PETROVIETNAM GASCORPORATION |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 73,500 VND | -0.68% |
|
-2.00% | -2.65% |
| 26/04 | Petrovietnam Gas Joint Stock Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 08/04 | PetroVietnam Power signs loan for LNG plants from Citibank, ING | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,93,37,832 | 16,57,48,733 | 18,41,22,726 | 19,42,66,702 | 17,34,03,858 | 16,97,29,075 | - | - |
| Enterprise Value (EV) 1 | 15,27,43,434 | 14,18,79,617 | 16,20,17,430 | 16,73,91,963 | 17,34,03,858 | 13,42,49,275 | 12,72,23,275 | 11,63,76,775 |
| P/E ratio | 15.2 x | 22.1 x | 22.1 x | 13.3 x | 15.2 x | 15.3 x | 14 x | 12.7 x |
| Yield | 4.8% | 3.46% | 3.12% | - | - | 4.06% | 5.41% | 5.41% |
| Capitalization / Revenue | 2.38 x | 2.58 x | 2.33 x | 1.93 x | 1.93 x | 1.91 x | 1.72 x | 1.66 x |
| EV / Revenue | 2.03 x | 2.21 x | 2.05 x | 1.66 x | 1.93 x | 1.51 x | 1.29 x | 1.14 x |
| EV / EBITDA | 9.32 x | 12.7 x | 11.9 x | 8.01 x | 10.9 x | 8 x | 6.82 x | 5.68 x |
| EV / FCF | 15 x | 59.3 x | 59 x | 16 x | 15.1 x | 17.9 x | 14.2 x | 10.2 x |
| FCF Yield | 6.66% | 1.69% | 1.69% | 6.23% | 6.61% | 5.57% | 7.03% | 9.84% |
| Price to Book | 3.69 x | 3.43 x | 3.53 x | 3.17 x | 2.66 x | 2.41 x | - | - |
| Nbr of stocks (in thousands) | 22,96,749 | 22,96,749 | 22,96,749 | 22,96,749 | 22,96,740 | 22,96,740 | - | - |
| Reference price 2 | 78,083 | 72,167 | 80,167 | 84,583 | 75,500 | 73,900 | 73,900 | 73,900 |
| Announcement Date | 20/01/20 | 21/01/21 | 21/01/22 | 30/01/23 | 31/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,53,48,056 | 6,41,50,007 | 7,89,92,156 | 10,07,23,549 | 9,00,14,137 | 8,87,00,075 | 9,86,99,033 | 10,24,22,567 |
| EBITDA 1 | 1,63,95,383 | 1,11,77,839 | 1,36,11,930 | 2,09,03,524 | 1,59,56,893 | 1,67,75,550 | 1,86,49,900 | 2,04,77,300 |
| EBIT 1 | 1,37,21,265 | 86,44,855 | 1,03,74,000 | 1,77,99,394 | 1,29,06,193 | 1,28,44,650 | 1,48,23,200 | 1,66,11,150 |
| Operating Margin | 18.21% | 13.48% | 13.13% | 17.67% | 14.34% | 14.48% | 15.02% | 16.22% |
| Earnings before Tax (EBT) 1 | 1,51,41,238 | 99,37,309 | 1,12,04,998 | 1,88,02,152 | 1,46,39,542 | 1,42,65,133 | 1,56,59,750 | 1,72,16,100 |
| Net income 1 | 1,19,40,829 | 78,11,769 | 86,72,965 | 1,47,94,446 | 1,16,06,031 | 1,13,26,900 | 1,27,71,333 | 1,36,51,567 |
| Net margin | 15.85% | 12.18% | 10.98% | 14.69% | 12.89% | 12.77% | 12.94% | 13.33% |
| EPS 2 | 5,122 | 3,261 | 3,630 | 6,372 | 4,972 | 4,841 | 5,296 | 5,822 |
| Free Cash Flow 1 | 1,01,68,799 | 23,90,885 | 27,45,272 | 1,04,34,769 | 1,14,56,340 | 74,82,950 | 89,49,100 | 1,14,55,800 |
| FCF margin | 13.5% | 3.73% | 3.48% | 10.36% | 12.73% | 8.44% | 9.07% | 11.18% |
| FCF Conversion (EBITDA) | 62.02% | 21.39% | 20.17% | 49.92% | 71.8% | 44.61% | 47.98% | 55.94% |
| FCF Conversion (Net income) | 85.16% | 30.61% | 31.65% | 70.53% | 98.71% | 66.06% | 70.07% | 83.92% |
| Dividend per Share 2 | 3,750 | 2,500 | 2,500 | - | - | 3,000 | 4,000 | 4,000 |
| Announcement Date | 20/01/20 | 21/01/21 | 21/01/22 | 30/01/23 | 31/01/24 | - | - | - |
1VND in Million2VND
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|
| Net sales | - | - | 2,20,51,958 | - | - | - |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income 1 | 19,63,898 | 30,29,235 | - | 33,50,256 | 23,77,168 | 27,23,017 |
| Net margin | - | - | - | - | - | - |
| EPS | - | 1,302 | - | 1,458 | 1,218 | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 21/01/22 | 28/10/22 | 30/01/23 | 28/04/23 | 30/10/23 | 31/01/24 |
1VND in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 2,65,94,398 | 2,38,69,116 | 2,21,05,296 | 2,68,74,739 | - | 3,54,79,800 | 4,25,05,800 | 5,33,52,300 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,01,68,799 | 23,90,885 | 27,45,272 | 1,04,34,769 | 1,14,56,340 | 74,82,950 | 89,49,100 | 1,14,55,800 |
| ROE (net income / shareholders' equity) | 25.5% | 16.1% | 17.1% | 26.1% | 18.7% | 16.8% | 17.2% | 17.6% |
| ROA (Net income/ Total Assets) | 19.1% | 12.5% | 12.2% | 18.3% | 13.6% | 12.7% | 12.6% | 12.6% |
| Assets 1 | 6,24,35,705 | 6,26,34,454 | 7,09,73,528 | 8,07,86,576 | 8,52,08,768 | 8,93,64,103 | 10,17,63,612 | 10,87,77,424 |
| Book Value Per Share 2 | 21,136 | 21,058 | 22,725 | 26,698 | 28,431 | 30,680 | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 26,64,088 | 52,97,535 | 45,66,505 | 20,05,384 | 17,69,356 | 83,22,500 | 1,39,06,000 | 1,26,83,000 |
| Capex / Sales | 3.54% | 8.26% | 5.78% | 1.99% | 1.97% | 9.38% | 14.09% | 12.38% |
| Announcement Date | 20/01/20 | 21/01/21 | 21/01/22 | 30/01/23 | 31/01/24 | - | - | - |
1VND in Million2VND
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
73,900
VND
Average target price
85,072
VND
Spread / Average Target
+15.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.65% | 6.66B | |
| -8.79% | 1,939B | |
| +16.26% | 458B | |
| +37.40% | 250B | |
| +11.72% | 226B | |
| +8.52% | 170B | |
| +13.27% | 108B | |
| -7.12% | 78.94B | |
| -.--% | 49.9B | |
| +22.61% | 48.45B |
- Stock Market
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- Financials Petrovietnam GasCorporation
