TGS ASA (TGS.OL) Stock Fundamental Analysis

OSL:TGS • NO0003078800

109.4 NOK
-0.2 (-0.18%)
Last: Mar 3, 2026, 11:24 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Overall TGS gets a fundamental rating of 3 out of 10. We evaluated TGS against 36 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 valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

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.
  • 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

  • TGS has a Return On Assets of 1.29%. This is in the lower half of the industry: TGS underperforms 77.78% of its industry peers.
  • With a Return On Equity value of 2.48%, TGS is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • 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 10.29%.
  • 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

  • TGS has a Profit Margin of 2.84%. This is in the lower half of the industry: TGS underperforms 69.44% of its industry peers.
  • TGS's Profit Margin has declined in the last couple of years.
  • TGS has a Operating Margin (14.42%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of TGS has declined.
  • The Gross Margin of TGS (78.59%) is better than 91.67% 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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 1.50, we must say that TGS is in the distress zone and has some risk of bankruptcy.
  • TGS has a better Altman-Z score (1.50) than 61.11% of its industry peers.
  • The Debt to FCF ratio of TGS is 2.37, which is a good value as it means it would take TGS, 2.37 years of fcf income to pay off all of its debts.
  • TGS's Debt to FCF ratio of 2.37 is fine compared to the rest of the industry. TGS outperforms 75.00% of its industry peers.
  • A Debt/Equity ratio of 0.37 indicates that TGS is not too dependend on debt financing.
  • The Debt to Equity ratio of TGS (0.37) is better than 61.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.37
Altman-Z 1.5
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 91.67% of its industry peers.
  • A Quick Ratio of 0.68 indicates that TGS may have some problems paying its short term obligations.
  • TGS has a Quick ratio of 0.68. This is amonst the worse of the industry: TGS underperforms 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

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

3

3. Growth

3.1 Past

  • The earnings per share for TGS have decreased strongly by -84.62% in the last year.
  • The earnings per share for TGS have been decreasing by -55.54% on average. This is quite bad
EPS 1Y (TTM)-84.62%
EPS 3Y-55.54%
EPS 5YN/A
EPS Q2Q%-84.21%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-44.52%

3.2 Future

  • The Earnings Per Share is expected to grow by 219.79% on average over the next years. This is a very strong growth
  • TGS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.31% yearly.
EPS Next Y562.81%
EPS Next 2Y219.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.23%
Revenue Next 2Y2.11%
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 0 1 -1

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 142.08, the valuation of TGS can be described as expensive.
  • 75.00% of the companies in the same industry are cheaper than TGS, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.13, TGS is valued quite expensively.
  • The Price/Forward Earnings ratio is 21.57, 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 69.44% of the companies in the same industry.
  • TGS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.11.
Industry RankSector Rank
PE 142.08
Fwd PE 21.57
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

  • 77.78% of the companies in the same industry are more expensive than TGS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.15
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 219.79% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y219.79%
EPS Next 3YN/A

More info and screens

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

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.51%, TGS is a good candidate for dividend investing.
  • TGS's Dividend Yield is a higher than the industry average which is at 3.13.
  • Compared to an average S&P500 Dividend Yield of 1.82, TGS pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.51%

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 2Y219.79%
EPS Next 3YN/A
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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TGS ASA

OSL:TGS (3/3/2026, 11:24:45 AM)

109.4

-0.2 (-0.18%)

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 Cap21.51B
Revenue(TTM)N/A
Net Income(TTM)49.50M
Analysts49.23
Price Target104.19 (-4.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.51%
Yearly Dividend5.32
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)0.96%
EPS NQ rev (3m)16.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.49%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-1.17%
Revenue NY rev (1m)-1.34%
Revenue NY rev (3m)-0.64%
Valuation
Industry RankSector Rank
PE 142.08
Fwd PE 21.57
P/S 1.29
P/FCF 6.15
P/OCF 2.61
P/B 1.12
P/tB 12.89
EV/EBITDA N/A
EPS(TTM)0.77
EY0.7%
EPS(NY)5.07
Fwd EY4.64%
FCF(TTM)17.79
FCFY16.26%
OCF(TTM)42
OCFY38.39%
SpS84.93
BVpS97.29
TBVpS8.49
PEG (NY)0.25
PEG (5Y)N/A
Graham Number41.05
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 1.5
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)-84.62%
EPS 3Y-55.54%
EPS 5YN/A
EPS Q2Q%-84.21%
EPS Next Y562.81%
EPS Next 2Y219.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-44.52%
Revenue Next Year-3.23%
Revenue Next 2Y2.11%
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 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 142.08 and the Price/Book (PB) ratio is 1.12.


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%.