Genesis Energy Limited

NZSE:GNE Stock Report

Market Cap: NZ$2.5b

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

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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$2.27) is trading above our estimate of fair value (NZ$1.79)

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

Key Valuation Metric

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

Key metric: As GNE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GNE. This is calculated by dividing GNE's market cap by their current earnings.
What is GNE's PE Ratio?
PE Ratio18.8x
EarningsNZ$131.10m
Market CapNZ$2.47b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.4x
CEN Contact Energy
32.3x4.6%NZ$7.6b
MCY Mercury NZ
28.9x3.9%NZ$8.4b
VCT Vector
51.1x17.5%NZ$4.0b
EKTR4 Elektro Redes
9.5xn/aR$8.9b
GNE Genesis Energy
18.8x8.6%NZ$2.5b

Price-To-Earnings vs Peers: GNE is good value based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (30.4x).

Price to Earnings Ratio vs Industry

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

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GNE 18.8xIndustry Avg. 13.6xNo. of Companies29PE0816243240+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GNE is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the Global Electric Utilities industry average (13.6x).

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 Ratio18.8x
Fair PE Ratio33.6x

Price-To-Earnings vs Fair Ratio: GNE is good value based on its Price-To-Earnings Ratio (18.8x) compared to the estimated Fair Price-To-Earnings Ratio (33.6x).

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$2.27
NZ$2.57
+13.3%
13.8%NZ$3.15NZ$2.08n/a5
Dec ’25NZ$2.26
NZ$2.57
+13.5%
13.8%NZ$3.15NZ$2.08n/a5
Nov ’25NZ$2.12
NZ$2.54
+19.6%
12.1%NZ$3.00NZ$2.08n/a5
Oct ’25NZ$2.13
NZ$2.54
+19.3%
10.1%NZ$2.83NZ$2.08n/a5
Sep ’25NZ$2.21
NZ$2.54
+15.0%
10.1%NZ$2.83NZ$2.08n/a5
Aug ’25NZ$2.19
NZ$2.52
+14.9%
8.6%NZ$2.78NZ$2.13n/a5
Jul ’25NZ$2.17
NZ$2.55
+17.8%
9.5%NZ$2.87NZ$2.13n/a5
Jun ’25NZ$2.10
NZ$2.56
+21.7%
9.8%NZ$2.90NZ$2.13n/a5
May ’25NZ$2.35
NZ$2.72
+16.1%
8.9%NZ$3.05NZ$2.30n/a5
Apr ’25NZ$2.46
NZ$2.69
+9.2%
7.5%NZ$2.88NZ$2.30n/a5
Mar ’25NZ$2.47
NZ$2.69
+9.1%
7.7%NZ$2.90NZ$2.30n/a5
Feb ’25NZ$2.54
NZ$2.66
+4.6%
7.2%NZ$2.85NZ$2.29n/a5
Jan ’25NZ$2.51
NZ$2.62
+4.4%
6.6%NZ$2.75NZ$2.29n/a5
Dec ’24NZ$2.37
NZ$2.60
+9.8%
4.2%NZ$2.74NZ$2.45NZ$2.265
Nov ’24NZ$2.31
NZ$2.62
+13.6%
7.0%NZ$2.95NZ$2.40NZ$2.125
Oct ’24NZ$2.44
NZ$2.69
+10.1%
6.3%NZ$3.01NZ$2.52NZ$2.135
Sep ’24NZ$2.51
NZ$2.68
+6.9%
6.1%NZ$3.00NZ$2.52NZ$2.215
Aug ’24NZ$2.71
NZ$2.89
+6.7%
8.9%NZ$3.27NZ$2.60NZ$2.194
Jul ’24NZ$2.73
NZ$2.87
+5.0%
8.6%NZ$3.25NZ$2.60NZ$2.174
Jun ’24NZ$2.73
NZ$2.87
+5.0%
8.6%NZ$3.25NZ$2.60NZ$2.104
May ’24NZ$2.75
NZ$2.84
+3.4%
8.6%NZ$3.25NZ$2.60NZ$2.354
Apr ’24NZ$2.77
NZ$2.88
+3.8%
7.7%NZ$3.21NZ$2.60NZ$2.465
Mar ’24NZ$2.90
NZ$2.89
-0.5%
8.7%NZ$3.29NZ$2.60NZ$2.475
Feb ’24NZ$2.83
NZ$2.89
+2.4%
10.4%NZ$3.31NZ$2.60NZ$2.545
Jan ’24NZ$2.58
NZ$2.84
+10.2%
8.0%NZ$3.20NZ$2.60NZ$2.515
Dec ’23NZ$2.59
NZ$2.86
+10.6%
7.6%NZ$3.20NZ$2.60NZ$2.375

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 02:47
End of Day Share Price 2024/12/31 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Genesis Energy Limited is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Grant SwanepoelCredit Suisse
Grant SwanepoelDeutsche Bank
Graeme MoyseEdison Investment Research