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Gran Tierra Energy

DB:G1P
Snowflake Description

Undervalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
G1P
DB
$117M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Gran Tierra Energy has significant price volatility in the past 3 months.
G1P Share Price and Events
7 Day Returns
6.6%
DB:G1P
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-88%
DB:G1P
34.4%
DE Oil and Gas
-14.2%
DE Market
G1P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gran Tierra Energy (G1P) 6.6% -31.2% -77.2% -88% -89.6% -91.8%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • G1P underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • G1P underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
G1P
Industry
5yr Volatility vs Market

Value

 Is Gran Tierra Energy 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 Gran Tierra Energy 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 Gran Tierra Energy.

DB:G1P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) 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:G1P
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 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 26.5%) (603.62%))
3.871
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:G1P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gran Tierra Energy 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:G1P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 27.47 Analyst x3 24.86
2021 42.80 Analyst x2 35.06
2022 54.79 Est @ 28.01% 40.62
2023 65.46 Est @ 19.49% 43.92
2024 74.32 Est @ 13.52% 45.13
2025 81.26 Est @ 9.35% 44.66
2026 86.49 Est @ 6.43% 43.02
2027 90.28 Est @ 4.38% 40.64
2028 92.94 Est @ 2.95% 37.87
2029 94.75 Est @ 1.95% 34.94
Present value of next 10 years cash flows $390.00
DB:G1P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $94.75 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$867.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $867.50 ÷ (1 + 10.49%)10
$319.92
DB:G1P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $390.00 + $319.92
$709.92
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $709.92 / 366.98
$1.93
DB:G1P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:G1P represents 0.76471x of AMEX:GTE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.76471x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.93 x 0.76471
€1.48
Value per share (EUR) From above. €1.48
Current discount Discount to share price of €0.26
= -1 x (€0.26 - €1.48) / €1.48
82.4%

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

Current Discount
Amount off the current price Gran Tierra Energy is available for.
Intrinsic value
>50%
Share price is €0.26 vs Future cash flow value of €1.48
Current Discount Checks
For Gran Tierra Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gran Tierra Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gran Tierra Energy'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 Gran Tierra Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gran Tierra Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:G1P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.10
AMEX:GTE Share Price ** AMEX (2020-04-08) in USD $0.34
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of Gran Tierra Energy.

DB:G1P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:GTE Share Price ÷ EPS (both in USD)

= 0.34 ÷ 0.10

3.31x

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

  • Gran Tierra Energy is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Gran Tierra Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Gran Tierra Energy's expected growth come at a high price?
Raw Data
DB:G1P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-55.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:G1P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.31x ÷ -55.3%

-0.06x

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

  • Gran Tierra Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gran Tierra Energy's assets?
Raw Data
DB:G1P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.81
AMEX:GTE Share Price * AMEX (2020-04-08) in USD $0.34
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:G1P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:GTE Share Price ÷ Book Value per Share (both in USD)

= 0.34 ÷ 2.81

0.12x

* Primary Listing of Gran Tierra Energy.

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

  • Gran Tierra Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Gran Tierra Energy'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. Gran Tierra Energy has a total score of 5/6, 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 Gran Tierra Energy expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
-55.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gran Tierra Energy expected to grow at an attractive rate?
  • Gran Tierra Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Gran Tierra Energy's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Gran Tierra Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:G1P Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:G1P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -55.3%
DB:G1P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:G1P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:G1P Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 803 435 1
2021-12-31 579 219 1 4
2020-12-31 431 159 -80 3
2020-04-08
DB:G1P Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 571 178 39
2019-09-30 580 210 1
2019-06-30 622 247 105
2019-03-31 628 259 87
2018-12-31 613 285 103
2018-09-30 604 280 73
2018-06-30 533 253 0
2018-03-31 465 211 -27
2017-12-31 422 190 -32
2017-09-30 386 129 -118
2017-06-30 351 122 -351
2017-03-31 327 132 -408

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gran Tierra Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Gran Tierra Energy's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
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:G1P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Gran Tierra Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G1P Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -0.10 -0.10 -0.10 1.00
2021-12-31 -0.18 -0.12 -0.27 5.00
2020-12-31 -0.26 -0.17 -0.50 6.00
2020-04-08
DB:G1P Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.10
2019-09-30 0.00
2019-06-30 0.27
2019-03-31 0.22
2018-12-31 0.26
2018-09-30 0.19
2018-06-30 0.00
2018-03-31 -0.07
2017-12-31 -0.08
2017-09-30 -0.30
2017-06-30 -0.94
2017-03-31 -1.17

*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 Gran Tierra Energy will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Gran Tierra Energy'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.
Gran Tierra Energy has a total score of 1/6, 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 Gran Tierra Energy 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 Gran Tierra Energy'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.
  • Gran Tierra Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Gran Tierra Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Gran Tierra Energy's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Gran Tierra Energy'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 Gran Tierra Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G1P Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 570.98 38.69 34.73
2019-09-30 579.69 0.85 28.18
2019-06-30 622.32 104.97 34.36
2019-03-31 627.77 86.73 37.92
2018-12-31 613.43 102.62 39.48
2018-09-30 603.97 72.65 49.31
2018-06-30 532.62 0.49 44.15
2018-03-31 465.30 -26.62 41.46
2017-12-31 421.73 -31.71 39.01
2017-09-30 386.17 -118.26 39.48
2017-06-30 350.94 -351.01 36.42
2017-03-31 326.53 -407.76 34.88
2016-12-31 289.27 -465.57 33.22
2016-09-30 252.43 -420.93 28.01
2016-06-30 259.55 -293.19 32.39
2016-03-31 257.18 -268.20 34.71
2015-12-31 276.01 -268.03 32.35
2015-09-30 320.12 -455.10 38.66
2015-06-30 405.99 -309.04 42.05
2015-03-31 484.52 -238.99 45.68
2014-12-31 559.40 -144.35 51.25
2014-09-30 600.15 156.67 51.38
2014-06-30 609.46 152.70 49.80
2014-03-31 611.82 170.80 44.96
2013-12-31 646.96 181.02 41.12
2013-09-30 652.02 192.06 42.37
2013-06-30 649.81 196.45 43.50

*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.
  • Gran Tierra Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gran Tierra Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Gran Tierra Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Gran Tierra Energy'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.
Gran Tierra Energy has a total score of 2/6, 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 Gran Tierra Energy'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 Gran Tierra Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gran Tierra Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gran Tierra Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gran Tierra Energy'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 0.4x 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 Gran Tierra Energy Company Filings, last reported 3 months ago.

DB:G1P Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,032.61 696.92 103.04
2019-09-30 1,005.05 635.55 55.94
2019-06-30 1,046.93 690.32 201.02
2019-03-31 1,025.66 514.25 64.72
2018-12-31 1,029.75 399.42 83.76
2018-09-30 1,051.53 398.99 167.77
2018-06-30 975.29 398.13 158.46
2018-03-31 953.64 397.57 181.74
2017-12-31 936.34 256.54 37.38
2017-09-30 984.46 229.22 15.13
2017-06-30 980.78 263.61 53.31
2017-03-31 996.94 193.16 26.72
2016-12-31 858.99 197.08 25.18
2016-09-30 862.58 300.31 50.61
2016-06-30 926.00 109.15 175.45
2016-03-31 984.59 0.00 56.67
2015-12-31 1,001.64 0.00 151.59
2015-09-30 1,087.02 0.00 193.99
2015-06-30 1,194.54 0.00 176.09
2015-03-31 1,231.90 0.00 211.46
2014-12-31 1,276.69 0.00 339.43
2014-09-30 1,545.36 0.00 372.14
2014-06-30 1,495.15 0.00 346.61
2014-03-31 1,477.68 0.00 390.95
2013-12-31 1,429.91 0.00 428.80
2013-09-30 1,439.97 0.00 353.06
2013-06-30 1,404.32 0.00 281.98
  • Gran Tierra Energy's level of debt (67.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Gran Tierra Energy's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (25.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Gran Tierra Energy'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. Gran Tierra Energy 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 Gran Tierra Energy'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 Gran Tierra Energy dividends. Estimated to be 0% next year.
If you bought €2,000 of Gran Tierra Energy 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 Gran Tierra Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gran Tierra Energy'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:G1P 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 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:G1P Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2020-04-08

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

  • Unable to perform a dividend volatility check as Gran Tierra Energy has not reported any payouts.
  • Unable to verify if Gran Tierra Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gran Tierra Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gran Tierra Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Gran Tierra Energy's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Gran Tierra Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Gran Tierra Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gran Tierra Energy 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 Gran Tierra Energy'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
Greg Guidry
COMPENSATION $2,207,748
AGE 63
TENURE AS CEO 4.9 years
CEO Bio

Mr. Gary Stephen Guidry, also known as Greg, P.Eng. has been the Chief Executive Officer and President of Gran Tierra Energy, Inc. since May 7, 2015. Mr. Guidry has been Executive Director at Caracal Energy Inc. since July 1, 2011. He served as the Chief Executive Officer and President of Caracal Energy Inc. since July 1, 2011 to July 2014. Mr. Guidry served as the Chief Executive Officer and President of Anthem Acquisition Ltd. Mr. Guidry was the Chief Executive Officer of Onza Energy Inc. from January 2014, until May 2015. He serves as the Chief Executive Officer and President of Acquireco and Orion. He served as Chief Executive Officer and President of Atlas Energy Ltd. since October 26, 2005. He served as an Advisor of Petro Vista Energy Corp. He served as the President and Chief Executive Officer of Orion Oil & Gas Corporation, from October 2009 to July 2011 an affiliate of Sprott Resource Corp. He served as a Senior Vice President of Exploration and Production at Shell Canada Ltd. He served as the Chief Executive Officer and President of Tanganyika Oil Company Limited from May 2005 to December 2008. He is an accomplished oil and gas executive with extensive “on the ground“ international experience. He has over 30 years’ experience in the oil and gas industry at senior management levels including over 20 years of experience including senior management positions and international new venture and exploration management. Mr. Guidry served as the President and Chief Executive Officer of BlackPearl Resources Inc. (formerly, Pearl Exploration and Production Ltd. and Newmex Minerals Inc.) from October 26, 2005 to January 31, 2007. He served as the President and Chief Executive Officer of Valkyries Petroleum Corp., which he led through a highly successful takeover. He has directed E&P operations in Yemen, Syria and Egypt and has worked for oil and gas companies in the U.S., Venezuela, Argentina and Oman. He served as the President and Chief Executive Officer of Calpine Natural Gas Limited, the Managing Partner and a wholly-owned subsidiary of Calpine Natural Gas Trust from October 2003 to February 2005. Mr. Guidry served as the Chief Executive Officer and President of Calpine Natural Gas Trust. He served as Senior Vice President and subsequently President with Alberta Energy Company (AEC) International from 1998 to 2003. He served as the President and General Manager of Canadian Occidental Petroleum's (now Nexen Inc.) Nigerian operations. He held senior executive positions with Nexen Inc. and Occidental Petroleum in Canada and CanOxy Nexen, Lundin Oil AB, Benton Oil and Gas from 1980 to 1998. He served as Interim Chairman of Caracal Energy Inc. from July 1, 2011 to September 2, 2011. Mr. Guidry served as Chairman of BlackPearl Resources Inc. from February 1, 2007 to January 8, 2009. He has been a Director of Africa Oil Corp., since June 23, 2008, Gran Tierra Energy, Inc. since July 2015. He has been a Director of PetroTal Corp. since December 18, 2017. He serves as a Director of Glencore E&p (canada) Inc. He served as a Director of Mobius Resources Inc. from May 22, 2009 to October 26, 2011. He served as a Director of and ShaMaran Petroleum Corp. (formerly, Bayou Bend Petroleum Ltd and Kit Resources Ltd.) from February 19, 2007 to June 2018. He served as an Independent Director of TransGlobe Energy Corp. from October 2009 to March 11, 2014. He served as a Director of Orion Oil & Gas Corporation since January 8, 2010. He served as a Director at Zodiac Exploration Inc. From September 2010 to October 2011; Nevarro Energy Ltd., since 2005; Shell Canada Ltd.; BlackPearl Resources Inc. from October 2005 to January 8, 2009 and Tanganyika Oil Company Limited since May 5, 2005. He is an Alberta-registered Professional Engineer. He is a petroleum engineer and a member of APEGGA. He received a Bachelor of Science in Petroleum Engineering from Texas A&M University in 1980. Mr. Guidry has a B.Sc. in Geophysics and a M.Sc. in Geology from Michigan State University and an M.B.A. in International Business and Finance from the University of St. Thomas in Houston, Texas. Mr. Guidry was awarded the Oil Council Executive of the Year award for his leadership role with Caracal.

CEO Compensation
  • Greg's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Greg's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Gran Tierra Energy management team in years:

3.8
Average Tenure
57
Average Age
  • The tenure for the Gran Tierra Energy management team is about average.
Management Team

Greg Guidry

TITLE
President
COMPENSATION
$2M
AGE
63
TENURE
4.9 yrs

Ryan Ellson

TITLE
CFO & Executive VP of Finance
COMPENSATION
$2M
AGE
43
TENURE
4.9 yrs

Tony Berthelet

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
48
TENURE
0.5 yrs

Lawrence West

TITLE
Vice President of Exploration
COMPENSATION
$1M
AGE
63
TENURE
4.9 yrs

Rodger Trimble

TITLE
Vice President of Investor Relations
AGE
57
TENURE
3.8 yrs

Enrique Villalobos

TITLE
President & Country Manager of Gran Tierra Energy Ecuador
TENURE
1.3 yrs

Manuel Buitrago

TITLE
President & Country Manager of Gran Tierra Energy Colombia
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Gran Tierra Energy board of directors in years:

4.9
Average Tenure
64.5
Average Age
  • The tenure for the Gran Tierra Energy board of directors is about average.
Board of Directors

Bob Hodgins

TITLE
Independent Chairman
COMPENSATION
$259K
AGE
68

Greg Guidry

TITLE
President
COMPENSATION
$2M
AGE
63
TENURE
4.9 yrs

Peter Dey

TITLE
Independent Director
COMPENSATION
$191K
AGE
78
TENURE
4.9 yrs

David Smith

TITLE
Independent Director
COMPENSATION
$194K
AGE
60
TENURE
4.9 yrs

Brooke Wade

TITLE
Independent Director
COMPENSATION
$187K
AGE
66
TENURE
4.8 yrs

Ron Royal

TITLE
Independent Director
COMPENSATION
$191K
AGE
70
TENURE
4.9 yrs

Evan Hazell

TITLE
Independent Director
COMPENSATION
$187K
AGE
60
TENURE
4.8 yrs

Sondra Scott

TITLE
Independent Director
COMPENSATION
$183K
AGE
52
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Gran Tierra Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Mar 20 Buy Thomas Claugus Individual 25. Mar 20 25. Mar 20 36,400 €0.21 €7,727
27. Mar 20 Buy GMT Capital Corp. Company 25. Mar 20 25. Mar 20 863,600 €0.21 €183,314
27. Mar 20 Buy Lawrence West Individual 25. Mar 20 25. Mar 20 57,970 €0.20 €11,770
27. Mar 20 Buy Lawrence West Individual 25. Mar 20 25. Mar 20 57,970 €0.20 €11,770
20. Mar 20 Buy Wade Capital Corporation, Asset Management Arm Company 19. Mar 20 19. Mar 20 300,000 €0.19 €57,149
16. Mar 20 Buy Thomas Claugus Individual 13. Mar 20 13. Mar 20 126,700 €0.23 €28,599
16. Mar 20 Buy GMT Capital Corp. Company 13. Mar 20 13. Mar 20 3,000,000 €0.23 €677,175
15. Mar 20 Buy Thomas Claugus Individual 13. Mar 20 13. Mar 20 126,700 €0.23 €28,599
15. Mar 20 Buy GMT Capital Corp. Company 13. Mar 20 13. Mar 20 3,000,000 €0.23 €677,175
13. Mar 20 Buy David Smith Individual 13. Mar 20 13. Mar 20 85,000 €0.23 €19,570
13. Mar 20 Buy Wade Capital Corporation, Asset Management Arm Company 12. Mar 20 12. Mar 20 200,000 €0.24 €48,800
13. Mar 20 Buy Gary Guidry Individual 13. Mar 20 13. Mar 20 850,000 €0.23 €194,936
30. Dec 19 Buy Wade Capital Corporation, Asset Management Arm Company 27. Dec 19 27. Dec 19 122,200 €1.14 €137,960
27. Dec 19 Buy Wade Capital Corporation, Asset Management Arm Company 24. Dec 19 24. Dec 19 483,800 €1.12 €540,881
27. Nov 19 Buy Thomas Claugus Individual 25. Nov 19 26. Nov 19 38,500 €0.93 €35,513
27. Nov 19 Buy GMT Capital Corp. Company 25. Nov 19 26. Nov 19 1,000,000 €0.93 €922,451
27. Nov 19 Buy Thomas Claugus Individual 26. Nov 19 26. Nov 19 5,000 €0.90 €4,494
27. Nov 19 Buy GMT Capital Corp. Company 26. Nov 19 26. Nov 19 128,700 €0.90 €115,666
26. Nov 19 Buy Thomas Claugus Individual 25. Nov 19 25. Nov 19 33,500 €0.93 €31,040
26. Nov 19 Buy GMT Capital Corp. Company 25. Nov 19 25. Nov 19 871,300 €0.93 €807,319
25. Nov 19 Buy Thomas Claugus Individual 22. Nov 19 22. Nov 19 5,300 €0.92 €4,854
25. Nov 19 Buy GMT Capital Corp. Company 22. Nov 19 22. Nov 19 137,800 €0.92 €126,207
22. Nov 19 Buy Thomas Claugus Individual 22. Nov 19 22. Nov 19 5,300 €0.92 €4,854
22. Nov 19 Buy GMT Capital Corp. Company 22. Nov 19 22. Nov 19 137,800 €0.92 €126,207
13. Nov 19 Buy Thomas Claugus Individual 23. Oct 19 08. Nov 19 103,800 €1.18 €108,130
13. Nov 19 Buy GMT Capital Corp. Company 23. Oct 19 08. Nov 19 2,700,000 €1.18 €2,812,656
12. Nov 19 Buy Remi Berthelet Individual 08. Nov 19 08. Nov 19 42,000 €0.97 €40,783
08. Nov 19 Buy Remi Berthelet Individual 08. Nov 19 08. Nov 19 42,000 €1.27 €53,510
08. Nov 19 Buy Gary Guidry Individual 08. Nov 19 08. Nov 19 60,200 €0.97 €57,826
08. Nov 19 Buy Lawrence West Individual 08. Nov 19 08. Nov 19 35,000 €1.01 €35,256
08. Nov 19 Buy Rodger Trimble Individual 08. Nov 19 08. Nov 19 10,000 €0.97 €9,710
08. Nov 19 Buy James Evans Individual 08. Nov 19 08. Nov 19 35,500 €0.96 €34,149
08. Nov 19 Buy Ryan Ellson Individual 08. Nov 19 08. Nov 19 35,300 €0.98 €34,597
06. Nov 19 Buy Thomas Claugus Individual 06. Nov 19 06. Nov 19 27,900 €1.17 €32,759
06. Nov 19 Buy GMT Capital Corp. Company 06. Nov 19 06. Nov 19 3,163,691 €1.17 €3,714,679
25. Oct 19 Buy Thomas Claugus Individual 23. Oct 19 24. Oct 19 26,900 €1.03 €27,636
25. Oct 19 Buy GMT Capital Corp. Company 23. Oct 19 24. Oct 19 700,000 €1.03 €719,158
03. Sep 19 Buy Thomas Claugus Individual 30. Aug 19 30. Aug 19 25,600 €1.28 €32,818
03. Sep 19 Buy GMT Capital Corp. Company 30. Aug 19 30. Aug 19 577,800 €1.28 €740,723
30. Aug 19 Buy GMT Capital Corp. Company 29. Aug 19 29. Aug 19 1,500 €1.25 €1,871
30. Aug 19 Buy Thomas Claugus Individual 28. Aug 19 29. Aug 19 18,600 €1.25 €22,490
30. Aug 19 Buy GMT Capital Corp. Company 28. Aug 19 29. Aug 19 422,200 €1.25 €510,480
29. Aug 19 Buy David Smith Individual 28. Aug 19 28. Aug 19 205,000 €1.15 €236,737
29. Aug 19 Buy Thomas Claugus Individual 28. Aug 19 28. Aug 19 9,900 €1.17 €11,611
29. Aug 19 Buy GMT Capital Corp. Company 28. Aug 19 28. Aug 19 225,100 €1.17 €264,011
15. Aug 19 Buy Brooke Wade Individual 13. Aug 19 13. Aug 19 185,000 €1.29 €237,209
20. Jun 19 Buy Robert Hodgins Individual 19. Jun 19 19. Jun 19 10,000 €1.44 €14,353
20. Jun 19 Buy Ryan Ellson Individual 19. Jun 19 19. Jun 19 18,400 €1.44 €26,410
10. May 19 Buy Thomas Claugus Individual 08. May 19 09. May 19 69,100 €1.94 €133,961
10. May 19 Buy GMT Capital Corp. Company 08. May 19 09. May 19 1,500,000 €1.94 €2,907,964
09. May 19 Buy Thomas Claugus Individual 09. May 19 09. May 19 18,800 €1.93 €36,325
09. May 19 Buy GMT Capital Corp. Company 09. May 19 09. May 19 409,300 €1.93 €790,836
08. May 19 Buy Thomas Claugus Individual 08. May 19 08. May 19 50,300 €1.95 €97,855
08. May 19 Buy GMT Capital Corp. Company 08. May 19 08. May 19 1,090,700 €1.95 €2,121,883
15. Apr 19 Buy Thomas Claugus Individual 11. Apr 19 11. Apr 19 14,800 €2.18 €32,308
15. Apr 19 Buy GMT Capital Corp. Company 11. Apr 19 11. Apr 19 322,600 €2.18 €704,237
12. Apr 19 Buy Thomas Claugus Individual 11. Apr 19 11. Apr 19 14,800 €2.18 €32,308
12. Apr 19 Buy GMT Capital Corp. Company 11. Apr 19 11. Apr 19 322,600 €2.18 €704,237
X
Management checks
We assess Gran Tierra Energy'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. Gran Tierra Energy 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

Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2019, it had total proved undeveloped reserves of 31.0 million barrels of oil equivalent in Colombia. The company was founded in 2003 and is headquartered in Calgary, Canada.

Details
Name: Gran Tierra Energy Inc.
G1P
Exchange: DB
Founded: 2003
$107,052,975
366,981,556
Website: http://www.grantierra.com
Address: Gran Tierra Energy Inc.
520 – 3rd Avenue SW,
Suite 900,
Calgary,
Alberta, T2P 0R3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX GTE Common Shares NYSE MKT LLC US USD 06. Jul 2005
DB G1P Common Shares Deutsche Boerse AG DE EUR 06. Jul 2005
LSE GTE Common Shares London Stock Exchange GB GBP 06. Jul 2005
TSX GTE Common Shares The Toronto Stock Exchange CA CAD 06. Jul 2005
Number of employees
Current staff
Staff numbers
362
Gran Tierra Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:05
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.