Global Energy Ventures

AU: GEV

Market CapAU$54.4m

Last Close AU$0.1

Global Energy Ventures is focused on the delivery of integrated compressed gas shipping solutions for transporting energy to regional markets. Although the primary focus is on compressed natural gas, large-scale compressed hydrogen solutions are likely to become the dominant focus of the group.

More Global Energy Ventures content >

Investment summary

Global Energy Ventures (GEV) is one of the first transport companies to offer the prospect of genuinely emission-free hydrogen production and inter-regional hydrogen transport solutions. Its innovative compressed hydrogen ship design is progressing through Class approvals and is in the early stages of development targeting a construction ready decision in 2023 and available ships for operation in 2026, serving markets into South-East Asia from Australia and within the European region from onshore supply projects, and also exciting applications in offshore energy production for hydrogen. Our scenario models suggest IRRs of between 10% and 19%.

Y/E Jun
Revenue (A$m)
EBITDA (A$m)
PBT (A$m)
EPS (c)
P/E (x)
P/CF (x)
2020A 1.5 N/A (2.9) (0.7) N/A N/A
2021A 0.2 N/A (3.1) (0.7) N/A N/A
2022E 0.0 N/A (6.4) (1.3) N/A N/A
2023E 0.0 N/A (7.4) (1.3) N/A N/A
Industry outlook

Australia is blessed with plentiful renewable energy sources (wind and solar) and a relatively limited local demand given the population. By contrast, several countries in South-East Asia have pledged to decarbonise their economies but have challenges in achieving targets given the geographies. GEV is looking to address this imbalance by transporting surplus energy in the form of green hydrogen from northern and western Australia to areas of high demand in its novel compressed hydrogen vessels.

Last updated on 21/01/2022
Content on Global Energy Ventures
Global Energy Ventures – executive interview
Industrials | Edison TV | 29 November 2021
View more
Register to receive research on Global Energy Ventures as it is published
Share price graph
Balance sheet
Forecast net cash (A$m) 12.7
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 3.1 (9.1) 7.5
Relative* 5.5 (6.2) 2.0
52-week high/low A$0.2/A$0.1
*% relative to local index
Key management
Maurice Brand Chairman
Martin Carolan CEO