Petrovietnam Gas JSC
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Company Background
PetroVietnam Gas is one of Vietnam's largest state-run companies. A member of Vietnam National Oil and Gas Group, PetroVietnam Gas is the largest natural gas company in the country. PetroVietnam Gas runs integrated operations, from drilling for gas through to marketing. It controls nearly 70% of the domestic market for liquefied petroleum gas and has a market capitalization of about $9 billion, making it one of the largest publicly traded Vietnamese companies.
PetroVietnam Gas was listed on the Hochiminh Stock Exchange in 2012. It is 97% owned by the Vietnamese government with the remainder held mostly by foreign investors. Prime Minister Nguyen Tan Dung has plans to sell off a 20% interest in the company.
Because of its high domestic market share, PetroVietnam Gas boasts formidable price bargaining power. Its net profit margin is more than 10%. In 2013, the company was compelled to slash prices amid public criticism that it was making too much money.
The company is actively pursuing a policy of collaborating with foreign companies. In June 2014, it signed a liquefied natural gas trading contract with Royal Dutch Shell. In 2012, it teamed up with Tokyo Gas.
President and CEO Do Khang Ninh, 54, is an expert on oil transport and storage and earned a masters degree in Russia.
Business Summary
Financial Highlights
| Dec 2019 | VND | USD |
| Revenue | 75,005.29B | 3,229.11M |
| Gross Profit | 16,565.39B | 713.17M |
| Operating income | 13,648.96B | 587.61M |
| Income before tax | 15,068.26B | 648.71M |
| Net income | 11,754.97B | 506.07M |
| EBITDA | 16,340.31B | 703.48M |
| Diluted EPS | 6,141.79 | 0.26 |
| Dividends Per Share | 5,800 | 0.24 |
| Total Assets | 62,178.78B | 2,683.30M |
| Total liabilities | 12,548.42B | 541.52M |
| Total equity | 48,506.96B | 2,093.29M |
| Operating cash flow | 14,151.20B | 609.23M |
| Currency in VND | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 64,300.20B | 59,076.19B | 64,522.44B | 75,611.54B | 75,005.29B |
| Gross Profit | 13,396.59B | 11,128.29B | 14,843.05B | 17,159.52B | 16,565.39B |
| Operating income | 10,807.05B | 8,576.98B | 11,745.47B | 13,724.70B | 13,648.96B |
| Income before tax | 11,198.63B | 9,152.24B | 12,588.03B | 14,539.92B | 15,068.26B |
| Net income | 8,272.97B | 6,783.22B | 9,556.03B | 11,312.77B | 11,754.97B |
| EBITDA | 13,915.25B | 11,885.86B | 14,458.76B | 16,553.20B | 16,340.31B |
| Diluted EPS | 4,367 | 3,548 | 4,994 | 5,910.75 | 6,141.79 |
| Dividends Per Share | 3,500 | 4,000 | 4,000 | 4,000 | 5,800 |
| Total Assets | 56,714.60B | 56,753.85B | 61,889.34B | 62,614.42B | 62,178.78B |
| Total liabilities | 13,794.18B | 15,860.72B | 18,597.48B | 15,726.66B | 12,548.42B |
| Total equity | 41,061.64B | 39,113.71B | 41,489.66B | 45,072.75B | 48,506.96B |
| Operating cash flow | 10,164.35B | 6,031.65B | 15,510.81B | 13,780.26B | 14,151.20B |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 2,932.67M | 2,641.43M | 2,840.29M | 3,283.75M | 3,229.11M |
| Gross Profit | 611.00M | 497.57M | 653.39M | 745.22M | 713.17M |
| Operating income | 492.89M | 383.49M | 517.03M | 596.05M | 587.61M |
| Income before tax | 510.75M | 409.21M | 554.12M | 631.45M | 648.71M |
| Net income | 377.32M | 303.29M | 420.65M | 491.30M | 506.07M |
| EBITDA | 634.66M | 531.44M | 636.47M | 718.89M | 703.48M |
| Diluted EPS | 0.19 | 0.15 | 0.21 | 0.25 | 0.26 |
| Dividends Per Share | 0.15 | 0.17 | 0.17 | 0.17 | 0.24 |
| Total Assets | 2,522.33M | 2,492.37M | 2,725.32M | 2,699.47M | 2,683.30M |
| Total liabilities | 613.48M | 696.53M | 818.94M | 678.01M | 541.52M |
| Total equity | 1,826.17M | 1,717.69M | 1,827.01M | 1,943.20M | 2,093.29M |
| Operating cash flow | 463.58M | 269.68M | 682.79M | 598.46M | 609.23M |
Valuation Measures
| Dec 2019 | |
| PER | 15.25 |
| ROA | 18.83% |
| ROE | 25.12% |
| Operating margin | 18.19% |
| Profit margin | 15.67% |
Key executives
- Chief Executive Officer & Director: Son Manh Duong
- Head-Finance Division: Luan Cong Nguyen
- Deputy Chief Executive Officer: Huy Quoc Nguyen
- Deputy Chief Executive Officer: Nghi Thanh Nguyen
- Deputy Chief Executive Officer: Quang Ngoc Bui
Shareholders
- Government of Vietnam (95.7%)
- Seafarer Capital Partners LLC (0.4%)
- Dragon Capital Management Co. Ltd. (0.2%)
- Norges Bank Investment Management (0.2%)
- Capital Asset Management Co., Ltd. (0.2%)
- Sumitomo Mitsui DS Asset Management Co., Ltd. (0.1%)
- Daiwa Asset Management (Singapore) Ltd. (0.0%)
- Asset Management One Co., Ltd. (0.0%)
- JPMorgan Asset Management (Singapore) Ltd. (0.0%)
- Boston Management & Research (0.0%)
Contact Details
- Website:http://www.pvgas.com.vn
- Address: 12F, 12AF & 15F PV Gas Tower, 673 Nguyen Huu Tho Street, Ho Chi Minh City, 70000, Vietnam
- Phone: +84.28.3781.6777
Related Companies
- PetroVietnam Steel Pipe JSC
- PetroVietnam Low Pressure Gas Distribution JSC
Competitors
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Last Updated on 18 Sep, 2020