GR Engineering Services Limited operates as an engineering, consulting, and contracting company that provides engineering design, procurement, and construction services to the mining and mineral processing industries in Australia and internationally. More Details
Excellent balance sheet average dividend payer.
Share Price & News
How has GR Engineering Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GNG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: GNG's weekly volatility (5%) has been stable over the past year.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: GNG exceeded the Australian Metals and Mining industry which returned 35.8% over the past year.
Return vs Market: GNG exceeded the Australian Market which returned 27.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is GR Engineering Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StGR Engineering Services Limited (ASX:GNG) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
4 weeks ago | Simply Wall StDoes GR Engineering Services (ASX:GNG) Have A Healthy Balance Sheet?
1 month ago | Simply Wall StDid Business Growth Power GR Engineering Services' (ASX:GNG) Share Price Gain of 116%?
Is GR Engineering Services 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: GNG (A$1.56) is trading below our estimate of fair value (A$2.42)
Significantly Below Fair Value: GNG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GNG is poor value based on its PE Ratio (19.3x) compared to the Australian Metals and Mining industry average (12.2x).
PE vs Market: GNG is good value based on its PE Ratio (19.3x) compared to the Australian market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: GNG is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: GNG is overvalued based on its PB Ratio (6.6x) compared to the AU Metals and Mining industry average (2.5x).
How is GR Engineering Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNG's forecast earnings growth (12.1% per year) is above the savings rate (1.9%).
Earnings vs Market: GNG's earnings (12.1% per year) are forecast to grow slower than the Australian market (13.7% per year).
High Growth Earnings: GNG's earnings are forecast to grow, but not significantly.
Revenue vs Market: GNG's revenue (4.1% per year) is forecast to grow slower than the Australian market (5.4% per year).
High Growth Revenue: GNG's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GNG's Return on Equity is forecast to be high in 3 years time (39.3%)
How has GR Engineering Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNG has high quality earnings.
Growing Profit Margin: GNG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GNG's earnings have declined by 39.7% per year over the past 5 years.
Accelerating Growth: GNG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GNG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (25.6%).
Return on Equity
High ROE: GNG's Return on Equity (34.2%) is considered high.
How is GR Engineering Services's financial position?
Financial Position Analysis
Short Term Liabilities: GNG's short term assets (A$109.3M) exceed its short term liabilities (A$82.7M).
Long Term Liabilities: GNG's short term assets (A$109.3M) exceed its long term liabilities (A$4.0M).
Debt to Equity History and Analysis
Debt Level: GNG's debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: GNG's debt to equity ratio has increased from 0.8% to 14% over the past 5 years.
Debt Coverage: GNG's debt is well covered by operating cash flow (717.4%).
Interest Coverage: GNG's interest payments on its debt are well covered by EBIT (79.4x coverage).
What is GR Engineering Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNG's dividend (6.41%) is higher than the bottom 25% of dividend payers in the Australian market (1.98%).
High Dividend: GNG's dividend (6.41%) is in the top 25% of dividend payers in the Australian market (5%)
Stability and Growth of Payments
Stable Dividend: GNG's dividend payments have been volatile in the past 10 years.
Growing Dividend: GNG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (111.3%), GNG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GNG's dividends in 3 years are forecast to be covered by earnings (75.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Geoff Jones (59 yo)
Mr. Geoffrey Michael Jones, also known as Geoff, BE(Civil), FIEAust, CPEng, has been Managing Director of GR Engineering Services Limited since July 1, 2013. Mr. Jones is a civil engineer with great experi...
CEO Compensation Analysis
Compensation vs Market: Geoff's total compensation ($USD526.93K) is about average for companies of similar size in the Australian market ($USD476.37K).
Compensation vs Earnings: Geoff's compensation has been consistent with company performance over the past year.
Experienced Management: GNG's management team is considered experienced (3.5 years average tenure).
Experienced Board: GNG's board of directors are considered experienced (7.4 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 4.5%.
GR Engineering Services Limited's company bio, employee growth, exchange listings and data sources
- Name: GR Engineering Services Limited
- Ticker: GNG
- Exchange: ASX
- Founded: 1986
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$250.502m
- Shares outstanding: 160.58m
- Website: https://www.gres.com.au
- GR Engineering Services Limited
- 71 Daly Street
- Western Australia
GR Engineering Services Limited operates as an engineering, consulting, and contracting company that provides engineering design, procurement, and construction services to the mining and mineral processing...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/21 08:20|
|End of Day Share Price||2021/06/21 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.