GRANITE RIDGE RESOURCES INC (GRNT) Stock Fundamental Analysis
USA - NYSE:GRNT - US3874321074 - Common Stock
5.15 USD
-0.25 (-4.63%)
5.15 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to GRNT. GRNT was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of GRNT while its profitability can be described as average. GRNT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
GRNT had positive earnings in the past year.
GRNT had a positive operating cash flow in the past year.
GRNT had positive earnings in 4 of the past 5 years.
GRNT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of GRNT (2.91%) is comparable to the rest of the industry.
GRNT has a Return On Equity of 5.00%. This is comparable to the rest of the industry: GRNT outperforms 42.38% of its industry peers.
The Return On Invested Capital of GRNT (8.64%) is better than 75.71% of its industry peers.
GRNT had an Average Return On Invested Capital over the past 3 years of 16.49%. This is significantly below the industry average of 21.78%.
The 3 year average ROIC (16.49%) for GRNT is well above the current ROIC(8.64%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 5% | ||
| ROIC | 8.64% |
ROA(3y)14.52%
ROA(5y)11.52%
ROE(3y)18.16%
ROE(5y)14.28%
ROIC(3y)16.49%
ROIC(5y)N/A
1.3 Margins
GRNT has a Profit Margin (7.43%) which is comparable to the rest of the industry.
GRNT's Profit Margin has declined in the last couple of years.
The Operating Margin of GRNT (26.89%) is better than 65.24% of its industry peers.
GRNT's Operating Margin has declined in the last couple of years.
GRNT has a better Gross Margin (93.48%) than 98.10% of its industry peers.
In the last couple of years the Gross Margin of GRNT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.89% | ||
| PM (TTM) | 7.43% | ||
| GM | 93.48% |
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
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), GRNT is creating value.
GRNT has more shares outstanding than it did 1 year ago.
GRNT has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.72, we must say that GRNT is in the distress zone and has some risk of bankruptcy.
GRNT has a Altman-Z score of 1.72. This is in the better half of the industry: GRNT outperforms 60.95% of its industry peers.
A Debt/Equity ratio of 0.43 indicates that GRNT is not too dependend on debt financing.
GRNT has a Debt to Equity ratio (0.43) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.72 |
ROIC/WACC1
WACC8.62%
2.3 Liquidity
A Current Ratio of 1.32 indicates that GRNT should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.32, GRNT is in the better half of the industry, outperforming 60.95% of the companies in the same industry.
A Quick Ratio of 1.32 indicates that GRNT should not have too much problems paying its short term obligations.
The Quick ratio of GRNT (1.32) is better than 66.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
The earnings per share for GRNT have decreased by 0.00% in the last year.
GRNT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -43.98% yearly.
The Revenue has decreased by -3.56% in the past year.
The Revenue has been growing by 9.41% on average over the past years. This is quite good.
EPS 1Y (TTM)0%
EPS 3Y-43.98%
EPS 5YN/A
EPS Q2Q%-35.71%
Revenue 1Y (TTM)-3.56%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%19.77%
3.2 Future
Based on estimates for the next years, GRNT will show a decrease in Earnings Per Share. The EPS will decrease by -1.35% on average per year.
The Revenue is expected to grow by 9.01% on average over the next years. This is quite good.
EPS Next Y-3.46%
EPS Next 2Y2.07%
EPS Next 3Y4.29%
EPS Next 5Y-1.35%
Revenue Next Year27.87%
Revenue Next 2Y17.76%
Revenue Next 3Y12.37%
Revenue Next 5Y9.01%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.73, the valuation of GRNT can be described as very reasonable.
81.90% of the companies in the same industry are more expensive than GRNT, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.83. GRNT is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 8.83, the valuation of GRNT can be described as very reasonable.
Based on the Price/Forward Earnings ratio, GRNT is valued a bit cheaper than 80.00% of the companies in the same industry.
GRNT is valuated cheaply when we compare the Price/Forward Earnings ratio to 32.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.73 | ||
| Fwd PE | 8.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GRNT is valued cheaply inside the industry as 89.52% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 3.02 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.07%
EPS Next 3Y4.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.15%, GRNT is a good candidate for dividend investing.
GRNT's Dividend Yield is rather good when compared to the industry average which is at 6.76. GRNT pays more dividend than 81.90% of the companies in the same industry.
GRNT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.15% |
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
5.3 Sustainability
GRNT pays out 179.08% of its income as dividend. This is not a sustainable payout ratio.
DP179.08%
EPS Next 2Y2.07%
EPS Next 3Y4.29%
5.15
-0.25 (-4.63%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners75.19%
Inst Owner Change-0.67%
Ins Owners3.23%
Ins Owner Change3.2%
Market Cap675.94M
Revenue(TTM)380.03M
Net Income(TTM)32.15M
Analysts78.33
Price Target7.28 (41.36%)
Short Float %2.52%
Short Ratio5.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.15% |
Yearly Dividend0.44
Dividend Growth(5Y)N/A
DP179.08%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.94%
Min EPS beat(2)-13.73%
Max EPS beat(2)7.84%
EPS beat(4)2
Avg EPS beat(4)5.14%
Min EPS beat(4)-13.73%
Max EPS beat(4)31.58%
EPS beat(8)3
Avg EPS beat(8)1.64%
EPS beat(12)4
Avg EPS beat(12)-9.64%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.79%
Min Revenue beat(2)-2.52%
Max Revenue beat(2)4.09%
Revenue beat(4)2
Avg Revenue beat(4)0.44%
Min Revenue beat(4)-4.01%
Max Revenue beat(4)4.21%
Revenue beat(8)3
Avg Revenue beat(8)-0.06%
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)1.18%
PT rev (3m)-4.47%
EPS NQ rev (1m)-7.53%
EPS NQ rev (3m)-21.86%
EPS NY rev (1m)-1.07%
EPS NY rev (3m)-7.36%
Revenue NQ rev (1m)1.91%
Revenue NQ rev (3m)5.06%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)3.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.73 | ||
| Fwd PE | 8.83 | ||
| P/S | 1.56 | ||
| P/FCF | N/A | ||
| P/OCF | 2.28 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 3.02 |
EPS(TTM)0.59
EY11.46%
EPS(NY)0.58
Fwd EY11.33%
FCF(TTM)-0.78
FCFYN/A
OCF(TTM)2.26
OCFY43.94%
SpS3.3
BVpS4.89
TBVpS4.89
PEG (NY)N/A
PEG (5Y)N/A
Graham Number8.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 5% | ||
| ROCE | 11.38% | ||
| ROIC | 8.64% | ||
| ROICexc | 8.83% | ||
| ROICexgc | 8.83% | ||
| OM | 26.89% | ||
| PM (TTM) | 7.43% | ||
| GM | 93.48% | ||
| 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
ROICexgc growth 3Y-29.25%
ROICexgc 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 Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.88 | ||
| Cap/Depr | 204.05% | ||
| Cap/Sales | 92.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 95.15% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 | ||
| Altman-Z | 1.72 |
F-Score5
WACC8.62%
ROIC/WACC1
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)0%
EPS 3Y-43.98%
EPS 5YN/A
EPS Q2Q%-35.71%
EPS Next Y-3.46%
EPS Next 2Y2.07%
EPS Next 3Y4.29%
EPS Next 5Y-1.35%
Revenue 1Y (TTM)-3.56%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%19.77%
Revenue Next Year27.87%
Revenue Next 2Y17.76%
Revenue Next 3Y12.37%
Revenue Next 5Y9.01%
EBIT growth 1Y9.5%
EBIT growth 3Y-12.21%
EBIT growth 5YN/A
EBIT Next Year285.95%
EBIT Next 3Y65.49%
EBIT Next 5Y46.11%
FCF growth 1Y-281.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-40.96%
OCF growth 3Y15.02%
OCF growth 5YN/A
GRANITE RIDGE RESOURCES INC / GRNT FAQ
Can you provide the ChartMill fundamental rating for GRANITE RIDGE RESOURCES INC?
ChartMill assigns a fundamental rating of 4 / 10 to GRNT.
What is the valuation status for GRNT stock?
ChartMill assigns a valuation rating of 5 / 10 to GRANITE RIDGE RESOURCES INC (GRNT). This can be considered as Fairly Valued.
Can you provide the profitability details for GRANITE RIDGE RESOURCES INC?
GRANITE RIDGE RESOURCES INC (GRNT) has a profitability rating of 5 / 10.
What is the financial health of GRANITE RIDGE RESOURCES INC (GRNT) stock?
The financial health rating of GRANITE RIDGE RESOURCES INC (GRNT) is 3 / 10.
How sustainable is the dividend of GRANITE RIDGE RESOURCES INC (GRNT) stock?
The dividend rating of GRANITE RIDGE RESOURCES INC (GRNT) is 4 / 10 and the dividend payout ratio is 179.08%.