PT Perusahaan Gas Negara Tbk

OTCPK:PPAA.F Stock Report

Market Cap: US$2.3b

Perusahaan Gas Negara Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: PPAA.F ($0.08) is trading below our estimate of fair value ($0.18)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PPAA.F?

Key metric: As PPAA.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PPAA.F. This is calculated by dividing PPAA.F's market cap by their current earnings.
What is PPAA.F's PE Ratio?
PE Ratio6.7x
EarningsUS$342.98m
Market CapUS$2.28b

Price to Earnings Ratio vs Peers

How does PPAA.F's PE Ratio compare to its peers?

The above table shows the PE ratio for PPAA.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.2x
CPK Chesapeake Utilities
28.1x12.2%US$3.0b
NWN Northwest Natural Holding
22.4x12.8%US$1.7b
SR Spire
17.8x7.4%US$4.1b
OGS ONE Gas
20.4x11.4%US$4.4b
PPAA.F Perusahaan Gas Negara
6.7x-3.6%US$36.2t

Price-To-Earnings vs Peers: PPAA.F is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (22.2x).

Price to Earnings Ratio vs Industry

How does PPAA.F's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PPAA.F 6.7xIndustry Avg. 14.2xNo. of Companies14PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PPAA.F is good value based on its Price-To-Earnings Ratio (6.7x) compared to the Global Gas Utilities industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is PPAA.F'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.

PPAA.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PPAA.F's Price-To-Earnings Fair Ratio for valuation analysis.

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 PPAA.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$0.10
0%
9.0%US$0.12US$0.089n/a11
Nov ’25n/a
US$0.099
0%
10.1%US$0.12US$0.08n/a12
Oct ’25n/a
US$0.099
0%
11.8%US$0.12US$0.08n/a13
Sep ’25n/a
US$0.10
0%
11.6%US$0.12US$0.08n/a13
Aug ’25n/a
US$0.098
0%
10.0%US$0.11US$0.082n/a13
Jul ’25n/a
US$0.097
0%
10.0%US$0.11US$0.082n/a14
Jun ’25n/a
US$0.093
0%
10.5%US$0.11US$0.078n/a14
May ’25n/a
US$0.088
0%
18.3%US$0.12US$0.05n/a15
Apr ’25n/a
US$0.085
0%
19.8%US$0.12US$0.05n/a15
Mar ’25n/a
US$0.083
0%
23.1%US$0.12US$0.05n/a15
Feb ’25US$0.06
US$0.084
+40.0%
21.7%US$0.12US$0.06n/a15
Jan ’25US$0.073
US$0.093
+26.9%
26.4%US$0.15US$0.06n/a14
Dec ’24n/a
US$0.098
0%
25.5%US$0.15US$0.06n/a14
Nov ’24n/a
US$0.10
0%
20.5%US$0.15US$0.07n/a14
Oct ’24n/a
US$0.11
0%
16.4%US$0.15US$0.076n/a14
Sep ’24n/a
US$0.11
0%
17.8%US$0.15US$0.076n/a13
Aug ’24n/a
US$0.11
0%
18.3%US$0.15US$0.076n/a12
Jul ’24n/a
US$0.11
0%
18.3%US$0.15US$0.07n/a13
Jun ’24n/a
US$0.12
0%
17.9%US$0.15US$0.07n/a14
May ’24US$0.11
US$0.12
+7.3%
16.3%US$0.15US$0.07n/a13
Apr ’24US$0.095
US$0.13
+32.2%
16.8%US$0.15US$0.07n/a13
Mar ’24n/a
US$0.13
0%
11.7%US$0.16US$0.10n/a13
Feb ’24n/a
US$0.13
0%
11.9%US$0.16US$0.10US$0.0612
Jan ’24n/a
US$0.14
0%
11.1%US$0.16US$0.10US$0.07312
Dec ’23n/a
US$0.14
0%
15.7%US$0.16US$0.087n/a13
Nov ’23n/a
US$0.13
0%
16.8%US$0.16US$0.087n/a13

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

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