Risk factor
High price volatility
Profitability factor
Greatly undervalued vs peers
About
Transportadora de Gas del Norte S.A. (TGN) is primarily engaged in the conveyance of natural gas throughout Argentina's northern and central-western regions. The company manages and maintains an extensive network of approximately 11,100 kilometers of pipelines, which includes both its proprietary infrastructure and systems owned by third parties. Beyond its core transportation activities, TGN offers a comprehensive suite of specialized services to external pipeline operators. These services encompass operation, upkeep, integrity assessment, pipeline connection and hot tapping, engineering, project management, consultancy, training, safety and environmental stewardship, SCADA and communication systems, community engagement, damage prevention, and custom project solutions. TGN delivers these offerings across Argentina, Chile, Mexico, Peru, and Uruguay. Established in 1992, the firm's main office is located in Buenos Aires, Argentina. Transportadora de Gas del Norte S.A. functions as a subsidiary of Gasinvest S.A.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT