DB:PGB1

Stock Analysis Report

Perusahaan Gas Negara

Executive Summary

PT Perusahaan Gas Negara Tbk, together with its subsidiaries, engages in the transmission and distribution of natural gas to industrial, commercial, and household users in Indonesia, the United States, Taiwan, and Singapore.


Snowflake Analysis

Good value average dividend payer.


Similar Companies

Share Price & News

How has Perusahaan Gas Negara's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PGB1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.9%

PGB1

-1.7%

DE Gas Utilities

-0.6%

DE Market


1 Year Return

-81.1%

PGB1

-26.1%

DE Gas Utilities

-20.9%

DE Market

Return vs Industry: PGB1 underperformed the German Gas Utilities industry which returned -26.1% over the past year.

Return vs Market: PGB1 underperformed the German Market which returned -20.9% over the past year.


Shareholder returns

PGB1IndustryMarket
7 Day-1.9%-1.7%-0.6%
30 Day-74.5%-20.2%-18.6%
90 Day-79.8%-22.5%-26.2%
1 Year-80.6%-81.1%-22.3%-26.1%-18.6%-20.9%
3 Year-82.0%-83.4%0.8%-13.8%-19.0%-25.8%
5 Year-90.4%-91.7%7.4%-20.9%-21.2%-31.8%

Price Volatility Vs. Market

How volatile is Perusahaan Gas Negara's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Perusahaan Gas Negara undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PGB1 (€0.03) is trading below our estimate of fair value (€0.15)

Significantly Below Fair Value: PGB1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PGB1 is poor value based on its PE Ratio (17.5x) compared to the Gas Utilities industry average (12.3x).

PE vs Market: PGB1 is poor value based on its PE Ratio (17.5x) compared to the German market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: PGB1 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: PGB1 is good value based on its PB Ratio (0.5x) compared to the XE Gas Utilities industry average (1.1x).


Next Steps

Future Growth

How is Perusahaan Gas Negara forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

33.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGB1's forecast earnings growth (33.7% per year) is above the savings rate (-0.4%).

Earnings vs Market: PGB1's earnings (33.7% per year) are forecast to grow faster than the German market (14.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PGB1's revenue is expected to decline over the next 3 years (-2% per year).

High Growth Revenue: PGB1's revenue is forecast to decline over the next 3 years (-2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PGB1's Return on Equity is forecast to be low in 3 years time (6.3%).


Next Steps

Past Performance

How has Perusahaan Gas Negara performed over the past 5 years?

-25.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGB1 has high quality earnings.

Growing Profit Margin: PGB1's current net profit margins (1.8%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: PGB1's earnings have declined by -25.9% per year over the past 5 years.

Accelerating Growth: PGB1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PGB1 had negative earnings growth (-77.8%) over the past year, making it difficult to compare to the Gas Utilities industry average (-4.5%).


Return on Equity

High ROE: PGB1's Return on Equity (3.5%) is considered low.


Next Steps

Financial Health

How is Perusahaan Gas Negara's financial position?


Financial Position Analysis

Short Term Liabilities: PGB1's short term assets ($2.2B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: PGB1's short term assets ($2.2B) do not cover its long term liabilities ($3.0B).


Debt to Equity History and Analysis

Debt Level: PGB1's debt to equity ratio (85%) is considered high.

Reducing Debt: PGB1's debt to equity ratio has increased from 64.9% to 85% over the past 5 years.

Debt Coverage: PGB1's debt is well covered by operating cash flow (29.5%).

Interest Coverage: PGB1's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet

Inventory Level: PGB1 has a high level of physical assets or inventory.

Debt Coverage by Assets: PGB1's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

What is Perusahaan Gas Negara's current dividend yield, its reliability and sustainability?

7.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PGB1's dividend (7.04%) is higher than the bottom 25% of dividend payers in the German market (1.71%).

High Dividend: PGB1's dividend (7.04%) is in the top 25% of dividend payers in the German market (4.85%)


Stability and Growth of Payments

Stable Dividend: PGB1's dividend payments have been volatile in the past 10 years.

Growing Dividend: PGB1's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (141.8%), PGB1's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PGB1's dividends in 3 years are forecast to be well covered by earnings (33.2% payout ratio).


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Gigih Soewarto

1.67s

Tenure

Mr. Gigih Prakoso Soewarto has been Director of Investment Planning and Risk Management PT Pertamina (Persero) since 2017. Mr. Soewarto has been the President Director at PT Perusahaan Gas Negara (Persero) ...


Leadership Team

NamePositionTenureCompensationOwnership
Gigih Soewarto
President Director1.67yrsno datano data
Arie Kaban
Director of Finance & Director0.67yrno datano data
Chandra P. Simarmata
Director of Accountingno datano datano data
A. Fajar
Director of Corporate Financeno datano datano data
Redy Ferryanto
Director of Infrastructure & Technology & Director0.67yrno datano data
Nisi Setyobudi
Director Investor Relationsno datano datano data
R. Edwin
Director of Legalno datano datano data
Desy Anggia
Director of Corporate Communicationno datano datano data
Ahmad Cahyadi
Director of Marketingno datano datano data
Desima Siahaan
Director of General Affairs & HR and Director2.92yrsno datano data

1.2yrs

Average Tenure

Experienced Management: PGB1's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Gigih Soewarto
President Director1.67yrsno datano data
Arie Kaban
Director of Finance & Director0.67yrno datano data
Redy Ferryanto
Director of Infrastructure & Technology & Director0.67yrno datano data
Desima Siahaan
Director of General Affairs & HR and Director2.92yrsno datano data
Dilo Widagdo
Director of Commerce & Director4yrsno datano data
Mas'ud Khamid
Commissioner1yrno datano data
Paiman Rahardjo
Independent Commissioner5yrsno datano data
- Kiswodarmawan
Independent Commissioner4yrsno datano data
Arcandra Tahar
President Commissioners0.25yrno datano data
Luky Alfirman
Commissioner1.25yrsno datano data

1.5yrs

Average Tenure

52.5yo

Average Age

Experienced Board: PGB1's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

PT Perusahaan Gas Negara Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Perusahaan Gas Negara Tbk
  • Ticker: PGB1
  • Exchange: DB
  • Founded: 1859
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: Rp19.393t
  • Listing Market Cap: Rp1.093b
  • Shares outstanding: 24.24b
  • Website: https://www.pgn.co.id

Number of Employees


Location

  • PT Perusahaan Gas Negara Tbk
  • Jl. K.H. Zainul Arifin No. 20
  • Jakarta
  • 11140
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGASIDX (Indonesia Stock Exchange)YesSeries B SharesIDIDRDec 2003
PGB1DB (Deutsche Boerse AG)YesSeries B SharesDEEURDec 2003
PPAA.FOTCPK (Pink Sheets LLC)YesSeries B SharesUSUSDDec 2003
PPAA.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDFeb 2009

Biography

PT Perusahaan Gas Negara Tbk, together with its subsidiaries, engages in the transmission and distribution of natural gas to industrial, commercial, and household users in Indonesia, the United States, Taiwan, and Singapore. The company operates through four segments: Gas Distribution and Transmission, Exploration and Production of Oil and Gas, Other operations, and Pertagas and Subsidiaries. It is also involved in the liquefied natural gas processing activity; trading of oil and gas; and exploration, exploitation, and business development in oil and gas. In addition, the company provides fiber optic rental for network services; construction and maintenance services to the customers; management and leasing services for buildings and equipment; and engineering and consultancy services. The company was founded in 1859 and is headquartered in Jakarta, Indonesia. PT Perusahaan Gas Negara Tbk is a subsidiary of PT Pertamina (Persero). As of April 30, 2018, PT Perusahaan Gas Negara Tbk operates as a subsidiary of PT Pertamina (Persero). 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 23:06
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.