Transportadora De Gas Sa Ord B (TGS) vs YPF Sociedad Anonima (YPF)

Transportadora De Gas Sa Ord B and YPF Sociedad Anonima are both Oil & Gas Integrated companies. YPF Sociedad Anonima is the larger, with a market value of $21.1B against $1.9B — 11.1× the size. Transportadora De Gas Sa Ord B trades at the lower P/E: 12.0× against 27.4×. YPF Sociedad Anonima grew revenue faster over the last twelve months: 7.37% against 1.59%. Transportadora De Gas Sa Ord B has the higher net margin (24.7% vs 3.60%) and the higher return on invested capital (16.3% vs 11.5%). Across the 22 metrics below, Transportadora De Gas Sa Ord B leads on 13 and YPF Sociedad Anonima on 9.

Valuation

Metric TGS YPF Oil & Gas Integrated median
P/E 12.01 27.42 11.88
P/S 2.80 0.97 1.20
P/B 1.59 1.58 1.56
Price to free cash flow 29.17 6.29 9.74
EV/EBITDA 4.94 4.00 4.94
EV/Sales 2.69 1.36 1.57
Earnings yield 8.32% 3.65% 7.58%
Free cash flow yield 3.43% 15.90% 6.71%

Profitability

Metric TGS YPF Oil & Gas Integrated median
Gross margin 54.52% 35.38% 39.18%
Operating margin 42.82% 18.47% 14.90%
Net margin 24.70% 3.60% 8.76%
Free cash flow margin 9.61% 15.49% 9.61%
Return on equity 14.71% 6.03% 12.22%
Return on assets 9.43% 2.43% 6.47%
Return on invested capital 16.27% 11.47% 10.61%

Growth

Metric TGS YPF Oil & Gas Integrated median
Revenue growth (TTM) 1.59% 7.37% 5.63%
EPS growth (last fiscal year) (15.56%) (135.23%) —
Revenue growth, 5-year CAGR 11.65% 14.19% 12.04%
Net income growth, 5-year CAGR 48.47% 0.00% 0.00%

Health

Metric TGS YPF Oil & Gas Integrated median
Debt to equity 0.44 0.82 0.55
Current ratio 5.11 0.93 1.18
Net debt to EBITDA (0.11) 1.95 0.80

Dividend

Metric TGS YPF Oil & Gas Integrated median
Dividend yield — — 5.01%
Payout ratio 0.00 0.00 0.29

Size

Metric TGS YPF Oil & Gas Integrated median
Market cap 1.89b 21.06b 51.12b

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