We’ve recently updated our valuation analysis.

Genesis Energy Valuation

Is GNE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GNE?

Other financial metrics that can be useful for relative valuation.

GNE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA10.5x
PEG Ratio-0.8x

Price to Earnings Ratio vs Peers

How does GNE's PE Ratio compare to its peers?

The above table shows the PE ratio for GNE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average42.6x
CEN Contact Energy
33.6x5.7%NZ$6.1b
MCY Mercury NZ
18.6x-11.8%NZ$8.7b
IFT Infratil
69.7x-28.4%NZ$6.5b
MNW Manawa Energy
48.1x19.0%NZ$1.7b
GNE Genesis Energy
13.6x-16.4%NZ$3.0b

Price-To-Earnings vs Peers: GNE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (42.6x).


Price to Earnings Ratio vs Industry

How does GNE's PE Ratio compare vs other companies in the Global Electric Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-10.4%
n/an/an/a

Price-To-Earnings vs Industry: GNE is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the Global Electric Utilities industry average (11.8x)


Price to Earnings Ratio vs Fair Ratio

What is GNE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GNE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio21.6x

Price-To-Earnings vs Fair Ratio: GNE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).


Share Price vs Fair Value

What is the Fair Price of GNE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GNE (NZ$2.84) is trading above our estimate of fair value (NZ$2.42)

Significantly Below Fair Value: GNE is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GNE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNZ$2.84
NZ$2.83
-0.2%
8.3%NZ$3.20NZ$2.60n/a5
Jan ’24NZ$2.58
NZ$2.84
+10.2%
8.0%NZ$3.20NZ$2.60n/a5
Dec ’23NZ$2.59
NZ$2.86
+10.6%
7.6%NZ$3.20NZ$2.60n/a5
Nov ’23NZ$2.83
NZ$2.89
+2.3%
7.0%NZ$3.20NZ$2.60n/a5
Oct ’23NZ$2.74
NZ$2.94
+7.2%
8.3%NZ$3.23NZ$2.60n/a5
Sep ’23NZ$2.97
NZ$2.90
-2.4%
7.2%NZ$3.20NZ$2.60n/a5
Aug ’23NZ$2.88
NZ$2.81
-2.5%
5.9%NZ$3.00NZ$2.50n/a5
Jul ’23NZ$2.71
NZ$2.77
+2.1%
6.7%NZ$3.00NZ$2.50n/a5
Jun ’23NZ$2.65
NZ$2.79
+5.4%
7.4%NZ$3.00NZ$2.50n/a5
May ’23NZ$2.87
NZ$2.87
+0.3%
6.7%NZ$3.00NZ$2.50n/a5
Apr ’23NZ$2.86
NZ$2.89
+1.2%
7.6%NZ$3.17NZ$2.50n/a5
Mar ’23NZ$2.78
NZ$2.93
+5.3%
7.7%NZ$3.13NZ$2.50n/a5
Feb ’23NZ$2.74
NZ$3.08
+12.6%
10.6%NZ$3.42NZ$2.50NZ$2.835
Jan ’23NZ$2.86
NZ$3.09
+8.2%
10.6%NZ$3.42NZ$2.50NZ$2.585
Dec ’22NZ$3.00
NZ$3.19
+6.3%
12.0%NZ$3.60NZ$2.50NZ$2.595
Nov ’22NZ$3.28
NZ$3.19
-2.6%
12.0%NZ$3.60NZ$2.50NZ$2.835
Oct ’22NZ$3.28
NZ$3.22
-1.9%
12.6%NZ$3.60NZ$2.50NZ$2.745
Sep ’22NZ$3.39
NZ$3.24
-4.4%
13.2%NZ$3.71NZ$2.50NZ$2.975
Aug ’22NZ$3.43
NZ$3.27
-4.8%
14.9%NZ$3.85NZ$2.40NZ$2.886
Jul ’22NZ$3.46
NZ$3.25
-6.1%
14.4%NZ$3.75NZ$2.40NZ$2.716
Jun ’22NZ$3.40
NZ$3.29
-3.2%
14.8%NZ$3.75NZ$2.40NZ$2.656
May ’22NZ$3.44
NZ$3.29
-4.4%
14.8%NZ$3.75NZ$2.40NZ$2.876
Apr ’22NZ$3.50
NZ$3.31
-5.4%
15.2%NZ$3.85NZ$2.40NZ$2.866
Mar ’22NZ$3.52
NZ$3.31
-5.9%
15.2%NZ$3.85NZ$2.40NZ$2.786
Feb ’22NZ$3.88
NZ$3.17
-18.4%
17.7%NZ$4.00NZ$2.40NZ$2.746

Analyst Forecast: Target price is lower than the current share price.


Discover undervalued companies