NasdaqGS:GPRE

Stock Analysis Report

Executive Summary

Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally.

Risk Analysis

Debt is not well covered by operating cash flow



Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Green Plains's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GPRE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.4%

GPRE

-1.0%

US Oil and Gas

2.0%

US Market


1 Year Return

-7.8%

GPRE

-7.6%

US Oil and Gas

23.5%

US Market

Return vs Industry: GPRE matched the US Oil and Gas industry which returned -4.8% over the past year.

Return vs Market: GPRE underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

GPREIndustryMarket
7 Day-7.4%-1.0%2.0%
30 Day-19.4%0.06%4.3%
90 Day23.8%6.0%12.2%
1 Year-6.3%-7.8%-4.2%-7.6%26.1%23.5%
3 Year-40.9%-44.7%-8.5%-16.9%53.1%43.2%
5 Year-37.7%-44.2%-11.4%-24.3%75.5%56.1%

Price Volatility Vs. Market

How volatile is Green Plains's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Green Plains undervalued compared to its fair value and its price relative to the market?

0.6x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GPRE ($13.41) is trading above our estimate of fair value ($4.81)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GPRE is good value based on its PB Ratio (0.6x) compared to the US Oil and Gas industry average (1x).


Next Steps

Future Growth

How is Green Plains forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

79.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GPRE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GPRE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GPRE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GPRE's revenue is expected to decline over the next 3 years (-6.4% per year).

High Growth Revenue: GPRE's revenue is forecast to decline over the next 3 years (-6.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GPRE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Green Plains performed over the past 5 years?

-55.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GPRE is currently unprofitable.

Growing Profit Margin: GPRE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GPRE is unprofitable, and losses have increased over the past 5 years at a rate of -55.8% per year.

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

Earnings vs Industry: GPRE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.3%).


Return on Equity

High ROE: GPRE has a negative Return on Equity (-4.72%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Green Plains's financial position?


Financial Position Analysis

Short Term Liabilities: GPRE's short term assets ($622.1M) exceed its short term liabilities ($483.9M).

Long Term Liabilities: GPRE's short term assets ($622.1M) exceed its long term liabilities ($301.7M).


Debt to Equity History and Analysis

Debt Level: GPRE's debt to equity ratio (58.5%) is considered high.

Reducing Debt: GPRE's debt to equity ratio has reduced from 79.7% to 58.5% over the past 5 years.

Debt Coverage: GPRE's debt is not well covered by operating cash flow (1.3%).

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


Balance Sheet

Inventory Level: GPRE has a high level of physical assets or inventory.

Debt Coverage by Assets: GPRE's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is Green Plains's current dividend yield, its reliability and sustainability?

2.47%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage4.1%forecastin3Years2.5%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: GPRE is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Green Plains's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Todd Becker (54yo)

11yrs

Tenure

US$4,572,356

Compensation

Mr. Todd A. Becker serves as the President and Chief Executive officer at Green Plains Grain Company TN LLC. Mr. Becker has been the Chief Executive Officer at Green Plains Inc. since January 1, 2009 and i ...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD4.57M) is above average for companies of similar size in the US market ($USD1.70M).

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


Management Age and Tenure

3.2yrs

Average Tenure

55yo

Average Age

Experienced Management: GPRE's management team is considered experienced (3.2 years average tenure).


Board Age and Tenure

11.0yrs

Average Tenure

58yo

Average Age

Experienced Board: GPRE's board of directors are seasoned and experienced ( 11 years average tenure).


Insider Trading

Insider Buying: GPRE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$32,68020 Dec 19
Michelle Mapes
EntityIndividual
Role
Chief Administrative Officer
Chief Legal & Administration Officer and Corporate Secretary
Shares2,000
Max PriceUS$16.34
SellUS$2,014,67519 Dec 19
Todd Becker
EntityIndividual
Role
Chief Executive Officer
President
Shares125,000
Max PriceUS$16.12
SellUS$607,32809 Dec 19
Todd Becker
EntityIndividual
Role
Chief Executive Officer
President
Shares41,957
Max PriceUS$14.48
SellUS$1,996,73404 Dec 19
Wayne Hoovestol
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares136,336
Max PriceUS$15.01
SellUS$1,247,54504 Dec 19
Todd Becker
EntityIndividual
Role
Chief Executive Officer
President
Shares83,043
Max PriceUS$15.12
SellUS$76,98022 Nov 19
Michelle Mapes
EntityIndividual
Role
Chief Administrative Officer
Chief Legal & Administration Officer and Corporate Secretary
Shares5,000
Max PriceUS$15.40
SellUS$3,373,50313 Nov 19
Mangrove Partners
EntityCompany
Shares223,155
Max PriceUS$15.13
SellUS$1,672,29815 Aug 19
Mangrove Partners
EntityCompany
Shares216,342
Max PriceUS$8.41
BuyUS$107,25015 Aug 19
S. Edwards
EntityIndividual
Role
Member of the Board of Directors
Director
Shares15,000
Max PriceUS$7.15
SellUS$55,81807 Jun 19
Alain Treuer
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares4,296
Max PriceUS$12.99
SellUS$117,92707 Jun 19
Alain Treuer
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares9,029
Max PriceUS$13.06
SellUS$146,71721 Mar 19
Michael Metzler
EntityIndividual
Shares8,432
Max PriceUS$17.40
SellUS$60,18021 Mar 19
Paul Kolomaya
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer
Shares3,500
Max PriceUS$17.50
SellUS$85,59221 Mar 19
Michelle Mapes
EntityIndividual
Role
Chief Administrative Officer
Chief Legal & Administration Officer and Corporate Secretary
Shares5,000
Max PriceUS$17.43
SellUS$80,77515 Mar 19
Michelle Mapes
EntityIndividual
Role
Chief Administrative Officer
Chief Legal & Administration Officer and Corporate Secretary
Shares5,000
Max PriceUS$16.16
SellUS$116,17405 Mar 19
Paul Kolomaya
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer
Shares7,250
Max PriceUS$16.02
SellUS$30,33421 Feb 19
Anthony Vojslavek
EntityIndividual
Shares1,957
Max PriceUS$15.50
SellUS$261,74819 Feb 19
Michael Metzler
EntityIndividual
Shares17,052
Max PriceUS$15.35

Ownership Breakdown

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


Management Team

  • Michelle Mapes (52yo)

    Chief Legal & Administration Officer and Corporate Secretary

    • Tenure: 2yrs
    • Compensation: US$998.33k
  • Todd Becker (54yo)

    President

    • Tenure: 11yrs
    • Compensation: US$4.57m
  • Paul Kolomaya (54yo)

    Chief Accounting Officer

    • Tenure: 0.7yrs
  • George Simpkins (57yo)

    Chief Financial Officer

    • Tenure: 0.7yrs
    • Compensation: US$989.93k
  • Mark Hudak (59yo)

    Executive Vice President of Human Resources

    • Tenure: 6.2yrs
  • Walter Cronin (56yo)

    Executive Vice President of Commercial Operations

    • Tenure: 4.4yrs
    • Compensation: US$1.08m

Board Members

  • Ejnar Knudsen (50yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$200.00k
  • Tom Manuel (72yo)

    Director

    • Tenure: 4.7yrs
    • Compensation: US$200.00k
  • James Crowley (72yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$220.00k
  • Gene Edwards (62yo)

    Director

    • Tenure: 5.6yrs
    • Compensation: US$200.00k
  • Wayne Hoovestol (61yo)

    Chairman of the Board

    • Tenure: 11.3yrs
    • Compensation: US$220.00k
  • Brian Peterson (55yo)

    Independent Director

    • Tenure: 14.7yrs
    • Compensation: US$204.00k
  • Alain Treuer (46yo)

    Vice Chairman of the Board

    • Tenure: 4.4yrs
    • Compensation: US$210.00k
  • Gordon Glade (48yo)

    Independent Director

    • Tenure: 12.1yrs
    • Compensation: US$200.00k
  • Jim Anderson (61yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$200.00k
  • Todd Becker (54yo)

    President

    • Tenure: 11yrs
    • Compensation: US$4.57m

Company Information

Green Plains Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Green Plains Inc.
  • Ticker: GPRE
  • Exchange: NasdaqGS
  • Founded: 2004
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: US$466.974m
  • Shares outstanding: 36.03m
  • Website: https://www.gpreinc.com

Number of Employees


Location

  • Green Plains Inc.
  • 1811 Aksarben Drive
  • Omaha
  • Nebraska
  • 68106
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GPRENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2006
G3VDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2006
0J0PLSE (London Stock Exchange)YesCommon StockGBUSDJun 2006

Biography

Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil. The Agribusiness and Energy Services segment engages in the grain procurement, handling, and storage activities; and commodity marketing business, which purchases, markets, sells, and distributes ethanol, distiller grains, and corn oil, as well as crude oil, grain, natural gas, and other commodities in various markets. This segment also provides grain drying and storage services to grain producers. The Food and Ingredients segment purchases and sells feeder cattle to beef processors; and produces and sells white distilled vinegar and various specialty vinegars, such as balsamic, red wine, white wine, cider, and other varietals primarily to the food industry participants, including branded food companies, private label food manufacturers, and companies serving the foodservice channel. This segment also produces, trades in, and sells corn and soybean oil. The Partnership segment offers fuel storage and transportation services. As of December 31, 2018, this segment operated through 32 ethanol storage facilities; 7 fuel terminal facilities; and a fleet of approximately 2,840 leased railcars. The company was formerly known as Green Plains Renewable Energy, Inc. and changed its name to Green Plains Inc. in May 2014. Green Plains Inc. was founded in 2004 and is headquartered in Omaha, Nebraska. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/17 23:59
End of Day Share Price2020/01/17 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.