TGSNYSENatural Gas TransmissionFiscal year ends December 31
GAS TRANSPORTER OF THE SOUTH INC
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 22, 2026
$25.82−0.31 (-1.19%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Gross margin
52.8%+3.0 pts over 5 years
Operating margin
45.9%+5.2 pts over 5 years
Net margin
30.3%+4.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +23.7% | +31.2% | +65.0% | – | |
| Gross profit | +76.1% | +37.0% | +66.9% | – | |
| Operating income | +121.0% | +39.4% | +69.0% | – | |
| Net income | +622.8% | +42.9% | +69.7% | – | |
| EPS, diluted | +622.8% | +42.9% | +71.3% | – | |
| Free cash flow | +63.8% | +15.8% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 18.1% | |
| Return on assets | – | 23.3% | 11.0% | |
| Debt to equity | – | – | 0.26 | |
| Net debt to EBITDA | – | 0.14× | 0.75× | |
| Interest coverage | 0.5× | 1.1× | 2.7× | |
| Inventory turnover | 20.4× | 42.3× | 56.5× | |
| Capex to revenue | 9.5% | 32.8% | 23.8% | |
| Diluted shares | 794M | 788M | 753M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Gas Transporter Of The South generated 1.40T ARS from operations and spent 844.96B ARS on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
1.40T ARS
Used
844.96B ARS
Capital expenditure836.96B ARS99%Dividends0 ARS0%Share buybacks8.00B ARS1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin30.3%
×Asset turnover0.36×
×Equity multiplier1.64×
=Return on equity, FY202418.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 30.3% | 0.36× | 1.64× | 18.1% |
| FY2023 | 5.2% | 0.32× | 2.27× | 3.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
8of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero370.16B ARS
- Cash generatingOperating cash flow above zero484.17B ARS
- Return on assets improvedROA up on the prior year1.8% → 11.1%
- Earnings backed by cashOperating cash flow above net income484.17B ARS vs 370.16B ARS
- Less leverageLong-term debt to assets fell26.9% → 14.8%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise753M → 753M
- Gross margin improvedGross margin up on the prior year37.12% → 52.84%
- More efficientAsset turnover rose0.35 → 0.37