A Business at a Glance
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BUSINESS OVERVIEW Genie Energy Ltd. is end-to-end provider of energy services. We manage our business and report results through two reporting segments. Genie Retail Energy (“GRE”) supplies electricity and natural gas to residential and small business customers through retail energy providers ("REPs") operating in certain deregulated markets within the United States; and Genie Renewables ("GREW") is primarily comprised of the following three lines of businesses: Genie Solar — an integrated solar energy company that develops, constructs and operates utility-scale solar energy projects; CityCom Solar (“CityCom”) — a marketer of community solar and alternative products and services complementary to our energy offerings; Diversegy LLC (“Diversegy”) — a provider of energy procurement and advisory services to industrial, commercial and municipal customers. The Company owns 100% of Genie Retail Energy, Inc. and 95.5% of Genie Energy Services, LLC (“GES”).
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 483M | 425M | 429M | 316M | 323M | 357M |
| Net Income | 4.9M | 13M | 19M | 86M | 28M | 12M |
| EPS | $0.19 | $0.46 | $0.74 | $3.26 | $1.05 | $0.44 |
| Free Cash Flow | 35M | 64M | 61M | 80M | 68M | 23M |
| ROIC | 2.4% | 9.7% | 8.6% | 64.3% | 57.9% | 23.1% |
| Gross Margin | 25.7% | 32.6% | 34.1% | 49.1% | 28.3% | 26.6% |
| Debt/Equity | 0.06 | 0.05 | 0.74 | 0.56 | 0.96 | 0.01 |
| Dividends/Share | $5.13 | $0.30 | $0.30 | $0.30 | $0.33 | $0.33 |
| Operating Income | 971K | 11M | 10M | 78M | 24M | 22M |
| Operating Margin | 0.2% | 2.7% | 2.3% | 24.6% | 7.5% | 6.1% |
| ROE | 2.4% | 6.5% | 9.7% | 45.9% | 22.3% | 11.9% |
| Shares Outstanding | 2M | 27M | 26M | 26M | 26M | 27M |
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 264M | 280M | 315M | 357M | 323M | 316M | 429M | 425M | 483M |
| Gross Margin | 32.4% | 27.3% | 26.3% | 26.6% | 28.3% | 49.1% | 34.1% | 32.6% | 25.7% |
| R&D | -269K | 39K | 207K | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 80M | 62M | 73M | 72M | 68M | 75M | 91M | 93M | 91M |
| EBIT | -6.0M | 12M | 9.8M | 22M | 24M | 78M | 10M | 11M | 971K |
| Op. Margin | -2.3% | 4.3% | 3.1% | 6.1% | 7.5% | 24.6% | 2.3% | 2.7% | 0.2% |
| Net Income | -8.5M | 21M | 2.7M | 12M | 28M | 86M | 19M | 13M | 4.9M |
| Net Margin | -3.2% | 7.6% | 0.9% | 3.3% | 8.5% | 27.2% | 4.5% | 3.0% | 1.0% |
| Non-Recurring | 0 | 2.7M | 400K | 1.4M | 400K | 2.1M | 2.1M | 185K | 26K |
| Returns on Capital | |||||||||
| ROIC | -9.8% | 50.1% | 16.6% | 23.1% | 57.9% | 64.3% | 8.6% | 9.7% | 2.4% |
| ROE | -10.1% | 20.5% | 2.8% | 11.9% | 22.3% | 45.9% | 9.7% | 6.5% | 2.4% |
| ROA | -6.7% | 14.5% | 1.7% | 6.2% | 12.0% | 30.9% | 5.8% | 3.6% | 1.2% |
| Cash Flow | |||||||||
| Op. Cash Flow | 9.4M | 19M | 16M | 23M | 68M | 81M | 62M | 71M | 43M |
| Free Cash Flow | 6.1M | 19M | 15M | 23M | 68M | 80M | 61M | 64M | 35M |
| Owner Earnings | 2.0M | 13M | 11M | 19M | 65M | 77M | 59M | 68M | 40M |
| CapEx | 3.3M | 584K | 404K | 167K | 126K | 1.0M | 1.4M | 6.7M | 8.4M |
| Maint. CapEx | 2.1M | 2.1M | 3.6M | 3.0M | 436K | 385K | 463K | 884K | 960K |
| Growth CapEx | 1.2M | 0 | 0 | 0 | 0 | 634K | 900K | 5.8M | 7.5M |
| D&A | 2.1M | 2.1M | 3.6M | 3.0M | 436K | 385K | 463K | 884K | 960K |
| CapEx/OCF | N/A | 3.0% | N/A | N/A | N/A | 1.3% | N/A | N/A | 19.4% |
| Capital Allocation | |||||||||
| Dividends Paid | 8.9M | 9.3M | 9.6M | 10M | 1.5M | 9.2M | 8.9M | 8.2M | 8.1M |
| Dividend Yield | N/A | 8.5% | N/A | N/A | N/A | 4.6% | N/A | N/A | 37.0% |
| Share Buybacks | 829K | 889K | 5.6M | 1.7M | 3.8M | 4.4M | 37K | 10M | 9.1M |
| Buyback Yield | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% | 1.6% | 0.0% | 0.0% | 41.9% |
| Stock-Based Comp | 5.2M | 4.5M | 1.1M | 1.1M | 2.8M | 3.0M | 2.8M | 2.3M | 2.6M |
| Debt Repayment | 13M | 13M | 2.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||
| Net Debt | -55M | -80M | -59M | -36M | N/A | N/A | N/A | -101M | -99M |
| Cash & Equiv. | 30M | 42M | 31M | 32M | 94M | 99M | 108M | 104M | 110M |
| Long-Term Debt | 2.5M | 2.5M | 777K | N/A | N/A | N/A | N/A | 8.7M | 6.7M |
| Debt/Equity | 0.06 | 0.03 | 0.03 | 0.01 | 0.96 | 0.56 | 0.74 | 0.05 | 0.06 |
| Interest Coverage | -19.3 | 29.9 | 18.5 | 66.7 | 56.4 | 602.7 | 101.1 | 24.3 | 1.7 |
| Equity | 84M | 104M | 95M | 98M | 123M | 187M | 197M | 191M | 199M |
| Total Assets | 126M | 147M | 156M | 187M | 229M | 278M | 331M | 371M | 394M |
| Total Liabilities | 59M | 54M | 75M | 101M | 119M | 104M | 146M | 192M | 205M |
| Intangibles | 4.9M | 6.3M | 6.8M | 4.7M | 3.5M | 3.1M | 2.7M | 2.4M | 2.1M |
| Retained Earnings | -67M | -54M | -60M | -57M | -29M | 49M | 60M | 65M | 79M |
| Working Capital | 35M | 47M | 41M | 36M | 84M | 128M | 132M | 118M | 113M |
| Current Assets | 90M | 98M | 113M | 134M | 200M | 228M | 230M | 227M | 238M |
| Current Liabilities | 55M | 51M | 72M | 97M | 116M | 99M | 98M | 110M | 125M |
| Per Share Data | |||||||||
| EPS | -0.36 | 0.83 | 0.10 | 0.44 | 1.05 | 3.26 | 0.74 | 0.46 | 0.19 |
| Owner EPS | 0.09 | 0.50 | 0.41 | 0.72 | 2.48 | 2.94 | 2.28 | 2.47 | 25.33 |
| Book Value | 3.57 | 4.04 | 3.52 | 3.70 | 4.70 | 7.10 | 7.60 | 6.96 | 126.28 |
| Cash Flow/Share | 0.40 | 0.75 | 0.58 | 0.87 | 2.61 | 3.06 | 2.41 | 2.59 | 3.69 |
| Dividends/Share | 0.30 | 0.30 | 0.30 | 0.33 | 0.33 | 0.30 | 0.30 | 0.30 | 5.13 |
| Shares Out. | 23.5M | 25.7M | 26.9M | 26.5M | 26.2M | 26.3M | 26.0M | 27.4M | 1.6M |
| Valuation | |||||||||
| P/E Ratio | N/A | 6.0 | N/A | N/A | N/A | 3.1 | N/A | N/A | 72.9 |
| P/FCF | N/A | 6.8 | N/A | N/A | N/A | 3.4 | N/A | N/A | 0.6 |
| EV/EBIT | N/A | 7.5 | N/A | N/A | N/A | N/A | N/A | N/A | -79.3 |
| Price/Book | N/A | 1.2 | N/A | N/A | N/A | 1.4 | N/A | N/A | 0.1 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | 0.6 | N/A | N/A | 0.0 |
| FCF Yield | N/A | 14.6% | N/A | N/A | N/A | 29.7% | N/A | N/A | 160.3% |
| Market Cap | 0 | 129M | 0 | 0 | 0 | 268M | 0 | 0 | 22M |
| Avg. Price | 0.00 | 4.24 | 0.00 | 0.00 | 0.00 | 7.55 | 0.00 | 0.00 | 13.85 |
| Year-End Price | 0.00 | 5.01 | 0.00 | 0.00 | 0.00 | 10.19 | 0.00 | 0.00 | 13.85 |
Genie Energy Ltd. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Genie Energy Ltd. trades at 4.2x trailing earnings, compared to its 15-year median P/E of 4.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 4.6x vs a median of 5.1x. The company's 5-year average ROIC is 32.7% with a gross margin of 34.1%. Total shareholder yield (dividends + buybacks) is 78.9%. At current prices, the estimated annualized return to fair value is +48.1%.
Genie Energy Ltd. (GNE) has a current P/E ratio of 4.2, compared to its historical median P/E of 4.6. The stock is currently considered Fair based on its historical valuation range.
Genie Energy Ltd. (GNE) has a 5-year average return on invested capital (ROIC) of 32.7%. This indicates strong capital allocation and a potential competitive advantage.
Genie Energy Ltd. (GNE) has a market capitalization of $22M. It is classified as a small-cap stock.
Yes, Genie Energy Ltd. (GNE) pays a dividend with a trailing twelve-month yield of 37.03%. The company also returns capital through share buybacks, with a buyback yield of 41.92%.
Based on historical P/E analysis, Genie Energy Ltd. (GNE) appears fair. The current P/E of 4.2 is 7% below its historical median of 4.6. The estimated fair value CAGR (P/E method) is 40.2%.
Genie Energy Ltd. (GNE) operates in the Electric & Other Services Combined industry, within the Utilities sector.
Genie Energy Ltd. (GNE) reported annual revenue of $425 million in its most recent fiscal year, based on SEC EDGAR filings.
Genie Energy Ltd. (GNE) has a net profit margin of 3.0%. This is a modest margin.
Genie Energy Ltd. (GNE) generated $64 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Genie Energy Ltd. (GNE) has a debt-to-equity ratio of 0.05. This indicates a conservatively financed balance sheet.
Genie Energy Ltd. (GNE) reported earnings per share (EPS) of $0.46 in its most recent fiscal year.
Genie Energy Ltd. (GNE) has a return on equity (ROE) of 6.5%. This indicates moderate shareholder returns.
Genie Energy Ltd. (GNE) has a 5-year average gross margin of 34.1%. This indicates decent pricing power.
The Ledger Terminal provides 8 years of financial data for Genie Energy Ltd. (GNE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Genie Energy Ltd. (GNE) has a book value per share of $6.96, based on its most recent annual SEC filing.