Company Valuation: ONE Gas, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,158 4,100 3,534 3,923 4,635 5,583 - -
Change - -1.4% -13.81% 11.03% 18.14% 20.46% - -
Enterprise Value (EV) 1 8,326 7,324 5,770 7,174 7,975 9,102 9,284 9,586
Change - -12.03% -21.22% 24.32% 11.17% 14.14% 1.99% 3.26%
P/E ratio 20.2x 18.6x 15.4x 17.7x 17.7x 18.8x 17.9x 16.6x
PBR 1.77x 1.62x 1.3x 1.34x 1.41x 1.56x 1.49x 1.41x
PEG - 3.11x 10.47x -3.19x 1.5x 2.25x 3.84x 2.07x
Capitalization / Revenue 2.3x 1.59x 1.49x 1.88x 1.91x 2.08x 2.18x 2.22x
EV / Revenue 4.6x 2.84x 2.43x 3.44x 3.29x 3.39x 3.63x 3.81x
EV / EBITDA 16.1x 12.7x 8.78x 10.3x 10.3x 11x 10.5x 10x
EV / EBIT 26.8x 20.9x 15.3x 18x 17.4x 17.7x 17.1x 16.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 2.32 2.48 2.6 2.64 2.68 2.716 2.755 2.853
Rate of return 2.99% 3.28% 4.08% 3.81% 3.47% 3.05% 3.1% 3.21%
EPS 2 3.85 4.08 4.14 3.91 4.37 4.736 4.956 5.353
Distribution rate 60.3% 60.8% 62.8% 67.5% 61.3% 57.3% 55.6% 53.3%
Net sales 1 1,809 2,578 2,372 2,084 2,427 2,688 2,557 2,517
EBITDA 1 517.5 578.4 657.4 695.7 774.7 824.4 880.5 954.7
EBIT 1 310.3 350 377.6 399 457.5 515.2 541.6 580.4
Net income 1 206.4 221.7 231.2 222.8 264.2 296.8 315.9 347.6
Net Debt 1 4,169 3,225 2,237 3,250 3,340 3,519 3,700 4,003
Reference price 2 77.59 75.72 63.72 69.25 77.25 88.96 88.96 88.96
Nbr of stocks (in thousands) 53,588 54,141 55,454 56,655 59,999 62,762 - -
Announcement Date 2/23/22 2/22/23 2/21/24 2/19/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.79x3.39x11.04x3.05% 5.58B
22.48x3.35x14.64x4.88% 17.09B
14.21x7.66x10.01x4.59% 12.4B
11.55x0.56x4.33x4.97% 9.41B
9.4x0.64x5.85x5.39% 8.73B
9.67x0.27x3.08x4.72% 8.27B
11.57x - - 4.08% 7.89B
15.11x6.06x21.56x8.79% 7.87B
21.51x5.26x11.96x2.84% 6.58B
Average 14.92x 3.40x 10.31x 4.81% 9.31B
Weighted average by Cap. 15.36x 3.51x 10.56x 4.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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