PETRONAS Gas Berhad Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 PETGAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PETGAS (MYR18.02) is trading above our estimate of fair value (MYR17.03)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PETGAS 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/Revenue5.5x
Enterprise Value/EBITDA10.7x
PEG Ratio6.3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PETGAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.2x
GASMSIA Gas Malaysia Berhad
11.8x0.8%RM4.5b
YTL YTL Corporation Berhad
14.3x3.4%RM29.7b
YTLPOWR YTL Power International Berhad
9.9x-2.7%RM33.1b
TENAGA Tenaga Nasional Berhad
24.8x16.9%RM68.6b
PETGAS PETRONAS Gas Berhad
19.6x3.1%RM35.7b

Price-To-Earnings vs Peers: PETGAS is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (15.2x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a4.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: PETGAS is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the Asian Gas Utilities industry average (13.6x).


Price to Earnings Ratio vs Fair Ratio

What is PETGAS'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.

PETGAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.6x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: PETGAS is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the estimated Fair Price-To-Earnings Ratio (17x).


Analyst Price Targets

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

The above table shows the analyst PETGAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM18.02
RM18.35
+1.8%
6.8%RM20.60RM16.52n/a13
Apr ’25RM18.26
RM18.35
+0.5%
6.8%RM20.60RM16.52n/a13
Mar ’25RM17.82
RM18.26
+2.5%
6.8%RM20.60RM16.46n/a13
Feb ’25RM17.74
RM18.02
+1.6%
7.2%RM20.60RM15.98n/a13
Jan ’25RM17.40
RM18.02
+3.6%
7.2%RM20.60RM15.98n/a13
Dec ’24RM16.86
RM18.02
+6.9%
7.2%RM20.60RM15.98n/a13
Nov ’24RM17.08
RM17.93
+5.0%
7.1%RM20.60RM15.98n/a13
Oct ’24RM16.84
RM17.93
+6.5%
7.1%RM20.60RM15.98n/a13
Sep ’24RM17.26
RM17.93
+3.9%
7.1%RM20.60RM15.98n/a13
Aug ’24RM17.12
RM17.88
+4.4%
7.2%RM20.60RM15.98n/a13
Jul ’24RM16.70
RM17.88
+7.0%
7.2%RM20.60RM15.98n/a13
Jun ’24RM16.56
RM17.88
+7.9%
7.2%RM20.60RM15.98n/a13
May ’24RM16.90
RM17.94
+6.2%
7.0%RM20.60RM15.98n/a13
Apr ’24RM16.48
RM17.94
+8.9%
7.0%RM20.60RM15.98RM18.2613
Mar ’24RM16.54
RM17.85
+7.9%
7.1%RM20.60RM15.98RM17.8212
Feb ’24RM16.82
RM17.85
+6.1%
5.9%RM20.20RM16.40RM17.7411
Jan ’24RM17.12
RM17.75
+3.7%
5.9%RM20.20RM16.40RM17.4012
Dec ’23RM16.82
RM17.86
+6.2%
7.0%RM20.49RM16.40RM16.8612
Nov ’23RM16.98
RM17.86
+5.2%
6.5%RM20.20RM16.40RM17.0812
Oct ’23RM16.50
RM17.86
+8.2%
6.5%RM20.20RM16.40RM16.8412
Sep ’23RM17.16
RM17.86
+4.1%
6.5%RM20.20RM16.40RM17.2612
Aug ’23RM17.14
RM18.44
+7.6%
10.9%RM24.09RM16.70RM17.1212
Jul ’23RM16.50
RM18.44
+11.7%
10.9%RM24.09RM16.70RM16.7012
Jun ’23RM16.90
RM18.45
+9.2%
11.0%RM24.09RM16.70RM16.5612
May ’23RM16.98
RM18.52
+9.1%
10.9%RM24.10RM16.70RM16.9012
Apr ’23RM16.76
RM18.01
+7.5%
6.5%RM20.20RM16.70RM16.4811

Analyst Forecast: Target price is less than 20% higher than the current share price.


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