Transportadora de Gas del Norte SA Class C (TGNO4) - Net Assets
Based on the latest financial reports, Transportadora de Gas del Norte SA Class C (TGNO4) has net assets worth AR$1.02 Trillion ARS (≈ $738.88 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AR$1.30 Trillion ≈ $942.64 Million USD) and total liabilities (AR$281.59 Billion ≈ $203.76 Million USD). 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. Check TGNO4 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AR$1.02 Trillion |
| % of Total Assets | 78.38% |
| Annual Growth Rate | 124.62% |
| 5-Year Change | 1376.26% |
| 10-Year Change | 1827680.67% |
| Growth Volatility | 8024.93 |
Transportadora de Gas del Norte SA Class C - Net Assets Trend (2015–2025)
This chart illustrates how Transportadora de Gas del Norte SA Class C's net assets have evolved over time, based on quarterly financial data. See Transportadora de Gas del Norte SA Class defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Transportadora de Gas del Norte SA Class C (2015–2025)
The table below shows the annual net assets of Transportadora de Gas del Norte SA Class C from 2015 to 2025. For live valuation and market cap data, see TGNO4 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AR$1.02 Trillion ≈ $738.88 Million |
-5.88% |
| 2024-12-31 | AR$1.08 Trillion ≈ $785.02 Million |
+139.68% |
| 2023-12-31 | AR$452.63 Billion ≈ $327.52 Million |
+256.03% |
| 2022-12-31 | AR$127.13 Billion ≈ $91.99 Million |
+83.80% |
| 2021-12-31 | AR$69.17 Billion ≈ $50.05 Million |
+25.78% |
| 2020-12-31 | AR$54.99 Billion ≈ $39.79 Million |
+28.08% |
| 2019-12-31 | AR$42.93 Billion ≈ $31.07 Million |
+47.66% |
| 2018-12-31 | AR$29.08 Billion ≈ $21.04 Million |
+93.39% |
| 2017-12-31 | AR$15.04 Billion ≈ $10.88 Million |
+26813.40% |
| 2016-12-31 | AR$55.87 Million ≈ $40.42K |
-82.09% |
| 2015-12-31 | AR$311.92 Million ≈ $225.71K |
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Equity Component Analysis
This analysis shows how different components contribute to Transportadora de Gas del Norte SA Class C'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 21955459800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AR$219.04 Billion | 21.45% |
| Other Components | AR$802.07 Billion | 78.55% |
| Total Equity | AR$1.02 Trillion | 100.00% |
Transportadora de Gas del Norte SA Class C Competitors by Market Cap
The table below lists competitors of Transportadora de Gas del Norte SA Class C ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Franklin Financial Services Corp
NASDAQ:FRAF
|
$262.84 Million |
|
AK Sigorta AS
IS:AKGRT
|
$262.84 Million |
|
Multilaser Industrial SA
SA:MLAS3
|
$263.00 Million |
|
R&B FOOD SUPPLY
BK:RBF-R
|
$263.19 Million |
|
Talon Capital Corp. Class A Ordinary Shares
NASDAQ:TLNC
|
$262.70 Million |
|
Gansu Huangtai Wine-marketing Industry Co. Ltd.
SHE:000995
|
$262.46 Million |
|
Bonduelle S.C.A.
PA:BON
|
$262.44 Million |
|
HomeStreet Inc
NASDAQ:HMST
|
$262.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Transportadora de Gas del Norte SA Class C's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,084,868,686,000 to 1,021,107,951,000, a change of -63,760,735,000 (-5.9%).
- Net income of 219,036,935,000 contributed positively to equity growth.
- Dividend payments of 283,028,547,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$219.04 Billion | +21.45% |
| Dividends Paid | AR$283.03 Billion | -27.72% |
| Other Changes | AR$230.88 Million | +0.02% |
| Total Change | AR$- | -5.88% |
Book Value vs Market Value Analysis
This analysis compares Transportadora de Gas del Norte SA Class C'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: 1.78x
- 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 120.76x to 1.78x 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$34.22 | AR$4132.50 | x |
| 2018-12-31 | AR$66.18 | AR$4132.50 | x |
| 2019-12-31 | AR$97.72 | AR$4132.50 | x |
| 2020-12-31 | AR$125.16 | AR$4132.50 | x |
| 2021-12-31 | AR$157.43 | AR$4132.50 | x |
| 2022-12-31 | AR$289.35 | AR$4132.50 | x |
| 2023-12-31 | AR$1030.17 | AR$4132.50 | x |
| 2024-12-31 | AR$2469.12 | AR$4132.50 | x |
| 2025-12-31 | AR$2324.01 | AR$4132.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Transportadora de Gas del Norte SA Class C utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.47%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.28x
- Recent ROE (21.45%) is above the historical average (-50.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -165.96% | -68.75% | 0.19x | 12.42x | AR$-548.86 Million |
| 2016 | -463.30% | -14.10% | 0.40x | 82.07x | AR$-264.41 Million |
| 2017 | 5.60% | 21.72% | 0.15x | 1.67x | AR$-661.69 Million |
| 2018 | 12.80% | 31.38% | 0.26x | 1.59x | AR$814.22 Million |
| 2019 | 9.91% | 23.92% | 0.28x | 1.46x | AR$-38.36 Million |
| 2020 | 5.63% | 16.37% | 0.26x | 1.34x | AR$-2.40 Billion |
| 2021 | -13.41% | -46.28% | 0.22x | 1.32x | AR$-16.19 Billion |
| 2022 | -5.64% | -17.52% | 0.25x | 1.29x | AR$-19.89 Billion |
| 2023 | 29.47% | 61.60% | 0.34x | 1.39x | AR$88.13 Billion |
| 2024 | 4.47% | 9.69% | 0.37x | 1.24x | AR$-59.96 Billion |
| 2025 | 21.45% | 36.47% | 0.46x | 1.28x | AR$116.93 Billion |
Industry Comparison
This section compares Transportadora de Gas del Norte SA Class C's net assets metrics with peer companies in the Oil & Gas Midstream industry.
No peer company data available for comparison.
About Transportadora de Gas del Norte SA Class C
Transportadora de Gas del Norte S.A. engages in the natural gas transportation in the north and central west regions of Argentina. The company operates and maintains approximately 11,222 km of both own and third party pipelines. It also provides operation, maintenance, integrity, pipeline connection and hot taps, engineering, pipeline works management, consulting, training, SCADA and communicatio… Read more