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$2.97|
|52 Week High||NZ$3.45|
|52 Week Low||NZ$2.40|
|1 Month Change||8.59%|
|3 Month Change||11.24%|
|1 Year Change||-10.81%|
|3 Year Change||-8.76%|
|5 Year Change||20.73%|
|Change since IPO||64.09%|
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...
|GNE||NZ Electric Utilities||NZ Market|
Return vs Industry: GNE underperformed the NZ Electric Utilities industry which returned -2.8% over the past year.
Return vs Market: GNE matched the NZ Market which returned -11.3% over the past year.
|GNE Average Weekly Movement||3.4%|
|Electric Utilities Industry Average Movement||3.5%|
|Market Average Movement||4.5%|
|10% most volatile stocks in NZ Market||8.1%|
|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
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|
Is GNE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GNE income statement (TTM)|
|Cost of Revenue||NZ$2.78b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 18, 2022
|Earnings per share (EPS)||0.063|
|Net Profit Margin||2.08%|
How did GNE perform over the long term?See historical performance and comparison
5.9%Current Dividend Yield
Is GNE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation 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
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?|
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|
CEN Contact Energy
MNW Manawa Energy
MCY Mercury NZ
GNE Genesis Energy
Price-To-Earnings vs Peers: GNE is good value based on its Price-To-Earnings Ratio (47.1x) compared to the peer average (53.6x).
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 (47.1x) compared to the NZ Electric Utilities industry average (24.8x)
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.
|Current PE Ratio||47.1x|
|Fair PE Ratio||33.2x|
Price-To-Earnings vs Fair Ratio: GNE is expensive based on its Price-To-Earnings Ratio (47.1x) compared to the estimated Fair Price-To-Earnings Ratio (33.2x).
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.
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How is Genesis Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNE's forecast earnings growth (2.6% per year) is above the savings rate (2.1%).
Earnings vs Market: GNE's earnings (2.6% per year) are forecast to grow slower than the NZ market (5.4% 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 (-8.1% per year).
High Growth Revenue: GNE's revenue is forecast to decline over the next 3 years (-8.1% 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 (6.7%).
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How has Genesis Energy performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
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 (8.1%).
Return on Equity
High ROE: GNE's Return on Equity (3.2%) is considered low.
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How is Genesis Energy's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
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$2.0B).
Debt to Equity History and Analysis
Debt Level: GNE's net debt to equity ratio (61.5%) is considered high.
Reducing Debt: GNE's debt to equity ratio has increased from 55.3% to 65% over the past 5 years.
Debt Coverage: GNE's debt is not well covered by operating cash flow (15%).
Interest Coverage: GNE's interest payments on its debt are well covered by EBIT (3.7x coverage).
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What is Genesis Energy current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNE's dividend (5.86%) is higher than the bottom 25% of dividend payers in the NZ market (2.95%).
High Dividend: GNE's dividend (5.86%) is in the top 25% of dividend payers in the NZ market (5.81%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GNE has been paying a dividend for less than 10 years.
Growing Dividend: GNE's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (276.2%), GNE's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (156.8%), GNE's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Marc England, MEng (Hons), MBA, has been the Chief Executive Officer of Genesis Energy Limited since May 2016. Mr. England served as an Executive General Manager of New Energy at AGL Energy Limited fro...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD1.52M) is about average for companies of similar size in the NZ market ($USD1.44M).
Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.
Experienced Management: GNE's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Experienced Board: GNE's board of directors are considered experienced (4.3 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 employee growth, exchange listings and data sources
- Name: Genesis Energy Limited
- Ticker: GNE
- Exchange: NZSE
- Founded: 1998
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: NZ$3.144b
- Shares outstanding: 1.05b
- Website: https://www.genesisenergy.co.nz
Number of Employees
- Genesis Energy Limited
- Genesis Energy
- Level 6
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 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.