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GRANITE RIDGE RESOURCES INC (GRNT) Stock Fundamental Analysis

NYSE:GRNT - New York Stock Exchange, Inc. - US3874321074 - Common Stock - Currency: USD

6.34  -0.03 (-0.47%)

After market: 6.48 +0.14 (+2.21%)

Fundamental Rating

5

GRNT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. GRNT has only an average score on both its financial health and profitability. GRNT has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year GRNT was profitable.
In the past year GRNT had a positive cash flow from operations.
GRNT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years GRNT had a positive operating cash flow.
GRNT Yearly Net Income VS EBIT VS OCF VS FCFGRNT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

1.2 Ratios

GRNT has a Return On Assets of 1.12%. This is in the lower half of the industry: GRNT underperforms 61.61% of its industry peers.
GRNT's Return On Equity of 1.93% is on the low side compared to the rest of the industry. GRNT is outperformed by 61.61% of its industry peers.
The Return On Invested Capital of GRNT (9.10%) is better than 72.51% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GRNT is significantly below the industry average of 23.70%.
The 3 year average ROIC (16.49%) for GRNT is well above the current ROIC(9.10%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 1.12%
ROE 1.93%
ROIC 9.1%
ROA(3y)14.52%
ROA(5y)11.52%
ROE(3y)18.16%
ROE(5y)14.28%
ROIC(3y)16.49%
ROIC(5y)N/A
GRNT Yearly ROA, ROE, ROICGRNT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

GRNT has a Profit Margin of 2.94%. This is comparable to the rest of the industry: GRNT outperforms 40.28% of its industry peers.
GRNT's Profit Margin has declined in the last couple of years.
GRNT has a better Operating Margin (28.38%) than 67.30% of its industry peers.
In the last couple of years the Operating Margin of GRNT has declined.
The Gross Margin of GRNT (93.08%) is better than 97.63% of its industry peers.
GRNT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 28.38%
PM (TTM) 2.94%
GM 93.08%
OM growth 3Y-19.75%
OM growth 5YN/A
PM growth 3Y-49.27%
PM growth 5YN/A
GM growth 3Y-0.22%
GM growth 5YN/A
GRNT Yearly Profit, Operating, Gross MarginsGRNT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so GRNT is creating value.
Compared to 1 year ago, GRNT has more shares outstanding
The debt/assets ratio for GRNT is higher compared to a year ago.
GRNT Yearly Shares OutstandingGRNT Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
GRNT Yearly Total Debt VS Total AssetsGRNT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

GRNT has an Altman-Z score of 1.87. This is not the best score and indicates that GRNT is in the grey zone with still only limited risk for bankruptcy at the moment.
GRNT's Altman-Z score of 1.87 is fine compared to the rest of the industry. GRNT outperforms 63.98% of its industry peers.
GRNT has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
GRNT has a Debt to Equity ratio (0.40) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z 1.87
ROIC/WACC1.03
WACC8.84%
GRNT Yearly LT Debt VS Equity VS FCFGRNT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 1.20 indicates that GRNT should not have too much problems paying its short term obligations.
GRNT's Current ratio of 1.20 is in line compared to the rest of the industry. GRNT outperforms 54.03% of its industry peers.
A Quick Ratio of 1.20 indicates that GRNT should not have too much problems paying its short term obligations.
GRNT has a Quick ratio of 1.20. This is in the better half of the industry: GRNT outperforms 63.51% of its industry peers.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 1.2
GRNT Yearly Current Assets VS Current LiabilitesGRNT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M

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5

3. Growth

3.1 Past

GRNT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.33%.
Measured over the past years, GRNT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -43.98% on average per year.
GRNT shows a small growth in Revenue. In the last year, the Revenue has grown by 5.67%.
The Revenue has been growing by 9.41% on average over the past years. This is quite good.
EPS 1Y (TTM)-8.33%
EPS 3Y-43.98%
EPS 5YN/A
EPS Q2Q%83.33%
Revenue 1Y (TTM)5.67%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%38.13%

3.2 Future

GRNT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.24% yearly.
GRNT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.58% yearly.
EPS Next Y36.15%
EPS Next 2Y9.85%
EPS Next 3Y0.66%
EPS Next 5Y2.24%
Revenue Next Year22.69%
Revenue Next 2Y15%
Revenue Next 3Y10.58%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
GRNT Yearly Revenue VS EstimatesGRNT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
GRNT Yearly EPS VS EstimatesGRNT Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.61, the valuation of GRNT can be described as very reasonable.
GRNT's Price/Earnings ratio is a bit cheaper when compared to the industry. GRNT is cheaper than 74.41% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.21, GRNT is valued rather cheaply.
GRNT is valuated reasonably with a Price/Forward Earnings ratio of 9.38.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GRNT indicates a somewhat cheap valuation: GRNT is cheaper than 70.14% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.70, GRNT is valued rather cheaply.
Industry RankSector Rank
PE 9.61
Fwd PE 9.38
GRNT Price Earnings VS Forward Price EarningsGRNT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

GRNT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GRNT is cheaper than 85.31% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.4
GRNT Per share dataGRNT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

GRNT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y9.85%
EPS Next 3Y0.66%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.61%, GRNT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.66, GRNT pays a bit more dividend than its industry peers.
GRNT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 6.61%

5.2 History

GRNT has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
GRNT Yearly Dividends per shareGRNT Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

472.67% of the earnings are spent on dividend by GRNT. This is not a sustainable payout ratio.
DP472.67%
EPS Next 2Y9.85%
EPS Next 3Y0.66%
GRNT Yearly Income VS Free CF VS DividendGRNT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 100M 200M
GRNT Dividend Payout.GRNT Dividend Payout, showing the Payout Ratio.GRNT Dividend Payout.PayoutRetained Earnings

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GRANITE RIDGE RESOURCES INC

NYSE:GRNT (7/1/2025, 8:04:00 PM)

After market: 6.48 +0.14 (+2.21%)

6.34

-0.03 (-0.47%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)N/A N/A
Inst Owners72.89%
Inst Owner Change4.43%
Ins Owners3.06%
Ins Owner Change3.38%
Market Cap831.24M
Analysts78.33
Price Target7.62 (20.19%)
Short Float %2.2%
Short Ratio4.12
Dividend
Industry RankSector Rank
Dividend Yield 6.61%
Yearly Dividend0.44
Dividend Growth(5Y)N/A
DP472.67%
Div Incr Years0
Div Non Decr Years2
Ex-Date05-30 2025-05-30 (0.11)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.71%
Min EPS beat(2)7.84%
Max EPS beat(2)31.58%
EPS beat(4)2
Avg EPS beat(4)7.11%
Min EPS beat(4)-5.87%
Max EPS beat(4)31.58%
EPS beat(8)4
Avg EPS beat(8)4.16%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)4.15%
Min Revenue beat(2)4.09%
Max Revenue beat(2)4.21%
Revenue beat(4)2
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-4.51%
Max Revenue beat(4)4.21%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.46%
PT rev (3m)-3.24%
EPS NQ rev (1m)-6.61%
EPS NQ rev (3m)-8.67%
EPS NY rev (1m)4.18%
EPS NY rev (3m)8.93%
Revenue NQ rev (1m)-2.03%
Revenue NQ rev (3m)-8.55%
Revenue NY rev (1m)2.03%
Revenue NY rev (3m)-5.63%
Valuation
Industry RankSector Rank
PE 9.61
Fwd PE 9.38
P/S 2.01
P/FCF N/A
P/OCF 2.94
P/B 1.32
P/tB 1.32
EV/EBITDA 3.4
EPS(TTM)0.66
EY10.41%
EPS(NY)0.68
Fwd EY10.66%
FCF(TTM)-0.71
FCFYN/A
OCF(TTM)2.16
OCFY34.07%
SpS3.16
BVpS4.82
TBVpS4.82
PEG (NY)0.27
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.12%
ROE 1.93%
ROCE 11.98%
ROIC 9.1%
ROICexc 9.48%
ROICexgc 9.48%
OM 28.38%
PM (TTM) 2.94%
GM 93.08%
FCFM N/A
ROA(3y)14.52%
ROA(5y)11.52%
ROE(3y)18.16%
ROE(5y)14.28%
ROIC(3y)16.49%
ROIC(5y)N/A
ROICexc(3y)17.88%
ROICexc(5y)N/A
ROICexgc(3y)17.88%
ROICexgc(5y)N/A
ROCE(3y)21.7%
ROCE(5y)N/A
ROICexcg growth 3Y-29.25%
ROICexcg growth 5YN/A
ROICexc growth 3Y-29.25%
ROICexc growth 5YN/A
OM growth 3Y-19.75%
OM growth 5YN/A
PM growth 3Y-49.27%
PM growth 5YN/A
GM growth 3Y-0.22%
GM growth 5YN/A
F-Score5
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Debt/EBITDA 0.83
Cap/Depr 204.38%
Cap/Sales 90.86%
Interest Coverage 250
Cash Conversion 93.92%
Profit Quality N/A
Current Ratio 1.2
Quick Ratio 1.2
Altman-Z 1.87
F-Score5
WACC8.84%
ROIC/WACC1.03
Cap/Depr(3y)214.02%
Cap/Depr(5y)204.11%
Cap/Sales(3y)76.55%
Cap/Sales(5y)88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.33%
EPS 3Y-43.98%
EPS 5YN/A
EPS Q2Q%83.33%
EPS Next Y36.15%
EPS Next 2Y9.85%
EPS Next 3Y0.66%
EPS Next 5Y2.24%
Revenue 1Y (TTM)5.67%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%38.13%
Revenue Next Year22.69%
Revenue Next 2Y15%
Revenue Next 3Y10.58%
Revenue Next 5YN/A
EBIT growth 1Y8.56%
EBIT growth 3Y-12.21%
EBIT growth 5YN/A
EBIT Next Year287.91%
EBIT Next 3Y61.53%
EBIT Next 5Y46.91%
FCF growth 1Y-276.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.84%
OCF growth 3Y15.02%
OCF growth 5YN/A