Executive Summary
Tesgas S.A. designs, constructs, and operates various gas facilities in Poland.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has Tesgas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TSG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
5.8%
TSG
0.8%
PL Gas Utilities
-0.2%
PL Market
1 Year Return
82.1%
TSG
8.6%
PL Gas Utilities
-7.2%
PL Market
Return vs Industry: TSG exceeded the Polish Gas Utilities industry which returned 8.3% over the past year.
Return vs Market: TSG exceeded the Polish Market which returned -7.1% over the past year.
Shareholder returns
| TSG | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.8% | 0.8% | -0.2% |
| 30 Day | -6.8% | 4.3% | -2.1% |
| 90 Day | 68.7% | 6.2% | 0.1% |
| 1 Year | 82.1%82.1% | 13.7%8.6% | -4.5%-7.2% |
| 3 Year | 78.0%78.0% | 51.7%31.3% | -6.7%-13.3% |
| 5 Year | 45.9%37.5% | 56.3%16.8% | 2.2%-10.7% |
Price Volatility Vs. Market
How volatile is Tesgas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Did Tesgas's (WSE:TSG) Share Price Deserve to Gain 77%?1 month ago | Simply Wall St
What Is Tesgas's (WSE:TSG) P/E Ratio After Its Share Price Rocketed?2 months ago | Simply Wall St
Why You Should Care About Tesgas S.A.’s (WSE:TSG) Low Return On CapitalValuation
Is Tesgas 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: TSG (PLN5.5) is trading below our estimate of fair value (PLN13)
Significantly Below Fair Value: TSG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TSG is good value based on its PE Ratio (17x) compared to the Gas Utilities industry average (17.5x).
PE vs Market: TSG is poor value based on its PE Ratio (17x) compared to the Polish market (12.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TSG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TSG is good value based on its PB Ratio (0.9x) compared to the XE Gas Utilities industry average (1.3x).
Next Steps
Future Growth
How is Tesgas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
3.0%
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 Tesgas 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.
Next Steps
- Examine whether Tesgas is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Tesgas competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
Past Performance
How has Tesgas performed over the past 5 years?
-13.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TSG has high quality earnings.
Growing Profit Margin: TSG's current net profit margins (3.2%) are higher than last year (1.9%).
Past Earnings Growth Analysis
Earnings Trend: TSG has become profitable over the past 5 years, growing earnings by -13% per year.
Accelerating Growth: TSG's earnings growth over the past year (151.1%) exceeds its 5-year average (-13% per year).
Earnings vs Industry: TSG earnings growth over the past year (151.1%) exceeded the Gas Utilities industry 10.6%.
Return on Equity
High ROE: TSG's Return on Equity (5.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Tesgas's financial position?
Financial Position Analysis
Short Term Liabilities: TSG's short term assets (PLN46.9M) exceed its short term liabilities (PLN22.7M).
Long Term Liabilities: TSG's short term assets (PLN46.9M) exceed its long term liabilities (PLN8.8M).
Debt to Equity History and Analysis
Debt Level: TSG's debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: TSG's debt to equity ratio has reduced from 7.5% to 0.5% over the past 5 years.
Balance Sheet
Inventory Level: TSG has a high level of physical assets or inventory.
Debt Coverage by Assets: TSG's debt is covered by short term assets (assets are 140.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TSG is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: TSG is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Tesgas's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TSG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TSG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TSG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TSG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TSG is not paying a notable dividend for the Polish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TSG's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
zł269k
CEO Compensation
CEO
Wlodzimierz Kocik 0
zł268,800
Compensation
Mr. Wlodzimierz Kocik has been the President of Management Board at TESGAS S.A. since 2004. Mr. Kocik has had over 16 years of experience in the gas sector. Since 1994 he has been working in the Piecobioga ...
CEO Compensation Analysis
Compensation vs Market: Wlodzimierz's total compensation ($USD0.00) is below average for companies of similar size in the Polish market ($USD156.52K).
Compensation vs Earnings: Wlodzimierz's compensation has been consistent with company performance over the past year.
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
Tesgas S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tesgas S.A.
- Ticker: TSG
- Exchange: WSE
- Founded: 2000
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: zł61.858m
- Shares outstanding: 11.35m
- Website: https://www.tesgas.pl
Location
- Tesgas S.A.
- 9 Batorowska Street
- Dabrowa
- Dopiewo
- 62-070
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TSG | WSE (Warsaw Stock Exchange) | Yes | Common Bearer Shares | PL | PLN | Sep 2009 |
| 0P1S | LSE (London Stock Exchange) | Yes | Common Bearer Shares | GB | PLN | Sep 2009 |
Biography
Tesgas S.A. designs, constructs, and operates various gas facilities in Poland. The company engages in the investment and development activities related to the transmission and distribution of natural gas. It is also involved in the construction and renovation of gas networks of high, medium, and low pressures; stations and gas boilers; and facilities connected with the extraction of natural gas and petroleum. In addition, the company engages in the construction of LNG, LPG, and CNG gas stations, as well as micro generation systems; and manufacture of pressure vessels. Further, it operates medium and high pressure gas stations and pipelines; and other gas facilities, including LNG installations, gas boilers, industrial gas installations, etc., as well as provides services for gas facilities. Additionally, the company engages in the distribution of natural gas odorant–tetrahydrogen thiophene (THT), a colorless agent that is added to odorless natural gas to become noticeable; delivery of THT odorizing and filling installation activities; adapting odorization installations for the hermetic filling with THT agent; liquidation of small THT leaks from installations, tanks, etc.; and installation of oil and gas mines. It also designs and constructs steel casings of gas stations and power generator units, flange connection elements, and other devices for gas engineering. The company serves owners of gas transmission networks; reduction and metering station construction customers; building consortiums; and gas mines, gas warehouses, or LNG terminals construction contractors. Tesgas S.A. was founded in 2000 and is headquartered in Dopiewo, Poland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 21:53 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.