| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
GNE Stock Overview
Genesis Energy Limited generates, trades in, and sells electricity to residential and business customers in New Zealand.
Rewards
Risk Analysis
Dividend of 6.01% is not well covered by earnings or forecast to be in the next 3 years
+ 1 more risk
Genesis Energy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$2.90 |
| 52 Week High | NZ$3.95 |
| 52 Week Low | NZ$2.80 |
| Beta | 0.55 |
| 1 Month Change | 3.21% |
| 3 Month Change | -10.51% |
| 1 Year Change | -24.81% |
| 3 Year Change | 8.63% |
| 5 Year Change | 32.80% |
| Change since IPO | 59.95% |
Recent News & Updates
These 4 Measures Indicate That Genesis Energy (NZSE:GNE) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Return Trends At Genesis Energy (NZSE:GNE) Aren't Appealing
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
It Looks Like Shareholders Would Probably Approve Genesis Energy Limited's (NZSE:GNE) CEO Compensation Package
We have been pretty impressed with the performance at Genesis Energy Limited ( NZSE:GNE ) recently and CEO Marc England...
Shareholder Returns
| GNE | NZ Electric Utilities | NZ Market | |
|---|---|---|---|
| 7D | -0.2% | -0.7% | -1.7% |
| 1Y | -24.8% | -9.7% | -8.2% |
Return vs Industry: GNE underperformed the NZ Electric Utilities industry which returned -9.7% over the past year.
Return vs Market: GNE underperformed the NZ Market which returned -8.2% over the past year.
Price Volatility
| GNE volatility | |
|---|---|
| GNE Average Weekly Movement | 3.1% |
| Electric Utilities Industry Average Movement | 2.5% |
| Market Average Movement | 3.8% |
| 10% most volatile stocks in NZ Market | 6.2% |
| 10% least volatile stocks in NZ Market | 2.3% |
Stable Share Price: GNE is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GNE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 1,149 | Marc England | https://www.genesisenergy.co.nz |
Genesis Energy Limited generates, trades in, and sells electricity to residential and business customers in New Zealand. The company generates electricity from thermal, hydro, and wind sources. Its Retail segment supplies energy, including electricity, gas, and LPG to end-users, as well as provides related services.
Genesis Energy Fundamentals Summary
| GNE fundamental statistics | |
|---|---|
| Market Cap | NZ$3.06b |
| Earnings (TTM) | NZ$33.50m |
| Revenue (TTM) | NZ$3.22b |
0.0x
P/E Ratio0.0x
P/S RatioIs GNE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GNE income statement (TTM) | |
|---|---|
| Revenue | NZ$3.22b |
| Cost of Revenue | NZ$2.81b |
| Gross Profit | NZ$410.80m |
| Expenses | NZ$377.30m |
| Earnings | NZ$33.50m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 28, 2022
| Earnings per share (EPS) | 0 |
| Gross Margin | 12.75% |
| Net Profit Margin | 1.04% |
| Debt/Equity Ratio | 65.0% |
How did GNE perform over the long term?
See historical performance and comparisonDividends
6.0%
Current Dividend Yield541%
Payout RatioValuation
Is Genesis Energy 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: GNE (NZ$2.9) is trading below our estimate of fair value (NZ$7.15)
Significantly Below Fair Value: GNE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: Insufficient data to calculate GNE's PE Ratio to determine if it is good value compared to the Global Electric Utilities industry average.
PE vs Market: Insufficient data to calculate GNE's PE Ratio to determine if it is good value compared to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GNE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: Insufficient data to calculate GNE's PB Ratio to determine if it is good value.
Future Growth
How is Genesis Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
18.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNE's forecast earnings growth (18.1% per year) is above the savings rate (2.1%).
Earnings vs Market: GNE's earnings (18.1% per year) are forecast to grow faster than the NZ market (7.4% per year).
High Growth Earnings: GNE's earnings are forecast to grow, but not significantly.
Revenue vs Market: GNE's revenue is expected to decline over the next 3 years (-9.5% per year).
High Growth Revenue: GNE's revenue is forecast to decline over the next 3 years (-9.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GNE's Return on Equity is forecast to be low in 3 years time (6.3%).
Past Performance
How has Genesis Energy performed over the past 5 years?
-33.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNE has a large one-off gain of NZ$11.3M impacting its June 30 2021 financial results.
Growing Profit Margin: GNE's current net profit margins (1%) are lower than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: GNE's earnings have declined by 33% per year over the past 5 years.
Accelerating Growth: GNE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GNE had negative earnings growth (-27.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (-12.6%).
Return on Equity
High ROE: GNE's Return on Equity (1.6%) is considered low.
Financial Health
How is Genesis Energy's financial position?
Financial Position Analysis
Short Term Liabilities: GNE's short term assets (NZ$927.5M) do not cover its short term liabilities (NZ$1.2B).
Long Term Liabilities: GNE's short term assets (NZ$927.5M) do not cover its long term liabilities (NZ$2.0B).
Debt to Equity History and Analysis
Debt Level: GNE's net debt to equity ratio (59.9%) is considered high.
Reducing Debt: GNE's debt to equity ratio has increased from 45.9% to 65% over the past 5 years.
Debt Coverage: GNE's debt is well covered by operating cash flow (24.3%).
Interest Coverage: GNE's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
Dividend
What is Genesis Energy current dividend yield, its reliability and sustainability?
6.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNE's dividend (6.01%) is higher than the bottom 25% of dividend payers in the NZ market (2.69%).
High Dividend: GNE's dividend (6.01%) is in the top 25% of dividend payers in the NZ market (4.99%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GNE has been paying a dividend for less than 10 years.
Growing Dividend: GNE's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (540.8%), GNE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GNE's dividends in 3 years are not forecast to be well covered by earnings (146.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Marc England
5.67yrs
Tenure
NZ$2,357,414
Compensation
Mr. Marc England, MEng (Hons), MBA, has been the Chief Executive Officer of Genesis Energy Limited since May 2016. Mr. England served as an Executive General Manager of New Energy at AGL Energy Limited fro...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD1.60M) is about average for companies of similar size in the NZ market ($USD1.51M).
Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: GNE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
Experienced Board: GNE's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GNE insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
Top Shareholders
Company Information
Genesis Energy Limited's employee growth, exchange listings and data sources
Key Information
- Name: Genesis Energy Limited
- Ticker: GNE
- Exchange: NZSE
- Founded: 1998
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: NZ$3.057b
- Shares outstanding: 1.04b
- Website: https://www.genesisenergy.co.nz
Number of Employees
Location
- Genesis Energy Limited
- Genesis Energy
- Level 6
- Auckland
- 1010
- New Zealand
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 12:19 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.