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GOOD

Good Energy GroupAIM:GOOD Stock Report

Market Cap

UK£47.9m

7D

-23.0%

1Y

77.3%

Updated

25 Sep, 2021

Data

Company Financials +
GOOD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends0/6

GOOD Overview

Good Energy Group PLC, through its subsidiaries, engages in the purchase, generation, and sale of electricity from renewable sources in the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for Good Energy Group
Historical stock prices
Current Share PriceUK£2.93
52 Week HighUK£1.55
52 Week LowUK£3.98
Beta1.06
1 Month Change-9.86%
3 Month Change3.18%
1 Year Change77.27%
3 Year Change167.12%
5 Year Change20.37%
Change since IPO580.23%

Recent News & Updates

Shareholder Returns

GOODGB Renewable EnergyGB Market
7D-23.0%3.1%0.6%
1Y77.3%88.8%23.4%

Return vs Industry: GOOD underperformed the UK Renewable Energy industry which returned 88.8% over the past year.

Return vs Market: GOOD exceeded the UK Market which returned 23.4% over the past year.

Price Volatility

Is GOOD's price volatile compared to industry and market?
GOOD volatility
GOOD Beta1.06
Industry Beta1.38
Market Beta1

Stable Share Price: GOOD is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: GOOD's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
1999269Nigel Pocklingtonhttps://group.goodenergy.co.uk

Good Energy Group PLC, through its subsidiaries, engages in the purchase, generation, and sale of electricity from renewable sources in the United Kingdom. The company generates electric power by wind turbine machinery and solar panels. It also sells gas; and provides services related to micro-renewable generation, as well as offers EV market data services.

Good Energy Group Fundamentals Summary

How do Good Energy Group's earnings and revenue compare to its market cap?
GOOD fundamental statistics
Market CapUK£47.90m
Earnings (TTM)UK£4.50m
Revenue (TTM)UK£131.56m

10.7x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOOD income statement (TTM)
RevenueUK£131.56m
Cost of RevenueUK£99.44m
Gross ProfitUK£32.12m
ExpensesUK£27.63m
EarningsUK£4.50m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.27
Gross Margin24.42%
Net Profit Margin3.42%
Debt/Equity Ratio118.2%

How did GOOD perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

3%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GOOD (£2.93) is trading below our estimate of fair value (£10.17)

Significantly Below Fair Value: GOOD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GOOD is good value based on its PE Ratio (10.7x) compared to the European Renewable Energy industry average (32.9x).

PE vs Market: GOOD is good value based on its PE Ratio (10.7x) compared to the UK market (23.4x).


Price to Earnings Growth Ratio

PEG Ratio: GOOD is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: GOOD's PB Ratio (1.4x) is in line with the GB Renewable Energy industry average.


Future Growth

How is Good Energy Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

2.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOOD's forecast earnings growth (2.2% per year) is above the savings rate (0.9%).

Earnings vs Market: GOOD's earnings (2.2% per year) are forecast to grow slower than the UK market (13.2% per year).

High Growth Earnings: GOOD's earnings are forecast to grow, but not significantly.

Revenue vs Market: GOOD's revenue (2.7% per year) is forecast to grow slower than the UK market (5.4% per year).

High Growth Revenue: GOOD's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GOOD's Return on Equity is forecast to be low in 3 years time (11.4%).


Past Performance

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

-1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOOD has high quality earnings.

Growing Profit Margin: GOOD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GOOD's earnings have declined by 1.1% per year over the past 5 years.

Accelerating Growth: GOOD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GOOD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (28.9%).


Return on Equity

High ROE: GOOD's Return on Equity (12.2%) is considered low.


Financial Health

How is Good Energy Group's financial position?


Financial Position Analysis

Short Term Liabilities: GOOD's short term assets (£59.8M) exceed its short term liabilities (£46.3M).

Long Term Liabilities: GOOD's short term assets (£59.8M) exceed its long term liabilities (£47.3M).


Debt to Equity History and Analysis

Debt Level: GOOD's debt to equity ratio (118.2%) is considered high.

Reducing Debt: GOOD's debt to equity ratio has reduced from 293.5% to 118.2% over the past 5 years.

Debt Coverage: GOOD's debt is not well covered by operating cash flow (1.6%).

Interest Coverage: GOOD's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Dividend

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

0.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GOOD's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.34%).

High Dividend: GOOD's dividend (0.51%) is low compared to the top 25% of dividend payers in the UK market (3.93%).


Stability and Growth of Payments

Stable Dividend: GOOD is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: GOOD is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: GOOD is not paying a notable dividend for the UK market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.4yrs

Average board tenure


CEO

Nigel Pocklington (49 yo)

0.33

Tenure

Mr. Nigel Pocklington is Chief Executive Officer and Director at Good Energy Group PLC since May 1, 2021. He has been Chief Commercial Officer at Moneysupermarket.com group plc since 2019 and was its Manag...


Board Members

Experienced Board: GOOD's board of directors are not considered experienced ( 2.4 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Good Energy Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Good Energy Group PLC
  • Ticker: GOOD
  • Exchange: AIM
  • Founded: 1999
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: UK£47.896m
  • Shares outstanding: 16.37m
  • Website: https://group.goodenergy.co.uk

Number of Employees


Location

  • Good Energy Group PLC
  • Monkton Park Offices
  • Monkton Park
  • Chippenham
  • Wiltshire
  • SN15 1GH
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 17:47
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.