Genex Power (ASX:GNX) - Stock Price, News & Analysis

GNX Stock Overview

Genex Power Limited develops and commercializes renewable energy generation and storage projects in Australia.

GNX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Revenue is forecast to grow 58.12% per year

Risk Analysis

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Genex Power Limited Competitors

LGI

ASX:LGI

AU$222.6m

Delorean

ASX:DEL

AU$10.8m

Timah Resources

ASX:TML

AU$2.8m

TPC Consolidated

ASX:TPC

AU$129.8m

Price History & Performance

Summary of all time highs, changes and price drops for Genex Power
Historical stock prices
Current Share Price	AU$0.27
52 Week High	AU$0.27
52 Week Low	AU$0.12
Beta	1.02
1 Month Change	8.16%
3 Month Change	60.61%
1 Year Change	65.63%
3 Year Change	23.26%
5 Year Change	15.22%
Change since IPO	26.19%

Recent updates

Breakeven On The Horizon For Genex Power Limited (ASX:GNX)

Apr 07

At AU$0.26, Is It Time To Put Genex Power Limited (ASX:GNX) On Your Watch List?

Feb 22

What Kind Of Shareholders Hold The Majority In Genex Power Limited's (ASX:GNX) Shares?

Feb 01

Who Has Been Selling Genex Power Limited (ASX:GNX) Shares?

Jan 11

How Much Did Genex Power's(ASX:GNX) Shareholders Earn From Share Price Movements Over The Last Three Years?

Dec 21

A Look At The Intrinsic Value Of Genex Power Limited (ASX:GNX)

Nov 24

Shareholder Returns

	GNX	AU Renewable Energy	AU Market
7D	0%	0.8%	-2.2%
1Y	65.6%	11.4%	4.5%

Return vs Industry: GNX exceeded the Australian Renewable Energy industry which returned 11.4% over the past year.

Return vs Market: GNX exceeded the Australian Market which returned 4.5% over the past year.

Price Volatility

Is GNX's price volatile compared to industry and market?
GNX volatility
GNX Average Weekly Movement	10.9%
Renewable Energy Industry Average Movement	9.6%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: GNX's share price has been volatile over the past 3 months.

Volatility Over Time: GNX's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	n/a	Craig Francis	www.genexpower.com.au

Genex Power Limited develops and commercializes renewable energy generation and storage projects in Australia. The company generates power through hydro, wind, and solar projects. Its flagship project is the Kidston Clean Energy Hub comprising 50MW solar project and the 250MW Kidston Pumped hydro project located in the north Queensland.

Genex Power Limited Fundamentals Summary

How do Genex Power's earnings and revenue compare to its market cap?
GNX fundamental statistics
Market cap	AU$367.07m
Earnings (TTM)	-AU$5.30m
Revenue (TTM)	AU$20.35m

18.0x

P/S Ratio

-69.3x

P/E Ratio

Is GNX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GNX income statement (TTM)
Revenue	AU$20.35m
Cost of Revenue	AU$4.95m
Gross Profit	AU$15.40m
Other Expenses	AU$20.70m
Earnings	-AU$5.30m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0038
Gross Margin	75.66%
Net Profit Margin	-26.04%
Debt/Equity Ratio	378.8%

How did GNX perform over the long term?

See historical performance and comparison

GNX Stock Overview

Rewards

Risk Analysis

Genex Power Limited Competitors

ASX:LGI

AU$222.6m

ASX:DEL

AU$10.8m

ASX:TML

AU$2.8m

ASX:TPC

AU$129.8m

Price History & Performance

Recent News & Updates

Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million.

Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million.

New minor risk - Profitability

Forecast breakeven date pushed back to 2026

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Recent updates

Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million.

Electric Power Development Co., Ltd. (TSE:9513) entered into a non-binding, indicative and conditional proposal to acquire 92.2% stake in Genex Power Limited (ASX:GNX) from Skip Capital Pty. Ltd. and others for approximately AUD 350 million.

New minor risk - Profitability

Forecast breakeven date pushed back to 2026

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Genex Power Limited, Annual General Meeting, Nov 20, 2023

Price target increased by 9.0% to AU$0.27

No longer forecast to breakeven

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2022)

Genex Power Limited to Report Fiscal Year 2023 Results on Aug 25, 2023

New minor risk - Financial data availability

Genex Power Limited Announces Appointment of Patrick Mccarthy to Chief Financial Officer

Genex Power Limited Announces Executive Changes

Price target increased by 16% to AU$0.26

Less than half of directors are independent

Genex Power Limited Announces Change of Company Secretary

Genex Power Limited Announces Kidston Stage 3 Wind Project Update

Forecast breakeven date moved forward to 2023

Less than half of directors are independent

Forecast breakeven date moved forward to 2023

Less than half of directors are independent

Genex Power Limited (ASX:GNX) entered into an agreement to acquire 2GW multi-stage Bulli Creek Clean Energy Project from Solar Choice Pty Ltd.

Less than half of directors are independent

Stonepeak Partners LP and Skip Enterprises Pty Ltd ATF Farquhar Trust cancelled the proposal to acquire 80.1% stake in Genex Power Limited (ASX:GNX).

Genex Power Limited, Annual General Meeting, Nov 23, 2022

Stonepeak Partners LP and Skip Essential Infrastructure Fund made the proposal to acquire 80.1% stake in Genex Power Limited (ASX:GNX) for approximately AUD 170 million.

Forecast to breakeven in 2025

Forecast to breakeven in 2025

Consensus forecasts updated

Less than half of directors are independent

First half 2022 earnings: EPS and revenues exceed analyst expectations

Genex Power Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.

Genex Power Limited announced that it expects to receive AUD 40 million in funding

Genex Power Limited Commenced Underground Works At Kidston Hydro

No longer forecast to breakeven

Executive Director recently sold AU$2.2m worth of stock

Full year 2021 earnings released

Genex Power Limited has completed a Follow-on Equity Offering in the amount of AUD 25.003564 million.

Breakeven On The Horizon For Genex Power Limited (ASX:GNX)

First half 2021 earnings released: AU$0.008 loss per share (vs AU$0.02 loss in 1H 2020)

Price target raised to AU$0.36

At AU$0.26, Is It Time To Put Genex Power Limited (ASX:GNX) On Your Watch List?

What Kind Of Shareholders Hold The Majority In Genex Power Limited's (ASX:GNX) Shares?

New 90-day high: AU$0.27

New 90-day high: AU$0.25

Who Has Been Selling Genex Power Limited (ASX:GNX) Shares?

New 90-day high: AU$0.23

How Much Did Genex Power's(ASX:GNX) Shareholders Earn From Share Price Movements Over The Last Three Years?

New 90-day high: AU$0.23

A Look At The Intrinsic Value Of Genex Power Limited (ASX:GNX)

Genex Power Limited Announces Kidston Hydro Project Update

Genex Power Limited Signs Investigation Licence and Tenure Arrangement Agreement with Powerlink Queensland

Genex Power Limited has completed a Follow-on Equity Offering in the amount of AUD 2.84946 million.

Analysts update estimates

Full year earnings released - AU$0.026 loss per share

Executive Director recently sold AU$497.1k worth of stock

Genex Power Limited has completed a Follow-on Equity Offering in the amount of AUD 21.276761 million.

Genex Power Limited announced that it expects to receive AUD 25 million in funding from Electric Power Development Co., Ltd.