Gibson Energy Inc. engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America.
Acceptable track record with mediocre balance sheet.
Share Price & News
How has Gibson Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 8GB has not had significant price volatility in the past 3 months.
7 Day Return
DE Oil and Gas
1 Year Return
DE Oil and Gas
Return vs Industry: 8GB underperformed the German Oil and Gas industry which returned 74.7% over the past year.
Return vs Market: 8GB exceeded the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Gibson Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Gibson Energy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 8GB (€19.6) is trading below our estimate of fair value (€31.45)
Significantly Below Fair Value: 8GB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 8GB is poor value based on its PE Ratio (21.9x) compared to the Oil and Gas industry average (11x).
PE vs Market: 8GB is poor value based on its PE Ratio (21.9x) compared to the German market (21x).
Price to Earnings Growth Ratio
PEG Ratio: 8GB is poor value based on its PEG Ratio (58.2x)
Price to Book Ratio
PB vs Industry: 8GB is overvalued based on its PB Ratio (5.3x) compared to the DE Oil and Gas industry average (1.4x).
How is Gibson Energy forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 8GB's forecast earnings growth (0.4% per year) is above the savings rate (-0.4%).
Earnings vs Market: 8GB's earnings (0.4% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: 8GB's earnings are forecast to grow, but not significantly.
Revenue vs Market: 8GB's revenue is expected to decline over the next 3 years (-2.5% per year).
High Growth Revenue: 8GB's revenue is forecast to decline over the next 3 years (-2.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 8GB's Return on Equity is forecast to be low in 3 years time (19.6%).
How has Gibson Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8GB has high quality earnings.
Growing Profit Margin: 8GB became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 8GB has become profitable over the past 5 years, growing earnings by 25.9% per year.
Accelerating Growth: 8GB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 8GB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5.2%).
Return on Equity
High ROE: Whilst 8GB's Return on Equity (24.11%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Gibson Energy's financial position?
Financial Position Analysis
Short Term Liabilities: 8GB's short term assets (CA$1.0B) exceed its short term liabilities (CA$955.8M).
Long Term Liabilities: 8GB's short term assets (CA$1.0B) do not cover its long term liabilities (CA$1.6B).
Debt to Equity History and Analysis
Debt Level: 8GB's debt to equity ratio (192%) is considered high.
Reducing Debt: 8GB's debt to equity ratio has increased from 80.8% to 192% over the past 5 years.
Inventory Level: 8GB has a high level of physical assets or inventory.
Debt Coverage by Assets: 8GB's debt is not covered by short term assets (assets are 0.7x debt).
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: 8GB is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: 8GB is profitable, therefore cash runway is not a concern.
What is Gibson Energy's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 8GB's dividend (4.69%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: 8GB's dividend (4.69%) is in the top 25% of dividend payers in the German market (3.63%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 8GB has been paying a dividend for less than 10 years.
Growing Dividend: 8GB's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (102.8%), 8GB's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 8GB's dividends in 3 years are not forecast to be well covered by earnings (136.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Spaulding (53yo)
Mr. Steven R. Spaulding, also known as Steve, has been President, Chief Executive Officer and Director at Gibson Energy Inc. since June 19, 2017. Mr. Spaulding served as Senior Vice President of Processing ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD3.83M) is above average for companies of similar size in the German market ($USD2.28M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||3.9yrs||CA$1.98m||0.041% CA$1.2m|
|Senior VP||2.3yrs||CA$1.52m||0.048% CA$1.4m|
|Vice President of U.S. Business Development||2.1yrs||CA$1.91m||0.013% CA$363.7k|
|Senior Vice President of Operations & Engineering||2.3yrs||no data||0.024% CA$691.1k|
|Vice President of Strategy||0yrs||no data||no data|
|Vice President of Finance and Corporate Affairs||0yrs||no data||no data|
|Senior Vice President of Truck Transportation||10.8yrs||no data||no data|
|Senior Vice President of Refining||6.1yrs||no data||no data|
|Senior VP & Chief Commercial Officer||2.3yrs||CA$1.13m||no data|
Experienced Management: 8GB's management team is considered experienced (2.5 years average tenure).
|Independent Director||3.8yrs||CA$150.00k||0.027% CA$784.5k|
|Independent Director||8.7yrs||CA$160.00k||0.0096% CA$274.3k|
|Independent Director||6.8yrs||CA$201.31k||0.0044% CA$124.9k|
|Independent Director||1.8yrs||CA$58.93k||0.042% CA$1.2m|
|Independent Director||6yrs||CA$195.16k||0.00082% CA$23.4k|
|Independent Chairman||6.8yrs||CA$225.00k||0.13% CA$3.7m|
|Independent Director||1.2yrs||CA$5.83k||0.014% CA$393.7k|
Experienced Board: 8GB's board of directors are considered experienced (4.9 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gibson Energy Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Gibson Energy Inc.
- Ticker: 8GB
- Exchange: DB
- Founded: 1950
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$4.101b
- Listing Market Cap: CA$2.857b
- Shares outstanding: 145.68m
- Website: https://www.gibsonenergy.com
Number of Employees
- Gibson Energy Inc.
- 440-2nd Avenue SW
- Suite 1700
- T2P 5E9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GEI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jun 2011|
|8GB||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 2011|
|GBNX.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jun 2011|
Gibson Energy Inc. engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals. The Wholesale segment purchases, sells, stores, and optimizes hydrocarbon products, including crude oil, natural gas liquids, road asphalt, roofing flux, frac oils, light and heavy straight run distillates, combined vacuum gas oil, and an oil-based mud product. 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 22:46|
|End of Day Share Price||2020/02/21 00:00|
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.