PT Perusahaan Gas Negara Tbk.

PGAS

-1.39%

Overview

PGAS Overview

PT Perusahaan Gas Negara Tbk is an Indonesia-based company that is engaged in the transportation and distribution of natural gas. The Company is engaged in upstream oil and gas, midstream and downstream fields across the Indonesian peninsula. It owns and operates natural gas pipelines in excess of more than 10,000 kilometer in total length, covering 96% of the national natural gas pipeline network. The Company's upstream portfolios consist of approximately 11 oil and gas blocks across the country, and one shale gas in Houston, United States. It has two FSRU’s (Lampung & West Java) and land-based regasification facility in Arun. The Company, through its downstream entities, serves more than 2,000 industrial and commercial customers. It serves sectors, such as power generation, fuel for heating and drying processes, steam boilers, drying furnaces, ovens and many applications.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PGAS

Main
Market Cap.
IDR 34.42Trillion

~$2.11B USD

Industry
Oil & Gas
Sub-Industry
Oil & Gas Storage & Distribution
Sector
Energy
Sub-Sector

Valuation

PGAS Valuation Metrics

1,420

IDR
-1.4%

Closing Price on 2024-06-14

Price to Equity

7.06

P/E

At 7.06x P/E TTM, PGAS.JK is trading in line with its peers in the Oil, Gas & Coal sector.

Price to Book

0.77

P/B

At 0.77x P/B TTM, PGAS.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Price to Sales

0.61

P/S

At 0.61x P/S TTM, PGAS.JK is trading at a discount to its peers in the Oil, Gas & Coal sector.

Valuing PT Perusahaan Gas Negara Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Oil, Gas & Coal sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Perusahaan Gas Negara Tbk. relative to other stocks in the Oil, Gas & Coal sector

Price/Cash Flow
3.06x
Price/Forward Earnings
6.71x
Enterprise Value/Revenue
0.63x
Enterprise Value/EBITDA
3.51x
PEG Ratio
0.14x

Analyst Ratings

40
60
80
0
100

57.5

Recommended

Neutral

Not Recommended

Last closing: IDR1,4202024-06-14
IDR 1,357.80

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of PGAS is IDR1,358, which is 3% lower than PGAS's last closing price of IDR1,420 (as of 2024-06-14).

Valuation Recap of PGAS stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 7.06x is below the ID market average of 8.07x but is trading in a P/E range similar to its peers in the Oil, Gas & Coal sector (7.01x).

High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 0.77x is similar to the peers average of 0.92x in the Oil, Gas & Coal sector.

Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 0.61x is similar to the peers average of 0.88x in the Oil, Gas & Coal sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PGAS's valuation relative to its current sales and future earnings growth. PGAS trades at a Forward P/E ratio of 6.71x, which is considered fairly undervalued by analysts.

Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. PGAS's P/CF ratio of 3.06x is considered healthy by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. PGAS's EV/R ratio of 0.63x is considered extremely underpriced by the market The average EV/R ratio for the Oil, Gas & Coal sector is 1.18x.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of PGAS is IDR 1,357.80, which is 3% lower than PGAS's last closing price of IDR 1,420.00.

Peers

PGAS Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
BYANBayan Resources Tbk578.27T45.36T 51.05T 15.92T 36.3217.39
DSSADian Swastatika Sentosa Tbk129.48T47.45T 77.68T 6.60T 19.616.04
CUANPT Petrindo Jaya Kreasi Tbk91.90T18.56T 2.56T 0.67T 138.1940.60
ADROAdaro Energy Indonesia Tbk85.85T166.36T 94.74T 24.11T 3.560.76
ADMRPT Adaro Minerals Indonesia Tbk53.35T28.33T 17.40T 7.33T 7.283.08
GEMSGolden Energy Mines Tbk41.98T21.54T 43.09T 7.17T 5.863.20
TCPIPT Transcoal Pacific Tbk.35.88T3.80T 1.87T 0.19T 189.5817.80
PGASPT Perusahaan Gas Negara Tbk.34.42T106.94T 56.76T 4.88T 7.060.77
MEDCPT Medco Energi Internasional Tbk31.53T120.36T 25.84T 3.62T 8.701.04
AKRAPT AKR Corporindo Tbk.31.28T30.42T 40.94T 2.77T 11.302.63
Competitiveness Recap of PGAS stock
WeightNotesScore
High
At a market cap of IDR 34,422.93 billion, PGAS.JK ranks 8 in Market Cap out of 10 companies in the Energy sector.

High
At a PE of 7.06, PGAS.JK ranks 8 out of 10 companies in the Energy sector for P/E value. The average PE is 42.75 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Energy. In this regard, it trails behind sector leaders such as PT Transcoal Pacific Tbk. (189.58) in the Energy sector.

Medium
At a PE of 7.06, PGAS.JK is trading at a higher PE than that of its subsector peers in Oil, Gas & Coal (median of 7.01). false

Medium
At a revenue of IDR 56.76 trillion, PGAS.JK ranks 3 in Revenue out of 10 companies in the Energy sector.

Medium
At a profit of IDR 4.88 trillion, PGAS.JK ranks 6 in Profit out of 10 companies in the Energy sector.

Future

Future Growth of PGAS

Growth Forecasts

PGAS 2024 Revenue Growth
+0.9%
PGAS 2025 Revenue Growth
+1.8%
PGAS 2024 EPS Growth
+26.3%
PGAS 2025 EPS Growth
+17.3%
Sector Revenue Growth
-9.9%
Oil, Gas & Coal
Indonesia Market Growth
+13.1%
IDX overall growth
Oil, Gas & Coal Sector Revenue Growth '24
-7.3%
Oil, Gas & Coal Sector Revenue Growth '25
+0.8%
Energy Sector Revenue Growth '24
-7.3%
Energy Sector Revenue Growth '25
+0.8%

Sector Benchmark

Oil, Gas & Coal companies in Indonesia are shrinking at a projected rate of -9.91% against the IDX average of +13.1%.

Oil, Gas & Coal sector overview

PGAS Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of PGAS
WeightNotesScore
High
PGAS's projected growth rate of -9.91% is below the ID market average of 13.14%.

High
The Oil, Gas & Coal sub-sector is projected to grow revenue by 0.81% in 2025. This number is higher than the previous year 2024's growth rate of -7.27%. false

Medium
The Oil, Gas & Coal sub-sector is projected to decrease earnings by -8.53% in 2025. This number is higher than the previous year 2024's EPS growth of -16.38%. false

Medium
PGAS and its peers in the Oil, Gas & Coal sub-sector belongs to the Energy sector. Companies in the Energy sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -8.53% in 2025 while revenue growth is projected to increase by 0.81%. These macroeconomic trends will likely be a tailwind for PGAS's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Arief Setiawan Handoko15.2 years
Harry Budi Sidharta
Director
Fadjar Harianto Widodo
Director
Ratih Esti Prihatini
Director
Beni Syarif Hidayat
Director
Rosa Permata Sari
Director
NamePositionShares%
No data is available for PGAS at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

PGAS Ownership

NameNumber of SharesOwnership (%)Value
Pt Pertamina (Persero)13,809,038,75556.9619,608.84B
Public (Scripless)10,432,337,94043.0314,813.92B

Largest Institutional Buy

No data is available for PGAS at the moment.

Largest Institutional Sell

Victory Capital Management Inc.
Sold 31-12-2023
-27,469,458 shares
Robeco Institutional Asset Management BV
Sold 31-12-2023
-26,883,600 shares
Causeway Capital Management LLC
Sold 31-12-2023
-22,147,600 shares

Institutional Transactions

Tracking institutional transactions buying / selling of PGAS stock

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