Company Valuation: PETRONAS Gas

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,617 33,876 34,430 34,984 35,894 34,628 - -
Change - -4.89% 1.64% 1.61% 2.6% -3.53% - -
Enterprise Value (EV) 1 35,282 33,685 34,054 34,237 35,480 33,628 33,144 32,799
Change - -4.52% 1.1% 0.54% 3.63% -5.22% -1.44% -1.04%
P/E 17.9x 20.6x 18.9x 19.1x 20.8x 18.9x 18.3x 18x
PBR 2.72x 2.58x 2.54x 2.51x 2.52x 2.36x 2.29x 2.24x
PEG - -1.2x 1.8x 21.97x -3.5x 2.97x 6.17x 10.5x
Capitalization / Revenue 6.31x 5.5x 5.34x 5.35x 5.63x 5.27x 5.22x 5.18x
EV / Revenue 6.25x 5.47x 5.28x 5.24x 5.57x 5.12x 5x 4.91x
EV / EBITDA 9.92x 10.4x 10.4x 10.2x 10.2x 9.39x 9.07x 8.75x
EV / EBIT 13.3x 14.5x 15x 14.9x 15.8x 14.5x 14x 13.7x
EV / FCF 16.1x 19.2x 18.5x 18.2x 40.8x 19.5x 19.2x 18.2x
FCF Yield 6.2% 5.22% 5.4% 5.48% 2.45% 5.14% 5.21% 5.49%
Dividend per Share 2 0.82 0.72 0.72 0.72 0.72 0.7279 0.7212 0.7503
Rate of return 4.56% 4.21% 4.14% 4.07% 3.97% 4.16% 4.12% 4.29%
EPS 2 1.005 0.8316 0.92 0.928 0.8728 0.9283 0.9559 0.9722
Distribution rate 81.6% 86.6% 78.3% 77.6% 82.5% 78.4% 75.4% 77.2%
Net sales 1 5,649 6,160 6,445 6,538 6,374 6,569 6,634 6,684
EBITDA 1 3,558 3,245 3,267 3,355 3,473 3,580 3,655 3,750
EBIT 1 2,660 2,320 2,274 2,303 2,249 2,326 2,371 2,398
Net income 1 2,111 1,645 1,820 1,836 1,727 1,850 1,913 1,947
Net Debt 1 -335.3 -190.5 -375.5 -747.3 -414.1 -999.6 -1,484 -1,829
Reference price 2 18.00 17.12 17.40 17.68 18.14 17.50 17.50 17.50
Nbr of stocks (in thousands) 1,978,732 1,978,732 1,978,732 1,978,732 1,978,732 1,978,732 - -
Announcement Date 22/02/22 16/02/23 27/02/24 21/02/25 24/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.8x2.05x7.39x6.1% 31.83B
19.14x7.42x14.29x2.49% 27.38B
15.85x1.4x9.89x2.1% 15.14B
16.77x1.1x7.64x1.86% 13.68B
11.61x0.91x9.14x3.94% 11.81B
44.92x8.49x11.92x5.48% 10.15B
18.49x5.02x9.21x4.24% 8.28B
11.06x3.94x6.68x2.72% 7.59B
Average 18.95x 3.79x 9.52x 3.62% 15.73B
Weighted average by Cap. 17.98x 3.76x 9.82x 3.79%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!