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Transportadora de Gas del Sur

BST:T2K1
Snowflake Description

Outstanding track record and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T2K1
BST
ARS92B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Transportadora de Gas del Sur S.A. provides natural gas transportation and distribution services in Argentina. The last earnings update was 9 days ago. More info.


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T2K1 Share Price and Events
7 Day Returns
6.1%
BST:T2K1
1.8%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-20.8%
BST:T2K1
2.6%
DE Oil and Gas
-7.6%
DE Market
T2K1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Transportadora de Gas del Sur (T2K1) 6.1% -4.8% 4.4% -20.8% 148.4% 901.6%
DE Oil and Gas 1.8% 2.3% 14.1% 2.6% 8.3% 40.5%
DE Market 2.1% 3.6% 8.1% -7.6% 9.8% 12.4%
1 Year Return vs Industry and Market
  • T2K1 underperformed the Oil and Gas industry which returned 2.6% over the past year.
  • T2K1 underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
T2K1
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Transportadora de Gas del Sur's competitors could be found in our database.

T2K1 Value

 Is Transportadora de Gas del Sur undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Transportadora de Gas del Sur to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Transportadora de Gas del Sur.

BST:T2K1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:T2K1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.942 (1 + (1- 30%) (22.44%))
1.06
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.06 * 5.96%)
6.55%

Discounted Cash Flow Calculation for BST:T2K1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Transportadora de Gas del Sur is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:T2K1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ARS, Millions) Source Present Value
Discounted (@ 6.55%)
2019 2,730.67 Analyst x3 2,562.85
2020 12,039.00 Analyst x3 10,604.71
2021 17,588.00 Analyst x2 14,540.49
2022 31,802.00 Analyst x1 24,675.80
2023 37,115.00 Analyst x1 27,028.41
2024 41,148.86 Est @ 10.87% 28,124.38
2025 44,307.60 Est @ 7.68% 28,422.20
2026 46,718.77 Est @ 5.44% 28,127.10
2027 48,530.38 Est @ 3.88% 27,422.15
2028 49,880.88 Est @ 2.78% 26,453.07
Present value of next 10 years cash flows ARS217,961.15
BST:T2K1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ARS49,880.88 × (1 + 0.23%) ÷ (6.55% – 0.23%)
ARS791,038.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ARS791,038.57 ÷ (1 + 6.55%)10
ARS419,507.39
BST:T2K1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ARS217,961.15 + ARS419,507.39
ARS637,468.54
Equity Value per Share
(ARS)
= Total value / Shares Outstanding
= ARS637,468.54 / 780.89
ARS816.33
BST:T2K1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:T2K1 represents 0.1088x of BASE:TGSU2
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1088x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ARS) x Listing Adjustment Factor
= ARS 816.33 x 0.1088
€88.82
Value per share (EUR) From above. €88.82
Current discount Discount to share price of €12.79
= -1 x (€12.79 - €88.82) / €88.82
85.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Transportadora de Gas del Sur is available for.
Intrinsic value
>50%
Share price is €12.79 vs Future cash flow value of €88.82
Current Discount Checks
For Transportadora de Gas del Sur to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Transportadora de Gas del Sur's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Transportadora de Gas del Sur's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Transportadora de Gas del Sur's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Transportadora de Gas del Sur's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:T2K1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in ARS ARS14.48
BASE:TGSU2 Share Price ** BASE (2019-03-19) in ARS ARS117.55
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 16.47x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.91x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Transportadora de Gas del Sur.

BST:T2K1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BASE:TGSU2 Share Price ÷ EPS (both in ARS)

= 117.55 ÷ 14.48

8.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transportadora de Gas del Sur is good value based on earnings compared to the DE Oil and Gas industry average.
  • Transportadora de Gas del Sur is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Transportadora de Gas del Sur's expected growth come at a high price?
Raw Data
BST:T2K1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
25.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.85x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

BST:T2K1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.12x ÷ 25.2%

0.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transportadora de Gas del Sur is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Transportadora de Gas del Sur's assets?
Raw Data
BST:T2K1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in ARS ARS39.63
BASE:TGSU2 Share Price * BASE (2019-03-19) in ARS ARS117.55
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.99x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.79x
BST:T2K1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BASE:TGSU2 Share Price ÷ Book Value per Share (both in ARS)

= 117.55 ÷ 39.63

2.97x

* Primary Listing of Transportadora de Gas del Sur.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Transportadora de Gas del Sur is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Transportadora de Gas del Sur's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Transportadora de Gas del Sur has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

T2K1 Future Performance

 How is Transportadora de Gas del Sur expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Transportadora de Gas del Sur expected to grow at an attractive rate?
  • Transportadora de Gas del Sur's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Transportadora de Gas del Sur's earnings growth is expected to exceed the Germany market average.
  • Transportadora de Gas del Sur's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:T2K1 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:T2K1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 25.2%
BST:T2K1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 18.8%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:T2K1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in ARS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:T2K1 Future Estimates Data
Date (Data in ARS Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 91,867 43,284 1
2022-12-31 80,484 37,222 1
2021-12-31 58,876 25,585 3
2020-12-31 49,605 20,281 18,581 4
2019-12-31 41,600 14,500 13,622 1
BST:T2K1 Past Financials Data
Date (Data in ARS Millions) Revenue Cash Flow Net Income *
2018-12-31 34,063 12,797 11,416
2018-09-30 23,557 8,136 4,594
2018-06-30 18,515 4,281 4,328
2018-03-31 14,639 4,531 3,863
2017-12-31 19,953 5,557 5,751
2017-09-30 10,636 2,817 2,281
2017-06-30 9,557 2,636 1,914
2017-03-31 8,532 2,684 1,648
2016-12-31 7,402 2,138 931
2016-09-30 6,256 1,445 308
2016-06-30 5,599 1,356 -15
2016-03-31 4,686 1,087 -269

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Transportadora de Gas del Sur's earnings are expected to grow significantly at over 20% yearly.
  • Transportadora de Gas del Sur's revenue is expected to grow by 18.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:T2K1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Transportadora de Gas del Sur Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:T2K1 Future Estimates Data
Date (Data in ARS Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 27.76 27.76 27.76 1.00
2019-12-31 19.55 19.55 19.55 1.00
BST:T2K1 Past Financials Data
Date (Data in ARS Millions) EPS *
2018-12-31 14.48
2018-09-30 5.80
2018-06-30 5.45
2018-03-31 4.86
2017-12-31 7.24
2017-09-30 2.87
2017-06-30 2.41
2017-03-31 2.07
2016-12-31 1.17
2016-09-30 0.39
2016-06-30 -0.02
2016-03-31 -0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Transportadora de Gas del Sur is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Transportadora de Gas del Sur's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Transportadora de Gas del Sur has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

T2K1 Past Performance

  How has Transportadora de Gas del Sur performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Transportadora de Gas del Sur's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Transportadora de Gas del Sur has delivered over 20% year on year earnings growth in the past 5 years.
  • Transportadora de Gas del Sur's 1-year earnings growth exceeds its 5-year average (98.5% vs 77.8%)
  • Transportadora de Gas del Sur's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (98.5% vs 24.4%).
Earnings and Revenue History
Transportadora de Gas del Sur's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Transportadora de Gas del Sur Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:T2K1 Past Revenue, Cash Flow and Net Income Data
Date (Data in ARS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 34,062.67 11,415.83 1,474.49
2018-09-30 23,557.47 4,593.92 404.76
2018-06-30 18,515.40 4,327.66 401.88
2018-03-31 14,638.78 3,863.34 465.29
2017-12-31 19,953.27 5,751.19 839.75
2017-09-30 10,635.67 2,280.56 574.70
2017-06-30 9,557.17 1,913.69 486.17
2017-03-31 8,531.71 1,647.58 427.78
2016-12-31 7,402.17 930.68 396.51
2016-09-30 6,255.61 307.71 306.04
2016-06-30 5,599.40 -14.69 254.18
2016-03-31 4,686.44 -269.34 189.33
2015-12-31 4,226.57 -172.11 209.47
2015-09-30 3,980.13 15.99 467.18
2015-06-30 4,050.65 227.66 536.41
2015-03-31 4,029.66 227.77 568.52
2014-12-31 4,303.97 104.98 162.62
2014-09-30 4,178.67 136.50 711.23
2014-06-30 3,765.55 51.59 640.80
2014-03-31 3,279.39 -84.19 574.99
2013-12-31 2,864.99 107.50 502.26
2013-09-30 2,725.21 150.16 158.48
2013-06-30 2,694.49 227.40 163.47
2013-03-31 2,755.67 268.30 173.83
2012-12-31 2,574.97 232.75 112.05
2012-09-30 2,307.37 210.54 445.46
2012-06-30 2,138.72 195.23 403.49
2012-03-31 1,967.46 220.26 388.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Transportadora de Gas del Sur has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Transportadora de Gas del Sur used its assets more efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Transportadora de Gas del Sur has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Transportadora de Gas del Sur's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Transportadora de Gas del Sur has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

T2K1 Health

 How is Transportadora de Gas del Sur's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Transportadora de Gas del Sur's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Transportadora de Gas del Sur is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Transportadora de Gas del Sur's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Transportadora de Gas del Sur's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Transportadora de Gas del Sur Company Filings, last reported 2 months ago.

BST:T2K1 Past Debt and Equity Data
Date (Data in ARS Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 30,945.31 20,597.05 16,650.54
2018-09-30 4,364.62 22,965.05 16,575.80
2018-06-30 7,633.20 15,787.71 14,684.68
2018-03-31 7,054.53 4,936.79 6,358.87
2017-12-31 25,279.59 6,642.62 6,376.02
2017-09-30 4,344.93 4,269.87 3,227.60
2017-06-30 3,826.83 4,038.81 2,913.53
2017-03-31 3,191.19 3,808.88 2,575.23
2016-12-31 2,526.38 3,917.00 1,625.50
2016-09-30 2,064.37 4,309.62 1,383.44
2016-06-30 1,913.14 3,375.42 1,226.15
2016-03-31 1,543.61 3,844.04 1,315.12
2015-12-31 1,695.43 3,335.19 908.03
2015-09-30 1,856.40 2,465.27 742.19
2015-06-30 2,027.56 2,328.96 580.52
2015-03-31 1,912.68 2,596.22 775.90
2014-12-31 1,867.54 2,465.69 934.75
2014-09-30 2,100.93 2,488.33 922.72
2014-06-30 2,060.42 2,350.39 934.44
2014-03-31 1,945.44 3,100.39 1,641.89
2013-12-31 2,023.08 2,507.23 1,145.55
2013-09-30 1,964.43 2,248.52 820.47
2013-06-30 2,008.83 2,055.12 715.35
2013-03-31 2,029.62 1,992.37 956.44
2012-12-31 2,033.87 1,873.59 693.04
2012-09-30 2,089.17 1,828.71 776.78
2012-06-30 2,054.06 1,709.88 680.65
2012-03-31 2,032.93 1,686.22 607.61
  • Transportadora de Gas del Sur's level of debt (66.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (124.3% vs 66.6% today).
  • Debt is well covered by operating cash flow (62.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 44x coverage).
X
Financial health checks
We assess Transportadora de Gas del Sur's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Transportadora de Gas del Sur has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

T2K1 Dividends

 What is Transportadora de Gas del Sur's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Transportadora de Gas del Sur dividends. Estimated to be 0.65% next year.
If you bought €2,000 of Transportadora de Gas del Sur shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Transportadora de Gas del Sur's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Transportadora de Gas del Sur's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:T2K1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:T2K1 Future Dividends Estimate Data
Date (Data in ARS) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.96 1.00
2019-12-31 0.56 1.00
BST:T2K1 Past Annualized Dividends Data
Date (Data in ARS) Dividend per share (annual) Avg. Yield (%)
2017-11-09 0.000 0.000
2017-11-07 0.000 0.000
2017-08-09 0.000 0.000
2017-08-07 0.000 0.000
2017-05-12 0.000 0.000
2017-05-10 0.000 0.000
2017-04-25 0.000 0.000
2017-03-09 0.000 0.000
2017-03-07 0.000 0.000
2016-11-07 0.000 0.000
2016-07-27 0.000 0.000
2016-07-25 0.000 0.000
2016-05-06 0.000 0.000
2016-02-26 0.125 0.676
2016-01-14 0.126 0.751
2014-11-28 0.328 2.917
2013-01-29 0.189 5.024
2012-12-06 0.338 13.714
2011-06-21 1.228 47.299
2011-03-16 1.228 32.478
2011-02-10 1.228 28.420
2010-02-08 0.038 1.292
2009-03-23 0.040 2.179

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Transportadora de Gas del Sur has not reported any payouts.
  • Unable to verify if Transportadora de Gas del Sur's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Transportadora de Gas del Sur's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Transportadora de Gas del Sur has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Transportadora de Gas del Sur's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Transportadora de Gas del Sur's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Transportadora de Gas del Sur afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Transportadora de Gas del Sur has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

T2K1 Management

 What is the CEO of Transportadora de Gas del Sur's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jorge Javier Gremes Cordero
AGE 56
TENURE AS CEO 6.3 years
CEO Bio

Mr. Jorge Javier Gremes Cordero has been the Chief Executive Officer of Transportadora De Gas Del Sur S.A. since November 16, 2012 and serves as its General Director. Mr. Javier Gremes Cordero served as Country Manager for a subsidiary of Petrobras Argentina S.A. in Ecuador. He graduated from university dad Cat lica Argentina as Certified Public Accountant. He received a Public Accounting degree from the university dad Catalica Argentina, a Master's in Science from the university de Management, Switzerland and an MBA from the university dad Francisco de Vitoria, Spain.

CEO Compensation
  • Insufficient data for Jorge to compare compensation growth.
  • Insufficient data for Jorge to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Transportadora de Gas del Sur management team in years:

2.4
Average Tenure
57
Average Age
  • The tenure for the Transportadora de Gas del Sur management team is about average.
Management Team

Jorge Javier Gremes Cordero

TITLE
CEO & General Director
AGE
56
TENURE
6.3 yrs

Alejandro Basso

TITLE
CFO & VP of Administration
AGE
57
TENURE
2.4 yrs

Oscar Sardi

TITLE
Director of Operations
AGE
63
TENURE
2.4 yrs

Leandro Castaño

TITLE
Finance & IR Manager

Hernán Diego Gomez

TITLE
Director of Legal Affairs
AGE
52
TENURE
1.4 yrs

Carlos Sidero

TITLE
Director of Human Resources
AGE
62
TENURE
6 yrs
Board of Directors Tenure

Average tenure and age of the Transportadora de Gas del Sur board of directors in years:

2.7
Average Tenure
56
Average Age
  • The average tenure for the Transportadora de Gas del Sur board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gustavo Mariani

TITLE
Chairman
AGE
48
TENURE
2.7 yrs

Luis Fallo

TITLE
Vice Chairman of the Board
AGE
58
TENURE
2.7 yrs

Carlos Olivieri

TITLE
Independent Director
AGE
68
TENURE
9.2 yrs

Mariano Batistella

TITLE
Director
AGE
36
TENURE
2.7 yrs

Mauricio Edgardo Szmulewiez

TITLE
Independent Director
AGE
58
TENURE
2.9 yrs

Sergio Benito Patrón Costas

TITLE
Independent Director
AGE
43
TENURE
2.9 yrs

Gregorio Werthein

TITLE
Director
AGE
35
TENURE
2.7 yrs

Carlos Di Brico

TITLE
Independent Director
AGE
66
TENURE
1.8 yrs

Luis Secco

TITLE
Independent Director
AGE
55
TENURE
1.8 yrs

José María Zuliani

TITLE
Statutory Auditor
AGE
57
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Transportadora de Gas del Sur's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Transportadora de Gas del Sur has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

T2K1 News

Simply Wall St News

T2K1 Company Info

Description

Transportadora de Gas del Sur S.A. provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers. As of December 31, 2017, it served 6.1 million residential, commercial, industrial, and electric power generation end-users. It also provides operation and maintenance services for the natural gas transportation facilities. The Liquids Production and Commercialization segment produces and commercializes natural gas liquids, such as ethane, LPG, natural gasoline, propane, and butane in Argentina and internationally. The Other Services segment offers midstream services, including natural gas treatment, separation, and removal of impurities from the natural gas stream, as well as natural gas compression. It also provides services related to pipeline and compression plant construction, operation, and maintenance; and generates steam for electricity production. The Telecommunications segment provides telecommunication services for telecommunication operators and corporate customers. Its telecommunication network includes a microwave digital network with synchronous digital hierarchy technology and a dark fiber optic network. The company was founded in 1992 and is headquartered in Buenos Aires, Argentina. Transportadora de Gas del Sur S.A. is a subsidiary of Compañía de Inversiones de Energía S.A.

Details
Name: Transportadora de Gas del Sur S.A.
T2K1
Exchange: BST
Founded: 1992
ARS1,970,629,555
780,894,503
Website: http://www.tgs.com.ar
Address: Transportadora de Gas del Sur S.A.
Don Bosco 3672,
5th Floor,
Buenos Aires,
Capital Federal, C1206ABF,
Argentina
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BASE TGSU2 Class B Common Shares Buenos Aires Stock Exchange AR ARS 25. May 1994
NYSE TGS SPONS ADR-EACH REPR 5 CLASS'B'ARS1 New York Stock Exchange US USD 17. Nov 1994
BST T2K1 SPONS ADR-EACH REPR 5 CLASS'B'ARS1 Boerse-Stuttgart DE EUR 17. Nov 1994
BMV TGS N SPONS ADR-EACH REPR 5 CLASS'B'ARS1 Bolsa Mexicana de Valores MX MXN 17. Nov 1994
Number of employees
Current staff
Staff numbers
0
Transportadora de Gas del Sur employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 21:06
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/03/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.