PETRONAS GAS BHD
KLSE (MYR): PETGAS (6033)
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Last Price
17.38
Today's Change
-0.08 (0.46%)
Day's Change
17.38 - 17.46
Trading Volume
5,300
Financial
Market Cap
Market Cap
34,389 Million
NOSH
1,979 Million
Latest Quarter
Latest Quarter
30-Sep-2024 [#3]
Announcement Date
27-Nov-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
27-Feb-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
5.26% | 5.38%
T4Q Result
Revenue | NP to SH
6,505,642.000 | 1,860,904.000
RPS | P/RPS
328.79 Cent | 5.29
EPS | P/E | EY
94.05 Cent | 18.48 | 5.41%
DPS | DY | Payout %
72.00 Cent | 4.14% | 76.56%
NAPS | P/NAPS
7.00 | 2.48
QoQ | YoY
1.37% | 3.93%
NP Margin | ROE
30.28% | 13.43%
F.Y. | Ann. Date
30-Sep-2024 | 27-Nov-2024
Latest Audited Result
Latest Audited Result
31-Dec-2023
Announcement Date
22-Mar-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
22-Mar-2025
Est. Ann. Due Date
29-Jun-2025
Annual (Unaudited)
Revenue | NP to SH
6,445,423.000 | 1,819,600.000
RPS | P/RPS
325.75 Cent | 5.34
EPS | P/E | EY
91.96 Cent | 18.90 | 5.29%
DPS | DY | Payout %
72.00 Cent | 4.14% | 78.30%
NAPS | P/NAPS
6.85 | 2.54
YoY
10.58%
NP Margin | ROE
29.49% | 13.42%
F.Y. | Ann. Date
31-Dec-2023 | 27-Feb-2024
Annualized Result
Revenue | NP to SH
6,563,741.333 | 1,892,417.333
RPS | P/RPS
331.73 Cent | 5.24
EPS | P/E | EY
95.64 Cent | 18.17 | 5.50%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
2.22% | 3.0%
NP Margin | ROE
30.56% | 13.66%
F.Y. | Ann. Date
30-Sep-2024 | 27-Nov-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 4 / 4 | 100.00% | 4 / 8 | 50.00% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 3 / 4 | 75.00% | 3 / 8 | 37.50% |
| Continuous Quarters Of Adjusted EPS Growth | 3 / 4 | 75.00% | 3 / 8 | 37.50% |
| Total Dividend Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Dividend | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Dividend Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Adjusted Dps Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Average ROE | 3.40% | 3.39% | ||
| Average Net Profit Margin | 30.27% | 29.76% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 4 / 5 | 80.00% | 4 / 10 | 40.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Profit Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Continuous Quarters Of Adjusted EPS Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Average ROE | 14.33% | 14.93% | ||
| Average Net Profit Margin | 33.80% | 36.61% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 6,505,642 | 6,563,741 | 6,445,423 | 5,302,121 | 5,860,913 |
| NP to SH | 1,860,904 | 1,892,417 | 1,819,600 | 1,857,146 | 1,879,765 |
| Dividend | 1,424,672 | 1,319,125 | 1,424,687 | 1,484,049 | 1,721,496 |
| Adjusted EPS | 94.05 | 95.64 | 91.96 | 93.86 | 95.00 |
| Adjusted DPS | 72.00 | 66.67 | 72.00 | 75.00 | 87.00 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 0.48% | 6.81% | 1.24% | 1.81% | 1.89% |
| NP to Owner | 5.26% | 5.38% | 3.00% | 6.11% | 8.16% |
| Dividend | 12.50% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adjusted EPS | 5.26% | 5.38% | 3.00% | 6.11% | 8.16% |
| Adjusted DPS | 12.50% | 0.00% | 0.00% | 0.00% | 0.00% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.93% | 11.00% | 22.70% | 1.84% | 11.99% | 23.79% | 4.63% | 9.97% | 21.56% |
| NP to Owner | 2.27% | -1.00% | 0.20% | 4.00% | 0.67% | 1.90% | 10.58% | -3.20% | -2.02% |
| Dividend | 0.00% | -17.24% | -4.00% | -7.41% | -23.37% | -11.11% | 0.00% | -17.24% | -4.00% |
| Adjusted EPS | 2.27% | -1.00% | 0.20% | 4.00% | 0.67% | 1.90% | 10.58% | -3.20% | -2.02% |
| Adjusted DPS | 0.00% | -17.24% | -4.00% | -7.41% | -23.37% | -11.11% | 0.00% | -17.24% | -4.00% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
2 people like this. Showing 50 of 1,427 comments
The biorefinery is also expected to have the capability to process about 650,000 tonnes per year of raw materials to produce up to 12,500 barrels per day of biofuels.
2022-12-15 12:29
The biorefinery is expected to have a flexible configuration to maximise the production of sustainable aviation fuel for aircraft as well as hydrogenated vegetable oil for on-road vehicles, diesel-powered trains, and marine transportation
2022-12-20 11:31
The raw materials to be used will not compete with those in the food chain such as used vegetable oils, animal fats, waste from the processing of vegetable oils, and other biomass including microalgae oils to be explored in the mid term
2022-12-20 11:32
PUTRAJAYA (Dec 23): The government has decided to reduce tariff for gas facility charges for the regasification terminal owned by Pengerang LNG (Two) Sdn Bhd and gas distribution pipeline owned by Petronas Gas Bhd between Jan 1, 2023 and Dec 31, 2023, the first year under the Second Regulatory Period (RP2).
2022-12-24 09:33
Should be bad as RR mentioned that industries and users will save millions from this reduction.
2022-12-25 15:23
RP2 should be good for Petronas, however if you take forex impact and gas price into consideration, it's not really lucrative to invest in Petgas right now. For a risk-averse investor however, Petgas should be a good defensive stocks as dividend yield is still high, though lower than its peers. Special dividend might come up in March, as they are increasing its gearing level.
2023-01-10 10:40
Anyone knows how much is the reduction?
If reduce 3%, but volume is up 10%, Petgas still earn more
2023-01-18 20:41
AxeCap any idea why PetGas want to increase gearing? there's no point for them to take up so much debt
as they are a low capex business
2023-02-22 18:27
Like typical utilities, PetGas business is capital intensive. It's annual capex in recent year is about RM1.2 billion. In the latest quarter, capital commitment is RM5 billion.
In PetGas regulated business (transportation and regassification), Energy Commission calculates the allowed return based on certain assumed weighted average cost of capital (WACC). The figure is not disclosed. But it's probably close to Tenaga's WACC of 7.3% under RP3.
Let's assume cost of debt (CoD) is 5%, and cost of equity (COE) is 9%. Let's further assume PetGas increases net debt to equity ratio to 50%. Its WACC will be (0.5*5% + 1.0*9%) / (0.5 + 1.0) = 7.7%.
With a net debt to equity ratio of 50%, PetGas can still comfortably run its business and earn the same return as today because its operating cash flow is very stable. PetGas can then return its the excess cash (made available through increased borrowings) to shareholders. Shareholders can invest the extra cash elsewhere to earn more return.
But PetGas has chosen to remain in net cash position. It runs its business based entirely on the more expensive shareholder's capital (9% in our example), wherease the EC only allows it to earn returns based on lower rate (about 7+%).
Obviously PetGas management plays it very safe. But it means shareholders earn subpar return.
2023-02-25 18:01
Why the sudden drop last Friday? Can't seem to find any corporate news about it
2023-03-27 09:21
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Security LastPr PE DY% Divcts ROE ttm-marg
PETGAS (Gas, Water & Multi-utilities) 16.5 19.84 4.4 72 12.51 26.7
2023-03-30 16:48
Bagaimana CEO Petronas boleh beri projek RM399 juta kepada syarikat terkait rasuah antarabangsa?
https://thecorporatesecret.com/blog/2023/05/07/bagaimana-ceo-petronas-boleh-beri-projek-rm366-juta-kepada-syarikat-terkait-rasuah-antarabangsa/
2023-05-08 08:36
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
By definition, this company is a slow grower in Lynch classification of businesses. You get a DY of about 4% and very gradual slow capital appreciation in its share price.
2023-05-12 22:14
obs do you think Petgas is worth keeping? the growth looks very poor compared to Allianz
2023-07-18 19:09
Hi all, don't miss purchasing your tickets at GAS MALAYSIA ( 5209 ), QUARTERLY PROFIT & DIVIDEND PAYOUT has just been announced😎........... This week might SURGE HIGH💪
2023-08-21 20:36
Petronas bakal dimalukan berbilion ringgit?
https://thecorporate-secrets.com/blog/2023/08/23/petronas-bakal-dimalukan-berbilion-ringgit/
2023-08-24 00:09
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Latest quarterly results continue to be good. ROE 13%.
A good company in one's portfolio, hardly have to be monitored.
DY is in the 4% range.
Has this stock since its listing on Bursa.
2023-08-25 17:46
Good set of results. Thank you for the dividend and looking forward to Q4 bumper dividend.
2023-08-25 20:09
Oil price keep climbing, causing inflation all over the world. Luckily for Malaysia we have Petronas pumping lots of oil for us. I have been keeping this stock for more than 10 years. Good dividends. Today brent oil is above $90. Way to go...
2023-09-11 11:02
Petronas Gas Bhd's (PetGas) net profit rose 10 per cent to RM468.46 million in the third quarter ended Sept 30, 2023 (3Q23) from RM425.82 million a year ago, on the back of lower tax expenses.
https://www.nst.com.my/business/corporate/2023/11/980387/petronas-gas-net-profit-10pc-lower-tax-expense
2023-12-03 15:58
The top 3 countries in terms of population are China, India and USA. But when it comes to the stock market performance, the number of people doesn’t count.
From the end of 2010 to 2023, the CAGR for their stock market indices were
• S&P 500 (US) – 10.8 %
• Nifty 50 (India) – 10.2 %
• SSE (China) – 0.4 %
• KLCI (Malaysia) – negative 0.3 %
You can see that the US stock market had one of the better growth rates. The common cited reasons for this are because it has better
• Global market intergration
• Liquidity
• Political Stability and Regulatory Environment
• Market Maturity and Investor Sophistication.
• Financial Infrastructure
Moral of the story? If you are a fundamental investor and you want the market to re-rate your stocks faster, shouldn’t you focus on stock in those countries with better track record of returns.
So why look at Petronas when you have the likes of Shell, ExxonMobil, BP? https://www.youtube.com/watch?v=YrMdgjFHHaU
2024-01-02 09:24
Market cap of Petronas is higher than those companies, so worth to keep it for long-term
2024-02-09 11:12
UTILITIES Sector (KingKKK): Fueling the Nation: Identifying the Top Performers in the Malaysian
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-16-story-h-188417037-UTILITIES_Sector_KingKKK_Fueling_the_Nation_Identifying_the_Top_Perform
2024-02-16 16:43
Buy meridian 9-11 cents
Each people rm 10k.if got money buy some more.
27/2/24 1.06am
2024-02-27 01:06
Its Q4 result is quite impressive. Overall, its FY2023 surpasses FY2022
2024-02-27 23:33
UTILITIES Sector (KingKKK): Investing in Malaysia's Engine Top Performer - YTLPOWR, YTL, RANHILL, PBA, TENAGA, PETGAS, MALAKOF, ENGTEX
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-17-story-h-186391184-UTILITIES_Sector_KingKKK_Investing_in_Malaysia_s_Engine_Top_Performer_Y
2024-03-17 16:03
Kinder Morgan Sees Strong Natural Gas Demand Over the Next Six Years
https://oilprice.com/Latest-Energy-News/World-News/Kinder-Morgan-Sees-Strong-Natural-Gas-Demand-Over-the-Next-Six-Years.html
2024-04-22 15:03
Interesting analysis of Petronas Gas Bhd's Dividend
https://finance.yahoo.com/news/petronas-gas-bhds-dividend-analysis-110435948.html
2024-06-14 15:57
Interesting analysis of Petronas Gas Bhd's Dividend
https://finance.yahoo.com/news/petronas-gas-bhds-dividend-analysis-110435948.html
2024-06-14 15:57
Walaoeh, what happend ?
Super damn hot man Petgas today !
Now Petgas was traded at @RM18.34 (+0.18) (+0.99 %)
Heng ah, Ong ah, Huat ah !
2024-08-28 11:42
Foreigner drive Alphard, Mercedes, Porsche ,said car and petrol very very very super super super CHEAP!!!
1 month ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Total Return: Combining price appreciation with dividend payouts, the total return per share for an investor from 1994 to 2024 is substantial. Assuming reinvestment of dividends, the compounded annual growth rate (CAGR) of the investment would likely exceed 8% annually.
Investors who purchased PETGAS shares in 2004 and held them until 2024 achieved an approximate total return of 363% over 20 years, primarily driven by consistent dividends and significant capital appreciation.
2 weeks ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Total return from Petgas from 2014 to 2024
Stock Price Analysis:
In 2014, PETGAS was trading around RM21–RM23 per share.
As of November 2024, PETGAS trades at approximately RM17.80 per share
This represents a price decline of about 18–22% over 10 years.
Dividends:
PETGAS has consistently paid dividends, often yielding between 4–5% annually. The payouts were generally between RM0.64–RM0.88 per share annually, depending on the year. Over 10 years, the cumulative dividends are estimated at around RM7–RM8 per share
Total Return Estimation:
Capital Loss: A decrease of around RM4–RM6 per share from the 2014 price.
Dividend Gain: Adding back RM7–RM8 from dividends results in a net gain of approximately RM1–RM3 per share over the 10 years.
When factoring in the initial investment, this translates to an annualized return of approximately 0.5–1.5% per year, driven mostly by dividends rather than capital appreciation. The returns are modest and highlight the importance of dividend income for PETGAS investors.
2 weeks ago
UTILITIES Sector Outlook - Overbought or Just Getting Started? - YTL, YTLPOWR, TENAGA, PETGAS, MALAKOF, PBA
https://klse.i3investor.com/web/blog/detail/bestStocks/2024-12-08-story-h476427656-UTILITIES_Sector_Outlook_Overbought_or_Just_Getting_Started
1 week ago
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fooming
The biorefinery will be able to leverage the company’s integrated value chain as well as existing utilities and facilities in PIC
2022-12-15 12:28