CNSX:GTBE

Stock Analysis Report

Green 2 Blue Energy

Executive Summary

Green 2 Blue Energy Corp. manufactures, markets, and distributes softwood pellets and shavings for consumers and industrial customers in Canada and Poland.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Risks

  • Green 2 Blue Energy is not covered by any analysts.

Share Price & News

How has Green 2 Blue Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

25.0%

CNSX:GTBE

3.9%

CA Oil and Gas

1.6%

CA Market


1 Year Return

-80.0%

CNSX:GTBE

-10.8%

CA Oil and Gas

-0.3%

CA Market

GTBE underperformed the Oil and Gas industry which returned -9.6% over the past year.

GTBE underperformed the Market in Canada which returned -0.5% over the past year.


Share holder returns

GTBEIndustryMarket
7 Day25.0%3.9%1.6%
30 Day-16.7%9.3%4.1%
90 Day-16.7%1.1%1.1%
1 Year-80.0%-80.0%-6.7%-10.8%3.3%-0.3%
3 Yearn/a-4.9%-14.6%19.3%8.6%
5 Yearn/a-24.8%-36.0%21.6%4.1%

Price Volatility Vs. Market

How volatile is Green 2 Blue Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Green 2 Blue Energy undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Green 2 Blue Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Green 2 Blue Energy 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.


Next Steps

  • Take a look at our analysis of GTBE’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.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Green 2 Blue Energy regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

How is Green 2 Blue Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-4.4%

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 Green 2 Blue Energy 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.


Next Steps

Past Performance

How has Green 2 Blue Energy performed over the past 5 years?

-63.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Green 2 Blue Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Green 2 Blue Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Green 2 Blue Energy's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Green 2 Blue Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Green 2 Blue Energy has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Green 2 Blue Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Green 2 Blue Energy's financial position?


Financial Position Analysis

Green 2 Blue Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Green 2 Blue Energy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Green 2 Blue Energy has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Green 2 Blue Energy's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

Green 2 Blue Energy has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Green 2 Blue Energy has less than a year of cash runway based on current free cash flow.

Green 2 Blue Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 110.7% each year.


Next Steps

Dividend

What is Green 2 Blue Energy's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Green 2 Blue Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Green 2 Blue Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Green 2 Blue Energy has not reported any payouts.

Unable to verify if Green 2 Blue Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Green 2 Blue Energy has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Green 2 Blue Energy's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Slawek Smulewicz 0

2.2yrs

Tenure

CA$153,750

Compensation

Mr. Slawomir Smulewicz, also known as Slawek, served as Chief Executive Officer of MicroCoal Technologies Inc. (formerly, Carbon Friendly Solutions Inc.) from June 23, 2011 to February 13, 2014. Mr. Smulew ...


CEO Compensation Analysis

Slawek's remuneration is about average for companies of similar size in Canada.

Slawek's compensation has increased whilst company is loss making.


Management Age and Tenure

0.8yrs

Average Tenure

The average tenure for the Green 2 Blue Energy management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

The average tenure for the Green 2 Blue Energy board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Green 2 Blue Energy individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyCA$40,00029 Jul 19
Michael Kott
EntityIndividual
Role
Member of the Board of Directors
VP of Corporate Development & Director
Shares800,000
Max PriceCA$0.05
BuyCA$3,75008 Nov 18
Michael Young
EntityIndividual
Shares50,000
Max PriceCA$0.075
SellCA$8,40028 Sep 18
Glenn Little
EntityIndividual
Shares70,000
Max PriceCA$0.12
SellCA$2,08026 Sep 18
Michael Young
EntityIndividual
Shares16,000
Max PriceCA$0.13

Ownership Breakdown


Management Team

  • Slawek Smulewicz

    President

    • Tenure: 2.2yrs
    • Compensation: CA$153.75k
  • Keith Margetson

    Chief Financial Officer

    • Tenure: 0.8yrs
  • Michael Kott

    VP of Corporate Development & Director

    • Tenure: 0.8yrs

Board Members

  • Slawek Smulewicz

    President

    • Tenure: 2.2yrs
    • Compensation: CA$153.75k
  • Andrew Lee (48yo)

    Director

    • Tenure: 1.5yrs
  • Michael Kott

    VP of Corporate Development & Director

    • Tenure: 0.8yrs

Company Information

Green 2 Blue Energy Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Green 2 Blue Energy Corp.
  • Ticker: GTBE
  • Exchange: CNSX
  • Founded: 2014
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: CA$2.515m
  • Shares outstanding: 100.58m
  • Website: https://www.G2BEnergy.com

Location

  • Green 2 Blue Energy Corp.
  • 800 West Pender Street
  • Suite 1518
  • Vancouver
  • British Columbia
  • V6C 2V6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTBECNSX (Canadian National Stock Exchange)YesNew Common SharesCACADDec 2017
1NZDB (Deutsche Boerse AG)YesNew Common SharesDEEURDec 2017
GTGE.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDDec 2017

Biography

Green 2 Blue Energy Corp. manufactures, markets, and distributes softwood pellets and shavings for consumers and industrial customers in Canada and Poland. It offers wood pellets produced from residual saw ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 01:23
End of Day Share Price2019/09/13 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


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.