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Industrial Services

PT Perusahaan Gas Negara (Persero) Tbk

  • 2,030.00 IDR
  • -60.00
  • -2.87%
  • Indonesia
    Jun 21, 2018
  • Ticker
    JKT(PGAS)
  • Prev. close
    2,090
  • Market cap (IDR)
    50,664.75B
  • Market cap (USD)
    3,592.48M
  • Shares
    24,241.50M

Company Background

State-owned Perusahaan Gas Negara is Indonesia's largest natural gas transmitter and distributor. The majority of the company's shares are owned by the Indonesian government, and PGN's largest customer is the power generation industry, which accounts for about 40% of total sales.

PGN went public in 2003, and is currently has one of the largest companies by market value on the Indonesia Stock Exchange. The company made headlines earlier this year after a government minister revealed plans to merge PGN with Pertamina, another state-owned oil and gas company. The plan was later canceled due to after backlash from various government officials and employees.

Having spent most of his career in the financial industry, Hendi Prio Santoso joined PGN from JP Morgan Securities Indonesia in 2007 as director of finances. In 2008, he was appointed president. The company has since shifted toward upstream businesses, acquiring gas and oil blocks both domestically and abroad.

Business Summary

PT Perusahaan Gas Negara (Persero) Tbk engages in the distribution and transmission of natural gas. It operates through The following business segments: Gas Distribution, Gas Transmission, Exploration and Production of Oil and Gas, and Other Operations. The Gas Distribution segment mainly involves in gas distribution purchased from gas suppliers and then supplies to the industrial, commercial and household customers. The Gas Transmission segment handles gas transmission for customers. The Exploration and Production of Oil and Gas segment explores, exploits, and develops business for oil and gas. The Other Operations segment provides processing of liquefied natural gas, fiber optic rental for network services and constructions; maintenance services to the customers and management; and leasing buildings and equipment. The company was founded in May 13, 1965 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2017 IDRUSD
Revenue39,738.46B2,969.59M
Gross Profit8,193.21B612.26M
Operating income4,747.10B354.74M
Income before tax3,687.35B275.55M
Net income1,915.55B143.14M
EBITDA10,914.10B815.59M
Diluted EPS80.290.00
Dividends Per Share31.610.00
Total Assets85,382.02B6,293.12M
Total liabilities42,143.58B3,106.21M
Total equity42,983.88B3,168.15M
Operating cash flow8,797.21B657.40M
Currency in IDRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 31,224.36B 38,597.57B 41,113.33B 39,033.75B 39,738.46B
Gross Profit 12,716.14B 13,720.28B 11,150.69B 10,072.82B 8,193.21B
Operating income 9,487.69B 10,014.59B 7,606.65B 5,943.43B 4,747.10B
Income before tax 11,134.84B 11,031.62B 5,936.76B 5,120.45B 3,687.35B
Net income 8,404.89B 8,437.29B 5,374.97B 4,047.63B 1,915.55B
EBITDA 11,524.78B 12,703.68B 11,599.31B 10,121.74B 10,914.10B
Diluted EPS 313.43 355.91 267.94 172.90 80.29
Dividends Per Share 210.40 144.84 91.32 75.18 31.61
Total Assets 52,550.18B 70,465.29B 89,533.88B 92,073.12B 85,382.02B
Total liabilities 20,042.36B 34,852.60B 47,864.52B 49,362.69B 42,143.58B
Total equity 30,295.04B 35,612.33B 41,635.60B 42,615.87B 42,983.88B
Operating cash flow 8,686.18B 9,719.52B 7,974.95B 9,675.96B 8,797.21B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,988.55M 3,253.38M 3,068.79M 2,934.77M 2,969.59M
Gross Profit 1,217.08M 1,156.48M 832.31M 757.33M 612.26M
Operating income 908.08M 844.13M 567.77M 446.86M 354.74M
Income before tax 1,065.73M 929.85M 443.13M 384.98M 275.55M
Net income 804.45M 711.17M 401.19M 304.32M 143.14M
EBITDA 1,103.06M 1,070.79M 865.79M 761.01M 815.59M
Diluted EPS 0.03 0.03 0.02 0.01 0.00
Dividends Per Share 0.02 0.01 0.00 0.00 0.00
Total Assets 4,318.01M 5,689.56M 6,495.02M 6,834.15M 6,293.12M
Total liabilities 1,646.86M 2,814.09M 3,472.21M 3,663.95M 3,106.21M
Total equity 2,489.32M 2,875.44M 3,020.35M 3,163.17M 3,168.15M
Operating cash flow 831.37M 819.25M 595.26M 727.49M 657.40M

Valuation Measures

Dec 2017
PER21.79
ROA2.15%
ROE4.47%
Operating margin11.94%
Profit margin4.82%

Key executives

  • President Director: Jobi Triananda Hasjim
  • Director-Finance: Nusantara Suyono
  • Director-Infrastructure & Technology: Dilo Seno Widagdo
  • Director-Commerce: Danny Praditya
  • Director-Strategy & Business Development: Persistent Prakoso Soewarto

Shareholders

  • Government of Indonesia (56.9%)
  • Eastspring Investments (Singapore) Ltd. (2.8%)
  • Matthews International Capital Management LLC (1.5%)
  • The Vanguard Group, Inc. (1.4%)
  • BlackRock Fund Advisors (0.9%)
  • Value Partners Ltd. (0.5%)
  • Westwood International Advisors, Inc. (0.4%)
  • Dimensional Fund Advisors LP (0.3%)
  • Templeton Asset Management Ltd. (Hong Kong) (0.3%)
  • BlackRock Advisors (UK) Ltd. (0.3%)

Contact Details

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Competitors

    Last Updated on 21 Jun, 2018

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