TGS ASA (TGS.OL) Stock Fundamental Analysis

OSL:TGS • NO0003078800

110.25 NOK
-2.75 (-2.43%)
Last: Feb 17, 2026, 04:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

TGS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 37 industry peers in the Energy Equipment & Services industry. TGS may be in some trouble as it scores bad on both profitability and health. TGS is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year TGS was profitable.
  • 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.
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

  • TGS's Return On Assets of 1.29% is on the low side compared to the rest of the industry. TGS is outperformed by 78.38% of its industry peers.
  • The Return On Equity of TGS (2.48%) is worse than 75.68% of its industry peers.
  • TGS has a Return On Invested Capital (6.91%) which is comparable to the rest of the industry.
  • TGS had an Average Return On Invested Capital over the past 3 years of 5.85%. This is below the industry average of 10.24%.
  • 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

  • The Profit Margin of TGS (2.84%) is worse than 70.27% of its industry peers.
  • TGS's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 14.42%, TGS perfoms like the industry average, outperforming 59.46% 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 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TGS is destroying value.
  • TGS has more shares outstanding than it did 1 year ago.
  • TGS has more shares outstanding than it did 5 years ago.
  • 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 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.
  • Looking at the Altman-Z score, with a value of 1.53, TGS is in the better half of the industry, outperforming 67.57% 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 75.68% 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.
  • The Debt to Equity ratio of TGS (0.37) is better than 62.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.37
Altman-Z 1.53
ROIC/WACC0.82
WACC8.47%
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

  • A Current Ratio of 0.68 indicates that TGS may have some problems paying its short term obligations.
  • The Current ratio of TGS (0.68) is worse than 91.89% of its industry peers.
  • A Quick Ratio of 0.68 indicates that TGS may have some problems paying its short term obligations.
  • The Quick ratio of TGS (0.68) is worse than 91.89% 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

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

4

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%.
  • TGS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.33% yearly.
  • 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

  • Based on estimates for the next years, TGS will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.31% on average per year.
  • The Revenue is expected to decrease by -0.27% on average over the next years.
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.
  • 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 0 1 -1

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 48.36 indicates a quite expensive valuation of TGS.
  • 72.97% of the companies in the same industry are cheaper than TGS, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of TGS to the average of the S&P500 Index (27.19), we can say TGS is valued expensively.
  • The Price/Forward Earnings ratio is 21.88, which indicates a rather expensive current valuation of TGS.
  • 67.57% of the companies in the same industry are cheaper than TGS, based on the Price/Forward Earnings ratio.
  • TGS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 48.36
Fwd PE 21.88
TGS.OL Price Earnings VS Forward Price EarningsTGS.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • TGS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TGS is cheaper than 75.68% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.24
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

  • 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%

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

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.60%, TGS is a good candidate for dividend investing.
  • TGS's Dividend Yield is a higher than the industry average which is at 3.23.
  • TGS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.6%

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.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

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Find the best dividend stocksShow peers with best dividend

TGS ASA

OSL:TGS (2/17/2026, 4:19:52 PM)

110.25

-2.75 (-2.43%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-12
Earnings (Next)04-30
Inst Owners64.17%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap21.68B
Revenue(TTM)1.75B
Net Income(TTM)49.50M
Analysts49.23
Price Target103.46 (-6.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.6%
Yearly Dividend5.35
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)0.71%
PT rev (3m)0.71%
EPS NQ rev (1m)5.61%
EPS NQ rev (3m)12.5%
EPS NY rev (1m)9.09%
EPS NY rev (3m)-6.49%
Revenue NQ rev (1m)-0.73%
Revenue NQ rev (3m)-1.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.71%
Valuation
Industry RankSector Rank
PE 48.36
Fwd PE 21.88
P/S 1.31
P/FCF 6.24
P/OCF 2.64
P/B 1.14
P/tB 13.08
EV/EBITDA N/A
EPS(TTM)2.28
EY2.07%
EPS(NY)5.04
Fwd EY4.57%
FCF(TTM)17.68
FCFY16.03%
OCF(TTM)41.72
OCFY37.84%
SpS84.37
BVpS96.65
TBVpS8.43
PEG (NY)N/A
PEG (5Y)N/A
Graham Number70.41
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
WACC8.47%
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-53.38%
EPS Next 2Y0.98%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue 1Y (TTM)71.64%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%-5.92%
Revenue Next Year-1.01%
Revenue Next 2Y-3.27%
Revenue Next 3Y0.5%
Revenue Next 5Y-0.27%
EBIT growth 1Y112.02%
EBIT growth 3Y-1.41%
EBIT growth 5Y3.1%
EBIT Next Year255.46%
EBIT Next 3Y53.73%
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.


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 48.36 and the Price/Book (PB) ratio is 1.14.


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%.