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TGN

S.N.T.G.N. Transgaz BVB:TGN Stock Report

Last Price

RON239.00

Market Cap

RON2.8b

7D

0.2%

1Y

-12.0%

Updated

06 Aug, 2022

Data

Company Financials +
TGN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends2/6

TGN Stock Overview

S.N.T.G.N. Transgaz S.A. engages in the transmission of natural gas in Romania and internationally.

S.N.T.G.N. Transgaz Competitors

Price History & Performance

Summary of all time highs, changes and price drops for S.N.T.G.N. Transgaz
Historical stock prices
Current Share PriceRON239.00
52 Week HighRON274.00
52 Week LowRON180.00
Beta0.53
1 Month Change1.70%
3 Month Change1.70%
1 Year Change-11.97%
3 Year Change-33.98%
5 Year Change-38.56%
Change since IPO-12.93%

Recent News & Updates

Apr 16
S.N.T.G.N. Transgaz (BVB:TGN) Use Of Debt Could Be Considered Risky

S.N.T.G.N. Transgaz (BVB:TGN) Use Of Debt Could Be Considered Risky

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

TGNRO Oil and GasRO Market
7D0.2%-1.2%0.4%
1Y-12.0%32.5%9.5%

Return vs Industry: TGN underperformed the RO Oil and Gas industry which returned 32.5% over the past year.

Return vs Market: TGN underperformed the RO Market which returned 9.5% over the past year.

Price Volatility

Is TGN's price volatile compared to industry and market?
TGN volatility
TGN Average Weekly Movement2.6%
Oil and Gas Industry Average Movement3.9%
Market Average Movement3.8%
10% most volatile stocks in RO Market6.6%
10% least volatile stocks in RO Market2.7%

Stable Share Price: TGN is less volatile than 75% of RO stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TGN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20004,062Ion Sterianhttps://www.transgaz.ro

S.N.T.G.N. Transgaz S.A. engages in the transmission of natural gas in Romania and internationally. It also maintains and operates national natural gas transmission system; and carries out research and design activities in the area of natural gas transmission. The company was founded in 2000 and is headquartered in Medias, Romania.

S.N.T.G.N. Transgaz Fundamentals Summary

How do S.N.T.G.N. Transgaz's earnings and revenue compare to its market cap?
TGN fundamental statistics
Market CapRON2.81b
Earnings (TTM)RON284.47m
Revenue (TTM)RON2.60b

9.9x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TGN income statement (TTM)
RevenueRON2.60b
Cost of RevenueRON1.42b
Gross ProfitRON1.18b
Other ExpensesRON898.17m
EarningsRON284.47m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)24.16
Gross Margin45.48%
Net Profit Margin10.94%
Debt/Equity Ratio42.0%

How did TGN perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

65%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TGN 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/Revenue1.7x
Enterprise Value/EBITDA8.2x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

TGN PE Ratio vs Peers
The above table shows the PE ratio for TGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.5x
COTE Societatea Conpet
9.5x-0.8%RON583.5m
OIL Oil Terminal
8.6xn/aRON94.4m
SNG SNGN Romgaz
7.3x6.3%RON17.8b
SGP Siamgas and Petrochemicals
6xn/a฿21.0b
TGN S.N.T.G.N. Transgaz
9.9x15.5%RON2.8b

Price-To-Earnings vs Peers: TGN is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (7.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TGN is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the RO Oil and Gas industry average (8.6x)


Price to Earnings Ratio vs Fair Ratio

What is TGN'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.

TGN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: TGN is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).


Share Price vs Fair Value

What is the Fair Price of TGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TGN (RON239) is trading below our estimate of fair value (RON759.06)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is S.N.T.G.N. Transgaz forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGN's forecast earnings growth (15.5% per year) is above the savings rate (1.1%).

Earnings vs Market: TGN's earnings (15.5% per year) are forecast to grow faster than the RO market (8.5% per year).

High Growth Earnings: TGN's earnings are forecast to grow, but not significantly.

Revenue vs Market: TGN's revenue (0.6% per year) is forecast to grow slower than the RO market (4.2% per year).

High Growth Revenue: TGN's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TGN's Return on Equity is forecast to be low in 3 years time (6.5%).


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Past Performance

How has S.N.T.G.N. Transgaz performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-30.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TGN has high quality earnings.

Growing Profit Margin: TGN's current net profit margins (10.9%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: TGN's earnings have declined by 30.4% per year over the past 5 years.

Accelerating Growth: TGN's earnings growth over the past year (138.9%) exceeds its 5-year average (-30.4% per year).

Earnings vs Industry: TGN earnings growth over the past year (138.9%) exceeded the Oil and Gas industry 113.3%.


Return on Equity

High ROE: TGN's Return on Equity (6.7%) is considered low.


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Financial Health

How is S.N.T.G.N. Transgaz's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TGN's short term assets (RON1.2B) exceed its short term liabilities (RON846.4M).

Long Term Liabilities: TGN's short term assets (RON1.2B) do not cover its long term liabilities (RON2.8B).


Debt to Equity History and Analysis

Debt Level: TGN's net debt to equity ratio (36.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TGN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TGN's debt is well covered by operating cash flow (29%).

Interest Coverage: TGN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is S.N.T.G.N. Transgaz current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.53%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TGN's dividend (6.53%) is higher than the bottom 25% of dividend payers in the RO market (2.9%).

High Dividend: TGN's dividend (6.53%) is low compared to the top 25% of dividend payers in the RO market (7.13%).


Stability and Growth of Payments

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

Growing Dividend: TGN's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (64.6%), TGN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: TGN is paying a dividend but the company has no free cash flows.


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Management

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

1.2yrs

Average board tenure


CEO

Ion Sterian

no data

Tenure

Mr. Ion Sterian serves as General Director of S.N.T.G.N. Transgaz S.A. (formerly known as Societatea Nationala de Transport Gaze Naturale Transgaz S.A.). since May 17, 2017 and serves as its Executive Admi...


Board Members

Experienced Board: TGN's board of directors are not considered experienced ( 1.2 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

S.N.T.G.N. Transgaz S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: S.N.T.G.N. Transgaz S.A.
  • Ticker: TGN
  • Exchange: BVB
  • Founded: 2000
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: RON2.814b
  • Shares outstanding: 11.77m
  • Website: https://www.transgaz.ro

Number of Employees


Location

  • S.N.T.G.N. Transgaz S.A.
  • 1 C.I. Motas Square
  • Medias
  • 551130
  • Romania

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.