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GGX

Gas2GridASX:GGX Stock Report

Market Cap

AU$14.3m

7D

0%

1Y

50.0%

Updated

18 Oct, 2021

Data

Company Financials
GGX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

GGX Overview

Gas2Grid Limited operates as the petroleum exploration company in Australia, the Philippines, and France.

Price History & Performance

Summary of all time highs, changes and price drops for Gas2Grid
Historical stock prices
Current Share PriceAU$0.003
52 Week HighAU$0.002
52 Week LowAU$0.015
Beta2.11
1 Month Change0%
3 Month Change20.00%
1 Year Change50.00%
3 Year Change-25.00%
5 Year Change0%
Change since IPO-98.50%

Recent News & Updates

Shareholder Returns

GGXAU Oil and GasAU Market
7D0%0.5%0.9%
1Y50.0%48.9%20.2%

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.

Price Volatility

Is GGX's price volatile compared to industry and market?
GGX volatility
GGX Beta2.11
Industry Beta1.28
Market Beta1

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

FoundedEmployeesCEOWebsite
2004n/aDennis Mortonhttps://www.gas2grid.com

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

How do Gas2Grid's earnings and revenue compare to its market cap?
GGX fundamental statistics
Market CapAU$14.31m
Earnings (TTM)-AU$1.93m
Revenue (TTM)n/a

0x

P/S Ratio

-6.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GGX income statement (TTM)
RevenueAU$0
Cost of RevenueAU$58.94k
Gross Profit-AU$58.94k
ExpensesAU$1.88m
Earnings-AU$1.93m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00047
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-46.4%

How did GGX perform over the long term?

See historical performance and comparison

Valuation

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.


Future Growth

How is Gas2Grid forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.8%

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.


Past Performance

How has Gas2Grid performed over the past 5 years?

48.3%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

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

13.6yrs

Average board tenure


CEO

Dennis Morton

13.58yrs

Tenure

AU$145,000

Compensation

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.


Board Members

Experienced Board: GGX's board of directors are seasoned and experienced ( 13.6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 208.8%.


Top Shareholders

Company Information

Gas2Grid Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Gas2Grid Limited
  • 58 Pitt Street
  • Suite 22
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:04
End of Day Share Price2021/10/18 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.