Gas Transporter of the South Inc (TGS) stock analysis
Close on Nov 12, 2026
StockData Score
Prices as of Nov 12, 2026How the score works
Mixed9 of 30 checks passed
Gas Transporter of the South passes 9 of the 30 checks behind our score; 15 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 3/6
- Past performance
- 5/6
- Financial health
- 1/6
- Dividend
- 0/6
What stands out
Return on capital over 10%
Return on invested capital was 12.0%, above the 10% that usually covers the cost of capital.
Earnings grew over 5 years
Net income grew 113% a year on average over the last five fiscal years.
Revenue growing 10%+ a year
Revenue grew 15.5% a year over the last three fiscal years.
EPS growing 10%+ a year
Diluted EPS grew 24.3% a year over the last three fiscal years.
What to watch
Return on equity under 15%
Return on equity was 13.9% over the last twelve months and averaged 16.4% over five years; we look for 15% on both.
High debt
Debt is 54.5% of shareholders' equity, above the 40% we consider low.
Earnings growth not accelerating
Net income grew -13.6% over the last twelve months, against a 5-year average of 113% a year.
Interest not well covered
Operating income covers interest expense 1.8 times; we look for at least 5.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth3/6
Revenue growing 10%+ a year
Revenue grew 15.5% a year over the last three fiscal years.
EPS growing 10%+ a year
Diluted EPS grew 24.3% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -13.6% over the last twelve months, against a 5-year average of 113% a year.
Growing slower than the industry
Revenue grew 7.2% over the last twelve months; the Gas Production and Distribution median is 13.6%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin improving
Gross margin was 54.2% over the last twelve months, against 52.8% a year earlier.
Past performance5/6
Return on equity under 15%
Return on equity was 13.9% over the last twelve months and averaged 16.4% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 12.0%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Gas Transporter of the South's return on equity of 13.9% is above the Gas Production and Distribution median of 12.1%.
Earnings grew over 5 years
Net income grew 113% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 24.5% over the last twelve months, against a 5-year average of 20.6%.
Net margin above the industry
Gas Transporter of the South's net margin of 24.5% is above the Gas Production and Distribution median of 13.1%.
Financial health1/6
High debt
Debt is 54.5% of shareholders' equity, above the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 32.3% of total debt.
Interest not well covered
Operating income covers interest expense 1.8 times; we look for at least 5.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Gas Transporter of the South has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Gas Transporter of the South. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $6.28M
- Value traded per 1% price move
- $3.61M
Downside
Medium risk
- Typical loss in a bad month
- 16.3%
- Volatility (annualized)
- 37%
- Sharpe ratio, 1 year
- -0.93
- Beta to the S&P 500 (5Y)
- 0.53
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.2% | +15.5% | +60.0% | +82.4% | |
| Gross profit | +10.1% | +26.2% | +62.2% | +90.7% | |
| Operating income | -4.6% | +25.5% | +63.2% | +100.0% | |
| Net income | -13.6% | +24.3% | +112.7% | – | |
| EPS, diluted | -13.6% | +24.3% | +113.2% | – | |
| Free cash flow | -9.6% | +50.0% | +30.5% | +126.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 13.9% | |
| Return on assets | 0.0% | 3.8% | 8.5% | |
| Debt to equity | – | – | 0.55 | |
| Net debt to EBITDA | -0.10× | 0.30× | 1.00× | |
| Interest coverage | 1.1× | 1.1× | 1.8× | |
| Inventory turnover | 32.7× | 25.1× | 103.7× | |
| Capex to revenue | 6.9% | 13.9% | 18.6% | |
| Diluted shares | 794M | 762M | 753M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Gas Transporter of the South generated 2.16T ARS from operations and spent 1.55T ARS on capital expenditure, dividends and share buybacks. 85% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 24.5% | 0.35× | 1.63× | 13.9% |
| FY2024 | 30.3% | 0.36× | 1.84× | 20.3% |
| FY2023 | 5.2% | 0.36× | 2.66× | 5.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero420.86B ARS
- Cash generatingOperating cash flow above zero551.67B ARS
- Return on assets improvedROA up on the prior year11.1% → 9.4%
- Earnings backed by cashOperating cash flow above net income551.67B ARS vs 420.86B ARS
- Less leverageLong-term debt to assets fell14.8% → 27.0%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise753M → 753M
- Gross margin improvedGross margin up on the prior year52.84% → 54.24%
- More efficientAsset turnover rose0.37 → 0.39
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