OTCPK:CGEI

Stock Analysis Report

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Executive Summary

CGE Energy Inc. develops and operates long-term energy projects for commercial, municipal, nonprofit, and international customers.


Snowflake Analysis

Good value with acceptable track record.

Share Price & News

How has CGE Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CGEI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

18.8%

CGEI

3.4%

US Renewable Energy

3.8%

US Market


1 Year Return

-52.5%

CGEI

-0.8%

US Renewable Energy

9.7%

US Market

Return vs Industry: CGEI underperformed the US Renewable Energy industry which returned -0.8% over the past year.

Return vs Market: CGEI underperformed the US Market which returned 9.7% over the past year.


Shareholder returns

CGEIIndustryMarket
7 Day18.8%3.4%3.8%
30 Day25.0%13.7%11.4%
90 Day-57.8%-6.6%6.8%
1 Year-52.5%-52.5%2.3%-0.8%12.1%9.7%
3 Year-11.6%-11.6%38.6%24.8%36.2%27.2%
5 Year-75.9%-75.9%12.2%-13.5%63.7%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is CGE 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: CGEI ($0.19) is trading below our estimate of fair value ($0.74)

Significantly Below Fair Value: CGEI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CGEI is good value based on its PE Ratio (14.1x) compared to the Renewable Energy industry average (24.4x).

PE vs Market: CGEI is good value based on its PE Ratio (14.1x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CGEI is overvalued based on its PB Ratio (4.9x) compared to the US Renewable Energy industry average (1.8x).


Next Steps

Future Growth

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

19.4%

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 CGE 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 whether CGE Energy 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 CGE Energy's filings and announcements here.
  • Explore growth companies in the Utilities industry.

Past Performance

How has CGE Energy performed over the past 5 years?

29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CGEI has high quality earnings.

Growing Profit Margin: CGEI's current net profit margins (35%) are lower than last year (49.7%).


Past Earnings Growth Analysis

Earnings Trend: CGEI's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: CGEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CGEI had negative earnings growth (-62.3%) over the past year, making it difficult to compare to the Renewable Energy industry average (20.6%).


Return on Equity

High ROE: CGEI's Return on Equity (35.1%) is considered high.


Next Steps

Financial Health

How is CGE Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CGEI's short term assets ($590.2K) do not cover its short term liabilities ($1.0M).

Long Term Liabilities: CGEI's short term assets ($590.2K) do not cover its long term liabilities ($6.3M).


Debt to Equity History and Analysis

Debt Level: CGEI's debt to equity ratio (78%) is considered high.

Reducing Debt: Insufficient data to determine if CGEI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CGEI's debt is well covered by operating cash flow (162.4%).

Interest Coverage: CGEI's interest payments on its debt are well covered by EBIT (14.2x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CGEI'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 CGEI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CGEI'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 CGEI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Bryan Zaplitny

12.42yrs

Tenure

Mr. Bryan Zaplitny has been the Chief Executive Officer and President of Clean Green Energy LLC (CGE) since 2008. Mr. Zaplitny serves as the Chief Executive Officer, President and Director of CGE Energy In ...


Leadership Team

NamePositionTenureCompensationOwnership
Gary Westerholm
Chairman of the Board & VP of Financeno datano datano data
Bryan Zaplitny
CEO, President & Director12.42yrsno data55.33% $10.3m
Harold Telners
CFO & Director2.5yrsno datano data
Mark Cecil
COO, Treasurer & Directorno datano datano data
Paul Schneider
VP of Marketingno datano datano data

2.8yrs

Average Tenure

Experienced Management: CGEI's management team is considered experienced (2.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.4%.


Top Shareholders

Company Information

CGE Energy Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CGE Energy Inc.
  • Ticker: CGEI
  • Exchange: OTCPK
  • Founded: 1989
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: US$18.536m
  • Shares outstanding: 97.56m
  • Website: https://www.cgeenergy.com

Number of Employees


Location

  • CGE Energy Inc.
  • 7627 Park Place
  • Brighton
  • Michigan
  • 48116
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CGEIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2015

Biography

CGE Energy Inc. develops and operates long-term energy projects for commercial, municipal, nonprofit, and international customers. The company distributes and installs LED lighting products and solar PVs; develops, designs, and constructs solar PV projects; and designs WIND•e20 vertical-axis wind turbines. It also undertakes R.A.M.P (Review, Analyze, Modify and Protect) service contracts for energy sectors. The company has strategic partnership with Cree LED and SolarWorld. The company was founded in 1989 and is based in Brighton, Michigan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 08:17
End of Day Share Price2020/06/05 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.