NYSE:GNE

Stock Analysis Report

Executive Summary

Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company.

Snowflake

Fundamentals

Excellent balance sheet with solid track record.

Risks

  • Genie Energy has significant price volatility in the past 3 months.
  • Genie Energy is covered by less than 3 analysts.

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


Market Performance


7 Day Return

3.0%

NYSE:GNE

1.1%

US Electric Utilities

0.8%

US Market


1 Year Return

37.4%

NYSE:GNE

16.9%

US Electric Utilities

1.9%

US Market

GNE outperformed the Electric Utilities industry which returned 14.9% over the past year.

GNE outperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

GNEIndustryMarket
7 Day3.0%1.1%0.8%
30 Day4.5%2.9%3.4%
90 Day-29.5%4.0%2.1%
1 Year42.8%37.4%20.9%16.9%4.2%1.9%
3 Year43.4%24.6%38.5%24.6%46.7%37.2%
5 Year32.4%9.8%80.9%50.0%62.3%44.5%

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

Valuation

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

12.73x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Genie Energy's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Genie Energy's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Genie Energy is good value based on earnings compared to the US Electric Utilities industry average.

Genie Energy is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Genie Energy earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Genie Energy is overvalued based on assets compared to the US Electric Utilities industry average.


Next Steps

Future Growth

How is Genie Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-32.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Genie Energy's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

Genie Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Genie Energy's revenue growth is positive but not above the United States of America market average.

Genie Energy's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Genie Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Genie Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Genie Energy performed over the past 5 years?

40.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Genie Energy has delivered over 20% year on year earnings growth in the past 5 years.

Genie Energy's 1-year earnings growth exceeds its 5-year average (318.1% vs 40.7%)

Genie Energy's earnings growth has exceeded the US Electric Utilities industry average in the past year (318.1% vs 4.2%).


Return on Equity

Genie Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Genie Energy used its assets more efficiently than the US Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Genie Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Genie Energy's financial position?


Financial Position Analysis

Genie Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Genie Energy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Genie Energy's level of debt (3.9%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Genie Energy's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (326.3%, greater than 20% of total debt).

Genie Energy earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 28.1x debt.


Next Steps

Dividend

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

3.95%

Current Dividend Yield


Dividend Yield and Payments Analysis

Genie Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

Genie Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).

Genie Energy has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Genie Energy only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

8.0yrs

Average board tenure


CEO

Michael Stein (35yo)

1.8yrs

Tenure

US$1,682,976

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

Michael's remuneration is higher than average for companies of similar size in United States of America.

Michael's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

8.0yrs

Average Tenure

65yo

Average Age

The tenure for the Genie Energy board of directors is about average.


Insider Trading

More shares have been bought than sold by Genie Energy individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$397,13508 Aug 19
James Courter
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares56,649
Max PriceUS$7.02

Ownership Breakdown


Management Team

  • Joyce Mason (60yo)

    Corporate Secretary

    • Tenure: 0yrs
  • Avi Goldin (42yo)

    Chief Financial Officer

    • Tenure: 8.1yrs
    • Compensation: US$877.07k
  • Alan Schwab

    President & COO of Genie Retail Energy

    • Tenure: 0yrs
  • Effie Eitam

    President of Genie Oil & Gas

    • Tenure: 0yrs
  • Michael Stein (35yo)

    Chief Executive Officer

    • Tenure: 1.8yrs
    • Compensation: US$1.68m

Board Members

  • Howard Jonas (63yo)

    Chairman of the Board

    • Tenure: 8.7yrs
    • Compensation: US$376.50k
  • Jim Courter (78yo)

    Vice Chairman of the Board

    • Tenure: 8.1yrs
    • Compensation: US$125.00k
  • Wes Perry (63yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$63.05k
  • Allan Sass (80yo)

    Director

    • Tenure: 7.9yrs
    • Compensation: US$63.05k
  • Alan Rosenthal (65yo)

    Director

    • Tenure: 7.9yrs
    • Compensation: US$63.05k

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: 2001
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: US$207.027m
  • Shares outstanding: 27.24m
  • Website: https://www.genie.com

Number of Employees


Location

  • Genie Energy Ltd.
  • 520 Broad Street
  • Newark
  • New Jersey
  • 7102
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GNENYSE (New York Stock Exchange)YesClass B Common StockUSUSDOct 2011
6GEDB (Deutsche Boerse AG)YesClass B Common StockDEEUROct 2011
0IUSLSE (London Stock Exchange)YesClass B Common StockGBUSDOct 2011
GNE.PRANYSE (New York Stock Exchange)PFD-2012-AUSUSDOct 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 three segments: Genie Retail Energy; Genie Energy Ser ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 00:54
End of Day Share Price2019/09/17 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.