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New Concept Energy

AMEX:GBR
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GBR
AMEX
$10M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

New Concept Energy, Inc., through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the United States. The last earnings update was 45 days ago. More info.


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GBR Share Price and Events
7 Day Returns
1.6%
AMEX:GBR
-1.6%
US Oil and Gas
-3.9%
US Market
1 Year Returns
42.3%
AMEX:GBR
-16.8%
US Oil and Gas
1.4%
US Market
GBR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Concept Energy (GBR) 1.6% -8% 11.4% 42.3% 126.7% -20.7%
US Oil and Gas -1.6% -6.5% -1.2% -16.8% -2.4% -33.6%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • GBR outperformed the Oil and Gas industry which returned -16.8% over the past year.
  • GBR outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
GBR
Industry
5yr Volatility vs Market

GBR Value

 Is New Concept Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for New Concept Energy. This is due to cash flow or dividend data being unavailable. The share price is $1.95.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for New Concept Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Concept Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:GBR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.21
AMEX:GBR Share Price ** AMEX (2019-05-15) in USD $1.95
United States of America Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 12.46x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of New Concept Energy.

AMEX:GBR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:GBR Share Price ÷ EPS (both in USD)

= 1.95 ÷ -0.21

-9.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Concept Energy is loss making, we can't compare its value to the US Oil and Gas industry average.
  • New Concept Energy is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does New Concept Energy's expected growth come at a high price?
Raw Data
AMEX:GBR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for New Concept Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on New Concept Energy's assets?
Raw Data
AMEX:GBR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.93
AMEX:GBR Share Price * AMEX (2019-05-15) in USD $1.95
United States of America Oil and Gas Industry PB Ratio Median Figure of 194 Publicly-Listed Oil and Gas Companies 1.01x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
AMEX:GBR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:GBR Share Price ÷ Book Value per Share (both in USD)

= 1.95 ÷ 0.93

2.1x

* Primary Listing of New Concept Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Concept Energy is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess New Concept Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. New Concept Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GBR Future Performance

 How is New Concept Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as New Concept Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Concept Energy expected to grow at an attractive rate?
  • Unable to compare New Concept Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare New Concept Energy's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare New Concept Energy's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:GBR Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:GBR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:GBR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -1 0
2018-09-30 1 0 -3
2018-06-30 1 0 -3
2018-03-31 1 0 -3
2017-12-31 1 0 -3
2017-09-30 1 0 0
2017-06-30 1 0 0
2017-03-31 1 0 0
2016-12-31 1 0 0
2016-09-30 -1 0 -4
2016-06-30 -1 0 -4
2016-03-31 0 1 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if New Concept Energy is high growth as no earnings estimate data is available.
  • Unable to determine if New Concept Energy is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:GBR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from New Concept Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:GBR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.21
2018-09-30 -1.50
2018-06-30 -1.53
2018-03-31 -1.56
2017-12-31 -1.59
2017-09-30 0.17
2017-06-30 0.14
2017-03-31 0.11
2016-12-31 0.02
2016-09-30 -2.05
2016-06-30 -2.00
2016-03-31 -1.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if New Concept Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine New Concept Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. New Concept Energy's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. New Concept Energy's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess New Concept Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
New Concept Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GBR Past Performance

  How has New Concept Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare New Concept Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • New Concept Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare New Concept Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare New Concept Energy's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
New Concept Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from New Concept Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:GBR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.68 -0.48 0.35
2018-09-30 0.70 -3.27 0.37
2018-06-30 0.73 -3.25 0.37
2018-03-31 0.80 -3.20 0.38
2017-12-31 0.79 -3.24 0.41
2017-09-30 0.82 0.34 0.35
2017-06-30 0.81 0.27 0.31
2017-03-31 0.74 0.22 0.29
2016-12-31 0.76 0.04 0.35
2016-09-30 -1.50 -4.00 0.44
2016-06-30 -0.68 -3.90 0.56
2016-03-31 0.15 -3.62 0.62
2015-12-31 0.82 -2.95 0.61
2015-09-30 3.85 -0.09 0.70
2015-06-30 3.97 -0.22 0.74
2015-03-31 4.18 -0.43 0.79
2014-12-31 1.49 -1.08 0.82
2014-09-30 4.55 -0.22 0.59
2014-06-30 4.43 0.12 1.29
2014-03-31 4.27 0.36 0.52
2013-12-31 4.22 0.43 0.50
2013-09-30 4.10 0.39 2.39
2013-06-30 4.06 1.77 -0.11
2013-03-31 4.00 1.47 0.59
2012-12-31 3.94 0.17 0.58
2012-09-30 3.80 -11.82 -1.07
2012-06-30 3.83 -13.39 0.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if New Concept Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if New Concept Energy has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if New Concept Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess New Concept Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
New Concept Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GBR Health

 How is New Concept Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up New Concept Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Concept Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Concept Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of New Concept Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 17.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from New Concept Energy Company Filings, last reported 4 months ago.

AMEX:GBR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.76 0.26 0.36
2018-09-30 0.38 0.27 0.27
2018-06-30 0.50 0.29 0.28
2018-03-31 0.50 0.30 0.40
2017-12-31 0.64 0.32 0.42
2017-09-30 3.32 0.34 0.43
2017-06-30 3.43 0.36 0.43
2017-03-31 3.56 0.38 0.52
2016-12-31 3.72 0.39 0.11
2016-09-30 3.08 1.95 0.53
2016-06-30 3.24 1.97 0.47
2016-03-31 3.38 1.98 0.55
2015-12-31 3.67 2.04 0.47
2015-09-30 6.64 2.06 0.58
2015-06-30 6.72 2.08 0.44
2015-03-31 6.61 2.24 0.41
2014-12-31 6.29 2.31 0.30
2014-09-30 6.73 2.34 0.31
2014-06-30 6.93 2.40 0.30
2014-03-31 7.03 2.31 0.44
2013-12-31 7.07 2.38 1.62
2013-09-30 6.95 2.39 1.28
2013-06-30 6.82 2.37 0.96
2013-03-31 6.68 2.39 0.69
2012-12-31 6.65 2.37 0.40
2012-09-30 6.56 2.35 0.24
2012-06-30 5.04 2.33 0.10
  • New Concept Energy's level of debt (5.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33.6% vs 5.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • New Concept Energy has less than a year of cash runway based on current free cash flow.
  • New Concept Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 95.8% each year.
X
Financial health checks
We assess New Concept Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. New Concept Energy has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GBR Dividends

 What is New Concept Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from New Concept Energy dividends.
If you bought $2,000 of New Concept Energy shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate New Concept Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate New Concept Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:GBR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as New Concept Energy has not reported any payouts.
  • Unable to verify if New Concept Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of New Concept Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as New Concept Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess New Concept Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can New Concept Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Concept Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GBR Management

 What is the CEO of New Concept Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gene Bertcher
AGE 69
TENURE AS CEO 12.4 years
CEO Bio

Mr. Gene S. Bertcher served as the Chief Financial Officer of Pillar Income Asset Management, Inc. and has been its Executive Vice President since April 30, 2011. He serves as Chief Accounting Officer at Pillar Income Asset Management, Inc. Mr. Bertcher has been the Chairman and Chief Executive Officer at New Concept Energy, Inc. (formerly known as CabelTel International Corporation/CIC and Greenbriar Corporation) since December 2006 and has been President since April 2009 and Chief Financial Officer since January 2003. Mr. Bertcher has been the Chief Financial Officer of Income Opportunity Realty Investors Inc. since November 2, 2009 and has been its Executive Vice President since May 2008, Chief Accounting Officer since May 2008 and Treasurer since October 2013. Mr. Bertcher has been an Executive Vice President of American Realty Investors Inc., since May 2008 and its Chief Financial Officer since November 02, 2009. He has been the Chief Financial Officer of Transcontinental Realty Investors Inc. since November 2, 2009 and has been its Chief Accounting Officer since May 20, 2008, Executive Vice President since May 2008 and Treasurer since October 2013. He served as Chief Accounting Officer of American Realty Investors Inc. since May 2008 and its Treasurer since October 2013. He serves as Treasurer at New Concept Energy, Inc. since November 1989. He served as the Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer of First Equity Properties Inc. (FEPI) from March 24, 2009 to April 18, 2011 and also served as its Principal Executive Officer until April 18, 2011. Mr. Bertcher served as Interim Chief Financial Officer at Income Opportunity Realty Investors Inc. from February 2008 to March 2008 and also served as its Principal Accounting Officer. He served as the Interim Chief Financial Officer of Transcontinental Realty Investors Inc. from February 2008 to March 2008. He served as Interim Chief Financial Officer of American Realty Investors Inc. from February 25, 2008 to May 2008 and served as its Principal Accounting Officer. He served as Chief Executive Officer from January 3, 2003 to November 01, 2004 of New Concept Energy, Inc., Mr. Bertcher served as Executive Vice President of New Concept Energy, Inc. since November 1989. He served as President of New Concept Energy, Inc. since November 1, 2004 to November, 2008 and as its Chief Accounting Officer. Until November 1989, he was a Partner in Grant Thornton LLP. He served as the Chairman of New Concept Energy, Inc., since 2000. A Nevada corporation (“GBR”), which has its common stock listed on the NYSE American, a position he has occupied since November 1, 2004. From January 3, 2003 until November 1, 2004, Mr. Bertcher was also Chief Executive Officer of GBR. He has been a certified public accountant since 1973. Mr. Bertcher has been a director of GBR since June 1999 (and was from November 1989 to September 1996). He has been a Director of First Equity Properties, Inc. since March 24, 2009. He has been a Director of New Concept Energy, Inc., since June 1999. He served as a Director of New Concept Energy, Inc., from November 1989 to September 1996. He served as the Chairman of National Real Estate and partner at Grant Thornton LLP.

CEO Compensation
  • Gene's compensation has increased whilst company is loss making.
  • Gene's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Gene Bertcher

TITLE
Chairman
AGE
69
TENURE
12.4 yrs

Oscar Smith

TITLE
Vice President and Secretary
AGE
75
TENURE
17.4 yrs
Board of Directors Tenure

Average tenure and age of the New Concept Energy board of directors in years:

12.4
Average Tenure
69
Average Age
  • The average tenure for the New Concept Energy board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Gene Bertcher

TITLE
Chairman
AGE
69
TENURE
12.4 yrs

Dan Locklear

TITLE
Independent Director
COMPENSATION
$11K
AGE
65
TENURE
15.4 yrs

Victor Lund

TITLE
Independent Director
COMPENSATION
$11K
AGE
89
TENURE
23.2 yrs

Raymond Roberts

TITLE
Independent Director
COMPENSATION
$11K
AGE
87
TENURE
3.9 yrs

Cecelia Maynard

TITLE
Director
AGE
66
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Dec 18 Buy Realty Advisors, Inc. Company 04. Dec 18 04. Dec 18 3,000,000 $1.50 $4,500,000
17. Sep 18 Sell Mintbroker International, Ltd. Company 28. Jun 18 03. Jul 18 -1,885,665 $18.15 $-34,221,096
17. Sep 18 Buy Mintbroker International, Ltd. Company 28. Jun 18 10. Jul 18 1,968,584 $17.27 $34,001,032
05. Jul 18 Sell Mintbroker International, Ltd. Company 03. Jul 18 03. Jul 18 -959,137 $8.68 $-8,327,227
03. Jul 18 Sell Mintbroker International, Ltd. Company 02. Jul 18 02. Jul 18 -114,576 $11.32 $-1,297,000
X
Management checks
We assess New Concept Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. New Concept Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GBR News

Simply Wall St News

What Kind Of Risk Should You Expect For New Concept Energy Inc (NYSEMKT:GBR)?

The second risk is market-wide, which arises from investing in the stock market. … Not every stock is exposed to the same level of market risk. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

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Is New Concept Energy Inc's (NYSEMKT:GBR) CEO Pay Justified?

Leading New Concept Energy Inc (NYSEMKT:GBR) as the CEO, Gene Bertcher took the company to a valuation of US$18.97m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability

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Are New Concept Energy Inc's (NYSEMKT:GBR) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like New Concept Energy Inc (NYSEMKT:GBR), with a market cap of US$2.85m. … However, an important fact which most ignore is: how financially healthy is the business?

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Does New Concept Energy Inc's (NYSEMKT:GBR) CEO Salary Reflect Performance?

During times of negative earnings, the company may be incurring a period of reinvestment and growth, or it can be an indication of some headwind. … While one size does not fit all, since compensation should be tailored to the specific company and market, we can estimate a high-level thresold to see if GBR is an outlier. … Usually I would look at market cap and earnings as a proxy for performance, however, GBR's negative earnings reduces the usefulness of my formula.

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Who Are New Concept Energy Inc's (NYSEMKT:GBR) Major Shareholders?

Today, I will be analyzing New Concept Energy Inc’s (AMEX:GBR) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital.

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Is New Concept Energy Inc's (NYSEMKT:GBR) Balance Sheet Strong Enough To Weather A Storm?

With this reduction in debt, the current cash and short-term investment levels stands at US$419.00K , ready to deploy into the business. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: GBR’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Should You Be Tempted To Buy New Concept Energy Inc (NYSEMKT:GBR) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GBR Price per share = $1.39 Earnings per share = $0.174 ∴ Price-Earnings Ratio = $1.39 ÷ $0.174 = 8x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with GBR, then GBR’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with GBR, GBR’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

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Before You Buy New Concept Energy Inc's (NYSEMKT:GBR), You Should Consider This

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … How GBR's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … GBR's fixed assets to total assets ratio of higher than 30% shows that the company uses up a big chunk of its capital on assets that are hard to scale up or down in short notice.

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What You Must Know About New Concept Energy Inc's (NYSEMKT:GBR) 10.21% ROE

Check out our latest analysis for New Concept Energy Peeling the layers of ROE – trisecting a company’s profitability Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Some of New Concept Energy’s peers may have a higher ROE but its cost of equity could exceed this return, leading to an unsustainable negative discrepancy i.e. … Its appropriate level of leverage means investors can be more confident in the sustainability of New Concept Energy’s return with a possible increase should the company decide to increase its debt levels.

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What You Must Know About New Concept Energy Inc's (NYSEMKT:GBR) Major Investors

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … What this means for you: With a low level of institutional ownership, investors in GBR need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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GBR Company Info

Description

New Concept Energy, Inc., through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the United States. Its oil and gas wells, and mineral leases are located in Athens and Meigs counties in Ohio; and Calhoun, Jackson, and Roane counties in West Virginia. As of December 31, 2018, the Company had 153 producing gas wells; 44 non-producing wells and related equipment; and mineral leases covering approximately 20,000 acres. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc. in May 2008. The company was founded in 1978 and is based in Dallas, Texas. New Concept Energy, Inc. is a subsidiary of Realty Advisors, Inc.

Details
Name: New Concept Energy, Inc.
GBR
Exchange: AMEX
Founded: 1978
$10,007,271
5,131,934
Website: http://www.newconceptenergy.com
Address: New Concept Energy, Inc.
1603 Lyndon B Johnson Freeway,
Suite 300,
Dallas,
Texas, 75234,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX GBR Common Stock NYSE MKT LLC US USD 28. Jan 1991
Number of employees
Current staff
Staff numbers
6
New Concept Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:05
End of day share price update: 2019/05/15 00:00
Last earnings filing: 2019/04/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.