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TGNO4.BA$4320.00+2.43%
Fair $4320.00+0.0%

TGNO4.BA

Transportadora de Gas del Norte S.A.

Energy / Oil & Gas MidstreamBuenos Aires

$4320.00

+102.50 (+2.43%)

Fairly Valued+0.0%Fair Value $4320.00Fund rank 25/100 · Data gapFallback financials|
SA 75/B
F-Score: 8/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $-16.0B · quality 43.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 12/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

75/100

B

Piotroski

8/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists.
Thesis & Journal · TGNO4.BALocal privado en este navegador · Transportadora de Gas del Norte S.A.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.90T

P/E

11.0x

↓

EV/EBITDA

4.5x

↓

ROE

21.5%

↑

Gross Margin

58.7%

↑

Debt/Equity

0.02

↓
52-Week Range$4320
$1985$5235

TradingView lightweight chart

TGNO4.BA price, volumen y niveles de valoración

Último $4,320Periodo +479900.0%
Fair value: $4,320

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+67.6%

FCF CAGR

+135.3%

FCF margin

59.2%

FCF / Net income

1.62x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $600.59B · net income $219.04B · FCF $355.49B

2022-FY → 2025-FY

Gross margin

58.7%+56.4% pts

Operating margin

45.2%+60.8% pts

Net margin

36.5%+54.0% pts

FCF margin

59.2%+37.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$600.59B$600.59B$500.80B$216.54B$127.50B
Net Income$219.04B$219.04B$48.53B$133.39B$-22.34B
EBITDA$419.93B$419.93B$133.27B$300.81B$33.28B
EPS498.52498.52110.45303.59-50.85
Gross Margin58.7%58.7%50.2%4.6%2.3%
Operating Margin45.2%45.2%32.9%-26.1%-15.7%
Net Margin36.5%36.5%9.7%61.6%-17.5%
Balance Sheet
Debt/Equity0.020.020.110.140.10
Current Ratio2.892.89———
Cash Flow
Free Cash Flow$355.49B$355.49B$-15.98B$-102.46B$27.27B
Returns
ROE21.5%21.5%4.5%15.1%-3.0%
Valuation
P/E10.9810.9839.757.00—
EV/EBITDA4.544.5415.173.496.88
P/B1.861.861.781.050.23
Growth & Yield
Revenue Growth19.9%19.9%131.3%69.8%—
EPS Growth351.4%351.4%-63.6%697.0%—
Dividend Yield13.7%13.7%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-8.4%

fácil

EPS terminal req.

$383.33

Spread vs growth

359.7%

5Y implied EPS CAGR

-1.4%

fácil

EPS terminal req.

$463.83

Spread vs growth

352.8%

10Y implied EPS CAGR

4.1%

fácil

EPS terminal req.

$747.00

Spread vs growth

347.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +37.1%

Total return

+37.1%

Start / end P/E

31.7x → 8.7x

EPS bridge

110.45 → 498.52

Residual

-255.3%

EPS growth+351.4%
Multiple rerating-72.7%
Dividend+13.7%
Residual / FX / buybacks / cross-term-255.3%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.