View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsGenex Power 향후 성장Future 기준 점검 2/6Genex Power (는) 각각 연간 14% 및 58.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 12.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 -3.5% 로 예상됩니다.핵심 정보14.0%이익 성장률12.19%EPS 성장률Renewable Energy 이익 성장12.9%매출 성장률58.1%향후 자기자본이익률-3.47%애널리스트 커버리지Low마지막 업데이트26 Feb 2024최근 향후 성장 업데이트Breakeven Date Change • Feb 01Forecast breakeven date pushed back to 2026The 2 analysts covering Genex Power previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$300.0k in 2026.Breakeven Date Change • Aug 25No longer forecast to breakevenThe 2 analysts covering Genex Power no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$33.0m in 2026. New consensus forecast suggests the company will make a loss of AU$1.90m in 2026.Breakeven Date Change • Nov 10Forecast breakeven date moved forward to 2023The 2 analysts covering Genex Power previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$5.30m in 2023.Breakeven Date Change • Jul 27Forecast to breakeven in 2025The 3 analysts covering Genex Power expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$17.3m in 2025. Average annual earnings growth of 23% is required to achieve expected profit on schedule.Breakeven Date Change • Jul 01Forecast to breakeven in 2025The 3 analysts covering Genex Power expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$11.7m in 2025. Average annual earnings growth of 47% is required to achieve expected profit on schedule.Breakeven Date Change • Nov 24No longer forecast to breakevenThe 3 analysts covering Genex Power no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.00m in 2024. New consensus forecast suggests the company will make a loss of AU$13.4m in 2024.모든 업데이트 보기Recent updates공시 • Aug 02Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of remaining 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others.Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million on February 5, 2024. Potential Transaction will be funded by Electric Power Development Co., Ltd.’s existing cash reserves and debt facilities. Transaction is subject to Due diligence investigation, approval from Genex Power Limited's shareholders and Subject to court approval and the receipt of all necessary regulatory approvals, including approval from the Foreign Investment Review Board. As of March 30, 2024, J-POWER reconfirmed the Indicative Proposal to Genex and also confirmed it had completed its due diligence on Genex. On April 2, 2024, Genex announced to the ASX that Genex had agreed to extend the Exclusivity Period under the Confidentiality and Exclusivity Deed to Monday, 8 April 2024 to allow additional time for the parties to negotiate an Implementation Agreement for the Potential Scheme. The finalisation of the Implementation Agreement remains subject to the Genex IBC’s approval and J-POWER’s final internal approvals. Accordingly, following a request from J-POWER, Genex has agreed to a further extension of the Exclusivity Period under the Confidentiality and Exclusivity Deed to 5.00pm (AEST) on Monday, 15 April 20242 to allow additional time for the Implementation Agreement to be finalised and J-POWER to obtain the required internal approvals. As of April 12, 2024, board of directors of Genex Power Limited unanimously recommends that Genex Power Limited shareholders vote in favor of the Scheme at the Scheme Meeting. As of June 14, 2024, the Foreign Investment Review Board has approved the transaction. As of July 19, 2024, he transaction is approved by Supreme Court of New South Wales. The transaction is expected to complete in late July 2024. As per the transaction, Genex will be required to pay a break fee to J-POWER and J-POWER will be required to pay a reverse break fee to Genex. The amount of each of the break fee and the reverse break fee, should either become payable is AUD 3.5 million. Goldman Sachs Australia Pty Ltd acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Genex Power Limited. Macquarie Capital Securities (Japan) Limited acted as financial advisor to J-Power. MinterEllison acted as legal advisor to Electric Power Development Co., Ltd. Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of remaining 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others on July 31, 2024.공시 • Apr 23Genex Power Limited to Report Q3, 2024 Results on Apr 29, 2024Genex Power Limited announced that they will report Q3, 2024 results on Apr 29, 2024공시 • Mar 06Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million.Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million on February 5, 2024. Potential Transaction will be funded by Electric Power Development Co., Ltd.’s existing cash reserves and debt facilities. Transaction is subject to Due diligence investigation, approval from Genex Power Limited's shareholders and Subject to court approval and the receipt of all necessary regulatory approvals, including approval from the Foreign Investment Review Board. Goldman Sachs Australia Pty Ltd acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Genex Power Limited.New Risk • Feb 27New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$5.3m Forecast net loss in 2 years: AU$6.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$166m free cash flow). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$6.2m net loss in 2 years).Breakeven Date Change • Feb 01Forecast breakeven date pushed back to 2026The 2 analysts covering Genex Power previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$300.0k in 2026.New Risk • Oct 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$237m free cash flow). Earnings are forecast to decline by an average of 11% per year for the foreseeable future.New Risk • Oct 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$237m free cash flow). Earnings are forecast to decline by an average of 16% per year for the foreseeable future.공시 • Oct 05Genex Power Limited, Annual General Meeting, Nov 20, 2023Genex Power Limited, Annual General Meeting, Nov 20, 2023, at 09:30 AUS Eastern Standard Time. Location: offices of Allens, Deutsche Bank Place - Corner Hunter and Phillip Streets, Level 28 126 Phillip Street Sydney New South Wales Australia Agenda: To receive and consider the consolidated financial report of the Company (which includes the financial statements and the Directors' Report and the Auditor's Report) for the financial year ended 30 June 2023; to consider the adoption of Remuneration Report; to consider the increase in Aggregate Maximum Amount of Non-Executive Directors's Fees; to consider the conditional Board Spill Resolution pursuant to section 250V of the Corporations Act; and to consider the additional Placement Capacity.Breakeven Date Change • Aug 25No longer forecast to breakevenThe 2 analysts covering Genex Power no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$33.0m in 2026. New consensus forecast suggests the company will make a loss of AU$1.90m in 2026.Reported Earnings • Aug 25Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2022)Full year 2023 results: AU$0.001 loss per share (improved from AU$0.003 loss in FY 2022). Revenue: AU$24.6m (flat on FY 2022). Net loss: AU$1.03m (loss narrowed 75% from FY 2022). Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.공시 • Aug 24Genex Power Limited to Report Fiscal Year 2023 Results on Aug 25, 2023Genex Power Limited announced that they will report fiscal year 2023 results on Aug 25, 2023공시 • Aug 01Genex Power Limited Announces Appointment of Patrick Mccarthy to Chief Financial OfficerGenex Power Limited announced the appointment of Patrick McCarthy to the position of Chief Financial Officer (CFO) of Genex, commencing on 16 October 2023. Patrick is an experienced energy executive, having been involved in the renewable energy sector in Australia and the UK since 2009. A Chartered Accountant, he has previously worked at ASX-listed Infigen Energy Ltd. (acquired by Iberdrola) and Macquarie Asset Management (Green Investment Group), where he was involved in the acquisition of the Green Investment Bank by Macquarie Group and subsequently as Head of Finance for renewable energy investments (comprising $6Bn in assets under management). Most recently, Patrick has worked at Brighte Energy and at Elgin Energy Australia. Originally from Ireland, Patrick holds a Bachelor of Commerce (Accounting) from University of Dublin and is a Chartered Tax Adviser with the Irish Taxation Institute.공시 • May 10Genex Power Limited Announces Executive ChangesGenex Power Limited announced the appointment of Craig Francis as the company's new chief executive officer (CEO), effective from 1 September 2023. Craig, currently the company's chief financial officer (CFO), will succeed James Harding who will retire from the role on 31 August 2023 after five years as CEO. Following his retirement, James will continue to support the company as a consultant to ensure a smooth transition period. The company has commenced the search for a replacement CFO and an announcement regarding this appointment is expected to be made in the coming months. Craig is an experienced leader with deep knowledge of the energy sector. He joined the company in 2017 to lead the commercial development of the Company's portfolio and was promoted to CFO in 2021. During his time with the company, Craig has been a core part of the leadership team and has been instrumental in delivering the Company's portfolio to its current level of maturity. Prior to the company, Craig was part of the corporate finance team at Cantor Fitzgerald Europe in the UK where he focused on advising clients in the energy and natural resources sectors. Craig has also worked at boutique corporate finance advisers RFC Ambrian and Helmsec Global Capital in London and Sydney. James Harding joined the company as Executive General Manager in 2016 and was appointed CEO in May 2018.Board Change • Mar 23Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Teresa Dyson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Teresa Dyson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Breakeven Date Change • Nov 10Forecast breakeven date moved forward to 2023The 2 analysts covering Genex Power previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$5.30m in 2023.Board Change • Nov 01Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Teresa Dyson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Breakeven Date Change • Jul 27Forecast to breakeven in 2025The 3 analysts covering Genex Power expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$17.3m in 2025. Average annual earnings growth of 23% is required to achieve expected profit on schedule.Breakeven Date Change • Jul 01Forecast to breakeven in 2025The 3 analysts covering Genex Power expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$11.7m in 2025. Average annual earnings growth of 47% is required to achieve expected profit on schedule.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Teresa Dyson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 02First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: AU$0.005 loss per share (up from AU$0.008 loss in 1H 2021). Revenue: AU$9.44m (up 66% from 1H 2021). Net loss: AU$4.41m (loss widened 31% from 1H 2021). Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 63%, compared to a 53% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 17% per year.Breakeven Date Change • Nov 24No longer forecast to breakevenThe 3 analysts covering Genex Power no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.00m in 2024. New consensus forecast suggests the company will make a loss of AU$13.4m in 2024.Recent Insider Transactions • Nov 04Executive Director recently sold AU$2.2m worth of stockOn the 1st of November, Simon R. Kidston sold around 10m shares on-market at roughly AU$0.22 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Aug 29Full year 2021 earnings releasedThe company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$21.7m (up 111% from FY 2020). Net loss: AU$18.7m (loss widened 78% from FY 2020).Reported Earnings • Mar 02First half 2021 earnings released: AU$0.008 loss per share (vs AU$0.02 loss in 1H 2020)First half 2021 results: Net loss: AU$3.37m (loss narrowed 60% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 04New 90-day high: AU$0.28The company is up 57% from its price of AU$0.17 on 06 November 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.25 per share.Is New 90 Day High Low • Jan 15New 90-day high: AU$0.25The company is up 35% from its price of AU$0.18 on 16 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.23 per share.Is New 90 Day High Low • Dec 31New 90-day high: AU$0.23The company is up 18% from its price of AU$0.20 on 02 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.24 per share.Is New 90 Day High Low • Dec 09New 90-day high: AU$0.21The company is up 5.0% from its price of AU$0.20 on 11 September 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.20 per share.이익 및 매출 성장 예측CHIA:GNX - 애널리스트 향후 추정치 및 과거 재무 데이터 (AUD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/2026880N/A6116/30/202562-13N/A4116/30/202426-2N/A16112/31/202320-5-166-3N/A9/30/202322-3-2011N/A6/30/202324-1-2374N/A3/31/2023260-2598N/A12/31/2022281-28212N/A9/30/202226-1-2569N/A6/30/202225-4-2317N/A3/31/202220-12-215-1N/A12/31/202114-20-198-9N/A9/30/202113-19-178-7N/A6/30/202111-19-158-5N/A3/31/202111-12-117-1N/A12/31/202011-5-752N/A9/30/202011-8-58-1N/A6/30/202010-11-42-4N/A3/31/202010-11-36-4N/A12/31/201910-12-29-4N/A9/30/201910-9-20-2N/A6/30/201911-5-121N/A3/31/201913-4-124N/A12/31/201814-3-137N/A9/30/201811-5-510N/A6/30/20188-7-89-6N/A3/31/20184-9-103-12N/A12/31/2017N/A-10-116-18N/A9/30/2017N/A-8N/A-13N/A6/30/2017N/A-7N/A-8N/A3/31/20170-7N/A-8N/A12/31/20160-7N/A-7N/A9/30/20160-8N/A-7N/A6/30/2016N/A-8N/A-8N/A3/31/20160-6N/A-7N/A12/31/20150-5N/A-4N/A9/30/20150-4N/A-3N/A6/30/20150-3N/A-2N/A6/30/20140-1N/A-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: GNX 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: GNX 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: GNX 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: GNX 의 수익(연간 58.1%)이 Australian 시장(연간 6.2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: GNX 의 수익(연간 58.1%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: GNX는 3년 뒤에도 수익성이 없을 것으로 전망됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/08/02 04:08종가2024/08/02 00:00수익2023/12/31연간 수익2023/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Genex Power Limited는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관James BullenCanaccord GenuityFiona BuchananMorgans Financial LimitedMax VickersonMorgans Financial Limited
Breakeven Date Change • Feb 01Forecast breakeven date pushed back to 2026The 2 analysts covering Genex Power previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$300.0k in 2026.
Breakeven Date Change • Aug 25No longer forecast to breakevenThe 2 analysts covering Genex Power no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$33.0m in 2026. New consensus forecast suggests the company will make a loss of AU$1.90m in 2026.
Breakeven Date Change • Nov 10Forecast breakeven date moved forward to 2023The 2 analysts covering Genex Power previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$5.30m in 2023.
Breakeven Date Change • Jul 27Forecast to breakeven in 2025The 3 analysts covering Genex Power expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$17.3m in 2025. Average annual earnings growth of 23% is required to achieve expected profit on schedule.
Breakeven Date Change • Jul 01Forecast to breakeven in 2025The 3 analysts covering Genex Power expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$11.7m in 2025. Average annual earnings growth of 47% is required to achieve expected profit on schedule.
Breakeven Date Change • Nov 24No longer forecast to breakevenThe 3 analysts covering Genex Power no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.00m in 2024. New consensus forecast suggests the company will make a loss of AU$13.4m in 2024.
공시 • Aug 02Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of remaining 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others.Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million on February 5, 2024. Potential Transaction will be funded by Electric Power Development Co., Ltd.’s existing cash reserves and debt facilities. Transaction is subject to Due diligence investigation, approval from Genex Power Limited's shareholders and Subject to court approval and the receipt of all necessary regulatory approvals, including approval from the Foreign Investment Review Board. As of March 30, 2024, J-POWER reconfirmed the Indicative Proposal to Genex and also confirmed it had completed its due diligence on Genex. On April 2, 2024, Genex announced to the ASX that Genex had agreed to extend the Exclusivity Period under the Confidentiality and Exclusivity Deed to Monday, 8 April 2024 to allow additional time for the parties to negotiate an Implementation Agreement for the Potential Scheme. The finalisation of the Implementation Agreement remains subject to the Genex IBC’s approval and J-POWER’s final internal approvals. Accordingly, following a request from J-POWER, Genex has agreed to a further extension of the Exclusivity Period under the Confidentiality and Exclusivity Deed to 5.00pm (AEST) on Monday, 15 April 20242 to allow additional time for the Implementation Agreement to be finalised and J-POWER to obtain the required internal approvals. As of April 12, 2024, board of directors of Genex Power Limited unanimously recommends that Genex Power Limited shareholders vote in favor of the Scheme at the Scheme Meeting. As of June 14, 2024, the Foreign Investment Review Board has approved the transaction. As of July 19, 2024, he transaction is approved by Supreme Court of New South Wales. The transaction is expected to complete in late July 2024. As per the transaction, Genex will be required to pay a break fee to J-POWER and J-POWER will be required to pay a reverse break fee to Genex. The amount of each of the break fee and the reverse break fee, should either become payable is AUD 3.5 million. Goldman Sachs Australia Pty Ltd acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Genex Power Limited. Macquarie Capital Securities (Japan) Limited acted as financial advisor to J-Power. MinterEllison acted as legal advisor to Electric Power Development Co., Ltd. Electric Power Development Co., Ltd. (TSE:9513) completed the acquisition of remaining 92.28% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others on July 31, 2024.
공시 • Apr 23Genex Power Limited to Report Q3, 2024 Results on Apr 29, 2024Genex Power Limited announced that they will report Q3, 2024 results on Apr 29, 2024
공시 • Mar 06Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million.Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million on February 5, 2024. Potential Transaction will be funded by Electric Power Development Co., Ltd.’s existing cash reserves and debt facilities. Transaction is subject to Due diligence investigation, approval from Genex Power Limited's shareholders and Subject to court approval and the receipt of all necessary regulatory approvals, including approval from the Foreign Investment Review Board. Goldman Sachs Australia Pty Ltd acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Genex Power Limited.
New Risk • Feb 27New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$5.3m Forecast net loss in 2 years: AU$6.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$166m free cash flow). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$6.2m net loss in 2 years).
Breakeven Date Change • Feb 01Forecast breakeven date pushed back to 2026The 2 analysts covering Genex Power previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$300.0k in 2026.
New Risk • Oct 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$237m free cash flow). Earnings are forecast to decline by an average of 11% per year for the foreseeable future.
New Risk • Oct 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$237m free cash flow). Earnings are forecast to decline by an average of 16% per year for the foreseeable future.
공시 • Oct 05Genex Power Limited, Annual General Meeting, Nov 20, 2023Genex Power Limited, Annual General Meeting, Nov 20, 2023, at 09:30 AUS Eastern Standard Time. Location: offices of Allens, Deutsche Bank Place - Corner Hunter and Phillip Streets, Level 28 126 Phillip Street Sydney New South Wales Australia Agenda: To receive and consider the consolidated financial report of the Company (which includes the financial statements and the Directors' Report and the Auditor's Report) for the financial year ended 30 June 2023; to consider the adoption of Remuneration Report; to consider the increase in Aggregate Maximum Amount of Non-Executive Directors's Fees; to consider the conditional Board Spill Resolution pursuant to section 250V of the Corporations Act; and to consider the additional Placement Capacity.
Breakeven Date Change • Aug 25No longer forecast to breakevenThe 2 analysts covering Genex Power no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$33.0m in 2026. New consensus forecast suggests the company will make a loss of AU$1.90m in 2026.
Reported Earnings • Aug 25Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2022)Full year 2023 results: AU$0.001 loss per share (improved from AU$0.003 loss in FY 2022). Revenue: AU$24.6m (flat on FY 2022). Net loss: AU$1.03m (loss narrowed 75% from FY 2022). Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Global Renewable Energy industry. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
공시 • Aug 24Genex Power Limited to Report Fiscal Year 2023 Results on Aug 25, 2023Genex Power Limited announced that they will report fiscal year 2023 results on Aug 25, 2023
공시 • Aug 01Genex Power Limited Announces Appointment of Patrick Mccarthy to Chief Financial OfficerGenex Power Limited announced the appointment of Patrick McCarthy to the position of Chief Financial Officer (CFO) of Genex, commencing on 16 October 2023. Patrick is an experienced energy executive, having been involved in the renewable energy sector in Australia and the UK since 2009. A Chartered Accountant, he has previously worked at ASX-listed Infigen Energy Ltd. (acquired by Iberdrola) and Macquarie Asset Management (Green Investment Group), where he was involved in the acquisition of the Green Investment Bank by Macquarie Group and subsequently as Head of Finance for renewable energy investments (comprising $6Bn in assets under management). Most recently, Patrick has worked at Brighte Energy and at Elgin Energy Australia. Originally from Ireland, Patrick holds a Bachelor of Commerce (Accounting) from University of Dublin and is a Chartered Tax Adviser with the Irish Taxation Institute.
공시 • May 10Genex Power Limited Announces Executive ChangesGenex Power Limited announced the appointment of Craig Francis as the company's new chief executive officer (CEO), effective from 1 September 2023. Craig, currently the company's chief financial officer (CFO), will succeed James Harding who will retire from the role on 31 August 2023 after five years as CEO. Following his retirement, James will continue to support the company as a consultant to ensure a smooth transition period. The company has commenced the search for a replacement CFO and an announcement regarding this appointment is expected to be made in the coming months. Craig is an experienced leader with deep knowledge of the energy sector. He joined the company in 2017 to lead the commercial development of the Company's portfolio and was promoted to CFO in 2021. During his time with the company, Craig has been a core part of the leadership team and has been instrumental in delivering the Company's portfolio to its current level of maturity. Prior to the company, Craig was part of the corporate finance team at Cantor Fitzgerald Europe in the UK where he focused on advising clients in the energy and natural resources sectors. Craig has also worked at boutique corporate finance advisers RFC Ambrian and Helmsec Global Capital in London and Sydney. James Harding joined the company as Executive General Manager in 2016 and was appointed CEO in May 2018.
Board Change • Mar 23Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Teresa Dyson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Teresa Dyson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Breakeven Date Change • Nov 10Forecast breakeven date moved forward to 2023The 2 analysts covering Genex Power previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$5.30m in 2023.
Board Change • Nov 01Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Teresa Dyson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Breakeven Date Change • Jul 27Forecast to breakeven in 2025The 3 analysts covering Genex Power expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$17.3m in 2025. Average annual earnings growth of 23% is required to achieve expected profit on schedule.
Breakeven Date Change • Jul 01Forecast to breakeven in 2025The 3 analysts covering Genex Power expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$11.7m in 2025. Average annual earnings growth of 47% is required to achieve expected profit on schedule.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Teresa Dyson was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 02First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: AU$0.005 loss per share (up from AU$0.008 loss in 1H 2021). Revenue: AU$9.44m (up 66% from 1H 2021). Net loss: AU$4.41m (loss widened 31% from 1H 2021). Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 63%, compared to a 53% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 17% per year.
Breakeven Date Change • Nov 24No longer forecast to breakevenThe 3 analysts covering Genex Power no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.00m in 2024. New consensus forecast suggests the company will make a loss of AU$13.4m in 2024.
Recent Insider Transactions • Nov 04Executive Director recently sold AU$2.2m worth of stockOn the 1st of November, Simon R. Kidston sold around 10m shares on-market at roughly AU$0.22 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Aug 29Full year 2021 earnings releasedThe company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$21.7m (up 111% from FY 2020). Net loss: AU$18.7m (loss widened 78% from FY 2020).
Reported Earnings • Mar 02First half 2021 earnings released: AU$0.008 loss per share (vs AU$0.02 loss in 1H 2020)First half 2021 results: Net loss: AU$3.37m (loss narrowed 60% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 04New 90-day high: AU$0.28The company is up 57% from its price of AU$0.17 on 06 November 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.25 per share.
Is New 90 Day High Low • Jan 15New 90-day high: AU$0.25The company is up 35% from its price of AU$0.18 on 16 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.23 per share.
Is New 90 Day High Low • Dec 31New 90-day high: AU$0.23The company is up 18% from its price of AU$0.20 on 02 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.24 per share.
Is New 90 Day High Low • Dec 09New 90-day high: AU$0.21The company is up 5.0% from its price of AU$0.20 on 11 September 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.20 per share.