TGS ASA (TGS.OL) Stock Fundamental Analysis
Europe - OSL:TGS - NO0003078800 - Common Stock
93.5 NOK
-2.6 (-2.71%)
We assign a fundamental rating of 3 out of 10 to TGS. TGS was compared to 37 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of TGS have multiple concerns. TGS is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
TGS had positive earnings in the past year.
TGS had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: TGS reported negative net income in multiple years.
Each year in the past 5 years TGS had a positive operating cash flow.
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 70.27% of its industry peers.
TGS has a worse Return On Equity (2.48%) than 70.27% of its industry peers.
TGS has a Return On Invested Capital (6.91%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for TGS is significantly below the industry average of 11.08%.
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 67.57% of the companies in the same industry.
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 51.35% 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 91.89% of its industry peers.
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.
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.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that TGS is in the distress zone and has some risk of bankruptcy.
TGS has a Altman-Z score of 1.36. This is comparable to the rest of the industry: TGS outperforms 51.35% 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's Debt to FCF ratio of 2.37 is fine compared to the rest of the industry. TGS outperforms 75.68% 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.
Looking at the Debt to Equity ratio, with a value of 0.37, TGS is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.82
WACC8.46%
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 89.19% of its industry peers.
A Quick Ratio of 0.68 indicates that TGS may have some problems paying its short term obligations.
With a Quick ratio value of 0.68, TGS is not doing good in the industry: 89.19% of the companies in the same industry are doing better.
| 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%.
The earnings per share for TGS have been decreasing by -22.33% on average. This is quite bad
Looking at the last year, TGS shows a very strong growth in Revenue. The Revenue has grown by 71.64%.
Measured over the past years, TGS shows a quite strong growth in Revenue. The Revenue has been growing by 17.62% on average per year.
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 13.99% on average per year.
The Revenue is expected to decrease by -0.27% on average over the next years.
EPS Next Y-50.15%
EPS Next 2Y0.5%
EPS Next 3Y13.99%
EPS Next 5YN/A
Revenue Next Year-1.7%
Revenue Next 2Y-3.14%
Revenue Next 3Y0.63%
Revenue Next 5Y-0.27%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 38.64, 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 72.97% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of TGS to the average of the S&P500 Index (25.89), we can say TGS is valued slightly more expensively.
A Price/Forward Earnings ratio of 17.68 indicates a rather expensive valuation of TGS.
Based on the Price/Forward Earnings ratio, TGS is valued a bit more expensive than 67.57% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TGS to the average of the S&P500 Index (34.59), we can say TGS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.64 | ||
| Fwd PE | 17.68 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, TGS is valued a bit cheaper than 72.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.99 | ||
| 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 13.99% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.5%
EPS Next 3Y13.99%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.72%, TGS is a good candidate for dividend investing.
TGS's Dividend Yield is a higher than the industry average which is at 7.54.
Compared to an average S&P500 Dividend Yield of 2.44, TGS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.72% |
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 2Y0.5%
EPS Next 3Y13.99%
OSL:TGS (11/14/2025, 7:00:00 PM)
93.5
-2.6 (-2.71%)
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 Cap18.38B
Revenue(TTM)1.75B
Net Income(TTM)49.50M
Analysts49.23
Price Target102.73 (9.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.72% |
Yearly Dividend5.64
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)3.98%
PT rev (3m)1.99%
EPS NQ rev (1m)-9.81%
EPS NQ rev (3m)-28.13%
EPS NY rev (1m)185.19%
EPS NY rev (3m)-77.14%
Revenue NQ rev (1m)-1.51%
Revenue NQ rev (3m)-9.54%
Revenue NY rev (1m)1.04%
Revenue NY rev (3m)-2.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.64 | ||
| Fwd PE | 17.68 | ||
| P/S | 1.05 | ||
| P/FCF | 4.99 | ||
| P/OCF | 2.12 | ||
| P/B | 0.91 | ||
| P/tB | 10.47 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.42
EY2.59%
EPS(NY)5.29
Fwd EY5.66%
FCF(TTM)18.73
FCFY20.03%
OCF(TTM)44.2
OCFY47.27%
SpS89.39
BVpS102.4
TBVpS8.93
PEG (NY)N/A
PEG (5Y)N/A
Graham Number74.67
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 | 1.36 |
F-Score6
WACC8.46%
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-50.15%
EPS Next 2Y0.5%
EPS Next 3Y13.99%
EPS Next 5YN/A
Revenue 1Y (TTM)71.64%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%-5.92%
Revenue Next Year-1.7%
Revenue Next 2Y-3.14%
Revenue Next 3Y0.63%
Revenue Next 5Y-0.27%
EBIT growth 1Y112.02%
EBIT growth 3Y-1.41%
EBIT growth 5Y3.1%
EBIT Next Year228.28%
EBIT Next 3Y55.93%
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 38.64 and the Price/Book (PB) ratio is 0.91.
What is the financial health of TGS ASA (TGS.OL) stock?
The financial health rating of TGS ASA (TGS.OL) is 3 / 10.