Transportadora de Gas del Sur SA B (TGSU2) - Net Assets
Based on the latest financial reports, Transportadora de Gas del Sur SA B (TGSU2) has net assets worth AR$3.13 Trillion ARS (≈ $2.26 Billion 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$5.41 Trillion ≈ $3.92 Billion USD) and total liabilities (AR$2.29 Trillion ≈ $1.65 Billion 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 asset resilience ratio of Transportadora de Gas del Sur SA B to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AR$3.13 Trillion |
| % of Total Assets | 57.77% |
| Annual Growth Rate | 112.11% |
| 5-Year Change | 2493.74% |
| 10-Year Change | 123708.29% |
| Growth Volatility | 193.46 |
Transportadora de Gas del Sur SA B - Net Assets Trend (2015–2025)
This chart illustrates how Transportadora de Gas del Sur SA B's net assets have evolved over time, based on quarterly financial data. Also explore Transportadora de Gas del Sur SA B asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Transportadora de Gas del Sur SA B (2015–2025)
The table below shows the annual net assets of Transportadora de Gas del Sur SA B from 2015 to 2025. For live valuation and market cap data, see market value of Transportadora de Gas del Sur SA B.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AR$3.13 Trillion ≈ $2.26 Billion |
+40.04% |
| 2024-12-31 | AR$2.23 Trillion ≈ $1.62 Billion |
+161.02% |
| 2023-12-31 | AR$855.67 Billion ≈ $619.17 Million |
+2.83% |
| 2022-12-31 | AR$832.16 Billion ≈ $602.15 Million |
+590.06% |
| 2021-12-31 | AR$120.59 Billion ≈ $87.26 Million |
+82.64% |
| 2020-12-31 | AR$66.03 Billion ≈ $47.78 Million |
+37.32% |
| 2019-12-31 | AR$48.08 Billion ≈ $34.79 Million |
+55.38% |
| 2018-12-31 | AR$30.95 Billion ≈ $22.39 Million |
+481.72% |
| 2017-12-31 | AR$5.32 Billion ≈ $3.85 Million |
+110.56% |
| 2016-12-31 | AR$2.53 Billion ≈ $1.83 Million |
+49.01% |
| 2015-12-31 | AR$1.70 Billion ≈ $1.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Transportadora de Gas del Sur SA B'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 120101.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AR$420.86 Billion | 13.46% |
| Other Components | AR$2.71 Trillion | 86.54% |
| Total Equity | AR$3.13 Trillion | 100.00% |
Transportadora de Gas del Sur SA B Competitors by Market Cap
The table below lists competitors of Transportadora de Gas del Sur SA B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asahi India Glass Limited
NSE:ASAHIINDIA
|
$2.31 Billion |
|
DRDGOLD Limited
F:DUBA
|
$2.31 Billion |
|
Shanghai Awinic Technology Co Ltd
SHG:688798
|
$2.31 Billion |
|
TAV HAVALIMAN.HLDG ADR/4
F:5THA
|
$2.31 Billion |
|
Shenzhen Kangtai Biological Products Co Ltd
SHE:300601
|
$2.30 Billion |
|
Beijing New Oriental Star Petrochemical Engineering Co Ltd
SHE:002755
|
$2.30 Billion |
|
OLAM GROUP LTD
F:K25
|
$2.30 Billion |
|
Bavarian Nordic
CO:BAVA
|
$2.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Transportadora de Gas del Sur SA B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,233,510,395,000 to 3,127,862,637,000, a change of 894,352,242,000 (40.0%).
- Net income of 420,859,657,000 contributed positively to equity growth.
- Dividend payments of 231,152,260,000 reduced retained earnings.
- Other factors increased equity by 704,644,845,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$420.86 Billion | +13.46% |
| Dividends Paid | AR$231.15 Billion | -7.39% |
| Other Changes | AR$704.64 Billion | +22.53% |
| Total Change | AR$- | 40.04% |
Book Value vs Market Value Analysis
This analysis compares Transportadora de Gas del Sur SA B'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: 2.21x
- 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 1421.49x to 2.21x 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$6.45 | AR$9165.00 | x |
| 2018-12-31 | AR$38.16 | AR$9165.00 | x |
| 2019-12-31 | AR$61.28 | AR$9165.00 | x |
| 2020-12-31 | AR$87.71 | AR$9165.00 | x |
| 2021-12-31 | AR$160.20 | AR$9165.00 | x |
| 2022-12-31 | AR$1105.47 | AR$9165.00 | x |
| 2023-12-31 | AR$1136.71 | AR$9165.00 | x |
| 2024-12-31 | AR$2967.09 | AR$9165.00 | x |
| 2025-12-31 | AR$4155.19 | AR$9165.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Transportadora de Gas del Sur SA B utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.67%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.73x
- Recent ROE (13.46%) is below the historical average (21.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -10.15% | -4.07% | 0.64x | 3.92x | AR$-341.65 Million |
| 2016 | 36.84% | 12.57% | 0.83x | 3.54x | AR$678.04 Million |
| 2017 | 52.51% | 22.81% | 0.90x | 2.57x | AR$2.26 Billion |
| 2018 | 36.89% | 33.51% | 0.55x | 2.00x | AR$8.32 Billion |
| 2019 | 26.63% | 26.37% | 0.51x | 1.99x | AR$8.00 Billion |
| 2020 | 4.98% | 5.88% | 0.43x | 1.95x | AR$-3.32 Billion |
| 2021 | 17.36% | 23.52% | 0.43x | 1.73x | AR$8.87 Billion |
| 2022 | 26.34% | 20.31% | 0.84x | 1.54x | AR$135.94 Billion |
| 2023 | 7.87% | 5.29% | 0.83x | 1.78x | AR$-18.20 Billion |
| 2024 | 21.80% | 30.68% | 0.47x | 1.52x | AR$263.59 Billion |
| 2025 | 13.46% | 24.67% | 0.32x | 1.73x | AR$108.07 Billion |
Industry Comparison
This section compares Transportadora de Gas del Sur SA B's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $72,781,000,000
- Average return on equity (ROE) among peers: 12.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Transportadora de Gas del Sur SA B (TGSU2) | AR$3.13 Trillion | -10.15% | 0.73x | $2.31 Billion |
| YPF S.A. D (YPFD) | $72.78 Billion | 12.37% | 1.87x | $19.21 Billion |
About Transportadora de Gas del Sur SA B
Transportadora de Gas del Sur S.A. engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications. The Natural Gas Transportation segment transports natural gas through … Read more