| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
GNE Stock Overview
Genesis Energy Limited generates, trades in, and sells electricity to residential and business customers in New Zealand.
Genesis Energy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$2.92 |
| 52 Week High | NZ$3.45 |
| 52 Week Low | NZ$2.40 |
| Beta | 0.53 |
| 1 Month Change | 7.35% |
| 3 Month Change | 9.36% |
| 1 Year Change | -13.86% |
| 3 Year Change | -10.70% |
| 5 Year Change | 17.98% |
| Change since IPO | 61.33% |
Recent News & Updates
Returns On Capital At Genesis Energy (NZSE:GNE) Have Stalled
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Genesis Energy (NZSE:GNE) Has A Pretty Healthy Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Shareholder Returns
| GNE | NZ Electric Utilities | NZ Market | |
|---|---|---|---|
| 7D | -1.4% | 0.9% | 0.3% |
| 1Y | -13.9% | -3.9% | -11.1% |
Return vs Industry: GNE underperformed the NZ Electric Utilities industry which returned -3.9% over the past year.
Return vs Market: GNE underperformed the NZ Market which returned -11.1% over the past year.
Price Volatility
| GNE volatility | |
|---|---|
| GNE Average Weekly Movement | 3.4% |
| Electric Utilities Industry Average Movement | 3.6% |
| Market Average Movement | 4.3% |
| 10% most volatile stocks in NZ Market | 8.3% |
| 10% least volatile stocks in NZ Market | 3.0% |
Stable Share Price: GNE is less volatile than 75% 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$66.20m |
| Revenue (TTM) | NZ$3.18b |
46.3x
P/E Ratio1.0x
P/S RatioIs GNE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GNE income statement (TTM) | |
|---|---|
| Revenue | NZ$3.18b |
| Cost of Revenue | NZ$2.78b |
| Gross Profit | NZ$405.10m |
| Other Expenses | NZ$338.90m |
| Earnings | NZ$66.20m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 18, 2022
| Earnings per share (EPS) | 0.063 |
| Gross Margin | 12.72% |
| Net Profit Margin | 2.08% |
| Debt/Equity Ratio | 65.0% |
How did GNE perform over the long term?
See historical performance and comparisonDividends
6.0%
Current Dividend Yield276%
Payout RatioValuation
Is GNE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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.
| What is GNE's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | NZ$3.06b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 11.7x |
| PEG Ratio | 19.8x |
Price to Earnings Ratio vs Peers
How does GNE's PE Ratio compare to its peers?
| GNE PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 53.4x | ||
CEN Contact Energy | 24.6x | 1.8% | NZ$6.0b |
MNW Manawa Energy | 18.1x | -1.8% | NZ$1.9b |
MCY Mercury NZ | 20.9x | -8.1% | NZ$9.2b |
IFT Infratil | 149.8x | 41.9% | NZ$6.5b |
GNE Genesis Energy | 46.3x | 2.3% | NZ$3.1b |
Price-To-Earnings vs Peers: GNE is good value based on its Price-To-Earnings Ratio (46.3x) compared to the peer average (53.4x).
Price to Earnings Ratio vs Industry
How does GNE's PE Ratio compare vs other companies in the Global Electric Utilities Industry?
Price-To-Earnings vs Industry: GNE is expensive based on its Price-To-Earnings Ratio (46.3x) compared to the NZ Electric Utilities industry average (24.6x)
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 46.3x |
| Fair PE Ratio | 33x |
Price-To-Earnings vs Fair Ratio: GNE is expensive based on its Price-To-Earnings Ratio (46.3x) compared to the estimated Fair Price-To-Earnings Ratio (33x).
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$2.97) is trading below our estimate of fair value (NZ$7.34)
Significantly Below Fair Value: GNE is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is lower than the current share price.
Discover undervalued companies
Future Growth
How is Genesis Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
2.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNE's forecast earnings growth (2.3% per year) is above the savings rate (2.1%).
Earnings vs Market: GNE's earnings (2.3% per year) are forecast to grow slower than the NZ market (5.3% 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 (-7.9% per year).
High Growth Revenue: GNE's revenue is forecast to decline over the next 3 years (-7.9% 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 (6.6%).
Discover growth companies
Past Performance
How has Genesis Energy performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-24.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNE has high quality earnings.
Growing Profit Margin: GNE's current net profit margins (2.1%) are lower than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: GNE's earnings have declined by 24.2% 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 (-25.5%) over the past year, making it difficult to compare to the Electric Utilities industry average (9.2%).
Return on Equity
High ROE: GNE's Return on Equity (3.2%) is considered low.
Discover strong past performing companies
Financial Health
How is Genesis Energy's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: GNE's short term assets (NZ$646.3M) do not cover its short term liabilities (NZ$752.1M).
Long Term Liabilities: GNE's short term assets (NZ$646.3M) 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 (61.5%) is considered high.
Reducing Debt: GNE's debt to equity ratio has increased from 55.3% to 65% over the past 5 years.
Debt Coverage: GNE's debt is not well covered by operating cash flow (15%).
Interest Coverage: GNE's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is Genesis Energy current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
5.96%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNE's dividend (5.96%) is higher than the bottom 25% of dividend payers in the NZ market (2.95%).
High Dividend: GNE's dividend (5.96%) is in the top 25% of dividend payers in the NZ market (5.91%)
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 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (276.2%), GNE's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (156.8%), GNE's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
0.9yrs
Average management tenure
CEO
Marc England
6.25yrs
Tenure
NZ$2,357,414
Compensation
Mr. Marc England, MEng (Hons), MBA, has been the Chief Executive Officer of Genesis Energy Limited since May 2016. Mr. England served as an Executive General Manager of New Energy at AGL Energy Limited fro...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD1.48M) is about average for companies of similar size in the NZ market ($USD1.41M).
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 ( 0.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: GNE's board of directors are considered experienced (4.3 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully 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$3.065b
- Shares outstanding: 1.05b
- 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 | 2022/08/10 00:00 |
| End of Day Share Price | 2022/08/10 00:00 |
| Earnings | 2021/12/31 |
| 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.