GRANITE RIDGE RESOURCES INC (GRNT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GRNT - US3874321074 - Common Stock
4.39 USD
-0.09 (-2.01%)
4.39 USD
0 (0%)
GRNT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 208 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 is not valued too expensively and it also shows a decent growth rate.
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.
1.2 Ratios
GRNT has a Return On Assets (3.33%) which is comparable to the rest of the industry.
With a Return On Equity value of 5.84%, GRNT perfoms like the industry average, outperforming 45.67% of the companies in the same industry.
GRNT's Return On Invested Capital of 8.01% is fine compared to the rest of the industry. GRNT outperforms 74.04% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GRNT is below the industry average of 21.28%.
The 3 year average ROIC (16.49%) for GRNT is well above the current ROIC(8.01%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.33% | ||
| ROE | 5.84% | ||
| ROIC | 8.01% |
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 (8.33%) which is in line with its industry peers.
GRNT's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 24.59%, GRNT is doing good in the industry, outperforming 64.42% of the companies in the same industry.
GRNT's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 93.71%, GRNT belongs to the best of the industry, outperforming 97.60% of the companies in the same industry.
GRNT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.59% | ||
| PM (TTM) | 8.33% | ||
| GM | 93.71% |
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.
The debt/assets ratio for GRNT is higher compared to a year ago.
2.2 Solvency
GRNT has an Altman-Z score of 1.51. This is a bad value and indicates that GRNT is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.51, GRNT is in line with its industry, outperforming 58.17% of the companies in the same industry.
A Debt/Equity ratio of 0.47 indicates that GRNT is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.47, GRNT perfoms like the industry average, outperforming 51.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.51 |
ROIC/WACC0.93
WACC8.66%
2.3 Liquidity
GRNT has a Current Ratio of 1.41. This is a normal value and indicates that GRNT is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of GRNT (1.41) is better than 63.94% of its industry peers.
A Quick Ratio of 1.41 indicates that GRNT should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.41, GRNT is doing good in the industry, outperforming 70.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
GRNT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
The earnings per share for GRNT have been decreasing by -43.98% on average. This is quite bad
Looking at the last year, GRNT shows a quite strong growth in Revenue. The Revenue has grown by 18.56% in the last year.
Measured over the past years, GRNT shows a quite strong growth in Revenue. The Revenue has been growing by 9.41% on average per year.
EPS 1Y (TTM)0%
EPS 3Y-43.98%
EPS 5YN/A
EPS Q2Q%-35.71%
Revenue 1Y (TTM)18.56%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%19.77%
3.2 Future
The Earnings Per Share is expected to decrease by -1.35% on average over the next years.
GRNT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.01% yearly.
EPS Next Y-5.29%
EPS Next 2Y-7.79%
EPS Next 3Y4.48%
EPS Next 5Y-1.35%
Revenue Next Year26.76%
Revenue Next 2Y17.42%
Revenue Next 3Y12.52%
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
The Price/Earnings ratio is 7.44, which indicates a rather cheap valuation of GRNT.
GRNT's Price/Earnings ratio is rather cheap when compared to the industry. GRNT is cheaper than 87.02% of the companies in the same industry.
GRNT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.87.
A Price/Forward Earnings ratio of 9.22 indicates a reasonable valuation of GRNT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GRNT indicates a somewhat cheap valuation: GRNT is cheaper than 76.92% of the companies listed in the same industry.
GRNT is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.44 | ||
| Fwd PE | 9.22 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GRNT indicates a rather cheap valuation: GRNT is cheaper than 93.27% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.63 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.79%
EPS Next 3Y4.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.36%, GRNT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.96, GRNT pays a better dividend. On top of this GRNT pays more dividend than 87.50% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, GRNT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.36% |
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 153.30% of its income as dividend. This is not a sustainable payout ratio.
DP153.3%
EPS Next 2Y-7.79%
EPS Next 3Y4.48%
4.39
-0.09 (-2.01%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners74.39%
Inst Owner Change0%
Ins Owners3.27%
Ins Owner Change0.93%
Market Cap576.19M
Revenue(TTM)451.13M
Net Income(TTM)37.59M
Analysts76.67
Price Target7.06 (60.82%)
Short Float %2.85%
Short Ratio5.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.36% |
Yearly Dividend0.44
Dividend Growth(5Y)N/A
DP153.3%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.02%
Min EPS beat(2)-26.32%
Max EPS beat(2)-13.73%
EPS beat(4)2
Avg EPS beat(4)-0.16%
Min EPS beat(4)-26.32%
Max EPS beat(4)31.58%
EPS beat(8)3
Avg EPS beat(8)0.24%
EPS beat(12)4
Avg EPS beat(12)-3.8%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.71%
Min Revenue beat(2)-8.9%
Max Revenue beat(2)-2.52%
Revenue beat(4)2
Avg Revenue beat(4)-0.78%
Min Revenue beat(4)-8.9%
Max Revenue beat(4)4.21%
Revenue beat(8)2
Avg Revenue beat(8)-1.74%
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)0%
PT rev (3m)-3.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.44 | ||
| Fwd PE | 9.22 | ||
| P/S | 1.28 | ||
| P/FCF | N/A | ||
| P/OCF | 1.92 | ||
| P/B | 0.89 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | 2.63 |
EPS(TTM)0.59
EY13.44%
EPS(NY)0.48
Fwd EY10.85%
FCF(TTM)-0.7
FCFYN/A
OCF(TTM)2.29
OCFY52.09%
SpS3.44
BVpS4.91
TBVpS4.91
PEG (NY)N/A
PEG (5Y)N/A
Graham Number8.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.33% | ||
| ROE | 5.84% | ||
| ROCE | 10.55% | ||
| ROIC | 8.01% | ||
| ROICexc | 8.25% | ||
| ROICexgc | 8.25% | ||
| OM | 24.59% | ||
| PM (TTM) | 8.33% | ||
| GM | 93.71% | ||
| 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-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.94 | ||
| Cap/Depr | 188.69% | ||
| Cap/Sales | 86.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.2% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.41 | ||
| Altman-Z | 1.51 |
F-Score6
WACC8.66%
ROIC/WACC0.93
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-5.29%
EPS Next 2Y-7.79%
EPS Next 3Y4.48%
EPS Next 5Y-1.35%
Revenue 1Y (TTM)18.56%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%19.77%
Revenue Next Year26.76%
Revenue Next 2Y17.42%
Revenue Next 3Y12.52%
Revenue Next 5Y9.01%
EBIT growth 1Y14.34%
EBIT growth 3Y-12.21%
EBIT growth 5YN/A
EBIT Next Year277.08%
EBIT Next 3Y63.88%
EBIT Next 5Y46.11%
FCF growth 1Y-335.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-46.43%
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 of GRANITE RIDGE RESOURCES INC (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.
Can you provide the PE and PB ratios for GRNT stock?
The Price/Earnings (PE) ratio for GRANITE RIDGE RESOURCES INC (GRNT) is 7.44 and the Price/Book (PB) ratio is 0.89.
How financially healthy is GRANITE RIDGE RESOURCES INC?
The financial health rating of GRANITE RIDGE RESOURCES INC (GRNT) is 3 / 10.