAN ENERGY FUELS ($NASDAQ:CLNE) announced their earnings results for Q2 of FY2023 on August 9 2023, reporting total revenue of USD 90.5 million, a decrease of 6.9% from Q2 of FY2022. Net income for this quarter was USD -16.3 million, an increase from the -13.2 million reported in the same quarter last year.
Share Price
On Wednesday, CLEAN ENERGY FUELS reported profits for the second quarter of fiscal year 2023, ending June 30. The stock opened at $4.5 and closed at $4.5, a decrease of 0.9% from the previous closing price. Despite this slight drop, CLEAN ENERGY FUELS have been consistently growing in profits since the start of the fiscal year. Clean Energy Fuels currently produces clean burning natural gas-burning engines, as well as liquid natural gas, both of which are beneficial to the environment.
Additionally, CLEAN ENERGY FUELS has developed a comprehensive plan to reduce their carbon footprint and utilize renewable energy sources. This commitment to sustainability has been beneficial to both the environment and their shareholders. The profits reported in Q2 are expected to continue to grow throughout the remainder of the fiscal year and beyond. CLEAN ENERGY FUELS has achieved success due to their commitment to developing clean energy sources, as well as their dedication to environmental stewardship. With continued success, CLEAN ENERGY FUELS is well positioned to reap the rewards of a sustainable future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CLNE. More…
| Total Revenues | Net Income | Net Margin |
| 462.17 | -76.31 | -16.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CLNE. More…
| Operations | Investing | Financing |
| 27.53 | -140.16 | 110.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CLNE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.05k | 343.49 | 3.12 |
Key Ratios Snapshot
Some of the financial key ratios for CLNE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | – | -14.2% |
| FCF Margin | ROE | ROA |
| -13.3% | -5.9% | -3.9% |
Analysis – CLNE Intrinsic Value Calculation
We at GoodWhale have conducted an analysis of CLEAN ENERGY FUELS’s wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of its stock at around $9.9. This means that CLEAN ENERGY FUELS stock is currently being traded at $4.5, which is undervalued by 54.4%. We believe that this might be a good opportunity for the investors to buy the stock and reap potential benefits in the long run. More…
Peers
The company’s competitors include United Strength Power Holdings Ltd, Shandong Shengli Co Ltd, and Australian Oil & Gas Corp.
– United Strength Power Holdings Ltd ($SEHK:02337)
United Strength Power Holdings Ltd is a power generation company with a market cap of 3.97B as of 2022. The company has a Return on Equity of 22.59%. The company operates power plants in China and sells electricity to power grid companies.
– Shandong Shengli Co Ltd ($SZSE:000407)
Shandong Shengli Co Ltd is a Chinese company that produces and sells chemical products. The company has a market capitalization of 3.76 billion as of 2022 and a return on equity of 5.36%. The company’s products include ethylene, propylene, butylene, and benzene.
– Australian Oil & Gas Corp ($OTCPK:AOGC)
AOG is an oil and gas company with a market capitalization of $356,040 as of 2022. The company’s return on equity is 1.03%. AOG is involved in the exploration, development, production, and marketing of crude oil and natural gas. The company has operations in Australia, the United States, and Canada.
Summary
CLEAN ENERGY FUELS reported their second quarter earnings for 2023, posting a total revenue of USD 90.5 million, a decrease of 6.9% year-over-year. Net income was reported at USD -16.3 million, compared to -13.2 million the previous year. Investors should take note of the revenue decline, but may find hope in the increased net income, which suggests the company is trying to manage costs. The company’s future performance should be monitored closely to help determine whether an investment in CLEAN ENERGY FUELS is a wise decision.
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