TSX:JE

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Just Energy Group

Executive Summary

Just Energy Group Inc., through its subsidiaries, provides electricity and natural gas commodities in the United States, Canada, and internationally. More Details


Snowflake Analysis

Moderate growth potential with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: JE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: JE's weekly volatility has decreased from 28% to 8% over the past year.


Market Performance


7 Day Return

2.3%

JE

0.7%

CA Integrated Utilities

0.7%

CA Market


1 Year Return

-90.0%

JE

-12.7%

CA Integrated Utilities

2.1%

CA Market

Return vs Industry: JE underperformed the Canadian Integrated Utilities industry which returned -12.7% over the past year.

Return vs Market: JE underperformed the Canadian Market which returned 2.1% over the past year.


Shareholder returns

JEIndustryMarket
7 Day2.3%0.7%0.7%
30 Day15.0%0.4%4.6%
90 Day-4.3%-6.2%13.5%
1 Year-90.0%-90.0%-9.5%-12.7%5.8%2.1%
3 Year-95.4%-96.0%22.2%9.4%13.9%3.1%
5 Year-96.9%-97.7%60.1%33.5%67.3%41.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Just Energy Group is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Just Energy Group 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

Future Growth

How is Just Energy Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

118.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: JE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JE's is expected to become profitable in the next 3 years.

Revenue vs Market: Insufficient data to determine if JE's revenue is forecast to grow faster than the Canadian market.

High Growth Revenue: Insufficient data to determine if JE's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Just Energy Group performed over the past 5 years?

-25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JE is currently unprofitable.

Growing Profit Margin: JE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JE is unprofitable, and losses have increased over the past 5 years at a rate of 25.8% per year.

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

Earnings vs Industry: JE is unprofitable, making it difficult to compare its past year earnings growth to the Integrated Utilities industry (-0.5%).


Return on Equity

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


Next Steps

Financial Health

How is Just Energy Group's financial position?


Financial Position Analysis

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

Long Term Liabilities: JE 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: JE has negative shareholder equity, which is a more serious situation than a high debt level.

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

Debt Coverage: JE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JE is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if JE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: JE is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

R. Gahn (56 yo)

1.42yrs

Tenure

CA$1,136,306

Compensation

Mr. R. Scott Gahn has been President and Chief Executive Officer of Just Energy Group Inc. since August 2, 2019. Mr. Gahn served as the Chief Operating Officer of Just Energy Corp. at Just Energy Income Fu...


CEO Compensation Analysis

Compensation vs Market: R.'s total compensation ($USD900.29K) is above average for companies of similar size in the Canadian market ($USD517.89K).

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


Leadership Team

NamePositionTenureCompensationOwnership
R. Gahn
CEO, President & Director1.42yrsCA$1.14m0.0017%
CA$ 5.5k
James Brown
Chief Commercial Officer0.33yrCA$711.36k0.054%
CA$ 173.4k
Jeff Shoaf
President of Hudson Energy1.75yrsCA$531.34kno data
Michael Carter
Chief Financial Officer0.33yrno data0.034%
CA$ 110.7k
Scott Fordham
Chief Operating Officer0.33yrno data0.0033%
CA$ 10.7k
Alex Ince-Cushman
Chief Technology Officerno datano data0.0029%
CA$ 9.3k
Sam Mavalwalla
Chief Information Officer3yrsno data0.0091%
CA$ 29.1k
Michael Cummings
Investor Relations Contactno datano datano data
Jonah Davids
Executive VPno dataCA$733.85k0.013%
CA$ 42.6k
Margaret Munnelly
Senior Vice President of Human Resourcesno datano data0.012%
CA$ 39.8k
Amir Andani
Chief Risk Officerno datano data0.0077%
CA$ 24.8k
Michael Beck
President of Mass Markets North America1.75yrsno datano data

1.4yrs

Average Tenure

Experienced Management: JE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
R. Gahn
CEO, President & Director1.42yrsCA$1.14m0.0017%
CA$ 5.5k
Stephen Schaefer
Independent Director0.42yrno data0.042%
CA$ 133.8k
Marcie Zlotnik
Independent Director0.42yrno datano data
M. H. Ross
Independent Director3.58yrsCA$281.24k0.018%
CA$ 56.7k
Brian Smith
Director Emeritusno dataCA$134.00kno data
Anthony Horton
Independent Chairman0.25yrno data0.026%
CA$ 83.1k
R. McMurtry
Director Emeritusno dataCA$68.00kno data
Steven Murray
Independent Director0.42yrno datano data
James Geral Bell
Independent Director0.42yrno datano data

0.4yrs

Average Tenure

59yo

Average Age

Experienced Board: JE's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 946.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Just Energy Group Inc.
  • Ticker: JE
  • Exchange: TSX
  • Founded: 1997
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Market Cap: CA$321.615m
  • Shares outstanding: 48.07m
  • Website: https://investors.justenergy.com

Number of Employees


Location

  • Just Energy Group Inc.
  • First Canadian Place
  • Suite 2630
  • Toronto
  • Ontario
  • M5X 1E1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JETSX (The Toronto Stock Exchange)YesCommon SharesCACADApr 2001
JENYSE (New York Stock Exchange)YesCommon SharesUSUSDApr 2001
1JEDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2001

Biography

Just Energy Group Inc., through its subsidiaries, provides electricity and natural gas commodities in the United States, Canada, and internationally. It operates through Consumer and Commercial segments. T...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 23:41
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.