(TGS) Transportadora de Gas del - Overview
Sector: Energy | Industry: Oil & Gas Integrated | Exchange: NYSE (USA) | Market Cap: 4.511m USD | Total Return: -2.9% in 12m
Avg Turnover: 8.79M
EPS Trend: 71.6%
Qual. Beats: 1
Rev. Trend: 94.3%
Qual. Beats: 0
Warnings
Share dilution 400.0% YoY
Below Avwap Earnings
Tailwinds
Confidence
Transportadora de Gas del Sur S.A. (TGS) is a primary energy infrastructure provider in Argentina, operating an extensive pipeline network to transport natural gas to distributors, industrial clients, and power plants. The company’s business model is diversified across four core segments: natural gas transportation, liquids production and commercialization, midstream services, and telecommunications. Its liquids division processes ethane, propane, butane, and natural gasoline for both domestic and international markets.
As a midstream operator, the company functions as a critical link between upstream production basins and downstream consumption centers, often earning revenue through regulated tariffs and fee-based service contracts. The midstream sector typically requires high capital expenditure for infrastructure maintenance but benefits from long-term volume commitments. TGS also provides essential gas conditioning and compression services, which are necessary to meet pipeline quality standards before fuel reaches end-users.
Investors can further examine the companys valuation metrics and historical performance on ValueRay. Since its incorporation in 1992, TGS has expanded its technical capabilities to include steam generation for electricity and digital radio relay networks for data transmission.
- Regulated tariff adjustments impact natural gas transportation revenue and margins
- Vaca Muerta shale production growth drives midstream and liquids expansion
- Argentine macroeconomic volatility and currency devaluation affect dollarized earnings
- Global natural gas liquid prices dictate export profitability and cash flow
- Government energy policy and regulatory framework shifts influence long-term investment capital
| Net Income: 459b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -4.08 > 1.0 |
| NWC/Revenue: 98.98% < 20% (prev 53.84%; Δ 45.14% < -1%) |
| CFO/TA 0.09 > 3% & CFO 501b > Net Income 459b |
| Net Debt (1319b) to EBITDA (1010b): 1.31 < 3 |
| Current Ratio: 5.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (752.8m) vs 12m ago 400.0% < -2% |
| Gross Margin: 54.27% > 18% (prev 0.55%; Δ 5.37k% > 0.5%) |
| Asset Turnover: 37.84% > 50% (prev 38.17%; Δ -0.33% > 0%) |
| Interest Coverage Ratio: 7.48 > 6 (EBITDA TTM 1010b / Interest Expense TTM 106b) |
| A: 0.31 (Total Current Assets 2234b - Total Current Liabilities 437b) / Total Assets 5850b |
| B: 0.11 (Retained Earnings 621b / Total Assets 5850b) |
| C: 0.16 (EBIT TTM 791b / Avg Total Assets 4798b) |
| D: 0.27 (Book Value of Equity 621b / Total Liabilities 2266b) |
| Altman-Z'' = 3.76 = AA |
| DSRI: 1.12 (Receivables 224b/157b, Revenue 1816b/1430b) |
| GMI: 1.01 (GM 54.27% / 54.77%) |
| AQI: 2.30 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 1.27 (Revenue 1816b / 1430b) |
| TATA: -0.01 (NI 459b - CFO 501b) / TA 5850b) |
| Beneish M = -1.96 (Cap -4..+1) = B |
As of May 25, 2026, the stock is trading at USD 29.96 with a total of 764,385 shares traded.
Over the past week, the price has changed by -1.19%,
over one month by -5.28%,
over three months by -2.02% and
over the past year by -2.93%.
Transportadora de Gas del has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold TGS.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 38.2 | 27.5% |
P/E Trailing = 14.4038
P/E Forward = 8.5616
P/S = 0.0025
P/B = 1.7605
Revenue TTM = 1816b ARS
EBIT TTM = 791b ARS
EBITDA TTM = 1010b ARS
Long Term Debt = 1409b ARS (from longTermDebt, last quarter)
Short Term Debt = 162b ARS (from shortLongTermDebt, last quarter)
Debt = 1682b ARS (from shortLongTermDebtTotal, last fiscal year) + Leases 9.80b
Net Debt = 1319b ARS (calculated: Debt 1682b - CCE 363b)
Enterprise Value = 7621b ARS (6302b + Debt 1682b - CCE 363b)
Interest Coverage Ratio = 7.48 (Ebit TTM 791b / Interest Expense TTM 106b)
EV/FCF = 52.87x (Enterprise Value 7621b / FCF TTM 144b)
FCF Yield = 1.89% (FCF TTM 144b / Enterprise Value 7621b)
FCF Margin = 7.94% (FCF TTM 144b / Revenue TTM 1816b)
Net Margin = 25.30% (Net Income TTM 459b / Revenue TTM 1816b)
Gross Margin = 54.27% ((Revenue TTM 1816b - Cost of Revenue TTM 830b) / Revenue TTM)
Gross Margin QoQ = 58.25% (prev 54.25%)
Tobins Q-Ratio = 1.30 (Enterprise Value 7621b / Total Assets 5850b)
Interest Expense / Debt = 6.29% (Interest Expense 106b / Debt 1682b)
Taxrate = 38.87% (102b / 262b)
NOPAT = 483b (EBIT 791b * (1 - 38.87%))
Current Ratio = 5.11 (Total Current Assets 2234b / Total Current Liabilities 437b)
Debt / Equity = 0.47 (Debt 1682b / totalStockholderEquity, last quarter 3583b)
Debt / EBITDA = 1.31 (Net Debt 1319b / EBITDA 1010b)
Debt / FCF = 9.15 (Net Debt 1319b / FCF TTM 144b)
Total Stockholder Equity = 3006b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.57% (Net Income 459b / Total Assets 5850b)
RoE = 15.28% (Net Income TTM 459b / Total Stockholder Equity 3006b)
RoCE = 17.91% (EBIT 791b / Capital Employed (Equity 3006b + L.T.Debt 1409b))
RoIC = 8.59% (NOPAT 483b / Invested Capital 5625b)
WACC = 7.16% (E(6302b)/V(7985b) * Re(8.04%) + D(1682b)/V(7985b) * Rd(6.29%) * (1-Tc(0.39)))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 44.72 | Cagr: 104.5%
[DCF] Terminal Value 73.10% ; FCFF base≈185b ; Y1≈162b ; Y5≈131b
[DCF] Fair Price = 11.2k (EV 2099b - Net Debt 1319b = Equity 780b / Shares 69.5m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 71.57 | EPS CAGR: 121.6% | SUE: 1.16 | # QB: 1
Revenue Correlation: 94.34 | Revenue CAGR: 52.30% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.84 | Chg30d=+32.38% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.88 | Chg30d=+51.22% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.13 | Chg30d=+27.55% | Revisions=+20% | GrowthEPS=+58.3% | GrowthRev=+7.2%
EPS next Year (2027-12-31): EPS=2.74 | Chg30d=+0.60% | Revisions=+33% | GrowthEPS=-12.4% | GrowthRev=+8.9%
[Analyst] Revisions Ratio: +33%