PETRONAS GAS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.02 MYR | +0.11% |
|
-0.44% | +3.56% |
| Mar. 19 | Malaysian Shares Snap Three-Day Winning Streak on Tuesday; Ge-Shen's Shares Drop 5% | MT |
| Mar. 18 | Petronas Gas OKs Final Investment Decision for Compressor Station Project | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 32,887 | 33,995 | 35,617 | 33,876 | 34,430 | 35,657 | - | - |
| Enterprise Value (EV) 1 | 32,764 | 34,135 | 35,282 | 33,685 | 34,054 | 34,821 | 34,377 | 34,620 |
| P/E ratio | 17 x | 16.9 x | 17.9 x | 20.6 x | 18.9 x | 18.7 x | 18.3 x | 17.8 x |
| Yield | 4.33% | 7.39% | 4.56% | 4.21% | 4.14% | 4.37% | 4.44% | 4.68% |
| Capitalization / Revenue | 6.03 x | 6.08 x | 6.31 x | 5.5 x | 5.34 x | 5.64 x | 5.54 x | 5.29 x |
| EV / Revenue | 6 x | 6.1 x | 6.25 x | 5.47 x | 5.28 x | 5.51 x | 5.34 x | 5.14 x |
| EV / EBITDA | 9.35 x | 9.57 x | 9.92 x | 10.4 x | 10.4 x | 9.95 x | 9.69 x | 9.55 x |
| EV / FCF | 14.5 x | 13.5 x | 16.1 x | 19.2 x | 18.5 x | 17.4 x | 16.6 x | 17.2 x |
| FCF Yield | 6.91% | 7.4% | 6.2% | 5.22% | 5.4% | 5.76% | 6.02% | 5.82% |
| Price to Book | 2.48 x | 2.69 x | 2.72 x | 2.58 x | 2.54 x | 2.56 x | 2.5 x | 2.46 x |
| Nbr of stocks (in thousands) | 1,978,732 | 1,978,732 | 1,978,732 | 1,978,732 | 1,978,732 | 1,978,732 | - | - |
| Reference price 2 | 16.62 | 17.18 | 18.00 | 17.12 | 17.40 | 18.02 | 18.02 | 18.02 |
| Announcement Date | 2/18/20 | 2/22/21 | 2/22/22 | 2/16/23 | 2/27/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,458 | 5,592 | 5,649 | 6,160 | 6,445 | 6,318 | 6,437 | 6,737 |
| EBITDA 1 | 3,503 | 3,566 | 3,558 | 3,245 | 3,267 | 3,498 | 3,549 | 3,624 |
| EBIT 1 | 2,556 | 2,670 | 2,660 | 2,320 | 2,274 | 2,431 | 2,479 | 2,559 |
| Operating Margin | 46.83% | 47.75% | 47.08% | 37.66% | 35.28% | 38.47% | 38.51% | 37.98% |
| Earnings before Tax (EBT) 1 | 2,463 | 2,610 | 2,642 | 2,269 | 2,386 | 2,506 | 2,561 | 2,642 |
| Net income 1 | 1,935 | 2,010 | 2,111 | 1,645 | 1,820 | 1,908 | 1,949 | 2,001 |
| Net margin | 35.46% | 35.94% | 37.38% | 26.71% | 28.23% | 30.2% | 30.28% | 29.69% |
| EPS 2 | 0.9780 | 1.016 | 1.005 | 0.8316 | 0.9200 | 0.9642 | 0.9855 | 1.012 |
| Free Cash Flow 1 | 2,263 | 2,528 | 2,188 | 1,757 | 1,838 | 2,005 | 2,069 | 2,014 |
| FCF margin | 41.46% | 45.2% | 38.74% | 28.52% | 28.51% | 31.74% | 32.14% | 29.89% |
| FCF Conversion (EBITDA) | 64.6% | 70.88% | 61.5% | 54.16% | 56.25% | 57.33% | 58.29% | 55.57% |
| FCF Conversion (Net income) | 116.93% | 125.78% | 103.65% | 106.79% | 101% | 105.1% | 106.12% | 100.67% |
| Dividend per Share 2 | 0.7200 | 1.270 | 0.8200 | 0.7200 | 0.7200 | 0.7870 | 0.8004 | 0.8440 |
| Announcement Date | 2/18/20 | 2/22/21 | 2/22/22 | 2/16/23 | 2/27/24 | - | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q3 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|
| Net sales 1 | - | - | 1,583 |
| EBITDA | - | - | - |
| EBIT | - | - | - |
| Operating Margin | - | - | - |
| Earnings before Tax (EBT) 1 | - | - | 742.2 |
| Net income | 425.8 | 468.5 | - |
| Net margin | - | - | - |
| EPS 2 | 0.2152 | 0.2367 | 0.2236 |
| Dividend per Share | - | - | - |
| Announcement Date | 11/14/22 | 11/20/23 | 2/27/24 |
1MYR in Million2MYR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 141 | - | - | - | - | - | - |
| Net Cash position 1 | 123 | - | 335 | 191 | 375 | 835 | 1,280 | 1,037 |
| Leverage (Debt/EBITDA) | - | 0.0394 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,263 | 2,528 | 2,188 | 1,757 | 1,838 | 2,005 | 2,069 | 2,014 |
| ROE (net income / shareholders' equity) | 14.8% | 15.5% | 15.2% | 12.5% | 13.4% | 13.9% | 13.8% | 13.7% |
| ROA (Net income/ Total Assets) | 10.2% | 10.6% | 11.3% | 8.47% | 9.33% | 10.1% | 10.1% | 10.1% |
| Assets 1 | 18,930 | 18,964 | 18,765 | 19,437 | 19,504 | 18,976 | 19,254 | 19,808 |
| Book Value Per Share 2 | 6.690 | 6.390 | 6.620 | 6.640 | 6.850 | 7.030 | 7.210 | 7.330 |
| Cash Flow per Share 2 | 1.700 | 1.760 | 1.630 | 1.480 | 1.520 | 1.530 | 1.660 | 1.700 |
| Capex 1 | 1,094 | 964 | 1,032 | 1,169 | 1,167 | 1,113 | 1,153 | 1,144 |
| Capex / Sales | 20.05% | 17.24% | 18.26% | 18.98% | 18.11% | 17.62% | 17.91% | 16.98% |
| Announcement Date | 2/18/20 | 2/22/21 | 2/22/22 | 2/16/23 | 2/27/24 | - | - | - |
1MYR in Million2MYR
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
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
18.02
MYR
Average target price
18.35
MYR
Spread / Average Target
+1.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.56% | 7.46B | |
| +0.89% | 17.82B | |
| +28.35% | 16.42B | |
| -6.96% | 12.12B | |
| +10.84% | 9.44B | |
| +16.20% | 9.02B | |
| -2.58% | 7.06B | |
| +8.30% | 6.53B | |
| +7.30% | 5.06B | |
| -5.97% | 4.94B |
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