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Gibson Energy

DB:8GB
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

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

Gibson Energy Inc., an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. The last earnings update was 16 days ago. More info.


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  • Gibson Energy has significant price volatility in the past 3 months.
8GB Share Price and Events
7 Day Returns
1.4%
DB:8GB
1.8%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
45%
DB:8GB
2.6%
DE Oil and Gas
-7.6%
DE Market
8GB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gibson Energy (8GB) 1.4% 9.2% 33.4% 45% 29.5% -17.5%
DE Oil and Gas 1.8% 2.3% 14.1% 2.6% 8.3% 40.5%
DE Market 2.1% 3.6% 8.1% -7.6% 9.8% 12.4%
1 Year Return vs Industry and Market
  • 8GB outperformed the Oil and Gas industry which returned 2.6% over the past year.
  • 8GB outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
8GB
Industry
5yr Volatility vs Market

8GB Value

 Is Gibson Energy 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 Gibson Energy 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 Gibson Energy.

DB:8GB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:8GB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.942 (1 + (1- 26.5%) (36.99%))
1.133
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.133 * 5.96%)
6.98%

Discounted Cash Flow Calculation for DB:8GB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gibson Energy 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.

DB:8GB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.98%)
2019 229.80 Analyst x2 214.81
2020 241.37 Analyst x3 210.90
2021 317.10 Analyst x1 258.99
2022 320.90 Analyst x1 245.00
2023 324.70 Analyst x1 231.72
2024 327.60 Est @ 0.89% 218.54
2025 329.87 Est @ 0.69% 205.70
2026 331.70 Est @ 0.55% 193.34
2027 333.21 Est @ 0.46% 181.55
2028 334.50 Est @ 0.39% 170.36
Present value of next 10 years cash flows CA$2,130.90
DB:8GB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$334.50 × (1 + 0.23%) ÷ (6.98% – 0.23%)
CA$4,965.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$4,965.37 ÷ (1 + 6.98%)10
CA$2,528.84
DB:8GB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$2,130.90 + CA$2,528.84
CA$4,659.74
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$4,659.74 / 144.56
CA$32.23
DB:8GB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8GB represents 0.65698x of TSX:GEI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65698x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 32.23 x 0.65698
€21.18
Value per share (EUR) From above. €21.18
Current discount Discount to share price of €15.38
= -1 x (€15.38 - €21.18) / €21.18
27.4%

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

Current Discount
Amount off the current price Gibson Energy is available for.
Intrinsic value
27%
Share price is €15.38 vs Future cash flow value of €21.18
Current Discount Checks
For Gibson Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gibson Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gibson Energy's share price is below the future cash flow value, but not 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 Gibson Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gibson Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8GB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.56
TSX:GEI Share Price ** TSX (2019-03-20) in CAD CA$23.41
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 16.47x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.91x

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

** Primary Listing of Gibson Energy.

DB:8GB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GEI Share Price ÷ EPS (both in CAD)

= 23.41 ÷ 0.56

41.55x

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

  • Gibson Energy is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • Gibson Energy is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Gibson Energy's expected growth come at a high price?
Raw Data
DB:8GB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
20.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.85x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:8GB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.55x ÷ 20.4%

2.04x

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

  • Gibson Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Gibson Energy's assets?
Raw Data
DB:8GB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$5.25
TSX:GEI Share Price * TSX (2019-03-20) in CAD CA$23.41
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.99x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.79x
DB:8GB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GEI Share Price ÷ Book Value per Share (both in CAD)

= 23.41 ÷ 5.25

4.46x

* Primary Listing of Gibson Energy.

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

  • Gibson Energy is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Gibson Energy'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. Gibson Energy has a total score of 1/6, 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.

8GB Future Performance

 How is Gibson Energy expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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
20.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gibson Energy expected to grow at an attractive rate?
  • Gibson Energy's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Gibson Energy's earnings growth is expected to exceed the Germany market average.
  • Gibson Energy's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8GB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8GB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 20.4%
DB:8GB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -0.5%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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
DB:8GB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8GB Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 290
2022-12-31 286
2021-12-31 6,637 341 173 3
2020-12-31 7,168 376 145 6
2019-12-31 7,265 384 132 6
DB:8GB Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 6,847 564 81
2018-09-30 7,624 337 -71
2018-06-30 6,787 216 -84
2018-03-31 6,439 240 -100
2017-12-31 5,660 197 -66
2017-09-30 5,423 207 -61
2017-06-30 5,308 206 -86
2017-03-31 5,087 216 -217
2016-12-31 4,594 208 -178
2016-09-30 4,270 265 -355
2016-06-30 4,440 312 -365
2016-03-31 4,919 359 -239

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gibson Energy's earnings are expected to grow significantly at over 20% yearly.
  • Gibson Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:8GB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Gibson Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8GB Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.19 1.19 1.19 1.00
2020-12-31 0.90 1.30 0.48 4.00
2019-12-31 0.94 1.29 0.59 5.00
DB:8GB Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.56
2018-09-30 -0.50
2018-06-30 -0.58
2018-03-31 -0.70
2017-12-31 -0.47
2017-09-30 -0.43
2017-06-30 -0.61
2017-03-31 -1.56
2016-12-31 -1.32
2016-09-30 -2.70
2016-06-30 -2.86
2016-03-31 -1.90

*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.
  • Gibson Energy is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Gibson Energy'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Gibson Energy has a total score of 4/6, 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.

8GB Past Performance

  How has Gibson Energy 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 Gibson Energy'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.
  • Gibson Energy's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Gibson Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Gibson Energy has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Gibson Energy'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 Gibson Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8GB Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,846.59 81.13 51.69
2018-09-30 7,623.62 -71.39 50.22
2018-06-30 6,787.46 -83.62 53.80
2018-03-31 6,438.64 -99.77 59.71
2017-12-31 5,659.65 -66.33 54.19
2017-09-30 5,423.39 -61.07 50.53
2017-06-30 5,308.27 -86.44 51.10
2017-03-31 5,086.78 -216.86 54.42
2016-12-31 4,594.18 -178.17 53.45
2016-09-30 4,269.55 -354.51 60.40
2016-06-30 4,439.80 -364.93 60.01
2016-03-31 4,919.20 -239.30 51.76
2015-12-31 5,405.31 -295.37 56.42
2015-09-30 6,292.22 -55.03 60.31
2015-06-30 7,303.24 -5.29 57.23
2015-03-31 7,855.18 25.29 52.87
2014-12-31 8,573.53 91.94 50.88
2014-09-30 8,513.10 99.26 51.68
2014-06-30 7,994.99 133.32 49.12
2014-03-31 7,488.35 104.24 45.93
2013-12-31 6,940.67 103.82 42.94
2013-09-30 6,330.87 119.70 40.21
2013-06-30 5,674.62 107.12 38.26
2013-03-31 5,181.11 121.88 35.57
2012-12-31 4,913.03 116.19 33.60
2012-09-30 5,087.58 112.20 31.98
2012-06-30 5,137.25 77.06 31.08
2012-03-31 5,218.94 -66.13 34.75

*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.
  • Gibson Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gibson Energy used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Gibson Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gibson Energy'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.
Gibson Energy has a total score of 1/6, 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.

8GB Health

 How is Gibson Energy'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 Gibson Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gibson Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gibson Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gibson Energy'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 0.6x 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 Gibson Energy Company Filings, last reported 2 months ago.

DB:8GB Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 758.23 1,241.12 95.30
2018-09-30 784.08 1,330.85 39.94
2018-06-30 827.49 1,277.72 39.57
2018-03-31 868.59 1,341.67 55.25
2017-12-31 910.60 1,208.04 32.14
2017-09-30 1,032.88 1,135.74 39.29
2017-06-30 1,098.70 1,040.78 53.13
2017-03-31 1,154.74 1,046.06 79.73
2016-12-31 1,057.10 1,359.15 60.16
2016-09-30 1,124.98 1,340.73 94.81
2016-06-30 1,193.49 1,333.33 242.43
2016-03-31 1,135.48 1,334.70 39.16
2015-12-31 1,167.00 1,326.42 82.78
2015-09-30 1,388.01 1,266.15 36.34
2015-06-30 1,400.51 1,214.81 171.34
2015-03-31 1,444.73 1,225.59 172.55
2014-12-31 1,427.18 1,165.37 131.91
2014-09-30 1,414.16 1,143.16 125.28
2014-06-30 1,394.68 1,113.31 348.05
2014-03-31 1,416.89 874.27 65.78
2013-12-31 1,368.63 757.91 97.18
2013-09-30 1,346.06 739.33 110.48
2013-06-30 1,338.12 750.25 130.74
2013-03-31 1,343.83 639.88 45.19
2012-12-31 1,307.48 659.25 61.03
2012-09-30 894.25 636.12 41.46
2012-06-30 884.07 641.03 54.84
2012-03-31 882.95 635.26 74.77
  • Gibson Energy's level of debt (163.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.4% vs 163.7% today).
  • Debt is well covered by operating cash flow (45.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Gibson Energy'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. Gibson Energy has a total score of 3/6, 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.

8GB Dividends

 What is Gibson Energy'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
5.64%
Current annual income from Gibson Energy dividends. Estimated to be 5.71% next year.
If you bought €2,000 of Gibson Energy shares you are expected to receive €113 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?
  • Gibson Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • Gibson Energy's dividend is above the markets top 25% of dividend payers in Germany (3.83%).
Upcoming dividend payment

Purchase Gibson Energy on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:8GB 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 10 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:8GB Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.32 1.00
2022-12-31 1.32 1.00
2021-12-31 1.35 4.00
2020-12-31 1.35 14.00
2019-12-31 1.33 15.00
DB:8GB Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-04 1.320 5.844
2018-11-06 1.320 6.532
2018-08-08 1.320 6.499
2018-05-08 1.320 7.537
2018-03-05 1.320 7.957
2017-11-08 1.320 7.531
2017-08-01 1.320 7.593
2017-05-08 1.320 7.582
2017-03-07 1.320 6.886
2016-11-01 1.320 7.213
2016-08-02 1.320 7.652
2016-05-03 1.320 8.601
2016-03-01 1.320 7.432
2015-11-04 1.280 8.575
2015-08-06 1.280 7.033
2015-05-05 1.280 5.686
2015-03-04 1.280 4.719
2014-11-04 1.200 4.590
2014-08-07 1.200 3.491
2014-05-06 1.200 3.660
2014-03-04 1.200 4.199
2013-11-05 1.100 4.113
2013-08-07 1.100 4.622
2013-03-05 1.010 3.983
2012-11-06 1.040 4.358
2012-08-07 1.000 4.422
2012-05-09 1.000 4.776
2012-03-06 1.000 4.706
2011-11-08 0.960 4.870
2011-08-17 0.960 5.373

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

  • Whilst dividend payments have been stable, Gibson Energy has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Gibson Energy only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Gibson Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.7x coverage).
X
Income/ dividend checks
We assess Gibson Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Gibson Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gibson Energy has a total score of 2/6, see the detailed checks below.


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

8GB Management

 What is the CEO of Gibson Energy'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
Steve Spaulding
COMPENSATION CA$5,294,241
AGE 52
TENURE AS CEO 1.8 years
CEO Bio

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 and Natural Gas Liquids at EnLink Midstream Partners, LP and Enlink Midstream, Inc. since April 2010. He served as Senior Vice President of Gathering and Processing at Crosstex Energy. Previously, Mr. Spaulding served as Manager of the North American processing and NGL business at Chevron Corp. He is an accomplished industry veteran with more than 25 years' experience in the midstream space. He served as Executive Vice President of Lone Star NGL LLC, a subsidiary of Energy Transfer Partners. He served as Executive Vice President of NGL's at Energy Transfer Partners. He has expertise in leading midstream businesses, building organizations, business development, marketing and operations, which began with his roots of almost twenty years spent at Chevron and Texaco. He was responsible for developing and leading trading, marketing, commercial and business development for Chevron's equity production, NGL assets and upstream production projects. During his 20-year tenure at Chevron, Mr. Spaulding also managed the commercial and marketing activities of its midstream assets and was involved in the development and operations of the 524-mile NGL pipeline project in southern Louisiana that included the Texaco Expanded NGL Distribution System (TENDS). Mr. Spaulding started his career in Engineering and also served as an Operations Manager for various processing and NGL assets. Mr. Spaulding holds a Bachelor of Science in Chemical Engineering from the University of Oklahoma.

CEO Compensation
  • Insufficient data for Steve to compare compensation growth.
  • Steve's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Gibson Energy management team in years:

1.4
Average Tenure
55.5
Average Age
  • The average tenure for the Gibson Energy management team is less than 2 years, this suggests a new team.
Management Team

Steve Spaulding

TITLE
President
COMPENSATION
CA$5M
AGE
52
TENURE
1.8 yrs

Sean Brown

TITLE
Senior VP & CFO
COMPENSATION
CA$1M
TENURE
3 yrs

Doug Wilkins

TITLE
Senior VP & President of U.S. Operations
COMPENSATION
CA$1M
AGE
54
TENURE
1.3 yrs

Sean Duffee

TITLE
Senior VP & Chief Commercial Officer
COMPENSATION
CA$1M
TENURE
1.3 yrs

Stew Hanlon

TITLE
COMPENSATION
CA$3M
AGE
58
TENURE
1.8 yrs

Rick Wise

TITLE
Strategic Advisor
COMPENSATION
CA$1M
AGE
57
TENURE
1.3 yrs

Mike Lindsay

TITLE
Senior Vice President of Operations & Engineering
TENURE
1.4 yrs

Sean Wilson

TITLE
Senior VP
TENURE
1.4 yrs

Mark Chyc-Cies

TITLE
Vice President of Investor Relations

Tammi Price

TITLE
Vice President of Finance and Corporate Affairs
Board of Directors Tenure

Average tenure and age of the Gibson Energy board of directors in years:

4
Average Tenure
61
Average Age
  • The tenure for the Gibson Energy board of directors is about average.
Board of Directors

Jim Estey

TITLE
Chairman
COMPENSATION
CA$225K
AGE
65
TENURE
5.9 yrs

Steve Spaulding

TITLE
President
COMPENSATION
CA$5M
AGE
52
TENURE
1.8 yrs

Marshall McRae

TITLE
Independent Director
COMPENSATION
CA$160K
AGE
61
TENURE
7.8 yrs

Jim Cleary

TITLE
Independent Director
COMPENSATION
CA$197K
AGE
63
TENURE
5.9 yrs

Mary Peters

TITLE
Independent Director
COMPENSATION
CA$194K
AGE
61
TENURE
5.1 yrs

Doug Bloom

TITLE
Independent Director
COMPENSATION
CA$150K
AGE
60
TENURE
2.8 yrs

John Festival

TITLE
Independent Director
AGE
57
TENURE
0.8 yrs

Susan Jones

TITLE
Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Gibson Energy insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Mar 19 Buy Susan Jones Individual 08. Mar 19 08. Mar 19 6,720 €14.74 €99,051
27. Dec 18 Buy Sean Wilson Individual 27. Dec 18 27. Dec 18 2,817 €11.40 €32,114
27. Dec 18 Buy Steven Spaulding Individual 27. Dec 18 27. Dec 18 17,000 €11.46 €194,786
21. Aug 18 Buy Sean Brown Individual 21. Aug 18 21. Aug 18 10,527 €13.15 €138,420
17. Aug 18 Buy Michael Lindsay Individual 14. Aug 18 14. Aug 18 7,033 €13.38 €94,104
17. Aug 18 Buy Sean Wilson Individual 14. Aug 18 14. Aug 18 10,043 €13.38 €134,380
14. Aug 18 Buy John Festival Individual 14. Aug 18 14. Aug 18 9,000 €13.37 €120,363
22. May 18 Buy Steven Spaulding Individual 18. May 18 18. May 18 11,760 €11.21 €131,840
16. May 18 Buy James Estey Individual 16. May 18 16. May 18 19,400 €11.16 €215,636
X
Management checks
We assess Gibson Energy'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. Gibson Energy 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.

8GB News

Simply Wall St News

8GB Company Info

Description

Gibson Energy Inc., an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other. The Infrastructure segment operates a network of midstream infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and processing facilities that collect, store, and process oil and other liquid hydrocarbon production and by-products. The Logistics segment offers wellsite services that enable oil and liquids production to access fixed midstream infrastructure. This segment provides truck transportation and related services; and hauling services for crude, condensate, propane, butane, asphalt, methanol, sulfur, petroleum coke, gypsum, emulsion, waste water, and drilling fluids for oil and gas producers, as well as ancillary services to production companies. The Wholesale segment purchases and sells hydrocarbon products, including crude oil, NGLs, road asphalt, roofing flux, frac oils, light and heavy straight run distillates, combined vacuum gas oil, and oil based mud products. The Other segment provides other services to the oil and gas industry, including exploration support services and accommodation services. The company was formerly known as Gibson Energy Holdings ULC and changed its name to Gibson Energy Inc. in April 2011. Gibson Energy Inc. was founded in 1950 and is headquartered in Calgary, Canada.

Details
Name: Gibson Energy Inc.
8GB
Exchange: DB
Founded: 1950
CA$2,216,637,536
144,558,789
Website: http://www.gibsonenergy.com
Address: Gibson Energy Inc.
440 2nd Avenue, SW,
Suite 1700,
Calgary,
Alberta, T2P 5E9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GEI Common Shares The Toronto Stock Exchange CA CAD 08. Jun 2011
OTCPK GBNX.F Common Shares Pink Sheets LLC US USD 08. Jun 2011
DB 8GB Common Shares Deutsche Boerse AG DE EUR 08. Jun 2011
Number of employees
Current staff
Staff numbers
550
Gibson Energy employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 21:38
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/03/04
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.