Companhia de Gás de São Paulo - COMGÁS

BOVESPA:CGAS3 Stock Report

Market Cap: R$19.6b

Companhia de Gás de São Paulo - COMGÁS Valuation

Is CGAS3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CGAS3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CGAS3 (R$120.11) is trading above our estimate of fair value (R$86.21)

Significantly Below Fair Value: CGAS3 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CGAS3?

Key metric: As CGAS3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CGAS3. This is calculated by dividing CGAS3's market cap by their current earnings.
What is CGAS3's PE Ratio?
PE Ratio7.3x
EarningsR$2.82b
Market CapR$19.60b

Price to Earnings Ratio vs Peers

How does CGAS3's PE Ratio compare to its peers?

The above table shows the PE ratio for CGAS3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
CEGR3 Companhia Distribuidora de Gás do Rio de Janeiro - CEG
34xn/aR$17.3b
ENGI3 Energisa
11.6x1.1%R$21.3b
ISAE4 ISA Energía Brasil
4.9x-19.6%R$17.7b
ENMT4 Energisa Mato Grosso - Distribuidora de Energia S/A
14.7xn/aR$18.5b
CGAS3 Companhia de Gás de São Paulo - COMGÁS
7.3xn/aR$19.6b

Price-To-Earnings vs Peers: CGAS3 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

How does CGAS3's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CGAS3 7.3xIndustry Avg. 14.3xNo. of Companies17PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CGAS3 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the Global Gas Utilities industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is CGAS3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CGAS3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CGAS3's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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