Transportadora de Gas del Norte S.A. (TGNO4.BA)

Transportadora de Gas del Norte S.A. (TGNO4.BA) — VMCI valuation read

Across 120 indicators, Transportadora de Gas del Norte S.A. (TGNO4.BA) lands at VMCI 70/100. The Energy sector median is 50, so the 20-point above-median read is the active comparison. Pillar weighting on the score: Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%.

No material Form 4 disclosures landed on TGNO4.BA in the past 30 days. Quiet insider tape removes one signal source; the active reads stay with the trailing-twelve-month financials and the next 10-Q.

**Investor frame.** On Value, TGNO4.BA trades at 27.0x earnings, 50% above the Energy median of 18.0x; the EV/EBITDA delta of -2.0x reinforces that single line. On Quality, ROIC of 13.0% sits 3.0pp above the Energy median (10.0%). On Risk, net debt to EBITDA of -2.1x leaves covenant headroom for TGNO4.BA on the trailing balance sheet.

TGNO4.BA rose 2.5% over the trailing 7 days, with a -21.5% read on a 30-day basis.