GRANITE RIDGE RESOURCES INC (GRNT) Stock Fundamental Analysis
USA - NYSE:GRNT - US3874321074 - Common Stock
5.18 USD
-0.02 (-0.38%)
5.18 USD
0 (0%)
Overall GRNT gets a fundamental rating of 4 out of 10. We evaluated GRNT against 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year GRNT was profitable.
In the past year GRNT had a positive cash flow from operations.
Of the past 5 years GRNT 4 years were profitable.
Each year in the past 5 years GRNT had a positive operating cash flow.
1.2 Ratios
GRNT's Return On Assets of 2.91% is in line compared to the rest of the industry. GRNT outperforms 49.05% of its industry peers.
The Return On Equity of GRNT (5.00%) is comparable to the rest of the industry.
With a decent Return On Invested Capital value of 8.64%, GRNT is doing good in the industry, outperforming 77.62% 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 21.72%.
The last Return On Invested Capital (8.64%) 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 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
GRNT has a Profit Margin (7.43%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of GRNT has declined.
The Operating Margin of GRNT (26.89%) is better than 65.71% of its industry peers.
In the last couple of years the Operating Margin of GRNT has declined.
GRNT has a Gross Margin of 93.48%. This is amongst the best in the industry. GRNT outperforms 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.
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 1.68, we must say that GRNT is in the distress zone and has some risk of bankruptcy.
GRNT has a Altman-Z score of 1.68. This is comparable to the rest of the industry: GRNT outperforms 59.05% of its industry peers.
GRNT has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of GRNT (0.43) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.68 |
ROIC/WACC1.02
WACC8.5%
2.3 Liquidity
GRNT has a Current 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.
The Current ratio of GRNT (1.32) is comparable to the rest of the 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.
Looking at the Quick ratio, with a value of 1.32, GRNT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
GRNT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
GRNT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -43.98% yearly.
Looking at the last year, GRNT shows a decrease in Revenue. The Revenue has decreased by -3.56% in the last year.
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)-3.56%
Revenue growth 3Y9.41%
Revenue growth 5YN/A
Sales Q2Q%19.77%
3.2 Future
Based on estimates for the next years, GRNT will show a decrease in Earnings Per Share. The EPS will decrease by -1.35% on average per year.
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
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.78, which indicates a very decent valuation of GRNT.
GRNT's Price/Earnings ratio is rather cheap when compared to the industry. GRNT is cheaper than 85.24% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.89. GRNT is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 9.15, the valuation of GRNT can be described as very reasonable.
GRNT's Price/Forward Earnings ratio is rather cheap when compared to the industry. GRNT is cheaper than 81.43% of the companies in the same industry.
GRNT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.78 | ||
| Fwd PE | 9.15 |
4.2 Price Multiples
90.48% of the companies in the same industry are more expensive than GRNT, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.93 |
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
With a Yearly Dividend Yield of 8.46%, GRNT is a good candidate for dividend investing.
GRNT's Dividend Yield is rather good when compared to the industry average which is at 5.87. 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
179.08% of the earnings are spent on dividend by GRNT. This is not a sustainable payout ratio.
DP179.08%
EPS Next 2Y0.56%
EPS Next 3Y4.29%
5.18
-0.02 (-0.38%)
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 Cap679.88M
Revenue(TTM)380.03M
Net Income(TTM)32.15M
Analysts78.33
Price Target7.28 (40.54%)
Short Float %2.52%
Short Ratio5.68
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 | 8.78 | ||
| Fwd PE | 9.15 | ||
| P/S | 1.57 | ||
| P/FCF | N/A | ||
| P/OCF | 2.29 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 2.93 |
EPS(TTM)0.59
EY11.39%
EPS(NY)0.57
Fwd EY10.93%
FCF(TTM)-0.78
FCFYN/A
OCF(TTM)2.26
OCFY43.69%
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 | 1.68 |
F-Score5
WACC8.5%
ROIC/WACC1.02
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%.