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Granite Falls Energy

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Granite Falls Energy, LLC owns and operates a fuel-grade ethanol plant. The company's business consists primarily of producing ethanol and its related co-products, including wet, modified and dried distillers’ grains, as well as corn oil. Granite Falls Energy ethanol production operations are carried out at our ethanol plant located in Granite Falls, Minnesota and at the ethanol plant operated by HLBE located near Heron Lake, Minnesota. 

Additionally, the company has a principal co-product of the ethanol production process which is distillers’ grains, a high-protein and high-energy animal feed ingredient primarily marketed to the dairy and beef industries. GFE also extracts non-edible crude corn oil during the thin stillage evaporation process immediately prior to production of distillers’ grains.

TypePublic
Founded2000
HQGranite Falls, USMap
Websitegranitefallsenergy.com
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Locations

Granite Falls Energy is headquartered in
Granite Falls, United States

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Latest Updates

Employees (est.) (Oct 2019)82
Revenue (FY, 2019)$208.8 M
Share Price (May 2020)$1.8 K

Key People/Management at Granite Falls Energy

Paul Enstad

Paul Enstad

Chairman
Rod Wilkison

Rod Wilkison

Vice Chairman
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Granite Falls Energy Office Locations

Granite Falls Energy has an office in Granite Falls
Granite Falls, US (HQ)
Granite Falls, MN 56241, USA
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Granite Falls Energy Financials and Metrics

Granite Falls Energy Revenue

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Granite Falls Energy's revenue was reported to be $208.78 m in FY, 2019
USD

Revenue (Q1, 2020)

53.4m

Gross profit (Q1, 2020)

(942.5k)

Gross profit margin (Q1, 2020), %

(1.8%)

Net income (Q1, 2020)

(2.7m)

EBIT (Q1, 2020)

(2.7m)

Market capitalization (21-May-2020)

55.1m

Closing stock price (21-May-2020)

1.8k

Cash (31-Jan-2020)

8.4m

EV

98.8m
Granite Falls Energy's current market capitalization is $55.1 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

175.2m224.1m301.0m231.3m215.5m215.8m210.3m208.8m

Revenue growth, %

34%(23%)(7%)

Cost of goods sold

172.7m210.1m237.4m208.7m198.6m194.7m200.7m212.6m

Gross profit

2.5m14.0m63.5m22.6m16.9m21.1m9.6m(3.8m)
Quarterly
USDQ3, 2011Q4, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

45.4m156.5m43.7m39.0m42.4m47.1m48.0m77.5m81.3m78.4m58.7m59.1m58.7m51.0m51.0m58.0m54.6m52.8m54.3m53.0m55.6m53.2m49.4m49.4m56.4m53.4m

Cost of goods sold

43.3m142.4m40.1m38.4m42.4m45.9m44.4m63.0m63.1m62.3m53.1m53.5m49.9m49.6m48.7m51.7m47.7m48.8m50.0m50.0m51.7m49.5m52.1m50.4m52.7m54.3m

Gross profit

2.1m14.2m3.7m657.4k54.7k1.2m3.6m14.4m18.2m16.0m5.6m5.5m8.8m1.4m2.3m6.3m6.8m4.0m4.2m3.0m3.8m3.7m(2.7m)(993.9k)3.7m(942.5k)

Gross profit Margin, %

5%9%8%2%0%3%8%19%22%20%10%9%15%3%4%11%13%7%8%6%7%7%(6%)(2%)7%(2%)
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

685.8k1.2m27.2m12.7m13.8m21.7m14.9m13.5m

Accounts Receivable

7.4m6.5m9.3m9.7m6.7m7.6m7.3m7.4m

Prepaid Expenses

165.5k1.1m398.5k259.9k361.3k506.9k534.9k

Inventories

12.0m12.4m10.7m12.2m18.3m15.2m14.9m13.8m
Quarterly
USDQ3, 2011Q4, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

12.1m13.1m7.9m9.4m3.6m299.5k1.4m1.7m15.1m4.5m7.2m12.4m6.6m10.6m11.3m3.2m17.0m20.4m6.6m13.7m15.4m6.9m8.3m11.9m8.4m

Accounts Receivable

4.6m3.8m5.0m4.2m5.6m7.7m6.2m11.9m12.4m4.4m9.0m4.9m5.3m1.9m6.9m4.4m609.6k2.2m7.4m4.5m2.6m5.7m7.3m5.2m2.0m

Prepaid Expenses

156.5k177.8k330.0k255.1k201.0k391.5k262.3k1.3m662.4k689.8k712.5k465.7k1.9m454.4k451.6k398.0k584.9k565.7k702.7k596.9k615.6k1.0m1.1m885.3k1.1m

Inventories

5.5m8.6m7.9m5.0m7.0m13.6m12.8m9.6m9.0m11.2m13.4m10.5m12.7m12.4m11.7m10.8m18.6m14.0m12.9m15.7m14.1m15.6m14.8m12.3m17.7m18.3m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

160.6k10.0m48.8m13.6m11.2m15.1m3.4m(11.0m)

Depreciation and Amortization

4.2m5.5m9.3m9.7m9.7m9.4m9.2m9.4m

Inventories

(3.4m)1.9m1.6m(1.5m)(6.1m)3.1m324.3k1.1m

Accounts Payable

286.9k(6.0k)(336.1k)(4.4m)5.3m(3.7m)2.7m1.1m
Quarterly
USDQ3, 2011Q4, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

7.9m12.3m3.0m3.2m2.6m221.4k3.3m10.6m24.8m45.7m4.2m8.2m15.6m26.5k738.9k5.6m5.6m8.0m10.7m1.5m3.7m5.8m(4.5m)(7.0m)(4.9m)(2.7m)

Depreciation and Amortization

2.9m4.0m1.0m2.1m3.2m1.2m2.3m2.3m4.6m5.9m2.4m4.7m7.2m2.4m4.8m7.2m2.5m5.0m7.1m2.3m4.6m6.9m2.4m4.7m7.1m2.4m

Inventories

(1.2m)(4.3m)702.7k3.6m1.6m(2.0m)(777.2k)2.8m3.4m1.2m(2.7m)222.9k(2.0m)(214.0k)479.7k(191.7k)(271.1k)4.3m5.4m(495.4k)1.1m(378.4k)84.4k2.6m(2.8m)(4.5m)

Accounts Payable

1.6m871.7k741.7k37.8k(1.1m)(759.8k)404.9k(1.8m)(559.3k)283.7k(810.0k)(5.4m)(5.5m)(1.7m)(830.9k)(8.8k)(7.6m)(6.2m)(5.3m)(2.6m)(3.0m)(2.7m)(5.8m)(5.3m)(1.7m)(4.0m)
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USDY, 2020

EV/EBIT

-36.4 x

EV/CFO

-28.9 x

Financial Leverage

1 x
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Granite Falls Energy Online and Social Media Presence

Granite Falls Energy's Trends

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 Granite Falls Energy Frequently Asked Questions

  • When was Granite Falls Energy founded?

    Granite Falls Energy was founded in 2000.

  • Who are Granite Falls Energy key executives?

    Granite Falls Energy's key executives are Paul Enstad and Rod Wilkison.

  • How many employees does Granite Falls Energy have?

    Granite Falls Energy has 82 employees.

  • What is Granite Falls Energy revenue?

    Latest Granite Falls Energy annual revenue is $208.8 m.

  • What is Granite Falls Energy revenue per employee?

    Latest Granite Falls Energy revenue per employee is $2.5 m.

  • Who are Granite Falls Energy competitors?

    Competitors of Granite Falls Energy include Greenshift Corporation, Heron Lake BioEnergy and MycoWorks.

  • Where is Granite Falls Energy headquarters?

    Granite Falls Energy headquarters is located at Granite Falls, MN 56241, USA, Granite Falls.

  • Where are Granite Falls Energy offices?

    Granite Falls Energy has an office in Granite Falls.

  • How many offices does Granite Falls Energy have?

    Granite Falls Energy has 1 office.