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PROM

Promigas E.S.P BVC:PROMIGAS Stock Report

Last Price

Col$5.46k

Market Cap

Col$6.2t

7D

-2.7%

1Y

-20.9%

Updated

16 Aug, 2022

Data

Company Financials
PROMIGAS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends2/6

PROMIGAS Stock Overview

Promigas S.A. E.S.P. exploits, explores for, transports, distributes, and sells natural gas, and oil and hydrocarbons in Colombia and Latin America.

Promigas E.S.P Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Promigas E.S.P
Historical stock prices
Current Share PriceCol$5,460.00
52 Week HighCol$7,800.00
52 Week LowCol$5,450.00
Beta0.37
1 Month Change-0.73%
3 Month Change-19.82%
1 Year Change-20.87%
3 Year Change-23.32%
5 Year Change-10.49%
Change since IPO2,240.88%

Recent News & Updates

Shareholder Returns

PROMIGASCO Gas UtilitiesCO Market
7D-2.7%-0.002%-0.9%
1Y-20.9%-5.6%-6.3%

Return vs Industry: PROMIGAS underperformed the CO Gas Utilities industry which returned -6.4% over the past year.

Return vs Market: PROMIGAS underperformed the CO Market which returned -3.8% over the past year.

Price Volatility

Is PROMIGAS's price volatile compared to industry and market?
PROMIGAS volatility
PROMIGAS Average Weekly Movement4.0%
Gas Utilities Industry Average Movement5.6%
Market Average Movement6.6%
10% most volatile stocks in CO Market9.2%
10% least volatile stocks in CO Market4.0%

Stable Share Price: PROMIGAS is less volatile than 75% of CO stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PROMIGAS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1974n/aEric Fleschhttps://www.promigas.com

Promigas S.A. E.S.P. exploits, explores for, transports, distributes, and sells natural gas, and oil and hydrocarbons in Colombia and Latin America. It operates through Gas Transportation; Gas Distribution; Integrated Solutions for the Industry and Power Generation; Power Distribution; and Non-Bank Financing segments. The company transmits natural gas through a network of 3,089 kilometers of pipelines.

Promigas E.S.P Fundamentals Summary

How do Promigas E.S.P's earnings and revenue compare to its market cap?
PROMIGAS fundamental statistics
Market CapCol$6.20t
Earnings (TTM)Col$1.19t
Revenue (TTM)Col$5.48t

5.2x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PROMIGAS income statement (TTM)
RevenueCol$5.48t
Cost of RevenueCol$3.54t
Gross ProfitCol$1.94t
Other ExpensesCol$745.05b
EarningsCol$1.19t

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.05k
Gross Margin35.35%
Net Profit Margin21.77%
Debt/Equity Ratio132.0%

How did PROMIGAS perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

n/a

Payout Ratio

Does PROMIGAS pay a reliable dividends?

See PROMIGAS dividend history and benchmarks
When do you need to buy PROMIGAS by to receive an upcoming dividend?
Promigas E.S.P dividend dates
Ex Dividend DateAug 16 2022
Dividend Pay DateAug 22 2022
Days until Ex dividend2 days
Days until Dividend pay date4 days

Does PROMIGAS pay a reliable dividends?

See PROMIGAS dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PROMIGAS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.4x
Enterprise Value/EBITDA7.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

PROMIGAS PE Ratio vs Peers
The above table shows the PE ratio for PROMIGAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.7x
GEB Grupo Energía Bogotá E.S.P
6.6x-8.0%Col$17.9t
GASORIENTE Gas Natural del Oriente ESP
5.2xn/aCol$163.1b
CSACOL Celsia Colombia E.S.P
12.1xn/aCol$7.0t
CELSIA CELSIA E.S.P
10.8x0.8%Col$3.8t
PROMIGAS Promigas E.S.P
5.2xn/aCol$6.2t

Price-To-Earnings vs Peers: PROMIGAS is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (8.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PROMIGAS is good value based on its Price-To-Earnings Ratio (5.2x) compared to the South American Gas Utilities industry average (6.6x)


Price to Earnings Ratio vs Fair Ratio

What is PROMIGAS'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.

PROMIGAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: PROMIGAS (COP5460) is trading above our estimate of fair value (COP4967.02)

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


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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Future Growth

How is Promigas E.S.P forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.5%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Promigas E.S.P has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of PROMIGAS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Promigas E.S.P performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PROMIGAS has high quality earnings.

Growing Profit Margin: PROMIGAS's current net profit margins (21.8%) are lower than last year (24.3%).


Past Earnings Growth Analysis

Earnings Trend: PROMIGAS's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: PROMIGAS's earnings growth over the past year (4.3%) is below its 5-year average (16.2% per year).

Earnings vs Industry: PROMIGAS earnings growth over the past year (4.3%) underperformed the Gas Utilities industry 25.1%.


Return on Equity

High ROE: Whilst PROMIGAS's Return on Equity (24.82%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Promigas E.S.P's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PROMIGAS's short term assets (COP2,411.9B) do not cover its short term liabilities (COP2,417.0B).

Long Term Liabilities: PROMIGAS's short term assets (COP2,411.9B) do not cover its long term liabilities (COP7,629.3B).


Debt to Equity History and Analysis

Debt Level: PROMIGAS's net debt to equity ratio (117.8%) is considered high.

Reducing Debt: PROMIGAS's debt to equity ratio has increased from 128.7% to 132% over the past 5 years.

Debt Coverage: PROMIGAS's debt is not well covered by operating cash flow (13.3%).

Interest Coverage: PROMIGAS's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


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Dividend

What is Promigas E.S.P current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.11%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PROMIGAS's dividend (7.11%) is higher than the bottom 25% of dividend payers in the CO market (3.49%).

High Dividend: PROMIGAS's dividend (7.11%) is low compared to the top 25% of dividend payers in the CO market (12.08%).


Stability and Growth of Payments

Stable Dividend: PROMIGAS's dividend payments have been volatile in the past 10 years.

Growing Dividend: PROMIGAS's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (711%), PROMIGAS's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Eric Flesch (65 yo)

4.58yrs

Tenure

Mr. Eric Flesch has been Chief Executive Officer?? of Promigas S.A. E.S.P. since 2018.


Leadership Team

Experienced Management: PROMIGAS's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: PROMIGAS's board of directors are seasoned and experienced ( 11.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Promigas S.A. E.S.P.'s employee growth, exchange listings and data sources


Key Information

  • Name: Promigas S.A. E.S.P.
  • Ticker: PROMIGAS
  • Exchange: BVC
  • Founded: 1974
  • Industry: Gas Utilities
  • Sector: Utilities
  • Implied Market Cap: Col$6.196t
  • Shares outstanding: 1.13b
  • Website: https://www.promigas.com

Number of Employees


Location

  • Promigas S.A. E.S.P.
  • Calle 66 #67-72
  • Barranquilla
  • Colombia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.