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GGE

Grand Gulf EnergyASX:GGE Stock Report

Market Cap

AU$49.7m

7D

27.3%

1Y

500.0%

Updated

20 Oct, 2021

Data

Company Financials
GGE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

GGE Overview

Grand Gulf Energy Limited explores for and produces oil and gas leases in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Grand Gulf Energy
Historical stock prices
Current Share PriceAU$0.042
52 Week HighAU$0.006
52 Week LowAU$0.045
Beta1.14
1 Month Change61.54%
3 Month Change320.00%
1 Year Change500.00%
3 Year Change425.00%
5 Year Change250.00%
Change since IPO-97.73%

Recent News & Updates

Jan 13
Does Grand Gulf Energy's (ASX:GGE) CEO Salary Compare Well With Industry Peers?

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...

Nov 21
Is Grand Gulf Energy Limited's(ASX:GGE) Recent Stock Performance Tethered To Its Strong Fundamentals?

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...

Shareholder Returns

GGEAU Oil and GasAU Market
7D27.3%0.2%1.7%
1Y500.0%48.7%20.2%

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.

Price Volatility

Is GGE's price volatile compared to industry and market?
GGE volatility
GGE Beta1.14
Industry Beta1.28
Market Beta1

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

FoundedEmployeesCEOWebsite
1996n/aKeith Martenshttps://www.grandgulfenergy.com

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

How do Grand Gulf Energy's earnings and revenue compare to its market cap?
GGE fundamental statistics
Market CapAU$49.71m
Earnings (TTM)AU$115.22k
Revenue (TTM)AU$1.14m

466.7x

P/E Ratio

43.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GGE income statement (TTM)
RevenueAU$1.14m
Cost of RevenueAU$563.42k
Gross ProfitAU$577.48k
ExpensesAU$462.26k
EarningsAU$115.22k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.00009
Gross Margin50.62%
Net Profit Margin10.10%
Debt/Equity Ratio0.0%

How did GGE perform over the long term?

See historical performance and comparison

Valuation

Is Grand Gulf Energy undervalued compared to its fair value and its price relative to the market?

466.67x

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).


Future Growth

How is Grand Gulf Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.1%

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.


Past Performance

How has Grand Gulf Energy performed over the past 5 years?

63.8%

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.


Financial Health

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.


Balance Sheet


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Keith Martens (68 yo)

no data

Tenure

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...


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 208.4%.


Top Shareholders

Company Information

Grand Gulf Energy Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Grand Gulf Energy Limited
  • 246-250 Railway Parade
  • Suite 4
  • West Leederville
  • Western Australia
  • 6007
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:25
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.