Genesis Energy Limited generates, trades in, and sells electricity to residential and business customers in New Zealand. More Details
Fair value with limited growth.
Share Price & News
How has Genesis Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GNE is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: GNE's weekly volatility (4%) has been stable over the past year.
7 Day Return
NZ Electric Utilities
1 Year Return
NZ Electric Utilities
Return vs Industry: GNE underperformed the NZ Electric Utilities industry which returned 29.8% over the past year.
Return vs Market: GNE exceeded the NZ Market which returned 10.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Genesis Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Genesis Energy (NZSE:GNE) Likely To Turn Things Around?
3 weeks ago | Simply Wall StShareholders Of Genesis Energy (NZSE:GNE) Must Be Happy With Their 180% Total Return
1 month ago | Simply Wall StIs Genesis Energy (NZSE:GNE) Using Too Much Debt?
Is Genesis 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: GNE (NZ$3.83) is trading below our estimate of fair value (NZ$6.35)
Significantly Below Fair Value: GNE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GNE is poor value based on its PE Ratio (85.5x) compared to the NZ Electric Utilities industry average (48.5x).
PE vs Market: GNE is poor value based on its PE Ratio (85.5x) compared to the NZ market (25.1x).
Price to Earnings Growth Ratio
PEG Ratio: GNE is poor value based on its PEG Ratio (5.2x)
Price to Book Ratio
PB vs Industry: GNE is good value based on its PB Ratio (1.9x) compared to the NZ Electric Utilities industry average (2.5x).
How is Genesis Energy forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNE's forecast earnings growth (16.3% per year) is above the savings rate (2.3%).
Earnings vs Market: GNE's earnings (16.3% per year) are forecast to grow faster than the NZ market (11.7% 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 (-3.8% per year).
High Growth Revenue: GNE's revenue is forecast to decline over the next 3 years (-3.8% 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%).
How has Genesis Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNE has high quality earnings.
Growing Profit Margin: GNE's current net profit margins (1.8%) are lower than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: GNE's earnings have declined by 28.1% 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 (-21.9%) over the past year, making it difficult to compare to the Electric Utilities industry average (-21.9%).
Return on Equity
High ROE: GNE's Return on Equity (2.2%) is considered low.
How is Genesis Energy's financial position?
Financial Position Analysis
Short Term Liabilities: GNE's short term assets (NZ$439.5M) exceed its short term liabilities (NZ$301.3M).
Long Term Liabilities: GNE's short term assets (NZ$439.5M) do not cover its long term liabilities (NZ$2.2B).
Debt to Equity History and Analysis
Debt Level: GNE's debt to equity ratio (63%) is considered high.
Reducing Debt: GNE's debt to equity ratio has increased from 52.5% to 63% over the past 5 years.
Debt Coverage: GNE's debt is well covered by operating cash flow (23.6%).
Interest Coverage: GNE's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is Genesis Energy current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNE's dividend (4.5%) is higher than the bottom 25% of dividend payers in the NZ market (2.24%).
High Dividend: GNE's dividend (4.5%) is in the top 25% of dividend payers in the NZ market (4.1%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GNE has been paying a dividend for less than 10 years.
Growing Dividend: GNE's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (384.6%), GNE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GNE's dividends in 3 years are not forecast to be well covered by earnings (157.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Marc England, MEng (Hons), MBA, has been the Chief Executive Officer of Genesis Energy Limited since May 2016. Mr. England served as an Executive General Manager of New Energy at AGL Energy Limited fro...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD1.49M) is about average for companies of similar size in the NZ market ($USD1.39M).
Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||4.67yrs||NZ$2.07m||0.045% |
|Chief Financial Officer||4.5yrs||no data||0.013% |
|Chief Operations Officer||0.33yr||no data||0.0050% |
|Investor Relations Manager||no data||no data||no data|
|Communications Manager||no data||no data||no data|
|Chief People Officer||4.25yrs||no data||0.0062% |
|Chief Customer Officer||0.33yr||no data||0.012% |
|Chief Digital Officer||0.33yr||no data||0.0072% |
|Chief Corporate Affairs Officer||0.33yr||no data||0.0023% |
|Chief Trading Officer||0.33yr||no data||0.0022% |
|Assistant Company Secretary||no data||no data||no data|
Experienced Management: GNE's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
|Independent Non-Executive Director||4.17yrs||NZ$102.50k||0.0039% |
|Independent Non-Executive Director||4.25yrs||NZ$102.50k||no data|
|Independent Chairman||2.25yrs||NZ$180.00k||0.0010% |
|Non-Executive Independent Director||1.83yrs||NZ$110.52k||0.00096% |
|Independent Director||4.42yrs||NZ$109.50k||0.0018% |
|Independent Director||6.58yrs||NZ$110.00k||0.0019% |
|Independent Director||2.25yrs||NZ$102.00k||0.0014% |
Experienced Board: GNE's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GNE 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.
Genesis Energy Limited's company bio, employee growth, exchange listings and data sources
- Name: Genesis Energy Limited
- Ticker: GNE
- Exchange: NZSE
- Founded: 1998
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: NZ$3.941b
- Shares outstanding: 1.04b
- Website: https://www.genesisenergy.co.nz
Number of Employees
- Genesis Energy Limited
- Genesis Energy Building
- 660 Great South Road
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GNE||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Apr 2014|
|GNE||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Apr 2014|
|GNE||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Apr 2014|
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/26 06:02|
|End of Day Share Price||2021/01/26 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.