ContourGlobal
Market Cap
UK£1.3b
Last Updated
2020/06/06 01:01 UTC
Data Sources
Company Financials +
Executive Summary
ContourGlobal plc, together with its subsidiaries, acquires, owns, develops, and operates wholesale power generation businesses in Europe, Latin America, and Africa.
Rewards
Risk Analysis
Dividend of 6.38% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
High growth potential with proven track record.
Share Price & News
How has ContourGlobal's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GLO's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
11.9%
GLO
12.6%
GB Renewable Energy
5.8%
GB Market
1 Year Return
-0.2%
GLO
-10.1%
GB Renewable Energy
-9.1%
GB Market
Return vs Industry: GLO exceeded the UK Renewable Energy industry which returned -10.8% over the past year.
Return vs Market: GLO exceeded the UK Market which returned -10% over the past year.
Shareholder returns
| GLO | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.9% | 12.6% | 5.8% |
| 30 Day | 30.0% | 24.7% | 9.7% |
| 90 Day | 19.4% | 9.5% | 3.2% |
| 1 Year | 6.7%-0.2% | -4.1%-10.1% | -4.8%-9.1% |
| 3 Year | n/a | -29.1%-37.4% | -1.0%-13.0% |
| 5 Year | n/a | 89.7%67.1% | 18.4%-7.9% |
Price Volatility Vs. Market
How volatile is ContourGlobal's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
ContourGlobal plc (LON:GLO) Insiders Increased Their Holdings3 weeks ago | Simply Wall St
We Think ContourGlobal (LON:GLO) Is Taking Some Risk With Its Debt1 month ago | Simply Wall St
Are ContourGlobal's (LON:GLO) Statutory Earnings A Good Reflection Of Its Earnings Potential?Valuation
Is ContourGlobal 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: GLO (£2.02) is trading below our estimate of fair value (£5.71)
Significantly Below Fair Value: GLO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GLO is poor value based on its PE Ratio (61.6x) compared to the Renewable Energy industry average (27x).
PE vs Market: GLO is poor value based on its PE Ratio (61.6x) compared to the UK market (15x).
Price to Earnings Growth Ratio
PEG Ratio: GLO is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: GLO is overvalued based on its PB Ratio (4.4x) compared to the GB Renewable Energy industry average (0.9x).
Next Steps
Future Growth
How is ContourGlobal forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
29.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GLO's forecast earnings growth (29.7% per year) is above the savings rate (1.2%).
Earnings vs Market: GLO's earnings (29.7% per year) are forecast to grow faster than the UK market (21.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GLO's revenue (6.5% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: GLO's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GLO's Return on Equity is forecast to be high in 3 years time (30.3%)
Next Steps
Past Performance
How has ContourGlobal performed over the past 5 years?
60.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GLO has a large one-off loss of $27.2M impacting its December 31 2019 financial results.
Growing Profit Margin: GLO's current net profit margins (2.1%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: GLO has become profitable over the past 5 years, growing earnings by 60.6% per year.
Accelerating Growth: GLO's earnings growth over the past year (84.7%) exceeds its 5-year average (60.6% per year).
Earnings vs Industry: GLO earnings growth over the past year (84.7%) exceeded the Renewable Energy industry 21.9%.
Return on Equity
High ROE: GLO's Return on Equity (4.2%) is considered low.
Next Steps
Financial Health
How is ContourGlobal's financial position?
Financial Position Analysis
Short Term Liabilities: GLO's short term assets ($1.2B) exceed its short term liabilities ($876.8M).
Long Term Liabilities: GLO's short term assets ($1.2B) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: GLO's debt to equity ratio (759.2%) is considered high.
Reducing Debt: GLO's debt to equity ratio has increased from 538.9% to 759.2% over the past 5 years.
Debt Coverage: GLO's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: GLO's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
Next Steps
Dividend
What is ContourGlobal's current dividend yield, its reliability and sustainability?
6.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GLO's dividend (6.38%) is higher than the bottom 25% of dividend payers in the UK market (1.98%).
High Dividend: GLO's dividend (6.38%) is in the top 25% of dividend payers in the UK market (5.5%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GLO has been paying a dividend for less than 10 years.
Growing Dividend: GLO's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (357.4%), GLO's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GLO's dividends in 3 years are not forecast to be well covered by earnings (101.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Joe Brandt (53yo)
15.42yrs
Tenure
US$1,944,000
Compensation
Mr. Joseph C. Brandt, also known as Joe, has been Chief Executive Officer and President of ContourGlobal plc since 2005. He serves as Chief Executive Officer and President at Contour Power Global Holdings. ...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD1.94M) is about average for companies of similar size in the UK market ($USD1.68M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.42yrs | US$1.94m | 0.27% $3.6m | |
| EVP, Global CFO & Director | 1.17yrs | US$737.79k | no data | |
| Executive VP & COO of Contour Global GP Ltd | 8.58yrs | no data | no data | |
| Global Chief Information Officer & COO of Renewables Division | no data | no data | no data | |
| Senior Vice President of Investor Relations | 0.50yr | no data | no data | |
| Executive VP & General Counsel | 6.5yrs | no data | no data | |
| Executive VP & Global Chief Compliance Officer | no data | no data | no data | |
| Executive VP of Eastern Europe & CEO of Kosovo Development Project - Contour Global GP Ltd | no data | no data | no data | |
| Executive VP & CFO of Contour Global GP Ltd | 7.42yrs | no data | no data | |
| Executive Vice President of Business Development for Africa - Contour Global GP Ltd | no data | no data | no data |
7.0yrs
Average Tenure
55yo
Average Age
Experienced Management: GLO's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.42yrs | US$1.94m | 0.27% $3.6m | |
| EVP, Global CFO & Director | 1.17yrs | US$737.79k | no data | |
| Senior Independent Director | no data | US$98.00k | 0.030% $403.1k | |
| Chairman | 14.42yrs | US$320.00k | no data | |
| Independent Non-Executive Director | 4.17yrs | US$87.00k | 0.0053% $70.6k | |
| Non-Executive Director | 2.67yrs | US$70.00k | no data | |
| Independent Non-Executive Director | 1yr | US$35.00k | no data | |
| Independent Non-Executive Director | 5.08yrs | US$87.00k | 0.0036% $48.4k | |
| Non-Executive Director | 12.42yrs | US$70.00k | no data |
4.2yrs
Average Tenure
57yo
Average Age
Experienced Board: GLO's board of directors are considered experienced (4.2 years average tenure).
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
ContourGlobal plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ContourGlobal plc
- Ticker: GLO
- Exchange: LSE
- Founded: 2005
- Industry: Independent Power Producers and Energy Traders
- Sector: Utilities
- Market Cap: UK£1.344b
- Shares outstanding: 667.20m
- Website: https://www.contourglobal.com
Number of Employees
Location
- ContourGlobal plc
- Park House
- 7th Floor
- London
- Greater London
- W1K 6SS
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GLO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Nov 2017 |
| C94 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Nov 2017 |
| GLOL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Nov 2017 |
Biography
ContourGlobal plc, together with its subsidiaries, acquires, owns, develops, and operates wholesale power generation businesses in Europe, Latin America, and Africa. The company operates in Thermal Energy and Renewable Energy segments. It generates electricity from coal, lignite, natural gas, fuel oil, diesel, wind, solar, and hydro power plants with total installed capacity of 4.8 GW. The company was founded in 2005 and is based in London, the United Kingdom. ContourGlobal plc is a subsidiary of ContourGlobal LP.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 01:01 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.