Clean Energy Technologies, Inc. (NASDAQ: CETY)

Sector: Industrials Industry: Specialty Industrial Machinery CIK: 0001329606
Market Cap 2.04 Mn
P/B 0.29
P/E -0.47
P/S 0.90
ROIC (Qtr) -23.87
Div Yield % 0.00
Rev 1y % (Qtr) 228.92
Total Debt (Qtr) 3.70 Mn
Debt/Equity (Qtr) 0.52
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About

Investment thesis

Bull case

  • Strong tangible asset base of 13.62M provides 3.68x coverage of total debt 3.70M, indicating robust asset backing and low credit risk.
  • Tangible assets of 13.62M provide exceptional 412.81x coverage of deferred revenue 33000, showing strong service capability backing.
  • Operating cash flow of (6.99M) fully covers other non-current liabilities (33000) by 211.83x, showing strong long-term stability.
  • Long-term investments of 4.24M provide solid 20.10x coverage of long-term debt 210947, indicating strategic financial planning.
  • Cash reserves of 826786 provide ample 16.52x coverage of acquisition spending 50040, enabling strategic growth opportunities.

Bear case

  • Operating cash flow of (6.99M) barely covers its investment activities of 65276, with a coverage ratio of -107.09, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Operating cash flow of (6.99M) provides insufficient coverage of deferred revenue obligations of 33000, which is -211.83x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (6.99M) shows concerning coverage of stock compensation expenses of 141887, with a -49.27 ratio indicating potential earnings quality issues.
  • High receivables of 3.05M relative to inventory of 483345 (6.31 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.
  • Operating cash flow of (6.99M) provides minimal -142661.80x coverage of tax expenses of 49, suggesting potential tax planning inefficiencies or unsustainable tax positions.

Peer comparison

Companies in the Specialty Industrial Machinery
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 GEV GE Vernova Inc. 224.93 Bn 194.57 6.14 0.00 Bn
2 ETN Eaton Corp plc 153.13 Bn 38.99 5.75 11.22 Bn
3 PH Parker-Hannifin Corp 135.87 Bn 165.29 12.09 9.87 Bn
4 EMR Emerson Electric Co 111.68 Bn 47.10 4.65 13.41 Bn
5 ITW Illinois Tool Works Inc 86.68 Bn 28.27 5.40 8.97 Bn
6 CMI Cummins Inc 82.13 Bn 28.89 2.44 7.55 Bn
7 AME Ametek Inc/ 53.79 Bn 36.34 7.27 2.28 Bn
8 ROK Rockwell Automation, Inc 43.80 Bn 44.24 5.11 3.68 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.13 2.28
EV to Cash from Ops. EV/CFO -0.28 37.14
EV to Debt EV to Debt 0.52 34.39
EV to EBIT EV/EBIT -1.15 27.71
EV to EBITDA EV/EBITDA -0.71 25.34
EV to Free Cash Flow [EV/FCF] EV/FCF -0.28 133.36
EV to Market Cap EV to Market Cap 0.94 1.04
EV to Revenue EV/Rev 0.85 39.88
Price to Book Value [P/B] P/B 0.29 6.22
Price to Earnings [P/E] P/E -0.47 143.63
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 2.57
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 15.73
Dividend per Basic Share Div per Share (Qtr) 0.00 0.91
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 82.53
Interest Coverage Int. cover (Qtr) -0.62 12.34
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % -173.19 -45.99
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 1,772.72 118.48
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 10.01
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 68.70 -283.03
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 31.88 -36.87
EBIT Growth (1y) % EBIT 1y % (Qtr) 68.59 -80.72
EBT Growth (1y) % EBT 1y % (Qtr) 34.49 -120.93
EPS Growth (1y) % EPS 1y % (Qtr) 48.95 -39.22
FCF Growth (1y) % FCF 1y % (Qtr) -87.54 85.55
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 1,124.36 0.87
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.15 0.62
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.10
Cash Ratio Cash Ratio (Qtr) 0.11 3.01
Current Ratio Curr Ratio (Qtr) 1.20 4.97
Debt to Equity Ratio Debt/Equity (Qtr) 0.52 0.38
Interest Cover Ratio Int Coverage (Qtr) -0.62 12.34
Times Interest Earned Times Interest Earned (Qtr) -0.62 12.34
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -73.10 -7,291.27
EBIT Margin % EBIT Margin % (Qtr) -73.59 -7,413.30
EBT Margin % EBT Margin % (Qtr) -191.74 -9,015.79
Gross Margin % Gross Margin % (Qtr) 58.70 -32.61
Net Profit Margin % Net Margin % (Qtr) -191.70 -7,962.06