ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Energy Minerals

Petrovietnam Gas JSC

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 2020 VNDUSD
Revenue64,134.96B2,760.17M
Gross Profit11,237.10B483.61M
Operating income8,693.80B374.15M
Income before tax9,978.06B429.42M
Net income7,709.21B331.78M
EBITDA11,247.90B484.07M
Diluted EPS4,027.900.17
Dividends Per Share3,0000.12
Total Assets63,208.40B2,738.36M
Total liabilities13,699.02B593.48M
Total equity48,435.62B2,098.36M
Operating cash flow8,864.86B381.51M
Currency in VNDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 59,076.19B 64,522.44B 75,611.54B 75,005.29B 64,134.96B
Gross Profit 11,128.29B 14,843.05B 17,159.52B 16,565.39B 11,237.10B
Operating income 8,576.98B 11,745.47B 13,724.70B 13,648.96B 8,693.80B
Income before tax 9,152.24B 12,588.03B 14,539.92B 15,068.26B 9,978.06B
Net income 6,783.22B 9,556.03B 11,312.77B 11,754.97B 7,709.21B
EBITDA 11,885.86B 14,458.76B 16,553.20B 16,340.31B 11,247.90B
Diluted EPS 3,548 4,994 5,910.75 6,141.79 4,027.90
Dividends Per Share 4,000 4,000 4,000 5,800 3,000
Total Assets 56,753.85B 61,889.34B 62,614.42B 62,178.78B 63,208.40B
Total liabilities 15,860.72B 18,597.48B 15,726.66B 12,548.42B 13,699.02B
Total equity 39,113.71B 41,489.66B 45,072.75B 48,506.96B 48,435.62B
Operating cash flow 6,031.65B 15,510.81B 13,780.26B 14,151.20B 8,864.86B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 2,641.43M 2,840.29M 3,283.75M 3,229.11M 2,760.17M
Gross Profit 497.57M 653.39M 745.22M 713.17M 483.61M
Operating income 383.49M 517.03M 596.05M 587.61M 374.15M
Income before tax 409.21M 554.12M 631.45M 648.71M 429.42M
Net income 303.29M 420.65M 491.30M 506.07M 331.78M
EBITDA 531.44M 636.47M 718.89M 703.48M 484.07M
Diluted EPS 0.15 0.21 0.25 0.26 0.17
Dividends Per Share 0.17 0.17 0.17 0.24 0.12
Total Assets 2,492.37M 2,725.32M 2,699.47M 2,683.30M 2,738.36M
Total liabilities 696.53M 818.94M 678.01M 541.52M 593.48M
Total equity 1,717.69M 1,827.01M 1,943.20M 2,093.29M 2,098.36M
Operating cash flow 269.68M 682.79M 598.46M 609.23M 381.51M

Valuation Measures

Dec 2020
PER21.50
ROA12.29%
ROE15.90%
Operating margin13.55%
Profit margin12.02%

Key executives

  • Chief Executive Officer & Director: Quang Van Hoang
  • 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 (0.5%)
  • Dragon Capital Management Co. Ltd. (0.3%)
  • Norges Bank Investment Management (0.1%)
  • Capital Asset Management Co., Ltd. (0.1%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.0%)
  • Evli Fund Management Co. Ltd. (0.0%)
  • Sumitomo Mitsui DS Asset Management Co., Ltd. (0.0%)
  • VietFund Management Co. (Investment Management) (0.0%)
  • Daiwa Asset Management (Singapore) Ltd. (0.0%)

Contact Details

  • Website:http://www.pvgas.com.vn
  • Address: 12F, 12A, 14F & 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

Competitors

    Last Updated on 6 Dec, 2021

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more