TGS ASA (TGS.OL) Fundamental Analysis & Valuation

OSL:TGS • NO0003078800

Current stock price

124.6 NOK
+1.6 (+1.3%)
Last:

This TGS.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. TGS.OL Profitability Analysis

1.1 Basic Checks

  • In the past year TGS was profitable.
  • In the past year TGS had a positive cash flow from operations.
  • Of the past 5 years TGS 4 years were profitable.
  • TGS had a positive operating cash flow in each of the past 5 years.
TGS.OL Yearly Net Income VS EBIT VS OCF VS FCFTGS.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.47%, TGS is doing worse than 77.78% of the companies in the same industry.
  • TGS has a worse Return On Equity (0.93%) than 77.78% of its industry peers.
  • With a Return On Invested Capital value of 5.23%, TGS is not doing good in the industry: 63.89% of the companies in the same industry are doing better.
  • TGS had an Average Return On Invested Capital over the past 3 years of 4.92%. This is significantly below the industry average of 10.23%.
  • The 3 year average ROIC (4.92%) for TGS is below the current ROIC(5.23%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.47%
ROE 0.93%
ROIC 5.23%
ROA(3y)1.3%
ROA(5y)0.8%
ROE(3y)2.39%
ROE(5y)1.49%
ROIC(3y)4.92%
ROIC(5y)7.42%
TGS.OL Yearly ROA, ROE, ROICTGS.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 -10 15

1.3 Margins

  • TGS's Profit Margin of 1.21% is on the low side compared to the rest of the industry. TGS is outperformed by 77.78% of its industry peers.
  • In the last couple of years the Profit Margin of TGS has declined.
  • With a Operating Margin value of 12.25%, TGS perfoms like the industry average, outperforming 52.78% of the companies in the same industry.
  • TGS's Operating Margin has declined in the last couple of years.
  • TGS's Gross Margin of 81.43% is amongst the best of the industry. TGS outperforms 88.89% of its industry peers.
  • In the last couple of years the Gross Margin of TGS has declined.
Industry RankSector Rank
OM 12.25%
PM (TTM) 1.21%
GM 81.43%
OM growth 3Y-14.42%
OM growth 5YN/A
PM growth 3Y-53.92%
PM growth 5YN/A
GM growth 3Y-4.93%
GM growth 5Y-3.64%
TGS.OL Yearly Profit, Operating, Gross MarginsTGS.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. TGS.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TGS is destroying value.
  • TGS has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for TGS has been increased compared to 5 years ago.
  • Compared to 1 year ago, TGS has a worse debt to assets ratio.
TGS.OL Yearly Shares OutstandingTGS.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
TGS.OL Yearly Total Debt VS Total AssetsTGS.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • TGS has an Altman-Z score of 1.39. This is a bad value and indicates that TGS is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of TGS (1.39) is better than 61.11% of its industry peers.
  • TGS has a debt to FCF ratio of 2.25. This is a good value and a sign of high solvency as TGS would need 2.25 years to pay back of all of its debts.
  • TGS's Debt to FCF ratio of 2.25 is fine compared to the rest of the industry. TGS outperforms 72.22% of its industry peers.
  • TGS has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
  • TGS has a better Debt to Equity ratio (0.36) than 61.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.25
Altman-Z 1.39
ROIC/WACC0.62
WACC8.41%
TGS.OL Yearly LT Debt VS Equity VS FCFTGS.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • TGS has a Current Ratio of 0.64. This is a bad value and indicates that TGS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of TGS (0.64) is worse than 91.67% of its industry peers.
  • TGS has a Quick Ratio of 0.64. 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 Quick ratio of 0.64. This is amonst the worse of the industry: TGS underperforms 91.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.64
Quick Ratio 0.64
TGS.OL Yearly Current Assets VS Current LiabilitesTGS.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. TGS.OL Growth Analysis

3.1 Past

  • TGS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -84.62%.
  • TGS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -55.54% yearly.
  • The Revenue has grown by 15.83% in the past year. This is quite good.
  • The Revenue has been growing by 33.51% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-84.62%
EPS 3Y-55.54%
EPS 5YN/A
EPS Q2Q%-84.21%
Revenue 1Y (TTM)15.83%
Revenue growth 3Y28.68%
Revenue growth 5Y33.51%
Sales Q2Q%-44.52%

3.2 Future

  • TGS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 132.48% yearly.
  • Based on estimates for the next years, TGS will show a small growth in Revenue. The Revenue will grow by 3.70% on average per year.
EPS Next Y553.98%
EPS Next 2Y204.27%
EPS Next 3Y132.48%
EPS Next 5YN/A
Revenue Next Year-2.46%
Revenue Next 2Y2.62%
Revenue Next 3Y3.7%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TGS.OL Yearly Revenue VS EstimatesTGS.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
TGS.OL Yearly EPS VS EstimatesTGS.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1

More info and screens

Find the best growth stocksShow best growing peers

4

4. TGS.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • TGS is valuated quite expensively with a Price/Earnings ratio of 163.95.
  • TGS's Price/Earnings ratio is a bit more expensive when compared to the industry. TGS is more expensive than 75.00% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.86. TGS is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 25.09 indicates a quite expensive valuation of TGS.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TGS indicates a slightly more expensive valuation: TGS is more expensive than 69.44% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 37.39. TGS is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 163.95
Fwd PE 25.09
TGS.OL Price Earnings VS Forward Price EarningsTGS.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGS indicates a somewhat cheap valuation: TGS is cheaper than 77.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.78
EV/EBITDA N/A
TGS.OL Per share dataTGS.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as TGS's earnings are expected to grow with 132.48% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y204.27%
EPS Next 3Y132.48%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. TGS.OL Dividend Analysis

5.1 Amount

  • TGS has a Yearly Dividend Yield of 4.92%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.78, TGS pays a better dividend. On top of this TGS pays more dividend than 80.56% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, TGS pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.92%

5.2 History

  • The dividend of TGS decreases each year by -3.71%.
Dividend Growth(5Y)-3.71%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • TGS pays out 661.41% of its income as dividend. This is not a sustainable payout ratio.
DP661.41%
EPS Next 2Y204.27%
EPS Next 3Y132.48%
TGS.OL Yearly Income VS Free CF VS DividendTGS.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M
TGS.OL Dividend Payout.TGS.OL Dividend Payout, showing the Payout Ratio.TGS.OL Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

TGS.OL Fundamentals: All Metrics, Ratios and Statistics

TGS ASA

OSL:TGS (4/13/2026, 3:05:49 PM)

124.6

+1.6 (+1.3%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-12
Earnings (Next)04-30
Inst Owners72.88%
Inst Owner ChangeN/A
Ins Owners0.34%
Ins Owner ChangeN/A
Market Cap24.50B
Revenue(TTM)1.53B
Net Income(TTM)18.40M
Analysts48.57
Price Target108.56 (-12.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.92%
Yearly Dividend5.88
Dividend Growth(5Y)-3.71%
DP661.41%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.12%
Min EPS beat(2)-83.03%
Max EPS beat(2)101.27%
EPS beat(4)1
Avg EPS beat(4)-85.07%
Min EPS beat(4)-286.02%
Max EPS beat(4)101.27%
EPS beat(8)2
Avg EPS beat(8)-172.82%
EPS beat(12)2
Avg EPS beat(12)-149.26%
EPS beat(16)4
Avg EPS beat(16)-104.01%
Revenue beat(2)1
Avg Revenue beat(2)-8.95%
Min Revenue beat(2)-26.29%
Max Revenue beat(2)8.4%
Revenue beat(4)2
Avg Revenue beat(4)-4.8%
Min Revenue beat(4)-26.29%
Max Revenue beat(4)17.79%
Revenue beat(8)4
Avg Revenue beat(8)-1.75%
Revenue beat(12)4
Avg Revenue beat(12)-5.97%
Revenue beat(16)7
Avg Revenue beat(16)1.24%
PT rev (1m)4.2%
PT rev (3m)5.67%
EPS NQ rev (1m)-2.56%
EPS NQ rev (3m)261.91%
EPS NY rev (1m)-9.91%
EPS NY rev (3m)0.1%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)9.54%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)1.82%
Valuation
Industry RankSector Rank
PE 163.95
Fwd PE 25.09
P/S 1.69
P/FCF 6.78
P/OCF 3.04
P/B 1.3
P/tB 22.72
EV/EBITDA N/A
EPS(TTM)0.76
EY0.61%
EPS(NY)4.97
Fwd EY3.99%
FCF(TTM)18.38
FCFY14.75%
OCF(TTM)41.04
OCFY32.94%
SpS73.72
BVpS95.61
TBVpS5.48
PEG (NY)0.3
PEG (5Y)N/A
Graham Number40.44
Profitability
Industry RankSector Rank
ROA 0.47%
ROE 0.93%
ROCE 6.8%
ROIC 5.23%
ROICexc 5.67%
ROICexgc 21.4%
OM 12.25%
PM (TTM) 1.21%
GM 81.43%
FCFM 24.93%
ROA(3y)1.3%
ROA(5y)0.8%
ROE(3y)2.39%
ROE(5y)1.49%
ROIC(3y)4.92%
ROIC(5y)7.42%
ROICexc(3y)5.35%
ROICexc(5y)9.53%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.38%
ROCE(5y)9.71%
ROICexgc growth 3Y-30.97%
ROICexgc growth 5YN/A
ROICexc growth 3Y-14.43%
ROICexc growth 5YN/A
OM growth 3Y-14.42%
OM growth 5YN/A
PM growth 3Y-53.92%
PM growth 5YN/A
GM growth 3Y-4.93%
GM growth 5Y-3.64%
F-Score5
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.25
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 30.74%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 2068.48%
Current Ratio 0.64
Quick Ratio 0.64
Altman-Z 1.39
F-Score5
WACC8.41%
ROIC/WACC0.62
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)39.65%
Cap/Sales(5y)37.19%
Profit Quality(3y)987.15%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-84.62%
EPS 3Y-55.54%
EPS 5YN/A
EPS Q2Q%-84.21%
EPS Next Y553.98%
EPS Next 2Y204.27%
EPS Next 3Y132.48%
EPS Next 5YN/A
Revenue 1Y (TTM)15.83%
Revenue growth 3Y28.68%
Revenue growth 5Y33.51%
Sales Q2Q%-44.52%
Revenue Next Year-2.46%
Revenue Next 2Y2.62%
Revenue Next 3Y3.7%
Revenue Next 5YN/A
EBIT growth 1Y-6.59%
EBIT growth 3Y10.12%
EBIT growth 5YN/A
EBIT Next Year323.11%
EBIT Next 3Y67.22%
EBIT Next 5YN/A
FCF growth 1Y96.96%
FCF growth 3Y47.5%
FCF growth 5YN/A
OCF growth 1Y35.2%
OCF growth 3Y35.3%
OCF growth 5Y19.1%

TGS ASA / TGS.OL Fundamental Analysis FAQ

What is the fundamental rating for TGS stock?

ChartMill assigns a fundamental rating of 4 / 10 to TGS.OL.


What is the valuation status of TGS ASA (TGS.OL) stock?

ChartMill assigns a valuation rating of 4 / 10 to TGS ASA (TGS.OL). This can be considered as Fairly Valued.


How profitable is TGS ASA (TGS.OL) stock?

TGS ASA (TGS.OL) has a profitability rating of 3 / 10.


What is the financial health of TGS ASA (TGS.OL) stock?

The financial health rating of TGS ASA (TGS.OL) is 3 / 10.


Can you provide the dividend sustainability for TGS stock?

The dividend rating of TGS ASA (TGS.OL) is 5 / 10 and the dividend payout ratio is 661.41%.