GRNT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. While GRNT is still in line with the averages on profitability rating, there are concerns on its financial health. GRNT has a correct valuation and a medium growth rate.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year GRNT was profitable.
GRNT had a positive operating cash flow in the past year.
Of the past 5 years GRNT 4 years were profitable.
GRNT had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

The Return On Assets of GRNT (3.33%) is comparable to the rest of the industry.
GRNT has a Return On Equity (5.84%) which is in line with its industry peers.
GRNT has a better Return On Invested Capital (8.01%) than 73.91% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GRNT is significantly below the industry average of 21.94%.
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's Profit Margin of 8.33% is in line compared to the rest of the industry. GRNT outperforms 54.11% of 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 64.73% of the companies in the same industry.
In the last couple of years the Operating Margin of GRNT has declined.
GRNT has a Gross Margin of 93.71%. This is amongst the best in the industry. GRNT outperforms 97.58% 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

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

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.
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 has a Altman-Z score (1.54) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.47 indicates that GRNT is not too dependend on debt financing.
GRNT has a Debt to Equity ratio (0.47) which is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.47
Debt/FCF	N/A
Altman-Z	1.54

ROIC/WACC0.9

WACC8.87%

2.3 Liquidity

A Current Ratio of 1.41 indicates that GRNT should not have too much problems paying its short term obligations.
GRNT has a better Current ratio (1.41) than 62.80% of its industry peers.
A Quick Ratio of 1.41 indicates that GRNT should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.41, GRNT is in the better half of the industry, outperforming 70.05% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	1.41
Quick Ratio	1.41

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

The earnings per share for GRNT have decreased by 0.00% in the last year.
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 quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.56%.
GRNT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.41% yearly.

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.
The Revenue is expected to grow by 9.01% on average over the next years. This is quite good.

EPS Next Y-5.95%

EPS Next 2Y-9.89%

EPS Next 3Y3.7%

EPS Next 5Y-1.35%

Revenue Next Year26.39%

Revenue Next 2Y17.46%

Revenue Next 3Y13.43%

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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.12 indicates a reasonable valuation of GRNT.
Based on the Price/Earnings ratio, GRNT is valued cheaper than 88.41% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.87. GRNT is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 10.53, the valuation of GRNT can be described as very reasonable.
Based on the Price/Forward Earnings ratio, GRNT is valued a bit cheaper than the industry average as 79.71% of the companies are valued more expensively.
GRNT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.96.

		Industry Rank	Sector Rank
PE	8.12
Fwd PE	10.53

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, GRNT is valued cheaply inside the industry as 94.20% of the companies are valued more expensively.

		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-9.89%

EPS Next 3Y3.7%

More info and screens

Show best valued peers

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 9.59%, GRNT is a good candidate for dividend investing.
GRNT's Dividend Yield is rather good when compared to the industry average which is at 3.73. GRNT pays more dividend than 91.79% of the companies in the same industry.
GRNT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.

		Industry Rank	Sector Rank
Dividend Yield	9.59%

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-9.89%

EPS Next 3Y3.7%

More info and screens

Find the best dividend stocks

Show peers with best dividend

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 8.12 and the Price/Book (PB) ratio is 0.98.

How financially healthy is GRANITE RIDGE RESOURCES INC?

The financial health rating of GRANITE RIDGE RESOURCES INC (GRNT) is 3 / 10.