GRANITE RIDGE RESOURCES INC (GRNT) Stock Fundamental Analysis
USA - NYSE:GRNT - US3874321074 - Common Stock
5.16 USD
+0.04 (+0.78%)
5.16 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 is not valued too expensively and it also shows a decent 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
Looking at the Return On Assets, with a value of 2.91%, GRNT is in line with its industry, outperforming 49.05% of the companies in the same industry.
GRNT has a Return On Equity (5.00%) which is in line with its industry peers.
With a decent Return On Invested Capital value of 8.64%, GRNT is doing good in the industry, outperforming 78.10% of the companies in the same industry.
GRNT had an Average Return On Invested Capital over the past 3 years of 16.49%. This is significantly below the industry average of 21.71%.
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
With a Profit Margin value of 7.43%, GRNT perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Profit Margin of GRNT has declined.
Looking at the Operating Margin, with a value of 26.89%, GRNT is in the better half of the industry, outperforming 66.19% of the companies in the same industry.
GRNT's Operating Margin has declined in the last couple of years.
The Gross Margin of GRNT (93.48%) is better 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
GRNT has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it 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
Based on the Altman-Z score of 1.67, we must say that GRNT is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.67, GRNT is in line with its industry, outperforming 60.00% of the companies in the same industry.
A Debt/Equity ratio of 0.43 indicates that GRNT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.43, GRNT is in line with its industry, outperforming 53.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.67 |
ROIC/WACC0.98
WACC8.83%
2.3 Liquidity
A Current Ratio of 1.32 indicates that GRNT should not have too much problems paying its short term obligations.
With a Current ratio value of 1.32, GRNT perfoms like the industry average, outperforming 59.05% of the companies in the same industry.
GRNT has a Quick Ratio of 1.32. This is a normal value and indicates that GRNT is financially healthy and should not expect problems in meeting its short term obligations.
GRNT has a Quick ratio of 1.32. This is in the better half of the industry: GRNT outperforms 67.14% 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.
The earnings per share for GRNT have been decreasing by -43.98% on average. This is quite bad
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
The Earnings Per Share is expected to decrease by -1.35% on average over the next years.
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 2Y0.56%
EPS Next 3Y4.29%
EPS Next 5Y-1.35%
Revenue Next Year27.87%
Revenue Next 2Y18.82%
Revenue Next 3Y12.76%
Revenue Next 5Y9.01%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GRNT is valuated reasonably with a Price/Earnings ratio of 8.75.
GRNT's Price/Earnings ratio is rather cheap when compared to the industry. GRNT is cheaper than 84.76% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.51. GRNT is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 9.11, the valuation of GRNT can be described as very reasonable.
Based on the Price/Forward Earnings ratio, GRNT is valued cheaply inside the industry as 80.95% of the companies are valued more expensively.
GRNT is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.75 | ||
| Fwd PE | 9.11 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GRNT is valued cheaper than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.92 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.56%
EPS Next 3Y4.29%
5. Dividend
5.1 Amount
GRNT has a Yearly Dividend Yield of 8.46%, which is a nice return.
GRNT's Dividend Yield is rather good when compared to the industry average which is at 5.89. GRNT pays more dividend than 84.29% of the companies in the same industry.
GRNT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.46% |
5.2 History
GRNT has paid a dividend for less than 5 years, so there is no long track record yet.
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 2Y0.56%
EPS Next 3Y4.29%
5.16
+0.04 (+0.78%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners75.19%
Inst Owner Change-0.88%
Ins Owners3.23%
Ins Owner Change3.01%
Market Cap677.25M
Revenue(TTM)380.03M
Net Income(TTM)32.15M
Analysts78.33
Price Target7.28 (41.09%)
Short Float %2.44%
Short Ratio5.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.46% |
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)0%
PT rev (3m)-3.39%
EPS NQ rev (1m)-7.71%
EPS NQ rev (3m)-18.81%
EPS NY rev (1m)-11.43%
EPS NY rev (3m)-17.06%
Revenue NQ rev (1m)1.91%
Revenue NQ rev (3m)4.84%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)2.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.75 | ||
| Fwd PE | 9.11 | ||
| P/S | 1.57 | ||
| P/FCF | N/A | ||
| P/OCF | 2.28 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 2.92 |
EPS(TTM)0.59
EY11.43%
EPS(NY)0.57
Fwd EY10.97%
FCF(TTM)-0.78
FCFYN/A
OCF(TTM)2.26
OCFY43.86%
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 | 1.67 |
F-Score5
WACC8.83%
ROIC/WACC0.98
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 2Y0.56%
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 2Y18.82%
Revenue Next 3Y12.76%
Revenue Next 5Y9.01%
EBIT growth 1Y9.5%
EBIT growth 3Y-12.21%
EBIT growth 5YN/A
EBIT Next Year285.95%
EBIT Next 3Y64.5%
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%.