OTCPK:PPAA.F

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Executive Summary

PT Perusahaan Gas Negara Tbk, together with its subsidiaries, engages in the transmission and distribution of natural gas to industrial, commercial, and household users in Indonesia, the United States, Taiwan, and Singapore.


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Perusahaan Gas Negara's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PPAA.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

26.7%

PPAA.F

1.5%

US Gas Utilities

2.9%

US Market


1 Year Return

-54.2%

PPAA.F

-16.0%

US Gas Utilities

8.9%

US Market

Return vs Industry: PPAA.F underperformed the US Gas Utilities industry which returned -16% over the past year.

Return vs Market: PPAA.F underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

PPAA.FIndustryMarket
7 Day26.7%1.5%2.9%
30 Day10.7%6.7%10.6%
90 Dayn/a-4.1%5.1%
1 Year-54.2%-54.2%-13.6%-16.0%11.4%8.9%
3 Yearn/a1.9%-5.7%34.3%25.4%
5 Year-78.7%-78.7%50.8%32.2%60.7%42.7%

Price Volatility Vs. Market

How volatile is Perusahaan Gas Negara's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Perusahaan Gas Negara undervalued compared to its fair value and its price relative to the market?

48.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PPAA.F ($0.07) is trading below our estimate of fair value ($0.13)

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


Price To Earnings Ratio

PE vs Industry: PPAA.F is poor value based on its PE Ratio (32.6x) compared to the Gas Utilities industry average (23.2x).

PE vs Market: PPAA.F is poor value based on its PE Ratio (32.6x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: PPAA.F is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: PPAA.F is good value based on its PB Ratio (0.6x) compared to the US Gas Utilities industry average (1.8x).


Next Steps

Future Growth

How is Perusahaan Gas Negara forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

29.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PPAA.F's forecast earnings growth (29.6% per year) is above the savings rate (2.2%).

Earnings vs Market: PPAA.F's earnings (29.6% per year) are forecast to grow faster than the US market (22.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PPAA.F's revenue (2.7% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: PPAA.F's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PPAA.F's Return on Equity is forecast to be low in 3 years time (5.4%).


Next Steps

Past Performance

How has Perusahaan Gas Negara performed over the past 5 years?

-26.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PPAA.F has high quality earnings.

Growing Profit Margin: PPAA.F's current net profit margins (1.3%) are lower than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: PPAA.F's earnings have declined by -26.1% per year over the past 5 years.

Accelerating Growth: PPAA.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PPAA.F had negative earnings growth (-81.9%) over the past year, making it difficult to compare to the Gas Utilities industry average (2.1%).


Return on Equity

High ROE: PPAA.F's Return on Equity (2.6%) is considered low.


Next Steps

Financial Health

How is Perusahaan Gas Negara's financial position?


Financial Position Analysis

Short Term Liabilities: PPAA.F's short term assets ($2.4B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: PPAA.F's short term assets ($2.4B) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: PPAA.F's debt to equity ratio (86.6%) is considered high.

Reducing Debt: PPAA.F's debt to equity ratio has increased from 72.3% to 86.6% over the past 5 years.

Debt Coverage: PPAA.F's debt is well covered by operating cash flow (27.1%).

Interest Coverage: PPAA.F's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Perusahaan Gas Negara's current dividend yield, its reliability and sustainability?

5.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PPAA.F's dividend (5.07%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: PPAA.F's dividend (5.07%) is in the top 25% of dividend payers in the US market (4.32%)


Stability and Growth of Payments

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

Growing Dividend: PPAA.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (190.6%), PPAA.F's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PPAA.F's dividends in 3 years are forecast to be well covered by earnings (22.7% payout ratio).


Next Steps

Management

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

0.5yrs

Average management tenure


CEO

Suko Hartono

0.083

Tenure

Mr. Suko Hartono serves as President Director at PT Perusahaan Gas Negara Tbk since May 2020. Education: S1 – Teknik Kimia, Institute Teknologi Bandung (Tahun 1993) Career: President Director – PT ...


Leadership Team

NamePositionTenureCompensationOwnership
Suko Hartono
President Director0.083yrno datano data
Arie Kaban
Director of Finance & Director0.83yrno datano data
Chandra P. Simarmata
Director of Accountingno datano datano data
A. Fajar
Director of Corporate Financeno datano datano data
Redy Ferryanto
Director of Infrastructure & Technology & Director0.83yrno datano data
Nisi Setyobudi
Director Investor Relationsno datano datano data
R. Edwin
Director of Legalno datano datano data
Desy Anggia
Director of Corporate Communicationno datano datano data
Ahmad Cahyadi
Director of Marketingno datano datano data
Beni Hidayat
Director of General Affairs & Human Capitals and Director0.083yrno datano data

0.5yrs

Average Tenure

Experienced Management: PPAA.F's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Suko Hartono
President Director0.083yrno datano data
Arie Kaban
Director of Finance & Director0.83yrno datano data
Redy Ferryanto
Director of Infrastructure & Technology & Director0.83yrno datano data
Beni Hidayat
Director of General Affairs & Human Capitals and Director0.083yrno datano data
Faris Aziz
Director of Commerce & Director0.083yrno datano data
Syahrial Mukhtar
Director of Strategy & Business Development and Director1.17yrsno datano data
Paiman Rahardjo
Independent Commissioner5.17yrsno datano data
- Kiswodarmawan
Independent Commissioner4.17yrsno datano data
Arcandra Tahar
President Commissioners0.42yrno datano data
Luky Alfirman
Commissioner1.42yrsno datano data

0.8yrs

Average Tenure

51yo

Average Age

Experienced Board: PPAA.F's board of directors are not considered experienced ( 0.8 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

PT Perusahaan Gas Negara Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Perusahaan Gas Negara Tbk
  • Ticker: PPAA.F
  • Exchange: OTCPK
  • Founded: 1859
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: Rp23.151t
  • Listing Market Cap: Rp1.637b
  • Shares outstanding: 24.24b
  • Website: https://www.pgn.co.id

Number of Employees


Location

  • PT Perusahaan Gas Negara Tbk
  • Jl. K.H. Zainul Arifin No. 20
  • Jakarta
  • 11140
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGASIDX (Indonesia Stock Exchange)YesSeries B SharesIDIDRDec 2003
PGB1DB (Deutsche Boerse AG)YesSeries B SharesDEEURDec 2003
PPAA.FOTCPK (Pink Sheets LLC)YesSeries B SharesUSUSDDec 2003
PPAA.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDFeb 2009

Biography

PT Perusahaan Gas Negara Tbk, together with its subsidiaries, engages in the transmission and distribution of natural gas to industrial, commercial, and household users in Indonesia, the United States, Taiwan, and Singapore. The company operates through four segments: Gas Distribution and Transmission, Exploration and Production of Oil and Gas, Other operations, and Pertagas and Subsidiaries. It is also involved in the liquefied natural gas processing activity; trading of oil and gas; and exploration, exploitation, and business development in oil and gas. In addition, the company provides fiber optic rental for network services; construction and maintenance services to the customers; management and leasing services for buildings and equipment; and engineering and consultancy services. The company was founded in 1859 and is headquartered in Jakarta, Indonesia. PT Perusahaan Gas Negara Tbk is a subsidiary of PT Pertamina (Persero). As of April 30, 2018, PT Perusahaan Gas Negara Tbk operates as a subsidiary of PT Pertamina (Persero). 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 04:25
End of Day Share Price2020/06/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.