TGS ASA (TGS.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:TGS • NO0003078800
101 NOK
-1.5 (-1.46%)
Last: Jan 30, 2026, 07:00 PM
TGS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 36 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of TGS have multiple concerns. 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.
- 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 each of the past 5 years.
1.2 Ratios
- TGS's Return On Assets of 1.29% is on the low side compared to the rest of the industry. TGS is outperformed by 77.78% of its industry peers.
- Looking at the Return On Equity, with a value of 2.48%, TGS is doing worse than 75.00% of the companies in the same industry.
- TGS has a Return On Invested Capital (6.91%) which is in line with its industry peers.
- TGS had an Average Return On Invested Capital over the past 3 years of 5.85%. This is below the industry average of 10.18%.
- The 3 year average ROIC (5.85%) for TGS is below the current ROIC(6.91%), indicating increased profibility in the last year.
| 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
- The Profit Margin of TGS (2.84%) is worse than 69.44% of its industry peers.
- In the last couple of years the Profit Margin of TGS has declined.
- The Operating Margin of TGS (14.42%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of TGS has declined.
- Looking at the Gross Margin, with a value of 78.59%, TGS belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
- In the last couple of years the Gross Margin of TGS has declined.
| 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TGS is destroying value.
- The number of shares outstanding for TGS has been increased compared to 1 year ago.
- TGS has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, TGS has a worse debt to assets ratio.
2.2 Solvency
- TGS has an Altman-Z score of 1.44. This is a bad value and indicates that TGS is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.44, TGS is in the better half of the industry, outperforming 63.89% of the companies in the same industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 2.37, TGS is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- TGS has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.37, TGS is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Altman-Z | 1.44 |
ROIC/WACC0.82
WACC8.46%
2.3 Liquidity
- A Current Ratio of 0.68 indicates that TGS may have some problems paying its short term obligations.
- With a Current ratio value of 0.68, TGS is not doing good in the industry: 91.67% of the companies in the same industry are doing better.
- 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.
- Looking at the Quick ratio, with a value of 0.68, TGS is doing worse than 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
- The earnings per share for TGS have decreased strongly by -11.11% in the last year.
- The earnings per share for TGS have been decreasing by -22.33% on average. This is quite bad
- The Revenue has grown by 71.64% in the past year. This is a very strong growth!
- The Revenue has been growing by 17.62% on average over the past years. This is quite good.
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
- TGS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.31% yearly.
- Based on estimates for the next years, TGS will show a decrease in Revenue. The Revenue will decrease by -0.27% on average per year.
EPS Next Y-53.38%
EPS Next 2Y0.98%
EPS Next 3Y16.31%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 44.10, the valuation of TGS can be described as expensive.
- Based on the Price/Earnings ratio, TGS is valued a bit more expensive than 72.22% of the companies in the same industry.
- When comparing the Price/Earnings ratio of TGS to the average of the S&P500 Index (28.32), we can say TGS is valued expensively.
- A Price/Forward Earnings ratio of 19.93 indicates a rather 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.
- TGS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.1 | ||
| Fwd PE | 19.93 |
4.2 Price Multiples
- TGS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TGS is cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.68 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- A more expensive valuation may be justified as TGS's earnings are expected to grow with 16.31% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.98%
EPS Next 3Y16.31%
5. Dividend
5.1 Amount
- TGS has a Yearly Dividend Yield of 6.30%, which is a nice return.
- TGS's Dividend Yield is a higher than the industry average which is at 3.48.
- Compared to an average S&P500 Dividend Yield of 1.83, TGS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.3% |
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
- TGS pays out 239.94% of its income as dividend. This is not a sustainable payout ratio.
DP239.94%
EPS Next 2Y0.98%
EPS Next 3Y16.31%
TGS ASA / TGS.OL 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 2 / 10 to TGS ASA (TGS.OL). This can be considered as Overvalued.
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 44.1 and the Price/Book (PB) ratio is 1.04.
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%.