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GRANITE RIDGE RESOURCES INC (GRNT) Stock Fundamental Analysis

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

5.225  -0.04 (-0.67%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to GRNT. GRNT was compared to 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.


Dividend Valuation Growth Profitability Health

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5

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.
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 62.50% of the companies in the same industry.
With a Return On Equity value of 1.93%, GRNT is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
The Return On Invested Capital of GRNT (9.10%) is better than 73.08% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GRNT is significantly below the industry average of 23.87%.
The last Return On Invested Capital (9.10%) for GRNT is well below the 3 year average (16.49%), which needs to be investigated, but indicates that GRNT had better years and this may not be a problem.
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 comparable to the rest of the industry.
GRNT's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 28.38%, GRNT is in the better half of the industry, outperforming 66.83% of the companies in the same industry.
GRNT's Operating Margin has declined in the last couple of years.
GRNT has a better Gross Margin (93.08%) than 97.60% 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 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

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GRNT is still creating some 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.
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 1.68. This is a bad value and indicates that GRNT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GRNT (1.68) is better than 60.58% of its industry peers.
A Debt/Equity ratio of 0.40 indicates that GRNT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.40, GRNT is in line with its industry, outperforming 55.77% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF N/A
Altman-Z 1.68
ROIC/WACC0.95
WACC9.56%
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

A Current Ratio of 1.20 indicates that GRNT should not have too much problems paying its short term obligations.
With a Current ratio value of 1.20, GRNT perfoms like the industry average, outperforming 54.81% of the companies in the same industry.
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 63.94% 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

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5

3. Growth

3.1 Past

GRNT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.33%.
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.
Looking at the last year, GRNT shows a small growth in Revenue. The Revenue has grown by 5.67% 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)-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

GRNT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.24% yearly.
The Revenue is expected to grow by 12.30% on average over the next years. This is quite good.
EPS Next Y16.39%
EPS Next 2Y8.72%
EPS Next 3Y9.71%
EPS Next 5Y2.24%
Revenue Next Year24.13%
Revenue Next 2Y17.49%
Revenue Next 3Y12.3%
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 accelerating.
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

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6

4. Valuation

4.1 Price/Earnings Ratio

GRNT is valuated cheaply with a Price/Earnings ratio of 7.92.
Based on the Price/Earnings ratio, GRNT is valued cheaper than 82.69% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.61. GRNT is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.89, the valuation of GRNT can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GRNT indicates a somewhat cheap valuation: GRNT is cheaper than 78.37% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 37.13. GRNT is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.92
Fwd PE 7.89
GRNT Price Earnings VS Forward Price EarningsGRNT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, GRNT is valued cheaply inside the industry as 89.42% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 2.91
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)0.48
PEG (5Y)N/A
EPS Next 2Y8.72%
EPS Next 3Y9.71%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 8.32%, GRNT is a good candidate for dividend investing.
GRNT's Dividend Yield is rather good when compared to the industry average which is at 6.36. GRNT pays more dividend than 83.65% of the companies in the same industry.
GRNT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
Industry RankSector Rank
Dividend Yield 8.32%

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
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

GRNT pays out 472.67% of its income as dividend. This is not a sustainable payout ratio.
DP472.67%
EPS Next 2Y8.72%
EPS Next 3Y9.71%
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

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GRANITE RIDGE RESOURCES INC

NYSE:GRNT (7/31/2025, 11:45:21 AM)

5.225

-0.04 (-0.67%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-08 2025-05-08/amc
Earnings (Next)08-07 2025-08-07/amc
Inst Owners72.89%
Inst Owner Change-0.57%
Ins Owners3.06%
Ins Owner Change3.41%
Market Cap685.05M
Analysts78.33
Price Target7.62 (45.84%)
Short Float %2.59%
Short Ratio4.25
Dividend
Industry RankSector Rank
Dividend Yield 8.32%
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%
PT rev (3m)0%
EPS NQ rev (1m)-25.76%
EPS NQ rev (3m)-30.27%
EPS NY rev (1m)-14.51%
EPS NY rev (3m)-14.26%
Revenue NQ rev (1m)1.7%
Revenue NQ rev (3m)-3.01%
Revenue NY rev (1m)1.17%
Revenue NY rev (3m)-0.92%
Valuation
Industry RankSector Rank
PE 7.92
Fwd PE 7.89
P/S 1.65
P/FCF N/A
P/OCF 2.42
P/B 1.08
P/tB 1.08
EV/EBITDA 2.91
EPS(TTM)0.66
EY12.63%
EPS(NY)0.66
Fwd EY12.67%
FCF(TTM)-0.71
FCFYN/A
OCF(TTM)2.16
OCFY41.34%
SpS3.16
BVpS4.82
TBVpS4.82
PEG (NY)0.48
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 1.68
F-Score5
WACC9.56%
ROIC/WACC0.95
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 Y16.39%
EPS Next 2Y8.72%
EPS Next 3Y9.71%
EPS Next 5Y2.24%
Revenue 1Y (TTM)5.67%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%38.13%
Revenue Next Year24.13%
Revenue Next 2Y17.49%
Revenue Next 3Y12.3%
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