Executive Summary
Gibson Energy Inc. engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America.
Rewards
Risk Analysis
Snowflake Analysis
Acceptable track record with mediocre balance sheet.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.08%
GEI
0.5%
CA Oil and Gas
0.1%
CA Market
1 Year Return
35.8%
GEI
6.4%
CA Oil and Gas
12.1%
CA Market
Return vs Industry: GEI exceeded the Canadian Oil and Gas industry which returned 6.4% over the past year.
Return vs Market: GEI exceeded the Canadian Market which returned 12.1% over the past year.
Shareholder returns
| GEI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.08% | 0.5% | 0.1% |
| 30 Day | 1.3% | 0.9% | 0.2% |
| 90 Day | 11.9% | 3.0% | 0.7% |
| 1 Year | 44.3%35.8% | 11.3%6.4% | 15.9%12.1% |
| 3 Year | 73.1%40.7% | -14.3%-23.2% | 16.0%5.4% |
| 5 Year | 39.7%-1.1% | -10.3%-24.3% | 33.5%13.8% |
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
5 days ago | Simply Wall St
Is Gibson Energy Inc. (TSE:GEI) Trading At A 36% Discount?2 weeks ago | Simply Wall St
What To Know Before Buying Gibson Energy Inc. (TSE:GEI) For Its Dividend1 month ago | Simply Wall St
Does Market Volatility Impact Gibson Energy Inc.'s (TSE:GEI) Share Price?Valuation
Is Gibson Energy undervalued compared to its fair value and its price relative to the market?
35.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GEI (CA$26.3) is trading below our estimate of fair value (CA$40.64)
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 (20.7x) compared to the Oil and Gas industry average (9.8x).
PE vs Market: GEI is poor value based on its PE Ratio (20.7x) compared to the Canadian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: GEI is poor value based on its PEG Ratio (199.7x)
Price to Book Ratio
PB vs Industry: GEI is overvalued based on its PB Ratio (5x) compared to the CA Oil and Gas industry average (0.6x).
Next Steps
Future Growth
How is Gibson Energy forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
0.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GEI's forecast earnings growth (0.1% per year) is below the savings rate (1.4%).
Earnings vs Market: GEI's earnings (0.1% per year) are forecast to grow slower than the Canadian market (10% per year).
High Growth Earnings: GEI's earnings are forecast to grow, but not significantly.
Revenue vs Market: GEI's revenue (1.5% per year) is forecast to grow slower than the Canadian market (5% per year).
High Growth Revenue: GEI's revenue (1.5% 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 (21.7%)
Next Steps
Past Performance
How has Gibson Energy performed over the past 5 years?
25.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GEI has high quality earnings.
Growing Profit Margin: GEI became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GEI has become profitable over the past 5 years, growing earnings by 25.9% per year.
Accelerating Growth: GEI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GEI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (16.5%).
Return on Equity
High ROE: Whilst GEI's Return on Equity (24.11%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Gibson Energy's financial position?
Financial Position Analysis
Short Term Liabilities: GEI's short term assets (CA$1.0B) exceed its short term liabilities (CA$955.8M).
Long Term Liabilities: GEI's short term assets (CA$1.0B) do not cover its long term liabilities (CA$1.6B).
Debt to Equity History and Analysis
Debt Level: GEI's debt to equity ratio (192%) is considered high.
Reducing Debt: GEI's debt to equity ratio has increased from 80.8% to 192% over the past 5 years.
Debt Coverage: GEI's debt is well covered by operating cash flow (36.1%).
Interest Coverage: GEI's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
Inventory Level: GEI has a high level of physical assets or inventory.
Debt Coverage by Assets: GEI's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is Gibson Energy's current dividend yield, its reliability and sustainability?
Upcoming Dividend Payment
Purchase Gibson Energy before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate GEI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GEI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GEI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GEI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GEI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Gibson Energy's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average management tenure
CEO
Steve Spaulding (53yo)
2.5yrs
Tenure
CA$5,056,302
Compensation
Mr. Steven R. Spaulding, also known as Steve, has been President, Chief Executive Officer and Director at Gibson Energy Inc. since June 19, 2017. Mr. Spaulding served as Senior Vice President of Processing ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD3.83M) is above average for companies of similar size in the Canadian market ($USD2.88M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.3yrs
Average Tenure
Experienced Management: GEI's management team is considered experienced (2.3 years average tenure).
Board Age and Tenure
4.7yrs
Average Tenure
61.5yo
Average Age
Experienced Board: GEI's board of directors are considered experienced (4.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 6,818 |
| Max Price | CA$21.95 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 6,720 |
| Max Price | CA$22.25 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 17,000 |
| Max Price | CA$17.84 |
| Entity | Individual |
| Role | Chief Administrative Officer Senior VP |
| Shares | 2,817 |
| Max Price | CA$17.75 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Rod Bantle (62yo)
Senior Vice President of Truck Transportation
- Tenure: 10.7yrs
Warren Osatiuk
Senior Vice President of Refining
- Tenure: 5.9yrs
Steve Spaulding (53yo)
President
- Tenure: 2.5yrs
- Compensation: CA$5.06m
Sean Duffee
Senior VP & Chief Commercial Officer
- Tenure: 2.1yrs
- Compensation: CA$1.13m
Tammi Price
Vice President of Finance and Corporate Affairs
- Tenure: 0yrs
Sean Wilson
Senior VP
- Tenure: 2.2yrs
- Compensation: CA$1.52m
Mike Lindsay
Senior Vice President of Operations & Engineering
- Tenure: 2.2yrs
Sean Brown
Senior VP & CFO
- Tenure: 3.8yrs
- Compensation: CA$1.98m
Mark Chyc-Cies
Vice President of Strategy
- Tenure: 0yrs
Orin Atkins
Vice President of U.S. Business Development
- Tenure: 1.9yrs
- Compensation: CA$1.91m
Board Members
Doug Bloom (61yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: CA$150.00k
Marshall McRae (62yo)
Independent Director
- Tenure: 8.5yrs
- Compensation: CA$160.00k
Jim Cleary (64yo)
Independent Director
- Tenure: 6.7yrs
- Compensation: CA$201.31k
John Festival (58yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: CA$58.93k
Mary Peters (62yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: CA$195.16k
Jim Estey (66yo)
Independent Chairman
- Tenure: 6.7yrs
- Compensation: CA$225.00k
Steve Spaulding (53yo)
President
- Tenure: 2.5yrs
- Compensation: CA$5.06m
Susan Jones (49yo)
Independent Director
- Tenure: 1yrs
- Compensation: CA$5.83k
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: US$3.826b
- Listing Market Cap: US$5.051b
- Shares outstanding: 145.49m
- 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. engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/14 01:12 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.