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Galp Energia SGPS

DB:GZ5
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GZ5
DB
€8B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Galp Energia, SGPS, S.A. operates as integrated energy operator in Portugal and internationally. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Galp Energia SGPS has significant price volatility in the past 3 months.
GZ5 Share Price and Events
7 Day Returns
-0.6%
DB:GZ5
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-31.6%
DB:GZ5
34.4%
DE Oil and Gas
-14.2%
DE Market
GZ5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Galp Energia SGPS (GZ5) -0.6% -0.2% -37.4% -31.6% -32.5% -22.2%
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
  • GZ5 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • GZ5 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
GZ5
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Galp Energia SGPS 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 Galp Energia SGPS 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 Galp Energia SGPS.

DB:GZ5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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:GZ5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
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- 21%) (49.81%))
1.238
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.238 * 8.23%)
9.8%

Discounted Cash Flow Calculation for DB:GZ5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Galp Energia SGPS 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:GZ5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.8%)
2020 525.77 Analyst x9 478.86
2021 677.90 Analyst x11 562.34
2022 754.79 Analyst x10 570.26
2023 891.41 Analyst x6 613.40
2024 831.00 Analyst x2 520.81
2025 792.57 Est @ -4.62% 452.41
2026 765.98 Est @ -3.35% 398.23
2027 747.10 Est @ -2.46% 353.76
2028 733.34 Est @ -1.84% 316.26
2029 723.02 Est @ -1.41% 284.00
Present value of next 10 years cash flows €4,550.00
DB:GZ5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €723.02 × (1 + -0.39%) ÷ (9.8% – -0.39%)
€7,070.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €7,070.98 ÷ (1 + 9.8%)10
€2,777.42
DB:GZ5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4,550.00 + €2,777.42
€7,327.42
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €7,327.42 / 829.25
€8.84
DB:GZ5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GZ5 represents 0.97473x of ENXTLS:GALP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97473x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.84 x 0.97473
€8.61
Value per share (EUR) From above. €8.61
Current discount Discount to share price of €9.72
= -1 x (€9.72 - €8.61) / €8.61
-12.8%

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

  • The current share price of Galp Energia SGPS is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Galp Energia SGPS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Galp Energia SGPS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GZ5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.47
ENXTLS:GALP Share Price ** ENXTLS (2020-04-08) in EUR €9.97
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 Galp Energia SGPS.

DB:GZ5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTLS:GALP Share Price ÷ EPS (both in EUR)

= 9.97 ÷ 0.47

21.25x

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

  • Galp Energia SGPS is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Galp Energia SGPS is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Galp Energia SGPS's expected growth come at a high price?
Raw Data
DB:GZ5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
24.2%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:GZ5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.25x ÷ 24.2%

0.88x

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

  • Galp Energia SGPS is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Galp Energia SGPS's assets?
Raw Data
DB:GZ5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €5.33
ENXTLS:GALP Share Price * ENXTLS (2020-04-08) in EUR €9.97
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:GZ5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTLS:GALP Share Price ÷ Book Value per Share (both in EUR)

= 9.97 ÷ 5.33

1.87x

* Primary Listing of Galp Energia SGPS.

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

  • Galp Energia SGPS is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Galp Energia SGPS'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. Galp Energia SGPS has a total score of 1/6, 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 Galp Energia SGPS expected to perform in the next 1 to 3 years based on estimates from 17 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
24.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Galp Energia SGPS expected to grow at an attractive rate?
  • Galp Energia SGPS's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Galp Energia SGPS's earnings growth is expected to exceed the Germany market average.
  • Galp Energia SGPS's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GZ5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GZ5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 24.2%
DB:GZ5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 4.4%
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:GZ5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GZ5 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 18,932 2,066 1,047 1
2023-12-31 18,718 2,000 959 3
2022-12-31 17,942 2,051 895 8
2021-12-31 16,592 1,882 668 8
2020-12-31 13,738 1,598 332 8
2020-04-08
DB:GZ5 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 16,570 1,890 389
2019-09-30 16,697 1,730 327
2019-06-30 16,954 1,637 502
2019-03-31 16,911 1,627 603
2018-12-31 17,182 1,594 741
2018-09-30 16,749 1,567 926
2018-06-30 16,100 1,599 844
2018-03-31 15,334 1,401 614
2017-12-31 15,286 1,340 597
2017-09-30 15,087 1,349 448
2017-06-30 14,713 1,124 386
2017-03-31 14,214 1,034 350

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Galp Energia SGPS's earnings are expected to grow significantly at over 20% yearly.
  • Galp Energia SGPS's revenue is expected to grow by 4.4% 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:GZ5 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 17 Analyst Estimates (S&P Global) See Below

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

DB:GZ5 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 1.26 1.26 1.26 1.00
2023-12-31 1.16 1.22 1.05 3.00
2022-12-31 0.98 1.20 0.76 6.00
2021-12-31 0.79 1.10 0.54 8.00
2020-12-31 0.42 0.96 -0.18 9.00
2020-04-08
DB:GZ5 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.47
2019-09-30 0.39
2019-06-30 0.61
2019-03-31 0.73
2018-12-31 0.89
2018-09-30 1.12
2018-06-30 1.02
2018-03-31 0.74
2017-12-31 0.72
2017-09-30 0.54
2017-06-30 0.47
2017-03-31 0.42

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

DB:GZ5 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 16,570.00 389.00 338.00
2019-09-30 16,697.00 327.00 328.00
2019-06-30 16,954.00 502.00 331.00
2019-03-31 16,911.00 603.00 338.00
2018-12-31 17,182.00 741.00 333.00
2018-09-30 16,749.00 926.00 281.00
2018-06-30 16,100.00 844.00 313.00
2018-03-31 15,334.00 614.00 313.00
2017-12-31 15,286.00 597.00 343.00
2017-09-30 15,086.99 448.06 343.35
2017-06-30 14,712.95 386.03 344.94
2017-03-31 14,213.55 349.74 357.10
2016-12-31 13,202.00 179.00 355.00
2016-09-30 13,062.37 104.50 479.94
2016-06-30 13,461.43 59.68 471.74
2016-03-31 14,440.56 104.23 459.02
2015-12-31 15,552.83 122.57 463.66
2015-09-30 16,603.87 -123.48 499.53
2015-06-30 17,393.41 -177.31 507.69
2015-03-31 17,810.85 -226.62 513.25
2014-12-31 18,069.90 -173.39 512.85
2014-09-30 18,314.21 115.80 473.97
2014-06-30 19,429.82 236.70 484.56
2014-03-31 19,394.56 140.12 502.30
2013-12-31 19,672.36 188.66 508.53
2013-09-30 19,185.03 152.51 410.33
2013-06-30 18,300.87 212.56 461.46

*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.
  • Galp Energia SGPS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Galp Energia SGPS used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Galp Energia SGPS has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Galp Energia SGPS'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.
Galp Energia SGPS 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 Galp Energia SGPS'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 Galp Energia SGPS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Galp Energia SGPS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Galp Energia SGPS's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Galp Energia SGPS'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 covered by short term assets, assets are 1.6x 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 Galp Energia SGPS Company Filings, last reported 3 months ago.

DB:GZ5 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,657.00 2,894.00 1,460.00
2019-09-30 5,677.00 2,892.00 1,246.00
2019-06-30 5,817.00 3,008.00 1,411.00
2019-03-31 5,862.00 2,906.00 1,305.00
2018-12-31 6,047.00 3,245.00 1,508.00
2018-09-30 5,806.00 3,251.00 1,350.00
2018-06-30 5,993.00 3,385.00 1,485.00
2018-03-31 5,770.00 3,175.00 1,150.00
2017-12-31 5,779.00 3,241.00 1,197.00
2017-09-30 5,967.50 2,907.34 779.98
2017-06-30 6,117.61 3,042.03 1,019.79
2017-03-31 6,674.33 3,030.69 958.69
2016-12-31 6,543.00 3,083.00 1,033.00
2016-09-30 6,142.75 3,553.03 1,178.67
2016-06-30 6,284.85 3,573.55 938.16
2016-03-31 6,032.03 3,667.68 1,035.97
2015-12-31 6,188.12 3,726.93 1,130.61
2015-09-30 6,072.27 3,770.79 1,205.00
2015-06-30 6,544.93 3,780.04 1,272.04
2015-03-31 6,746.80 3,647.34 1,103.69
2014-12-31 6,424.72 3,832.17 1,143.98
2014-09-30 6,663.45 4,029.20 1,429.17
2014-06-30 6,543.54 3,525.43 944.36
2014-03-31 6,483.44 3,620.18 1,175.05
2013-12-31 6,415.80 3,836.22 1,504.96
2013-09-30 6,511.75 4,009.26 1,664.03
2013-06-30 6,652.64 4,241.61 1,965.87
  • Galp Energia SGPS's level of debt (51.2%) 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 (59.6% vs 51.2% today).
  • Debt is well covered by operating cash flow (65.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.3x coverage).
X
Financial health checks
We assess Galp Energia SGPS'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. Galp Energia SGPS has a total score of 4/6, 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 Galp Energia SGPS'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
6.34%
Current annual income from Galp Energia SGPS dividends. Estimated to be 7.93% next year.
If you bought €2,000 of Galp Energia SGPS shares you are expected to receive €127 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?
  • Galp Energia SGPS's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Galp Energia SGPS's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
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:GZ5 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 17 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:GZ5 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.90 2.00
2023-12-31 0.85 7.00
2022-12-31 0.83 14.00
2021-12-31 0.79 17.00
2020-12-31 0.73 19.00
2020-04-08
DB:GZ5 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.633 4.718
2019-02-11 0.633 4.389
2018-04-16 0.600 3.819
2017-11-02 0.500 3.219
2017-04-11 0.498 3.523
2016-08-31 0.498 3.767
2016-04-05 0.415 3.415
2015-11-27 0.415 4.017
2015-04-17 0.346 3.391
2014-03-05 0.288 2.538
2013-10-30 0.288 2.424
2013-10-28 0.288 2.299
2013-08-30 0.288 2.280
2013-07-29 0.288 2.296
2013-03-05 0.480 3.981
2012-11-30 0.480 4.017
2012-10-29 0.480 3.958
2012-04-04 0.200 1.801
2012-02-10 0.200 1.536
2011-05-31 0.200 1.475
2010-09-08 0.200 1.406
2010-04-27 0.200 1.633
2009-09-28 0.248 2.038
2009-04-28 0.320 3.142

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Galp Energia SGPS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Galp Energia SGPS'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 Galp Energia SGPS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Galp Energia SGPS has a total score of 3/6, 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 Galp Energia SGPS'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
Carlos Nuno Gomes da Silva
COMPENSATION €1,755,769
AGE 52
TENURE AS CEO 5 years
CEO Bio

Mr. Carlos Nuno Gomes da Silva, Eng. has been the Chief Executive Officer of Galp Energia, SGPS, S.A., since April 16, 2015 and has been its Director since April 26, 2007. Mr. da Silva also serves as Vice Chairman of Galp Energia, SGPS, S.A. Mr. da Silva serves as the Chairman of the Executive Board at the AGN (Portuguese Association of Natural Gas Companies). He serves as a Member of the Executive Board at the ISPG (Institute of Oil and Gas, an Association for Research and Advanced Training). He is a professional with 27 years of experience in different industries, in particular oil & gas, energy and beverages. He joined Galp Energia/Petrogal early in the 1990’s, where he played several managerial roles leading refining operations, supply and trading, planning & control and strategy. Since 2001, he served in the beverages industry (at Unicer, a Carlsberg Group company) as Head of M&A and Strategy and also served as Chief Operating Officer for the supply chain, retail and human resources. He returned to the Oil & Gas industry in 2007. He served as the Chief Operating Officer of Gas & Power/Oil & Gas Trading at Galp Energia SGPS SA since 2008. He was responsible for the Oil Marketing business segment. He has held several management positions at GDP since 2002. He serves as the Chairman of the Board of Directors at Galp Gás Natural, S.A.; Galp Power, S.A.; GDP – Gás de Portugal, S.A.; Madrileña Suministro de Gás Sur, S.L. and Madrileña Suministro de Gás, S.L. He serves as a Member of the Board of Directors at Galp Exploração e Produção (Timor-Leste), S.A.; Gasoducto Al-Andalus, S.A.; Petrogal Brasil, S.A.; Gasoducto de Extremadura, S.A.; Europe Maghreb Pipeline, Ltd. and Metragaz – Société pour la Construction et L’Exploitation Technique du Gazoduc Maghreb Europe. He serves as a Director of Galp Sinopec Brazil Services B.V.; Galp Energia Espana, S.A.U.; Galp Energia E&P B.V.; Galp Energia E&P Brasil B.V.; Galp Energia Brasil, S.A.; Galp Energia Portugal Holdings B.V.; Galp Energia Overseas LNG B.V.; Galp Bioenergy B.V.; the Galp Energia Foundation; Petróleos de Portugal - PETROGAL, S.A.; Galp Exploração e Produção Petrolífera, S.A.; Galp Gas & Power, SGPS, S.A.; Galp Gás Natural Distribuição, S.A.; Galp Energia, S.A. and Galp Energia España, SAU. Mr. da Silva holds a Degree in Electrical Engineering and Computer Science from the University of Porto's Engineering Faculty and Master's Degree in Business Administration from Instituto Empresarial Portuense and Escuela Superior de Administración y Dirección de Empresas de Barcelona in July 1995.

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

Average tenure and age of the Galp Energia SGPS management team in years:

5
Average Tenure
52
Average Age
  • The average tenure for the Galp Energia SGPS management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Carlos Nuno Gomes da Silva

TITLE
Vice Chairman & CEO
COMPENSATION
€2M
AGE
52
TENURE
5 yrs

Filipe Silva

TITLE
CFO & Executive Director
COMPENSATION
€705K
AGE
55
TENURE
7.8 yrs

Carlos Manuel Pina

TITLE
COO & Executive Director
COMPENSATION
€705K
AGE
49

José Da Silva Costa

TITLE
Executive Director & COO
COMPENSATION
€887K
AGE
56

Thore Kristiansen

TITLE
Executive Director & COO
COMPENSATION
€920K
AGE
58

Sofia Fernandes Tenreiro

TITLE
COO & Director
AGE
44
TENURE
1 yrs

Susana Quintana-Plaza

TITLE
COO & Director
AGE
45
TENURE
1 yrs

Pedro Dias

TITLE
Head of Strategy & Investor Relations

Tiago Villas-Boas

TITLE
Chief Financial Officer of Exploration & Production Business Segment
TENURE
5.9 yrs

Rui De Neves

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Galp Energia SGPS board of directors in years:

5.3
Average Tenure
53.5
Average Age
  • The tenure for the Galp Energia SGPS board of directors is about average.
Board of Directors

Paula Fernanda Amorim

TITLE
Chairman of the Board
AGE
48
TENURE
3.5 yrs

Carlos Nuno Gomes da Silva

TITLE
Vice Chairman & CEO
COMPENSATION
€2M
AGE
52
TENURE
5 yrs

Miguel Jose Pereira Marques

TITLE
Vice Chairman & Lead Independent Director
COMPENSATION
€84K
AGE
64
TENURE
3.5 yrs

Filipe Silva

TITLE
CFO & Executive Director
COMPENSATION
€705K
AGE
55
TENURE
7.8 yrs

Carlos Manuel Pina

TITLE
COO & Executive Director
COMPENSATION
€705K
AGE
49
TENURE
8 yrs

José Da Silva Costa

TITLE
Executive Director & COO
COMPENSATION
€887K
AGE
56
TENURE
7.4 yrs

Thore Kristiansen

TITLE
Executive Director & COO
COMPENSATION
€920K
AGE
58
TENURE
5.5 yrs

Sofia Fernandes Tenreiro

TITLE
COO & Director
AGE
44
TENURE
1 yrs

Susana Quintana-Plaza

TITLE
COO & Director
AGE
45
TENURE
1 yrs

Luís Manuel Todo-Bom

TITLE
Independent Non-Executive Director
COMPENSATION
€42K
AGE
71
TENURE
7.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Galp Energia SGPS'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. Galp Energia SGPS 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

Galp Energia, SGPS, S.A. operates as integrated energy operator in Portugal and internationally. The company operates through Exploration and Production, Refining and Marketing, and Gas and Power segments. It explores, develops, and produces hydrocarbons in approximately 50 projects with proved and probable reserves of 755 million barrels of oil equivalent. The company is also involved in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,460 service stations in Portugal, Spain, and Africa. In addition, it produces biodiesel and biofuel; and operates 41,400 hectares of palm oil plantation. Further, the company sources, distributes, and supplies natural gas; produces and markets electricity with an installed capacity of 173 MW of thermal plants and 12 MW of wind power. The company was formerly known as Galp – Petróleos e Gás de Portugal, SGPS, S.A. and changed its name to Galp Energia, SGPS, S.A. in September 2000. Galp Energia, SGPS, S.A. was founded in 1999 and is headquartered in Lisbon, Portugal.

Details
Name: Galp Energia, SGPS, S.A.
GZ5
Exchange: DB
Founded: 1999
€8,267,628,830
829,250,635
Website: http://www.galp.com
Address: Galp Energia, SGPS, S.A.
Rua Tomás da Fonseca - Torre A,
Lisbon,
Lisbon, 1600-209,
Portugal
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTLS GALP Category B Shares Euronext Lisbon PT EUR 24. Oct 2006
OTCPK GLPE.F Category B Shares Pink Sheets LLC US USD 24. Oct 2006
DB GZ5 Category B Shares Deutsche Boerse AG DE EUR 24. Oct 2006
LSE 0B67 Category B Shares London Stock Exchange GB EUR 24. Oct 2006
BMV GALP N Category B Shares Bolsa Mexicana de Valores MX MXN 24. Oct 2006
BATS-CHIXE GALPU Category B Shares BATS 'Chi-X Europe' GB EUR 24. Oct 2006
OTCPK GLPE.Y UNSPONSORED ADR Pink Sheets LLC US USD 24. Oct 2008
Number of employees
Current staff
Staff numbers
6,386
Galp Energia SGPS employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:02
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/03/23
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.