Discounted Cash Flow

GAS Transporter of the South Inc. ADR

TGS · Based on 10 years of SEC filings

Average annual growth rates

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

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 $7.4b $930.7m $1.9b 12.6% $1.17
2017 $12.2b (65.4%) $2.8b (200.1%) $3.2b (71.0%) 22.8% (81.4%) $3.52 (200.9%)
2018 $34.1b (178.1%) $11.4m (-99.6%) $11.4b (259.5%) 0.0% (-99.9%) $14.48 (311.4%)
2019 $48.6b (42.6%) $12.8m (12.2%) $10.9b (-4.1%) 0.0% (-21.3%) $33.38 (130.5%)
2020 $55.9b (15.1%) $3.3m (-74.3%) $25.8b (136.5%) 0.0% (-77.7%) $6.51 (-80.5%)
2021 $89.0b (59.3%) $20.9b (636840.5%) $30.3b (17.5%) 23.5% (399857.8%) $27.81 (327.2%)
2022 $164.5b (84.9%) $32.3b (54.4%) $35.4b (16.9%) 19.6% (-16.5%) $42.93 (54.4%)
2023 $452.8b (175.2%) $23.5b (-27.2%) $128.9b (264.1%) 5.2% (-73.6%) $31.24 (-27.2%)
2024 $1.2t (169.4%) $370.2b (1474.0%) $354.5b (174.9%) 30.3% (484.3%) $491.74 (1474.1%)
2025 $1.7t (41.1%) $644.0b (74.0%) $349.7b (-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:

Values abbreviated: b = billions, m = millions, k = thousands.

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