Genesis Energy Ltd
GNE: XNZE (NZL)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
NZD 8.50 | Hbhwss | Hxvyzgczt |
Genesis Energy Remains Expensive Despite the Pullback
Despite a pullback from record highs, narrow-moat Genesis Energy shares remain materially overvalued relative to our unchanged fair value estimate of NZD 2.40. While overvalued, Genesis Energy shares offer investors an attractive fiscal 2021 dividend yield of 5.0%.