(TGS) Transportadora de Gas del - Ratings and Ratios

Exchange: NYSE • Country: Argentina • Currency: USD • Type: Common Stock • ISIN: US8938702045

Natural Gas Transportation, Natural Gas Liquids, Midstream Services, Telecommunications

Oil & Gas Storage & Transportation
Market Cap in USD: 4,803m

IPO / Inception: 1994-11-17
12m vs SPY: -14.3%

EPS (Earnings per Share)

EPS CAGR: -18.90%
EPS Trend: 21.1%

Last SUE: -2.52
Qual. Beats: 0

Revenue

Rev. CAGR: 100.76%
Rev. Trend: 89.7%

Last SUE: -0.04
Qual. Beats: 0

Dividends

Dividend Yield	3.58%
Yield on Cost 5y	17.91%
Yield CAGR 5y	%
Payout Consistency	36.3%
Payout Ratio	42.2%

Risk via 5d forecast
Volatility	50.7%
Value at Risk 5%th	74.0%
Relative Tail Risk	-11.25%

Reward TTM
Sharpe Ratio	0.18
Alpha	-30.35
CAGR/Max DD	1.01

Character TTM
Hurst Exponent	0.476
Beta	1.267
Beta Downside	1.283

Drawdowns 3y
Max DD	37.36%
Mean DD	11.31%
Median DD	9.33%

Description: TGS Transportadora de Gas del January 10, 2026

Transportadora de Gas del Sur S.A. (NYSE:TGS) is an Argentine-based energy infrastructure firm that transports natural gas, produces and sells natural gas liquids (NGLs), and offers midstream processing and telecommunications services. It operates through four segments: Natural Gas Transportation, Liquids Production & Commercialization, Midstream, and Telecommunications, and is a subsidiary of Compañía de Inversiones de Energía S.A.

The Natural Gas Transportation segment moves gas via a ~3,800-km pipeline network to distribution utilities, power generators, and industrial users, while also providing O&M services. The Liquids Production & Commercialization arm processes roughly 0.9 Mt of NGLs annually (ethane, LPG, propane, butane) and handles storage and dispatch. Midstream activities include gas conditioning, compression, and steam generation for power, and the Telecommunications unit delivers digital radio-relay data services to residential, commercial, and industrial customers.

Key drivers for TGS include Argentina’s persistent gas-demand growth (≈5 % YoY), the country’s high inflation and peso depreciation risk, and regulatory frameworks that affect tariff approvals for pipeline capacity. FY-2023 EBITDA margin was about 30 %, reflecting strong cash conversion, but earnings are sensitive to exchange-rate swings and government-set transport tariffs. For deeper quantitative analysis and valuation metrics, you may find additional insights on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (407.33b TTM) > 0 and > 6% of Revenue (6% = 90.26b TTM)

FCFTA 0.04 (>2.0%) and ΔFCFTA 3.93pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 57.79% (prev 45.97%; Δ 11.83pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 364.78b <= Net Income 407.33b (YES >=105%, WARN >=100%)

Net Debt (712.85b) to EBITDA (783.72b) ratio: 0.91 <= 3.0 (WARN <= 3.5)

Current Ratio 3.72 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (150.6m) change vs 12m ago 0.00% (target <= -2.0% for YES)

Gross Margin 53.96% (prev 48.50%; Δ 5.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 42.48% (prev 37.99%; Δ 4.49pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 11.56 (EBITDA TTM 783.72b / Interest Expense TTM 52.87b) >= 6 (WARN >= 3)

Altman Z'' 5.03

(A) 0.21 = (Total Current Assets 1188.56b - Total Current Liabilities 319.23b) / Total Assets 4104.98b

(B) 0.07 = Retained Earnings (Balance) 275.23b / Total Assets 4104.98b

(D) 2.16 = Book Value of Equity 2851.43b / Total Liabilities 1320.16b

Total Rating: 5.03 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.39

1. Piotroski 6.0pt

2. FCF Yield 2.08%

3. FCF Margin 10.74%

4. Debt/Equity 0.28

5. Debt/Ebitda 0.91

6. ROIC - WACC (= 3.36)%

7. RoE 16.17%

8. Rev. Trend 89.65%

9. EPS Trend 21.06%

What is the price of TGS shares?

As of January 13, 2026, the stock is trading at USD 29.45 with a total of 81,348 shares traded.
Over the past week, the price has changed by -4.32%, over one month by -7.42%, over three months by +22.81% and over the past year by +3.63%.

Is TGS a buy, sell or hold?

Transportadora de Gas del has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold TGS.

Strong Buy: 1
Buy: 0
Hold: 0
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the TGS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	36.2	22.9%
Analysts Target Price	36.2	22.9%
ValueRay Target Price	38.1	29.2%

TGS Fundamental Data Overview January 09, 2026

Market Cap ARS = 7034.59b (4.80b USD * 1464.75 USD.ARS)
P/E Trailing = 18.0964
P/S = 0.0038
P/B = 2.3011
Beta = -0.262
Revenue TTM = 1504.28b ARS
EBIT TTM = 610.90b ARS
EBITDA TTM = 783.72b ARS
Long Term Debt = 667.21b ARS (from longTermDebt, last quarter)
Short Term Debt = 117.23b ARS (from shortTermDebt, last quarter)
Debt = 785.88b ARS (from shortLongTermDebtTotal, last quarter)
Net Debt = 712.85b ARS (from netDebt column, last quarter)
Enterprise Value = 7754.05b ARS (7034.59b + Debt 785.88b - CCE 66.42b)
Interest Coverage Ratio = 11.56 (Ebit TTM 610.90b / Interest Expense TTM 52.87b)
EV/FCF = 48.01x (Enterprise Value 7754.05b / FCF TTM 161.52b)
FCF Yield = 2.08% (FCF TTM 161.52b / Enterprise Value 7754.05b)
FCF Margin = 10.74% (FCF TTM 161.52b / Revenue TTM 1504.28b)
Net Margin = 27.08% (Net Income TTM 407.33b / Revenue TTM 1504.28b)
Gross Margin = 53.96% ((Revenue TTM 1504.28b - Cost of Revenue TTM 692.59b) / Revenue TTM)
Gross Margin QoQ = 52.14% (prev 52.01%)
Tobins Q-Ratio = 1.89 (Enterprise Value 7754.05b / Total Assets 4104.98b)
Interest Expense / Debt = 0.62% (Interest Expense 4.87b / Debt 785.88b)
Taxrate = 33.27% (55.86b / 167.92b)
NOPAT = 407.67b (EBIT 610.90b * (1 - 33.27%))
Current Ratio = 3.72 (Total Current Assets 1188.56b / Total Current Liabilities 319.23b)
Debt / Equity = 0.28 (Debt 785.88b / totalStockholderEquity, last quarter 2784.81b)
Debt / EBITDA = 0.91 (Net Debt 712.85b / EBITDA 783.72b)
Debt / FCF = 4.41 (Net Debt 712.85b / FCF TTM 161.52b)
Total Stockholder Equity = 2519.69b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.50% (Net Income 407.33b / Total Assets 4104.98b)
RoE = 16.17% (Net Income TTM 407.33b / Total Stockholder Equity 2519.69b)
RoCE = 19.17% (EBIT 610.90b / Capital Employed (Equity 2519.69b + L.T.Debt 667.21b))
RoIC = 12.92% (NOPAT 407.67b / Invested Capital 3154.48b)
WACC = 9.57% (E(7034.59b)/V(7820.48b) * Re(10.59%) + D(785.88b)/V(7820.48b) * Rd(0.62%) * (1-Tc(0.33)))
Discount Rate = 10.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 63.48% ; FCFF base≈96.97b ; Y1≈63.65b ; Y5≈29.04b
Fair Price DCF = N/A (negative equity: EV 447.17b - Net Debt 712.85b = -265.68b; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 21.06 | EPS CAGR: -18.90% | SUE: -2.52 | # QB: 0
Revenue Correlation: 89.65 | Revenue CAGR: 100.8% | SUE: -0.04 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.59 | Chg30d=+0.310 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=2.39 | Chg30d=+0.143 | Revisions Net=-2 | Growth EPS=+31.9% | Growth Revenue=+7.8%

Additional Sources for TGS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle