Metrogas SA
MetroGAS S.A. engages in the distribution of natural gas primarily in Argentina. The company was formerly known as Distribuidora de Gas Metropolitano SA. MetroGAS S.A. was incorporated in 1992 and is based in Buenos Aires, Argentina. MetroGAS S.A. operates as a subsidiary of YPF Sociedad Anónima.
Metrogas SA (METR) - Net Assets
Latest net assets as of September 2025: AR$874.93 Billion ARS
Based on the latest financial reports, Metrogas SA (METR) has net assets worth AR$874.93 Billion ARS as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AR$1.37 Trillion) and total liabilities (AR$499.78 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AR$874.93 Billion |
| % of Total Assets | 63.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | 4279.24% |
| 10-Year Change | N/A |
| Growth Volatility | 374.51 |
Metrogas SA - Net Assets Trend (2015–2024)
This chart illustrates how Metrogas SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Metrogas SA (2015–2024)
The table below shows the annual net assets of Metrogas SA from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AR$630.54 Billion | +32.56% |
| 2023-12-31 | AR$475.65 Billion | +1102.85% |
| 2022-12-31 | AR$39.54 Billion | +127.96% |
| 2021-12-31 | AR$17.35 Billion | +20.48% |
| 2020-12-31 | AR$14.40 Billion | -29.70% |
| 2019-12-31 | AR$20.48 Billion | -19.66% |
| 2018-12-31 | AR$25.49 Billion | +183.58% |
| 2017-12-31 | AR$8.99 Billion | +755.14% |
| 2016-12-31 | AR$-1.37 Billion | -78.72% |
| 2015-12-31 | AR$-767.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Metrogas SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 134425800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | AR$629.27 Billion | 100.00% |
| Total Equity | AR$629.27 Billion | 100.00% |
Metrogas SA Competitors by Market Cap
The table below lists competitors of Metrogas SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korea Electric Terminal
KO:025540
|
$339.54 Million |
|
HCR Co Ltd
SHG:688500
|
$339.58 Million |
|
Atrium Mortgage Investment Corporation
PINK:AMIVF
|
$339.62 Million |
|
SIGNATUREGLOBAL (INDIA) LIMITED
NSE:SIGNATURE
|
$339.66 Million |
|
JPPPF
PINK:JPPPF
|
$339.45 Million |
|
Grupo Nacional Provincial S.A.B
MX:GNP
|
$339.34 Million |
|
TX Group AG
SW:TXGN
|
$339.30 Million |
|
SUNRISE ENERGY META. LTD.
F:4CQA
|
$339.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metrogas SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 474,858,000,000 to 629,273,000,000, a change of 154,415,000,000 (32.5%).
- Net income of 154,415,000,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$154.41 Billion | +24.54% |
| Total Change | AR$- | 32.52% |
Book Value vs Market Value Analysis
This analysis compares Metrogas SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.87x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 131.00x to 1.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AR$15.79 | AR$2068.00 | x |
| 2018-12-31 | AR$689000.49 | AR$2068.00 | x |
| 2019-12-31 | AR$35.90 | AR$2068.00 | x |
| 2020-12-31 | AR$25.27 | AR$2068.00 | x |
| 2021-12-31 | AR$30.42 | AR$2068.00 | x |
| 2022-12-31 | AR$69.23 | AR$2068.00 | x |
| 2023-12-31 | AR$834.55 | AR$2068.00 | x |
| 2024-12-31 | AR$1105.93 | AR$2068.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metrogas SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.69%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.75x
- Recent ROE (24.54%) is above the historical average (4.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | -12.21% | 1.15x | 0.00x | AR$-487.39 Million |
| 2016 | 0.00% | -7.46% | 1.22x | 0.00x | AR$-462.21 Million |
| 2017 | 8.60% | 6.34% | 0.60x | 2.25x | AR$-125.63 Million |
| 2018 | 9.14% | 10.02% | 0.47x | 1.93x | AR$-220.08 Million |
| 2019 | 5.46% | 1.85% | 0.93x | 3.18x | AR$-926.96 Million |
| 2020 | -38.01% | -11.00% | 0.75x | 4.62x | AR$-6.91 Billion |
| 2021 | -25.39% | -7.90% | 0.62x | 5.23x | AR$-6.13 Billion |
| 2022 | 14.39% | 5.29% | 0.68x | 3.98x | AR$1.73 Billion |
| 2023 | 43.74% | 29.41% | 0.71x | 2.09x | AR$160.24 Billion |
| 2024 | 24.54% | 16.69% | 0.84x | 1.75x | AR$91.49 Billion |
Industry Comparison
This section compares Metrogas SA's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $225,591,730,667
- Average return on equity (ROE) among peers: 47.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metrogas SA (METR) | AR$874.93 Billion | 0.00% | 0.57x | $339.47 Million |
| Camuzzi Gas Pampeana SA (CGPA2) | $223.35 Billion | 79.81% | 0.95x | $104.42 Million |
| Distribuidora de Gas Cuyana SA (DGCU2) | $604.38 Million | 22.60% | 2.61x | $166.65 Million |
| Naturgy BAN SA (GBAN) | $452.83 Billion | 40.43% | 0.44x | $196.70 Million |