Gas2Grid Limited operates as the petroleum exploration company in Australia, the Philippines, and France.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.003|
|52 Week High||AU$0.002|
|52 Week Low||AU$0.015|
|1 Month Change||0%|
|3 Month Change||20.00%|
|1 Year Change||50.00%|
|3 Year Change||-25.00%|
|5 Year Change||0%|
|Change since IPO||-98.50%|
Recent News & Updates
|GGX||AU Oil and Gas||AU Market|
Return vs Industry: GGX exceeded the Australian Oil and Gas industry which returned 48.9% over the past year.
Return vs Market: GGX exceeded the Australian Market which returned 20.2% over the past year.
Stable Share Price: GGX is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 31% a week.
Volatility Over Time: GGX's weekly volatility has decreased from 36% to 31% over the past year, but is still higher than 75% of Australian stocks.
About the Company
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 located in onshore Aquitaine Basin, France. Gas2Grid Limited was founded in 2004 and is headquartered in Sydney, Australia.
Gas2Grid Fundamentals Summary
|GGX fundamental statistics|
Is GGX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GGX income statement (TTM)|
|Cost of Revenue||AU$58.94k|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00047|
|Net Profit Margin||0.00%|
How did GGX perform over the long term?See historical performance and comparison
Is Gas2Grid undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Gas2Grid is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Gas2Grid has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
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.
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 48.3% 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 (-50.5%).
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 sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: GGX has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 13.4% each year.
What is Gas2Grid 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 recent payouts.
High Dividend: Unable to evaluate GGX'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 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), serves as Non-Executive Director at High Grade Metals Ltd since July 7, 2020. He served as Non-executive Director at International Base Metals Limited since January 23,...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD107.62K) is below average for companies of similar size in the Australian market ($USD302.72K).
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
Experienced Board: GGX's board of directors are seasoned and experienced ( 13.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GGX 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 208.8%.
Gas2Grid Limited's 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$14.312m
- Shares outstanding: 4.09b
- Website: https://www.gas2grid.com
- Gas2Grid Limited
- 58 Pitt Street
- Suite 22
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 07:04|
|End of Day Share Price||2021/10/18 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.