NYSE:GNE

Stock Analysis Report

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Executive Summary

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


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

3.7%

GNE

-0.5%

US Electric Utilities

0.09%

US Market


1 Year Return

18.4%

GNE

-10.3%

US Electric Utilities

12.6%

US Market

Return vs Industry: GNE exceeded the US Electric Utilities industry which returned -8.7% over the past year.

Return vs Market: GNE exceeded the US Market which returned 13.6% over the past year.


Shareholder returns

GNEIndustryMarket
7 Day3.7%-0.5%0.09%
30 Day1.8%-1.7%-1.6%
90 Day23.1%1.0%7.9%
1 Year23.3%18.4%-7.3%-10.3%15.2%12.6%
3 Year50.5%31.3%0.4%-7.7%38.9%29.6%
5 Year28.3%4.5%37.0%16.9%87.6%66.5%

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 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 ($8.9) is trading below our estimate of fair value ($18.47)

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 (19.7x) compared to the US Electric Utilities industry average (18x).

PE vs Market: GNE is poor value based on its PE Ratio (19.7x) compared to the US market (18.4x).


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 (3x) compared to the US Electric Utilities industry average (1.8x).


Next Steps

Future Growth

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

10.6%

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

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 (6.3%).


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?

3.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GNE's dividend (3.82%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: GNE's dividend (3.82%) is low compared to the top 25% of dividend payers in the US market (4.68%).


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?

9.0yrs

Average board tenure


CEO

Michael Stein (36 yo)

2.83yrs

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 ($USD779.04K) is below average for companies of similar size in the US market ($USD1.29M).

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


Board Members

NamePositionTenureCompensationOwnership
Howard Jonas
Chairman of the Board9.67yrsUS$416.12k6.51%
$ 15.1m
James Courter
Vice Chairman of the Board9.08yrsUS$125.00k1.32%
$ 3.1m
William Perry
Lead Independent Directorno dataUS$69.83k0.37%
$ 861.1k
Allan Sass
Independent Director8.92yrsUS$69.83k0.10%
$ 240.4k
Alan Rosenthal
Independent Director8.92yrsUS$69.83k0.19%
$ 447.2k

9.0yrs

Average Tenure

66yo

Average Age

Experienced Board: GNE's board of directors are considered experienced (9 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$232.242m
  • 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

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 four segments: Genie Retail Energy (GRE); GRE Interna ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 06:18
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.