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PetroVietNam Low Pressure Gas Distribution Joint Stock Company (PGD) Fair Value & Analysis

Energy · VN · Market cap 2.2T VND

PL PetroVietNam Low Pressure Gas Distribution Joint Stock Company PGD · VN
Price22,750 VND
Fair Value32,638 VND
Upside+43.5%
Quality63/100
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Expensive Growth
Thin margins · 2.1% net margin
negative free cash flow
Mixed vs. peers (6/12)
Narrow moat 39/100
Evidence: High Range 25,794 VND – 39,677 VND Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 33,311 VND to 32,638 VND (−2.0%) since Jun 24, 2026. Share price +5.8% over the past month.

A solid business, screening 43% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (25,794 VND). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

46,882 VND 19,103 VND Fair Value 32,638 VND Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 19,103 VND – 46,882 VND · fair‑value band 25,794 VND – 39,677 VND · the 22,750 VND price screens below the 32,638 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PetroVietNam Low Pressure Gas Distribution Joint Stock Company (PGD) currently trades at 22,750 VND, while our model-based Fair Value estimate is 32,638 VND, implying the stock looks roughly 43.5% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PetroVietNam Low Pressure Gas Distribution Joint Stock Company generated revenue of 11.4T VND at a net margin of 2.1%. Revenue declined 2.7% year over year. It earns a return on equity of 15.5%. The stock trades on a trailing P/E of 10.1. Fundamentals as of Jul 16, 2026

Our scenario range runs from 25,794 VND (bear case) to 39,677 VND (bull case); at 22,750 VND, the current price sits below 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 22% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -11% fair-value upside, at 43%, PGD screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Residual Income 13,886 VND 15,990 VND 25,846 VND 76
Gordon GGM 14,429 VND 31,500 VND 53,000 VND 70
Growth-Adj P/E 17,899 VND 25,571 VND 33,242 VND 68
All 17 models by family
DCF Models
Owner Earnings 36,303 VND 50,343 VND 72,431 VND 31
Earnings-Based
Graham-Dodd 11,564 VND 33,522 VND 44,255 VND 54
Lynch FV 6,940 VND 9,914 VND 12,889 VND 50
PEG = 1.0 6,940 VND 9,914 VND 12,889 VND 46
EPV 19,823 VND 21,327 VND 22,665 VND 59
Dividend Discount
Gordon GGM 14,429 VND 31,500 VND 53,000 VND 70
DDM Multi-Stage 14,429 VND 23,587 VND 32,828 VND 61
Multiples
P/E Multiple 21,682 VND 28,910 VND 36,137 VND 63
P/S Multiple 21,682 VND 28,910 VND 36,137 VND 58
P/B Multiple 21,682 VND 28,910 VND 36,137 VND 55
EV/EBIT 29,203 VND 35,172 VND 41,141 VND 53
EV/EBITDA 27,807 VND 33,311 VND 38,815 VND 54
EV/Revenue 26,815 VND 33,466 VND 40,118 VND 43
Asset-Based
NCAV (Graham) 7,452 VND 9,986 VND 14,904 VND 50
Economic Profit
Residual Income 13,886 VND 15,990 VND 25,846 VND 76
ROIC Compounder 20,389 VND 22,787 VND 25,537 VND 67
Growth Earnings
Growth-Adj P/E 17,899 VND 25,571 VND 33,242 VND 68

Widest divergence: DCF Models (50,343 VND) versus Earnings-Based (9,914 VND). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 11.4T VND
Revenue growth (YoY) -2.7%
Net margin 2.1%
Return on equity 15.5%
Free cash flow −55.7B VND FY2025
P/E ratio 10.1
More key figures
Operating margin 3.1%
EPS (TTM) 2,234 VND
EPS growth (YoY) +482,675%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 44

Profitability 48
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 20
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.

About the company

PetroVietNam Low Pressure Gas Distribution Joint Stock Company engages in the trading and transportation of natural gas in Vietnam. It offers low pressure and re-gasified gas from liquefied natural gas products. The company also provides technical services, including consulting, design, installation, inspection, supervision, and maintenance and repair.

Full company description

PetroVietNam Low Pressure Gas Distribution Joint Stock Company engages in the trading and transportation of natural gas in Vietnam. It offers low pressure and re-gasified gas from liquefied natural gas products. The company also provides technical services, including consulting, design, installation, inspection, supervision, and maintenance and repair. The company was formerly known as Low Pressure Gas Business Enterprise. PetroVietNam Low Pressure Gas Distribution Joint Stock Company was founded in 2002 and is headquartered in Ho Chi Minh City, Vietnam.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PetroVietNam Low Pressure Gas Distribution Joint Stock Company reported revenue of 11.5T VND in FY2025 versus 9.0T VND in FY2021, a compound +6.2%/yr. Reported net income was 168B VND in FY2025, compounding −9.8%/yr from FY2021.

Growth Quality 51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
11.5T VND
Latest YoY
+4.7%
Avg. 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.
+0.5%
Avg. 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.
+8.8%
Avg. growth/yr (6Y) 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.
+6.2%
Revenue +6.2%/yr
FY21 9.0T VND
FY22 11.3T VND
FY23 9.9T VND
FY24 10.9T VND
FY25 11.5T VND
Net income −9.8%/yr
FY21 254B VND
FY22 413B VND
FY23 266B VND
FY24 249B VND
FY25 168B VND

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Cite: Fair Value Calculator (2026). "PetroVietNam Low Pressure Gas Distribution Joint Stock Company Fair Value". https://www.fairvalue-calculator.com/stock/PGD

Peer Group

Oil & Gas Integrated · 54 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 63 · Top 25%
Fair Value upside +44% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 5% · Below median
Net margin (TTM) 2% · Bottom 25%
Operating margin (TTM) 3% · Bottom 25%
Revenue growth -3% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

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

P/E (TTM) 9.9× · Cheaper than 75% of peers
P/B 1.48× · Pricier than median
P/S (TTM) 0.19× · Cheaper than 75% of peers
EV/EBITDA 3.5× · Cheaper than 75% of peers

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.

VALUE 91 · sector 13
FUTURE 0 · sector 7
PAST 62 · sector 45
HEALTH 0 · sector 87
DIVIDEND 0 · sector 79

Values & ESG

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

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Saudi Arabian Oil Company 2222 26.72 SAR 20.14 SAR -25%
Exxon Mobil Corporation XOM $144.51 $90.37 -37%
Chevron Corporation CHEV C$22.88 C$7.97 -65%
PetroChina Company 601857 ¥10.29 ¥16.51 +60%
Shell plc SHELL €38.04 €46.09 +21%
TotalEnergies SE TTE C$13.80 C$7.92 -43%
Petróleo Brasileiro S.A PETR3 12,540 ARS 30,914 ARS +147%
BP p.l.c., an integrated energy company, BP $40.83 $12.71 -69%
China Petroleum & Chemical Corporation 600028 ¥5.03 ¥4.46 -11%
Equinor ASA EQNR $36.19 $34.53 -5%

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Frequently asked questions

Is PetroVietNam Low Pressure Gas Distribution Joint Stock Company (PGD) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 32,638 VND versus a price of 22,750 VND, about +43% (undervalued).
What is the fair value of PGD?
Our model-based fair value for PetroVietNam Low Pressure Gas Distribution Joint Stock Company is 32,638 VND (as of Jul 16, 2026), built from audited fundamentals. The current price is 22,750 VND.
What is the quality score of PGD?
PetroVietNam Low Pressure Gas Distribution Joint Stock Company has a Quality Score of 63/100. 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 PetroVietNam Low Pressure Gas Distribution Joint Stock Company (PGD)?
PetroVietNam Low Pressure Gas Distribution Joint Stock Company reported trailing-twelve-month revenue of about 11.4T VND (latest available figure, as of Jul 16, 2026).
What is the net profit margin of PGD?
The net profit margin of PetroVietNam Low Pressure Gas Distribution Joint Stock Company is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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