FutureFuel Corp
Buy, Hold or Sell?

Let's analyse FutureFuel Corp together

Penke I guess you are interested in FutureFuel Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of FutureFuel Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of FutureFuel Corp (30 sec.)

What can you expect buying and holding a share of FutureFuel Corp? (30 sec.)

How much money do you get?

$0.24

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$7.08

Expected worth in 1 year

$7.69

How sure are you?

80.5%

+ What do you gain per year?

Total Gains per Share

$0.85

Return On Investment

15.1%

For what price can you sell your share?

Current Price per Share

$5.67

Expected price per share

$5.0776050069541 - $6.968915625

How sure are you?

50%

1. Valuation of FutureFuel Corp (5 min.)

Live pricePrice per Share (EOD)

$5.67

Book Value per Share

$7.08

Intrinsic Value Per Share

$3.46 - $11.86

Total Value Per Share

$10.55 - $18.94

My calculation of the intrinsic value of FutureFuel Corp is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.29) 3Y: ($0.21) TTM: ($0.10)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($0.00) TTM: ($0.08)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.75	$1.17	$0.75 - $1.21
2	$1.38	$2.35	$0.67 - $1.25
3	$1.91	$3.54	$0.59 - $1.30
4	$2.35	$4.73	$0.51 - $1.34
5	$2.70	$5.92	$0.43 - $1.38
6	$2.98	$7.11	$0.35 - $1.42
7	$3.19	$8.30	$0.28 - $1.46
8	$3.33	$9.49	$0.20 - $1.51
9	$3.42	$10.68	$0.12 - $1.55
10	$3.46	$11.86	$0.04 - $1.59

2. Growth of FutureFuel Corp (5 min.)

Is FutureFuel Corp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$309.8m	$272.5m	$28.7m	9.5%

How much money is FutureFuel Corp making?

	Current year	Previous year	Grow	Grow %
Making money	$9.3m	$3.8m	$5.5m	59.3%
Net Profit Margin	11.2%	-1.5%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of FutureFuel Corp (5 min.)

4. Comparing to competitors in the Specialty Chemicals industry (5 min.)

Industry Rankings (Specialty Chemicals)

What can you expect buying and holding a share of FutureFuel Corp? (5 min.)

Welcome investor! FutureFuel Corp's management wants to use your money to grow the business. In return you get a share of FutureFuel Corp.

What can you expect buying and holding a share of FutureFuel Corp?

First you should know what it really means to hold a share of FutureFuel Corp. And how you can make/lose money.

Speculation

The Price per Share of FutureFuel Corp is $5.67. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of FutureFuel Corp.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in FutureFuel Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $7.08. Based on the TTM, the Book Value Change Per Share is $0.15 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.03 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.06 per quarter.

Based on historical numbers we can estimate the returns while holding a share of FutureFuel Corp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.53	9.4%	0.21	3.8%	0.09	1.5%	0.24	4.3%	0.25	4.4%
Usd Book Value Change Per Share	0.29	5.2%	0.15	2.7%	-0.03	-0.6%	-0.09	-1.6%	-0.01	-0.2%
Usd Dividend Per Share	0.06	1.1%	0.06	1.1%	0.06	1.1%	0.33	5.9%	0.26	4.5%
Usd Total Gains Per Share	0.35	6.2%	0.21	3.8%	0.03	0.5%	0.24	4.3%	0.25	4.3%
Usd Price Per Share	6.08	-	7.37	-	7.80	-	9.81	-	11.88	-
Price to Earnings Ratio	2.84	-	6.28	-	-6.03	-	8.34	-	20.87	-
Price-to-Total Gains Ratio	17.16	-	8.87	-	-134.63	-	-23.61	-	22.50	-
Price to Book Ratio	0.86	-	1.07	-	1.25	-	1.29	-	1.49	-
Price-to-Total Gains Ratio	17.16	-	8.87	-	-134.63	-	-23.61	-	22.50	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	5.67
Number of shares	176

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.06	0.33
Usd Book Value Change Per Share	0.15	-0.09
Usd Total Gains Per Share	0.21	0.24
Gains per Quarter (176 shares)	37.57	43.02
Gains per Year (176 shares)	150.29	172.06

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	42	108	140	236	-64	162
2	84	216	290	472	-127	334
3	127	324	440	707	-191	506
4	169	432	590	943	-255	678
5	211	540	740	1179	-319	850
6	253	648	890	1415	-382	1022
7	296	756	1040	1650	-446	1194
8	338	864	1190	1886	-510	1366
9	380	973	1340	2122	-573	1538
10	422	1081	1490	2358	-637	1710

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	16.0	4.0	0.0	80.0%	36.0	5.0	0.0	87.8%	64.0	6.0	0.0	91.4%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	13.0	7.0	0.0	65.0%	31.0	9.0	1.0	75.6%	54.0	14.0	2.0	77.1%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	41.0	0.0	0.0	100.0%	57.0	0.0	13.0	81.4%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	14.0	6.0	0.0	70.0%	33.0	8.0	0.0	80.5%	59.0	10.0	1.0	84.3%

Fundamentals of FutureFuel Corp

About FutureFuel Corp

https://futurefuelcorporation.com
Specialty Chemicals
515
8235 Forsyth Boulevard, Saint Louis, MO, United States, 63105
Google Maps Bing Maps

FutureFuel Corp., together with its subsidiaries, 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 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 markets its biodiesel products directly to customers through trucks, barges, and rail cars. FutureFuel Corp. is headquartered in Saint Louis, Missouri.

Fundamental data was last updated by Penke on 2024-04-13 14:03:04.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of FutureFuel Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit FutureFuel Corp earns for each $1 of revenue.

Above 10% is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
A Net Profit Margin of 25.4% means that $0.25 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of FutureFuel Corp:

The MRQ is 25.4%. The company is making a huge profit. +2
The TTM is 11.2%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	25.4%	TTM	11.2%	+14.3%
TTM	11.2%	YOY	-1.5%	+12.6%
TTM	11.2%	5Y	26.5%	-15.3%
5Y	26.5%	10Y	49.1%	-22.7%

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	25.4%	4.1%	+21.3%
TTM	11.2%	4.5%	+6.7%
YOY	-1.5%	6.6%	-8.1%
5Y	26.5%	6.3%	+20.2%
10Y	49.1%	6.0%	+43.1%

Measures how much net profit FutureFuel Corp earns for each $1 of revenue.

Revenue is the amount of profit FutureFuel Corp generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit FutureFuel Corp earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
Can be used to compare companies within the Specialty Chemicals industry.

You typically want a high profit margin. This means that for each $1 in sales, FutureFuel Corp makes more profit. This shows the investor how efficiently FutureFuel Corp is operating in general and compared to other companies in the same industry. FutureFuel Corp operates in the Specialty Chemicals industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of FutureFuel Corp. If profit margins remain low (compared to the Specialty Chemicals industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of FutureFuel Corp is 0.25. This means that FutureFuel Corp earned $0.25 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Specialty Chemicals industry is 4.1%.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare FutureFuel Corp with other companies in the same industry (Specialty Chemicals).
Net profit margin should rise over the years.
Can be influenced when FutureFuel Corp sells assets (profit will increase while costs remain the same).
It won’t show what part of FutureFuel Corp is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of FutureFuel Corp

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ FutureFuel Corp = 23,384
Total revenue MRQ FutureFuel Corp = 92,009
$23,384 / $92,009 = 0.25 or 25.4%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient FutureFuel Corp is using its assets to generate profit.

Above 5% is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
6.0% Return on Assets means that FutureFuel Corp generated $0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of FutureFuel Corp:

The MRQ is 6.0%. Using its assets, the company is efficient in making profit. +1
The TTM is 2.4%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	6.0%	TTM	2.4%	+3.6%
TTM	2.4%	YOY	1.0%	+1.4%
TTM	2.4%	5Y	2.3%	+0.1%
5Y	2.3%	10Y	2.4%	0.0%

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	6.0%	1.8%	+4.2%
TTM	2.4%	1.9%	+0.5%
YOY	1.0%	2.8%	-1.8%
5Y	2.3%	2.5%	-0.2%
10Y	2.4%	2.7%	-0.3%

Shows how efficient FutureFuel Corp is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively FutureFuel Corp is using its resources to generate profit. If the return on assets (6.0%) from FutureFuel Corp are higher than the Specialty Chemicals mean (1.8%) that means FutureFuel Corp is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of FutureFuel Corp is 6.0%. This means the company generated $0.06 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Specialty Chemicals industry is 1.8%.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example FutureFuel Corp

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from FutureFuel Corp = 23,384
Total assets MRQ (balance sheet) from FutureFuel Corp = 387,400
23,384 / 387,400 = 0.06 or 6.0%

ROA is an important ratio as it will tell you how effectively FutureFuel Corp is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient FutureFuel Corp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
7.5% Return on Equity means FutureFuel Corp generated $0.08 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of FutureFuel Corp:

The MRQ is 7.5%. Using its investors money, the company is less efficient in making profit.
The TTM is 3.0%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	7.5%	TTM	3.0%	+4.5%
TTM	3.0%	YOY	1.3%	+1.7%
TTM	3.0%	5Y	3.0%	+0.0%
5Y	3.0%	10Y	3.0%	0.0%

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	7.5%	3.5%	+4.0%
TTM	3.0%	3.7%	-0.7%
YOY	1.3%	5.4%	-4.1%
5Y	3.0%	5.0%	-2.0%
10Y	3.0%	5.0%	-2.0%

Shows how efficient FutureFuel Corp is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Specialty Chemicals industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of FutureFuel Corp is 7.5%. This means FutureFuel Corp generated $0.08 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Specialty Chemicals industry is 3.5%.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if FutureFuel Corp existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of FutureFuel Corp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) FutureFuel Corp = 23,384
Shareholders equity (balance sheet) MRQ FutureFuel Corp = 309,880
23,384 / 309,880 = 0.08 or 7.5%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of FutureFuel Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient FutureFuel Corp is operating .

Measures how much profit FutureFuel Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
An Operating Margin of 11.1% means the company generated $0.11 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of FutureFuel Corp:

The MRQ is 11.1%. The company is operating less efficient.
The TTM is 5.0%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	11.1%	TTM	5.0%	+6.0%
TTM	5.0%	YOY	0.2%	+4.8%
TTM	5.0%	5Y	19.2%	-14.2%
5Y	19.2%	10Y	150.8%	-131.6%

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	11.1%	7.5%	+3.6%
TTM	5.0%	6.2%	-1.2%
YOY	0.2%	8.6%	-8.4%
5Y	19.2%	8.4%	+10.8%
10Y	150.8%	8.4%	+142.4%

Measures how efficient FutureFuel Corp is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit FutureFuel Corp is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of FutureFuel Corp is 11.1%. This means that FutureFuel Corp earned $0.11 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Specialty Chemicals industry is 7.5%.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of FutureFuel Corp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ FutureFuel Corp = 10,176
Total revenue MRQ FutureFuel Corp = 92,009
$10,176 / $92,009 = 0.11 or 11.1%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient FutureFuel Corp is keeping operating costs low.

Below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
An Operation Ratio of 0.89 means that the operating costs are $0.89 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of FutureFuel Corp:

The MRQ is 0.889. The company is less efficient in keeping operating costs low.
The TTM is 0.944. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.889	TTM	0.944	-0.055
TTM	0.944	YOY	0.999	-0.055
TTM	0.944	5Y	1.027	-0.083
5Y	1.027	10Y	22.944	-21.917

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	0.889	1.555	-0.666
TTM	0.944	1.551	-0.607
YOY	0.999	1.434	-0.435
5Y	1.027	1.453	-0.426
10Y	22.944	1.305	+21.639

Measures how efficient FutureFuel Corp is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of FutureFuel Corp is 88.9%. This means that FutureFuel Corp earned $0.89 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Specialty Chemicals industry is 1.56.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example FutureFuel Corp

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(78,158 +3,675) \ 92,009 = 0.89

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of FutureFuel Corp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if FutureFuel Corp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Specialty Chemicals industry mean).
A Current Ratio of 7.03 means the company has $7.03 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of FutureFuel Corp:

The MRQ is 7.028. The company is very able to pay all its short-term debts. +2
The TTM is 6.727. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	7.028	TTM	6.727	+0.301
TTM	6.727	YOY	5.021	+1.706
TTM	6.727	5Y	7.017	-0.290
5Y	7.017	10Y	7.284	-0.267

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	7.028	1.831	+5.197
TTM	6.727	1.892	+4.835
YOY	5.021	1.928	+3.093
5Y	7.017	1.922	+5.095
10Y	7.284	1.827	+5.457

Measures if FutureFuel Corp is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Specialty Chemicals industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for FutureFuel Corp if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of FutureFuel Corp is 7.03. This means FutureFuel Corp has $7.03 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Specialty Chemicals industry is 1.83.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example FutureFuel Corp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
290,546 \ 41,344) = 7.03

The current ratio measures if FutureFuel Corp is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if FutureFuel Corp is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then FutureFuel Corp does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate FutureFuel Corp is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if FutureFuel Corp is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
A Quick Ratio of 6.04 means the company can pay off $6.04 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of FutureFuel Corp:

The MRQ is 6.042. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 5.596. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	6.042	TTM	5.596	+0.445
TTM	5.596	YOY	5.107	+0.490
TTM	5.596	5Y	7.065	-1.468
5Y	7.065	10Y	7.811	-0.747

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	6.042	0.809	+5.233
TTM	5.596	0.844	+4.752
YOY	5.107	0.934	+4.173
5Y	7.065	1.022	+6.043
10Y	7.811	1.031	+6.780

Measures if FutureFuel Corp is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast FutureFuel Corp can pay off its short term debts. This shows if FutureFuel Corp can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of FutureFuel Corp is 6.04. This means that FutureFuel Corp can pay off $6.04 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Chemicals industry is 0.81.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example FutureFuel Corp

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio FutureFuel Corp: (219,444 + 0 +30,347) / 41,344 = 6.04

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of FutureFuel Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of FutureFuel Corp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare FutureFuel Corp to Specialty Chemicals industry mean.
A Debt to Asset Ratio of 0.20 means that FutureFuel Corp assets are financed with 20.0% credit (debt) and the remaining percentage (100% - 20.0%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of FutureFuel Corp:

The MRQ is 0.200. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.174. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.200	TTM	0.174	+0.026
TTM	0.174	YOY	0.197	-0.023
TTM	0.174	5Y	0.194	-0.020
5Y	0.194	10Y	0.199	-0.005

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	0.200	0.422	-0.222
TTM	0.174	0.422	-0.248
YOY	0.197	0.421	-0.224
5Y	0.194	0.430	-0.236
10Y	0.199	0.438	-0.239

Measures how much % of FutureFuel Corp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake FutureFuel Corp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare FutureFuel Corp to Specialty Chemicals industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of FutureFuel Corp is 0.20. This means means that FutureFuel Corp is financed with 20.0% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Specialty Chemicals industry is 183.1%.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why FutureFuel Corp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example FutureFuel Corp

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
77,520 \ 387,400 = 20.0% or 0.20.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if FutureFuel Corp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
A Debt to Equity ratio of 25.0% means that company has $0.25 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of FutureFuel Corp:

The MRQ is 0.250. The company is very able to pay all its debts with equity. +2
The TTM is 0.212. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.250	TTM	0.212	+0.038
TTM	0.212	YOY	0.247	-0.035
TTM	0.212	5Y	0.248	-0.037
5Y	0.248	10Y	0.255	-0.006

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
MRQ	0.250	0.744	-0.494
TTM	0.212	0.747	-0.535
YOY	0.247	0.737	-0.490
5Y	0.248	0.795	-0.547
10Y	0.255	0.845	-0.590

Measures if FutureFuel Corp is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of FutureFuel Corp is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of FutureFuel Corp is 0.25. This means that FutureFuel Corp can pay off $0.25 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Chemicals industry is 0.74.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example FutureFuel Corp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
77,520 \ 309,880 = 0.25 or 25.0%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of FutureFuel Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings FutureFuel Corp generates.

Above 15 is considered overpriced but always compare FutureFuel Corp to the Specialty Chemicals industry mean.
A PE ratio of 2.84 means the investor is paying $2.84 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of FutureFuel Corp:

The EOD is 2.653. Based on the earnings, the company is cheap. +2
The MRQ is 2.845. Based on the earnings, the company is cheap. +2
The TTM is 6.279. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	2.653	MRQ	2.845	-0.192
MRQ	2.845	TTM	6.279	-3.434
TTM	6.279	YOY	-6.026	+12.304
TTM	6.279	5Y	8.339	-2.060
5Y	8.339	10Y	20.873	-12.534

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
EOD	2.653	15.361	-12.708
MRQ	2.845	15.111	-12.266
TTM	6.279	15.817	-9.538
YOY	-6.026	18.047	-24.073
5Y	8.339	19.777	-11.438
10Y	20.873	22.891	-2.018

Measures how much money you pay for each share for every $1 in earnings FutureFuel Corp generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare FutureFuel Corp to the Specialty Chemicals industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of FutureFuel Corp is 2.84. This means the investor is paying $2.84 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Chemicals industry is 15.11.
What is the trend?
The trend is important because it shows you how FutureFuel Corp is performing over time. The most recent quarter might be important if FutureFuel Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for FutureFuel Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example FutureFuel Corp

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 43,766 = EPS
PE ratio MRQ = 2.84

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of FutureFuel Corp:

The EOD is 3.031. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 3.250. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is -3.323. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	3.031	MRQ	3.250	-0.219
MRQ	3.250	TTM	-3.323	+6.574
TTM	-3.323	YOY	3.712	-7.035
TTM	-3.323	5Y	3.134	-6.458
5Y	3.134	10Y	18.218	-15.084

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
EOD	3.031	4.649	-1.618
MRQ	3.250	3.658	-0.408
TTM	-3.323	2.009	-5.332
YOY	3.712	-2.149	+5.861
5Y	3.134	3.342	-0.208
10Y	18.218	3.487	+14.731

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of FutureFuel Corp is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Specialty Chemicals industry mean).
A PB ratio of 0.86 means the investor is paying $0.86 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of FutureFuel Corp:

The EOD is 0.801. Based on the equity, the company is cheap. +2
The MRQ is 0.859. Based on the equity, the company is cheap. +2
The TTM is 1.073. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	0.801	MRQ	0.859	-0.058
MRQ	0.859	TTM	1.073	-0.215
TTM	1.073	YOY	1.255	-0.181
TTM	1.073	5Y	1.293	-0.220
5Y	1.293	10Y	1.487	-0.193

Compared to industry (Specialty Chemicals)

Period	Company	Industry (mean)	+/-
EOD	0.801	1.710	-0.909
MRQ	0.859	1.845	-0.986
TTM	1.073	1.847	-0.774
YOY	1.255	2.339	-1.084
5Y	1.293	2.344	-1.051
10Y	1.487	2.622	-1.135

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of FutureFuel Corp.

3.1. Institutions holding FutureFuel Corp

Institutions are holding 45.719% of the shares of FutureFuel Corp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Dimensional Fund Advisors, Inc.	5.751	0.0045	2516806	-127175	-4.81
2023-12-31	BlackRock Inc	5.0877	0.0004	2226538	133257	6.3659
2023-12-31	Renaissance Technologies Corp	3.9494	0.0163	1728400	280800	19.3976
2023-12-31	Vanguard Group Inc	3.0748	0.0002	1345611	3244	0.2417
2023-12-31	Millennium Management LLC	1.9321	0.0022	845564	-13226	-1.5401
2023-12-31	AQR Capital Management LLC	1.7448	0.0087	763590	22574	3.0464
2023-12-31	Penn Mutual Asset Management LLC	1.4864	3.049	650493	18799	2.976
2023-12-31	State Street Corporation	1.4079	0.0002	616158	18762	3.1406
2023-12-31	Geode Capital Management, LLC	1.2729	0.0004	557054	22284	4.167
2023-12-31	Arrowstreet Capital Limited Partnership	1.1226	0.0031	491282	63165	14.7541
2023-12-31	Royal Bank of Canada	1.089	0.0007	476587	-223418	-31.9166
2023-12-31	Bridgeway Capital Management, LLC	1.077	0.0615	471326	16320	3.5868
2023-12-31	Bank of New York Mellon Corp	1.0324	0.0006	451803	64895	16.7727
2023-12-31	Two Sigma Advisers, LLC	0.9353	0.0058	409300	241700	144.2124
2023-12-31	Two Sigma Investments LLC	0.924	0.0057	404354	209563	107.5835
2023-12-31	Commonwealth Equity Services Inc	0.7547	0.0037	330293	-2127	-0.6399
2023-12-31	Susquehanna International Group, LLP	0.6842	0.0004	299409	-10009	-3.2348
2023-09-30	Citadel Advisors Llc	0.6458	0.0004	282627	241399	585.522
2024-03-31	RK Asset Management, LLC	0.6421	1.8412	281024	-1334	-0.4724
2023-12-31	Morgan Stanley - Brokerage Accounts	0.6264	0.0002	274148	29962	12.2702
Total		35.2405	5.0052	15422367	+989435	+6.4%

3.2. Funds holding FutureFuel Corp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	1.8854	0.0003	825126	0	0
2024-03-28	iShares Russell 2000 ETF	1.6645	0.009	728459	351	0.0482
2024-02-29	DFA US Targeted Value I	0.9392	0.0189	411024	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.899	0.0023	393445	0	0
2024-02-29	DFA US Small Cap Value I	0.7294	0.0123	319195	-15916	-4.7495
2023-12-31	Bridgeway Omni Small-Cap Value N	0.6633	0.1377	290300	0	0
2023-12-31	Bridgeway Omni Small-Cap Value	0.6633	0.1375	290300	0	0
2024-02-29	DFA US Small Cap I	0.6291	0.0105	275326	-24875	-8.2861
2024-01-31	Fidelity Small Cap Index	0.592	0.006	259080	0	0
2024-03-28	iShares Russell 2000 Value ETF	0.5591	0.0157	244672	-155	-0.0633
2024-03-28	WisdomTree US SmallCap Dividend ETF	0.5465	0.0967	239162	0	0
2024-02-29	DFA US Micro Cap I	0.4586	0.0166	200677	0	0
2024-03-28	EA Bridgeway Omni Small-Cap Value ETF	0.4473	0.1281	195754	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.4347	0.0027	190253	3300	1.7651
2024-03-29	Dimensional US Targeted Value ETF	0.4269	0.015	186841	0	0
2024-03-28	Invesco FTSE RAFI US 1500 Small-Mid ETF	0.377	0.0558	164983	0	0
2023-12-31	RBC U.S. Small-Cap Core Equity Fund F	0.3511	0.5878	153651	-14070	-8.3889
2024-02-29	DFA US Core Equity 2 I	0.3331	0.0026	145763	0	0
2024-02-29	Fidelity Extended Market Index	0.3327	0.0023	145579	-705	-0.4819
2024-03-29	Avantis US Small Cap Value ETF	0.2581	0.0084	112969	0	0
Total		13.1903	1.2662	5772559	-52070	-0.9%

3.3. Insider Transactions

Insiders are holding 40.831% of the shares of FutureFuel Corp.

Date	Owner	Type	Amount	Price
2022-12-08	Donald C Bedell	SELL	9000	9
2022-05-09	St. Albans Global Management,	BUY	6650	16.27
2022-03-13	St. Albans Global Management,	BUY	84500	11.78
2022-02-25	St. Albans Global Management,	BUY	78850	12.68
2021-10-29	Donald C Bedell	BUY	5000	7.15
2021-06-18	Donald C Bedell	BUY	10000	9.66

4. Summary

4.1. Key Performance Indicators

The key performance indicators of FutureFuel Corp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.294	0.153	+92%	-0.034	+112%	-0.091	+131%	-0.010	+104%
Book Value Per Share	-	-	7.080	6.884	+3%	6.229	+14%	7.552	-6%	7.977	-11%
Current Ratio	-	-	7.028	6.727	+4%	5.021	+40%	7.017	+0%	7.284	-4%
Debt To Asset Ratio	-	-	0.200	0.174	+15%	0.197	+1%	0.194	+3%	0.199	+0%
Debt To Equity Ratio	-	-	0.250	0.212	+18%	0.247	+1%	0.248	+1%	0.255	-2%
Dividend Per Share	-	-	0.060	0.060	+0%	0.060	+0%	0.335	-82%	0.256	-77%
Eps	-	-	0.534	0.214	+150%	0.087	+515%	0.244	+119%	0.249	+114%
Free Cash Flow Per Share	-	-	0.468	0.103	+356%	0.272	+72%	0.260	+80%	0.292	+60%
Free Cash Flow To Equity Per Share	-	-	0.408	0.043	+859%	0.212	+92%	-0.075	+118%	0.036	+1045%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	0.982	+2%
Intrinsic Value_10Y_max	-	-	11.864	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	3.465	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.174	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.748	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	3.538	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	1.914	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	5.917	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	2.705	-	-	-	-	-	-	-	-
Market Cap	248137344.000	-7%	266095510.720	322549345.120	-18%	341136479.165	-22%	429473574.213	-38%	519737696.689	-49%
Net Profit Margin	-	-	0.254	0.112	+128%	-0.015	+106%	0.265	-4%	0.491	-48%
Operating Margin	-	-	0.111	0.050	+120%	0.002	+4776%	0.192	-42%	1.508	-93%
Operating Ratio	-	-	0.889	0.944	-6%	0.999	-11%	1.027	-13%	22.944	-96%
Pb Ratio	0.801	-7%	0.859	1.073	-20%	1.255	-32%	1.293	-34%	1.487	-42%
Pe Ratio	2.653	-7%	2.845	6.279	-55%	-6.026	+312%	8.339	-66%	20.873	-86%
Price Per Share	5.670	-7%	6.080	7.370	-18%	7.795	-22%	9.814	-38%	11.876	-49%
Price To Free Cash Flow Ratio	3.031	-7%	3.250	-3.323	+202%	3.712	-12%	3.134	+4%	18.218	-82%
Price To Total Gains Ratio	16.003	-7%	17.160	8.865	+94%	-134.628	+885%	-23.609	+238%	22.496	-24%
Quick Ratio	-	-	6.042	5.596	+8%	5.107	+18%	7.065	-14%	7.811	-23%
Return On Assets	-	-	0.060	0.024	+149%	0.010	+492%	0.023	+157%	0.024	+154%
Return On Equity	-	-	0.075	0.030	+150%	0.013	+492%	0.030	+154%	0.030	+150%
Total Gains Per Share	-	-	0.354	0.213	+66%	0.026	+1258%	0.244	+45%	0.245	+44%
Usd Book Value	-	-	309880000.000	301300000.000	+3%	272590000.000	+14%	330514550.000	-6%	349103292.683	-11%
Usd Book Value Change Per Share	-	-	0.294	0.153	+92%	-0.034	+112%	-0.091	+131%	-0.010	+104%
Usd Book Value Per Share	-	-	7.080	6.884	+3%	6.229	+14%	7.552	-6%	7.977	-11%
Usd Dividend Per Share	-	-	0.060	0.060	+0%	0.060	+0%	0.335	-82%	0.256	-77%
Usd Eps	-	-	0.534	0.214	+150%	0.087	+515%	0.244	+119%	0.249	+114%
Usd Free Cash Flow	-	-	20467000.000	4487250.000	+356%	11918250.000	+72%	11392800.000	+80%	12794268.293	+60%
Usd Free Cash Flow Per Share	-	-	0.468	0.103	+356%	0.272	+72%	0.260	+80%	0.292	+60%
Usd Free Cash Flow To Equity Per Share	-	-	0.408	0.043	+859%	0.212	+92%	-0.075	+118%	0.036	+1045%
Usd Market Cap	248137344.000	-7%	266095510.720	322549345.120	-18%	341136479.165	-22%	429473574.213	-38%	519737696.689	-49%
Usd Price Per Share	5.670	-7%	6.080	7.370	-18%	7.795	-22%	9.814	-38%	11.876	-49%
Usd Profit	-	-	23384000.000	9345500.000	+150%	3802750.000	+515%	10679650.000	+119%	11014292.683	+112%
Usd Revenue	-	-	92009000.000	92062500.000	0%	99003500.000	-7%	74769050.000	+23%	72101048.780	+28%
Usd Total Gains Per Share	-	-	0.354	0.213	+66%	0.026	+1258%	0.244	+45%	0.245	+44%
	EOD	+4 -4	MRQ	TTM	+28 -7	YOY	+28 -7	5Y	+21 -14	10Y	+22 -14

4.2. Fundamental Score

Let's check the fundamental score of FutureFuel Corp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	2.653
Price to Book Ratio (EOD)	Between	0-1	0.801
Net Profit Margin (MRQ)	Greater than	0	0.254
Operating Margin (MRQ)	Greater than	0	0.111
Quick Ratio (MRQ)	Greater than	1	6.042
Current Ratio (MRQ)	Greater than	1	7.028
Debt to Asset Ratio (MRQ)	Less than	1	0.200
Debt to Equity Ratio (MRQ)	Less than	1	0.250
Return on Equity (MRQ)	Greater than	0.15	0.075
Return on Assets (MRQ)	Greater than	0.05	0.060
Total			9/10 (90.0%)

Create your own Stock Scanner

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4.3. Technical Score

Let's check the technical score of FutureFuel Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	61.569
Ma 20	Greater than	Ma 50	5.660
Ma 50	Greater than	Ma 100	4.758
Ma 100	Greater than	Ma 200	4.416
Open	Greater than	Close	5.680
Total			4/5 (80.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	387,400
Total Liabilities	77,520
Total Stockholder Equity	309,880

	As reported
Total Liabilities	77,520
Total Stockholder Equity	+ 309,880
Total Assets	= 387,400

Assets

Total Assets	387,400
Total Current Assets	290,546
Long-term Assets	96,854

Total Current Assets

Total Current Assets (as reported)	290,546
Cash And Cash Equivalents	219,444
Net Receivables	30,347
Inventory	32,978
Other Current Assets	7,777
Total Current Assets (calculated)	290,546
+/-	0

Long-term Assets

Long-term Assets (as reported)	96,854
Property Plant Equipment	73,100
Long-term Assets Other	3,435
Long-term Assets (calculated)	76,535
+/-	20,319

Liabilities & Shareholders' Equity

Total Current Liabilities	41,344
Long-term Liabilities	36,176
Total Stockholder Equity	309,880

Total Current Liabilities

Total Current Liabilities (as reported)	41,344
Short-term Debt	389
Accounts payable	22,220
Other Current Liabilities	14,872
Total Current Liabilities (calculated)	37,481
+/-	3,863

Long-term Liabilities

Long-term Liabilities (as reported)	36,176
Capital Lease Obligations	389
Long-term Liabilities Other	3,287
Long-term Liabilities (calculated)	3,676
+/-	32,500

Total Stockholder Equity

Total Stockholder Equity (as reported)	309,880
Common Stock	4
Retained Earnings	27,387
Other Stockholders Equity	282,489
Total Stockholder Equity (calculated)	309,880
+/-	0

Other

Capital Stock	4
Cash and Short Term Investments	219,444
Common Stock Shares Outstanding	43,766
Current Deferred Revenue	3,863
Liabilities and Stockholders Equity	387,400
Net Debt	-219,055
Net Invested Capital	309,880
Net Working Capital	249,202
Property Plant and Equipment Gross	223,829
Short Long Term Debt Total	389

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-05-15

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

> Total Assets

0
0
203,059
0
205,349
213,887
205,349
228,227
230,076
241,493
238,126
239,840
241,922
254,102
246,007
296,294
306,676
315,200
343,156
340,780
360,539
371,734
385,244
392,657
391,219
409,713
355,237
405,328
410,547
414,298
414,447
419,609
421,603
435,973
461,488
467,453
460,741
445,771
489,109
495,202
495,538
513,034
529,043
426,997
427,589
427,589
437,571
425,563
478,031
477,411
483,205
471,155
479,655
477,669
484,266
586,505
606,878
456,846
436,783
441,304
436,422
342,420
334,701
344,330
324,383
337,386
341,338
355,969
373,278
354,459
345,836
387,400

387,400

345,836

354,459

373,278

355,969

341,338

337,386

324,383

344,330

334,701

342,420

436,422

441,304

436,783

456,846

606,878

586,505

484,266

477,669

479,655

471,155

483,205

477,411

478,031

425,563

437,571

427,589

426,997

529,043

513,034

495,538

495,202

489,109

445,771

460,741

467,453

461,488

435,973

421,603

419,609

414,447

414,298

410,547

405,328

355,237

409,713

391,219

392,657

385,244

371,734

360,539

340,780

343,156

315,200

306,676

296,294

246,007

254,102

241,922

239,840

238,126

241,493

230,076

228,227

205,349

213,887

205,349

203,059

> Total Current Assets

0
0
113,993
0
108,921
113,371
108,921
123,236
122,138
133,240
128,336
122,642
122,812
131,616
123,586
173,559
184,205
191,058
215,654
206,648
220,675
230,599
242,525
250,532
249,793
268,321
213,936
264,694
269,200
285,705
283,288
287,954
289,397
304,971
331,465
336,906
329,196
315,140
359,824
367,666
369,081
388,380
405,282
305,369
308,203
308,203
320,331
310,358
365,131
366,952
373,726
362,330
369,534
368,528
376,990
480,889
502,711
354,468
335,859
342,605
340,093
249,863
244,555
255,833
237,829
252,843
257,721
273,776
291,498
274,273
267,221
290,546

290,546

267,221

274,273

291,498

273,776

257,721

252,843

237,829

255,833

244,555

249,863

340,093

342,605

335,859

354,468

502,711

480,889

376,990

368,528

369,534

362,330

373,726

366,952

365,131

310,358

320,331

308,203

305,369

405,282

388,380

369,081

367,666

359,824

315,140

329,196

336,906

331,465

304,971

289,397

287,954

283,288

285,705

269,200

264,694

213,936

268,321

249,793

250,532

242,525

230,599

220,675

206,648

215,654

191,058

184,205

173,559

123,586

131,616

122,812

122,642

128,336

133,240

122,138

123,236

108,921

113,371

108,921

113,993

Cash And Cash Equivalents

0
0
63,129
0
62,920
54,063
62,920
34,309
1,584
27,427
27,455
57,274
56,191
73,134
65,512
104,595
115,884
103,535
91,057
79,363
94,525
102,556
89,745
88,886
112,031
114,593
58,737
62,211
87,145
97,442
86,463
101,304
84,552
88,632
124,079
160,444
142,359
176,547
154,049
148,312
173,600
182,373
199,272
94,686
111,010
111,010
113,245
114,627
135,393
199,921
199,348
214,972
206,021
222,871
235,945
243,331
248,102
187,823
180,171
198,122
193,979
97,594
116,787
137,521
120,984
129,154
171,268
175,640
145,058
166,690
205,923
219,444

219,444

205,923

166,690

145,058

175,640

171,268

129,154

120,984

137,521

116,787

97,594

193,979

198,122

180,171

187,823

248,102

243,331

235,945

222,871

206,021

214,972

199,348

199,921

135,393

114,627

113,245

111,010

94,686

199,272

182,373

173,600

148,312

154,049

176,547

142,359

160,444

124,079

88,632

84,552

101,304

86,463

97,442

87,145

62,211

58,737

114,593

112,031

88,886

89,745

102,556

94,525

79,363

91,057

103,535

115,884

104,595

65,512

73,134

56,191

57,274

27,455

27,427

1,584

34,309

62,920

54,063

62,920

63,129

Short-term Investments

0
0
0
0
0
14,831
14,831
37,103
69,333
57,519
46,411
13,238
11,837
2,800
6,811
13,055
12,519
26,756
28,200
52,014
52,756
56,270
56,294
68,194
66,937
81,807
87,768
96,352
98,566
103,917
104,271
110,270
95,308
106,246
87,720
82,381
85,943
70,887
74,667
76,203
92,064
111,009
106,146
116,835
120,728
120,728
123,588
120,699
97,179
91,564
103,102
79,888
84,459
80,560
75,583
73,620
59,644
62,095
63,476
64,404
50,173
46,238
45,164
47,190
42,751
39,426
38,753
37,126
37,681
0
0
0

37,681

37,126

38,753

39,426

42,751

47,190

45,164

46,238

50,173

64,404

63,476

62,095

59,644

73,620

75,583

80,560

84,459

79,888

103,102

91,564

97,179

120,699

123,588

120,728

116,835

106,146

111,009

92,064

76,203

74,667

70,887

85,943

82,381

87,720

106,246

95,308

110,270

104,271

103,917

98,566

96,352

87,768

81,807

66,937

68,194

56,294

56,270

52,756

52,014

28,200

26,756

12,519

13,055

6,811

2,800

11,837

13,238

46,411

57,519

69,333

37,103

14,831

Net Receivables

0
0
23,903
0
22,191
17,349
22,191
20,960
23,192
21,505
20,840
18,919
24,522
23,158
22,671
24,732
24,274
28,371
35,684
27,074
30,498
25,847
35,677
22,117
26,571
20,833
22,782
32,388
29,025
34,288
33,249
30,990
39,483
44,811
51,308
26,339
42,511
29,081
46,329
69,661
41,576
45,316
24,744
39,586
37,950
37,950
37,806
22,138
70,225
26,047
21,968
18,138
23,256
27,193
21,209
114,866
150,131
56,977
61,036
22,813
44,847
48,221
36,328
39,134
27,793
47,346
25,731
26,204
25,927
28,574
31,420
30,347

30,347

31,420

28,574

25,927

26,204

25,731

47,346

27,793

39,134

36,328

48,221

44,847

22,813

61,036

56,977

150,131

114,866

21,209

27,193

23,256

18,138

21,968

26,047

70,225

22,138

37,806

37,950

39,586

24,744

45,316

41,576

69,661

46,329

29,081

42,511

26,339

51,308

44,811

39,483

30,990

33,249

34,288

29,025

32,388

22,782

20,833

26,571

22,117

35,677

25,847

30,498

27,074

35,684

28,371

24,274

24,732

22,671

23,158

24,522

18,919

20,840

21,505

23,192

20,960

22,191

17,349

22,191

23,903

Other Current Assets

0
0
3,131
0
0
0
741
2,309
70,393
58,731
4,751
1,164
4,072
738
828
748
1,481
796
1,015
1,050
1,666
1,797
1,910
2,139
16
1,568
1,030
1,586
2,908
1,992
17,141
1,410
1,708
5,649
23,005
1,959
1,282
3,683
19,822
1,868
1,892
1,052
23,027
677
1,626
395
1,467
9,140
1,247
789
677
10,036
930
625
870
11,499
1,610
4,228
1,494
23,377
2,588
2,294
1,732
1,476
5,712
3,506
3,680
8,045
13,598
11,647
1,962
7,777

7,777

1,962

11,647

13,598

8,045

3,680

3,506

5,712

1,476

1,732

2,294

2,588

23,377

1,494

4,228

1,610

11,499

870

625

930

10,036

677

789

1,247

9,140

1,467

395

1,626

677

23,027

1,052

1,892

1,868

19,822

3,683

1,282

1,959

23,005

5,649

1,708

1,410

17,141

1,992

2,908

1,586

1,030

1,568

2,139

1,910

1,797

1,666

1,050

1,015

796

1,481

748

828

738

4,072

1,164

4,751

58,731

70,393

2,309

741

3,131

> Long-term Assets

0
0
89,066
0
0
0
96,428
104,991
107,938
108,253
109,790
117,198
119,110
122,486
122,421
122,735
122,471
124,142
127,502
134,132
139,864
141,135
142,719
142,125
141,426
141,392
141,301
140,634
141,347
128,593
131,159
131,655
132,206
131,002
130,023
130,547
131,545
130,631
129,285
127,536
126,457
124,654
123,761
121,628
119,386
119,386
117,240
115,205
112,900
110,459
109,479
108,825
110,121
109,141
107,276
105,616
104,167
102,378
100,924
98,699
96,329
92,557
90,146
88,497
86,554
84,543
83,617
82,193
81,780
80,186
78,615
96,854

96,854

78,615

80,186

81,780

82,193

83,617

84,543

86,554

88,497

90,146

92,557

96,329

98,699

100,924

102,378

104,167

105,616

107,276

109,141

110,121

108,825

109,479

110,459

112,900

115,205

117,240

119,386

121,628

123,761

124,654

126,457

127,536

129,285

130,631

131,545

130,547

130,023

131,002

132,206

131,655

131,159

128,593

141,347

140,634

141,301

141,392

141,426

142,125

142,719

141,135

139,864

134,132

127,502

124,142

122,471

122,735

122,421

122,486

119,110

117,198

109,790

108,253

107,938

104,991

96,428

89,066

Property Plant Equipment

0
0
82,626
0
89,666
93,047
89,666
97,444
100,973
104,756
106,320
114,008
115,862
119,376
119,248
119,941
119,784
121,611
125,007
131,816
137,605
138,946
140,517
139,952
139,237
139,143
138,865
138,142
138,831
126,141
128,671
128,988
129,608
128,375
127,371
127,565
126,735
125,756
124,330
122,490
121,012
119,152
118,152
116,047
113,868
113,868
111,777
109,735
107,395
105,098
104,254
103,575
102,849
102,374
100,320
98,597
96,946
95,348
93,598
91,544
89,200
86,852
84,343
82,901
81,056
79,145
78,405
76,941
76,899
75,689
74,501
73,100

73,100

74,501

75,689

76,899

76,941

78,405

79,145

81,056

82,901

84,343

86,852

89,200

91,544

93,598

95,348

96,946

98,597

100,320

102,374

102,849

103,575

104,254

105,098

107,395

109,735

111,777

113,868

116,047

118,152

119,152

121,012

122,490

124,330

125,756

126,735

127,565

127,371

128,375

129,608

128,988

128,671

126,141

138,831

138,142

138,865

139,143

139,237

139,952

140,517

138,946

137,605

131,816

125,007

121,611

119,784

119,941

119,248

119,376

115,862

114,008

106,320

104,756

100,973

97,444

89,666

93,047

89,666

82,626

Intangible Assets

0
0
548
0
491
463
491
406
378
349
321
293
264
236
208
179
151
123
94
66
38
9
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
1,408
0
0
0
0
0
0
0
0
0
0
0

1,408

123

151

179

208

236

264

293

321

349

378

406

491

463

491

548

Other Assets

0
0
0
0
0
0
0
0
0
0
0
3,190
3,248
3,110
3,173
2,794
2,687
2,531
2,495
2,316
2,259
2,189
2,202
2,173
2,189
2,249
2,436
2,492
2,516
2,452
2,488
2,667
2,598
2,627
2,652
2,982
4,810
4,875
4,955
5,046
5,445
5,502
5,609
5,581
3,857
5,518
5,463
5,470
4,097
3,953
3,817
3,842
3,919
3,542
3,860
4,054
5,813
5,622
5,918
5,747
5,721
5,705
5,803
5,596
5,498
5,398
5,212
4,143
4,881
4,497
4,114
0

4,114

4,497

4,881

4,143

5,212

5,398

5,498

5,596

5,803

5,705

5,721

5,747

5,918

5,622

5,813

4,054

3,860

3,542

3,919

3,842

3,817

3,953

4,097

5,470

5,463

5,518

3,857

5,581

5,609

5,502

5,445

5,046

4,955

4,875

4,810

2,982

2,652

2,627

2,598

2,667

2,488

2,452

2,516

2,492

2,436

2,249

2,189

2,173

2,202

2,189

2,259

2,316

2,495

2,531

2,687

2,794

3,173

3,110

3,248

3,190

> Total Liabilities

0
0
41,903
0
43,326
48,504
43,326
52,392
51,025
56,442
56,489
55,397
54,629
59,810
55,738
56,463
57,871
64,899
90,833
88,718
88,325
94,365
97,006
100,232
95,367
101,958
94,903
111,040
104,706
97,980
85,857
90,720
89,840
98,076
102,479
103,082
96,006
80,083
94,817
92,216
79,599
85,542
196,230
88,436
85,846
85,846
91,856
73,967
95,738
88,918
85,357
82,077
84,876
79,186
79,139
119,407
252,243
86,902
59,956
69,421
73,372
85,006
68,138
55,402
58,405
74,580
62,762
72,969
69,180
60,236
48,837
77,520

77,520

48,837

60,236

69,180

72,969

62,762

74,580

58,405

55,402

68,138

85,006

73,372

69,421

59,956

86,902

252,243

119,407

79,139

79,186

84,876

82,077

85,357

88,918

95,738

73,967

91,856

85,846

88,436

196,230

85,542

79,599

92,216

94,817

80,083

96,006

103,082

102,479

98,076

89,840

90,720

85,857

97,980

104,706

111,040

94,903

101,958

95,367

100,232

97,006

94,365

88,325

88,718

90,833

64,899

57,871

56,463

55,738

59,810

54,629

55,397

56,489

56,442

51,025

52,392

43,326

48,504

43,326

41,903

> Total Current Liabilities

0
0
21,163
0
17,112
21,633
17,112
25,929
21,305
23,667
22,112
20,829
19,415
24,870
20,896
20,311
19,045
23,041
44,159
35,750
28,291
32,193
35,799
39,894
34,181
41,553
36,234
53,389
47,807
54,735
40,396
45,463
44,218
50,746
52,087
52,563
46,315
32,847
48,553
44,724
33,595
41,295
144,049
37,965
35,745
35,745
42,206
35,281
58,817
53,487
52,139
39,491
41,181
35,664
39,688
82,763
213,695
48,636
23,500
32,988
43,027
60,377
48,204
35,056
41,377
60,816
48,630
56,098
53,581
44,788
32,133
41,344

41,344

32,133

44,788

53,581

56,098

48,630

60,816

41,377

35,056

48,204

60,377

43,027

32,988

23,500

48,636

213,695

82,763

39,688

35,664

41,181

39,491

52,139

53,487

58,817

35,281

42,206

35,745

37,965

144,049

41,295

33,595

44,724

48,553

32,847

46,315

52,563

52,087

50,746

44,218

45,463

40,396

54,735

47,807

53,389

36,234

41,553

34,181

39,894

35,799

32,193

28,291

35,750

44,159

23,041

19,045

20,311

20,896

24,870

19,415

20,829

22,112

23,667

21,305

25,929

17,112

21,633

17,112

21,163

Short-term Debt

0
0
0
0
0
0
8,753
0
1,261
743
0
-2,179
-1,253
1,619
-9,348
0
0
0
8,010
8,696
0
13,563
0
0
0
0
11,118
19,107
17,614
18,137
-6,869
14,609
16,918
18,480
-1,940
12,508
10,577
10,709
-2,680
8,459
9,724
10,344
105,158
11,495
0
8,757
6,318
7,762
14,957
11,879
10,001
5,917
520
525
531
537
484
392
541
491
495
634
639
644
575
492
400
630
571
498
433
389

389

433

498

571

630

400

492

575

644

639

634

495

491

541

392

484

537

531

525

520

5,917

10,001

11,879

14,957

7,762

6,318

8,757

11,495

105,158

10,344

9,724

8,459

-2,680

10,709

10,577

12,508

-1,940

18,480

16,918

14,609

-6,869

18,137

17,614

19,107

11,118

13,563

8,696

8,010

-9,348

1,619

-1,253

-2,179

743

1,261

8,753

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
520
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

520

Accounts payable

0
0
13,057
0
0
0
14,747
15,328
12,638
14,680
13,754
11,260
9,249
12,181
14,825
10,987
10,260
12,623
15,096
22,964
14,260
15,505
18,665
21,441
17,930
16,109
16,476
25,667
21,491
28,415
15,784
21,450
18,843
29,273
33,298
34,148
32,402
18,691
34,686
31,518
18,322
25,052
24,053
19,006
24,678
19,428
28,258
19,579
37,617
35,493
34,546
21,670
24,553
21,146
26,604
62,554
63,896
32,978
10,393
13,437
9,688
43,631
33,603
21,933
21,070
41,161
31,314
35,455
35,943
29,246
20,055
22,220

22,220

20,055

29,246

35,943

35,455

31,314

41,161

21,070

21,933

33,603

43,631

9,688

13,437

10,393

32,978

63,896

62,554

26,604

21,146

24,553

21,670

34,546

35,493

37,617

19,579

28,258

19,428

24,678

19,006

24,053

25,052

18,322

31,518

34,686

18,691

32,402

34,148

33,298

29,273

18,843

21,450

15,784

28,415

21,491

25,667

16,476

16,109

17,930

21,441

18,665

15,505

14,260

22,964

15,096

12,623

10,260

10,987

14,825

12,181

9,249

11,260

13,754

14,680

12,638

15,328

14,747

13,057

Other Current Liabilities

0
0
8,106
0
0
0
2,365
10,601
657
-788
8,358
1,889
1,760
1,654
6,071
8,248
7,737
9,324
19,295
2,579
12,305
1,355
13,576
14,895
12,481
19,409
2,569
2,521
2,521
1,468
24,612
1,151
1,151
1,151
18,789
1,151
1,151
1,151
13,867
1,472
1,406
1,428
9,308
1,401
11,067
1,499
1,530
5,204
385
423
478
7,323
11,484
8,735
7,321
14,435
145,222
11,839
8,970
15,084
27,898
10,722
7,697
6,328
13,356
11,072
9,222
16,241
13,403
11,442
8,157
14,872

14,872

8,157

11,442

13,403

16,241

9,222

11,072

13,356

6,328

7,697

10,722

27,898

15,084

8,970

11,839

145,222

14,435

7,321

8,735

11,484

7,323

478

423

385

5,204

1,530

1,499

11,067

1,401

9,308

1,428

1,406

1,472

13,867

1,151

18,789

1,151

24,612

1,468

2,521

2,569

19,409

12,481

14,895

13,576

1,355

12,305

2,579

19,295

9,324

7,737

8,248

6,071

1,654

1,760

1,889

8,358

-788

657

10,601

2,365

8,106

> Long-term Liabilities

0
0
20,740
0
0
0
26,214
26,463
29,720
32,775
34,377
34,568
35,214
34,940
34,842
36,152
38,826
41,858
46,674
52,968
60,034
62,172
61,207
60,338
61,186
60,405
58,669
57,651
56,899
43,245
45,461
45,257
45,622
47,330
50,392
50,519
49,691
47,236
46,264
47,492
46,004
44,247
52,181
50,471
50,101
50,101
49,650
38,686
36,921
35,431
33,218
42,586
43,695
43,522
39,451
36,644
38,548
38,266
36,456
36,433
30,345
24,629
19,934
20,346
17,028
13,764
14,132
16,871
15,599
15,448
16,704
36,176

36,176

16,704

15,448

15,599

16,871

14,132

13,764

17,028

20,346

19,934

24,629

30,345

36,433

36,456

38,266

38,548

36,644

39,451

43,522

43,695

42,586

33,218

35,431

36,921

38,686

49,650

50,101

50,471

52,181

44,247

46,004

47,492

46,264

47,236

49,691

50,519

50,392

47,330

45,622

45,257

45,461

43,245

56,899

57,651

58,669

60,405

61,186

60,338

61,207

62,172

60,034

52,968

46,674

41,858

38,826

36,152

34,842

34,940

35,214

34,568

34,377

32,775

29,720

26,463

26,214

20,740

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
11,189
11,004
10,777
10,724
11,976
14,781
16,398
20,310
26,374
33,089
33,518
32,701
31,816
32,601
31,669
28,632
27,930
27,089
13,875
16,212
16,832
17,222
18,529
19,951
20,025
19,774
18,172
17,127
19,267
18,214
19,851
20,117
19,157
0
17,663
16,398
17,637
36,921
35,431
33,218
42,586
42,270
42,230
38,294
35,624
38,548
38,266
36,456
35,613
30,345
24,629
19,934
20,346
17,028
13,764
14,132
16,482
0
15,448
16,704
0

16,704

15,448

16,482

14,132

13,764

17,028

20,346

19,934

24,629

30,345

35,613

36,456

38,266

38,548

35,624

38,294

42,230

42,270

42,586

33,218

35,431

36,921

17,637

16,398

17,663

19,157

20,117

19,851

18,214

19,267

17,127

18,172

19,774

20,025

19,951

18,529

17,222

16,832

16,212

13,875

27,089

27,930

28,632

31,669

32,601

31,816

32,701

33,518

33,089

26,374

20,310

16,398

14,781

11,976

10,724

10,777

11,004

11,189

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
56,657
58,778
57,762
56,887
57,729
56,942
57,721
56,697
55,939
42,279
42,771
42,561
42,919
44,621
46,368
46,473
46,329
45,623
45,025
18,033
45,168
41,248
325
46,727
46,727
46,727
46,254
180
144
17,160
17,430
18,026
0
17,640
17,813
12,965
12,859
13,620
11,969
12,332
0
0
128
1,870
1,138
167
1,569
0
0
0
0
0

1,569

167

1,138

1,870

128

12,332

11,969

13,620

12,859

12,965

17,813

17,640

18,026

17,430

17,160

144

180

46,254

46,727

325

41,248

45,168

18,033

45,025

45,623

46,329

46,473

46,368

44,621

42,919

42,561

42,771

42,279

55,939

56,697

57,721

56,942

57,729

56,887

57,762

58,778

56,657

> Total Stockholder Equity

0
0
161,156
0
0
0
162,023
175,835
179,051
185,051
181,637
184,443
187,293
194,292
190,269
239,831
248,805
250,301
252,323
252,062
272,214
277,369
288,238
292,425
295,852
307,755
260,334
294,288
305,841
316,318
328,590
328,889
331,763
337,897
359,009
364,371
364,735
365,688
394,292
402,986
415,939
427,492
332,813
338,561
341,743
341,743
345,715
351,596
382,293
388,493
397,848
389,078
394,779
398,483
405,127
467,098
354,635
369,944
376,827
371,883
363,050
257,414
266,563
288,928
265,978
262,806
278,576
283,000
304,098
294,223
296,999
309,880

309,880

296,999

294,223

304,098

283,000

278,576

262,806

265,978

288,928

266,563

257,414

363,050

371,883

376,827

369,944

354,635

467,098

405,127

398,483

394,779

389,078

397,848

388,493

382,293

351,596

345,715

341,743

338,561

332,813

427,492

415,939

402,986

394,292

365,688

364,735

364,371

359,009

337,897

331,763

328,889

328,590

316,318

305,841

294,288

260,334

307,755

295,852

292,425

288,238

277,369

272,214

252,062

252,323

250,301

248,805

239,831

190,269

194,292

187,293

184,443

181,637

185,051

179,051

175,835

162,023

161,156

Common Stock

0
0
3
0
0
0
3
3
3
3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,828
26,433
32,926
35,907
40,248
48,665
692
9,975
23,364
33,894
44,822
45,895
46,009
52,213
77,094
82,602
83,771
85,998
113,002
120,968
132,569
142,814
48,182
51,578
52,412
52,412
55,746
61,195
96,371
106,166
115,611
106,949
112,448
116,135
122,757
184,632
72,433
87,592
94,482
89,456
80,683
-25,244
-16,042
6,303
-16,598
-19,702
-3,922
508
21,589
11,730
0
0

11,730

21,589

508

-3,922

-19,702

-16,598

6,303

-16,042

-25,244

80,683

89,456

94,482

87,592

72,433

184,632

122,757

116,135

112,448

106,949

115,611

106,166

96,371

61,195

55,746

52,412

51,578

48,182

142,814

132,569

120,968

113,002

85,998

83,771

82,602

77,094

52,213

46,009

45,895

44,822

33,894

23,364

9,975

692

48,665

40,248

35,907

32,926

26,433

17,828

Accumulated Other Comprehensive Income

0
0
0
0
0
0
17
111
87
0
15
0
0
0
38
164
98
663
525
1,512
959
-2,491
1,803
2,929
1,756
5,179
2,597
7,976
6,140
6,047
7,436
6,672
9,183
8,488
4,259
3,658
2,376
1,094
2,055
2,495
3,372
4,254
3,540
5,415
7,499
7,499
8,152
8,433
3,847
145
124
-20
182
199
200
296
-17
133
126
208
148
208
155
178
129
61
5
-1
16
0
0
0

-1

129

178

155

208

148

208

126

133

-17

296

200

199

182

-20

124

145

3,847

8,433

8,152

7,499

5,415

3,540

4,254

3,372

2,495

2,055

1,094

2,376

3,658

4,259

8,488

9,183

6,672

7,436

6,047

6,140

7,976

2,597

5,179

1,756

2,929

1,803

-2,491

959

1,512

525

663

164

111

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
253,423
253,423
253,505
253,585
253,844
253,907
257,041
276,333
276,333
276,373
276,328
276,318
276,567
277,192
277,652
278,107
278,584
278,592
279,231
279,519
279,994
280,420
281,087
281,564
281,828
281,828
281,813
281,964
282,071
282,178
282,109
282,145
282,145
282,145
282,166
282,166
282,215
282,215
282,215
282,215
282,215
282,446
282,446
282,443
282,443
282,443
282,489
282,489
282,489
282,489
282,489
0

282,489

282,443

282,446

282,215

282,166

282,145

282,109

282,178

282,071

281,964

281,813

281,828

281,564

281,087

280,420

279,994

279,519

279,231

278,592

278,584

278,107

277,652

277,192

276,567

276,318

276,328

276,373

276,333

257,041

253,907

253,844

253,585

253,505

253,423

Treasury Stock

Other Stockholders Equity

0
0
158,436
0
0
0
158,436
158,436
158,763
159,461
167,524
167,524
167,524
167,139
167,598
213,375
234,713
237,088
237,123
237,158
253,423
253,423
253,505
253,585
253,844
253,907
257,041
276,333
276,333
276,373
276,328
276,318
276,567
277,192
277,652
278,107
278,584
278,592
279,231
279,519
279,994
280,420
281,087
281,564
7,499
281,828
281,813
281,964
282,071
282,178
282,109
282,145
282,145
282,145
282,166
282,166
282,215
282,215
282,215
282,215
282,215
282,446
282,446
282,443
282,443
282,443
282,489
282,489
282,489
282,489
282,489
282,489

282,489

282,443

282,446

282,215

282,166

282,145

282,109

282,178

282,071

281,964

281,813

281,828

7,499

281,564

281,087

280,420

279,994

279,519

279,231

278,592

278,584

278,107

277,652

277,192

276,567

276,318

276,328

276,373

276,333

257,041

253,907

253,844

253,585

253,505

253,423

237,158

237,123

237,088

234,713

213,375

167,598

167,139

167,524

159,461

158,763

158,436

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Accounts Payable	22,220	35,455	21,933	13,437	62,554	21,670	19,579	24,053	34,686	33,298	15,784	16,476	18,665	15,096	14,825	13,754	12,743	13,057
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	0	-1	178	208	296	-20	8,433	3,540	2,055	4,259	7,436	2,597	1,803	525	38	15	58	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	389	630	644	491	537	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	4	4	4	4	4	4	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	282,489	282,443	282,215	282,166	282,145	281,964	281,087	279,231	277,652	276,328	257,041	253,505	0	0	0	0	0
Cash	219,444	175,640	137,521	198,122	243,331	214,972	114,627	199,272	154,049	124,079	86,463	58,737	89,745	91,057	65,512	27,455	54,655	63,129
Cash And Equivalents	0	175,640	137,521	198,122	243,331	214,972	114,627	199,272	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	219,444	212,766	184,711	262,526	316,951	294,860	235,326	305,418	228,716	211,799	190,734	146,505	146,039	119,257	72,323	73,866	69,741	63,129
Common Stock	4	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	3	3
Common Stock Shares Outstanding	43,765	43,763	43,756	43,744	43,745	43,731	43,548	43,548	43,446	43,392	43,277	41,508	40,887	37,188	29,254	27,550	32,287	31,819
Common Stock Total Equity	0	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	3	3
Current Deferred Revenue	3,863	3,772	6,151	3,976	5,237	4,581	2,736	5,530	2,680	1,940	6,869	6,071	3,558	1,758	9,348	9,994	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	1,870	12,332	12,965	18,026	180	325	45,025	46,368	42,771	57,721	57,762	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	1,408	1,408	1,408	1,408	1,408	1,408	0	0	0	0	94	208	321	435	548
Inventory	32,978	26,761	26,920	33,889	37,573	39,296	43,754	52,093	64,957	45,353	42,164	41,992	57,439	37,372	26,444	27,585	24,192	22,582
Liabilities And Stockholders Equity	387,400	355,969	344,330	441,304	586,505	471,155	425,563	529,043	489,109	461,488	414,447	355,237	385,244	343,156	246,007	238,126	216,113	203,059
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-219,055	-175,010	-136,877	-197,631	-242,794	-214,972	-114,627	-199,272	-154,049	-124,079	-86,463	-58,737	-89,745	-91,057	-65,512	-27,455	-54,655	-63,129
Net Invested Capital	309,880	283,000	288,928	371,883	467,098	389,078	351,596	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	30,347	26,204	39,134	22,813	114,866	18,138	22,138	24,744	46,329	51,308	33,249	22,782	35,677	35,684	22,671	20,840	17,514	23,903
Net Tangible Assets	0	283,000	288,928	370,475	465,690	389,078	350,188	332,813	392,904	359,009	328,590	260,334	288,238	0	0	0	0	0
Net Working Capital	249,202	217,678	220,777	309,617	398,126	322,839	275,077	261,233	311,271	279,378	242,892	177,702	206,726	171,495	102,690	106,224	91,050	92,830
Non Current Assets Total	96,854	82,193	88,497	98,699	105,616	108,825	115,205	123,761	129,285	130,023	131,159	141,301	142,719	127,502	122,421	109,790	102,925	89,066
Non Current Liabilities Other	3,287	16,871	18,476	2,240	23,679	24,560	38,686	52,181	1,219	4,024	2,690	948	3,445	0	0	0	0	0
Non Current Liabilities Total	36,176	16,871	20,346	36,433	36,644	42,586	38,686	52,181	46,264	50,392	45,461	58,669	61,207	46,674	34,842	34,377	24,353	20,740
Non Currrent Assets Other	3,435	-15,412	3,726	5,747	5,611	5,250	5,470	5,609	4,955	-8,351	-6,299	2,436	2,202	2,401	2,965	3,149	7,454	5,892
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	4,143	5,596	5,747	4,054	3,842	4,062	4,201	3,547	2,652	2,488	2,436	2,202	2,401	2,965	0	0	0
Other Current Assets	7,777	8,045	1,476	23,377	11,499	10,036	9,140	23,027	19,822	23,005	17,141	1,030	1,910	1,015	828	4,751	541	3,131
Other Current Liab	14,872	16,241	6,328	15,084	14,435	7,323	5,204	9,308	13,867	18,789	24,612	2,569	13,576	19,295	6,071	1,936	9,395	8,106
Other Liab	0	16,482	20,346	35,613	35,624	42,586	38,686	52,181	46,244	19,951	16,212	28,632	32,701	20,310	10,724	0	0	0
Other Stockholder Equity	282,489	282,489	282,443	282,215	282,166	282,145	281,964	281,087	279,231	277,652	276,328	257,041	253,505	237,123	167,598	167,524	158,436	158,436
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	223,829	217,919	82,901	91,544	98,597	103,575	109,735	118,152	124,330	127,371	128,671	138,865	140,517	125,007	119,248	106,320	95,036	82,626
Property Plant And Equipment Net	73,100	76,941	82,901	91,544	98,597	103,575	109,735	118,152	124,330	127,371	128,671	138,865	140,517	125,007	119,248	106,320	95,036	82,626
Property Plant Equipment	0	76,941	82,901	92,855	98,597	103,575	109,735	118,152	124,330	127,371	128,671	138,865	140,517	125,007	119,248	0	0	0
Retained Earnings	27,387	508	6,303	89,456	184,632	106,949	61,195	48,182	113,002	77,094	44,822	692	32,926	14,671	22,630	14,095	11,125	2,717
Retained Earnings Total Equity	0	508	6,303	89,456	184,632	106,949	61,195	48,182	113,002	77,094	44,822	692	32,926	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	389	630	644	491	537	16,294	21,973	24,359	0	0	0	0	0	19,295	0	46,411	15,086	0
Short Term Debt	389	630	644	491	537	5,917	7,762	105,158	-2,680	-1,940	-6,869	11,118	0	8,010	-9,348	-3,572	0	0
Short Term Investments	0	37,126	47,190	64,404	73,620	79,888	120,699	106,146	74,667	87,720	104,271	87,768	56,294	28,200	6,811	46,411	15,086	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	387,400	355,969	344,330	441,304	586,505	471,155	425,563	529,043	489,109	461,488	414,447	355,237	385,244	343,156	246,007	238,126	216,113	203,059
Total Current Assets	290,546	273,776	255,833	342,605	480,889	362,330	310,358	405,282	359,824	331,465	283,288	213,936	242,525	215,654	123,586	128,336	113,188	113,993
Total Current Liabilities	41,344	56,098	35,056	32,988	82,763	39,491	35,281	144,049	48,553	52,087	40,396	36,234	35,799	44,159	20,896	22,112	22,138	21,163
Total Liab	77,520	72,969	55,402	69,421	119,407	82,077	73,967	196,230	94,817	102,479	85,857	94,903	97,006	90,833	55,738	56,489	46,491	41,903
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	309,880	283,000	288,928	371,883	467,098	389,078	351,596	332,813	394,292	359,009	328,590	260,334	288,238	252,323	190,269	181,637	169,622	161,156
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-05-15	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30
Accounts Payable	22,220	20,055	29,246	35,943	35,455	31,314	41,161	21,070	21,933	33,603	43,631	9,688	13,437	10,393	32,978	63,896	62,554	26,604	21,146	24,553	21,670	34,546	35,493	37,617	19,579	28,258	19,428	24,678	19,006	24,053	25,052	18,322	31,518	34,686	18,691	32,402	34,148	33,298	29,273	18,843	21,450	15,784	28,415	21,491	25,667	16,476	16,109	17,930	21,441	18,665	15,505	14,260	22,964	15,096	12,623	10,260	10,987	14,825	12,181	9,249	11,260	13,754	14,680	12,638	15,328	14,747	0	0	0	13,057	0	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Other Comprehensive Income	0	0	0	16	-1	5	61	129	178	155	208	148	208	126	133	-17	296	200	199	182	-20	124	145	3,847	8,433	8,152	7,499	7,499	5,415	3,540	4,254	3,372	2,495	2,055	1,094	2,376	3,658	4,259	8,488	9,183	6,672	7,436	6,047	6,140	7,976	2,597	5,179	1,756	2,929	1,803	-2,491	959	1,512	525	663	98	164	38	0	0	0	15	0	87	111	17	0	0	0	0	0	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Lease Obligations	389	433	498	571	630	400	492	575	644	639	634	495	491	541	392	484	537	531	525	520	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	4	4	4	4	4	4	4	4	4	4	4	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	282,489	282,489	282,489	282,489	282,489	282,443	282,443	282,443	282,446	282,446	282,215	282,215	282,215	282,215	282,215	282,166	282,166	282,145	282,145	282,145	282,109	282,178	282,071	281,964	281,813	281,828	281,828	281,564	281,087	280,420	279,994	279,519	279,231	278,592	278,584	278,107	277,652	277,192	276,567	276,318	276,328	276,373	276,333	276,333	257,041	253,907	253,844	253,585	253,505	253,423	253,423	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash	219,444	205,923	166,690	145,058	175,640	171,268	129,154	120,984	137,521	116,787	97,594	193,979	198,122	180,171	187,823	248,102	243,331	235,945	222,871	206,021	214,972	199,348	199,921	135,393	114,627	113,245	111,010	111,010	94,686	199,272	182,373	173,600	148,312	154,049	176,547	142,359	160,444	124,079	88,632	84,552	101,304	86,463	97,442	87,145	62,211	58,737	114,593	112,031	88,886	89,745	102,556	94,525	79,363	91,057	103,535	115,884	104,595	65,512	73,134	56,191	57,274	27,455	27,427	1,584	34,309	62,920	54,063	62,920	0	63,129	0	-
Cash And Equivalents	0	205,923	166,690	145,058	175,640	171,268	129,154	120,984	137,521	116,787	97,594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	219,444	205,923	166,690	182,739	212,766	210,021	168,580	163,735	184,711	161,951	143,832	244,152	262,526	243,647	249,918	307,746	316,951	311,528	303,431	290,480	294,860	302,450	291,485	232,572	235,326	236,833	231,738	231,738	211,521	305,418	293,382	265,664	224,515	228,716	247,434	228,302	242,825	211,799	194,878	179,860	211,574	190,734	201,359	185,711	158,563	146,505	196,400	178,968	157,080	146,039	158,826	147,281	131,377	119,257	130,291	128,403	117,650	72,323	75,934	68,028	70,512	73,866	27,427	1,584	71,412	62,920	0	0	0	63,129	0	-
Common Stock	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	3	3	3	3	3	3	3	3	0	0	0	3	0	-
Common Stock Shares Outstanding	43,766	43,766	43,763	43,767	43,764	43,763	43,763	43,763	43,763	43,763	43,754	43,743	43,744	43,745	43,744	43,743	43,743	43,743	43,743	43,749	43,728	43,733	43,721	43,722	43,728	43,715	43,676	0	43,623	43,600	43,573	43,529	43,487	43,509	43,461	43,429	43,382	43,381	43,387	43,550	43,394	43,396	43,394	43,362	42,950	41,508	41,471	41,463	41,493	40,887	41,478	40,438	40,131	37,188	40,028	37,523	30,958	29,254	29,191	28,200	28,197	27,550	28,822	26,735	26,700	32,045	32,286	32,045	26,700	31,819	31,079	32,045
Common Stock Total Equity	0	0	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	3	3	3	3	3	3	3	3	3	3	0	3	0	-
Current Deferred Revenue	3,863	3,488	3,602	3,664	3,772	7,694	8,091	6,376	6,151	6,265	5,390	4,946	3,976	3,596	3,427	4,093	5,237	5,232	5,258	4,624	4,581	7,114	5,692	5,858	2,736	6,100	6,061	0	6,063	5,530	4,471	4,143	3,275	2,680	2,296	2,185	4,756	1,940	1,842	7,306	8,253	6,869	6,715	6,181	6,094	6,071	6,035	3,770	3,558	3,558	1,770	1,726	1,511	1,758	1,094	1,048	1,076	9,348	9,416	9,659	9,859	0	9,032	6,749	0	1,571	0	0	0	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	0	0	0	0	1,569	167	1,138	1,870	128	0	0	12,332	11,969	13,620	12,859	12,965	17,813	17,640	0	18,026	17,430	17,160	144	180	46,254	46,727	46,727	46,727	325	41,248	45,168	18,033	45,025	45,623	46,329	46,473	46,368	44,621	42,919	42,561	42,771	42,279	55,939	56,697	57,721	56,942	57,729	56,887	57,762	58,778	56,657	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	1,408	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9	38	66	94	123	151	179	208	236	264	293	321	349	378	406	491	463	491	0	548	0	-
Inventory	32,978	26,910	67,362	69,234	26,761	17,400	31,584	37,620	26,920	43,694	53,514	45,278	33,889	29,087	42,183	41,451	37,573	42,789	36,116	53,329	39,296	48,005	47,521	59,525	43,754	43,523	36,889	36,889	51,875	52,093	47,948	58,717	69,907	64,957	34,372	55,988	64,440	45,353	59,184	67,341	42,483	42,164	47,692	50,626	70,702	41,992	49,078	43,357	67,952	57,439	43,716	40,376	41,199	37,372	31,298	29,287	29,181	26,444	31,345	25,339	30,836	27,585	25,242	26,302	28,555	21,707	25,566	21,707	0	22,582	0	-
Liabilities And Stockholders Equity	387,400	345,836	354,459	373,278	355,969	341,338	337,386	324,383	344,330	334,701	342,420	436,422	441,304	436,783	456,846	606,878	586,505	484,266	477,669	479,655	471,155	483,205	477,411	478,031	425,563	437,571	427,589	427,589	426,997	529,043	513,034	495,538	495,202	489,109	445,771	460,741	467,453	461,488	435,973	421,603	419,609	414,447	414,298	410,547	405,328	355,237	409,713	391,219	392,657	385,244	371,734	360,539	340,780	343,156	315,200	306,676	296,294	246,007	254,102	241,922	239,840	238,126	241,493	230,076	228,227	205,349	213,887	205,349	0	203,059	0	-
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,425	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Debt	-219,055	-205,490	-166,192	-144,487	-175,010	-170,868	-128,662	-120,409	-136,877	-116,148	-96,960	-193,484	-197,631	-179,630	-187,431	-247,618	-242,794	-235,414	-222,346	-205,501	-214,972	-199,348	-199,921	-135,393	-114,627	-113,245	-111,010	0	-94,686	-199,272	-182,373	-173,600	-148,312	-154,049	-176,547	-142,359	-160,444	-124,079	-88,632	-84,552	-101,304	-86,463	-97,442	-87,145	-62,211	-58,737	-114,593	-112,031	-88,886	-89,745	-102,556	-94,525	-79,363	-91,057	-103,535	-115,884	-104,595	-65,512	-73,134	-56,191	-57,274	-27,455	-25,115	-1,584	-34,309	-62,920	-39,232	-62,920	0	-63,129	0	-
Net Invested Capital	309,880	296,999	294,223	304,098	283,000	278,576	262,806	265,978	288,928	266,563	257,414	363,050	371,883	376,827	369,944	354,635	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Receivables	30,347	31,420	28,574	25,927	26,204	25,731	47,346	27,793	39,134	36,328	48,221	44,847	22,813	61,036	56,977	150,131	114,866	21,209	27,193	23,256	18,138	21,968	26,047	70,225	22,138	37,806	37,950	37,950	39,586	24,744	45,316	41,576	69,661	46,329	29,081	42,511	26,339	51,308	44,811	39,483	30,990	33,249	34,288	29,025	32,388	22,782	20,833	26,571	22,117	35,677	25,847	30,498	27,074	35,684	28,371	24,274	24,732	22,671	23,158	24,522	18,919	20,840	21,505	23,192	20,960	22,191	17,349	22,191	0	23,903	0	-
Net Tangible Assets	0	296,999	294,223	304,098	283,000	278,576	262,806	265,978	288,928	266,563	257,414	361,642	370,475	375,419	369,944	353,227	465,690	405,127	398,483	393,371	389,078	397,848	387,085	380,885	350,188	344,307	341,743	341,743	337,153	332,813	426,084	415,939	402,986	392,904	364,280	363,327	364,371	359,009	337,897	331,763	328,889	328,590	316,318	305,841	294,288	260,334	307,755	295,852	292,425	288,238	277,360	272,176	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Working Capital	249,202	235,088	229,485	237,917	217,678	209,091	192,027	196,452	220,777	196,351	189,486	297,066	309,617	312,359	305,832	289,016	398,126	337,302	332,864	328,353	322,839	321,587	313,465	306,314	275,077	278,125	272,458	272,458	267,404	261,233	347,085	335,486	322,942	311,271	282,293	282,881	284,343	279,378	254,225	245,179	242,491	242,892	230,970	221,393	211,305	177,702	226,768	215,612	210,638	206,726	198,406	192,384	170,898	171,495	168,017	165,160	153,248	102,690	106,746	103,397	101,813	106,224	109,573	100,833	97,307	91,809	91,738	91,809	0	92,830	0	-
Non Current Assets Total	96,854	78,615	80,186	81,780	82,193	83,617	84,543	86,554	88,497	90,146	92,557	96,329	98,699	100,924	102,378	104,167	105,616	107,276	109,141	110,121	108,825	109,479	110,459	112,900	115,205	117,240	119,386	119,386	121,628	123,761	124,654	126,457	127,536	129,285	130,631	131,545	130,547	130,023	131,002	132,206	131,655	131,159	128,593	141,347	140,634	141,301	141,392	141,426	142,125	142,719	141,135	139,864	134,132	127,502	124,142	122,471	122,735	122,421	122,486	119,110	117,198	109,790	108,253	107,938	104,991	96,428	0	0	0	89,066	0	-
Non Current Liabilities Other	3,287	3,371	15,448	15,599	16,871	12,563	1,551	15,890	18,476	19,806	2,049	30,345	2,240	24,487	24,646	25,689	23,679	21,638	25,882	43,695	24,560	15,788	18,271	32,394	38,686	3,396	3,374	3,374	50,471	52,181	2,999	836	47,492	1,219	1,613	3,362	4,046	4,024	2,709	2,703	2,696	2,690	966	960	954	948	3,463	3,457	3,451	3,445	3,394	3,377	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Current Liabilities Total	36,176	16,704	15,448	15,599	16,871	14,132	13,764	17,028	20,346	19,934	24,629	30,345	36,433	36,456	38,266	38,548	36,644	39,451	43,522	43,695	42,586	33,218	35,431	36,921	38,686	49,650	50,101	50,101	50,471	52,181	44,247	46,004	47,492	46,264	47,236	49,691	50,519	50,392	47,330	45,622	45,257	45,461	43,245	56,899	57,651	58,669	60,405	61,186	60,338	61,207	62,172	60,034	52,968	46,674	41,858	38,826	36,152	34,842	34,940	35,214	34,568	34,377	32,775	29,720	26,463	26,214	0	0	0	20,740	0	-
Non Currrent Assets Other	3,435	4,114	4,497	4,881	-15,412	3,643	5,231	4,360	3,726	5,675	2,254	5,721	7,155	5,918	5,622	5,813	7,019	5,548	5,359	5,864	5,250	3,745	3,845	3,953	5,470	3,839	4,110	5,518	3,884	5,609	3,733	3,640	3,205	4,955	2,962	2,861	-1,762	-8,351	-9,396	-6,657	-4,743	-6,299	-5,819	-6,115	-7,148	2,436	-5,830	-2,370	-4,513	2,202	2,180	2,221	2,250	2,401	2,408	2,536	2,615	2,965	2,874	2,984	2,897	3,149	3,148	6,587	7,141	6,271	7,006	6,271	0	5,892	0	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Assets	0	4,114	4,497	4,881	4,143	5,212	5,398	5,498	5,596	5,803	5,705	5,721	5,747	5,918	5,622	5,813	4,054	3,860	3,542	3,919	3,842	3,817	3,953	4,097	5,470	5,463	5,518	3,857	5,581	5,609	5,502	5,445	5,046	4,955	4,875	4,810	2,982	2,652	2,627	2,598	2,667	2,488	2,452	2,516	2,492	2,436	2,249	2,189	2,173	2,202	2,189	2,259	2,316	2,495	2,531	2,687	2,794	3,173	3,110	3,248	3,190	0	0	0	0	0	0	0	0	0	0	-
Other Current Assets	7,777	1,962	11,647	13,598	8,045	3,680	3,506	5,712	1,476	1,732	2,294	2,588	23,377	1,494	4,228	1,610	11,499	870	625	930	10,036	677	789	1,247	9,140	1,467	395	1,626	677	23,027	1,052	1,892	1,868	19,822	3,683	1,282	1,959	23,005	5,649	1,708	1,410	17,141	1,992	2,908	1,586	1,030	1,568	16	2,139	1,910	1,797	1,666	1,050	1,015	796	1,481	748	828	738	4,072	1,164	4,751	58,731	70,393	2,309	741	0	0	0	3,131	0	-
Other Current Liab	14,872	8,157	11,442	13,403	16,241	9,222	11,072	13,356	6,328	7,697	10,722	27,898	15,084	8,970	11,839	145,222	14,435	7,321	8,735	11,484	7,323	478	423	385	5,204	1,530	1,499	11,067	1,401	9,308	1,428	1,406	1,472	13,867	1,151	1,151	1,151	18,789	1,151	1,151	1,151	24,612	1,468	2,521	2,521	2,569	19,409	12,481	14,895	13,576	1,355	12,305	2,579	19,295	9,324	7,737	8,248	6,071	1,654	1,760	1,889	8,358	-788	657	10,601	2,365	0	0	0	8,106	0	-
Other Liab	0	16,704	15,448	0	16,482	14,132	13,764	17,028	20,346	19,934	24,629	30,345	35,613	36,456	38,266	38,548	35,624	38,294	42,230	42,270	42,586	33,218	35,431	36,921	17,637	16,398	17,663	0	19,157	20,117	19,851	18,214	19,267	17,127	18,172	19,774	20,025	19,951	18,529	17,222	16,832	16,212	13,875	27,089	27,930	28,632	31,669	32,601	31,816	32,701	33,518	33,089	26,374	20,310	16,398	14,781	11,976	10,724	10,777	11,004	11,189	0	0	0	0	0	0	0	0	0	0	-
Other Stockholder Equity	282,489	282,489	282,489	282,489	282,489	282,489	282,443	282,443	282,443	282,446	282,446	282,215	282,215	282,215	282,215	282,215	282,166	282,166	282,145	282,145	282,145	282,109	282,178	282,071	281,964	281,813	281,828	7,499	281,564	281,087	280,420	279,994	279,519	279,231	278,592	278,584	278,107	277,652	277,192	276,567	276,318	276,328	276,373	276,333	276,333	257,041	253,907	253,844	253,585	253,505	253,423	253,423	237,158	237,123	237,088	234,713	213,375	167,598	167,139	167,524	167,524	167,524	159,461	158,763	158,436	158,436	0	0	0	158,436	0	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Gross	223,829	0	75,689	76,899	217,919	78,405	0	81,056	82,901	84,343	86,852	89,200	91,544	93,598	95,348	96,946	98,597	100,320	102,374	102,849	103,575	104,254	105,098	107,395	109,735	111,777	113,868	113,868	116,047	118,152	119,152	121,012	122,490	124,330	125,756	126,735	127,565	127,371	128,375	129,608	128,988	128,671	126,141	138,831	138,142	138,865	139,143	139,237	139,952	140,517	138,946	137,605	131,816	125,007	121,611	119,784	119,941	119,248	119,376	115,862	114,008	106,320	104,756	100,973	97,444	89,666	93,047	89,666	0	82,626	0	-
Property Plant And Equipment Net	73,100	74,501	75,689	76,899	76,941	78,405	79,145	81,056	82,901	84,343	86,852	89,200	91,544	93,598	95,348	96,946	98,597	100,320	102,374	102,849	103,575	104,254	105,098	107,395	109,735	111,777	113,868	0	116,047	118,152	119,152	121,012	122,490	124,330	125,756	126,735	127,565	127,371	128,375	129,608	128,988	128,671	126,141	138,831	138,142	138,865	139,143	139,237	139,952	140,517	138,946	137,605	131,816	125,007	121,611	119,784	119,941	119,248	119,376	115,862	114,008	106,320	104,756	100,973	97,444	89,666	0	0	0	82,626	0	-
Property Plant Equipment	0	74,501	75,689	76,899	76,941	78,405	79,145	81,056	82,901	84,343	86,852	89,200	92,855	93,598	95,348	96,946	98,597	100,320	102,374	102,849	103,575	104,254	105,098	107,395	109,735	111,777	113,868	113,868	116,047	118,152	119,152	121,012	122,490	124,330	125,756	126,735	127,565	127,371	128,375	129,608	128,988	128,671	126,141	138,831	138,142	138,865	139,143	139,237	139,952	140,517	138,946	137,605	131,816	125,007	121,611	119,784	119,941	119,248	119,376	115,862	114,008	0	0	0	0	0	0	0	0	0	0	-
Retained Earnings	27,387	14,506	11,730	21,589	508	-3,922	-19,702	-16,598	6,303	-16,042	-25,244	80,683	89,456	94,482	87,592	72,433	184,632	122,757	116,135	112,448	106,949	115,611	106,166	96,371	61,195	55,746	52,412	52,412	51,578	48,182	142,814	132,569	120,968	113,002	85,998	83,771	82,602	77,094	52,213	46,009	45,895	44,822	33,894	23,364	9,975	692	48,665	40,248	35,907	32,926	26,433	17,828	13,388	14,671	12,546	13,990	26,289	22,630	27,150	19,766	16,916	14,095	25,587	20,198	17,285	3,584	6,927	3,584	0	2,717	0	-
Retained Earnings Total Equity	0	0	11,730	21,589	508	-3,922	-19,702	-16,598	6,303	-16,042	-25,244	80,683	89,456	94,482	87,592	72,433	184,632	122,757	116,135	112,448	106,949	115,611	106,166	96,371	61,195	55,746	52,412	52,412	51,578	48,182	142,814	132,569	120,968	113,002	85,998	83,771	82,602	77,094	52,213	46,009	45,895	44,822	33,894	23,364	9,975	692	48,665	40,248	35,907	32,926	26,433	17,828	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	520	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt Total	389	433	498	571	630	400	492	575	644	639	634	495	491	541	392	484	537	531	525	520	16,294	18,942	22,390	62,840	21,973	21,278	18,746	18,746	19,848	24,359	29,986	24,611	54,472	0	19,768	19,651	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,579	19,295	0	0	0	0	2,800	11,837	13,238	46,411	2,312	69,333	37,103	14,831	14,831	0	0	0	0	-
Short Term Debt	389	433	498	571	630	400	492	575	644	639	634	495	491	541	392	484	537	531	525	520	5,917	10,001	11,879	14,957	7,762	6,318	8,757	0	11,495	105,158	10,344	9,724	8,459	-2,680	10,709	10,577	12,508	-1,940	18,480	16,918	14,609	-6,869	18,137	17,614	19,107	11,118	0	0	0	0	13,563	0	8,696	8,010	0	0	0	-9,348	1,619	-1,253	-2,179	0	743	1,261	0	8,753	0	0	0	0	0	-
Short Term Investments	0	0	0	37,681	37,126	38,753	39,426	42,751	47,190	45,164	46,238	50,173	64,404	63,476	62,095	59,644	73,620	75,583	80,560	84,459	79,888	103,102	91,564	97,179	120,699	123,588	120,728	120,728	116,835	106,146	111,009	92,064	76,203	74,667	70,887	85,943	82,381	87,720	106,246	95,308	110,270	104,271	103,917	98,566	96,352	87,768	81,807	66,937	68,194	56,294	56,270	52,756	52,014	28,200	26,756	12,519	13,055	6,811	2,800	11,837	13,238	46,411	57,519	69,333	37,103	14,831	14,831	0	0	0	0	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Assets	387,400	345,836	354,459	373,278	355,969	341,338	337,386	324,383	344,330	334,701	342,420	436,422	441,304	436,783	456,846	606,878	586,505	484,266	477,669	479,655	471,155	483,205	477,411	478,031	425,563	437,571	427,589	427,589	426,997	529,043	513,034	495,538	495,202	489,109	445,771	460,741	467,453	461,488	435,973	421,603	419,609	414,447	414,298	410,547	405,328	355,237	409,713	391,219	392,657	385,244	371,734	360,539	340,780	343,156	315,200	306,676	296,294	246,007	254,102	241,922	239,840	238,126	241,493	230,076	228,227	205,349	213,887	205,349	0	203,059	0	-
Total Current Assets	290,546	267,221	274,273	291,498	273,776	257,721	252,843	237,829	255,833	244,555	249,863	340,093	342,605	335,859	354,468	502,711	480,889	376,990	368,528	369,534	362,330	373,726	366,952	365,131	310,358	320,331	308,203	308,203	305,369	405,282	388,380	369,081	367,666	359,824	315,140	329,196	336,906	331,465	304,971	289,397	287,954	283,288	285,705	269,200	264,694	213,936	268,321	249,793	250,532	242,525	230,599	220,675	206,648	215,654	191,058	184,205	173,559	123,586	131,616	122,812	122,642	128,336	133,240	122,138	123,236	108,921	113,371	108,921	0	113,993	0	-
Total Current Liabilities	41,344	32,133	44,788	53,581	56,098	48,630	60,816	41,377	35,056	48,204	60,377	43,027	32,988	23,500	48,636	213,695	82,763	39,688	35,664	41,181	39,491	52,139	53,487	58,817	35,281	42,206	35,745	35,745	37,965	144,049	41,295	33,595	44,724	48,553	32,847	46,315	52,563	52,087	50,746	44,218	45,463	40,396	54,735	47,807	53,389	36,234	41,553	34,181	39,894	35,799	32,193	28,291	35,750	44,159	23,041	19,045	20,311	20,896	24,870	19,415	20,829	22,112	23,667	21,305	25,929	17,112	21,633	17,112	0	21,163	0	-
Total Liab	77,520	48,837	60,236	69,180	72,969	62,762	74,580	58,405	55,402	68,138	85,006	73,372	69,421	59,956	86,902	252,243	119,407	79,139	79,186	84,876	82,077	85,357	88,918	95,738	73,967	91,856	85,846	85,846	88,436	196,230	85,542	79,599	92,216	94,817	80,083	96,006	103,082	102,479	98,076	89,840	90,720	85,857	97,980	104,706	111,040	94,903	101,958	95,367	100,232	97,006	94,365	88,325	88,718	90,833	64,899	57,871	56,463	55,738	59,810	54,629	55,397	56,489	56,442	51,025	52,392	43,326	48,504	43,326	0	41,903	0	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	309,880	296,999	294,223	304,098	283,000	278,576	262,806	265,978	288,928	266,563	257,414	363,050	371,883	376,827	369,944	354,635	467,098	405,127	398,483	394,779	389,078	397,848	388,493	382,293	351,596	345,715	341,743	341,743	338,561	332,813	427,492	415,939	402,986	394,292	365,688	364,735	364,371	359,009	337,897	331,763	328,889	328,590	316,318	305,841	294,288	260,334	307,755	295,852	292,425	288,238	277,369	272,214	252,062	252,323	250,301	248,805	239,831	190,269	194,292	187,293	184,443	181,637	185,051	179,051	175,835	162,023	0	0	0	161,156	0	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Begin Period Cash Flow	175,640	137,521	198,122	243,331	214,972	114,627	199,272	154,049	124,079	86,463	58,737	89,745	91,057	65,512	27,455	54,655	63,129	28
Capital Expenditures	6,022	4,778	1,456	4,464	6,971	4,867	3,581	4,495	8,630	8,117	18,542	9,112	23,208	9,671	23,162	16,346	17,710	3,269
Cash And Cash Equivalents Changes	0	38,119	-60,601	-45,209	28,359	100,345	-84,645	45,223	29,970	37,616	27,726	-31,008	-1,312	0	0	0	0	0
Cash Flows Other Operating	0	12,666	6,796	-7,698	-4,058	9,533	15,651	-3,189	1,658	-5,117	-15,807	-1,898	1,570	0	0	0	0	0
Change In Cash	43,804	38,119	-60,601	-45,209	28,359	100,345	-84,645	45,223	29,970	37,616	27,726	-31,008	-1,312	25,545	38,057	-27,200	-8,474	63,101
Change In Working Capital	-21,457	20,168	15,699	35,083	-56,019	12,030	13,626	21,720	-12,109	-12,706	-36,048	23,368	-12	-15,311	435	735	6,346	-15,369
Change Receivables	0	3,170	-6,561	92,041	-96,761	3,975	2,622	21,475	5,009	-17,960	-10,546	12,786	-635	0	0	0	0	0
Change To Account Receivables	-2,184	3,170	-6,561	92,041	-96,728	4,000	2,606	21,585	4,979	-18,059	-10,467	12,895	-512	-13,406	-1,711	-2,534	6,389	-20,434
Change To Inventory	-6,217	162	6,969	3,684	1,723	4,458	8,339	12,864	-19,604	-3,189	-172	15,447	-20,067	-10,929	1,141	-4,149	-977	-1,256
Change To Liabilities	0	12,405	9,206	-49,601	38,457	5,200	-10,789	-5,782	-2,441	13,189	-10,116	-4,449	19,758	0	0	0	0	0
Change To Netincome	0	-1,712	-9,128	3,498	-5,135	-1,824	-11,749	-1,697	-1,607	2,848	14,745	-1,756	6,196	0	0	0	0	0
Change To Operating Activities	0	-588	1,292	-1,435	-2,457	3,002	-2,201	564	-5,195	-1,464	0	0	0	0	0	0	0	0
Depreciation	10,348	10,454	10,452	11,150	12,087	10,969	11,617	10,819	10,187	8,981	10,316	10,454	9,098	7,564	7,517	5,800	4,712	630
Dividends Paid	10,503	10,503	119,906	141,728	10,498	10,498	110,688	10,493	10,493	20,928	29,904	66,538	16,254	31,053	8,457	19,705	0	0
End Period Cash Flow	219,444	175,640	137,521	198,122	243,331	214,972	114,627	199,272	154,049	124,079	86,463	58,737	89,745	91,057	65,512	27,455	54,655	63,129
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	17,949	47,763	42,628	91,939	27,667	80,746	35,766	86,480	30,993	43,835	43,912	55,776	27,221	8,168	2,721	19,929	3,844	-15,763
Investments	34,372	888	16,356	474	11,177	30,251	-9,606	-30,712	10,649	14,744	-5,626	-23,748	-49,257	0	0	0	0	0
Issuance Of Capital Stock	0	0	231	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	119	119	119	119	0	-721	0	0	0	0	0	0	0	0	0
Net Income	37,382	15,211	26,255	46,564	88,181	53,158	23,511	56,341	46,421	53,200	74,034	34,304	34,509	23,094	16,992	22,675	8,408	2,717
Other Cashflows From Financing Activities	-14	-3,829	-3	7,822	4,219	-176	-121	-265	-1,185	-116	-5	106	8	-1,210	-799	70	-50	-10,468
Other Cashflows From Investing Activities	0	61	93	158	13	22	4	-535	-1,402	81	57	247	21,098	326	4,958	0	0	0
Other Non Cash Items	-2,302	8,484	127	4,167	-4,487	10,352	3,252	5,458	-3,198	-4,351	24	-5,346	3,486	2,492	-189	3,163	-306	484
Sale Purchase Of Stock	0	0	231	0	0	-176	-121	213	0	0	19,292	3,149	15,872	0	0	0	0	0
Stock Based Compensation	0	46	2,005	49	21	357	998	1,908	2,043	1,440	16,100	281	502	0	873	849	64	0
Total Cash From Financing Activities	-10,503	-10,503	-119,678	-142,086	-10,498	-10,674	-110,809	-10,545	-11,678	-21,044	-10,617	-63,283	-374	38,473	-9,256	-11,466	-50	158,214
Total Cash From Operating Activities	23,971	52,541	44,084	96,403	34,638	85,613	39,347	90,975	39,623	51,952	62,454	64,888	50,429	17,839	25,883	36,275	21,554	-12,494
Total Cashflows From Investing Activities	0	-3,829	14,993	474	4,219	25,406	-13,183	-35,207	2,025	6,708	-24,111	-32,613	-51,367	0	21,430	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-05-15	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30
Begin Period Cash Flow	205,923	166,690	145,058	175,640	171,268	129,154	120,984	137,521	116,787	97,594	193,979	198,122	180,171	187,823	248,102	243,331	235,945	222,871	206,021	214,972	199,348	199,921	135,393	114,627	113,245	111,010	94,686	199,272	199,272	182,373	173,600	148,312	154,049	176,547	142,359	160,444	124,079	88,632	84,552	101,304	86,463	97,442	87,145	62,211	58,737	114,593	112,031	88,886	89,745	102,556	94,525	79,363	91,057	103,535	115,884	104,595	65,512	73,134	56,191	57,274	27,455	27,427	1,584	34,309	54,655	61,818	62,920	61,818	63,129	143	437
Capital Expenditures	1,028	1,119	1,416	2,459	1,086	1,797	918	977	791	177	342	146	747	958	1,151	1,608	832	1,480	2,413	2,246	1,783	1,981	675	428	967	928	788	788	898	1,388	853	1,357	897	1,193	1,669	3,229	2,539	1,426	976	3,033	2,682	5,111	7,698	3,415	2,318	2,388	2,656	1,955	2,113	4,359	3,524	7,162	8,163	3,608	2,167	1,502	2,394	5,985	5,408	3,694	8,075	3,169	5,291	4,210	3,676	4,869	4,613	4,869	4,937	0	0
Cash And Cash Equivalents Changes	0	0	21,632	-30,582	4,372	42,114	8,170	-16,537	20,734	19,193	-96,385	-4,143	17,951	-7,652	-60,279	4,771	7,386	13,074	16,850	-8,951	15,624	-573	64,528	20,766	1,382	2,235	16,324	16,324	-104,586	16,899	8,773	25,288	-5,737	-22,498	34,188	-18,085	36,365	35,447	4,080	-16,752	14,841	-10,979	10,297	24,934	3,474	0	0	23,145	-859	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	8,996	-11,319	-1,918	8,101	3,942	2,541	-5,449	9,546	1,410	1,289	-845	3,408	-6,030	-4,231	-6,241	3,048	652	-1,517	1,484	584	7,475	-10	9,102	1,460	485	485	4,604	-9,436	3,906	-2,271	4,612	-11,486	5,227	-6,611	14,528	-9,191	2,182	-4,112	6,004	-17,563	615	78	1,063	0	0	2,362	-1,029	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	13,521	39,233	21,632	-30,582	4,372	42,114	8,170	-16,537	20,734	19,193	-96,385	-4,143	17,951	-7,652	-60,279	4,771	7,386	13,074	16,850	-8,951	15,624	-573	64,528	20,766	1,382	2,235	16,324	16,324	-104,586	16,899	8,773	25,288	-5,737	-22,498	34,188	-18,085	36,365	35,447	4,080	-16,752	14,841	-10,979	10,297	24,934	3,474	-55,856	2,562	23,145	-859	-12,811	8,031	15,162	-11,694	-12,478	-12,349	11,289	39,083	-7,622	16,943	-1,083	29,819	28	25,843	-32,725	-20,346	1,102	-8,857	1,102	-1,311	62,986	-294
Change In Working Capital	859	24,659	1,059	-48,034	-11,006	26,279	7,553	-2,658	-760	11,844	8,807	-4,192	13,835	-13,369	60,899	-26,282	-61,144	1,988	11,067	-7,930	-9,449	2,660	52,692	-33,873	-6,155	1,905	16,008	5,054	1,868	-9,484	16,894	27,533	-13,223	-52,106	20,552	-12,897	32,342	-6,982	5,647	-35,455	24,084	-22,382	-7,335	18,000	-24,331	-3,580	3,752	17,238	5,958	-24,537	6,917	-2,130	19,738	-10,736	-2,790	2,507	-4,292	2,670	2,052	-1,876	-2,411	-4,443	8,380	-1,322	-1,880	-489	-71	-1,021	4,413	-15,412	-53
Change Receivables	0	0	-2,647	277	-2,474	13,836	-19,518	11,326	-2,819	4,799	-3,401	-5,140	15,782	-9,060	98,947	-13,628	-94,057	810	-3,935	421	3,317	1,168	42,409	-42,919	700	-1,107	756	756	2,273	5,247	-5,353	32,057	-10,476	-26,512	5,068	-8,304	34,757	-17,712	-9,790	-2,209	11,751	851	-4,954	3,054	-9,497	0	0	-4,454	13,560	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	1,073	-919	-2,647	277	-2,474	13,836	-19,518	11,326	-2,819	4,799	-3,401	-5,140	15,782	-9,060	98,947	-13,628	-94,024	829	-3,933	400	3,351	1,077	42,516	-42,944	706	-1,140	780	-5,613	2,260	5,273	-5,373	32,131	-10,446	-26,529	4,982	-8,287	34,813	-17,693	-9,893	-2,224	11,751	1,039	-5,263	3,363	-9,606	-1,949	5,738	-4,454	13,560	-9,830	4,650	-3,424	8,092	-8,315	-3,376	1,258	-2,973	1,399	-1,343	-2,895	1,128	0	0	0	-3,446	-610	3,989	-610	3,175	-20,434	0
Change To Inventory	-6,068	40,452	1,872	-42,473	-9,361	14,187	6,036	-10,700	16,774	9,820	-8,236	-11,389	-4,802	13,096	-732	-3,878	5,216	-6,673	17,106	-13,926	8,709	-484	11,997	-15,764	-231	-6,634	14,986	14,986	218	-4,145	10,769	11,190	-4,950	-30,585	21,616	8,452	-19,087	13,831	8,157	-24,858	-319	5,528	2,934	20,076	-28,710	7,086	-5,721	24,595	-10,513	-13,723	-3,340	823	-3,827	-6,075	-2,011	-106	-2,737	4,901	-6,006	5,497	-3,251	-2,343	1,060	1,497	-4,363	-2,735	-3,859	-2,735	4,243	-1,256	0
Change To Liabilities	0	-9,458	-5,551	54	3,027	-9,273	19,670	-1,690	-10,918	-10,574	18,200	11,436	3,244	-22,972	-30,780	3,659	34,830	3,327	-3,505	3,805	-15,152	-146	-2,540	23,038	-13,489	7,815	-1,096	-1,096	-4,019	-4,208	9,387	-11,957	996	11,433	-15,020	-5,657	6,803	3,777	5,061	-2,707	7,058	-12,524	-5,932	-5,420	13,760	0	0	-3,248	2,680	6,592	0	0	7,867	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	6,791	13	-5	1,490	808	1,487	-2,249	1,736	-3,298	-2,936	-4,402	-2,100	-1,703	721	29	-4,872	41	28	-332	3,489	474	-2,136	-3,651	-12,040	649	764	764	-1,122	5,063	-3,465	-1,083	-2,212	4,565	681	-522	-6,331	2,374	4,388	-2,244	-1,670	85	17,126	-1,807	-659	0	3,670	-915	-412	1,123	4,570	1,849	1,730	0	0	0	774	0	2,576	0	484	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-5,429	9,284	9,284	-3,369	1,738	1,400	-357	-1,447	474	2,217	48	-5,162	298	1,088	2,341	-2,328	-1,982	643	1,210	-3,326	1,081	36	5,211	-2,201	813	485	0	3,538	564	2,091	-3,757	1,207	-5,195	0	0	0	-1,464	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	2,612	2,581	2,604	2,551	2,604	2,574	2,706	2,570	2,565	2,656	2,623	2,608	2,596	2,692	2,858	3,004	2,995	3,620	2,747	2,725	2,725	2,732	2,756	2,756	2,882	2,927	2,912	2,948	2,896	2,859	2,703	2,635	2,622	2,711	2,604	2,571	2,301	2,259	2,195	2,167	2,360	2,266	2,666	2,726	2,658	2,665	2,611	2,594	2,584	2,747	2,467	1,973	1,911	1,927	1,834	1,866	1,937	1,972	1,910	1,866	1,769	1,620	1,437	1,448	1,295	1,153	1,261	1,153	974	630	0
Dividends Paid	2,626	2,626	2,625	2,626	2,626	2,626	2,625	2,626	2,622	2,626	112,034	2,624	2,625	2,624	133,855	2,624	2,625	2,624	2,625	2,624	2,626	2,624	2,624	2,624	2,625	2,625	2,625	2,625	102,813	2,624	2,623	2,623	2,623	2,623	2,623	2,624	2,623	5,247	5,247	5,233	5,201	15,603	4,767	4,767	4,767	54,142	4,132	4,132	4,132	4,128	4,130	3,997	3,999	7,996	7,995	15,062	0	8,457	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	219,444	205,923	166,690	145,058	175,640	171,268	129,154	120,984	137,521	116,787	97,594	193,979	198,122	180,171	187,823	248,102	243,331	235,945	222,871	206,021	214,972	199,348	199,921	135,393	114,627	113,245	111,010	94,686	94,686	199,272	182,373	173,600	148,312	154,049	176,547	142,359	160,444	124,079	88,632	84,552	101,304	86,463	97,442	87,145	62,211	58,737	114,593	112,031	88,886	89,745	102,556	94,525	79,363	91,057	103,535	115,884	104,595	65,512	73,134	56,191	57,274	27,455	27,427	1,584	34,309	62,920	54,063	62,920	61,818	63,129	143
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	20,467	35,714	-5,963	-32,269	7,238	44,240	7,748	-11,553	23,466	21,999	11,656	-14,493	19,080	-8,583	79,016	2,426	9,448	9,351	14,403	-5,535	4,661	11,828	60,845	3,412	1,940	7,553	18,889	18,889	7,384	12,708	29,998	43,474	300	-21,492	23,393	-9,471	38,563	24,040	22,668	-31,649	28,776	63	20,054	33,448	-9,653	361	16,093	27,452	11,870	-14,041	21,792	4,667	14,803	-3,278	7,528	4,931	-1,013	4,441	5,337	-1,630	-5,427	6,077	12,131	87	1,634	-1,330	6,154	-1,330	-140	-13,501	1,098
Investments	-5,362	5,026	30,220	4,327	-240	495	2,129	-2,414	-107	-180	5,623	12,974	630	3,501	-5,440	5,396	563	6,347	5,064	-797	13,589	-9,603	6,287	19,978	2,036	-2,554	69	69	-9,157	6,625	-18,551	-15,561	-3,225	1,584	13,887	-5,269	447	16,576	-13,193	20,085	-8,724	4,604	-5,085	-3,747	-1,398	0	0	-207	-8,708	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	-14	0	0	0	0	0	0	0	0	119	119	119	-477	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-721	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	23,384	2,776	-9,859	21,081	14,933	15,780	-3,104	-12,398	22,345	9,202	3,481	-8,773	5,472	6,890	15,159	19,043	72,373	6,622	3,687	5,499	1,836	9,445	1,523	40,354	15,947	3,334	834	834	3,396	18,680	12,868	14,224	10,569	29,647	4,850	3,793	8,131	30,128	11,451	5,347	6,274	26,531	15,297	18,156	14,050	6,169	12,549	8,473	7,113	10,621	12,733	8,439	2,716	10,121	6,551	2,763	3,659	3,937	7,384	2,850	2,821	8,213	5,389	2,913	6,160	2,907	3,343	2,907	-2,040	1,753	1,151
Other Cashflows From Financing Activities	14	5,026	28,804	-14	-1,326	-1,297	2,129	-3,335	-3	-357	231	12,828	119	2,597	-6,591	-477	-269	4,867	2,659	-3,038	11,806	-176	5,632	19,550	31	-143	-9	-9	-10,055	190	-51	-2	-189	27	-469	-721	-22	15,228	-151	45	-10	19,247	40	-7,162	-3,716	85	13	-2,130	8	8	-13,155	-8,433	-30,696	-4,848	-332	-15,940	-8,075	-8,871	-385	-3,147	27,171	-20,000	957	-37,022	-25,656	-2,437	-19,624	-2,437	-50	159,106	-1,392
Other Cashflows From Investing Activities	0	40,692	34,547	4,327	949	5	3,047	56	1,768	-458	-1,954	-106	-643	54	-4,753	50	-963	-56	8	5	-704	2	20	901	-1,901	4	1,189	0	0	-535	0	0	0	6	0	-1,408	0	78	3	0	0	13,433	-7,643	-3,415	-2,318	2,510	1,212	32	31	0	0	0	0	326	0	9	353	4,958	5,437	2,496	3,351	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-5,360	6,817	34	-5,403	3,360	-59	2,464	2,629	31	33	31	32	-2,368	32	32	8,242	43	-1,592	43	43	8,940	-1,411	5,939	-3,116	2,467	-273	-348	0	1,406	-2,408	2,183	1,109	4,574	-4,011	-3,310	441	3,682	-3,655	-26	7	6	6	6	6	6	-4,268	-1,722	10,490	5,853	13,084	12,625	3,547	-1,474	-982	4,100	-703	53	717	-601	-776	469	769	1,471	1,276	-753	-1,865	1,403	-1,865	2,822	158	0
Sale Purchase Of Stock	0	0	0	0	0	0	0	0	231	231	231	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	94,686	0	94,686	213	0	0	0	0	0	0	0	0	0	0	0	0	0	0	19,292	0	0	0	72	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	0	0	1,610	0	0	46	0	0	-1,660	1,750	1,535	380	-49	-2,220	498	49	885	21	-698	-3,211	36	107	107	107	120	128	273	0	477	477	477	477	477	612	477	477	477	460	776	-937	458	-774	17,858	-2,248	1,264	-22	22	-8,054	-7,364	-10,990	-12,401	0	1,553	0	0	0	-64	873	0	0	-366	863	377	9	0	68	0	0	44	0	0
Total Cash From Financing Activities	-2,612	-2,626	-2,625	-2,640	-2,626	-2,626	-2,625	-2,626	-2,625	-2,626	-111,803	-2,624	-2,506	-2,624	-133,855	-3,101	-2,625	-2,624	-2,625	-2,624	-2,626	-2,800	-2,624	-2,624	-2,594	-2,768	-2,634	-2,634	-102,813	-2,434	-2,674	-2,625	-2,812	-2,596	-3,092	-3,345	-2,645	-5,247	-5,398	-5,188	-5,211	-15,648	-4,727	-4,767	14,525	-51,008	-4,091	-4,132	-4,052	-4,046	-4,130	11,766	-3,964	-7,960	-5,621	6,277	45,777	-8,871	-385	0	-12,423	-12,423	957	0	-8,807	-962	0	0	-50	159,106	-1,392
Total Cash From Operating Activities	21,495	36,833	-4,547	-29,810	8,324	46,037	8,666	-10,576	24,257	22,176	11,998	-14,347	19,827	-7,625	80,167	4,034	10,280	10,831	16,816	-3,289	6,444	13,809	61,520	3,840	2,907	8,481	19,677	19,677	8,282	14,096	30,851	44,831	1,197	-20,299	25,062	-6,242	41,102	25,466	23,644	-28,616	31,458	5,174	27,752	36,863	-7,335	2,749	18,749	29,407	13,983	-9,682	25,316	11,829	22,966	330	9,695	6,433	1,381	10,426	10,745	2,064	2,648	9,246	17,422	4,297	5,310	3,539	10,767	3,539	4,797	-13,501	1,098
Total Cashflows From Investing Activities	0	35,698	28,804	1,868	-1,326	-1,297	2,129	-3,335	-898	-357	3,420	12,828	630	2,597	-6,591	3,838	-269	4,867	2,659	-3,038	11,806	-11,582	5,632	19,550	1,069	-3,478	-719	-719	-10,055	5,237	-19,404	-16,918	-4,122	397	12,218	-8,498	-2,092	15,228	-14,166	17,052	-11,406	-505	-12,728	-7,162	-3,716	0	0	-2,130	-10,790	0	0	0	0	0	0	0	0	21,430	30,607	24,024	27,171	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cost Of Revenue	332,602	367,021	297,849	173,198	131,087	217,620	254,765	206,335	242,565	275,865	344,754	294,576	248,130	177,899	162,274	157,913	152,555	20,099
Depreciation And Amortization	10,348	10,454	13,685	11,150	12,087	10,969	11,617	10,819	10,187	8,981	10,316	10,454	9,098	7,564	7,517	5,800	4,712	630
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	22,037	26,092	12,898	22,339	65,309	63,439	9,887	36,523	46,971	56,128	90,254	50,980	55,110	33,290	25,242	35,146	13,222	4,127
Ebitda	32,385	36,546	26,583	33,489	77,396	74,408	21,504	47,342	57,158	65,109	100,570	61,434	64,208	40,854	32,759	40,946	17,934	4,757
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-12	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	35,648	28,993	23,537	31,307	74,139	73,398	20,261	46,858	57,046	65,973	100,165	57,253	61,755	41,284	34,437	40,417	17,233	2,944
Income Before Tax	37,383	13,738	15,930	31,778	79,795	60,177	16,649	40,806	51,869	67,345	97,351	54,880	52,775	34,178	25,446	34,996	13,191	4,090
Income Tax Expense	1	-1,473	-10,325	-14,786	-8,386	7,019	-6,862	-15,535	5,448	14,145	23,317	20,576	18,266	11,084	8,454	12,321	4,783	1,373
Interest Expense	138	128	131	151	173	173	172	173	134	25	24	27	184	74	27	26	24	37
Interest Income	8,844	3,804	3,119	5,648	10,050	9,183	7,809	6,152	5,079	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	37,382	15,211	26,255	46,564	88,181	53,158	23,511	56,341	46,421	53,200	74,034	34,304	34,509	23,094	16,992	22,675	8,408	2,717
Net Income Applicable To Common Shares	0	15,211	26,255	46,564	88,181	53,158	23,511	56,341	46,421	53,200	74,034	34,304	34,509	23,094	16,992	0	0	0
Net Income From Continuing Ops	28,931	15,211	26,255	46,564	88,181	53,158	23,511	56,341	46,421	53,200	120,668	75,456	34,509	0	0	0	0	0
Net Interest Income	8,710	4,742	2,988	5,497	9,877	9,010	7,637	5,979	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	-3,907	3,125	3,831	15,059	-3,318	14,469	7,099	5,032	11,242	7,121	8,815	1,344	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	22,037	26,092	12,898	22,339	65,309	63,439	9,887	36,523	46,971	56,128	90,254	46,092	51,615	32,155	24,839	32,181	9,655	762
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	346,213	378,468	308,488	182,166	139,917	227,579	265,139	216,670	252,640	285,710	354,665	305,737	258,270	187,028	171,872	166,149	160,133	22,281
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	10,340	10,454	10,452	11,150	12,087	10,969	11,617	0	0	0	0	0	0	0	0	0	0	0
Research Development	4,398	3,415	3,484	2,988	3,191	3,524	3,659	2,715	2,741	3,168	3,444	3,444	3,512	3,494	4,165	3,951	3,434	923
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	9,088	8,032	7,155	5,980	5,639	6,435	6,715	7,620	7,334	6,677	6,467	7,717	6,628	5,635	5,433	2,907	2,619	755
Tax Provision	-1,494	-1,473	-10,325	-14,786	-8,386	7,019	-6,862	-15,535	5,448	0	0	0	0	0	0	0	0	0
Total Operating Expenses	13,611	11,447	10,639	8,968	8,830	9,959	10,374	10,335	10,075	9,845	9,911	11,161	10,140	9,129	9,598	8,236	7,578	2,182
Total Other Income Expense Net	15,346	-12,354	3,032	9,439	14,486	-3,262	6,762	4,283	4,898	11,217	7,097	4,039	-2,151	962	231	-124	-7	3,328
Total Revenue	368,250	396,014	321,386	204,505	205,226	291,018	275,026	253,193	299,611	341,838	444,919	351,829	309,885	219,183	196,711	198,330	169,788	23,043

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-05-15	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30
Cost Of Revenue	78,158	112,882	93,900	52,558	102,630	98,156	116,819	49,416	80,946	90,490	74,161	52,252	42,312	47,692	46,511	36,683	41,968	60,222	67,594	45,239	50,546	68,769	80,065	18,240	68,454	72,080	66,250	66,250	47,981	51,859	58,987	59,907	35,582	4,359	98,379	99,054	40,773	59,546	82,263	61,461	72,595	100,432	95,101	78,437	70,784	66,500	66,313	88,837	72,926	70,277	68,312	59,299	50,242	38,448	54,217	45,412	39,822	54,321	38,613	35,958	33,382	30,124	49,705	45,445	32,638	36,038	39,673	36,038	39,954	20,099	0	-
Depreciation And Amortization	2,612	2,581	2,604	4,887	590	3,783	2,706	3,234	2,565	2,656	2,623	2,608	2,596	2,692	2,858	3,004	2,995	3,620	2,747	2,725	2,725	2,732	2,756	2,756	2,882	2,927	2,912	0	2,896	2,859	2,703	2,635	2,622	2,711	2,604	2,571	2,301	2,259	2,195	2,167	2,360	2,266	2,666	2,726	2,658	2,665	2,611	2,594	2,584	2,747	2,467	1,973	1,911	1,927	1,834	1,866	1,937	1,972	1,910	1,866	1,769	1,620	1,437	1,448	1,295	1,153	1,261	1,153	974	1,456	1,904	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Ebit	10,176	-2,284	-11,625	18,251	11,778	16,890	-770	-9,607	23,970	6,782	-2,568	-12,053	3,099	4,879	8,728	15,946	56,643	6,255	3,822	3,573	10,078	12,685	7,816	36,559	956	5,081	1,363	4,135	5,167	11,918	9,367	6,736	9,758	24,373	7,221	4,504	12,000	24,072	19,591	5,674	10,051	20,548	24,847	26,630	20,103	6,213	20,325	12,719	11,723	20,058	19,358	13,467	3,996	13,734	9,536	4,463	5,901	5,611	11,421	3,703	4,514	14,178	9,698	1,644	9,491	4,959	4,638	4,896	-3,300	1,121	-56	2
Ebitda	12,788	297	-9,021	23,138	12,368	20,673	1,936	-6,373	26,535	9,438	55	-9,445	5,695	7,571	11,586	18,950	59,638	9,875	6,569	6,298	12,803	15,417	10,572	39,315	3,838	8,008	4,275	0	8,063	14,777	12,070	9,371	12,380	27,084	9,825	7,075	14,301	26,331	21,786	7,841	12,411	22,814	27,513	29,356	22,761	8,878	22,936	15,313	14,307	22,805	21,825	15,440	5,907	15,661	11,370	6,329	7,838	7,583	13,331	5,569	6,283	15,798	11,135	3,092	10,786	6,112	5,899	6,049	-2,326	2,577	1,848	4
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	13,851	3,870	-8,592	21,623	15,186	19,985	977	-7,155	26,124	8,192	-43	-10,736	7,551	6,446	911	16,399	-21,791	5,462	3,270	3,262	14,967	12,653	8,271	37,507	6,807	5,526	1,798	1,798	6,130	17,514	10,319	7,972	11,053	29,513	8,675	5,544	13,314	28,921	20,872	6,578	9,602	25,140	26,018	27,626	21,381	8,089	21,963	14,400	12,801	19,332	21,995	15,429	4,999	15,165	11,876	6,302	7,941	8,559	13,650	5,873	6,355	14,505	10,880	4,451	10,582	5,582	6,885	5,582	-2,448	2,944	0	-
Income Before Tax	23,351	2,788	-9,844	21,088	13,405	17,477	-4,042	-13,102	24,057	6,021	-988	-13,160	9,617	6,060	10,270	5,831	61,098	7,636	4,604	6,457	6,519	13,457	8,054	37,891	5,710	5,064	882	882	4,993	15,802	9,000	7,307	8,697	27,033	6,910	4,912	13,014	29,148	19,585	8,616	9,996	23,898	24,643	28,654	20,156	9,741	20,470	12,690	11,979	15,450	20,001	13,372	3,952	13,786	10,001	4,472	5,919	5,837	11,428	3,675	4,506	12,995	8,842	3,673	9,486	4,888	5,512	4,888	-3,305	2,542	1,848	2
Income Tax Expense	-33	12	15	7	-1,528	1,697	-938	-704	1,712	-3,181	-4,469	-4,387	4,145	-830	-4,889	-13,212	-11,275	1,014	917	958	4,683	4,012	2,003	-2,463	-10,237	1,730	48	48	1,597	-2,878	-3,868	-6,917	-1,872	-2,614	2,060	1,119	4,883	-980	8,134	3,269	3,722	-2,633	9,346	10,498	6,106	3,572	7,921	4,217	4,866	4,829	7,268	4,933	1,236	3,665	3,450	1,709	2,260	1,900	4,044	825	1,685	4,782	3,453	760	3,326	1,981	2,169	1,981	-1,265	789	697	1
Interest Expense	35	36	34	32	31	32	33	32	35	32	32	32	32	32	31	56	43	43	44	43	44	43	43	43	43	43	43	43	43	43	45	42	43	43	42	43	6	6	6	7	6	6	6	6	6	6	6	9	6	8	6	36	134	55	8	5	6	8	5	6	8	9	6	5	5	8	5	8	5	37	0	-
Interest Income	2,982	2,527	1,732	2,836	1,628	1,210	747	664	670	654	2,370	1,005	1,086	2,257	1,519	1,967	2,220	2,718	2,750	5,246	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	23,384	2,776	-9,859	21,081	14,933	15,780	-3,104	-12,398	22,345	9,202	3,481	-8,773	5,472	6,890	15,159	19,043	72,373	6,622	3,687	5,499	1,836	9,445	6,051	40,354	15,947	3,334	834	834	3,396	18,680	12,868	14,224	10,569	29,647	4,850	3,793	8,131	30,128	11,451	5,347	6,274	26,531	15,297	18,156	14,050	6,169	12,549	8,473	7,113	10,621	12,733	8,439	2,716	10,121	6,551	2,763	3,659	3,937	7,384	2,850	2,821	8,213	5,389	2,913	6,160	2,907	3,343	2,907	-2,040	1,753	1,151	1
Net Income Applicable To Common Shares	0	2,776	-9,859	21,081	14,933	15,780	-3,104	-12,398	22,345	9,202	3,481	-8,773	5,472	6,890	15,159	19,043	72,373	6,622	3,687	5,499	-2,692	9,445	6,051	40,354	15,947	3,334	834	834	3,396	18,680	12,868	14,224	10,569	29,647	4,850	3,793	8,131	30,128	11,451	5,347	6,274	26,531	15,297	18,156	14,050	6,169	12,549	8,473	7,113	10,621	12,733	8,439	2,716	10,121	6,551	2,763	3,659	3,937	7,384	2,850	2,821	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	23,384	2,776	-9,859	21,081	14,933	15,780	-3,104	-12,398	22,345	9,202	3,481	-8,773	5,472	6,890	15,159	19,043	72,373	6,622	3,687	5,499	-2,692	9,445	6,051	40,354	15,947	3,334	834	834	3,396	18,680	12,868	14,224	10,569	29,647	4,850	3,793	8,131	16,146	11,451	11,885	13,718	39,957	15,297	39,152	26,262	0	0	16,907	7,113	0	12,733	8,439	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	2,947	2,491	1,732	2,304	2,218	1,178	714	632	635	622	758	973	1,054	1,044	1,488	1,911	2,177	2,675	2,706	2,319	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	1,753	2,892	1,682	548	-2,580	-3,557	2,304	-156	1,107	-130	-1,590	2,280	11,630	-8,489	1,880	4,405	3,485	5,289	-6,423	3,244	2,312	-2,451	2,348	2,913	4,761	4,761	4,447	3,711	1,204	1,973	211	-8	1,019	1,778	2,243	2,823	1,416	4,452	2,551	1,090	1,134	3,685	1,212	0	0	1,127	1,454	0	715	774	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Operating Income	10,176	297	-11,583	18,251	11,778	16,890	-770	-9,607	21,817	6,142	-2,003	-13,058	5,695	3,804	-1,139	13,979	59,638	3,275	1,185	1,211	12,803	10,229	5,840	34,567	3,838	3,200	-626	-626	3,475	14,777	7,841	5,376	8,529	27,084	5,933	3,177	10,777	26,331	18,175	4,171	7,451	22,814	23,515	24,975	18,950	4,756	19,181	11,572	10,583	16,381	19,358	12,656	3,220	12,599	9,536	4,241	5,779	5,526	11,385	3,636	4,292	12,371	8,726	2,238	8,847	4,082	4,638	4,082	-4,240	1,121	-56	4
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Operating Expenses	81,833	116,455	96,891	55,930	106,038	101,251	119,311	51,868	85,253	92,540	76,121	54,574	44,168	50,334	48,561	39,103	39,461	62,409	69,679	47,290	52,710	71,193	82,496	21,180	71,423	74,406	68,674	67,972	50,636	54,596	61,465	62,503	38,106	6,788	101,121	101,421	43,310	62,136	84,960	63,868	74,746	102,758	97,604	81,088	73,215	69,833	69,095	91,665	75,144	73,228	70,949	62,072	52,021	41,014	56,557	47,473	41,984	57,354	40,878	38,195	35,445	32,258	51,859	47,658	34,373	37,538	41,920	37,538	41,746	21,922	56	4
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Reconciled Depreciation	2,612	2,581	2,604	2,551	2,604	2,574	2,706	2,570	2,565	2,656	2,623	2,608	2,596	2,692	2,858	3,004	2,995	3,620	2,747	2,725	2,725	2,732	2,756	2,756	2,882	2,927	2,912	0	2,896	2,859	2,703	2,635	2,622	2,711	2,604	2,571	2,301	2,259	2,195	2,167	2,360	2,266	2,666	2,726	2,658	2,665	2,611	2,594	2,584	2,747	2,467	1,973	1,911	1,927	1,834	1,866	1,937	1,972	1,910	1,866	1,769	1,620	1,437	1,448	1,295	1,153	1,261	1,153	974	630	0	-
Research Development	1,156	1,163	1,007	1,072	1,014	967	755	679	1,098	814	798	774	594	791	768	835	864	833	788	706	681	877	784	1,182	1,124	935	845	845	755	602	688	738	687	618	738	670	715	869	728	869	702	871	866	791	916	818	954	829	843	902	996	861	753	908	800	886	900	1,055	1,111	988	1,011	909	1,079	1,008	956	678	946	678	991	923	0	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,275	0	0	1,275	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling General Administrative	2,519	2,410	1,828	2,147	2,394	2,128	1,737	1,773	3,209	1,236	1,162	1,548	1,262	1,851	1,282	1,585	1,643	1,354	1,297	1,345	1,483	1,547	1,647	1,758	1,845	1,391	1,579	1,579	1,900	2,135	1,790	1,858	1,837	1,811	2,004	1,697	1,822	1,721	1,969	1,538	1,449	1,455	1,637	1,860	1,515	2,515	1,828	1,999	1,375	2,049	1,641	1,912	1,026	1,658	1,540	1,175	731	3,412	729	798	494	927	652	1,205	438	438	1,301	822	317	0	0	-
Tax Provision	-33	12	15	7	-1,528	1,697	-938	-704	1,712	-3,181	-4,469	-4,387	4,145	-830	-4,889	-13,212	-11,275	1,014	917	958	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Operating Expenses	3,675	3,573	2,991	3,372	3,408	3,095	2,492	2,452	4,307	2,050	1,960	2,322	1,856	2,642	2,050	2,420	2,507	2,187	2,085	2,051	2,164	2,424	2,431	2,940	2,969	2,326	2,424	2,424	2,655	2,737	2,478	2,596	2,524	2,429	2,742	2,367	2,537	2,590	2,697	2,407	2,151	2,326	2,503	2,651	2,431	3,333	2,782	2,828	2,218	2,951	2,637	2,773	1,779	2,566	2,340	2,061	2,162	3,033	2,265	2,237	2,063	2,134	2,154	2,213	1,735	1,500	2,247	1,500	1,792	1,823	56	4
Total Other Income Expense Net	13,175	2,491	7	2,837	1,627	587	-3,272	-3,495	1,605	-743	257	-1,075	3,922	1,212	9,921	-10,059	1,460	1,686	713	2,927	-6,284	728	104	1,375	1,872	-58	-440	3,026	-162	1,025	-433	509	-1,134	-51	-317	373	976	2,817	-16	2,885	181	1,084	-236	1,996	59	3,646	151	-20	262	-4,600	649	-59	90	107	473	14	24	234	12	-22	214	1,034	-972	594	-124	-63	2	-806	935	1,421	1,904	-2
Total Revenue	92,009	116,752	85,308	74,181	117,816	118,141	117,796	42,261	107,070	98,682	74,118	41,516	49,863	54,138	47,422	53,082	20,177	65,684	70,864	48,501	65,513	81,422	88,336	55,747	75,261	77,606	68,048	76	54,111	69,373	69,306	67,879	46,635	33,872	107,054	104,598	54,087	88,467	103,135	68,039	82,197	125,572	121,119	106,063	92,165	74,589	88,276	103,237	85,727	89,609	90,307	74,728	55,241	53,613	66,093	51,714	47,763	62,880	52,263	41,831	39,737	44,629	60,585	49,896	43,220	41,620	46,558	41,620	37,506	23,043	0	-

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	368,250
Cost of Revenue	-332,602
Gross Profit	35,648	35,648

Operating Income (+$)
Gross Profit	35,648
Operating Expense	-13,611
Operating Income	22,037	22,037

Operating Expense (+$)
Research Development	4,398
Selling General Administrative	9,088
Selling And Marketing Expenses	0
Operating Expense	13,611	13,486

Net Interest Income (+$)
Interest Income	8,844
Interest Expense	-138
Other Finance Cost	-4
Net Interest Income	8,710

Pretax Income (+$)
Operating Income	22,037
Net Interest Income	8,710
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	37,383	6,691 EBIT - interestExpense = 21,899 37,383 37,520
Interest Expense	138
Earnings Before Interest and Taxes (EBIT)	22,037	37,521
Earnings Before Interest and Taxes (EBITDA)	32,385

After tax Income (+$)
Income Before Tax	37,383
Tax Provision	--1,494
Net Income From Continuing Ops	28,931	38,877
Net Income	37,382
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	346,213
Total Other Income/Expenses Net	15,346	-8,710

Technical Analysis of FutureFuel Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of FutureFuel Corp. The general trend of FutureFuel Corp is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine FutureFuel Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (57.1%)		Bearish trend (-57.1%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of FutureFuel Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 6.4484131416838 < 6.968915625.

The bearish price targets are: 5.48 > 5.1049127572017 > 5.0776050069541.

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FutureFuel Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of FutureFuel Corp. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close > MA 20: The price is above the MA 20. +1
MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending up: The MA 50 is trending up. +1
Close > MA 50: The price is above the MA 50. +1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
MA 200 trending down: The MA 200 is trending down. -1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

FutureFuel Corp Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of FutureFuel Corp. The current macd is 0.27970163.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the FutureFuel Corp price going down in the near term. -2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for FutureFuel Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the FutureFuel Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

FutureFuel Corp Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of FutureFuel Corp. The current adx is 58.53.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy FutureFuel Corp shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2

FutureFuel Corp Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of FutureFuel Corp. The current sar is 5.5123444.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

FutureFuel Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of FutureFuel Corp. The current rsi is 61.57. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

FutureFuel Corp Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of FutureFuel Corp. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the FutureFuel Corp price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

FutureFuel Corp Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of FutureFuel Corp. The current cci is 55.14.

FutureFuel Corp Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of FutureFuel Corp. The current cmo is 11.23.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

FutureFuel Corp Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of FutureFuel Corp. The current willr is -65.45454545.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that FutureFuel Corp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of FutureFuel Corp.

FutureFuel Corp Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of FutureFuel Corp. The current atr is 0.20370075.

FutureFuel Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of FutureFuel Corp. The current obv is -1,454,905.

FutureFuel Corp Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of FutureFuel Corp. The current mfi is 63.98.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

FutureFuel Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for FutureFuel Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-24	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-11-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-01	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-05	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-11	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-12	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-20	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-27	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-28	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-04	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-09	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-23	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-01-29	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-30	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-02	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-09	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-12	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-22	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-28	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-07	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-14	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-15	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-18	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-05	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-08	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-11	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-12	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-04-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-16	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of FutureFuel Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	61.569
Ma 20	Greater than	Ma 50	5.660
Ma 50	Greater than	Ma 100	4.758
Ma 100	Greater than	Ma 200	4.416
Open	Greater than	Close	5.680
Total			4/5 (80.0%)

Create your own Symbol Scanner

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Quick analysis of FutureFuel Corp (30 sec.)

What can you expect buying and holding a share of FutureFuel Corp? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of FutureFuel Corp (5 min.)

$5.67

$7.08

$3.46 - $11.86

$10.55 - $18.94

2. Growth of FutureFuel Corp (5 min.)

Is FutureFuel Corp growing?

How much money is FutureFuel Corp making?

How much money comes from the company's main activities?

3. Financial Health of FutureFuel Corp (5 min.)

4. Comparing to competitors in the Specialty Chemicals industry (5 min.)

Industry Rankings (Specialty Chemicals)

What can you expect buying and holding a share of FutureFuel Corp? (5 min.)

What can you expect buying and holding a share of FutureFuel Corp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of FutureFuel Corp

About FutureFuel Corp

Financial Health

Valuation

1.1. Profitability of FutureFuel Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Specialty Chemicals)

1.1.2. Return on Assets

Trends

Compared to industry (Specialty Chemicals)

1.1.3. Return on Equity

Trends

Compared to industry (Specialty Chemicals)

1.2. Operating Efficiency of FutureFuel Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Specialty Chemicals)

1.2.2. Operating Ratio

Trends

Compared to industry (Specialty Chemicals)

1.3. Liquidity of FutureFuel Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Specialty Chemicals)

1.3.2. Quick Ratio

Trends

Compared to industry (Specialty Chemicals)

1.4. Solvency of FutureFuel Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Specialty Chemicals)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Specialty Chemicals)

2. Market Valuation of FutureFuel Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Specialty Chemicals)

FutureFuel Corp
Buy, Hold or Sell?