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PETRONAS Gas Berhad (PNAGF)

New York Stock Exchange Utilities Regulated GasView data quality →
56.9Fair

ValueMarkers Composite Index

Top 63%#16,625 of 44,722
Undervalued

49% below intrinsic value ($2)

UndervaluedFair ValueOvervalued
Piotroski
4/9
Neutral
Beneish
-3.14
Low Risk
Altman
2.35
Grey Zone
DCF Value
$2
Undervalued
ROIC
9.6%
Adequate
P/E
21.1
Fair
Updated: ·Source: Data sourced from SEC filings and institutional providers. Not financial advice.·Report data issue

PETRONAS Gas Berhad (PNAGF) — VMCI valuation read

PETRONAS Gas Berhad (PNAGF) carries a VMCI composite of 57/100, 7 points above the Utilities sector median of 50. Among mid-cap names, that gap places PNAGF in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The PNAGF insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads PNAGF trades at 26.0x earnings, 44% above the Utilities median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Utilities 12.0x. Quality: ROIC of 14.0% sits 4.0pp above the Utilities median (10.0%). Risk: net debt to EBITDA of 2.6x is the rate-sensitivity line to watch, the line to track on PETRONAS Gas Berhad's next 10-Q.

PNAGF fell 0.9% over the trailing 7 days, with a -1.5% read on a 30-day basis.

PETRONAS Gas Berhad operates as a gas infrastructure and utilities company in Malaysia. The company engages in separating natural gas into components; and storing, transporting, distributing, and selling such components to industrial utilities. It operates through four segments: Gas Processing, Gas Transportation, Regasification, and Utilities. The Gas Processing segment processes natural gas from the gas fields of the East Coast of Peninsular Malaysia into sales gas and other by-products, such as ethane, propane, and butane. The Gas Transportation segment engages in the transportation of sales gas through its 2,623 kilometers of peninsular gas utilization pipeline network, as well as pengerang gas pipeline network. It also transports small volumes of sales gas through its gas distribution system in Miri and Bintulu, and Sarawak; exports sales gas to Singapore; and offers operation and maintenance services. The Regasification segment engages in the regasification of liquefied natural gas (LNG), as well as provides LNG reloading, truck loading, and gassing up and cooling down services. The Utilities segment manufactures, markets, and supplies industrial utilities to the petrochemical complexes in the Kertih and Gebeng Industrial Area. This segment offers electricity, steam, and industrial gases; and operations and maintenance services, as well as other utility products, such as oxygen, nitrogen, demineralized water, raw water, cooling water, and boiler feed water to petrochemical complexes and national electricity grid. The company was incorporated in 1983 and is based in Kuala Lumpur, Malaysia. PETRONAS Gas Berhad is a subsidiary of Petroliam Nasional Berhad.

CEO: Abdul Aziz bin OthmanMYwww.petronasgas.com

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