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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 2021 VNDUSD
Revenue78,992.15B3,444.19M
Gross Profit13,878.25B605.11M
Operating income10,373.99B452.32M
Income before tax11,204.99B488.55M
Net income8,338.04B363.55M
EBITDA13,598.24B592.90M
Diluted EPS4,356.450.18
Dividends Per Share3,0000.13
Total Assets78,768.07B3,456.25M
Total liabilities26,571.65B1,165.93M
Total equity51,094.25B2,241.95M
Operating cash flow8,592.85B374.66M
Currency in VNDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 64,522.44B 75,611.54B 75,005.29B 64,134.96B 78,992.15B
Gross Profit 14,843.05B 17,159.52B 16,565.39B 11,237.10B 13,878.25B
Operating income 11,745.47B 13,724.70B 13,648.96B 8,693.80B 10,373.99B
Income before tax 12,588.03B 14,539.92B 15,068.26B 9,978.06B 11,204.99B
Net income 9,556.03B 11,312.77B 11,754.97B 7,709.21B 8,338.04B
EBITDA 14,458.76B 16,553.20B 16,340.31B 11,247.90B 13,598.24B
Diluted EPS 4,994 5,910.75 6,141.79 4,027.90 4,356.45
Dividends Per Share 4,000 4,000 5,800 3,000 3,000
Total Assets 61,889.34B 62,614.42B 62,178.78B 63,208.40B 78,768.07B
Total liabilities 18,597.48B 15,726.66B 12,548.42B 13,699.02B 26,571.65B
Total equity 41,489.66B 45,072.75B 48,506.96B 48,435.62B 51,094.25B
Operating cash flow 15,510.81B 13,780.26B 14,151.20B 8,864.86B 8,592.85B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,840.29M 3,283.75M 3,229.11M 2,760.17M 3,444.19M
Gross Profit 653.39M 745.22M 713.17M 483.61M 605.11M
Operating income 517.03M 596.05M 587.61M 374.15M 452.32M
Income before tax 554.12M 631.45M 648.71M 429.42M 488.55M
Net income 420.65M 491.30M 506.07M 331.78M 363.55M
EBITDA 636.47M 718.89M 703.48M 484.07M 592.90M
Diluted EPS 0.21 0.25 0.26 0.17 0.18
Dividends Per Share 0.17 0.17 0.24 0.12 0.13
Total Assets 2,725.32M 2,699.47M 2,683.30M 2,738.36M 3,456.25M
Total liabilities 818.94M 678.01M 541.52M 593.48M 1,165.93M
Total equity 1,827.01M 1,943.20M 2,093.29M 2,098.36M 2,241.95M
Operating cash flow 682.79M 598.46M 609.23M 381.51M 374.66M

Valuation Measures

Dec 2021
PER22.08
ROA11.74%
ROE16.75%
Operating margin13.13%
Profit margin10.55%

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

  • Dragon Capital Management Co. Ltd. (0.5%)
  • Seafarer Capital Partners LLC (0.5%)
  • Norges Bank Investment Management (0.2%)
  • Capital Asset Management Co., Ltd. (0.1%)
  • CTBC Investments Co., Ltd. (0.0%)
  • Jih Sun Securities Investment Trust Co., Ltd. (0.0%)
  • Tian Hong Asset Management Co., Ltd. (0.0%)
  • Sumitomo Mitsui DS Asset Management Co., Ltd. (0.0%)
  • Bellecapital Partners AG (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
  • PetroVietnam Low Pressure Gas Distribution JSC

Competitors

    Last Updated on 4 Oct, 2022

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