GRANITE RIDGE RESOURCES INC (GRNT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GRNT - US3874321074 - Common Stock
4.64 USD
-0.18 (-3.73%)
4.65 USD
+0.01 (+0.22%)
GRNT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. GRNT has a medium profitability rating, but doesn't score so well on its financial health evaluation. GRNT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year GRNT was profitable.
GRNT had a positive operating cash flow in the past year.
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 46.45% of the companies in the same industry.
The Return On Invested Capital of GRNT (8.01%) is better than 74.88% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GRNT is below the industry average of 21.09%.
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 of 8.33%. This is comparable to the rest of the industry: GRNT outperforms 54.50% of its industry peers.
GRNT's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 24.59%, GRNT is in the better half of the industry, outperforming 64.45% of the companies in the same industry.
In the last couple of years the Operating Margin of GRNT has declined.
The Gross Margin of GRNT (93.71%) is better than 97.63% 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 | 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
GRNT has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for GRNT has been increased compared to 1 year ago.
Compared to 1 year ago, GRNT has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.54, we must say that GRNT is in the distress zone and has some risk of bankruptcy.
GRNT's Altman-Z score of 1.54 is in line compared to the rest of the industry. GRNT outperforms 59.24% of its industry peers.
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 51.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.54 |
ROIC/WACC0.91
WACC8.78%
2.3 Liquidity
A Current Ratio of 1.41 indicates that GRNT should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.41, GRNT is in the better half of the industry, outperforming 63.98% of the companies in the same industry.
A Quick Ratio of 1.41 indicates that GRNT should not have too much problems paying its short term obligations.
GRNT has a better Quick ratio (1.41) than 70.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.41 |
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 grown by 18.56% in the past year. This is quite good.
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)18.56%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%19.77%
3.2 Future
GRNT is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.35% yearly.
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
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
A Price/Earnings ratio of 7.86 indicates a rather cheap valuation of GRNT.
85.78% of the companies in the same industry are more expensive than GRNT, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.39, GRNT is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.75, the valuation of GRNT can be described as reasonable.
74.41% of the companies in the same industry are more expensive than GRNT, based on the Price/Forward Earnings ratio.
GRNT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.86 | ||
| Fwd PE | 9.75 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GRNT is valued cheaper than 91.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.7 |
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 9.13%, GRNT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.95, GRNT pays a better dividend. On top of this GRNT pays more dividend than 86.73% of the companies listed in the same industry.
GRNT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.13% |
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
153.30% of the earnings are spent on dividend by GRNT. This is not a sustainable payout ratio.
DP153.3%
EPS Next 2Y-7.79%
EPS Next 3Y4.48%
4.64
-0.18 (-3.73%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners74.45%
Inst Owner Change-0.83%
Ins Owners3.25%
Ins Owner Change0.96%
Market Cap609.00M
Revenue(TTM)451.13M
Net Income(TTM)37.59M
Analysts76.67
Price Target7.06 (52.16%)
Short Float %2.93%
Short Ratio6.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.13% |
Yearly Dividend0.44
Dividend Growth(5Y)N/A
DP153.3%
Div Incr Years0
Div Non Decr Years2
Ex-Date
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)-3.04%
PT rev (3m)-1.89%
EPS NQ rev (1m)-7%
EPS NQ rev (3m)-8.69%
EPS NY rev (1m)-1.89%
EPS NY rev (3m)-12.35%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)1.8%
Revenue NY rev (1m)-0.87%
Revenue NY rev (3m)-0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.86 | ||
| Fwd PE | 9.75 | ||
| P/S | 1.35 | ||
| P/FCF | N/A | ||
| P/OCF | 2.03 | ||
| P/B | 0.95 | ||
| P/tB | 0.95 | ||
| EV/EBITDA | 2.7 |
EPS(TTM)0.59
EY12.72%
EPS(NY)0.48
Fwd EY10.26%
FCF(TTM)-0.7
FCFYN/A
OCF(TTM)2.29
OCFY49.28%
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 | 1.54 |
F-Score6
WACC8.78%
ROIC/WACC0.91
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 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 153.3%.