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Transportadora de Gas del Sur S.A. (TGS) 10-Year Financial Performance & Capital Metrics

TGS • • Industrial / General
EnergyIntegrated Oil & GasNatural Gas FocusedGas Transportation & Distribution
AboutTransportadora de Gas del Sur S.A. engages in transportation of natural gas, production, and commercialization of natural gas liquids in Argentina. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,769 miles of pipeline system to distribution companies, power plants, and industrial customers. It also provides operation and maintenance services for the natural gas transportation facilities. The company's Liquids Production and Commercialization segment produces and commercializes natural gas liquids, such as ethane, liquid petroleum gas, natural gasoline, propane, and butane in Argentina and internationally. Its Other Services segment offers midstream services, including natural gas treatment, separation, and removal of impurities from the natural gas stream, as well as natural gas compression. It also provides services related to pipeline and compression plant construction, operation, and maintenance; and generates steam for electricity production. The Telecommunications segment provides telecommunication services with a network that includes a microwave digital network with synchronous digital hierarchy technology and a dark fiber optic network. As of December 31, 2021, it served 6.2 million residential, commercial, industrial, and electric power generation end users. The company was founded in 1992 and is headquartered in Buenos Aires, Argentina. Transportadora de Gas del Sur S.A. is a subsidiary of Compañía de Inversiones de Energía S.A.Show more
  • Revenue $1219.77B +26.1%
  • EBITDA $682.3B +77.0%
  • Net Income $370.16B +622.8%
  • EPS (Diluted) 2458.70 +1474.1%
  • Gross Margin 53.54% +49.1%
  • EBITDA Margin 55.94% +40.4%
  • Operating Margin 45.93% +75.3%
  • Net Margin 30.35% +473.3%
  • ROE 18.07% +375.6%
  • ROIC 15.22% +55.3%
  • Debt/Equity 0.26 -47.3%
  • Interest Coverage 10.06 +112.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 21.0%
  • ✓Strong 5Y profit CAGR of 96.0%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Strong 5Y sales CAGR of 90.7%
  • ✓Healthy 5Y average net margin of 17.2%
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Low quality earnings: Net income not backed by cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y90.7%
3Y32.3%
TTM32.98%

Profit (Net Income) CAGR

10Y-
5Y95.98%
3Y42.86%
TTM61.63%

EPS CAGR

10Y-
5Y97.17%
3Y160.52%
TTM86.6%

ROCE

10Y Avg34.56%
5Y Avg38.19%
3Y Avg25.06%
Latest18.41%

Peer Comparison

Gas Transportation & Distribution
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Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NFGNational Fuel Gas Company7.72B81.2914.3117.11%22.87%16.76%2.42%0.92
TGSTransportadora de Gas del Sur S.A.1.98B28.550.0126.07%27.08%14.63%10.7%0.26

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+48.36B163.31B526.69B1.08T967.5B1.22T
Revenue Growth %-2.38%2.23%1.05%-0.1%0.26%
Cost of Goods Sold+24.53B81.05B289.12B651.29B620.07B566.64B
COGS % of Revenue0.51%0.5%0.55%0.6%0.64%0.46%
Gross Profit+23.83B82.26B237.57B427.73B347.43B653.12B
Gross Margin %0.49%0.5%0.45%0.4%0.36%0.54%
Gross Profit Growth %-2.45%1.89%0.8%-0.19%0.88%
Operating Expenses+4.28B21.57B30.82B72.06B93.87B92.82B
OpEx % of Revenue0.09%0.13%0.06%0.07%0.1%0.08%
Selling, General & Admin4.12B4.33B13.66B36.72B47.07B47.7B
SG&A % of Revenue0.09%0.03%0.03%0.03%0.05%0.04%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses156.12M17.25B17.16B35.34B46.8B45.12B
Operating Income+19.55B60.69B206.75B355.67B253.56B560.3B
Operating Margin %0.4%0.37%0.39%0.33%0.26%0.46%
Operating Income Growth %-2.1%2.41%0.72%-0.29%1.21%
EBITDA+23.24B78.8B265.05B488.4B385.58B682.3B
EBITDA Margin %0.48%0.48%0.5%0.45%0.4%0.56%
EBITDA Growth %-2.39%2.36%0.84%-0.21%0.77%
D&A (Non-Cash Add-back)3.7B18.12B58.3B132.73B132.03B122B
EBIT34.99B32.49B231.33B380.96B148.63B521.37B
Net Interest Income+-360.62M-40.11M-22.3B-33.66B-953.8M-32.47B
Interest Income14.91M7.73M4.81B12.44B52.68B23.24B
Interest Expense375.53M47.85M27.1B46.1B53.63B55.71B
Other Income/Expense-2.69B-38.08B-2.52B-20.82B-158.56B21.8B
Pretax Income+16.86B22.61B204.23B334.85B95B582.1B
Pretax Margin %0.35%0.14%0.39%0.31%0.1%0.48%
Income Tax+4.02B12.95B77.26B115.7B43.79B211.94B
Effective Tax Rate %0.76%0.43%0.62%0.65%0.54%0.64%
Net Income+12.81B9.66B126.97B219.16B51.21B370.16B
Net Margin %0.26%0.06%0.24%0.2%0.05%0.3%
Net Income Growth %--0.25%12.14%0.73%-0.77%6.23%
Net Income (Continuing)12.84B9.66B126.97B219.16B51.21B370.16B
Discontinued Operations000000
Minority Interest38K47K98K342K2M1.78M
EPS (Diluted)+82.5021.55139.05214.65156.202458.70
EPS Growth %--0.74%5.45%0.54%-0.27%14.74%
EPS (Basic)82.5021.55139.05214.65156.202458.70
Diluted Shares Outstanding155.22M152.47M150.55M150.55M150.55M150.55M
Basic Shares Outstanding155.22M152.47M150.55M150.55M150.55M150.55M
Dividend Payout Ratio0.02%0%----

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+28.51B23.85B69.14B240.57B925.94B1.01T
Cash & Short-Term Investments14.72B10.25B34.48B131.66B717.45B796.54B
Cash Only13.29B7.02B8.63B9.31B14.37B59.97B
Short-Term Investments1.42B3.23B25.85B122.36B703.08B736.56B
Accounts Receivable11.27B7.03B13.18B72.49B142.66B170.7B
Days Sales Outstanding85.0415.719.1424.5253.8251.08
Inventory418.82M862.63M2.28B5.71B16.7B3.66B
Days Inventory Outstanding6.233.882.883.29.832.36
Other Current Assets373.06M3.58B12.5B000
Total Non-Current Assets+101.64B170.25B336.38B1.04T2.4T2.39T
Property, Plant & Equipment101.5B149.24B292.53B917.03B2.16T2.38T
Fixed Asset Turnover0.48x1.09x1.80x1.18x0.45x0.51x
Goodwill000000
Intangible Assets000000
Long-Term Investments114.44M20.96B43.78B125.55B234.4B1.23B
Other Non-Current Assets12.26M14.43M17.25M46.4M78.38M442.31M
Total Assets+130.15B194.1B405.52B1.28T3.32T3.39T
Asset Turnover0.37x0.84x1.30x0.84x0.29x0.36x
Asset Growth %-0.49%1.09%2.16%1.59%0.02%
Total Current Liabilities+10.83B12.24B39.47B66B260.32B368.96B
Accounts Payable5.6B4.23B11.82B32.78B90.86B76.72B
Days Payables Outstanding83.3319.0614.9218.3753.4849.42
Short-Term Debt1.85B689.35M1.08B2.92B9.32B70.59B
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities531.25M1.75B3.22B12.05B114.26B421.1M
Current Ratio2.63x1.95x1.75x3.65x3.56x2.73x
Quick Ratio2.59x1.88x1.69x3.56x3.49x2.72x
Cash Conversion Cycle7.950.54-2.919.3510.174.02
Total Non-Current Liabilities+53.86B82.2B131.15B385.13B1.2T792.13B
Long-Term Debt40.63B61.16B95.46B272.78B871.4B495.54B
Capital Lease Obligations2.74B3.64B4.66B9.65B23.78B6.17B
Deferred Tax Liabilities6.5B11.28B20.06B66.17B184.19B0
Other Non-Current Liabilities00044.48M204.96M290.42B
Total Liabilities64.69B94.44B170.61B451.13B1.46T1.16T
Total Debt+45.72B66.22B102.42B288.97B918.21B580.11B
Net Debt32.43B59.19B93.79B279.66B903.84B520.14B
Debt / Equity0.70x0.66x0.44x0.35x0.49x0.26x
Debt / EBITDA1.97x0.84x0.39x0.59x2.38x0.85x
Net Debt / EBITDA1.40x0.75x0.35x0.57x2.34x0.76x
Interest Coverage52.05x1268.42x7.63x7.71x4.73x10.06x
Total Equity+65.46B99.66B234.91B832.16B1.86T2.23T
Equity Growth %-0.52%1.36%2.54%1.24%0.2%
Book Value per Share421.72653.631560.305527.3612376.7614835.47
Total Shareholders' Equity65.46B99.66B234.91B832.16B1.86T2.23T
Common Stock38.6B55.91B108.91B339.15B738.54B738.54B
Retained Earnings18.54B4.96B40.77B100.64B51.21B1.55T
Treasury Stock-994.87M-5.61B-10.92B-34.02B-74.08B-74.08B
Accumulated OCI10.4B46.03B99.32B436.26B1.17T40.95B
Minority Interest38K47K98K342K2M1.78M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+279.62M403.39M320.15M270.82M606.87M528.75M
Operating CF Margin %0.01%0%0%0%0%0%
Operating CF Growth %-0.44%-0.21%-0.15%1.24%-0.13%
Net Income265.25M46.49M219.83M247.15M79.87M404.25M
Depreciation & Amortization76.55M87.16M100.94M149.68M205.92M141.61M
Stock-Based Compensation000000
Deferred Taxes27.8M13.65M-10.15M9.2M62.84M-6M
Other Non-Cash Items5.61M251.27M88.24M-70.81M277.26M118.62M
Working Capital Changes-95.59M4.81M-78.71M-64.39M-19.02M-129.72M
Change in Receivables-115.85M-11.32M-102M-109.54M-181.72M-179.93M
Change in Inventory1.09M-3.73M-6.28M-5.08M-19.82M4.37M
Change in Payables2.92M2.03M28.37M33.95M99.71M33.26M
Cash from Investing+-344.76M-425.66M-319.97M-307.54M-701.11M-420.34M
Capital Expenditures-330.02M-109.92M-101.34M-193.54M-458.8M-316.5M
CapEx % of Revenue0.01%0%0%0%0%0%
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+-234.45M-71.79M-10.08M27.73M120.72M-34.24M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid-202.19M-2260000
Share Repurchases------
Other Financing-388.41K000-680.25K-831.12K
Net Change in Cash------
Free Cash Flow+-50.4M293.48M218.82M77.29M148.08M212.25M
FCF Margin %-0%0%0%0%0%0%
FCF Growth %-6.82%-0.25%-0.65%0.92%0.43%
FCF per Share-0.321.921.450.510.981.41
FCF Conversion (FCF/Net Income)0.02x0.04x0.00x0.00x0.01x0.00x
Interest Paid000000
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)19.56%11.7%75.9%41.08%3.8%18.07%
Return on Invested Capital (ROIC)14.98%35.46%63.61%37.04%9.8%15.22%
Gross Margin49.27%50.37%45.11%39.64%35.91%53.54%
Net Margin26.48%5.92%24.11%20.31%5.29%30.35%
Debt / Equity0.70x0.66x0.44x0.35x0.49x0.26x
Interest Coverage52.05x1268.42x7.63x7.71x4.73x10.06x
FCF Conversion0.02x0.04x0.00x0.00x0.01x0.00x
Revenue Growth-237.71%222.51%104.87%-10.34%26.07%

Frequently Asked Questions

Valuation & Price

Transportadora de Gas del Sur S.A. (TGS) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Transportadora de Gas del Sur S.A. (TGS) reported $1.50T in revenue for fiscal year 2024. This represents a 3011% increase from $48.36B in 2019.

Transportadora de Gas del Sur S.A. (TGS) grew revenue by 26.1% over the past year. This is strong growth.

Yes, Transportadora de Gas del Sur S.A. (TGS) is profitable, generating $407.33B in net income for fiscal year 2024 (30.3% net margin).

Dividend & Returns

Transportadora de Gas del Sur S.A. (TGS) has a return on equity (ROE) of 18.1%. This is reasonable for most industries.

Transportadora de Gas del Sur S.A. (TGS) generated $70.63B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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