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Transportadora de Gas del Sur SA ADR (TGS) Fair Value & Analysis

Energy · US · Market cap $4.7B · ISIN US8938702045

What is Transportadora de Gas del Sur SA ADR really worth?

TD Transportadora de Gas del Sur SA ADR logo Transportadora de Gas del Sur SA ADR TGS · US
Price$28.86
Fair Value$31.92
Upside+10.6%
Quality57/100

A solid business, trading 10% below our fair value of $31.92.

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Strengths

Highly profitable · 24.7% net margin
Low debt · generates free cash flow
Ranks above peers (8/11)
Wide moat 74/100

Risks

!Expensive Growth (revenue 5y +64.8 %/yr)
!Evidence only medium, so the estimate is less certain

For context

·3.01% dividend yield
Evidence: Medium Range $18.75 – $42.17

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 22 days ago

Share price −3.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range ($18.75 to $42.17) leaves room in how you read the outcome.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

$35.32 $3.91 Fair Value $31.92 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $3.91 – $35.32 · fair‑value band $18.75 – $42.17 · the $28.86 price screens below the $31.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Transportadora de Gas del Sur SA ADR (TGS) currently trades at $28.86, while our model-based Fair Value estimate is $31.92, implying the stock looks roughly 9.6% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of $78.78 per share, and 11 of the 24 models we run sit above the $28.86 price. Bear case: the Asset-Based group reads lowest at $8.20, and 13 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Transportadora de Gas del Sur SA ADR generated revenue of $1.8T at a net margin of 24.7%. Revenue grew 13.2% year over year. It earns a return on equity of 14.3%. Net debt stands at $869B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $18.75 (bear case) to $42.17 (bull case); at $28.86, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 46% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at −17% fair-value upside, at 11%, TGS screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.35 per share, which is 4.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV $18.83 $22.21 $25.12 72
FCF DCF $14.21 $23.27 $51.50 71
Growth DCF $13.19 $27.43 $50.36 71
All 24 models by family
DCF Models
FCF DCF $14.21 $23.27 $51.50 71
Owner Earnings $17.92 $42.83 $93.22 67
5Y Revenue Exit $7.40 $13.54 $26.29 65
5Y EBITDA Exit $16.50 $31.92 $62.20 68
5Y P/E Exit $17.12 $42.23 $76.60 64
10Y Revenue Exit $9.32 $20.82 $27.30 63
10Y EBITDA Exit $16.09 $39.95 $81.87 60
10Y P/E Exit $16.54 $41.26 $82.20 56
Earnings-Based
Graham-Dodd $13.06 $91.07 $127.80 58
Lynch FV $47.05 $67.21 $87.38 57
PEG = 1.0 $47.05 $67.21 $87.38 53
EPV $18.83 $22.21 $25.12 72
Multiples
P/E Multiple $20.16 $26.89 $33.61 61
P/S Multiple $7.01 $9.34 $11.68 56
P/B Multiple $16.53 $22.04 $27.55 53
EV/EBIT $22.72 $31.15 $39.58 64
EV/EBITDA $16.75 $23.19 $29.63 66
EV/Revenue $3.97 $6.78 $9.58 51
Asset-Based
NCAV (Graham) $6.12 $8.20 $12.25 52
Growth DCF
Growth DCF $13.19 $27.43 $50.36 71
Rev-Margin DCF $8.37 $15.87 $31.66 65
Economic Profit
Residual Income $12.29 $16.34 $47.36 57
ROIC Compounder $25.34 $37.70 $47.01 68
Growth Earnings
Growth-Adj P/E $55.14 $78.78 $102.41 64

Widest divergence: Growth Earnings ($78.78) versus Asset-Based ($8.20). Highest evidence: EPV (72).

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Key figures & financial health

P/E ratio 15.8 as of Jun 24, 2026
P/S ratio 3.91 P/E × margin
EPS (TTM) $1.99 price ÷ EPS = P/E 15.8
Dividend yield 3.0% payout 43.7%
Net margin 24.7% FY2025
Return on equity 14.3% TTM
More key figures
Profitability
Return on assets (EBIT) 23.7% avg 5y
Operating margin 49.7% TTM
Growth
Revenue (TTM) $1.8T TTM
Revenue growth (YoY) +13.2% 3y avg +22.6%
EPS growth (YoY) +12.4%
Balance sheet & cash flow
Free cash flow $269B FY2025
Net debt $869B FY2025 · ≈ 3.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 49

Profitability 55
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 2
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Transportadora de Gas del Sur S.A. engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.

Full company description

Transportadora de Gas del Sur S.A. engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications. The Natural Gas Transportation segment transports natural gas through pipeline system to distribution companies, power plants, and industrial customers. It provides operation and maintenance services for the natural gas transportation facilities. The Liquids Production and Commercialization segment produces and commercializes natural gas liquids, such as ethane, liquid petroleum gas, natural gasoline, propane, and butane. This segment offers certain related services comprising reception, storage, and dispatch of the liquids. The Midstream segment provides natural gas conditioning services; treatment, removal of impurities and natural gas compression, including the collection and transport of natural gas; and inspection and maintenance of pipelines and compressor plants services. In addition, this segment offers steam generation for electricity production and management services for expansion works and steam generation for the production of electricity. The Telecommunications segment offers data transmission services through a network of digital terrestrial radio relay. It serves residential, commercial, industrial, and electric power generation end users. The company was incorporated in 1992 and is headquartered in Buenos Aires, Argentina. Transportadora de Gas del Sur S.A. operates as a subsidiary of Compañía de Inversiones de Energía S.A.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Transportadora de Gas del Sur SA ADR reported revenue of 2.0T ARS in FY2025 versus 527B ARS in FY2021, a compound +39.4%/yr. Reported net income was 490B ARS in FY2025, compounding +40.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$2.0T
Latest YoY
+63.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+64.8%
Avg. revenue growth/yr (27Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+37.1%
Value creation/yr (5Y, in ARS) Earnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year. Measured in ARS: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+89.1% (86.1 + 3.0)
Revenue +39.4%/yr
FY21 527B ARS
FY22 1.1T ARS
FY23 967B ARS
FY24 1.2T ARS
FY25 2.0T ARS
Net income +40.2%/yr
FY21 127B ARS
FY22 219B ARS
FY23 51.2B ARS
FY24 370B ARS
FY25 490B ARS

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Cite: Fair Value Calculator (2026). "Transportadora de Gas del Sur SA ADR Fair Value". https://www.fairvalue-calculator.com/stock/TGS

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Oil & Gas Integrated · 53 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 57 · Above median
Fair Value upside +11% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 10% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 50% · Top 25%
Revenue growth 13% · Top 25%
Dividend yield (TTM) 3.0% · Below median
Debt / equity 0.47× · Higher than median

Valuation Multiples vs Oil & Gas Integrated median · lower = cheaper

P/E (TTM) 15.8× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE47 · sector 5
FUTURE66 · sector 12
PAST57 · sector 43
HEALTH77 · sector 86
DIVIDEND60 · sector 74

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Exxon Mobil Corporation XOM $156.44 $88.98 −43%
Chevron Corporation CVX $201.86 $90.66 −55%
PetroChina Company 601857 ¥11.23 ¥15.47 +38%
Shell plc SHELL €40.28 €39.46 −2%
TotalEnergies SE TOTB €75.55 €69.02 −9%
Petróleo Brasileiro S.A XPBRA €7.11 €2.03 −71%
China Petroleum & Chemical Corporation 600028 ¥5.52 ¥4.59 −17%
Equinor ASA EQNR kr 395.90 kr 338.01 −15%
Suncor Energy Inc SU C$94.21 C$59.11 −37%
Eni S.p.A E $55.12 $32.53 −41%

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Frequently asked questions

Is Transportadora de Gas del Sur SA ADR (TGS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $31.92 versus a price of $28.86, about +11% upside (undervalued).
What is the fair value of TGS?
Our model-based fair value for Transportadora de Gas del Sur SA ADR is $31.92 (as of Aug 13, 2026), built from audited fundamentals. The current price: $28.86.
What is the quality score of TGS?
Transportadora de Gas del Sur SA ADR has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Transportadora de Gas del Sur SA ADR (TGS)?
Transportadora de Gas del Sur SA ADR reported trailing-twelve-month revenue of about $1.8T (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TGS?
The net profit margin of Transportadora de Gas del Sur SA ADR is about 24.7%, meaning it keeps roughly 24.7% of revenue as net income. Based on the latest reported figures.
Does Transportadora de Gas del Sur SA ADR pay a dividend?
Transportadora de Gas del Sur SA ADR currently shows a dividend yield of about 3.01% relative to its recent price (as of Aug 13, 2026).
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