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Greenfields Petroleum

DB:9GE1
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9GE1
DB
CA$899K
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Greenfields Petroleum Corporation, an oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan. The last earnings update was 80 days ago. More info.


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9GE1 Share Price and Events
7 Day Returns
0%
DB:9GE1
5.2%
DE Oil and Gas
1.7%
DE Market
1 Year Returns
-
DB:9GE1
80.1%
DE Oil and Gas
15%
DE Market
9GE1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greenfields Petroleum (9GE1) 0% 0% 7.1% - - -
DE Oil and Gas 5.2% 8.2% 39.1% 80.1% 8% 263.6%
DE Market 1.7% 0.8% 3.7% 15% 6.9% 7.3%
1 Year Return vs Industry and Market
  • No trading data on 9GE1.
  • No trading data on 9GE1.
Price Volatility
9GE1
Industry
5yr Volatility vs Market

Value

 Is Greenfields Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Greenfields Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Greenfields Petroleum.

DB:9GE1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:9GE1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.939 (1 + (1- 21%) (9503.2%))
48.168
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:9GE1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Greenfields Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:9GE1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 25.47 Est @ 75.56% 23.05
2021 38.92 Est @ 52.78% 31.88
2022 53.25 Est @ 36.83% 39.48
2023 66.91 Est @ 25.66% 44.90
2024 78.85 Est @ 17.85% 47.89
2025 88.61 Est @ 12.38% 48.70
2026 96.18 Est @ 8.55% 47.85
2027 101.83 Est @ 5.87% 45.84
2028 105.89 Est @ 3.99% 43.15
2029 108.72 Est @ 2.68% 40.09
Present value of next 10 years cash flows $412.00
DB:9GE1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $108.72 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$995.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $995.36 ÷ (1 + 10.49%)10
$367.07
DB:9GE1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $412.00 + $367.07
$779.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $779.07 / 17.98
$43.33
DB:9GE1 Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:GNF)
1.323
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $43.33 x 1.323
CA$57.32
Non-primary Listing Adjustment Factor 1 share in DB:9GE1 represents 0.9x of TSXV:GNF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 57.32 x 0.9
€51.59
Value per share (EUR) From above. €51.59
Current discount Discount to share price of €0.05
= -1 x (€0.05 - €51.59) / €51.59
99.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Greenfields Petroleum is available for.
Intrinsic value
>50%
Share price is €0.05 vs Future cash flow value of €51.59
Current Discount Checks
For Greenfields Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Greenfields Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Greenfields Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Greenfields Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Greenfields Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9GE1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.79
TSXV:GNF Share Price ** TSXV (2019-11-20) in CAD CA$0.05
TSXV:GNF Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.756 $0.04
Europe Oil and Gas Industry PE Ratio Median Figure of 100 Publicly-Listed Oil and Gas Companies 10.86x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 21.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Greenfields Petroleum.

DB:9GE1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:GNF Share Price ÷ EPS (both in USD)

= 0.04 ÷ -0.79

-0.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenfields Petroleum is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Greenfields Petroleum is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Greenfields Petroleum's expected growth come at a high price?
Raw Data
DB:9GE1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.6x
Germany Market PEG Ratio Median Figure of 260 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Greenfields Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Greenfields Petroleum's assets?
Raw Data
DB:9GE1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $6.34
TSXV:GNF Share Price * TSXV (2019-11-20) in CAD CA$0.05
TSXV:GNF Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.756 $0.04
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.32x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.94x
DB:9GE1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:GNF Share Price ÷ Book Value per Share (both in USD)

= 0.04 ÷ 6.34

0.01x

* Primary Listing of Greenfields Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenfields Petroleum is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Greenfields Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Greenfields Petroleum has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Greenfields Petroleum expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Greenfields Petroleum has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greenfields Petroleum expected to grow at an attractive rate?
  • Unable to compare Greenfields Petroleum's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Greenfields Petroleum's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Greenfields Petroleum's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:9GE1 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:9GE1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9GE1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 29 16 -14
2019-06-30 29 13 -13
2019-03-31 30 15 -12
2018-12-31 31 15 -11
2018-09-30 31 6 -8
2018-06-30 30 8 -8
2018-03-31 27 3 -10
2017-12-31 29 5 -9
2017-09-30 31 2 -11
2017-06-30 31 1 101
2017-03-31 24 1 101
2016-12-31 15 -2 99

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Greenfields Petroleum is high growth as no earnings estimate data is available.
  • Unable to determine if Greenfields Petroleum is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:9GE1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Greenfields Petroleum Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9GE1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.79
2019-06-30 -0.71
2019-03-31 -0.65
2018-12-31 -0.59
2018-09-30 -0.43
2018-06-30 -0.42
2018-03-31 -0.59
2017-12-31 -0.54
2017-09-30 -0.70
2017-06-30 8.34
2017-03-31 10.23
2016-12-31 15.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Greenfields Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Greenfields Petroleum is trading at Greenfields Petroleum'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Greenfields Petroleum's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Greenfields Petroleum's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Greenfields Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Greenfields Petroleum has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Greenfields Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Greenfields Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Greenfields Petroleum does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Greenfields Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Greenfields Petroleum's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Greenfields Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Greenfields Petroleum Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9GE1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 28.59 -14.29 2.55
2019-06-30 29.26 -12.72 2.65
2019-03-31 30.26 -11.62 3.19
2018-12-31 30.96 -10.66 3.71
2018-09-30 31.08 -7.75 3.83
2018-06-30 29.52 -8.05 3.81
2018-03-31 27.25 -10.29 3.74
2017-12-31 29.45 -9.07 3.20
2017-09-30 31.50 -11.48 2.57
2017-06-30 30.68 100.85 5.24
2017-03-31 24.14 101.43 5.20
2016-12-31 15.23 99.19 5.60
2016-09-30 6.67 102.29 6.36
2016-06-30 1.36 -9.33 4.47
2016-03-31 1.55 -9.77 4.91
2015-12-31 1.56 -7.52 5.05
2015-09-30 1.70 -8.83 5.35
2015-06-30 1.96 -7.87 5.64
2015-03-31 1.95 -9.78 6.80
2014-12-31 2.04 -7.32 7.47
2014-09-30 1.99 -4.45 8.11
2014-06-30 1.96 -3.79 7.70
2014-03-31 2.17 1.63 7.52
2013-12-31 2.43 -3.28 8.09
2013-09-30 2.78 -9.28 9.75
2013-06-30 2.93 -9.70 10.09
2013-03-31 2.76 -15.37 10.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Greenfields Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Greenfields Petroleum has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Greenfields Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Greenfields Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Greenfields Petroleum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Greenfields Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Greenfields Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Greenfields Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Greenfields Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Greenfields Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Greenfields Petroleum Company Filings, last reported 4 months ago.

DB:9GE1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 114.08 64.20 2.71
2019-06-30 117.73 62.29 0.96
2019-03-31 119.71 60.37 0.84
2018-12-31 123.27 58.44 0.57
2018-09-30 128.36 56.48 0.21
2018-06-30 130.43 54.47 2.13
2018-03-31 131.32 52.37 0.21
2017-12-31 133.90 50.34 0.74
2017-09-30 136.07 49.89 1.98
2017-06-30 138.44 48.43 2.17
2017-03-31 138.15 47.01 1.89
2016-12-31 139.49 45.62 1.36
2016-09-30 144.07 44.21 1.46
2016-06-30 10.07 76.31 0.43
2016-03-31 12.61 75.38 0.91
2015-12-31 16.20 66.40 0.10
2015-09-30 17.66 65.37 0.03
2015-06-30 19.27 64.80 0.71
2015-03-31 22.12 60.98 0.07
2014-12-31 21.50 58.64 0.74
2014-09-30 24.15 56.11 2.22
2014-06-30 24.01 39.79 4.91
2014-03-31 28.24 29.41 2.76
2013-12-31 25.90 21.02 3.07
2013-09-30 23.61 18.64 3.99
2013-06-30 21.42 18.28 6.72
2013-03-31 14.05 19.96 2.84
  • Greenfields Petroleum's level of debt (56.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (232.7% vs 56.3% today).
  • Debt is well covered by operating cash flow (25.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Greenfields Petroleum's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Greenfields Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Greenfields Petroleum has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Greenfields Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Greenfields Petroleum dividends.
If you bought €2,000 of Greenfields Petroleum shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Greenfields Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Greenfields Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:9GE1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 6.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Greenfields Petroleum has not reported any payouts.
  • Unable to verify if Greenfields Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Greenfields Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Greenfields Petroleum has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Greenfields Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Greenfields Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Greenfields Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Greenfields Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Wilfrid Harkins
COMPENSATION $283,750
AGE 62
TENURE AS CEO 10 years
CEO Bio

Mr. John Wilfrid Hugh Harkins has been the Chief Executive Officer and President of Greenfields Petroleum Corporation since February 11, 2010 and its Chief Operating Officer since May 1, 2019. He is a Director of Strategic Oil &Gas Ltd., PetroPhoenix Resources Corp. and PetroPhoenix Oil Corporation and PetroPhoenix Capital Corporation. Mr. Harkins has over 30 years of diverse international energy experience in which he has managed commercial efforts to find, capture and exploit international energy and midstream business opportunities. He served as Vice President of Greenfields Petroleum Corporation from October 1, 2008 to February 2010. He acted as the Head of business development in Asia for Anadarko from June 2001 to June 2008, in which capacity he was able to expand Anadarko's exploration positions in Asia. As a senior executive for TransCanada Pipelines Ltd. in the mid 1990s, Mr. Harkins established a significant and successful midstream business in Latin America. He played a prominent role in the establishment of some of the first private gas pipelines and a power project in Mexico, a liquids extraction facility in Venezuela and major oil and gas pipelines in Colombia. He has considerable experience negotiating with various national and international oil and gas companies and has also managed operating committees and technical committees for production sharing and tax/royalty contracts during the sixteen years he was with Amoco Corporation. He served as a Manager of Anadarko Petroleum Corporation from June 2001 to June 2008. Mr. Harkins has broad experience in participating and negotiating various financings and acquisition & divestment deals. Mr. Harkins has been involved in successfully closing structured financing for energy projects with banks, multilaterals and other financial institutions. His international experience includes exposure to more than 25 countries. Mr. Harkins has been a Director of Greenfields Petroleum Corporation since October 1, 2008. Mr. Harkins holds a Bachelor of Science Degree in Chemical Engineering from the University of Toronto and has participated in additional graduate studies in Business Administration.

CEO Compensation
  • John Wilfrid's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John Wilfrid's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Greenfields Petroleum management team in years:

2.7
Average Tenure
68
Average Age
  • The tenure for the Greenfields Petroleum management team is about average.
Management Team

John Wilfrid Harkins

TITLE
President
COMPENSATION
$284K
AGE
62
TENURE
10 yrs

Alex Warmath

TITLE
Co-Founder & Consultant
COMPENSATION
$145K
AGE
68

Rich MacDougal

TITLE
Co-Founder & Consultant
COMPENSATION
$145K
AGE
68

Sanjay Swarup

TITLE
CFO & Treasurer
TENURE
0.6 yrs

A. Curzadd

TITLE
COMPENSATION
$268K
AGE
68
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Greenfields Petroleum board of directors in years:

6.7
Average Tenure
62
Average Age
  • The tenure for the Greenfields Petroleum board of directors is about average.
Board of Directors

Mike Hibberd

TITLE
Independent Chairman of the Board
COMPENSATION
$28K
AGE
64
TENURE
10 yrs

John Wilfrid Harkins

TITLE
President
COMPENSATION
$284K
AGE
62
TENURE
11.3 yrs

Geir Sagemo

TITLE
Non-Executive Director
TENURE
3.3 yrs

David Fransen

TITLE
Non-Executive Director
AGE
61
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Greenfields Petroleum individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Feb 20 Buy Dean Clark Individual 12. Feb 20 12. Feb 20 4,000 €0.03 €138
07. Feb 20 Buy Dean Clark Individual 07. Feb 20 07. Feb 20 13,000 €0.03 €446
05. Feb 20 Buy Dean Clark Individual 05. Feb 20 05. Feb 20 12,000 €0.04 €468
03. Feb 20 Buy Dean Clark Individual 03. Feb 20 03. Feb 20 3,000 €0.03 €102
31. Jan 20 Buy Dean Clark Individual 31. Jan 20 31. Jan 20 60,000 €0.03 €2,046
30. Jan 20 Buy Dean Clark Individual 30. Jan 20 30. Jan 20 30,000 €0.03 €1,029
29. Jan 20 Buy Dean Clark Individual 29. Jan 20 29. Jan 20 20,000 €0.03 €688
28. Jan 20 Buy Dean Clark Individual 28. Jan 20 28. Jan 20 20,000 €0.03 €690
27. Jan 20 Buy Dean Clark Individual 27. Jan 20 27. Jan 20 20,000 €0.03 €688
24. Jan 20 Buy Dean Clark Individual 24. Jan 20 24. Jan 20 60,000 €0.03 €2,069
23. Jan 20 Buy Dean Clark Individual 23. Jan 20 23. Jan 20 40,000 €0.03 €1,377
22. Jan 20 Buy Dean Clark Individual 22. Jan 20 22. Jan 20 80,000 €0.03 €2,751
07. Jan 20 Buy Dean Clark Individual 07. Jan 20 07. Jan 20 160,000 €0.03 €5,519
03. Jan 20 Buy Dean Clark Individual 03. Jan 20 03. Jan 20 80,000 €0.03 €2,206
30. Dec 19 Buy Dean Clark Individual 30. Dec 19 30. Dec 19 70,000 €0.02 €1,195
X
Management checks
We assess Greenfields Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Greenfields Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Greenfields Petroleum Corporation, an oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan. It holds interests in the Bahar project, which consists of the Bahar gas field, Gum Deniz oil field, and exploration area covering an area of approximately 76,500 acres of producing oil field and a gas field located in the shallow waters of the Caspian Sea. The company is headquartered in The Woodlands, Texas.

Details
Name: Greenfields Petroleum Corporation
9GE1
Exchange: DB
Founded:
CA$627,254
17,980,781
Website: http://www.greenfields-petroleum.com
Address: Greenfields Petroleum Corporation
2001 Timberloch Place,
Suite 500,
The Woodlands,
Texas, 77380,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GNF Common Shares TSX Venture Exchange CA CAD 16. Nov 2010
OTCPK GEEP.F Common Shares Pink Sheets LLC US USD 16. Nov 2010
DB 9GE1 Common Shares Deutsche Boerse AG DE EUR 16. Nov 2010
Number of employees
Current staff
Staff numbers
0
Greenfields Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/17 22:04
End of day share price update: 2019/11/20 00:00
Last earnings filing: 2019/11/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.