Perusahaan Gas Negara (PGN): Indonesia's Largest Gas Company
An updated company profile of Perusahaan Gas Negara (PGN) is presented in the Indonesian Companies section. PGN, a government controlled enterprise, is Indonesia's largest natural gas transportation and distribution company. The company and its subsidiaries developed and currently operate a distribution network that extends for 3,950 kilometers as well as a 2,047 kilometer-long transmission pipeline network. Perusahaan Gas Negara is positioned among the largest listed Indonesian companies in terms of market capitalization.
Perusahaan Gas Negara posted a 3.4 percent decline in profit to USD $860.5 million over 2013, particularly due to rising cost of revenue. The company's revenue, on the other hand, increased 16.3 percent to USD $3 billion.
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Perusahaan Gas Negara's Financial Highlights:
2010 | 2011 | 2012 | 2013 | |
Net Revenues | 2,178.5 | 2,230.4 | 2,580.2 | 3,001.5 |
Gross Profit | 1,382.6 | 1,341.9 | 1,472.4 | 1,418.0 |
Operating Profit |
1,008.2 | 898.2 | 1,018.5 | 933.7 |
Profit before Tax | 873.9 | 872.0 | 1,148.3 | 1,125.1 |
Net Income | 671.2 | 680.8 | 890.9 | 854.2 |
EBITDA | 1,183.2 | 1,078.3 | 1,209.1 | 1,120.7 |
Total Assets | 3,540.2 | 3,400.2 | 3,908.2 | 4,363.2 |
Total Liabilities | 1,889.1 | 1,520.8 | 1,553.4 | 1,635.9 |
Net Income per Share¹ | 0.03 | 0.03 | 0.04 | 0.04 |
Dividend per Share² | 154.44 | 134.62 | 203.00 | |
P/E Ratio (x) | – | 18.16 | 15.62 |
in million US dollar unless otherwise stated
¹ in US dollar
² in IDR rupiah
Source: Perusahaan Gas Negara, Annual Report 2013
Future Projection Financial Performance Perusahaan Gas Negara:
2012 | 2013 | 2014F | 2015F | |
Net Revenues | 2,580.2 | 3,001.5 | 3,705.0 | 3,799.0 |
Net Income | 890.9 | 854.2 | 950.4 | 963.4 |
EBITDA | 1,209.1 | 1,120.7 | 1,324 | 1,329 |
Net Income per Share¹ | 0.04 | 0.04 | 0.039 | 0.04 |
P/E Ratio (x) | 15.62 | 14.96 | 13.53 | 13.35 |
in million US dollar unless otherwise stated
¹ in US dollar
Source: Investor Daily