OTCPK:GEEP.F

Stock Analysis Report

Executive Summary

Greenfields Petroleum Corporation, an oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.

Share Price & News

How has Greenfields Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

GEEP.F

1.7%

US Oil and Gas

1.0%

US Market


1 Year Return

-74.2%

GEEP.F

-21.2%

US Oil and Gas

6.7%

US Market

Return vs Industry: GEEP.F underperformed the US Oil and Gas industry which returned -21.2% over the past year.

Return vs Market: GEEP.F underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

GEEP.FIndustryMarket
7 Day0%1.7%1.0%
30 Day0%-3.7%-1.8%
90 Dayn/a-8.3%-1.8%
1 Year-74.2%-74.2%-18.3%-21.2%9.1%6.7%
3 Year-88.8%-88.8%-5.7%-14.1%46.1%36.6%
5 Year-99.2%-99.2%-21.8%-32.6%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Greenfields Petroleum undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: GEEP.F ($0.12) is trading below our estimate of fair value ($11.08)

Significantly Undervalued: GEEP.F is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GEEP.F is good value based on its PB Ratio (0x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Greenfields Petroleum forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.7%

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 Greenfields Petroleum 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.


Next Steps

  • Examine whether Greenfields Petroleum is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Greenfields Petroleum's filings and announcements here.
  • Explore growth companies in the Energy industry.

Past Performance

How has Greenfields Petroleum performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GEEP.F is unprofitable, but has reduced losses over the past 5 years at a rate of 0.7% per year.

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

Earnings vs Industry: GEEP.F is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (22.6%).


Return on Equity

High ROE: GEEP.F has a negative Return on Equity (-10.8%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GEEP.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GEEP.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Greenfields Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: GEEP.F's short term assets ($13.3M) do not cover its short term liabilities ($36.2M)

Long Term Liabilities: GEEP.F's short term assets (13.3M) do not cover its long term liabilities (40.0M)


Debt to Equity History and Analysis

Debt Level: GEEP.F's debt to equity ratio (52.9%) is considered high

Reducing Debt: GEEP.F's debt to equity ratio has reduced from 166.5% to 52.9% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: GEEP.F's debt is not covered by short term assets (assets are 0.2x debt).


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 GEEP.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GEEP.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 116.9% per year.


Next Steps

Dividend

What is Greenfields Petroleum's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if GEEP.F'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 GEEP.F'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 Greenfields Petroleum's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

John Wilfrid Harkins (62yo)

9.7yrs

Tenure

US$284,204

Compensation

Mr. John Wilfrid Hugh Harkins has been the Chief Executive Officer and President of Greenfields Petroleum Corporation since February 11, 2010 and its Chief Operating Officer since May 1, 2019. He is a Dire ...


CEO Compensation Analysis

Compensation vs. Market: John Wilfrid's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD495.80K).

Compensation vs Earnings: John Wilfrid's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.3yrs

Average Tenure

68yo

Average Age

Experienced Management: GEEP.F's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

6.3yrs

Average Tenure

62yo

Average Age

Experienced Board: GEEP.F's board of directors are considered experienced (6.3 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Alex Warmath (68yo)

    Co-Founder & Consultant

    • Tenure: 0yrs
    • Compensation: US$145.16k
  • Rich MacDougal (68yo)

    Co-Founder & Consultant

    • Tenure: 0yrs
    • Compensation: US$144.82k
  • Sanjay Swarup

    CFO & Treasurer

    • Tenure: 0.3yrs
  • John Wilfrid Harkins (62yo)

    President

    • Tenure: 9.7yrs
    • Compensation: US$284.20k
  • A. Curzadd (68yo)

    • Tenure: 2.3yrs
    • Compensation: US$268.06k

Board Members

  • Mike Hibberd (64yo)

    Chairman of the Board

    • Tenure: 9.7yrs
    • Compensation: US$18.73k
  • Geir Sagemo

    Non-Executive Director

    • Tenure: 3yrs
  • David Fransen (61yo)

    Non-Executive Director

    • Tenure: 3yrs
  • John Wilfrid Harkins (62yo)

    President

    • Tenure: 9.7yrs
    • Compensation: US$284.20k

Company Information

Greenfields Petroleum Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Greenfields Petroleum Corporation
  • Ticker: GEEP.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$3.506m
  • Listing Market Cap: CA$2.650m
  • Shares outstanding: 17.98m
  • Website: https://www.greenfields-petroleum.com

Number of Employees


Location

  • Greenfields Petroleum Corporation
  • 2001 Timberloch Place
  • Suite 500
  • The Woodlands
  • Texas
  • 77380
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GNFTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2010
GEEP.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2010

Biography

Greenfields Petroleum Corporation, an oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan. It holds interests in th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:20
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
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.