| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
PETGAS Overview
PETRONAS Gas Berhad operates as a gas infrastructure and utilities company in Malaysia.
PETRONAS Gas Berhad Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | RM17.10 |
| 52 Week High | RM15.24 |
| 52 Week Low | RM18.16 |
| Beta | 0.22 |
| 1 Month Change | 1.30% |
| 3 Month Change | 9.48% |
| 1 Year Change | 6.88% |
| 3 Year Change | -6.66% |
| 5 Year Change | -21.34% |
| Change since IPO | 96.55% |
Recent News & Updates
PETRONAS Gas Berhad (KLSE:PETGAS) Has More To Do To Multiply In Value Going Forward
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
PETRONAS Gas Berhad (KLSE:PETGAS) Has Announced That Its Dividend Will Be Reduced To RM0.16
PETRONAS Gas Berhad ( KLSE:PETGAS ) is reducing its dividend to RM0.16 on the 20th of September. However, the dividend...
We Think PETRONAS Gas Berhad (KLSE:PETGAS) Can Manage Its Debt With Ease
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Estimating The Intrinsic Value Of PETRONAS Gas Berhad (KLSE:PETGAS)
Today we will run through one way of estimating the intrinsic value of PETRONAS Gas Berhad ( KLSE:PETGAS ) by...
Shareholder Returns
| PETGAS | MY Gas Utilities | MY Market | |
|---|---|---|---|
| 7D | 1.8% | -2.6% | 1.7% |
| 1Y | 6.9% | 29.3% | 8.0% |
Return vs Industry: PETGAS underperformed the MY Gas Utilities industry which returned 29.3% over the past year.
Return vs Market: PETGAS underperformed the MY Market which returned 8% over the past year.
Price Volatility
| PETGAS volatility | |
|---|---|
| PETGAS Beta | 0.22 |
| Industry Beta | 0.68 |
| Market Beta | 1 |
Stable Share Price: PETGAS is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PETGAS's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1983 | 1,829 | Abdul Bin Othman | https://www.petronasgas.com |
PETRONAS Gas Berhad operates as a gas infrastructure and utilities company in Malaysia. The company engages in separating natural gas into components; and storing, transporting, distributing, and selling such components to industrial utilities. It operates through four segments: Gas Processing, Gas Transportation, Regasification, and Utilities.
PETRONAS Gas Berhad Fundamentals Summary
| PETGAS fundamental statistics | |
|---|---|
| Market Cap | RM33.84b |
| Earnings (TTM) | RM2.05b |
| Revenue (TTM) | RM5.52b |
16.5x
P/E Ratio6.1x
P/S RatioIs PETGAS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PETGAS income statement (TTM) | |
|---|---|
| Revenue | RM5.52b |
| Cost of Revenue | RM2.84b |
| Gross Profit | RM2.68b |
| Expenses | RM634.36m |
| Earnings | RM2.05b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 20, 2021
| Earnings per share (EPS) | 1.04 |
| Gross Margin | 48.63% |
| Net Profit Margin | 37.13% |
| Debt/Equity Ratio | 15.0% |
How did PETGAS perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield70%
Payout RatioValuation
Is PETRONAS Gas Berhad undervalued compared to its fair value and its price relative to the market?
20.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PETGAS (MYR17.1) is trading below our estimate of fair value (MYR21.57)
Significantly Below Fair Value: PETGAS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PETGAS is good value based on its PE Ratio (16.5x) compared to the Asian Gas Utilities industry average (16.8x).
PE vs Market: PETGAS is poor value based on its PE Ratio (16.5x) compared to the MY market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: PETGAS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PETGAS is overvalued based on its PB Ratio (2.7x) compared to the XA Gas Utilities industry average (1.5x).
Future Growth
How is PETRONAS Gas Berhad forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
-1.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PETGAS's earnings are forecast to decline over the next 3 years (-1.7% per year).
Earnings vs Market: PETGAS's earnings are forecast to decline over the next 3 years (-1.7% per year).
High Growth Earnings: PETGAS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PETGAS's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: PETGAS's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PETGAS's Return on Equity is forecast to be low in 3 years time (14.6%).
Past Performance
How has PETRONAS Gas Berhad performed over the past 5 years?
3.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PETGAS has high quality earnings.
Growing Profit Margin: PETGAS's current net profit margins (37.1%) are higher than last year (33.3%).
Past Earnings Growth Analysis
Earnings Trend: PETGAS's earnings have grown by 3.8% per year over the past 5 years.
Accelerating Growth: PETGAS's earnings growth over the past year (11.9%) exceeds its 5-year average (3.8% per year).
Earnings vs Industry: PETGAS earnings growth over the past year (11.9%) underperformed the Gas Utilities industry 23.7%.
Return on Equity
High ROE: PETGAS's Return on Equity (16.6%) is considered low.
Financial Health
How is PETRONAS Gas Berhad's financial position?
Financial Position Analysis
Short Term Liabilities: PETGAS's short term assets (MYR4.3B) exceed its short term liabilities (MYR962.2M).
Long Term Liabilities: PETGAS's short term assets (MYR4.3B) do not cover its long term liabilities (MYR4.5B).
Debt to Equity History and Analysis
Debt Level: PETGAS's debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: PETGAS's debt to equity ratio has increased from 3.3% to 15% over the past 5 years.
Debt Coverage: PETGAS's debt is well covered by operating cash flow (162.6%).
Interest Coverage: PETGAS's interest payments on its debt are well covered by EBIT (14.3x coverage).
Balance Sheet
Dividend
What is PETRONAS Gas Berhad current dividend yield, its reliability and sustainability?
4.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PETGAS's dividend (4.5%) is higher than the bottom 25% of dividend payers in the MY market (1.53%).
High Dividend: PETGAS's dividend (4.5%) is in the top 25% of dividend payers in the MY market (4.16%)
Stability and Growth of Payments
Stable Dividend: PETGAS's dividend payments have been volatile in the past 10 years.
Growing Dividend: PETGAS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.5%), PETGAS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PETGAS's dividends in 3 years are forecast to be covered by earnings (79.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Abdul Bin Othman (55 yo)
0.75
Tenure
Mr. Abdul Aziz Bin Othman serves as Managing Director, Chief Executive Officer and Director at PETRONAS Gas Berhad since January 01, 2021. He was appointed as Chief Marketing Officer of PETRONAS LNG Limite...
Leadership Team
Experienced Management: PETGAS's management team is considered experienced (4.1 years average tenure).
Board Members
Experienced Board: PETGAS's board of directors are not considered experienced ( 1.3 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
PETRONAS Gas Berhad's employee growth, exchange listings and data sources
Key Information
- Name: PETRONAS Gas Berhad
- Ticker: PETGAS
- Exchange: KLSE
- Founded: 1983
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: RM33.836b
- Shares outstanding: 1.98b
- Website: https://www.petronasgas.com
Number of Employees
Location
- PETRONAS Gas Berhad
- Tower 1
- Level 49-50
- Kuala Lumpur
- Wilayah Persekutuan
- 50088
- Malaysia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/15 15:38 |
| End of Day Share Price | 2021/10/15 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.