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
Rewards
Risk Analysis
Dividend of 6.06% is not well covered by earnings or forecast to be in the next 3 years
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
4.5%
GEI
1.6%
CA Oil and Gas
0.8%
CA Market
1 Year Return
-14.7%
GEI
-23.6%
CA Oil and Gas
2.0%
CA Market
Return vs Industry: GEI exceeded the Canadian Oil and Gas industry which returned -24.6% over the past year.
Return vs Market: GEI underperformed the Canadian Market which returned 1.8% over the past year.
Shareholder returns
| GEI | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.5% | 1.6% | 0.8% |
| 30 Day | 22.1% | 24.6% | 10.5% |
| 90 Day | -6.2% | 9.1% | 9.7% |
| 1 Year | -8.9%-14.7% | -19.2%-23.6% | 5.7%2.0% |
| 3 Year | 54.7%26.6% | -23.0%-32.7% | 13.9%2.9% |
| 5 Year | 137.6%66.3% | 0.1%-17.4% | 58.5%34.3% |
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
1 week ago | Simply Wall St
Is Gibson Energy Inc. (TSE:GEI) A Strong Dividend Stock?2 weeks ago | Simply Wall St
What Kind Of Investors Own Most Of Gibson Energy Inc. (TSE:GEI)?1 month ago | Simply Wall St
Gibson Energy Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowValuation
Is Gibson Energy undervalued compared to its fair value and its price relative to the market?
36.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GEI (CA$22.45) is trading below our estimate of fair value (CA$35.15)
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 (22.4x) compared to the CA Oil and Gas industry average (17.4x).
PE vs Market: GEI is poor value based on its PE Ratio (22.4x) compared to the Canadian market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: GEI is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: GEI is overvalued based on its PB Ratio (4.4x) 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 10 analysts?
12.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GEI's forecast earnings growth (12.7% per year) is above the savings rate (1.7%).
Earnings vs Market: GEI's earnings (12.7% per year) are forecast to grow slower than the Canadian market (25.9% per year).
High Growth Earnings: GEI's earnings are forecast to grow, but not significantly.
Revenue vs Market: GEI's revenue (15% per year) is forecast to grow faster than the Canadian market (6.9% per year).
High Growth Revenue: GEI's revenue (15% 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?
6.06%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GEI's dividend (6.06%) is higher than the bottom 25% of dividend payers in the Canadian market (1.6%).
High Dividend: GEI's dividend (6.06%) is in the top 25% of dividend payers in the Canadian market (5.29%)
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 (106.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Steve Spaulding (54 yo)
3.5yrs
Tenure
CA$5,396,711
Compensation
Mr. Steven R. Spaulding, also known as Steve, has been President, Chief Executive Officer and Director at Gibson Energy Inc. since June 19, 2017. Mr. Spaulding served as Senior Vice President of Processing...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD4.21M) is above average for companies of similar size in the Canadian market ($USD3.00M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | CA$5.40m | 0.083% CA$ 2.6m | |
| Senior VP & CFO | 4.75yrs | CA$1.98m | 0.069% CA$ 2.2m | |
| Senior VP | 3.17yrs | CA$1.53m | 0.055% CA$ 1.7m | |
| Senior Vice President of Supply & Marketing | 0.83yr | CA$2.21m | 0.0073% CA$ 229.9k | |
| Senior Vice President of Operations & Engineering | 3.17yrs | no data | 0.029% CA$ 926.6k | |
| Vice President of Strategy | no data | no data | no data | |
| Senior Legal Counsel | no data | no data | no data | |
| Vice President of Finance and Corporate Affairs | no data | no data | no data | |
| Vice President of U.S. Business Development | 2.92yrs | CA$1.91m | no data | |
| General Manager of Operations | no data | no data | no data | |
| Manager of Operations SCM | no data | no data | no data | |
| Vice President of Information Services & Information Management | no data | no data | no data |
3.2yrs
Average Tenure
Experienced Management: GEI's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | CA$5.40m | 0.083% CA$ 2.6m | |
| Independent Director | 4.58yrs | CA$160.00k | 0.034% CA$ 1.1m | |
| Independent Director | 9.5yrs | CA$180.00k | 0.0096% CA$ 300.6k | |
| Independent Director | 7.67yrs | CA$230.48k | 0.0078% CA$ 244.4k | |
| Independent Director | 2.58yrs | CA$160.00k | 0.050% CA$ 1.6m | |
| Independent Director | 0.33yr | no data | 0.0011% CA$ 34.2k | |
| Independent Director | 6.83yrs | CA$210.72k | 0.00082% CA$ 25.8k | |
| Independent Chairman | 7.67yrs | CA$244.70k | 0.13% CA$ 4.1m | |
| Independent Director | 0.75yr | no data | 0.0010% CA$ 32.7k |
4.6yrs
Average Tenure
63yo
Average Age
Experienced Board: GEI's board of directors are considered experienced (4.6 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$3.141b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GEI | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Jun 2011 |
| 8GB | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jun 2011 |
| GBNX.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/04 23:40 |
| End of Day Share Price | 2020/12/04 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.