TSX:GEI

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Executive Summary

Gibson Energy Inc., a crude oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. More Details


Snowflake Analysis

Acceptable track record with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GEI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GEI's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

5.1%

GEI

8.6%

CA Oil and Gas

2.7%

CA Market


1 Year Return

-13.9%

GEI

-23.6%

CA Oil and Gas

0.5%

CA Market

Return vs Industry: GEI exceeded the Canadian Oil and Gas industry which returned -23.6% over the past year.

Return vs Market: GEI underperformed the Canadian Market which returned 0.5% over the past year.


Shareholder returns

GEIIndustryMarket
7 Day5.1%8.6%2.7%
30 Day9.5%25.4%12.3%
90 Day-9.5%2.8%6.1%
1 Year-8.0%-13.9%-19.2%-23.6%4.2%0.5%
3 Year51.6%24.0%-25.5%-34.6%12.8%1.9%
5 Year103.4%42.4%-8.5%-24.3%49.7%26.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Gibson Energy undervalued compared to its fair value and its price relative to the market?

41.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GEI (CA$21.49) is trading below our estimate of fair value (CA$36.47)

Significantly Below Fair Value: GEI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GEI is poor value based on its PE Ratio (21.4x) compared to the CA Oil and Gas industry average (18.1x).

PE vs Market: GEI is poor value based on its PE Ratio (21.4x) compared to the Canadian market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: GEI is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: GEI is overvalued based on its PB Ratio (4.2x) compared to the CA Oil and Gas industry average (1x).


Next Steps

Future Growth

How is Gibson Energy forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

12.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GEI's forecast earnings growth (12.9% per year) is above the savings rate (1.7%).

Earnings vs Market: GEI's earnings (12.9% per year) are forecast to grow slower than the Canadian market (26.4% per year).

High Growth Earnings: GEI's earnings are forecast to grow, but not significantly.

Revenue vs Market: GEI's revenue (7.1% per year) is forecast to grow faster than the Canadian market (6.2% per year).

High Growth Revenue: GEI's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GEI's Return on Equity is forecast to be high in 3 years time (23.7%)


Next Steps

Past Performance

How has Gibson Energy performed over the past 5 years?

68.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GEI has high quality earnings.

Growing Profit Margin: GEI's current net profit margins (2.8%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: GEI has become profitable over the past 5 years, growing earnings by 68% per year.

Accelerating Growth: GEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GEI had negative earnings growth (-21.4%) over the past year, making it difficult to compare to the Oil and Gas industry average (-52.6%).


Return on Equity

High ROE: GEI's Return on Equity (19.8%) is considered low.


Next Steps

Financial Health

How is Gibson Energy's financial position?


Financial Position Analysis

Short Term Liabilities: GEI's short term assets (CA$564.3M) do not cover its short term liabilities (CA$646.2M).

Long Term Liabilities: GEI's short term assets (CA$564.3M) do not cover its long term liabilities (CA$1.7B).


Debt to Equity History and Analysis

Debt Level: GEI's debt to equity ratio (180.2%) is considered high.

Reducing Debt: GEI's debt to equity ratio has increased from 90% to 180.2% over the past 5 years.

Debt Coverage: GEI's debt is well covered by operating cash flow (39%).

Interest Coverage: GEI's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


Next Steps

Dividend

What is Gibson Energy current dividend yield, its reliability and sustainability?

6.33%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: GEI's dividend (6.33%) is higher than the bottom 25% of dividend payers in the Canadian market (1.62%).

High Dividend: GEI's dividend (6.33%) is in the top 25% of dividend payers in the Canadian market (5.26%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GEI has been paying a dividend for less than 10 years.

Growing Dividend: GEI's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (134.7%), GEI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GEI's dividends in 3 years are not forecast to be well covered by earnings (106.2% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Steve Spaulding (54 yo)

3.42yrs

Tenure

CA$5,396,711

Compensation

Mr. Steven R. Spaulding, also known as Steve, has been President, Chief Executive Officer and Director at Gibson Energy Inc. since June 19, 2017. Mr. Spaulding served as Senior Vice President of Processing...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD4.16M) is above average for companies of similar size in the Canadian market ($USD2.98M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Spaulding
President3.42yrsCA$5.40m0.083%
CA$ 2.6m
Sean Brown
Senior VP & CFO4.67yrsCA$1.98m0.069%
CA$ 2.2m
Sean Wilson
Senior VP3.08yrsCA$1.53m0.055%
CA$ 1.7m
Kyle DeGruchy
Senior Vice President of Supply & Marketing0.75yrCA$2.21m0.0073%
CA$ 230.1k
Michael Lindsay
Senior Vice President of Operations & Engineering3.08yrsno data0.029%
CA$ 927.5k
Mark Chyc-Cies
Vice President of Strategyno datano datano data
Steve Smyth
Senior Legal Counselno datano datano data
Tammi Price
Vice President of Finance and Corporate Affairsno datano datano data
Orin Atkins
Vice President of U.S. Business Development2.83yrsCA$1.91mno data
Shirley Wong
General Manager of Operationsno datano datano data
Alasdair Ross
Manager of Operations SCMno datano datano data
Ellen Stotland
Vice President of Information Services & Information Managementno datano datano data

3.1yrs

Average Tenure

Experienced Management: GEI's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Spaulding
President3.42yrsCA$5.40m0.083%
CA$ 2.6m
Douglas Bloom
Independent Director4.5yrsCA$160.00k0.034%
CA$ 1.1m
Marshall McRae
Independent Director9.42yrsCA$180.00k0.0096%
CA$ 300.9k
James Cleary
Independent Director7.58yrsCA$230.48k0.0078%
CA$ 244.6k
John Festival
Independent Director2.5yrsCA$160.00k0.050%
CA$ 1.6m
Margaret Montana
Independent Director0.25yrno data0.0011%
CA$ 34.3k
Mary Peters
Independent Director6.67yrsCA$210.72k0.00082%
CA$ 25.8k
James Estey
Independent Chairman7.58yrsCA$244.70k0.13%
CA$ 4.1m
Judy Cotte
Independent Director0.67yrno data0.0010%
CA$ 32.7k

4.5yrs

Average Tenure

63yo

Average Age

Experienced Board: GEI's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GEI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gibson Energy Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gibson Energy Inc.
  • Ticker: GEI
  • Exchange: TSX
  • Founded: 1950
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: CA$3.144b
  • Shares outstanding: 146.30m
  • Website: https://www.gibsonenergy.com

Number of Employees


Location

  • Gibson Energy Inc.
  • 440-2nd Avenue SW
  • Suite 1700
  • Calgary
  • Alberta
  • T2P 5E9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GEITSX (The Toronto Stock Exchange)YesCommon SharesCACADJun 2011
8GBDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2011
GBNX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2011

Biography

Gibson Energy Inc., a crude oil infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through In...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 23:42
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.