TSXV:GIII

Stock Analysis Report

Executive Summary

Gen III Oil Corporation operates as an oil processing company in Canada.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Gen III Oil's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.0%

GIII

0.4%

CA Oil and Gas

0.2%

CA Market


1 Year Return

-49.3%

GIII

-9.1%

CA Oil and Gas

3.5%

CA Market

Return vs Industry: GIII underperformed the Canadian Oil and Gas industry which returned -9.1% over the past year.

Return vs Market: GIII underperformed the Canadian Market which returned 3.5% over the past year.


Shareholder returns

GIIIIndustryMarket
7 Day3.0%0.4%0.2%
30 Day-22.7%-5.5%-3.3%
90 Day-52.1%-2.0%-1.9%
1 Year-49.3%-49.3%-5.0%-9.1%7.3%3.5%
3 Year240.0%240.0%-15.3%-23.9%14.7%4.4%
5 Year240.0%240.0%-21.7%-33.6%26.2%7.7%

Price Volatility Vs. Market

How volatile is Gen III Oil's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gen III Oil undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Gen III Oil is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Gen III Oil 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 GIII’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 Gen III Oil regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

How is Gen III Oil forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-3.0%

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 Gen III Oil 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 Gen III Oil performed over the past 5 years?

-14.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GIII is unprofitable, and losses have increased over the past 5 years at a rate of -14.2% per year.

Accelerating Growth: Unable to compare GIII's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GIII is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (62.2%).


Return on Equity

High ROE: GIII's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: GIII is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GIII is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Gen III Oil's financial position?


Financial Position Analysis

Short Term Liabilities: GIII has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GIII has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GIII is debt free.

Reducing Debt: GIII's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: GIII has a high level of physical assets or inventory.

Debt Coverage by Assets: GIII 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.

Stable Cash Runway: GIII has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GIII has less than a year of cash runway if free cash flow continues to reduce at historical rates of -48% each year


Next Steps

Dividend

What is Gen III Oil's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.9%industryaverage4.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate GIII's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GIII's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if GIII's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GIII'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 GIII'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 Gen III Oil's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Greg Clarkes 0

7.1yrs

Tenure

CA$650,992

Compensation

Mr. Gregory M. Clarkes, also known as Greg, has been the Chief Executive Officer of Gen III Oil Corporation since September 11, 2012. Mr. Clarkes serves as a Business Executive. He is a financier with over ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Greg's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Greg's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.0yrs

Average Tenure

Experienced Management: GIII's management team is considered experienced (2 years average tenure).


Board Age and Tenure

8.2yrs

Average Tenure

Experienced Board: GIII's board of directors are considered experienced (8.2 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$30,00003 Oct 19
Bryan Nethery
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares150,000
Max PriceCA$0.20
BuyCA$100,00003 Oct 19
Gregory Clarkes
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares500,000
Max PriceCA$0.20
BuyCA$50,00001 Oct 19
John Detmold
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares250,000
Max PriceCA$0.20
BuyCA$35,76212 Sep 19
Gregory Clarkes
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares159,000
Max PriceCA$0.23
BuyCA$3,92020 Aug 19
Mark Redcliffe
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Corporate Finance
Shares14,000
Max PriceCA$0.28
BuyCA$29,86016 Aug 19
John Detmold
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares110,000
Max PriceCA$0.28
BuyCA$3,60001 Feb 19
George Davidson
EntityIndividual
Shares18,000
Max PriceCA$0.20
SellCA$52,73114 Jan 19
George Davidson
EntityIndividual
Shares177,246
Max PriceCA$0.31
SellCA$29,72710 Jan 19
George Davidson
EntityIndividual
Shares90,000
Max PriceCA$0.33
BuyCA$65,39103 Jan 19
Gregory Clarkes
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares194,500
Max PriceCA$0.40
BuyCA$80,00002 Jan 19
Paul DiPasquale
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares200,000
Max PriceCA$0.40
BuyCA$316,60002 Jan 19
Gregory Clarkes
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares791,500
Max PriceCA$0.40
BuyCA$45,25802 Jan 19
Gregory Clarkes
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares112,000
Max PriceCA$0.41
BuyCA$30,00019 Nov 18
Bryan Nethery
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares75,000
Max PriceCA$0.40
BuyCA$100,00018 Nov 18
John Detmold
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares250,000
Max PriceCA$0.40

Ownership Breakdown


Management Team

  • Greg Clarkes

    Chairman & CEO

    • Tenure: 7.1yrs
    • Compensation: CA$650.99k
  • Rick Low

    Chief Financial Officer

    • Tenure: 7.1yrs
    • Compensation: CA$62.41k
  • Christina Boddy (40yo)

    Corporate Secretary

    • Tenure: 0yrs
  • Grant Brown

    Executive Vice President

    • Tenure: 2yrs
  • Gordon Driedger

    President & COO

    • Tenure: 1.6yrs
  • Mark Redcliffe

    Executive Vice President of Corporate Finance

    • Tenure: 1.4yrs

Board Members

  • John Detmold

    Independent Director

    • Tenure: 8.1yrs
    • Compensation: CA$60.12k
  • Greg Clarkes

    Chairman & CEO

    • Tenure: 7.1yrs
    • Compensation: CA$650.99k
  • Paul DiPasquale

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: CA$60.12k
  • Bryan Nethery

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: CA$60.12k
  • Larry Van Hatten (68yo)

    Director

    • Tenure: 8.3yrs
    • Compensation: CA$201.23k

Company Information

Gen III Oil Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gen III Oil Corporation
  • Ticker: GIII
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: CA$13.990m
  • Shares outstanding: 82.29m
  • Website: https://www.geniiioil.com

Location

  • Gen III Oil Corporation
  • 400 Burrard Street
  • Suite 1750
  • Vancouver
  • British Columbia
  • V6C 3A6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GIIITSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2011
ISRJ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2011
PN41DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2011

Biography

Gen III Oil Corporation operates as an oil processing company in Canada. The company, through its ReGen technology, produces base lubricating oil from re-processed used motor oil. The company was formerly  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:19
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.