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Gen III Oil

DB:PN41
Snowflake Description

Slightly overvalued with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PN41
DB
CA$13M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Gen III Oil Corporation operates as an oil processing company in Canada. The last earnings update was 126 days ago. More info.


Add to Portfolio Compare Print
  • Gen III Oil has significant price volatility in the past 3 months.
PN41 Share Price and Events
7 Day Returns
1.1%
DB:PN41
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-47.1%
DB:PN41
21.9%
DE Oil and Gas
-17.7%
DE Market
PN41 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gen III Oil (PN41) 1.1% -48.6% -26.8% -47.1% -78.6% -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • PN41 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • PN41 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
PN41
Industry
5yr Volatility vs Market

Value

 Is Gen III Oil 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 Gen III Oil 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 Gen III Oil.

DB:PN41 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
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:PN41
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 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 26.5%) (91.58%))
1.236
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% + (1.236 * 5.44%)
6.33%

Discounted Cash Flow Calculation for DB:PN41 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gen III Oil 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:PN41 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.33%)
2020 -83.00 Analyst x1 -78.06
2021 -19.00 Analyst x1 -16.80
2022 70.00 Analyst x1 58.22
2023 71.00 Analyst x1 55.54
2024 71.57 Est @ 0.8% 52.65
2025 71.88 Est @ 0.44% 49.73
2026 72.02 Est @ 0.19% 46.86
2027 72.03 Est @ 0.02% 44.07
2028 71.96 Est @ -0.1% 41.41
2029 71.82 Est @ -0.19% 38.87
Present value of next 10 years cash flows CA$292.00
DB:PN41 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$71.82 × (1 + -0.39%) ÷ (6.33% – -0.39%)
CA$1,064.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,064.12 ÷ (1 + 6.33%)10
CA$575.86
DB:PN41 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$292.00 + CA$575.86
CA$867.86
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$867.86 / 82.29
CA$10.55
DB:PN41 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PN41 represents 0.59032x of TSXV:GIII
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.59032x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 10.55 x 0.59032
€6.23
Value per share (EUR) From above. €6.23
Current discount Discount to share price of €0.09
= -1 x (€0.09 - €6.23) / €6.23
98.5%

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

Current Discount
Amount off the current price Gen III Oil is available for.
Intrinsic value
>50%
Share price is €0.09 vs Future cash flow value of €6.23
Current Discount Checks
For Gen III Oil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gen III Oil's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gen III Oil'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 Gen III Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gen III Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PN41 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.08
TSXV:GIII Share Price ** TSXV (2020-03-30) in CAD CA$0.16
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Gen III Oil.

DB:PN41 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:GIII Share Price ÷ EPS (both in CAD)

= 0.16 ÷ -0.08

-1.89x

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

  • Gen III Oil is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Gen III Oil is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Gen III Oil's expected growth come at a high price?
Raw Data
DB:PN41 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 Gen III Oil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gen III Oil's assets?
Raw Data
DB:PN41 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$-0.01
TSXV:GIII Share Price * TSXV (2020-03-30) in CAD CA$0.16
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:PN41 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:GIII Share Price ÷ Book Value per Share (both in CAD)

= 0.16 ÷ -0.01

-15.26x

* Primary Listing of Gen III Oil.

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

  • Gen III Oil has negative assets, we can't compare the value of its assets to the DE Oil and Gas industry average.
X
Value checks
We assess Gen III Oil'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. Gen III Oil has a total score of 2/6, 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 Gen III Oil expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 Gen III Oil 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
13%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gen III Oil expected to grow at an attractive rate?
  • Unable to compare Gen III Oil's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gen III Oil's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Gen III Oil's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PN41 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:PN41 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PN41 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 161 58 1
2022-12-31 158 57 1
2021-12-31 32 -18 1
2020-12-31 0 -9 1
2020-03-31
2019-12-31 0 -4 1
DB:PN41 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 -3 -6
2019-06-30 -4 -6
2019-03-31 -5 -7
2018-12-31 -6 -8
2018-09-30 -7 -8
2018-06-30 -7 -8
2018-03-31 -5 -7
2017-12-31 -4 -5
2017-09-30 -3 -5
2017-06-30 -2 -4
2017-03-31 -1 -2
2016-12-31 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gen III Oil is high growth as no earnings estimate data is available.
  • Unable to determine if Gen III Oil 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:PN41 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Gen III Oil Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PN41 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-03-31
2019-12-31
DB:PN41 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.08
2019-06-30 -0.09
2019-03-31 -0.11
2018-12-31 -0.12
2018-09-30 -0.12
2018-06-30 -0.13
2018-03-31 -0.12
2017-12-31 -0.11
2017-09-30 -0.12
2017-06-30 -0.11
2017-03-31 -0.08
2016-12-31 -0.08

*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 Gen III Oil will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PN41’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Gen III Oil'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. Gen III Oil'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 Gen III Oil'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.
Gen III Oil 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 Gen III Oil 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 Gen III Oil'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.
  • Gen III Oil does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Gen III Oil's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gen III Oil's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Gen III Oil'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 Gen III Oil Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PN41 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -5.74 4.35
2019-06-30 -6.27 5.33
2019-03-31 -7.08 6.52
2018-12-31 -7.71 7.56
2018-09-30 -7.73 7.59
2018-06-30 -7.57 7.40
2018-03-31 -6.78 6.05
2017-12-31 -5.32 5.03
2017-09-30 -4.82 4.43
2017-06-30 -3.75 3.07
2017-03-31 -2.27 2.26
2016-12-31 -2.15 1.76
2016-09-30 -3.46 1.77
2016-06-30 -3.40 2.05
2016-03-31 -3.58 2.27
2015-12-31 -3.37 2.12
2015-09-30 -1.68 1.97
2015-06-30 -1.86 1.98
2015-03-31 -2.06 2.15
2014-12-31 -2.46 2.50
2014-09-30 -3.38 3.46
2014-06-30 -11.97 4.10
2014-03-31 -13.20 5.32
2013-12-31 -16.40 8.48
2013-09-30 -16.30 7.87
2013-06-30 -7.68 7.39

*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 Gen III Oil has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Gen III Oil 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 Gen III Oil 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 Gen III Oil'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.
Gen III Oil 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 Gen III Oil'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 Gen III Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gen III Oil's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Gen III Oil's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gen III Oil'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.
  • Gen III Oil has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Gen III Oil Company Filings, last reported 6 months ago.

DB:PN41 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -0.84 0.00 1.14
2019-06-30 -1.68 0.00 0.64
2019-03-31 -0.37 0.00 1.78
2018-12-31 0.51 0.00 2.12
2018-09-30 -0.11 0.00 1.19
2018-06-30 1.57 0.00 2.28
2018-03-31 3.96 0.00 4.82
2017-12-31 5.57 0.00 6.28
2017-09-30 5.70 0.00 6.66
2017-06-30 1.10 0.00 1.64
2017-03-31 1.77 0.00 2.50
2016-12-31 -1.05 0.00 0.44
2016-09-30 -0.90 0.00 0.00
2016-06-30 -0.39 0.00 0.08
2016-03-31 -0.06 0.00 0.30
2015-12-31 0.61 0.00 0.83
2015-09-30 2.55 0.00 1.35
2015-06-30 2.98 0.00 1.78
2015-03-31 3.55 0.00 2.27
2014-12-31 3.97 0.00 2.77
2014-09-30 4.35 0.00 3.38
2014-06-30 4.97 0.00 3.95
2014-03-31 5.56 0.00 4.70
2013-12-31 6.47 0.00 5.00
2013-09-30 7.34 0.00 5.83
2013-06-30 44.54 0.00 6.97
  • Gen III Oil has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Gen III Oil's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Gen III Oil has less than a year of cash runway based on current free cash flow.
  • Gen III Oil has less than a year of cash runway if free cash flow continues to reduce at historical rates of -1.1% each year.
X
Financial health checks
We assess Gen III Oil'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. Gen III Oil has a total score of 0/6, 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 Gen III Oil'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 Gen III Oil dividends.
If you bought €2,000 of Gen III Oil 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 Gen III Oil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gen III Oil'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:PN41 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 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:PN41 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-03-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Gen III Oil has not reported any payouts.
  • Unable to verify if Gen III Oil's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gen III Oil's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gen III Oil 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 Gen III Oil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Gen III Oil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gen III Oil 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 Gen III Oil'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 Clarkes
COMPENSATION CA$645,585
TENURE AS CEO 7.4 years
CEO Bio

Mr. Gregory M. Clarkes, also known as Greg, has been the Chief Executive Officer of Gen III Oil Corporation since September 11, 2012. Mr. Clarkes serves as a Business Executive. He is a financier with over 25 years of experience in raising capital for public companies in the resource and industrial sectors. He has been a major shareholder, as well as an officer and director, of many junior venture companies and has been instrumental in helping them formulate business plans and strategies resulting in successful utilization of their financial resources. He was founder of Skye Resources Inc. Mr. Clarkes served as Managing Director of Rainmaker Digital Pictures Corp. (publicly traded motion picture and entertainment company) from 1994 to 1997. Mr. Clarkes served as Chief Executive Officer of Sextant Entertainment Group Inc. from October 1999 to March 2001. He served as the Chief Executive Officer and President of Skana Capital Corp. since April 2009. He serves as the Chairman of Gen III Oil Corporation. He serves as Director of Rossland Resources Inc. He has been a Director of Gen III Oil Corporation since June 7, 2011. He has been an Independent Director of Geostar Metals Inc. since December 31, 2004. He serves as a Director of VeroLube, Inc. He served as an Independent Director of Skana Capital Corp. since December 31, 2004. He served as a Director of HMI Nickel Inc. (formerly Skye Resources Inc). from September 5, 2003 to May 16, 2006. He served as Chairman of Skana Capital Corp. since January 2, 2009. He was an Executive at Coppermoly Limited. He served as a Director of Sextant Entertainment Group Inc. from October 1999 to March 2001. He served as Director of MENA Hydrocarbons Inc. He served as Chairman of Rainmaker Digital Pictures Corp.

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

Average tenure of the Gen III Oil management team in years:

2.4
Average Tenure
  • The tenure for the Gen III Oil management team is about average.
Management Team

Greg Clarkes

TITLE
Chairman & CEO
COMPENSATION
CA$646K
TENURE
7.4 yrs

Gordon Driedger

TITLE
President & COO
COMPENSATION
CA$349K
TENURE
2 yrs

Rick Low

TITLE
Chief Financial Officer
COMPENSATION
CA$95K
TENURE
7.4 yrs

Grant Brown

TITLE
Executive Vice President
TENURE
2.4 yrs

Mark Redcliffe

TITLE
Executive Vice President of Corporate Finance
TENURE
1.8 yrs

Christina Boddy

TITLE
Corporate Secretary
AGE
40
Board of Directors Tenure

Average tenure of the Gen III Oil board of directors in years:

8.5
Average Tenure
  • The tenure for the Gen III Oil board of directors is about average.
Board of Directors

Greg Clarkes

TITLE
Chairman & CEO
COMPENSATION
CA$646K

Larry Van Hatten

TITLE
Director
COMPENSATION
CA$157K
AGE
68
TENURE
8.7 yrs

Paul DiPasquale

TITLE
Independent Director
COMPENSATION
CA$30K
TENURE
8.7 yrs

John Detmold

TITLE
Independent Director
COMPENSATION
CA$30K
TENURE
8.4 yrs

Bryan Nethery

TITLE
Independent Director
COMPENSATION
CA$30K
TENURE
7.6 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 (€)
03. Dec 19 Buy Gregory Clarkes Individual 28. Nov 19 28. Nov 19 100,000 €0.12 €11,622
28. Nov 19 Buy Mark Redcliffe Individual 28. Nov 19 28. Nov 19 50,000 €0.12 €5,982
03. Oct 19 Buy Bryan Nethery Individual 30. Sep 19 30. Sep 19 150,000 €0.14 €20,783
03. Oct 19 Buy Gregory Clarkes Individual 30. Sep 19 30. Sep 19 500,000 €0.14 €69,276
01. Oct 19 Buy John Detmold Individual 30. Sep 19 30. Sep 19 250,000 €0.14 €34,638
12. Sep 19 Buy Gregory Clarkes Individual 06. Sep 19 10. Sep 19 159,000 €0.16 €24,622
20. Aug 19 Buy Mark Redcliffe Individual 20. Aug 19 20. Aug 19 14,000 €0.19 €2,653
16. Aug 19 Buy John Detmold Individual 16. Aug 19 16. Aug 19 110,000 €0.19 €20,248
X
Management checks
We assess Gen III Oil'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. Gen III Oil 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

Gen III Oil Corporation operates as an oil processing company in Canada. The company, through its ReGen technology, produces base lubricating oil from re-processed used motor oil. The company was formerly known as PNG Gold Corporation and changed its name to Gen III Oil Corporation in May 2017. Gen III Oil Corporation is headquartered in Vancouver, Canada.

Details
Name: Gen III Oil Corporation
PN41
Exchange: DB
Founded:
CA$8,174,066
82,291,756
Website: http://www.geniiioil.com
Address: Gen III Oil Corporation
400 Burrard Street,
Suite 1750,
Vancouver,
British Columbia, V6C 3A6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GIII Common Shares TSX Venture Exchange CA CAD 14. Jun 2011
OTCPK ISRJ.F Common Shares Pink Sheets LLC US USD 14. Jun 2011
DB PN41 Common Shares Deutsche Boerse AG DE EUR 14. Jun 2011
Number of employees
Current staff
Staff numbers
0
Gen III Oil employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:37
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2019/11/28
Last earnings filing: 2019/11/26
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.