Petrovietnam Gas Joint Stock Corporation

HOSE:GAS Stock Report

Market Cap: ₫159.8t

Petrovietnam Gas Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 (₫68200) is trading below our estimate of fair value (₫71372.61)

Significantly Below Fair Value: GAS is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GAS. This is calculated by dividing GAS's market cap by their current earnings.
What is GAS's PE Ratio?
PE Ratio14.7x
Earnings₫10.89t
Market Cap₫159.77t

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 Average15.2x
PGD PetroVietNam Low Pressure Gas Distribution
10.3xn/a₫3.2t
APA APA Group
9.2x-24.6%AU$9.0b
ALA AltaGas
20.4x14.1%CA$9.9b
POW PetroVietnam Power Corporation - JSC
20.9x22.0%₫28.5t
GAS Petrovietnam Gas
14.7x5.5%₫159.8t

Price-To-Earnings vs Peers: GAS is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (15.2x).

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
GAS 14.7xIndustry Avg. 14.4xNo. of Companies10PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GAS is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the Asian Gas Utilities industry average (14.4x).

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 Ratio14.7x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: GAS is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

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₫68,200.00
₫79,756.10
+16.9%
4.3%₫85,000.00₫74,836.60n/a6
Dec ’25₫69,600.00
₫81,947.32
+17.7%
6.1%₫89,400.00₫74,836.60n/a5
Nov ’25₫70,200.00
₫81,221.83
+15.7%
5.8%₫89,400.00₫74,836.60n/a5
Oct ’25₫73,000.00
₫82,078.69
+12.4%
6.2%₫89,400.00₫74,836.60n/a5
Sep ’25₫81,666.67
₫81,086.60
-0.7%
4.9%₫85,784.31₫74,836.60n/a4
Aug ’25₫77,352.94
₫82,026.14
+6.0%
6.4%₫91,176.47₫74,836.60n/a5
Jul ’25₫76,176.47
₫82,619.83
+8.5%
6.0%₫91,176.47₫74,836.60n/a6
Jun ’25₫78,529.41
₫82,619.83
+5.2%
6.0%₫91,176.47₫74,836.60n/a6
May ’25₫72,058.82
₫83,404.14
+15.7%
6.4%₫91,176.47₫74,836.60n/a6
Apr ’25₫79,019.61
₫83,289.76
+5.4%
6.3%₫91,176.47₫74,836.60n/a6
Mar ’25₫76,078.43
₫83,289.76
+9.5%
6.3%₫91,176.47₫74,836.60n/a6
Feb ’25₫74,019.61
₫83,289.76
+12.5%
6.3%₫91,176.47₫74,836.60n/a6
Jan ’25₫74,019.61
₫83,139.98
+12.3%
6.1%₫90,277.78₫74,836.60n/a6
Dec ’24₫76,176.47
₫87,434.64
+14.8%
7.0%₫96,405.23₫74,836.60₫69,600.007
Nov ’24₫75,392.16
₫88,195.61
+17.0%
7.1%₫96,405.23₫74,836.60₫70,200.007
Oct ’24₫88,921.57
₫87,558.36
-1.5%
6.9%₫96,405.23₫74,836.60₫73,000.007
Sep ’24₫80,555.56
₫87,558.36
+8.7%
6.9%₫96,405.23₫74,836.60₫81,666.677
Aug ’24₫82,271.24
₫86,624.65
+5.3%
6.8%₫96,405.23₫74,836.60₫77,352.947
Jul ’24₫75,980.39
₫86,274.51
+13.5%
6.9%₫96,405.23₫74,836.60₫76,176.477
Jun ’24₫75,163.40
₫86,274.51
+14.8%
6.9%₫96,405.23₫74,836.60₫78,529.417
May ’24₫75,816.99
₫93,923.71
+23.9%
12.0%₫109,150.33₫74,836.60₫72,058.828
Apr ’24₫83,333.33
₫93,923.71
+12.7%
12.0%₫109,150.33₫74,836.60₫79,019.618
Mar ’24₫85,866.01
₫100,789.85
+17.4%
11.1%₫111,192.81₫74,836.60₫76,078.439
Feb ’24₫87,091.50
₫103,288.50
+18.6%
11.3%₫111,192.81₫74,836.60₫74,019.618
Jan ’24₫82,924.84
₫103,939.81
+25.3%
10.7%₫111,192.81₫74,836.60₫74,019.619
Dec ’23₫87,009.80
₫103,939.81
+19.5%
10.7%₫111,192.81₫74,836.60₫76,176.479

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 04:58
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Petrovietnam Gas Joint Stock Corporation is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Manh TranBao Viet Securities Joint Stock Company
Khanh Do LongBao Viet Securities Joint Stock Company
Tu NguyenBIDV Securities Joint Stock Company