Qatar Gas Transport Company Limited (Nakilat) (QPSC)

DSM:QGTS Stock Report

Market Cap: ر.ق23.9b

Qatar Gas Transport Company Limited (Nakilat) (QPSC) Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: QGTS (QAR4.32) is trading above our estimate of fair value (QAR1.28)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

QGTS 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/Revenue11.3x
Enterprise Value/EBITDA15.1x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for QGTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21x
QFLS Qatar Fuel Company Q.P.S.C. (WOQOD)
14.6xn/aر.ق15.0b
GISS Gulf International Services Q.P.S.C
11.8x15.1%ر.ق5.8b
ENLC EnLink Midstream
46x39.1%US$6.8b
VPK Koninklijke Vopak
11.5x2.1%€5.1b
QGTS Qatar Gas Transport Company Limited (Nakilat) (QPSC)
14.8x9.6%ر.ق23.9b

Price-To-Earnings vs Peers: QGTS is good value based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (21.1x).


Price to Earnings Ratio vs Industry

How does QGTS's PE Ratio compare vs other companies in the Asian Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: QGTS is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the Asian Oil and Gas industry average (10.6x).


Price to Earnings Ratio vs Fair Ratio

What is QGTS'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.

QGTS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.8x
Fair PE Ratio13.6x

Price-To-Earnings vs Fair Ratio: QGTS is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.6x).


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 QGTS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.ق4.32
ر.ق5.18
+19.8%
7.8%ر.ق5.60ر.ق4.55n/a6
Oct ’25ر.ق4.33
ر.ق5.18
+19.5%
7.8%ر.ق5.60ر.ق4.55n/a6
Sep ’25ر.ق4.50
ر.ق5.18
+15.0%
7.8%ر.ق5.60ر.ق4.55n/a6
Aug ’25ر.ق4.49
ر.ق5.08
+13.1%
11.4%ر.ق5.60ر.ق3.96n/a6
Jul ’25ر.ق4.62
ر.ق5.08
+9.9%
11.4%ر.ق5.60ر.ق3.96n/a6
Jun ’25ر.ق3.96
ر.ق5.08
+28.1%
11.4%ر.ق5.60ر.ق3.96n/a6
May ’25ر.ق3.96
ر.ق4.66
+17.6%
11.3%ر.ق5.10ر.ق3.65n/a6
Apr ’25ر.ق3.95
ر.ق4.66
+18.0%
11.3%ر.ق5.10ر.ق3.65n/a6
Mar ’25ر.ق4.00
ر.ق4.66
+16.5%
11.3%ر.ق5.10ر.ق3.65n/a6
Feb ’25ر.ق3.43
ر.ق4.39
+27.9%
7.0%ر.ق4.80ر.ق4.02n/a6
Jan ’25ر.ق3.52
ر.ق4.33
+23.0%
8.1%ر.ق4.82ر.ق3.83n/a5
Dec ’24ر.ق3.24
ر.ق4.33
+33.6%
8.1%ر.ق4.82ر.ق3.83n/a5
Nov ’24ر.ق3.49
ر.ق4.33
+23.9%
8.1%ر.ق4.82ر.ق3.83n/a5
Oct ’24ر.ق3.73
ر.ق4.60
+23.5%
10.1%ر.ق5.50ر.ق4.10ر.ق4.336
Sep ’24ر.ق3.71
ر.ق4.60
+24.1%
10.1%ر.ق5.50ر.ق4.10ر.ق4.506
Aug ’24ر.ق4.17
ر.ق4.46
+6.8%
12.5%ر.ق5.50ر.ق3.69ر.ق4.496
Jul ’24ر.ق4.07
ر.ق4.45
+9.3%
12.5%ر.ق5.50ر.ق3.69ر.ق4.626
Jun ’24ر.ق3.99
ر.ق4.36
+9.2%
13.0%ر.ق5.50ر.ق3.69ر.ق3.966
May ’24ر.ق3.90
ر.ق4.36
+11.8%
13.0%ر.ق5.50ر.ق3.69ر.ق3.966
Apr ’24ر.ق3.46
ر.ق4.13
+19.5%
7.2%ر.ق4.55ر.ق3.65ر.ق3.955
Mar ’24ر.ق3.66
ر.ق4.13
+12.9%
7.2%ر.ق4.55ر.ق3.65ر.ق4.005
Feb ’24ر.ق3.79
ر.ق4.06
+7.0%
8.9%ر.ق4.55ر.ق3.43ر.ق3.435
Jan ’24ر.ق3.66
ر.ق4.06
+10.8%
8.9%ر.ق4.55ر.ق3.43ر.ق3.525
Dec ’23ر.ق3.90
ر.ق4.05
+3.8%
8.6%ر.ق4.50ر.ق3.43ر.ق3.245
Nov ’23ر.ق4.10
ر.ق4.05
-1.3%
9.6%ر.ق4.50ر.ق3.43ر.ق3.494
Oct ’23ر.ق4.10
ر.ق4.03
-1.8%
8.7%ر.ق4.40ر.ق3.45ر.ق3.734

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


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