TGS ASA (TGS.OL) Fundamental Analysis & Valuation

OSL:TGS • NO0003078800

Current stock price

117 NOK
+1.3 (+1.12%)
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.
  • TGS had a positive operating cash flow in the past year.
  • In multiple years TGS reported negative net income over the last 5 years.
  • TGS had a positive operating cash flow in 4 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 0 200M 400M 600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.29%, TGS is doing worse than 72.22% 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 75.00% of its industry peers.
  • With a Return On Invested Capital value of 6.91%, TGS is not doing good in the industry: 61.11% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for TGS is significantly below the industry average of 11.12%.
  • 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 RankSector 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
TGS.OL Yearly ROA, ROE, ROICTGS.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10 15

1.3 Margins

  • With a Profit Margin value of 2.84%, TGS is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of TGS has declined.
  • With a Operating Margin value of 14.42%, TGS perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TGS has declined.
  • TGS's Gross Margin of 78.59% 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 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%
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 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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TGS.OL Yearly Shares OutstandingTGS.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 1.53, we must say that TGS is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of TGS (1.53) is better than 63.89% of its industry peers.
  • TGS has a debt to FCF ratio of 2.37. This is a good value and a sign of high solvency as TGS would need 2.37 years to pay back of all of its debts.
  • TGS has a Debt to FCF ratio of 2.37. This is in the better half of the industry: TGS outperforms 72.22% of its industry peers.
  • TGS has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of TGS (0.37) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.37
Altman-Z 1.53
ROIC/WACC0.81
WACC8.48%
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 0 500M 1B 1.5B 2B

2.3 Liquidity

  • TGS has a Current 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 Current ratio (0.68) than 91.67% of its industry peers.
  • 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.
  • The Quick ratio of TGS (0.68) is worse than 91.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.68
Quick Ratio 0.68
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 200M 400M 600M 800M 1B

More info and screens

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

4

3. TGS.OL Growth Analysis

3.1 Past

  • The earnings per share for TGS have decreased strongly by -84.62% in the last year.
  • Measured over the past years, TGS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -55.54% on average per year.
  • The Revenue has grown by 111.02% in the past year. 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)111.02%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-44.52%

3.2 Future

  • Based on estimates for the next years, TGS will show a very strong growth in Earnings Per Share. The EPS will grow by 170.50% on average per year.
  • TGS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.31% yearly.
EPS Next Y625.94%
EPS Next 2Y207.71%
EPS Next 3Y170.5%
EPS Next 5YN/A
Revenue Next Year-2.33%
Revenue Next 2Y2.99%
Revenue Next 3Y4.31%
Revenue Next 5YN/A

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.
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

  • Based on the Price/Earnings ratio of 150.00, the valuation of TGS can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of TGS indicates a slightly more expensive valuation: TGS is more expensive than 72.22% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.11. TGS is valued rather expensively when compared to this.
  • The Price/Forward Earnings ratio is 20.74, which indicates a rather expensive current valuation of TGS.
  • TGS's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. TGS is more expensive than 66.67% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.12. TGS is around the same levels.
Industry RankSector Rank
PE 150
Fwd PE 20.74
TGS.OL Price Earnings VS Forward Price EarningsTGS.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGS indicates a rather cheap valuation: TGS is cheaper than 83.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.48
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.
  • TGS's earnings are expected to grow with 170.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y207.71%
EPS Next 3Y170.5%

More info and screens

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

4

5. TGS.OL Dividend Analysis

5.1 Amount

  • TGS has a Yearly Dividend Yield of 5.44%, which is a nice return.
  • TGS's Dividend Yield is a higher than the industry average which is at 3.17.
  • Compared to an average S&P500 Dividend Yield of 1.91, TGS pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.44%

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 2Y207.71%
EPS Next 3Y170.5%
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 0 100M -100M 200M
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 (3/17/2026, 7:00:00 PM)

117

+1.3 (+1.12%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-12
Earnings (Next)04-30
Inst Owners62.52%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap23.00B
Revenue(TTM)2.78B
Net Income(TTM)49.50M
Analysts47.14
Price Target104.19 (-10.95%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.44%
Yearly Dividend5.45
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)0.7%
PT rev (3m)1.42%
EPS NQ rev (1m)1.45%
EPS NQ rev (3m)7.15%
EPS NY rev (1m)-1.04%
EPS NY rev (3m)7.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.73%
Revenue NY rev (1m)-1.34%
Revenue NY rev (3m)-1.34%
Valuation
Industry RankSector Rank
PE 150
Fwd PE 20.74
P/S 1.36
P/FCF 6.48
P/OCF 2.74
P/B 1.18
P/tB 13.58
EV/EBITDA N/A
EPS(TTM)0.78
EY0.67%
EPS(NY)5.64
Fwd EY4.82%
FCF(TTM)18.07
FCFY15.44%
OCF(TTM)42.64
OCFY36.44%
SpS86.23
BVpS98.78
TBVpS8.62
PEG (NY)0.24
PEG (5Y)N/A
Graham Number41.64
Profitability
Industry RankSector 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 RankSector 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 1.53
F-Score6
WACC8.48%
ROIC/WACC0.81
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)-84.62%
EPS 3Y-55.54%
EPS 5YN/A
EPS Q2Q%-84.21%
EPS Next Y625.94%
EPS Next 2Y207.71%
EPS Next 3Y170.5%
EPS Next 5YN/A
Revenue 1Y (TTM)111.02%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-44.52%
Revenue Next Year-2.33%
Revenue Next 2Y2.99%
Revenue Next 3Y4.31%
Revenue Next 5YN/A
EBIT growth 1Y112.02%
EBIT growth 3Y-1.41%
EBIT growth 5Y3.1%
EBIT Next Year252.68%
EBIT Next 3Y57.62%
EBIT Next 5Y41.78%
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 Fundamental Analysis FAQ

What is the fundamental rating for TGS stock?

ChartMill assigns a fundamental rating of 3 / 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.


Can you provide the profitability details for TGS ASA?

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


What is the valuation of TGS ASA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TGS ASA (TGS.OL) is 150 and the Price/Book (PB) ratio is 1.18.


Can you provide the dividend sustainability for TGS stock?

The dividend rating of TGS ASA (TGS.OL) is 4 / 10 and the dividend payout ratio is 239.94%.