Loading...

Greenfields Petroleum

TSXV:GNF
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GNF
TSXV
CA$8M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Greenfields Petroleum Corporation, a junior oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Greenfields Petroleum has significant price volatility in the past 3 months.
GNF Share Price and Events
7 Day Returns
10%
TSXV:GNF
-0.1%
CA Oil and Gas
-0.2%
CA Market
1 Year Returns
-68.6%
TSXV:GNF
-11.8%
CA Oil and Gas
-1.9%
CA Market
GNF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greenfields Petroleum (GNF) 10% -20% -51.1% -68.6% -89% -98.6%
CA Oil and Gas -0.1% -3.1% 1.5% -11.8% -6.5% -34.6%
CA Market -0.2% -1.6% 2.1% -1.9% 13.3% 4.3%
1 Year Return vs Industry and Market
  • GNF underperformed the Oil and Gas industry which returned -11.8% over the past year.
  • GNF underperformed the Market in Canada which returned -1.9% over the past year.
Price Volatility
GNF
Industry
5yr Volatility vs Market

GNF Value

 Is Greenfields Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Greenfields Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Greenfields Petroleum.

TSXV:GNF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:GNF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.978 (1 + (1- 21%) (994.25%))
6.132
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (2 * 5.96%)
13.87%

Discounted Cash Flow Calculation for TSXV:GNF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Greenfields Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:GNF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.87%)
2019 23.51 Est @ 92.55% 20.65
2020 38.88 Est @ 65.37% 29.99
2021 56.90 Est @ 46.34% 38.54
2022 75.68 Est @ 33.02% 45.02
2023 93.62 Est @ 23.7% 48.91
2024 109.70 Est @ 17.17% 50.33
2025 123.53 Est @ 12.61% 49.77
2026 135.15 Est @ 9.41% 47.82
2027 144.84 Est @ 7.17% 45.01
2028 152.96 Est @ 5.6% 41.74
Present value of next 10 years cash flows $417.78
TSXV:GNF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $152.96 × (1 + 1.95%) ÷ (13.87% – 1.95%)
$1,308.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,308.19 ÷ (1 + 13.87%)10
$357.02
TSXV:GNF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $417.78 + $357.02
$774.80
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $774.80 / 17.98
$43.09
TSXV:GNF Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:GNF)
1.346
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $43.09 x 1.346
CA$58
Value per share (CAD) From above. CA$58.00
Current discount Discount to share price of CA$0.44
= -1 x (CA$0.44 - CA$58.00) / CA$58.00
99.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Greenfields Petroleum is available for.
Intrinsic value
>50%
Share price is CA$0.44 vs Future cash flow value of CA$58
Current Discount Checks
For Greenfields Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Greenfields Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Greenfields Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Greenfields Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Greenfields Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GNF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.59
TSXV:GNF Share Price ** TSXV (2019-05-15) in CAD CA$0.44
TSXV:GNF Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $0.33
Canada Oil and Gas Industry PE Ratio Median Figure of 58 Publicly-Listed Oil and Gas Companies 14.34x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 14.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Greenfields Petroleum.

TSXV:GNF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:GNF Share Price ÷ EPS (both in USD)

= 0.33 ÷ -0.59

-0.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenfields Petroleum is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Greenfields Petroleum is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Greenfields Petroleum's expected growth come at a high price?
Raw Data
TSXV:GNF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 37 Publicly-Listed Oil and Gas Companies 0.79x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Greenfields Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Greenfields Petroleum's assets?
Raw Data
TSXV:GNF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $6.86
TSXV:GNF Share Price * TSXV (2019-05-15) in CAD CA$0.44
TSXV:GNF Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $0.33
Canada Oil and Gas Industry PB Ratio Median Figure of 224 Publicly-Listed Oil and Gas Companies 0.88x
Canada Market PB Ratio Median Figure of 2,407 Publicly-Listed Companies 1.41x
TSXV:GNF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:GNF Share Price ÷ Book Value per Share (both in USD)

= 0.33 ÷ 6.86

0.05x

* Primary Listing of Greenfields Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenfields Petroleum is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Greenfields Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Greenfields Petroleum has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GNF Future Performance

 How is Greenfields Petroleum expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Greenfields Petroleum 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.5%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greenfields Petroleum expected to grow at an attractive rate?
  • Unable to compare Greenfields Petroleum's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Greenfields Petroleum's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Greenfields Petroleum's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GNF Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 8.5%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:GNF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:GNF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSXV:GNF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 31 15 -11
2018-09-30 31 2 -8
2018-06-30 30 3 -8
2018-03-31 27 -1 -10
2017-12-31 29 5 -9
2017-09-30 31 2 -11
2017-06-30 31 1 101
2017-03-31 24 1 101
2016-12-31 15 -2 99
2016-09-30 7 -1 102
2016-06-30 1 -1 -9
2016-03-31 2 0 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Greenfields Petroleum is high growth as no earnings estimate data is available.
  • Unable to determine if Greenfields Petroleum is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:GNF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Greenfields Petroleum Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GNF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSXV:GNF Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.59
2018-09-30 -0.43
2018-06-30 -0.42
2018-03-31 -0.59
2017-12-31 -0.54
2017-09-30 -0.70
2017-06-30 8.34
2017-03-31 10.23
2016-12-31 15.15
2016-09-30 35.57
2016-06-30 -4.14
2016-03-31 -4.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Greenfields Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Greenfields Petroleum is trading at Greenfields Petroleum'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Greenfields Petroleum's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Greenfields Petroleum's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Greenfields Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Greenfields Petroleum has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GNF Past Performance

  How has Greenfields Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Greenfields Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Greenfields Petroleum does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Greenfields Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Greenfields Petroleum's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Greenfields Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Greenfields Petroleum Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GNF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 30.96 -10.66 3.71
2018-09-30 31.08 -7.75 3.83
2018-06-30 29.52 -8.05 3.81
2018-03-31 27.25 -10.29 3.74
2017-12-31 29.45 -9.07 3.20
2017-09-30 31.50 -11.48 2.57
2017-06-30 30.68 100.85 5.24
2017-03-31 24.14 101.43 5.20
2016-12-31 15.23 99.19 5.60
2016-09-30 6.67 102.29 6.36
2016-06-30 1.36 -9.33 4.47
2016-03-31 1.55 -9.77 4.91
2015-12-31 1.56 -7.52 5.05
2015-09-30 1.70 -8.83 5.35
2015-06-30 1.96 -7.87 5.64
2015-03-31 1.95 -9.78 6.80
2014-12-31 2.04 -7.32 7.47
2014-09-30 1.99 -4.45 8.11
2014-06-30 1.96 -3.79 7.70
2014-03-31 2.17 1.63 7.52
2013-12-31 2.43 -3.28 8.09
2013-09-30 2.78 -9.28 9.75
2013-06-30 2.93 -9.70 10.09
2013-03-31 2.76 -15.37 10.94
2012-12-31 2.74 -16.08 11.26
2012-09-30 8.03 -32.72 14.74
2012-06-30 13.61 -32.70 17.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Greenfields Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Greenfields Petroleum has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Greenfields Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Greenfields Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Greenfields Petroleum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GNF Health

 How is Greenfields Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Greenfields Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Greenfields Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Greenfields Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Greenfields Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Greenfields Petroleum Company Filings, last reported 4 months ago.

TSXV:GNF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 123.27 58.44 0.57
2018-09-30 128.36 56.48 0.21
2018-06-30 130.43 54.47 2.13
2018-03-31 131.32 52.37 0.21
2017-12-31 133.90 50.34 0.74
2017-09-30 136.07 49.89 1.98
2017-06-30 138.44 48.43 2.17
2017-03-31 138.15 47.01 1.89
2016-12-31 139.49 45.62 1.36
2016-09-30 144.07 44.21 1.46
2016-06-30 10.07 76.31 0.43
2016-03-31 12.61 75.38 0.91
2015-12-31 16.20 66.40 0.10
2015-09-30 17.66 65.37 0.03
2015-06-30 19.27 64.80 0.71
2015-03-31 22.12 60.98 0.07
2014-12-31 21.50 58.64 0.74
2014-09-30 24.15 56.11 2.22
2014-06-30 24.01 39.79 4.91
2014-03-31 28.24 29.41 2.76
2013-12-31 25.90 21.02 3.07
2013-09-30 23.61 18.64 3.99
2013-06-30 21.42 18.28 6.72
2013-03-31 14.05 19.96 2.84
2012-12-31 17.79 20.54 14.10
2012-09-30 33.33 56.68 24.30
2012-06-30 33.54 53.53 32.39
  • Greenfields Petroleum's level of debt (47.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (81.4% vs 47.4% today).
  • Debt is well covered by operating cash flow (25.4%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Greenfields Petroleum's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Greenfields Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Greenfields Petroleum has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GNF Dividends

 What is Greenfields Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Greenfields Petroleum dividends.
If you bought CA$2,000 of Greenfields Petroleum shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Greenfields Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Greenfields Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:GNF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 4.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:GNF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Greenfields Petroleum has not reported any payouts.
  • Unable to verify if Greenfields Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Greenfields Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Greenfields Petroleum 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.
X
Income/ dividend checks
We assess Greenfields Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Greenfields Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Greenfields Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GNF Management

 What is the CEO of Greenfields Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Wilfrid Harkins
COMPENSATION $284,204
AGE 61
TENURE AS CEO 9.3 years
CEO Bio

Mr. John Wilfrid Hugh Harkins has been the Chief Executive Officer and President of Greenfields Petroleum Corporation since February 11, 2010 and its Chief Operating Officer since May 1, 2019. He is a Director of Strategic Oil &Gas Ltd., PetroPhoenix Resources Corp. and PetroPhoenix Oil Corporation and PetroPhoenix Capital Corporation. Mr. Harkins has over 30 years of diverse international energy experience in which he has managed commercial efforts to find, capture and exploit international energy and midstream business opportunities. He served as Vice President of Greenfields Petroleum Corporation from October 1, 2008 to February 2010. He acted as the Head of business development in Asia for Anadarko from June 2001 to June 2008, in which capacity he was able to expand Anadarko's exploration positions in Asia. As a senior executive for TransCanada Pipelines Ltd. in the mid 1990s, Mr. Harkins established a significant and successful midstream business in Latin America. He played a prominent role in the establishment of some of the first private gas pipelines and a power project in Mexico, a liquids extraction facility in Venezuela and major oil and gas pipelines in Colombia. He has considerable experience negotiating with various national and international oil and gas companies and has also managed operating committees and technical committees for production sharing and tax/royalty contracts during the sixteen years he was with Amoco Corporation. He served as a Manager of Anadarko Petroleum Corporation from June 2001 to June 2008. Mr. Harkins has broad experience in participating and negotiating various financings and acquisition & divestment deals. Mr. Harkins has been involved in successfully closing structured financing for energy projects with banks, multilaterals and other financial institutions. His international experience includes exposure to more than 25 countries. Mr. Harkins has been a Director of Greenfields Petroleum Corporation since October 1, 2008. Mr. Harkins holds a Bachelor of Science Degree in Chemical Engineering from the University of Toronto and has participated in additional graduate studies in Business Administration.

CEO Compensation
  • John Wilfrid's compensation has been consistent with company performance over the past year.
  • John Wilfrid's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Greenfields Petroleum management team in years:

1.9
Average Tenure
67
Average Age
  • The average tenure for the Greenfields Petroleum management team is less than 2 years, this suggests a new team.
Management Team

John Wilfrid Harkins

TITLE
President
COMPENSATION
$284K
AGE
61
TENURE
9.3 yrs

Jose Perez-Bello

TITLE
Senior VP
COMPENSATION
$187K
AGE
57
TENURE
1.9 yrs

A. Curzadd

TITLE
COMPENSATION
$268K
AGE
67
TENURE
1.9 yrs

Alex Warmath

TITLE
Co-Founder & Consultant
COMPENSATION
$14K
AGE
67

Rich MacDougal

TITLE
Co-Founder & Consultant
COMPENSATION
$12K
AGE
67

Deborah Hubbs

TITLE
General Counsel
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Greenfields Petroleum board of directors in years:

2.6
Average Tenure
60.5
Average Age
  • The average tenure for the Greenfields Petroleum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Hibberd

TITLE
Chairman of the Board
COMPENSATION
$19K
AGE
63
TENURE
9.3 yrs

John Wilfrid Harkins

TITLE
President
COMPENSATION
$284K
AGE
61
TENURE
10.6 yrs

Jose Perez-Bello

TITLE
Senior VP
COMPENSATION
$187K
AGE
57
TENURE
0.6 yrs

Geir Sagemo

TITLE
Non-Executive Director
TENURE
2.6 yrs

David Fransen

TITLE
Non-Executive Director
AGE
60
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Greenfields Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Greenfields Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GNF News

Simply Wall St News

Introducing Greenfields Petroleum (CVE:GNF), The Stock That Collapsed 99%

Spare a thought for those who held Greenfields Petroleum Corporation (CVE:GNF) for five whole years - as the share price tanked 99%. … Check out our latest analysis for Greenfields Petroleum Greenfields Petroleum isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Over five years, Greenfields Petroleum grew its revenue at 58% per year.

Simply Wall St -

Greenfields Petroleum Corporation (CVE:GNF): What Does Its Beta Value Mean For Your Portfolio?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Is Greenfields Petroleum Corporation's (CVE:GNF) CEO Salary Justified?

John Wilfrid Harkins has been the CEO of Greenfields Petroleum Corporation (CVE:GNF) since 2010. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does John Wilfrid Harkins's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Are Greenfields Petroleum Corporation's (CVE:GNF) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Greenfields Petroleum Corporation (CVE:GNF), with a market cap of CA$16m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

How Much is Greenfields Petroleum Corporation's (CVE:GNF) CEO Getting Paid?

At the time of writing our data says that Greenfields Petroleum Corporation has a market cap of CA$11m, and is paying total annual CEO compensation of US$284k. … We took a group of companies with market capitalizations below US$200m, and calculated the median CEO compensation to be US$116k. … Thus we can conclude that John Harkins receives more in total compensation than the median of a group of companies in the same market, and of similar size to Greenfields Petroleum Corporation

Simply Wall St -

Why Greenfields Petroleum Corporation's (CVE:GNF) Ownership Structure Is Important

In this article, I will take a quick look at Greenfields Petroleum Corporation’s (CVE:GNF) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for Greenfields Petroleum

Simply Wall St -

What Investors Should Know About Greenfields Petroleum Corporation's (CVE:GNF) Financial Strength

While small-cap stocks, such as Greenfields Petroleum Corporation (CVE:GNF) with its market cap of CA$22.48m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

GNF Company Info

Description

Greenfields Petroleum Corporation, a junior oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan. It holds interests in the Bahar project, which consists of the Bahar gas field, the Gum Deniz oil field, and the Bahar Exploration area covering 76,500 acres of producing oil field and a gas field located in the shallow waters of the Caspian Sea. The company is headquartered in Houston, Texas.

Details
Name: Greenfields Petroleum Corporation
GNF
Exchange: TSXV
Founded:
CA$7,911,543
17,980,781
Website: http://www.greenfields-petroleum.com
Address: Greenfields Petroleum Corporation
211 Highland Cross Drive,
Suite 250,
Houston,
Texas, 77073,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GNF Common Shares TSX Venture Exchange CA CAD 16. Nov 2010
OTCPK GEEP.F Common Shares Pink Sheets LLC US USD 16. Nov 2010
DB 9GE1 Common Shares Deutsche Boerse AG DE EUR 16. Nov 2010
Number of employees
Current staff
Staff numbers
0
Greenfields Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:39
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2017/04/28
Last earnings filing: 2019/04/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.