S.N.T.G.N. Transgaz S.A.

TGN

S.N.T.G.N. Transgaz S.A. engages in the operation of natural gas transmission system in Romania. It is also involved in the maintenance and operation of national gas transmission system; natural gas d...

Website | Natural Gas Transmission and Distribution | Utilities

Automated Financial Analysis

🤵

Financial Advisor Insight

"Current valuation levels are elevated, suggesting the price may be ahead of fundamentals. Technicals confirm a positive long-term trend, supported by moving averages."

Sentiment: Neutral Action: Hold

"Mixed financial indicators presenting a balanced risk/reward profile."

Overvalued based on PE (Current: 37.1 vs Fair: 15).
Bullish Trend (SMA50 > SMA200).

Technical Analysis

Trend Bullish (Long Term)
Last Cross
Golden Cross (2 years ago)
RSI (14) 68.3
SMA 50 68.03
SMA 200 50.70

Price Valuation

Current Price 79.60
Fair Value (PE 15) 32.18
Overvalued 60%
Graham Number 33.13
Downside 58%

Forecast

Rev Forecast (Next Yr) 3,666M
Growth Forecast -14.6%

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
0.17
Less Volatile than Market
Correlation
0.08
Moves with Market
Relative Strength (1Y)
161.99%
vs Benchmark
Index Returns (1Y)
69.8%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
TGN 336.2% 291.9% 194.3% 20.8% 33.8% -3.2% 0.0% 0.0%
BET - 132.5% 69.8% 18.5% 33.0% 5.8% 2.6% 1.7%
Alpha (Diff) - +159.3% +124.5% +2.2% +0.7% -9.0% -2.6% -1.7%

Financial Reports

Price Chart

ETAPA 1 • MUST HAVE

5/8
Healthy Leverage (Debt/Equity)
0.90
Target: < 1.5
Gross Margin vs Industry
0.0% vs 0.0%
Target: > 0.0%
Operating Cash Flow vs Profit
0%
Target: > 1.0
Free Cash Flow vs Profit
168%
Target: > 0.8
ROIC (Return on Capital)
2.98%
Target: Positive
ROIC vs WACC
ROIC: 3.0% / WACC: 85,898,348.5%
Target: > WACC
ROE (Return on Equity)
9.7%
Target: > 10%
EBITDA Positive
867.28M
Target: > 0

ETAPA 2 • CRITERII

4/9
Interest Coverage
Target: > 3x • 0.0x
Miss
Net Margin vs Industry
Target: > 0.0% • 9.4%
Passed
ROA vs Industry
Target: > 4.5% • 2.3%
Miss
Current Ratio
Target: > 1.5 • 1.31
Miss
Assets Growth (5y)
Target: > 0% • 10.5% CAGR
Passed
FCF CAGR (5y)
Target: > 5% • 23.8%
Passed
EV/EBITDA vs Industry
Target: < Industry • 0.0 vs 0.0
Miss
Net Debt / EBITDA
Target: < 3 • 4.54
Miss
Revenue CAGR (5y)
Target: > 5% • 8.5%
Passed

SNAPSHOT COMPANIE

Capitalizare
15.00B RON
EBITDA
867.28M
P/E Ratio
37.10
PEG Ratio
4.36
Dividend Yield
4.75%
Beta
0.17
Valoare Intrinsecă (Graham)
33.13 RON
Discount
-58.4%

Balance Sheet

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Cash & Equivalents 743,411,669 1,064,299,187 710,857,030 418,666,555 414,955,056
Totalcash 821,141,669 1,064,299,187 710,857,030 418,666,555 414,955,056
Cash Growth 21.20% 49.72% 69.79% 0.89% 43.36%
Accounts Receivable 202,088,055 345,848,299 323,742,949 237,371,043 389,407,174
Other Receivables 100,694,974 117,985,688 102,878,961 89,819,407 77,362,189
Receivables 302,783,029 463,833,987 426,621,910 346,525,359 611,689,680
Inventory 702,273,397 514,481,759 582,907,261 613,456,046 312,025,803
Other Current Assets 55,616,415 906,984 14,140,364 - -
Assetsc 1,881,814,510 2,043,521,917 1,734,526,565 1,378,647,960 1,338,670,539
Property, Plant & Equipment 798,427,614 866,255,025 942,277,181 818,128,521 871,795,766
Long-Term Investments 31,092,000 - - - -
Goodwill 10,209,020 10,149,917 10,126,276 9,566,769 9,704,675
Other Intangible Assets 5,526,504,405 5,117,108,681 3,654,207,012 3,909,592,137 3,997,052,066
Other Long-Term Assets 2,972,543,401 2,651,209,199 2,394,481,275 2,141,205,428 1,788,570,507
Assets 11,311,278,366 10,769,356,243 8,825,349,483 8,257,140,815 8,006,146,144
Accounts Payable 152,289,735 302,569,512 237,471,349 282,546,544 394,318,166
Accrued Expenses 127,375,111 147,034,007 344,431,701 56,474,875 41,569,518
Current Portion of Long-Term Debt 928,849,329 368,781,400 466,584,710 136,644,990 132,104,365
Current Portion of Leases 43,548,536 37,415,435 31,756,889 3,751,347 3,771,512
Current Income Taxes Payable 43,669,097 33,266,523 28,404,156 26,440,372 24,102,671
Current Unearned Revenue 150,976,955 201,641,993 182,710,645 147,415,087 128,478,115
Other Current Liabilities 382,573,430 471,821,570 317,036,004 311,434,893 221,686,097
Total Current Liabilities 1,829,282,193 1,562,530,440 1,608,395,454 964,708,108 946,030,444
Long-Term Debt 3,213,671,390 3,406,202,889 2,033,509,381 2,054,247,351 1,899,193,227
Long-Term Leases 97,447,655 125,610,112 144,696,947 14,178,481 16,699,325
Long-Term Unearned Revenue 1,138,643,383 1,141,200,092 849,905,754 969,150,112 1,069,813,639
Long-Term Deferred Tax Liabilities - - - 3,053,157 -
Other Long-Term Liabilities - - - - -
Total Liabilities 6,428,523,096 6,379,804,301 4,773,660,441 4,116,232,550 4,037,777,812
Common Stock 1,883,815,040 1,883,815,040 1,883,815,040 1,883,815,040 117,738,440
Additional Paid-In Capital 247,478,865 247,478,865 247,478,865 247,478,865 247,478,865
Retained Earnings 902,584,139 433,983,777 103,373,244 199,648,810 1,785,866,415
Comprehensive Income & Other 1,718,229,904 1,717,137,852 1,716,701,031 1,727,147,516 1,723,735,857
Total Common Equity 4,752,107,948 4,282,415,534 3,951,368,180 4,058,090,231 3,874,819,577
Equity 4,882,755,270 4,389,551,942 4,051,689,042 4,140,908,265 3,968,368,332
Total Liabilities & Equity 11,311,278,366 10,769,356,243 8,825,349,483 8,257,140,815 8,006,146,144
Filing Date Shares Outstanding 188,381,504 188,381,504 188,381,504 188,381,504 188,381,504
Total Common Shares Outstanding 188,381,504 188,381,504 188,381,504 188,381,504 188,381,504
Book Value Per Share 25.23 22.73 20.98 21.54 20.57
Tangible Book Value -784,605,477 -844,843,064 287,034,892 138,931,325 -131,937,164
Tangible Book Value Per Share -4.16 -4.48 1.52 0.74 -0.70
Total Debt 4,283,516,910 3,938,009,836 2,676,547,927 2,208,822,169 2,051,768,429
Net Cash (Debt) -3,462,375,241 -2,873,710,649 -1,965,690,897 -1,790,155,614 -1,636,813,373
Net Cash Growth - - - - -
Netcashpershare -18.38 -15.25 -10.43 -9.50 -8.69
Working Capital 52,532,317 480,991,477 126,131,111 413,939,852 392,640,095
Land 328,610,102 319,287,877 341,244,627 338,043,018 327,015,690
Machinery 984,155,395 984,059,610 986,500,401 984,844,069 972,044,444
Construction In Progress 10,508,405 10,508,406 10,878,711 10,720,721 117,885,476
Pension & Post-Retirement Benefits 149,478,475 144,260,768 137,152,905 110,895,341 106,041,177
Minority Interest 130,647,322 107,136,408 100,320,862 82,818,034 93,548,755
Long-Term Deferred Tax Assets 90,687,416 81,111,504 89,731,174 - 352,591

Cash Flow Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Net Income 921,399,248 404,130,064 195,829,757 351,895,142 178,145,746
Depreciation & Amortization 517,006,835 511,334,034 474,936,674 430,064,726 357,847,081
Other Amortization 23,851,217 9,960,346 7,357,123 5,345,239 1,894,603
Loss (Gain) From Sale of Assets 155,910 181,501 -123,138 -451,748 -743,351
Loss (Gain) From Sale of Investments - - - - -
Asset Writedown & Restructuring Costs 2,059,121 2,059,121 - - -
Provision & Write-off of Bad Debts -26,999,995 -10,119,640 110,297,757 42,126,151 90,592,388
Change in Accounts Receivable -70,814,163 -116,327,845 -126,081,383 110,453,918 -75,164,629
Change in Inventory 66,636,736 64,418,055 18,698,618 -320,635,665 -171,968,274
Change in Accounts Payable -94,251,046 -18,208,683 98,744,971 326,100,884 389,357,908
Other Operating Activities -321,723,800 -145,491,724 -245,954,887 -429,045,254 -177,911,108
Ncfo 1,017,320,063 701,935,229 533,705,492 515,853,393 592,050,364
Ocf Growth 56.19% 31.52% 3.46% -12.87% 82.48%
Capex -25,273,585 -21,680,950 -20,149,402 -18,801,250 -47,304,652
Sale (Purchase) of Intangibles -1,849,176,695 -1,754,581,537 -236,044,692 -598,243,216 -941,370,046
Investment in Securities -4,495,143 - - - -
Other Investing Activities 14,701,217 12,492,847 4,317,150 133,208,997 206,422,259
Ncfi -1,864,244,206 -1,763,659,183 -251,646,687 -483,356,106 -781,390,625
Short-Term Debt Issued - 2,174,192 175,431,456 291,740,052 -
Long-Term Debt Issued - 1,417,670,000 246,610,000 - 403,248,362
Total Debt Issued 1,360,421,116 1,419,844,192 422,041,456 291,740,052 403,248,362
Short-Term Debt Repaid - - - - -20,285,208
Long-Term Debt Repaid - -199,197,589 -154,275,524 -148,642,727 -74,884,179
Total Debt Repaid -199,375,506 -199,197,589 -154,275,524 -148,642,727 -95,169,387
Net Debt Issued (Repaid) 1,161,045,610 1,220,646,603 267,765,932 143,097,325 308,078,975
Issuance of Common Stock - - - 3,205,405 103,086,442
Common Dividends Paid -203,123,748 -66,079,699 -132,399,008 -175,088,518 -96,322,140
Other Financing Activities -15,543,809 260,599,208 -123,672,647 - -
Financing Cash Flow 942,378,053 1,415,166,112 11,694,277 -28,785,788 314,843,277
Net Cash Flow 95,453,909 353,442,157 293,753,082 3,711,499 125,503,016
Free Cash Flow 992,046,478 680,254,279 513,556,090 497,052,143 544,745,712
Free Cash Flow Growth 56.91% 32.46% 3.32% -8.76% 87.84%
Fcf Margin 22.18% 15.84% 22.38% 17.41% 21.89%
Fcfps 5.27 3.61 2.73 2.64 2.89
Levered Free Cash Flow -1,390,105,754 -1,001,074,085 439,558,829 -162,992,927 -392,070,056
Unlevered Free Cash Flow -1,310,965,879 -940,069,599 505,254,323 -127,751,074 -383,137,960
Cash Interest Paid 183,153,265 138,539,073 128,149,989 69,604,175 7,369,936
Cash Income Tax Paid 80,479,361 35,637,362 80,998,142 77,532,781 24,095,578
Foreign Exchange Rate Adjustments - - - - -
Change Working Capital -98,428,473 -70,118,473 -8,637,794 115,919,137 142,225,005
Sale of Property, Plant & Equipment - 110,457 230,257 479,363 861,814
Miscellaneous Cash Flow Adjustments -1 -1 - - -

Income Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Revenue 4,472,381,826 4,293,613,948 2,295,187,023 2,854,977,197 2,488,269,688
Revenue Growth 18.62% 87.07% -19.61% 14.74% -19.65%
Operating Revenue 4,456,134,101 4,276,316,244 2,277,518,200 2,735,383,549 2,382,682,275
Other Revenue 16,247,725 17,297,704 17,668,823 119,593,648 105,587,413
Cost of Revenue 2,278,849,547 2,641,537,439 910,373,978 1,542,672,369 1,299,638,661
Gp 2,193,532,279 1,652,076,509 1,384,813,045 1,312,304,828 1,188,631,027
Selling, General & Admin 696,008,137 650,799,273 587,793,149 506,020,559 477,269,533
Other Operating Expenses 137,397,874 121,307,732 223,365,034 249,286,872 245,505,580
Operating Expenses 1,357,200,891 1,293,401,385 1,293,451,980 1,190,717,396 1,082,516,797
Operating Income 836,331,388 358,675,124 91,361,065 121,587,432 106,114,230
Interest Expense -126,623,799 -97,607,177 -105,112,790 -56,386,965 -14,291,354
Interest & Investment Income 361,931,195 199,293,694 204,075,512 50,739,681 38,979,410
Currency Exchange Gain (Loss) 434,555 434,555 5,962,458 -670,320 43,700
Other Non Operating Income (Expenses) 23,700,577 25,280,744 31,786,607 304,305,910 99,403,906
EBT Excluding Unusual Items 1,095,773,916 486,076,940 228,072,852 419,575,738 230,249,892
Gain (Loss) on Sale of Assets - - - - -
Gain (Loss) on Sale of Investments - - - - -
Asset Writedown -2,059,121 -2,059,121 - - -
Other Unusual Items - - -13,503,558 - -
Pretax Income 1,093,714,795 484,017,819 214,569,294 419,575,738 230,249,892
Income Tax Expense 145,732,741 73,285,983 14,137,759 72,507,267 53,445,225
Minority Interest in Earnings -26,582,806 -6,601,772 -4,601,778 4,826,671 1,341,079
Net Income 921,399,248 404,130,064 195,829,757 351,895,142 178,145,746
Net Income to Common 921,399,248 404,130,064 195,829,757 351,895,142 178,145,746
Net Income Growth 200.23% 106.37% -44.35% 97.53% 7.82%
Shares Basic 188,381,504 188,381,504 188,381,504 188,381,504 188,381,504
Shares Outstanding (Diluted) 188,381,504 188,381,504 188,381,504 188,381,504 188,381,504
Eps Basic 4.89 2.15 1.04 1.87 0.95
EPS (Diluted) 4.89 2.15 1.04 1.87 0.95
EPS Growth 200.23% 106.37% -44.35% 97.53% 7.82%
Free Cash Flow 992,046,478 680,254,279 513,556,090 497,052,143 544,745,712
Free Cash Flow Per Share 5.27 3.61 2.73 2.64 2.89
Dps 1.08 1.08 0.35 0.70 0.93
Dividend Growth 208.57% 208.57% -50.00% -24.43% 82.06%
Gross Margin 49.05% 38.48% 60.34% 45.97% 47.77%
Operating Margin 18.70% 8.35% 3.98% 4.26% 4.27%
Profit Margin 20.60% 9.41% 8.53% 12.33% 7.16%
Free Cash Flow Margin 22.18% 15.84% 22.38% 17.41% 21.89%
Effective Tax Rate 0.13 0.15 0.07 0.17 0.23
EBITDA 1,318,057,859 867,283,958 562,577,779 548,012,667 460,122,563
D&A For EBITDA 481,726,471 508,608,834 471,216,714 426,425,235 354,008,333
EBITDA Margin 29.47% 20.20% 24.51% 19.20% 18.49%
EBIT 836,331,388 358,675,124 91,361,065 121,587,432 106,114,230
EBIT Margin 18.70% 8.35% 3.98% 4.26% 4.27%
Legal Settlements - - - - -
Earnings From Continuing Operations 947,982,054 410,731,836 200,431,535 347,068,471 176,804,667
Preferred Dividends & Other Adjustments - - - - -
Payoutratio 22.08% 16.35% 67.61% 49.76% 54.07%

Ratios and Metrics

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Marketcap 11,717,329,549 4,417,546,269 3,552,875,165 3,243,694,022 2,778,627,184
Market Cap Growth 159.17% 24.34% 9.53% 16.74% -16.61%
Enterprise Value 15,310,352,108 6,877,686,928 5,699,043,025 5,052,339,302 4,465,257,204
Last Close Ratios 6,220.00% 2,272.54% 1,801.07% 1,577.18% 1,268.14%
Pe 12.72 10.93 18.14 9.22 15.60
Forward PE 29.65 17.25 18.14 56.16 31.36
PS Ratio 2.62 1.03 1.55 1.14 1.12
PB Ratio 2.40 1.01 0.88 0.78 0.70
P/TBV Ratio - - 12.38 23.35 -
P/FCF Ratio 11.81 6.49 6.92 6.53 5.10
P/OCF Ratio 11.52 6.29 6.66 6.29 4.69
PEG Ratio - 78.10% 78.10% 78.10% 78.10%
EV/Sales Ratio 3.42 1.60 2.48 1.77 1.80
EV/EBITDA Ratio 11.33 7.93 10.13 9.22 9.70
EV/EBIT Ratio 18.31 19.18 62.38 41.55 42.08
EV/FCF Ratio 15.43 10.11 11.10 10.17 8.20
Debt / Equity Ratio 0.88 0.90 0.66 0.53 0.52
Debt / EBITDA Ratio 3.17 4.53 4.73 4.00 4.42
Debt / FCF Ratio 4.32 5.79 5.21 4.44 3.77
Asset Turnover 42.50% 43.80% 26.90% 35.10% 32.70%
Inventory Turnover 361.00% 481.40% 152.20% 333.40% 513.20%
Quick Ratio 0.61 0.98 0.71 0.77 0.93
Current Ratio 1.03 1.31 1.08 1.43 1.42
Roe 20.66% 9.73% 4.89% 8.56% 4.58%
Return on Assets (ROA) 4.97% 2.29% 0.67% 0.93% 0.87%
Return on Capital (ROIC) 6.33% 2.98% 0.87% 1.23% 1.15%
Return on Capital Employed (ROCE) 0.09 0.04 0.01 0.02 0.02
Earningsyield 7.86% 9.15% 5.51% 10.85% 6.41%
FCF Yield 8.47% 15.40% 14.46% 15.32% 19.61%
Dividend Yield 1.74% 4.75% 1.94% 4.44% 7.30%
Payout Ratio 22.08% 16.35% 67.61% 49.76% 54.07%
Totalreturn 1.74% 4.75% 1.94% 4.44% 7.30%

Price History

Oct 17, 2018 — Jan 26, 2026 1825 Records
Date Open High Low Close Volume
2026-01-26 79.80 79.80 79.10 79.60 82,518
2026-01-25 79.70 79.90 78.80 79.30 36,077
2026-01-24 78.40 79.90 78.20 79.40 144,071
2026-01-22 78.40 79.90 78.20 79.40 144,071
2026-01-21 77.90 78.90 77.50 77.50 80,116
2026-01-20 75.50 76.60 71.10 75.00 81,554
2026-01-19 79.00 80.60 75.40 75.40 95,935
2026-01-18 82.40 82.40 79.00 79.00 80,637
2026-01-15 81.90 83.00 81.60 82.20 70,514
2026-01-14 80.80 81.80 80.80 81.80 49,502
2026-01-13 80.00 80.90 79.00 80.90 69,189
2026-01-12 71.40 75.30 71.40 75.30 87,864
2026-01-11 71.40 75.30 71.40 75.30 87,864
2026-01-09 68.60 71.30 68.60 71.20 58,707
2026-01-08 68.60 71.30 68.60 71.20 58,707
2026-01-07 66.90 69.80 66.90 68.10 43,618
2026-01-06 65.90 67.00 65.50 66.90 27,703
2026-01-05 65.90 67.00 65.50 66.90 27,703
2026-01-04 65.90 67.00 65.50 66.90 27,703
2026-01-01 64.90 65.90 64.10 65.90 110,825
2025-12-31 64.90 65.90 64.10 65.90 110,825
2025-12-30 64.90 65.90 64.10 65.90 110,825
2025-12-29 64.90 65.90 64.10 65.90 110,825
2025-12-28 63.20 64.90 63.00 64.90 78,686
2025-12-25 63.00 64.20 62.50 64.20 86,504
2025-12-24 63.00 64.20 62.50 64.20 86,504
2025-12-23 63.00 64.20 62.50 64.20 86,504
2025-12-22 63.00 64.20 62.50 64.20 86,504
2025-12-21 61.70 63.00 60.90 63.00 63,766
2025-12-19 62.40 63.00 61.40 61.70 37,961
2025-12-18 62.40 63.00 61.40 61.70 37,961
2025-12-17 62.50 63.80 61.90 63.00 36,992
2025-12-16 63.80 63.80 62.00 62.30 60,517
2025-12-15 63.70 64.10 63.20 63.80 44,427
2025-12-14 64.00 64.10 63.10 63.80 36,068
2025-12-12 63.90 64.40 63.10 63.90 32,738
2025-12-11 63.90 64.40 63.10 63.90 32,739
2025-12-10 63.10 64.10 63.10 63.90 44,400
2025-12-09 63.20 63.90 62.40 63.90 27,983
2025-12-08 62.50 63.20 62.30 63.10 34,091
2025-12-07 62.20 63.40 61.90 62.50 39,242
2025-12-05 62.20 62.40 61.30 62.20 32,367
2025-12-04 62.20 62.40 61.30 62.20 32,367
2025-12-03 62.40 62.50 61.90 62.30 30,909
2025-12-02 62.60 62.90 62.30 62.40 24,678
2025-12-01 63.20 63.20 62.00 62.50 22,637
2025-11-30 63.40 63.50 62.80 63.20 318,768
2025-11-28 63.40 63.50 62.80 63.20 318,768
2025-11-27 63.40 63.50 62.80 63.20 318,768
2025-11-26 63.60 63.80 63.00 63.30 8,361