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Energy Minerals

Petrovietnam Gas JSC

  • 105,000.00 VND
  • +1,000.00
  • +0.96%
  • Vietnam
    Aug 23, 2019
  • Ticker
    STC(GAS)
  • Prev. close
    104,000
  • Market cap (VND)
    199,050.80B
  • Market cap (USD)
    8,580.14M
  • Shares
    1,913.94M

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

PetroVietnam Gas JSC engages in gathering, manufacturing, storing, distributing, and trading gas products. Its products include liquefied petroleum gas, dry gas, condensate, compressed natural gas, and liquefied natural gas. The firm also provides transportation, engine conversion, and maintenance and repair services for gas facility equipment. The company was founded on September 20, 1990 and is headquartered in Ho Chi Minh city, Vietnam.

Financial Highlights

Dec 2018 VNDUSD
Revenue75,611.54B3,283.75M
Gross Profit17,159.52B745.22M
Operating income13,724.70B596.05M
Income before tax14,539.92B631.45M
Net income11,312.77B491.30M
EBITDA16,553.20B718.89M
Diluted EPS5,910.750.25
Dividends Per Share4,0000.17
Total Assets62,614.42B2,699.47M
Total liabilities15,726.66B678.01M
Total equity45,072.75B1,943.20M
Operating cash flow13,780.26B598.46M
Currency in VNDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 73,375.14B 64,300.20B 59,076.19B 64,522.44B 75,611.54B
Gross Profit 19,911.77B 13,396.59B 11,128.29B 14,843.05B 17,159.52B
Operating income 17,340.97B 10,807.05B 8,576.98B 11,745.47B 13,724.70B
Income before tax 17,979.33B 11,198.63B 9,152.24B 12,588.03B 14,539.92B
Net income 13,819.26B 8,272.97B 6,783.22B 9,556.03B 11,312.77B
EBITDA 20,808.35B 13,915.25B 11,885.86B 14,458.76B 16,553.20B
Diluted EPS 7,292 4,367 3,548 4,994 5,910.75
Dividends Per Share 4,000 3,500 4,000 4,000 4,000
Total Assets 53,791.40B 56,714.60B 56,753.85B 61,889.34B 62,614.42B
Total liabilities 16,080.70B 13,794.18B 15,860.72B 18,597.48B 15,726.66B
Total equity 35,981.40B 41,061.64B 39,113.71B 41,489.66B 45,072.75B
Operating cash flow 17,813.93B 10,164.35B 6,031.65B 15,510.81B 13,780.26B
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 3,461.20M 2,932.67M 2,641.43M 2,840.29M 3,283.75M
Gross Profit 939.26M 611.00M 497.57M 653.39M 745.22M
Operating income 817.99M 492.89M 383.49M 517.03M 596.05M
Income before tax 848.10M 510.75M 409.21M 554.12M 631.45M
Net income 651.87M 377.32M 303.29M 420.65M 491.30M
EBITDA 981.55M 634.66M 531.44M 636.47M 718.89M
Diluted EPS 0.34 0.19 0.15 0.21 0.25
Dividends Per Share 0.18 0.15 0.17 0.17 0.17
Total Assets 2,515.08M 2,522.33M 2,492.37M 2,725.32M 2,699.47M
Total liabilities 751.87M 613.48M 696.53M 818.94M 678.01M
Total equity 1,682.35M 1,826.17M 1,717.69M 1,827.01M 1,943.20M
Operating cash flow 840.30M 463.58M 269.68M 682.79M 598.46M

Valuation Measures

Dec 2018
PER14.65
ROA18.17%
ROE26.13%
Operating margin18.15%
Profit margin14.96%

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%)
  • Norges Bank Investment Management (0.2%)
  • Dragon Capital Management Co. Ltd. (0.2%)
  • Sumitomo Mitsui DS Asset Management Co., Ltd. (0.2%)
  • Capital Asset Management Co., Ltd. (0.1%)
  • Daiwa Asset Management (Singapore) Ltd. (0.1%)
  • Seafarer Capital Partners LLC (0.0%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.0%)
  • Parametric Portfolio Associates LLC (0.0%)
  • Boston Management & Research (0.0%)

Contact Details

  • Website:http://www.pvgas.com.vn
  • Address: PV Gas Tower, 673 Nguyen Huu Tho Street, Ho Chi Minh City, 700000, Vietnam
  • Phone: +84.28.3781.6777

Related Companies

  • PetroVietnam Steel Pipe JSC
  • PetroVietnam Low Pressure Gas Distribution JSC

Competitors

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