New Concept Energy, Inc., through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the United States.
Flawless balance sheet and slightly overvalued.
Share Price & News
How has New Concept Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GBR's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: GBR underperformed the US Oil and Gas industry which returned -36.3% over the past year.
Return vs Market: GBR underperformed the US Market which returned 3.7% over the past year.
Price Volatility Vs. Market
How volatile is New Concept Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StThe New Concept Energy (NYSEMKT:GBR) Share Price Is Down 36% So Some Shareholders Are Getting Worried
6 months ago | Simply Wall StDoes New Concept Energy, Inc. (NYSEMKT:GBR) Have A Volatile Share Price?
1 year ago | Simply Wall StWhat Kind Of Risk Should You Expect For New Concept Energy Inc (NYSEMKT:GBR)?
Is New Concept Energy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GBR ($0.89) is trading below our estimate of fair value ($2.49)
Significantly Below Fair Value: GBR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GBR is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: GBR 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 GBR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GBR is overvalued based on its PB Ratio (2x) compared to the US Oil and Gas industry average (0.6x).
How is New Concept Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy industry annual growth in earnings
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 SimplyWall St do have past financial data.
- 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.
- New Concept Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has New Concept Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GBR is currently unprofitable.
Growing Profit Margin: GBR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GBR is unprofitable, and losses have increased over the past 5 years at a rate of -5.8% per year.
Accelerating Growth: Unable to compare GBR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GBR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).
Return on Equity
High ROE: GBR has a negative Return on Equity (-111.38%), as it is currently unprofitable.
How is New Concept Energy's financial position?
Financial Position Analysis
Short Term Liabilities: GBR's short term assets ($4.1M) exceed its short term liabilities ($462.0K).
Long Term Liabilities: GBR's short term assets ($4.1M) exceed its long term liabilities ($2.9M).
Debt to Equity History and Analysis
Debt Level: GBR's debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: GBR's debt to equity ratio has reduced from 33.8% to 9.1% over the past 5 years.
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.
Stable Cash Runway: Whilst unprofitable GBR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GBR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 22.7% per year.
What is New Concept Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GBR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GBR'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 GBR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GBR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GBR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Gene Bertcher (70yo)
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 P ...
CEO Compensation Analysis
Compensation vs Market: Gene's total compensation ($USD56.50K) is below average for companies of similar size in the US market ($USD595.62K).
Compensation vs Earnings: Gene's compensation has been consistent with company performance over the past year.
|Independent Director||16.42yrs||US$10.50k||no data|
|Independent Director||24.17yrs||US$10.50k||no data|
|Independent Director||4.92yrs||US$10.50k||no data|
Experienced Board: GBR's board of directors are seasoned and experienced ( 13.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New Concept Energy, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: New Concept Energy, Inc.
- Ticker: GBR
- Exchange: AMEX
- Founded: 1978
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$4.797m
- Shares outstanding: 5.13m
- Website: https://www.newconceptenergy.com
Number of Employees
- New Concept Energy, Inc.
- 1603 Lyndon B Johnson Freeway
- Suite 800
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GBR||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||Jan 1991|
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, 2019, 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 04:29|
|End of Day Share Price||2020/05/27 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.