Discounted Cash Flow

GAS Transporter of the South Inc. ADR

TGS · Based on 10 years of SEC filings · Converted from ARS to USD

⚠ Cash flow predictability 68/100 (moderate) — FCF YoY std dev 45%, net income 73% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $4.9m $614.2k $1.2m 12.6% $1.17
2017 $8.1m (65.4%) $1.8m (200.1%) $2.1m (71.0%) 22.8% (81.4%) $3.52 (200.9%)
2018 $22.5m (178.1%) $7.5k (-99.6%) $7.5m (259.5%) 0.0% (-99.9%) $14.48 (311.4%)
2019 $32.1m (42.6%) $8.5k (12.2%) $7.2m (-4.1%) 0.0% (-21.3%) $33.38 (130.5%)
2020 $36.9m (15.1%) $2.2k (-74.3%) $17.0m (136.5%) 0.0% (-77.7%) $6.51 (-80.5%)
2021 $58.7m (59.3%) $13.8m (636840.5%) $20.0m (17.5%) 23.5% (399857.8%) $27.81 (327.2%)
2022 $108.6m (84.9%) $21.3m (54.4%) $23.4m (16.9%) 19.6% (-16.5%) $42.93 (54.4%)
2023 $298.9m (175.2%) $15.5m (-27.2%) $85.1m (264.1%) 5.2% (-73.6%) $31.24 (-27.2%)
2024 $805.0m (169.4%) $244.3m (1474.0%) $234.0m (174.9%) 30.3% (484.3%) $491.74 (1474.1%)
2025 $1.1b (41.1%) $425.1m (74.0%) $230.8m (-1.4%) 37.4% (23.3%) $559.09 (13.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in ARS. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model