Asia300

PT Perusahaan Gas Negara (Persero) Tbk

Indonesia

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Aug 22, 2017
Prev close: 2,160
Aug 22, 2017
Market cap:
Market cap(USD):
52,361.65B
3,924.27M
Shares: 24,241.50M

Currency in IDR

Company profile

Market(Ticker): JKT(PGAS)
Sector:
Industry:
Industrial Services
Oil & Gas Pipelines
Full time employees: 2,242

Business summary

PT Perusahaan Gas Negara (Persero) Tbk engages in the distribution and transmission of natural gas. It operates through the following segments: Transmission/Transportation, Distribution/Commerce, Oil and Gas, and Other. The Transmission/Transportation segment offers natural gas. The Distribution/Commerce segment includes distribution and sales of natural gas to end users either for industrial, commercial, and household. The Oil and Gas segment involves in exploration, exploitation, and business development in the oil and gas field. The Other segment comprises of telecommunications; construction, and buildings and equipment management and leasing. The company was founded in May 13, 1965 and is headquartered in Jakarta, Indonesia.

Company background

State-owned Perusahaan Gas Negara is Indonesia's largest natural gas transmitter and distributor. The majority of the company's shares are owned by the Indonesian government, and PGN's largest customer is the power generation industry, which accounts for about 40% of total sales.

PGN went public in 2003, and is currently has one of the largest companies by market value on the Indonesia Stock Exchange. The company made headlines earlier this year after a government minister revealed plans to merge PGN with Pertamina, another state-owned oil and gas company. The plan was later canceled due to after backlash from various government officials and employees.

Having spent most of his career in the financial industry, Hendi Prio Santoso joined PGN from JP Morgan Securities Indonesia in 2007 as director of finances. In 2008, he was appointed president. The company has since shifted toward upstream businesses, acquiring gas and oil blocks both domestically and abroad.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 39,033.75B
Gross profit 10,072.82B
Operating income 5,943.43B
Income before tax 5,120.45B
Net income 4,047.63B
EBITDA 10,121.74B
Diluted EPS 172.90
Dividends per share 75.18
Total assets 92,073.12B
Total liabilities 49,362.69B
Total equity 42,615.87B
Operating cash flow 9,675.96B

Currency in IDR

Revenue 2,934.77M
Gross profit 757.33M
Operating income 446.86M
Income before tax 384.98M
Net income 304.32M
EBITDA 761.01M
Diluted EPS 0.01
Dividends per share 0.00
Total assets 6,834.15M
Total liabilities 3,663.95M
Total equity 3,163.17M
Operating cash flow 727.49M

Currency in USD

Valuation measures

Dec 2016

PER 15.61
ROA 4.45%
ROE 9.60%
Operating margin 15.22%
Profit margin 10.36%

Key executive

  • President Director: Jobi Triananda Hasjim
  • Director-Finance: Nusantara Suyono
  • Director-Infrastructure & Technology: Dilo Seno Widagdo
  • Director-Commerce: Danny Praditya
  • Director-Strategy & Business Development: Persistent Prakoso Soewarto

Share holders

  • Government of Indonesia(56.9%)
  • Eastspring Investments (Singapore) Ltd.(2.5%)
  • Matthews International Capital Management LLC(2.1%)
  • BlackRock Asset Management North Asia Ltd.(1.6%)
  • The Vanguard Group, Inc.(1.4%)
  • BlackRock Fund Advisors(0.8%)
  • Invesco Advisers, Inc.(0.6%)
  • Value Partners Ltd.(0.6%)
  • Templeton Asset Management Ltd. (Hong Kong)(0.4%)
  • Westwood International Advisors, Inc.(0.4%)

Address

  • Website: http://www.pgn.co.id
  • Address: The Manhattan Square, Jalan T.B. Simatupang Kav. 1S, Jakarta, 12540, Indonesia
  • Phone: +62.21.8064.1111

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