TGS ASA (TGS.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:TGS - NO0003078800 - Common Stock
90.45 NOK
+1.7 (+1.92%)
We assign a fundamental rating of 3 out of 10 to TGS. TGS was compared to 39 industry peers in the Energy Equipment & Services industry. TGS has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, TGS is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year TGS was profitable.
In the past year TGS had a positive cash flow from operations.
In multiple years TGS reported negative net income over the last 5 years.
Each year in the past 5 years TGS had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.29%, TGS is doing worse than 74.36% of the companies in the same industry.
TGS has a Return On Equity of 2.48%. This is in the lower half of the industry: TGS underperforms 74.36% of its industry peers.
TGS has a Return On Invested Capital (6.91%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for TGS is significantly below the industry average of 10.99%.
The last Return On Invested Capital (6.91%) for TGS is above the 3 year average (5.85%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 2.48% | ||
| ROIC | 6.91% |
ROA(3y)2.74%
ROA(5y)-0.96%
ROE(3y)4.45%
ROE(5y)-1.33%
ROIC(3y)5.85%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 2.84%, TGS is doing worse than 69.23% of the companies in the same industry.
TGS's Profit Margin has declined in the last couple of years.
TGS's Operating Margin of 14.42% is in line compared to the rest of the industry. TGS outperforms 51.28% of its industry peers.
TGS's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 78.59%, TGS belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
TGS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.42% | ||
| PM (TTM) | 2.84% | ||
| GM | 78.59% |
OM growth 3Y-27.75%
OM growth 5Y-12.35%
PM growth 3YN/A
PM growth 5Y-18.03%
GM growth 3Y-8.24%
GM growth 5Y-5.38%
2. Health
2.1 Basic Checks
TGS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for TGS has been increased compared to 1 year ago.
Compared to 5 years ago, TGS has more shares outstanding
TGS has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.34, we must say that TGS is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.34, TGS perfoms like the industry average, outperforming 48.72% of the companies in the same industry.
The Debt to FCF ratio of TGS is 2.37, which is a good value as it means it would take TGS, 2.37 years of fcf income to pay off all of its debts.
TGS's Debt to FCF ratio of 2.37 is fine compared to the rest of the industry. TGS outperforms 74.36% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that TGS is not too dependend on debt financing.
TGS has a Debt to Equity ratio of 0.37. This is in the better half of the industry: TGS outperforms 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Altman-Z | 1.34 |
ROIC/WACC0.82
WACC8.45%
2.3 Liquidity
A Current Ratio of 0.68 indicates that TGS may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.68, TGS is doing worse than 89.74% of the companies in the same industry.
TGS has a Quick Ratio of 0.68. This is a bad value and indicates that TGS is not financially healthy enough and could expect problems in meeting its short term obligations.
TGS has a worse Quick ratio (0.68) than 89.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
TGS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.11%.
TGS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.33% yearly.
Looking at the last year, TGS shows a very strong growth in Revenue. The Revenue has grown by 71.64%.
TGS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.62% yearly.
EPS 1Y (TTM)-11.11%
EPS 3YN/A
EPS 5Y-22.33%
EPS Q2Q%63.16%
Revenue 1Y (TTM)71.64%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%-5.92%
3.2 Future
Based on estimates for the next years, TGS will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.73% on average per year.
The Revenue is expected to decrease by -0.27% on average over the next years.
EPS Next Y-57.27%
EPS Next 2Y0.26%
EPS Next 3Y14.73%
EPS Next 5YN/A
Revenue Next Year-1.01%
Revenue Next 2Y-3.27%
Revenue Next 3Y0.5%
Revenue Next 5Y-0.27%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 37.38, the valuation of TGS can be described as expensive.
Based on the Price/Earnings ratio, TGS is valued a bit more expensive than 74.36% of the companies in the same industry.
When comparing the Price/Earnings ratio of TGS to the average of the S&P500 Index (26.46), we can say TGS is valued slightly more expensively.
With a Price/Forward Earnings ratio of 17.14, TGS is valued on the expensive side.
TGS's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. TGS is more expensive than 71.79% of the companies in the same industry.
TGS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.38 | ||
| Fwd PE | 17.14 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, TGS is valued a bit cheaper than 71.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.82 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
TGS's earnings are expected to grow with 14.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.26%
EPS Next 3Y14.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.28%, TGS is a good candidate for dividend investing.
TGS's Dividend Yield is a higher than the industry average which is at 7.22.
Compared to an average S&P500 Dividend Yield of 2.32, TGS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.28% |
5.2 History
The dividend of TGS decreases each year by -11.71%.
Dividend Growth(5Y)-11.71%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
239.94% of the earnings are spent on dividend by TGS. This is not a sustainable payout ratio.
DP239.94%
EPS Next 2Y0.26%
EPS Next 3Y14.73%
OSL:TGS (12/5/2025, 4:19:55 PM)
90.45
+1.7 (+1.92%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners61.61%
Inst Owner ChangeN/A
Ins Owners0.95%
Ins Owner ChangeN/A
Market Cap17.78B
Revenue(TTM)1.75B
Net Income(TTM)49.50M
Analysts49.23
Price Target102.73 (13.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.28% |
Yearly Dividend5.65
Dividend Growth(5Y)-11.71%
DP239.94%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-92.38%
Min EPS beat(2)-286.02%
Max EPS beat(2)101.27%
EPS beat(4)1
Avg EPS beat(4)-77.25%
Min EPS beat(4)-286.02%
Max EPS beat(4)101.27%
EPS beat(8)2
Avg EPS beat(8)-184.52%
EPS beat(12)3
Avg EPS beat(12)-141.9%
EPS beat(16)4
Avg EPS beat(16)-125.7%
Revenue beat(2)1
Avg Revenue beat(2)-5.34%
Min Revenue beat(2)-19.07%
Max Revenue beat(2)8.4%
Revenue beat(4)3
Avg Revenue beat(4)2.67%
Min Revenue beat(4)-19.07%
Max Revenue beat(4)17.79%
Revenue beat(8)4
Avg Revenue beat(8)0.82%
Revenue beat(12)4
Avg Revenue beat(12)-4.68%
Revenue beat(16)7
Avg Revenue beat(16)1.47%
PT rev (1m)0%
PT rev (3m)2.92%
EPS NQ rev (1m)6.52%
EPS NQ rev (3m)-3.92%
EPS NY rev (1m)-14.29%
EPS NY rev (3m)-22.67%
Revenue NQ rev (1m)-0.45%
Revenue NQ rev (3m)-3.74%
Revenue NY rev (1m)0.71%
Revenue NY rev (3m)1.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.38 | ||
| Fwd PE | 17.14 | ||
| P/S | 1.01 | ||
| P/FCF | 4.82 | ||
| P/OCF | 2.04 | ||
| P/B | 0.88 | ||
| P/tB | 10.1 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.42
EY2.68%
EPS(NY)5.28
Fwd EY5.83%
FCF(TTM)18.78
FCFY20.76%
OCF(TTM)44.31
OCFY48.99%
SpS89.62
BVpS102.65
TBVpS8.95
PEG (NY)N/A
PEG (5Y)N/A
Graham Number74.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 2.48% | ||
| ROCE | 8.97% | ||
| ROIC | 6.91% | ||
| ROICexc | 7.47% | ||
| ROICexgc | 25.25% | ||
| OM | 14.42% | ||
| PM (TTM) | 2.84% | ||
| GM | 78.59% | ||
| FCFM | 20.95% |
ROA(3y)2.74%
ROA(5y)-0.96%
ROE(3y)4.45%
ROE(5y)-1.33%
ROIC(3y)5.85%
ROIC(5y)N/A
ROICexc(3y)6.57%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.72%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-35.15%
ROICexc growth 5Y-15.78%
OM growth 3Y-27.75%
OM growth 5Y-12.35%
PM growth 3YN/A
PM growth 5Y-18.03%
GM growth 3Y-8.24%
GM growth 5Y-5.38%
F-Score6
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 28.5% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 738.73% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 1.34 |
F-Score6
WACC8.45%
ROIC/WACC0.82
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)39.85%
Cap/Sales(5y)52.79%
Profit Quality(3y)338.92%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.11%
EPS 3YN/A
EPS 5Y-22.33%
EPS Q2Q%63.16%
EPS Next Y-57.27%
EPS Next 2Y0.26%
EPS Next 3Y14.73%
EPS Next 5YN/A
Revenue 1Y (TTM)71.64%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%-5.92%
Revenue Next Year-1.01%
Revenue Next 2Y-3.27%
Revenue Next 3Y0.5%
Revenue Next 5Y-0.27%
EBIT growth 1Y112.02%
EBIT growth 3Y-1.41%
EBIT growth 5Y3.1%
EBIT Next Year255.46%
EBIT Next 3Y53.73%
EBIT Next 5Y38%
FCF growth 1Y153.59%
FCF growth 3Y13.38%
FCF growth 5Y-1.21%
OCF growth 1Y55.12%
OCF growth 3Y25.56%
OCF growth 5Y2.32%
TGS ASA / TGS.OL FAQ
What is the fundamental rating for TGS stock?
ChartMill assigns a fundamental rating of 3 / 10 to TGS.OL.
Can you provide the valuation status for TGS ASA?
ChartMill assigns a valuation rating of 2 / 10 to TGS ASA (TGS.OL). This can be considered as Overvalued.
What is the profitability of TGS stock?
TGS ASA (TGS.OL) has a profitability rating of 3 / 10.
What are the PE and PB ratios of TGS ASA (TGS.OL) stock?
The Price/Earnings (PE) ratio for TGS ASA (TGS.OL) is 37.38 and the Price/Book (PB) ratio is 0.88.
What is the financial health of TGS ASA (TGS.OL) stock?
The financial health rating of TGS ASA (TGS.OL) is 3 / 10.