ONE Gas
Market Cap
US$4.4b
Last Updated
2020/11/27 00:16 UTC
Data Sources
Company Financials +
Executive Summary
ONE Gas, Inc. operates as a regulated natural gas distribution utility company in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Acceptable track record second-rate dividend payer.
Similar Companies
Share Price & News
How has ONE Gas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OGS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: OGS's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
7.7%
OGS
4.3%
US Gas Utilities
2.1%
US Market
1 Year Return
-8.6%
OGS
-11.4%
US Gas Utilities
19.8%
US Market
Return vs Industry: OGS exceeded the US Gas Utilities industry which returned -11.4% over the past year.
Return vs Market: OGS underperformed the US Market which returned 19.7% over the past year.
Shareholder returns
| OGS | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.7% | 4.3% | 2.1% |
| 30 Day | 13.3% | 7.6% | 8.1% |
| 90 Day | 10.4% | 6.9% | 6.0% |
| 1 Year | -6.1%-8.6% | -8.4%-11.4% | 22.5%19.8% |
| 3 Year | 11.6%3.6% | -4.8%-12.9% | 46.5%36.8% |
| 5 Year | 94.2%72.0% | 49.3%28.3% | 96.9%75.3% |
Long-Term Price Volatility Vs. Market
How volatile is ONE Gas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
16 hours ago | Simply Wall St
How Much Does ONE Gas' (NYSE:OGS) CEO Make?1 week ago | Simply Wall St
ONE Gas, Inc. (NYSE:OGS) Insiders Increased Their Holdings3 weeks ago | Simply Wall St
ONE Gas, Inc. Just Beat EPS By 12%: Here's What Analysts Think Will Happen NextValuation
Is ONE Gas undervalued compared to its fair value and its price relative to the market?
23.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OGS ($82.13) is trading above our estimate of fair value ($49.22)
Significantly Below Fair Value: OGS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OGS is poor value based on its PE Ratio (23x) compared to the US Gas Utilities industry average (18.9x).
PE vs Market: OGS is poor value based on its PE Ratio (23x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: OGS is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: OGS is overvalued based on its PB Ratio (2x) compared to the US Gas Utilities industry average (1.9x).
Next Steps
Future Growth
How is ONE Gas forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
8.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OGS's forecast earnings growth (8% per year) is above the savings rate (2.2%).
Earnings vs Market: OGS's earnings (8% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: OGS's earnings are forecast to grow, but not significantly.
Revenue vs Market: OGS's revenue (5.5% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: OGS's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OGS's Return on Equity is forecast to be low in 3 years time (9.1%).
Next Steps
Past Performance
How has ONE Gas performed over the past 5 years?
9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OGS has high quality earnings.
Growing Profit Margin: OGS's current net profit margins (12.6%) are higher than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: OGS's earnings have grown by 9.2% per year over the past 5 years.
Accelerating Growth: OGS's earnings growth over the past year (4.9%) is below its 5-year average (9.2% per year).
Earnings vs Industry: OGS earnings growth over the past year (4.9%) underperformed the Gas Utilities industry 17.6%.
Return on Equity
High ROE: OGS's Return on Equity (8.6%) is considered low.
Next Steps
Financial Health
How is ONE Gas's financial position?
Financial Position Analysis
Short Term Liabilities: OGS's short term assets ($369.7M) do not cover its short term liabilities ($575.7M).
Long Term Liabilities: OGS's short term assets ($369.7M) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: OGS's debt to equity ratio (84.3%) is considered high.
Reducing Debt: OGS's debt to equity ratio has increased from 66.3% to 84.3% over the past 5 years.
Debt Coverage: OGS's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: OGS's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
Next Steps
Dividend
What is ONE Gas's current dividend yield, its reliability and sustainability?
2.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OGS's dividend (2.63%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: OGS's dividend (2.63%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, OGS has been paying a dividend for less than 10 years.
Growing Dividend: OGS's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59.4%), OGS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OGS's dividends in 3 years are forecast to be covered by earnings (60% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Pierce Norton (60 yo)
6.83yrs
Tenure
US$5,627,449
Compensation
Mr. Pierce H. Norton, II has been the Chief Executive Officer and President of ONE Gas, Inc. since January 31, 2014. Mr. Norton served as the Chief Operating Officer and Executive Vice President of TransCa...
CEO Compensation Analysis
Compensation vs Market: Pierce's total compensation ($USD5.63M) is about average for companies of similar size in the US market ($USD5.15M).
Compensation vs Earnings: Pierce's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.83yrs | US$5.63m | 0.46% $ 19.9m | |
| Senior VP | 1.67yrs | US$1.92m | 0.25% $ 10.7m | |
| Senior VP & COO | 5.67yrs | US$1.25m | 0.037% $ 1.6m | |
| Senior VP | 6.83yrs | US$1.37m | 0.11% $ 5.0m | |
| Senior VP & Chief Commercial Officer | 1.67yrs | US$2.31m | 0.25% $ 10.8m | |
| VP, Chief Accounting Officer & Controller | 2.33yrs | no data | 0.010% $ 434.3k | |
| Senior VP of Administration & Chief Information Officer | 6.58yrs | no data | 0.032% $ 1.4m | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Communications | 2.75yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data |
4.2yrs
Average Tenure
55.5yo
Average Age
Experienced Management: OGS's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.83yrs | US$5.63m | 0.46% $ 19.9m | |
| Independent Director | 6.83yrs | US$215.00k | 0.00094% $ 41.0k | |
| Lead Independent Director | no data | US$225.00k | 0.018% $ 769.3k | |
| Independent Director | 6.83yrs | US$197.50k | 0.042% $ 1.8m | |
| Non-Executive Chairman of the Board | 6.83yrs | US$298.62k | 0.51% $ 22.4m | |
| Independent Director | 6.83yrs | US$195.00k | 0.023% $ 1.0m | |
| Independent Director | 2.33yrs | US$197.50k | 0.0086% $ 373.3k | |
| Independent Director | 6.83yrs | US$210.00k | 0.023% $ 984.2k |
6.8yrs
Average Tenure
64yo
Average Age
Experienced Board: OGS's board of directors are considered experienced (6.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OGS insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ONE Gas, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: ONE Gas, Inc.
- Ticker: OGS
- Exchange: NYSE
- Founded: 1906
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: US$4.361b
- Shares outstanding: 53.10m
- Website: https://www.onegas.com
Number of Employees
Location
- ONE Gas, Inc.
- 15 East Fifth Street
- Tulsa
- Oklahoma
- 74103
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OGS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 2014 |
| OG9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2014 |
Biography
ONE Gas, Inc. operates as a regulated natural gas distribution utility company in the United States. The company operates in three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 00:16 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.