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

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 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 (₫83619.74)

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 Average14.9x
PGD PetroVietNam Low Pressure Gas Distribution
10xn/a₫3.1t
APA APA Group
9.4x-25.4%AU$9.2b
ALA AltaGas
21.2x14.2%CA$10.3b
PETGAS PETRONAS Gas Berhad
18.9x3.6%RM 34.8b
GAS Petrovietnam Gas
14.7x10.2%₫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 (14.9x).

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. 13.4xNo. 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 (13.4x).

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 Ratio15.1x

Price-To-Earnings vs Fair Ratio: GAS is good value based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

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
₫81,947.32
+20.2%
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₫74,836.60n/a7
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
Nov ’23₫89,869.28
₫103,631.17
+15.3%
11.1%₫115,931.37₫74,836.60₫75,392.169

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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