Logo image of GRNT

GRANITE RIDGE RESOURCES INC (GRNT) Stock Fundamental Analysis

NYSE:GRNT - New York Stock Exchange, Inc. - US3874321074 - Common Stock - Currency: USD

6.35  +0.34 (+5.66%)

Fundamental Rating

5

GRNT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 213 industry peers in the Oil, Gas & Consumable Fuels industry. GRNT has an average financial health and profitability rating. GRNT has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

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.
GRNT Yearly Net Income VS EBIT VS OCF VS FCFGRNT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.12%, GRNT is doing worse than 61.50% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.93%, GRNT is doing worse than 61.97% of the companies in the same industry.
GRNT has a Return On Invested Capital of 9.10%. This is in the better half of the industry: GRNT outperforms 72.30% 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 23.55%.
The 3 year average ROIC (16.49%) for GRNT is well above the current ROIC(9.10%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 1.12%
ROE 1.93%
ROIC 9.1%
ROA(3y)14.52%
ROA(5y)11.52%
ROE(3y)18.16%
ROE(5y)14.28%
ROIC(3y)16.49%
ROIC(5y)N/A
GRNT Yearly ROA, ROE, ROICGRNT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

The Profit Margin of GRNT (2.94%) is worse than 60.09% of its industry peers.
In the last couple of years the Profit Margin of GRNT has declined.
GRNT has a better Operating Margin (28.38%) than 67.14% of its industry peers.
In the last couple of years the Operating Margin of GRNT has declined.
The Gross Margin of GRNT (93.08%) is better than 97.65% of its industry peers.
GRNT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 28.38%
PM (TTM) 2.94%
GM 93.08%
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
GRNT Yearly Profit, Operating, Gross MarginsGRNT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

More info and screens

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), GRNT 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.
GRNT Yearly Shares OutstandingGRNT Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
GRNT Yearly Total Debt VS Total AssetsGRNT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

GRNT has an Altman-Z score of 1.81. This is not the best score and indicates that GRNT is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of GRNT (1.81) is better than 61.03% of its industry peers.
GRNT has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
GRNT's Debt to Equity ratio of 0.40 is in line compared to the rest of the industry. GRNT outperforms 54.46% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z 1.81
ROIC/WACC1.05
WACC8.68%
GRNT Yearly LT Debt VS Equity VS FCFGRNT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

GRNT has a Current Ratio of 1.20. 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 Current ratio (1.20) which is in line with its industry peers.
A Quick Ratio of 1.20 indicates that GRNT should not have too much problems paying its short term obligations.
GRNT has a Quick ratio of 1.20. This is in the better half of the industry: GRNT outperforms 62.91% of its industry peers.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 1.2
GRNT Yearly Current Assets VS Current LiabilitesGRNT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M

More info and screens

5

3. Growth

3.1 Past

The earnings per share for GRNT have decreased by -8.33% 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 been growing slightly by 5.67% in the past 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)-8.33%
EPS 3Y-43.98%
EPS 5YN/A
EPS Q2Q%83.33%
Revenue 1Y (TTM)5.67%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%38.13%

3.2 Future

Based on estimates for the next years, GRNT will show a small growth in Earnings Per Share. The EPS will grow by 2.24% on average per year.
The Revenue is expected to grow by 10.58% on average over the next years. This is quite good.
EPS Next Y30.69%
EPS Next 2Y7.12%
EPS Next 3Y0.66%
EPS Next 5Y2.24%
Revenue Next Year22.69%
Revenue Next 2Y15%
Revenue Next 3Y10.58%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
GRNT Yearly Revenue VS EstimatesGRNT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
GRNT Yearly EPS VS EstimatesGRNT Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.62, the valuation of GRNT can be described as very reasonable.
Based on the Price/Earnings ratio, GRNT is valued a bit cheaper than 77.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of GRNT to the average of the S&P500 Index (26.34), we can say GRNT is valued rather cheaply.
The Price/Forward Earnings ratio is 9.88, which indicates a very decent valuation of GRNT.
70.42% of the companies in the same industry are more expensive than GRNT, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.19. GRNT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.62
Fwd PE 9.88
GRNT Price Earnings VS Forward Price EarningsGRNT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, GRNT is valued cheaply inside the industry as 86.85% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 3.24
GRNT Per share dataGRNT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y7.12%
EPS Next 3Y0.66%

More info and screens

4

5. Dividend

5.1 Amount

GRNT has a Yearly Dividend Yield of 7.38%, which is a nice return.
GRNT's Dividend Yield is a higher than the industry average which is at 6.54.
GRNT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 7.38%

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
GRNT Yearly Dividends per shareGRNT Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

472.67% of the earnings are spent on dividend by GRNT. This is not a sustainable payout ratio.
DP472.67%
EPS Next 2Y7.12%
EPS Next 3Y0.66%
GRNT Yearly Income VS Free CF VS DividendGRNT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 100M 200M
GRNT Dividend Payout.GRNT Dividend Payout, showing the Payout Ratio.GRNT Dividend Payout.PayoutRetained Earnings

More info and screens

GRANITE RIDGE RESOURCES INC

NYSE:GRNT (6/20/2025, 2:53:12 PM)

6.35

+0.34 (+5.66%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)N/A N/A
Inst Owners72.89%
Inst Owner Change4.43%
Ins Owners3.06%
Ins Owner Change0.99%
Market Cap832.55M
Analysts78.33
Price Target7.34 (15.59%)
Short Float %2.83%
Short Ratio6.28
Dividend
Industry RankSector Rank
Dividend Yield 7.38%
Yearly Dividend0.44
Dividend Growth(5Y)N/A
DP472.67%
Div Incr Years0
Div Non Decr Years2
Ex-Date05-30 2025-05-30 (0.11)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.71%
Min EPS beat(2)7.84%
Max EPS beat(2)31.58%
EPS beat(4)2
Avg EPS beat(4)7.11%
Min EPS beat(4)-5.87%
Max EPS beat(4)31.58%
EPS beat(8)4
Avg EPS beat(8)4.16%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)4.15%
Min Revenue beat(2)4.09%
Max Revenue beat(2)4.21%
Revenue beat(4)2
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-4.51%
Max Revenue beat(4)4.21%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)-0.23%
PT rev (3m)-6.7%
EPS NQ rev (1m)3.13%
EPS NQ rev (3m)-0.6%
EPS NY rev (1m)0%
EPS NY rev (3m)4.55%
Revenue NQ rev (1m)2.43%
Revenue NQ rev (3m)-11.07%
Revenue NY rev (1m)2.03%
Revenue NY rev (3m)-5.63%
Valuation
Industry RankSector Rank
PE 9.62
Fwd PE 9.88
P/S 2.01
P/FCF N/A
P/OCF 2.94
P/B 1.32
P/tB 1.32
EV/EBITDA 3.24
EPS(TTM)0.66
EY10.39%
EPS(NY)0.64
Fwd EY10.12%
FCF(TTM)-0.71
FCFYN/A
OCF(TTM)2.16
OCFY34.01%
SpS3.16
BVpS4.82
TBVpS4.82
PEG (NY)0.31
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.12%
ROE 1.93%
ROCE 11.98%
ROIC 9.1%
ROICexc 9.48%
ROICexgc 9.48%
OM 28.38%
PM (TTM) 2.94%
GM 93.08%
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
ROICexcg growth 3Y-29.25%
ROICexcg 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 Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Debt/EBITDA 0.83
Cap/Depr 204.38%
Cap/Sales 90.86%
Interest Coverage 250
Cash Conversion 93.92%
Profit Quality N/A
Current Ratio 1.2
Quick Ratio 1.2
Altman-Z 1.81
F-Score5
WACC8.68%
ROIC/WACC1.05
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)-8.33%
EPS 3Y-43.98%
EPS 5YN/A
EPS Q2Q%83.33%
EPS Next Y30.69%
EPS Next 2Y7.12%
EPS Next 3Y0.66%
EPS Next 5Y2.24%
Revenue 1Y (TTM)5.67%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%38.13%
Revenue Next Year22.69%
Revenue Next 2Y15%
Revenue Next 3Y10.58%
Revenue Next 5YN/A
EBIT growth 1Y8.56%
EBIT growth 3Y-12.21%
EBIT growth 5YN/A
EBIT Next Year287.91%
EBIT Next 3Y61.53%
EBIT Next 5Y46.91%
FCF growth 1Y-276.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.84%
OCF growth 3Y15.02%
OCF growth 5YN/A