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Genie Energy Ltd (GNE) Files 10-K for the Fiscal Year Ended on December 31, 2018

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- By insider

Genie Energy Ltd (GNE) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Genie Energy Ltd through its subsidiaries resells electricity and natural gas to residential and small business customers operating in the Mid-Atlantic and Midwestern United States. It also provides brokerage and advisory services to commercial customers. Genie Energy Ltd has a market cap of $223.708 million; its shares were traded at around $8.45 with a P/E ratio of 10.21 and P/S ratio of 0.77. The dividend yield of Genie Energy Ltd stocks is 3.56%.


For the last quarter Genie Energy Ltd reported a revenue of $62.8 million, compared with the revenue of $73.08 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $280.3 million, an increase of 6.1% from last year. For the last five years Genie Energy Ltd had an average revenue decline of 0.5% a year.

The reported diluted earnings per share was 83 cents for the year, compared with the loss per share of $1.31 in the previous year. The Genie Energy Ltd had an operating margin of 5.25%, compared with the operating margin of 0.19% a year before. The 10-year historical median operating margin of Genie Energy Ltd is 3.61%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, Genie Energy Ltd has the cash and cash equivalents of $41.6 million, compared with $29.9 million in the previous year. The long term debt was $2.52 million, compared with $2.51 million in the previous year. The interest coverage to the debt is at a comfortable level of 36.7. Genie Energy Ltd has a financial strength rank of 8 (out of 10).

At the current stock price of $8.45, Genie Energy Ltd is traded at close to its historical median P/S valuation band of $7.70. The P/S ratio of the stock is 0.77, while the historical median P/S ratio is 0.70. The stock gained 76.68% during the past 12 months.

For the complete 20-year historical financial data of GNE, click here.

This article first appeared on GuruFocus.