Genie Energy
Market Cap
US$236.7m
Last Updated
2020/10/27 23:54 UTC
Data Sources
Company Financials
Executive Summary
Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider, and an oil and gas exploration company. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Genie Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GNE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.0%
GNE
1.0%
US Electric Utilities
-1.1%
US Market
1 Year Return
20.1%
GNE
1.9%
US Electric Utilities
15.0%
US Market
Return vs Industry: GNE exceeded the US Electric Utilities industry which returned -1.1% over the past year.
Return vs Market: GNE exceeded the US Market which returned 15.6% over the past year.
Shareholder returns
| GNE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 1.0% | -1.1% |
| 30 Day | 12.3% | 10.1% | 2.9% |
| 90 Day | 10.6% | 6.0% | 5.7% |
| 1 Year | 25.1%20.1% | 5.4%1.9% | 17.6%15.0% |
| 3 Year | 81.8%58.6% | 12.6%3.2% | 38.9%29.7% |
| 5 Year | -4.1%-21.9% | 48.9%27.4% | 78.4%58.4% |
Price Volatility Vs. Market
How volatile is Genie Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Genie Energy (NYSE:GNE) Has Compensated Shareholders With A Respectable 70% Return On Their Investment3 weeks ago | Simply Wall St
Does Genie Energy (NYSE:GNE) Have The DNA Of A Multi-Bagger?1 month ago | Simply Wall St
Could The Genie Energy Ltd. (NYSE:GNE) Ownership Structure Tell Us Something Useful?Valuation
Is Genie Energy undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GNE ($9.07) is trading below our estimate of fair value ($19.1)
Significantly Below Fair Value: GNE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GNE is poor value based on its PE Ratio (20.1x) compared to the US Electric Utilities industry average (19.9x).
PE vs Market: GNE is poor value based on its PE Ratio (20.1x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GNE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GNE is overvalued based on its PB Ratio (3.1x) compared to the US Electric Utilities industry average (2x).
Next Steps
Future Growth
How is Genie Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.9%
Forecasted Utilities 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 Genie 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.
Next Steps
- Examine Genie 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.
- Genie Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
Past Performance
How has Genie Energy performed over the past 5 years?
50.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNE has high quality earnings.
Growing Profit Margin: GNE's current net profit margins (3.4%) are lower than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: GNE has become profitable over the past 5 years, growing earnings by 50.4% per year.
Accelerating Growth: GNE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GNE had negative earnings growth (-24.1%) over the past year, making it difficult to compare to the Electric Utilities industry average (6.8%).
Return on Equity
High ROE: GNE's Return on Equity (13.3%) is considered low.
Next Steps
Financial Health
How is Genie Energy's financial position?
Financial Position Analysis
Short Term Liabilities: GNE's short term assets ($106.8M) exceed its short term liabilities ($57.7M).
Long Term Liabilities: GNE's short term assets ($106.8M) exceed its long term liabilities ($2.1M).
Debt to Equity History and Analysis
Debt Level: GNE's debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GNE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GNE's debt is well covered by operating cash flow (1833.5%).
Interest Coverage: GNE's interest payments on its debt are well covered by EBIT (297.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Genie Energy current dividend yield, its reliability and sustainability?
3.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNE's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: GNE's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (4.63%).
Stability and Growth of Payments
Stable Dividend: GNE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GNE's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70.9%), GNE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.1yrs
Average board tenure
CEO
Michael Stein (36 yo)
2.92yrs
Tenure
US$779,035
Compensation
Mr. Michael M. Stein has been Chief Executive Officer of Genie Energy Ltd. since November 1, 2017. Mr. Stein serves as the Chief Executive Officer at Diversegy, LLC. He served as the Chief Operating Office ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD779.04K) is below average for companies of similar size in the US market ($USD1.27M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 9.75yrs | US$416.12k | 6.51% $ 15.4m | |
| Vice Chairman of the Board | 9.17yrs | US$125.00k | 1.32% $ 3.1m | |
| Lead Independent Director | no data | US$69.83k | 0.37% $ 877.6k | |
| Independent Director | 9yrs | US$69.83k | 0.10% $ 245.0k | |
| Independent Director | 9yrs | US$69.83k | 0.19% $ 455.7k |
9.1yrs
Average Tenure
66yo
Average Age
Experienced Board: GNE's board of directors are considered experienced (9.1 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Genie Energy Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Genie Energy Ltd.
- Ticker: GNE
- Exchange: NYSE
- Founded:
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: US$236.678m
- Shares outstanding: 26.09m
- Website: https://www.genie.com
Number of Employees
Location
- Genie Energy Ltd.
- 520 Broad Street
- Newark
- New Jersey
- 7102
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GNE | NYSE (New York Stock Exchange) | Yes | Class B Common Stock | US | USD | Oct 2011 |
| 6GE | DB (Deutsche Boerse AG) | Yes | Class B Common Stock | DE | EUR | Oct 2011 |
| 0IUS | LSE (London Stock Exchange) | Yes | Class B Common Stock | GB | USD | Oct 2011 |
| GNE.PRA | NYSE (New York Stock Exchange) | PFD-2012-A | US | USD | Oct 2012 |
Biography
Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider, and an oil and gas exploration company. The company operates through four segments: Genie Retail Energy (GRE); GRE Interna ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/27 23:54 |
| End of Day Share Price | 2020/10/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.