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Perusahaan Gas Negara

OTCPK:PPAA.F
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PPAA.F
OTCPK
IDR45,210B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

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 last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Perusahaan Gas Negara has significant price volatility in the past 3 months.
PPAA.F Share Price and Events
7 Day Returns
-8.3%
OTCPK:PPAA.F
1.2%
US Gas Utilities
-0.7%
US Market
1 Year Returns
-5%
OTCPK:PPAA.F
15.5%
US Gas Utilities
3%
US Market
PPAA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Perusahaan Gas Negara (PPAA.F) -8.3% -21.3% - -5% -23.6% -72.3%
US Gas Utilities 1.2% 1% 3.8% 15.5% 31.5% 58.5%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • PPAA.F underperformed the Gas Utilities industry which returned 15.5% over the past year.
  • PPAA.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
PPAA.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Perusahaan Gas Negara's competitors could be found in our database.

PPAA.F Value

 Is Perusahaan Gas Negara undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Perusahaan Gas Negara to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Perusahaan Gas Negara.

OTCPK:PPAA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:PPAA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.388 (1 + (1- 25%) (92.78%))
0.771
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:PPAA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Perusahaan Gas Negara is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:PPAA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 411.33 Analyst x3 382.64
2020 549.13 Analyst x4 475.19
2021 636.17 Analyst x3 512.12
2022 691.58 Est @ 8.71% 517.90
2023 739.42 Est @ 6.92% 515.10
2024 781.27 Est @ 5.66% 506.29
2025 818.63 Est @ 4.78% 493.50
2026 852.73 Est @ 4.17% 478.20
2027 884.59 Est @ 3.74% 461.46
2028 914.96 Est @ 3.43% 444.02
Present value of next 10 years cash flows $4,786.41
OTCPK:PPAA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $914.96 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$19,713.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $19,713.46 ÷ (1 + 7.5%)10
$9,566.63
OTCPK:PPAA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $4,786.41 + $9,566.63
$14,353.05
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $14,353.05 / 24,241.51
$8302.55
OTCPK:PPAA.F Discount to Share Price
Calculation Result
Exchange Rate USD/IDR
(Reporting currency to currency of IDX:PGAS)
14485
Value per Share
(IDR)
= Value per Share in USD x Exchange Rate (USD/IDR)
= $0.59 x 14485
IDR8576.36
Non-primary Listing Adjustment Factor 1 share in OTCPK:PPAA.F represents 7.0E-5x of IDX:PGAS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
7.0E-5x
Value per Share
(Listing Adjusted, USD)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 8,576.36 x 7.0E-5
$0.61
Value per share (USD) From above. $0.61
Current discount Discount to share price of $0.13
= -1 x ($0.13 - $0.61) / $0.61
78.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Perusahaan Gas Negara is available for.
Intrinsic value
>50%
Share price is $0.133 vs Future cash flow value of $0.61161
Current Discount Checks
For Perusahaan Gas Negara to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Perusahaan Gas Negara's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Perusahaan Gas Negara's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Perusahaan Gas Negara's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Perusahaan Gas Negara's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PPAA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.01
IDX:PGAS Share Price ** IDX (2019-05-15) in IDR IDR1865
IDX:PGAS Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.13
United States of America Gas Utilities Industry PE Ratio Median Figure of 11 Publicly-Listed Gas Utilities Companies 24.31x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Perusahaan Gas Negara.

OTCPK:PPAA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:PGAS Share Price ÷ EPS (both in USD)

= 0.13 ÷ 0.01

11.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perusahaan Gas Negara is good value based on earnings compared to the US Gas Utilities industry average.
  • Perusahaan Gas Negara is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Perusahaan Gas Negara's expected growth come at a high price?
Raw Data
OTCPK:PPAA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
3.6%per year
United States of America Gas Utilities Industry PEG Ratio Median Figure of 10 Publicly-Listed Gas Utilities Companies 2.88x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:PPAA.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.19x ÷ 3.6%

3.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perusahaan Gas Negara is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Perusahaan Gas Negara's assets?
Raw Data
OTCPK:PPAA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.11
IDX:PGAS Share Price * IDX (2019-05-15) in IDR IDR1865
IDX:PGAS Share Price converted to USD reporting currency Exchange rate (IDR/ USD) 0 $0.13
United States of America Gas Utilities Industry PB Ratio Median Figure of 12 Publicly-Listed Gas Utilities Companies 2.27x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:PPAA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:PGAS Share Price ÷ Book Value per Share (both in USD)

= 0.13 ÷ 0.11

1.18x

* Primary Listing of Perusahaan Gas Negara.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perusahaan Gas Negara is good value based on assets compared to the US Gas Utilities industry average.
X
Value checks
We assess Perusahaan Gas Negara's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Gas Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Gas Utilities industry average (and greater than 0)? (1 check)
  5. Perusahaan Gas Negara has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PPAA.F Future Performance

 How is Perusahaan Gas Negara expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Perusahaan Gas Negara expected to grow at an attractive rate?
  • Perusahaan Gas Negara's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Perusahaan Gas Negara's earnings growth is positive but not above the United States of America market average.
  • Perusahaan Gas Negara's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PPAA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PPAA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 3.6%
OTCPK:PPAA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.8%
United States of America Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 12%
United States of America Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:PPAA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PPAA.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,048 900 315 10
2020-12-31 3,927 857 316 14
2019-12-31 3,820 677 297 12
OTCPK:PPAA.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 3,787 919 279
2018-12-31 3,870 919 305
2018-09-30 3,997 817 328
2018-06-30 3,928 865 303
2018-03-31 3,768 680 191
2017-12-31 3,571 729 197
2017-09-30 2,944 765 160
2017-06-30 2,907 726 202
2017-03-31 2,960 774 301
2016-12-31 2,935 656 304
2016-09-30 3,086 748 337
2016-06-30 3,092 778 326

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Perusahaan Gas Negara's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Perusahaan Gas Negara's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:PPAA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Perusahaan Gas Negara Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PPAA.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.01 0.02 0.01 8.00
2020-12-31 0.01 0.02 0.01 12.00
2019-12-31 0.01 0.02 0.01 12.00
OTCPK:PPAA.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.01
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Perusahaan Gas Negara is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Perusahaan Gas Negara's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Perusahaan Gas Negara has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PPAA.F Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Perusahaan Gas Negara's growth in the last year to its industry (Gas Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Perusahaan Gas Negara's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Perusahaan Gas Negara's 1-year earnings growth exceeds its 5-year average (45.9% vs -26.6%)
  • Perusahaan Gas Negara's earnings growth has exceeded the US Gas Utilities industry average in the past year (45.9% vs -5.5%).
Earnings and Revenue History
Perusahaan Gas Negara's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Perusahaan Gas Negara Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PPAA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,787.25 278.97 629.80
2018-12-31 3,870.27 304.99 648.21
2018-09-30 3,996.62 327.90 722.89
2018-06-30 3,927.77 303.32 728.45
2018-03-31 3,768.11 191.19 717.50
2017-12-31 3,570.60 196.90 654.43
2017-09-30 2,943.73 160.24 437.12
2017-06-30 2,906.59 202.16 429.42
2017-03-31 2,960.42 300.51 417.12
2016-12-31 2,934.78 304.32 415.33
2016-09-30 3,086.11 336.87 357.90
2016-06-30 3,092.13 326.32 363.70
2016-03-31 3,092.81 392.44 364.64
2015-12-31 3,068.79 401.20 374.12
2015-09-30 2,996.47 425.71 397.26
2015-06-30 3,043.37 568.47 406.56
2015-03-31 3,145.39 643.92 397.51
2014-12-31 3,253.39 711.18 406.21
2014-09-30 3,195.65 754.64 419.85
2014-06-30 3,135.71 716.99 445.12
2014-03-31 3,074.82 727.48 462.36
2013-12-31 3,001.52 804.45 481.86
2013-09-30 2,950.50 911.21 488.14
2013-06-30 2,888.91 938.58 469.48
2013-03-31 2,728.14 868.59 472.15
2012-12-31 2,580.23 890.89 451.90
2012-09-30 2,425.59 768.32 433.75
2012-06-30 2,333.66 709.40 465.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Perusahaan Gas Negara has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Perusahaan Gas Negara used its assets more efficiently than the US Gas Utilities industry average last year based on Return on Assets.
  • Perusahaan Gas Negara's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Perusahaan Gas Negara's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Gas Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Perusahaan Gas Negara has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PPAA.F Health

 How is Perusahaan Gas Negara's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Perusahaan Gas Negara's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Perusahaan Gas Negara is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Perusahaan Gas Negara's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Perusahaan Gas Negara's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Perusahaan Gas Negara Company Filings, last reported 1 month ago.

OTCPK:PPAA.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,294.55 2,895.94 1,010.58
2018-12-31 3,201.89 3,503.95 1,378.87
2018-09-30 3,315.68 2,470.24 1,718.50
2018-06-30 3,247.03 2,389.18 1,437.49
2018-03-31 3,262.14 2,404.27 1,265.80
2017-12-31 4,310.41 2,812.49 1,211.09
2017-09-30 3,146.33 2,401.25 1,027.51
2017-06-30 3,098.22 2,478.11 977.54
2017-03-31 3,279.04 2,855.28 1,511.25
2016-12-31 3,170.19 2,911.48 1,372.88
2016-09-30 3,111.56 2,923.59 1,304.16
2016-06-30 3,018.01 2,837.93 1,094.33
2016-03-31 3,132.36 2,732.75 1,204.40
2015-12-31 3,022.80 2,720.13 1,200.17
2015-09-30 2,908.25 2,459.53 1,006.07
2015-06-30 2,838.20 2,135.47 820.22
2015-03-31 2,984.59 2,155.59 1,230.13
2014-12-31 2,875.47 1,864.04 1,223.54
2014-09-30 2,806.96 1,957.28 1,313.29
2014-06-30 2,600.05 2,124.35 1,528.65
2014-03-31 2,463.89 1,414.32 1,260.31
2013-12-31 2,671.14 1,037.88 1,404.55
2013-09-30 2,501.72 809.49 994.02
2013-06-30 2,316.60 852.42 945.56
2013-03-31 2,622.77 907.48 1,771.20
2012-12-31 2,354.79 1,025.75 1,675.74
2012-09-30 2,079.80 1,157.03 1,390.39
2012-06-30 1,871.13 1,167.33 1,252.44
  • Perusahaan Gas Negara's level of debt (87.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (57.7% vs 87.9% today).
  • Debt is well covered by operating cash flow (31.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Perusahaan Gas Negara's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Perusahaan Gas Negara has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PPAA.F Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.61%
Current annual income from Perusahaan Gas Negara dividends. Estimated to be 4.54% next year.
If you bought $2,000 of Perusahaan Gas Negara shares you are expected to receive $32 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Perusahaan Gas Negara's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Perusahaan Gas Negara's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:PPAA.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:PPAA.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.01 8.00
2020-12-31 0.01 13.00
2019-12-31 0.01 10.00
OTCPK:PPAA.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-08-21 0.002 1.427
2018-03-09 0.002 1.598
2017-05-08 0.005 3.752
2016-08-31 0.007 3.460
2016-03-17 0.007 3.435
2015-08-31 0.010 5.394
2014-08-29 0.015 4.329
2014-05-30 0.017 3.714
2014-02-28 0.018 4.000
2013-08-30 0.017 4.132
2013-02-28 0.019 3.594
2012-08-30 0.014 3.035
2012-03-30 0.014 3.694
2011-10-26 0.017 4.649
2011-06-28 0.017 4.954
2010-10-28 0.017 3.798
2010-03-31 0.016 3.900
2009-10-26 0.002 0.524
2009-08-31 0.002 0.555

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Perusahaan Gas Negara's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Perusahaan Gas Negara's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Perusahaan Gas Negara afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Perusahaan Gas Negara has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PPAA.F Management

 What is the CEO of Perusahaan Gas Negara's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gigih Soewarto
TENURE AS CEO 1.3 years
CEO Bio

Mr. Gigih Prakoso Soewarto has been Director of Investment Planning and Risk Management PT Pertamina (Persero) since 2017. Mr. Soewarto has been the President Director at PT Perusahaan Gas Negara (Persero) Tbk since 2018. He had been President Commissioner of PT Elnusa Tbk since March 2018 until 2018. Mr. Soewarto was Director of Strategy & Business Development and Director at PT Perusahaan Gas Negara (Persero) Tbk until 2018. Starting his career with variety of positions among others Vice President of Financial Downstream of Finance Directorate of PT Pertamina (Persero) 2008-2010 and Vice President of Corporate Strategic Planning of Investment Plan & Risk Management Directorate of PT Pertamina (Persero) 2011-2012. He has also been appointed as Director Strategy and Business Development PT Perusahaan Gas Negara and Commissioner of PT Pertamina Patra Niaga. He Holds Bachelor Degree in Agricultural Technology Industry from Institute of Agricultural Bogor and Master of Business Administration from Saint Louis University, USA and Doctor of Economic from University of Gadjah Mada.

CEO Compensation
  • Insufficient data for Gigih to compare compensation growth.
  • Insufficient data for Gigih to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Perusahaan Gas Negara management team in years:

2.4
Average Tenure
  • The tenure for the Perusahaan Gas Negara management team is about average.
Management Team

Gigih Soewarto

TITLE
President Director
TENURE
1.3 yrs

Reza Pahlevy

TITLE
Director of Finance & Director
TENURE
1.3 yrs

Dilo Widagdo

TITLE
Director of Infrastructure & Technology and Director
AGE
49
TENURE
2.8 yrs

Desima Siahaan

TITLE
Director of General Affairs & HR and Director
TENURE
2 yrs

Pramono Harjanto

TITLE
Head of the Internal Audit Unit
TENURE
6.3 yrs

Danny Praditya

TITLE
Director of Commerce & Director
AGE
40
TENURE
2.8 yrs

Heri Yusuf

TITLE
Corporate Secretary

Doddy Adianto

TITLE
President Director of Pt Pgn Lng Indonesia
Board of Directors Tenure

Average tenure and age of the Perusahaan Gas Negara board of directors in years:

2.5
Average Tenure
54
Average Age
  • The average tenure for the Perusahaan Gas Negara board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gigih Soewarto

TITLE
President Director
TENURE
1.3 yrs

Reza Pahlevy

TITLE
Director of Finance & Director
TENURE
1.3 yrs

Dilo Widagdo

TITLE
Director of Infrastructure & Technology and Director
AGE
49
TENURE
3.1 yrs

Desima Siahaan

TITLE
Director of General Affairs & HR and Director
TENURE
2 yrs

Danny Praditya

TITLE
Director of Commerce & Director
AGE
40
TENURE
3.1 yrs

Paiman Rahardjo

TITLE
Independent Commissioner
AGE
61
TENURE
4.1 yrs

Mohamad Ikhsan

TITLE
Commissioner
AGE
54
TENURE
4.1 yrs

IGN Puja

TITLE
President Commissioner
AGE
55
TENURE
0.8 yrs

- Kiswodarmawan

TITLE
Independent Commissioner
AGE
61
TENURE
3.1 yrs

Luky Alfirman

TITLE
Commissioner
AGE
47
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Perusahaan Gas Negara's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Perusahaan Gas Negara has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PPAA.F News

Simply Wall St News

PPAA.F Company Info

Description

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).

Details
Name: PT Perusahaan Gas Negara Tbk
PPAA.F
Exchange: OTCPK
Founded: 1859
IDR3,121,188,318
24,241,508,196
Website: http://www.pgn.co.id
Address: PT Perusahaan Gas Negara Tbk
Jl. K.H. Zainul Arifin No. 20,
Jakarta,
11140,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX PGAS Series B Shares Indonesia Stock Exchange ID IDR 15. Dec 2003
OTCPK PPAA.F Series B Shares Pink Sheets LLC US USD 15. Dec 2003
DB PGB1 Series B Shares Deutsche Boerse AG DE EUR 15. Dec 2003
OTCPK PPAA.Y UNSPONSORED ADR Pink Sheets LLC US USD 24. Feb 2009
Number of employees
Current staff
Staff numbers
2,996
Perusahaan Gas Negara employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:24
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.