TGS ASA (TGS.OL) Fundamental Analysis & Valuation

OSL:TGS • NO0003078800

Current stock price

150.3 NOK
+2.1 (+1.42%)
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.
  • TGS had positive earnings in 4 of the past 5 years.
  • In the past 5 years TGS always reported a positive cash flow from operatings.
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

  • TGS's Return On Assets of 0.47% is on the low side compared to the rest of the industry. TGS is outperformed by 77.14% of its industry peers.
  • With a Return On Equity value of 0.93%, TGS is not doing good in the industry: 77.14% of the companies in the same industry are doing better.
  • Looking at the Return On Invested Capital, with a value of 5.23%, TGS is doing worse than 62.86% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TGS is significantly below the industry average of 9.97%.
  • The last Return On Invested Capital (5.23%) for TGS is above the 3 year average (4.92%), which is a sign of increasing profitability.
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

  • The Profit Margin of TGS (1.21%) is worse than 77.14% of its industry peers.
  • In the last couple of years the Profit Margin of TGS has declined.
  • The Operating Margin of TGS (12.25%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of TGS has declined.
  • TGS has a Gross Margin of 81.43%. This is amongst the best in the industry. TGS outperforms 88.57% 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.
  • Compared to 5 years ago, TGS has more shares outstanding
  • The debt/assets ratio for TGS is higher compared to a year ago.
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

  • Based on the Altman-Z score of 1.57, we must say that TGS is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of TGS (1.57) is better than 65.71% of its industry peers.
  • The Debt to FCF ratio of TGS is 2.25, which is a good value as it means it would take TGS, 2.25 years of fcf income to pay off all of its debts.
  • TGS has a Debt to FCF ratio of 2.25. This is in the better half of the industry: TGS outperforms 71.43% of its industry peers.
  • A Debt/Equity ratio of 0.36 indicates that TGS is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.36, TGS perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.25
Altman-Z 1.57
ROIC/WACC0.62
WACC8.44%
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.
  • TGS has a worse Current ratio (0.64) than 91.43% of its industry peers.
  • A Quick Ratio of 0.64 indicates that TGS may have some problems paying its short term obligations.
  • TGS has a worse Quick ratio (0.64) than 91.43% 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

  • 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.
  • TGS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.83%.
  • TGS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 33.51% yearly.
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.
  • TGS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.74% yearly.
EPS Next Y553.98%
EPS Next 2Y204.27%
EPS Next 3Y132.48%
EPS Next 5YN/A
Revenue Next Year-2.52%
Revenue Next 2Y2.68%
Revenue Next 3Y3.74%
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

3

4. TGS.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 203.11 indicates a quite expensive valuation of TGS.
  • 74.29% of the companies in the same industry are cheaper than TGS, based on the Price/Earnings ratio.
  • TGS's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.15.
  • A Price/Forward Earnings ratio of 31.01 indicates a quite expensive valuation of TGS.
  • 68.57% of the companies in the same industry are cheaper than TGS, based on the Price/Forward Earnings ratio.
  • TGS is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.12, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 203.11
Fwd PE 31.01
TGS.OL Price Earnings VS Forward Price EarningsTGS.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, TGS is valued a bit cheaper than 68.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.38
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)0.37
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

4

5. TGS.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.18%, TGS is a good candidate for dividend investing.
  • TGS's Dividend Yield is a higher than the industry average which is at 2.77.
  • TGS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.18%

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

  • 661.41% of the earnings are spent on dividend by TGS. 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 (4/28/2026, 1:59:53 PM)

150.3

+2.1 (+1.42%)

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 Cap29.55B
Revenue(TTM)1.53B
Net Income(TTM)18.40M
Analysts48.57
Price Target108.56 (-27.77%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.18%
Yearly Dividend5.8
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)4.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)261.91%
EPS NY rev (1m)-9.91%
EPS NY rev (3m)-1.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.54%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)1.75%
Valuation
Industry RankSector Rank
PE 203.11
Fwd PE 31.01
P/S 2.09
P/FCF 8.38
P/OCF 3.75
P/B 1.61
P/tB 28.08
EV/EBITDA N/A
EPS(TTM)0.74
EY0.49%
EPS(NY)4.85
Fwd EY3.22%
FCF(TTM)17.93
FCFY11.93%
OCF(TTM)40.05
OCFY26.65%
SpS71.94
BVpS93.3
TBVpS5.35
PEG (NY)0.37
PEG (5Y)N/A
Graham Number39.4144 (-73.78%)
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 1.57
F-Score5
WACC8.44%
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-2.52%
Revenue Next 2Y2.68%
Revenue Next 3Y3.74%
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 3 / 10 to TGS ASA (TGS.OL). This can be considered as Overvalued.


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 4 / 10 and the dividend payout ratio is 661.41%.