ENXTLS:GALP

Stock Analysis Report

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Executive Summary

Galp Energia, SGPS, S.A. operates as integrated energy operator in Portugal and internationally. More Details


Snowflake Analysis

Reasonable growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Galp Energia SGPS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GALP is more volatile than 75% of Portuguese stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: GALP's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Portuguese stocks.


Market Performance


7 Day Return

8.0%

GALP

5.1%

PT Oil and Gas

3.1%

PT Market


1 Year Return

-35.3%

GALP

-26.3%

PT Oil and Gas

1.5%

PT Market

Return vs Industry: GALP underperformed the Portuguese Oil and Gas industry which returned -26.4% over the past year.

Return vs Market: GALP underperformed the Portuguese Market which returned 1.5% over the past year.


Shareholder returns

GALPIndustryMarket
7 Day8.0%5.1%3.1%
30 Day40.1%32.4%15.2%
90 Day4.6%9.4%8.9%
1 Year-32.9%-35.3%-21.9%-26.3%5.4%1.5%
3 Year-32.6%-40.3%-2.5%-17.1%15.0%2.4%
5 Year17.6%-3.2%31.5%0.6%26.7%-40.1%

Long-Term Price Volatility Vs. Market

How volatile is Galp Energia SGPS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Galp Energia SGPS undervalued compared to its fair value and its price relative to the market?

2.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GALP (€9.56) is trading above our estimate of fair value (€9.02)

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


Price To Earnings Ratio

PE vs Industry: GALP is unprofitable, so we can't compare its PE Ratio to the XE Oil and Gas industry average.

PE vs Market: GALP is unprofitable, so we can't compare its PE Ratio to the Portuguese market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GALP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GALP is overvalued based on its PB Ratio (2.3x) compared to the XE Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Galp Energia SGPS forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

57.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GALP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).

Earnings vs Market: GALP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GALP's is expected to become profitable in the next 3 years.

Revenue vs Market: GALP's revenue (15.8% per year) is forecast to grow faster than the Portuguese market (6% per year).

High Growth Revenue: GALP's revenue (15.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GALP's Return on Equity is forecast to be low in 3 years time (19.9%).


Next Steps

Past Performance

How has Galp Energia SGPS performed over the past 5 years?

3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GALP is currently unprofitable.

Growing Profit Margin: GALP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GALP is unprofitable, but has reduced losses over the past 5 years at a rate of 3.5% per year.

Accelerating Growth: Unable to compare GALP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GALP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-20.7%).


Return on Equity

High ROE: GALP has a negative Return on Equity (-9.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is Galp Energia SGPS's financial position?


Financial Position Analysis

Short Term Liabilities: GALP's short term assets (€4.3B) exceed its short term liabilities (€2.5B).

Long Term Liabilities: GALP's short term assets (€4.3B) do not cover its long term liabilities (€6.0B).


Debt to Equity History and Analysis

Debt Level: GALP's debt to equity ratio (87.1%) is considered high.

Reducing Debt: GALP's debt to equity ratio has increased from 62.1% to 87.1% over the past 5 years.

Debt Coverage: GALP's debt is well covered by operating cash flow (29.2%).

Interest Coverage: Insufficient data to determine if GALP's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Galp Energia SGPS current dividend yield, its reliability and sustainability?

6.38%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GALP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GALP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GALP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GALP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GALP is not paying a notable dividend for the Portuguese market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GALP's dividend in 3 years as they are not forecast to pay a notable one for the Portuguese market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

Carlos Nuno Gomes da Silva (53 yo)

5.58yrs

Tenure

€1,778,789

Compensation

Mr. Carlos Nuno Gomes da Silva, Eng. has been the Chief Executive Officer of Galp Energia, SGPS, S.A., since April 16, 2015 and has been its Director since April 26, 2007. Mr. da Silva also serves as Vice ...


CEO Compensation Analysis

Compensation vs Market: Carlos Nuno's total compensation ($USD2.13M) is about average for companies of similar size in the Portuguese market ($USD2.57M).

Compensation vs Earnings: Carlos Nuno's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Carlos Nuno Gomes da Silva
Vice Chairman & CEO5.58yrs€1.78m0.0021%
€ 166.4k
Filipe Silva
CFO & Executive Director8.33yrs€700.20k0.0024%
€ 191.0k
Carlos Manuel Pina
COO & Executive Director8.58yrs€700.20k0.00027%
€ 21.4k
José Da Silva Costa
Executive Director & COO8yrs€840.01k0.000030%
€ 2.4k
Thore Kristiansen
COO & Executive Director6.08yrs€923.37kno data
Sofia Fernandes Tenreiro
COO & Executive Director1.58yrs€498.96k0.00018%
€ 14.3k
Susana Quintana-Plaza
COO & Executive Director1.58yrs€603.44kno data
Pedro Dias
Head of Strategy & Investor Relationsno datano datano data
Otelo Ruivo
Head of Investor Relationsno datano datano data
Tiago Villas-Boas
Chief Financial Officer of Exploration & Production Business Segment6.5yrsno datano data
Rui De Neves
Company Secretaryno datano datano data

5.6yrs

Average Tenure

53yo

Average Age

Experienced Management: GALP's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Carlos Nuno Gomes da Silva
Vice Chairman & CEO5.58yrs€1.78m0.0021%
€ 166.4k
Filipe Silva
CFO & Executive Director8.33yrs€700.20k0.0024%
€ 191.0k
Carlos Manuel Pina
COO & Executive Director8.58yrs€700.20k0.00027%
€ 21.4k
José Da Silva Costa
Executive Director & COO8yrs€840.01k0.000030%
€ 2.4k
Thore Kristiansen
COO & Executive Director6.08yrs€923.37kno data
Sofia Fernandes Tenreiro
COO & Executive Director1.58yrs€498.96k0.00018%
€ 14.3k
Susana Quintana-Plaza
COO & Executive Director1.58yrs€603.44kno data
Luís Manuel Todo-Bom
Independent Non-Executive Director8yrs€76.53kno data
Miguel Jose Pereira Marques
Independent Vice Chairman & Lead Independent Director4.08yrs€96.95k0.00022%
€ 17.4k
Diogo Mendonça Tavares
Non-Executive Director14.75yrs€72.22k0.0037%
€ 291.7k
Paula Fernanda Amorim
Chairman of the Board4.08yrsno datano data
José Alves
Chairman of the Audit Board1.58yrsno datano data

5.8yrs

Average Tenure

56.5yo

Average Age

Experienced Board: GALP's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Galp Energia, SGPS, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Galp Energia, SGPS, S.A.
  • Ticker: GALP
  • Exchange: ENXTLS
  • Founded: 1999
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: €7.926b
  • Shares outstanding: 829.25m
  • Website: https://www.galp.com

Number of Employees


Location

  • Galp Energia, SGPS, S.A.
  • Rua Tomás da Fonseca - Torre A
  • Lisbon
  • Lisbon
  • 1600-209
  • Portugal

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GALPENXTLS (Euronext Lisbon)YesCategory B SharesPTEUROct 2006
GZ5DB (Deutsche Boerse AG)YesCategory B SharesDEEUROct 2006
0B67LSE (London Stock Exchange)YesCategory B SharesGBEUROct 2006
GLPE.FOTCPK (Pink Sheets LLC)YesCategory B SharesUSUSDOct 2006
GALPUBATS-CHIXE (BATS 'Chi-X Europe')YesCategory B SharesGBEUROct 2006
GALP NBMV (Bolsa Mexicana de Valores)YesCategory B SharesMXMXNOct 2006
GLPE.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Galp Energia, SGPS, S.A. operates as integrated energy operator in Portugal and internationally. The company operates through Exploration and Production, Refining and Marketing, and Gas and Power segments....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 20:34
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.