Transportadora de Gas del Sur SA B (TGSU2) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Transportadora de Gas del Sur SA B stock ARS 3,305, price ARS 7,220, that is 54.2% below the price, quality 50 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 154.80 ARS – 10,320 ARS · fair‑value band 3,072 ARS – 3,657 ARS · the 7,220 ARS price screens above the 3,305 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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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.
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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.
Stock analysis
Transportadora de Gas del Sur SA B (TGSU2) currently trades at 7,220 ARS, while our model-based Fair Value estimate is 3,305 ARS, 54% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 7,088 ARS per share, and 3 of the 24 models we run sit above the 7,220 ARS price.
Bear case: the Growth DCF group reads lowest at 1,585 ARS, and 21 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 3,072 ARS (bear) to 3,657 ARS (bull), the price of 7,220 ARS sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Transportadora de Gas del Sur SA B reported revenue of 1.7T ARS in FY2025 versus 89.0B ARS in FY2021, a compound +109.3%/yr. Reported net income was 421B ARS in FY2025, compounding +111.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 5.9T ARS (≈ $3.8B) Mid · P/E ratio 10.2 · P/S ratio 3.23 · EPS (TTM) 770.31 ARS · Dividend yield 3.9% · Net margin 26.6% · Return on equity 13.7% · Return on assets (EBIT) 20.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −15% fair-value upside, at −54%, TGSU2 screens richer than that median.
Fair Value models
Bear3,072 ARSFair Value 3,305 ARSBull3,657 ARS
Price 7,220 ARS · Downside -54.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (658.46 ARS per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+98.1%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+81.0%
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What shareholders gained per year (last 3 years), in ARS (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+40.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.1%
Dividend (yield on the price)3.9%
Per share before 2019divided by the spin-off factor 1.0385
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.41% → 45%
2025 sits 92% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Argentina: IMF forecast 13.8% a year to 2030) that is about +19.0% a year for the price and −4.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Transportadora de Gas del Sur SA B with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Oil & Gas Integrated · 43 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−54.2% · Bottom 25%
Profitability
Return on equity (12 months)13.7% · Above median
Return on assets7.8% · Top 25%
Net margin (12 months)26.6% · Top 25%
Operating margin (12 months)38.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)24.8% · Below median
Dividend yield (12 months)3.9% · Above median
Balance sheet
Debt / equity0.47× · Highest 25%
Valuation Multiplesvs Oil & Gas Integrated median · lower = cheaper
P/E (12 months)10.2× · Cheaper than median
P/B1.88× · Pricier than median
P/S (12 months)3.23× · Priciest 25%
Price / free cash flow (fiscal year)25.5× · Pricier than median
EV/EBITDA6.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 14
FUTURE (revenue growth)100· sector 100
PAST (return on equity)55· sector 53
HEALTH (low debt)77· sector 87
DIVIDEND (yield)79· sector 73
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Transportadora de Gas del Sur SA B Fair Value". https://www.fairvalue-calculator.com/stock/TGSU2
Frequently asked questions
Is Transportadora de Gas del Sur SA B (TGSU2) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 3,305 ARS versus a price of 7,220 ARS, about 54% lower (overvalued).
What is the fair value of TGSU2?
Our model-based fair value for Transportadora de Gas del Sur SA B is 3,305 ARS (as of Nov 5, 2026), built from audited fundamentals. The current price: 7,220 ARS.
What is the quality score of TGSU2?
Transportadora de Gas del Sur SA B has a Quality Score of 50/100. 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 price target for Transportadora de Gas del Sur SA B (TGSU2)?
Our model-based price target is the fair value of 3,305 ARS (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 3,072 ARS, optimistic scenario 3,657 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Transportadora de Gas del Sur SA B stock forecast for 2026?
Our models put fair value at 3,305 ARS, about 54% lower versus a price of 7,220 ARS (overvalued). Cautious scenario 3,072 ARS, optimistic scenario 3,657 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Transportadora de Gas del Sur SA B (TGSU2)?
Transportadora de Gas del Sur SA B reported trailing-twelve-month revenue of about 1.8T ARS (latest available figure, as of Nov 5, 2026).
Does Transportadora de Gas del Sur SA B pay a dividend?
Transportadora de Gas del Sur SA B currently shows a dividend yield of 3.93% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Transportadora de Gas del Sur SA B (TGSU2)?
Transportadora de Gas del Sur SA B has a dividend yield of 3.9%.
What growth is priced into Transportadora de Gas del Sur SA B (TGSU2)?
For today's price to be fair in a discounted-cash-flow model, Transportadora de Gas del Sur SA B would have to grow free cash flow by +35.5 % per year for five years (discount rate 19.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +98.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of TGSU2 use?
Our models discount Transportadora de Gas del Sur SA B at 19.2 %: a base by market capitalisation (mid), country premium for Argentina. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Transportadora de Gas del Sur SA B that is +35.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (19.2 %) and the same formula as our fair value.
How much growth has Transportadora de Gas del Sur SA B (TGSU2) delivered so far?
Over the past 5 years revenue at Transportadora de Gas del Sur SA B grew +98.1 % a year. The price currently implies free-cash-flow growth of +35.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Transportadora de Gas del Sur SA B (TGSU2) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Transportadora de Gas del Sur SA B (+35.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Transportadora de Gas del Sur SA B (TGSU2)?
The free-cash-flow yield on the price is 4.25 %: that much free cash flow Transportadora de Gas del Sur SA B produces per unit of market value. When it exceeds the discount rate of our models (19.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Transportadora de Gas del Sur SA B (TGSU2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Transportadora de Gas del Sur SA B it is 3,305 ARS per share (as of Nov 5, 2026), against a price of 7,220 ARS. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Transportadora de Gas del Sur SA B stock overvalued or undervalued in 2026?
As of Nov 5, 2026, TGSU2 trades above its calculated fair value: price 7,220 ARS, fair value 3,305 ARS, a gap of about −54% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TGSU2?
No. The price is what the market pays today (7,220 ARS); the fair value is what the company's own numbers justify (3,305 ARS). For Transportadora de Gas del Sur SA B the two are 3,915 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Transportadora de Gas del Sur SA B worth?
The market values Transportadora de Gas del Sur SA B at about 5.9T ARS (market capitalisation, as of Nov 5, 2026). Per share that is 7,220 ARS; our models calculate a fair value of 3,305 ARS per share.
What do the bullish and bearish scenarios say about TGSU2?
Our models span a range for Transportadora de Gas del Sur SA B: cautious scenario 3,072 ARS, base 3,305 ARS, optimistic 3,657 ARS per share (as of Nov 5, 2026, price 7,220 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TGSU2?
Transportadora de Gas del Sur SA B trades at a price-to-earnings ratio of 10.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,305 ARS is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings, FY2025 ex one-offs: 10.9. Other multiples: P/B 1.9, P/S 3.2, EV/EBITDA 6.2.
How solid is the balance sheet of Transportadora de Gas del Sur SA B (TGSU2)?
Balance-sheet figures for Transportadora de Gas del Sur SA B (as of Nov 5, 2026): return on equity 13.7%, debt of 0.47 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is TGSU2 from its 52-week high?
Transportadora de Gas del Sur SA B trades at 7,220 ARS, about 30% below its 52-week high of 10,320 ARS and at the low of 7,220 ARS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,305 ARS is for.
Which stocks are comparable to Transportadora de Gas del Sur SA B?
From the same area (Energy) we also value Saudi Arabian Oil Company, Exxon Mobil Corporation, Chevron Corporation, PetroChina Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Transportadora de Gas del Sur SA B stock attractive at the current price?
The data as of Nov 5, 2026: price 7,220 ARS, calculated fair value 3,305 ARS (−54%), Quality Score 50/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TGSU2 calculated?
We run Transportadora de Gas del Sur SA B through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 3,305 ARS builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Transportadora de Gas del Sur SA B itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Transportadora de Gas del Sur SA B (TGSU2)?
The closing price on Nov 6, 2026 was 7,220 ARS. Our model-based fair value is 3,305 ARS, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Transportadora de Gas del Sur SA B right now?
The price sits above even our optimistic bull case (3,657 ARS). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Transportadora de Gas del Sur SA B
How large is the market capitalisation of Transportadora de Gas del Sur SA B (TGSU2)?
The market capitalisation of Transportadora de Gas del Sur SA B is 5.9T ARS (≈ $3.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Transportadora de Gas del Sur SA B (TGSU2)?
The price-to-sales ratio of Transportadora de Gas del Sur SA B is 3.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Transportadora de Gas del Sur SA B (TGSU2)?
Earnings per share at Transportadora de Gas del Sur SA B are 770.31 ARS (price ÷ EPS = P/E 10.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Transportadora de Gas del Sur SA B (TGSU2)?
The dividend yield of Transportadora de Gas del Sur SA B is 3.9% (payout 36.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Transportadora de Gas del Sur SA B (TGSU2)?
The net margin of Transportadora de Gas del Sur SA B is 26.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Transportadora de Gas del Sur SA B (TGSU2)?
The return on equity (ROE) of Transportadora de Gas del Sur SA B is 13.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Transportadora de Gas del Sur SA B (TGSU2)?
On an EBIT basis the return on assets of Transportadora de Gas del Sur SA B is 20.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Transportadora de Gas del Sur SA B (TGSU2)?
The operating margin of Transportadora de Gas del Sur SA B is 38.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Transportadora de Gas del Sur SA B (TGSU2)?
Revenue at Transportadora de Gas del Sur SA B is growing +24.8% versus a year earlier (3y avg +16.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Transportadora de Gas del Sur SA B (TGSU2)?
Earnings per share at Transportadora de Gas del Sur SA B are growing −1.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Transportadora de Gas del Sur SA B (TGSU2) carry?
The net debt of Transportadora de Gas del Sur SA B is 688B ARS (fiscal year 2025, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026