Grand Gulf Energy Limited explores for and produces oil and gas leases in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.042|
|52 Week High||AU$0.006|
|52 Week Low||AU$0.045|
|1 Month Change||61.54%|
|3 Month Change||320.00%|
|1 Year Change||500.00%|
|3 Year Change||425.00%|
|5 Year Change||250.00%|
|Change since IPO||-97.73%|
Recent News & Updates
Does Grand Gulf Energy's (ASX:GGE) CEO Salary Compare Well With Industry Peers?
Mark Freeman has been the CEO of Grand Gulf Energy Limited ( ASX:GGE ) since 2010, and this article will examine the...
Is Grand Gulf Energy Limited's(ASX:GGE) Recent Stock Performance Tethered To Its Strong Fundamentals?
Grand Gulf Energy's (ASX:GGE) stock is up by a considerable 50% over the past three months. Given that the market...
|GGE||AU Oil and Gas||AU Market|
Return vs Industry: GGE exceeded the Australian Oil and Gas industry which returned 48.7% over the past year.
Return vs Market: GGE exceeded the Australian Market which returned 20.2% over the past year.
Stable Share Price: GGE is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 27% a week.
Volatility Over Time: GGE's weekly volatility (27%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Grand Gulf Energy Limited explores for and produces oil and gas leases in the United States. It holds interest in the Desiree field; the Dugas and Leblanc #3 well; and the DJ Basin covering an area of 355 net acres in Weld County, Colorado. The company was formerly known as Alto Energy International Limited and changed its name to Grand Gulf Energy Limited in June 2007.
Grand Gulf Energy Fundamentals Summary
|GGE fundamental statistics|
Is GGE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GGE income statement (TTM)|
|Cost of Revenue||AU$563.42k|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.00009|
|Net Profit Margin||10.10%|
How did GGE perform over the long term?See historical performance and comparison
Is Grand Gulf Energy undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GGE (A$0.04) is trading above our estimate of fair value (A$0)
Significantly Below Fair Value: GGE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GGE is poor value based on its PE Ratio (466.7x) compared to the Australian Oil and Gas industry average (30.2x).
PE vs Market: GGE is poor value based on its PE Ratio (466.7x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GGE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GGE is overvalued based on its PB Ratio (18.5x) compared to the AU Oil and Gas industry average (2.5x).
How is Grand Gulf Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Grand Gulf Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Grand Gulf Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GGE has a large one-off gain of A$151.0K impacting its June 30 2021 financial results.
Growing Profit Margin: GGE's current net profit margins (10.1%) are lower than last year (20.2%).
Past Earnings Growth Analysis
Earnings Trend: GGE has become profitable over the past 5 years, growing earnings by 63.8% per year.
Accelerating Growth: GGE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GGE had negative earnings growth (-64.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-50.5%).
Return on Equity
High ROE: GGE's Return on Equity (4.3%) is considered low.
How is Grand Gulf Energy's financial position?
Financial Position Analysis
Short Term Liabilities: GGE's short term assets (A$1.3M) exceed its short term liabilities (A$135.6K).
Long Term Liabilities: GGE's short term assets (A$1.3M) exceed its long term liabilities (A$272.6K).
Debt to Equity History and Analysis
Debt Level: GGE is debt free.
Reducing Debt: GGE has no debt compared to 5 years ago when its debt to equity ratio was 0.03%.
Debt Coverage: GGE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GGE has no debt, therefore coverage of interest payments is not a concern.
What is Grand Gulf Energy current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GGE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GGE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GGE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GGE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GGE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Keith Martens (68 yo)
Mr. Keith Neil Martens, B.Sc. (Geophysics/Geology) serves as Chief Executive Officer, Technical Director and Director at Grand Gulf Energy Limited since October 11, 2021. Mr. Martens served as Technical Di...
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GGE insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 208.4%.
Grand Gulf Energy Limited's employee growth, exchange listings and data sources
- Name: Grand Gulf Energy Limited
- Ticker: GGE
- Exchange: ASX
- Founded: 1996
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$49.709m
- Shares outstanding: 1.18b
- Website: https://www.grandgulfenergy.com
Number of Employees
- Grand Gulf Energy Limited
- 246-250 Railway Parade
- Suite 4
- West Leederville
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:25|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.