Petrovietnam Gas Joint Stock Corporation

HOSE:GAS Stock Report

Market Cap: ₫179.1t

Petrovietnam Gas Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: GAS (₫78300) is trading below our estimate of fair value (₫134195.91)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GAS 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/Revenue1.6x
Enterprise Value/EBITDA9.6x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
PGD PetroVietNam Low Pressure Gas Distribution
19.4xn/a₫3.4t
APA APA Group
9.2x-34.6%AU$10.3b
PETGAS PETRONAS Gas Berhad
19.6x3.6%RM 36.1b
POW PetroVietnam Power Corporation - JSC
45.5x28.4%₫35.6t
GAS Petrovietnam Gas
17x9.3%₫179.8t

Price-To-Earnings vs Peers: GAS is good value based on its Price-To-Earnings Ratio (17x) compared to the peer average (23.4x).


Price to Earnings Ratio vs Industry

How does GAS's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: GAS is expensive based on its Price-To-Earnings Ratio (17x) compared to the Asian Gas Utilities industry average (12.8x).


Price to Earnings Ratio vs Fair Ratio

What is GAS'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.

GAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: GAS is expensive based on its Price-To-Earnings Ratio (17x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).


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 GAS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₫78,300.00
₫84,272.22
+7.6%
6.0%₫93,000.00₫76,333.33n/a6
Jul ’25₫77,700.00
₫84,272.22
+8.5%
6.0%₫93,000.00₫76,333.33n/a6
Jun ’25₫80,100.00
₫84,272.22
+5.2%
6.0%₫93,000.00₫76,333.33n/a6
May ’25₫73,500.00
₫85,072.22
+15.7%
6.4%₫93,000.00₫76,333.33n/a6
Apr ’25₫80,600.00
₫84,955.56
+5.4%
6.3%₫93,000.00₫76,333.33n/a6
Mar ’25₫77,600.00
₫84,955.56
+9.5%
6.3%₫93,000.00₫76,333.33n/a6
Feb ’25₫75,500.00
₫84,955.56
+12.5%
6.3%₫93,000.00₫76,333.33n/a6
Jan ’25₫75,500.00
₫84,802.78
+12.3%
6.1%₫92,083.33₫76,333.33n/a6
Dec ’24₫77,700.00
₫89,183.33
+14.8%
7.0%₫98,333.33₫76,333.33n/a7
Nov ’24₫76,900.00
₫89,959.52
+17.0%
7.1%₫98,333.33₫76,333.33n/a7
Oct ’24₫90,700.00
₫89,309.52
-1.5%
6.9%₫98,333.33₫76,333.33n/a7
Sep ’24₫82,166.67
₫89,309.52
+8.7%
6.9%₫98,333.33₫76,333.33n/a7
Aug ’24₫83,916.67
₫88,357.14
+5.3%
6.8%₫98,333.33₫76,333.33n/a7
Jul ’24₫77,500.00
₫88,000.00
+13.5%
6.9%₫98,333.33₫76,333.33₫77,700.007
Jun ’24₫76,666.67
₫88,000.00
+14.8%
6.9%₫98,333.33₫76,333.33₫80,100.007
May ’24₫77,333.33
₫95,802.19
+23.9%
12.0%₫111,333.33₫76,333.33₫73,500.008
Apr ’24₫85,000.00
₫95,802.19
+12.7%
12.0%₫111,333.33₫76,333.33₫80,600.008
Mar ’24₫87,583.33
₫102,805.65
+17.4%
11.1%₫113,416.67₫76,333.33₫77,600.009
Feb ’24₫88,833.33
₫105,354.27
+18.6%
11.3%₫113,416.67₫76,333.33₫75,500.008
Jan ’24₫84,583.33
₫106,018.61
+25.3%
10.7%₫113,416.67₫76,333.33₫75,500.009
Dec ’23₫88,750.00
₫106,018.61
+19.5%
10.7%₫113,416.67₫76,333.33₫77,700.009
Nov ’23₫91,666.67
₫105,703.80
+15.3%
11.1%₫118,250.00₫76,333.33₫76,900.009
Oct ’23₫91,666.67
₫106,593.75
+16.3%
11.4%₫118,250.00₫76,333.33₫90,700.008
Sep ’23₫97,583.33
₫107,322.92
+10.0%
11.5%₫118,250.00₫76,333.33₫82,166.678
Aug ’23₫89,916.67
₫105,281.25
+17.1%
13.0%₫119,166.67₫76,333.33₫83,916.678
Jul ’23₫94,166.67
₫105,281.25
+11.8%
13.0%₫119,166.67₫76,333.33₫77,500.008

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


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