Gas2Grid Limited operates as the petroleum exploration company in Australia, the Philippines, and France.
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Slightly overvalued with weak fundamentals.
Share Price & News
How has Gas2Grid's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GGX's share price has been volatile over the past 3 months.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: GGX underperformed the Australian Oil and Gas industry which returned -41.3% over the past year.
Return vs Market: GGX underperformed the Australian Market which returned -19.1% over the past year.
Price Volatility Vs. Market
How volatile is Gas2Grid's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StWhat Type Of Shareholder Owns Gas2Grid Limited's (ASX:GGX)?
1 month ago | Simply Wall StWhy Gas2Grid Limited's (ASX:GGX) CEO Pay Matters To You
2 months ago | Simply Wall StShould You Take Comfort From Insider Transactions At Gas2Grid Limited (ASX:GGX)?
Is Gas2Grid undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GGX (A$0) is trading below our estimate of fair value (A$0)
Significantly Below Fair Value: GGX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GGX is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: GGX is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GGX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GGX has negative assets, so we can't compare its PB Ratio to the AU Oil and Gas industry average.
How is Gas2Grid 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 Gas2Grid 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.
- Take a look at our analysis of GGX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Gas2Grid competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Gas2Grid performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GGX is currently unprofitable.
Growing Profit Margin: GGX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GGX is unprofitable, but has reduced losses over the past 5 years at a rate of 36.3% per year.
Accelerating Growth: Unable to compare GGX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GGX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-16%).
Return on Equity
High ROE: GGX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Gas2Grid's financial position?
Financial Position Analysis
Short Term Liabilities: GGX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GGX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GGX has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GGX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GGX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GGX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Gas2Grid's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GGX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GGX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GGX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GGX'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 GGX'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?
Average board tenure
Mr. Dennis James Morton, BSc (Hons), served as Non-executive Director at International Base Metals Limited since January 23, 2018 until 2019. He has been the Managing Director at Gas2grid Limited since Mar ...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD87.13K) is below average for companies of similar size in the Australian market ($USD238.47K).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
|Non Executive Chairman & Operations Consultant||15.33yrs||AU$35.00k||4.68% A$60.8k|
|MD & Executive Director||12.08yrs||AU$145.00k||16.44% A$213.6k|
|CFO, Company Secretary & Executive Director||10.5yrs||AU$165.40k||10.05% A$130.6k|
Experienced Board: GGX's board of directors are seasoned and experienced ( 12.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.4%.
Gas2Grid Limited's company bio, employee growth, exchange listings and data sources
- Name: Gas2Grid Limited
- Ticker: GGX
- Exchange: ASX
- Founded: 2004
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$1.299m
- Shares outstanding: 1.30b
- Website: https://www.gas2grid.com
- Gas2Grid Limited
- 58 Pitt Street
- Suite 22
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GGX||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||May 2005|
|GGX||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||May 2005|
Gas2Grid Limited operates as the petroleum exploration company in Australia, the Philippines, and France. The company holds a 100% interest in the Service Contract 44 covering an area of approximately 750 square kilometers located on Cebu Island, the Philippines; and St Griede license covering an area of approximately 652 square kilometers located in onshore Aquitaine Basin, France. Gas2Grid Limited was founded in 2004 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 10:40|
|End of Day Share Price||2020/04/07 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.