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Energy Minerals

Petrovietnam Gas JSC

  • 99,600.00 VND
  • +4,600.00
  • +4.84%
  • Vietnam
    Nov 9, 2018
  • Ticker
    STC(GAS)
  • Prev. close
    95,000
  • Market cap (VND)
    181,825.00B
  • Market cap (USD)
    7,796.13M
  • Shares
    1,913.95M

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 2017 VNDUSD
Revenue64,522.44B2,840.29M
Gross Profit14,843.05B653.39M
Operating income11,745.47B517.03M
Income before tax12,588.03B554.12M
Net income9,556.03B420.65M
EBITDA14,458.76B636.47M
Diluted EPS4,9940.21
Dividends Per Share4,0000.17
Total Assets61,889.34B2,725.32M
Total liabilities18,597.48B818.94M
Total equity41,489.66B1,827.01M
Operating cash flow15,510.81B682.79M
Currency in VNDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 65,399.68B 73,375.14B 64,300.20B 59,076.19B 64,522.44B
Gross Profit 17,232.23B 19,911.77B 13,396.59B 11,128.29B 14,843.05B
Operating income 13,873.76B 17,340.97B 10,807.05B 8,576.98B 11,745.47B
Income before tax 15,582.75B 17,979.33B 11,198.63B 9,152.24B 12,588.03B
Net income 12,276.44B 13,819.26B 8,272.97B 6,783.22B 9,556.03B
EBITDA 17,212.03B 20,808.35B 13,915.25B 11,885.86B 14,458.76B
Diluted EPS 6,478 7,292 4,367 3,548 4,994
Dividends Per Share 4,200 4,000 3,500 4,000 4,000
Total Assets 50,378.93B 53,791.40B 56,714.60B 56,753.85B 61,889.34B
Total liabilities 15,338.65B 16,080.70B 13,794.18B 15,860.72B 18,597.48B
Total equity 33,358.03B 35,981.40B 41,061.64B 39,113.71B 41,489.66B
Operating cash flow 15,695.52B 17,813.93B 10,164.35B 6,031.65B 15,510.81B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 3,109.69M 3,461.20M 2,932.67M 2,641.43M 2,840.29M
Gross Profit 819.37M 939.26M 611.00M 497.57M 653.39M
Operating income 659.68M 817.99M 492.89M 383.49M 517.03M
Income before tax 740.94M 848.10M 510.75M 409.21M 554.12M
Net income 583.73M 651.87M 377.32M 303.29M 420.65M
EBITDA 818.41M 981.55M 634.66M 531.44M 636.47M
Diluted EPS 0.30 0.34 0.19 0.15 0.21
Dividends Per Share 0.19 0.18 0.15 0.17 0.17
Total Assets 2,388.19M 2,515.08M 2,522.33M 2,492.37M 2,725.32M
Total liabilities 727.12M 751.87M 613.48M 696.53M 818.94M
Total equity 1,581.32M 1,682.35M 1,826.17M 1,717.69M 1,827.01M
Operating cash flow 746.30M 840.30M 463.58M 269.68M 682.79M

Valuation Measures

Dec 2017
PER19.50
ROA16.10%
ROE23.71%
Operating margin18.20%
Profit margin14.81%

Key executives

  • Chief Executive Officer & Director: Son Manh Duong
  • Deputy Chief Executive Officer: Huy Quoc Nguyen
  • Deputy Chief Executive Officer: Nghi Thanh Nguyen
  • Deputy Chief Executive Officer: Quang Ngoc Bui
  • Deputy Chief Executive Officer: Vu Tung Ho

Shareholders

  • Government of Vietnam (95.7%)
  • Norges Bank Investment Management (0.3%)
  • Dragon Capital Management Co. Ltd. (0.2%)
  • Daiwa Asset Management (Singapore) Ltd. (0.2%)
  • Capital Asset Management Co., Ltd. (0.0%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.0%)
  • Parametric Portfolio Associates LLC (0.0%)
  • William Blair Investment Management LLC (0.0%)
  • Sumitomo Mitsui Asset Management Co., Ltd. (0.0%)
  • VAM Vietnam Fund Management JSC (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: +84.8.3781.6777

Related Companies

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

Competitors

    Last Updated on 9 Nov, 2018

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