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 $15.2B against $1.5B — 10.1× the size. YPF Sociedad Anonima trades at the lower P/E: 7.1× against 8.4×. YPF Sociedad Anonima grew revenue faster over the last twelve months: 21.4% against 4.22%. Transportadora De Gas Sa Ord B has the higher net margin (26.5% vs 9.42%) and the lower return on invested capital (14.4% vs 15.4%). Across the 22 metrics below, YPF Sociedad Anonima leads on 12 and Transportadora De Gas Sa Ord B on 10.

Valuation

Metric TGS YPF Oil & Gas Integrated median
P/E 8.41 7.13 8.49
P/S 2.20 0.67 1.00
P/B 1.08 1.09 1.34
Price to free cash flow 23.86 3.32 7.90
EV/EBITDA 3.98 2.64 4.07
EV/Sales 2.06 0.98 1.19
Earnings yield 11.89% 14.03% 11.52%
Free cash flow yield 4.19% 30.08% 8.19%

Profitability

Metric TGS YPF Oil & Gas Integrated median
Gross margin 53.93% 38.57% 41.32%
Operating margin 43.30% 22.96% 16.71%
Net margin 26.47% 9.42% 9.96%
Free cash flow margin 0.00% 20.25% 11.34%
Return on equity 14.86% 16.62% 14.86%
Return on assets 9.08% 6.69% 6.69%
Return on invested capital 14.36% 15.42% 11.99%

Growth

Metric TGS YPF Oil & Gas Integrated median
Revenue growth (TTM) 4.22% 21.40% 12.44%
EPS growth (last fiscal year) (15.56%) (135.23%) (14.54%)
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 0.47 0.76 0.53
Current ratio 3.11 1.24 1.19
Net debt to EBITDA (0.11) 1.95 0.80

Dividend

Metric TGS YPF Oil & Gas Integrated median
Dividend yield — — 3.90%
Payout ratio — — 0.40

Size

Metric TGS YPF Oil & Gas Integrated median
Market cap 1.51b 15.20b 45.56b

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