TGS ASA (TGS.OL) Fundamental Analysis & Valuation

OSL:TGS • NO0003078800

Current stock price

127.1 NOK
+3 (+2.42%)
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.
  • Of the past 5 years TGS 4 years were profitable.
  • TGS had a positive operating cash flow in each 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 2025 0 200M 400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.47%, TGS is doing worse than 77.78% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 0.93%, TGS is doing worse than 77.78% of the companies in the same industry.
  • With a Return On Invested Capital value of 5.23%, TGS is not doing good in the industry: 63.89% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for TGS is significantly below the industry average of 10.23%.
  • The 3 year average ROIC (4.92%) for TGS is below the current ROIC(5.23%), indicating increased profibility in the last year.
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

  • TGS has a Profit Margin of 1.21%. This is in the lower half of the industry: TGS underperforms 77.78% of its industry peers.
  • In the last couple of years the Profit Margin of TGS has declined.
  • TGS has a Operating Margin of 12.25%. This is comparable to the rest of the industry: TGS outperforms 52.78% of its industry peers.
  • In the last couple of years the Operating Margin of TGS has declined.
  • Looking at the Gross Margin, with a value of 81.43%, TGS belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. TGS.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TGS is destroying value.
  • TGS has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for TGS has been increased compared to 5 years ago.
  • TGS has a worse debt/assets ratio than last year.
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 1.39, 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 1.39, TGS is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
  • TGS has a debt to FCF ratio of 2.25. This is a good value and a sign of high solvency as TGS would need 2.25 years to pay back of all of its debts.
  • The Debt to FCF ratio of TGS (2.25) is better than 72.22% of its industry peers.
  • TGS has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
  • TGS's Debt to Equity ratio of 0.36 is fine compared to the rest of the industry. TGS outperforms 61.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.25
Altman-Z 1.39
ROIC/WACC0.62
WACC8.42%
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

  • A Current Ratio of 0.64 indicates that TGS may have some problems paying its short term obligations.
  • The Current ratio of TGS (0.64) is worse than 91.67% of its industry peers.
  • TGS has a Quick 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.
  • The Quick ratio of TGS (0.64) is worse than 91.67% 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

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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.
  • The earnings per share for TGS have been decreasing by -55.54% on average. This is quite bad
  • The Revenue has grown by 15.83% in the past year. This is quite good.
  • 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.
  • The Revenue is expected to grow by 3.70% on average over the next years.
EPS Next Y553.98%
EPS Next 2Y204.27%
EPS Next 3Y132.48%
EPS Next 5YN/A
Revenue Next Year-2.46%
Revenue Next 2Y2.62%
Revenue Next 3Y3.7%
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.
  • 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.
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

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4

4. TGS.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 167.24 indicates a quite expensive valuation of TGS.
  • Based on the Price/Earnings ratio, TGS is valued a bit more expensive than 75.00% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of TGS to the average of the S&P500 Index (27.34), we can say TGS is valued expensively.
  • With a Price/Forward Earnings ratio of 25.58, TGS can be considered very expensive at the moment.
  • 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.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.18, TGS is valued a bit cheaper.
Industry RankSector Rank
PE 167.24
Fwd PE 25.58
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

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGS indicates a somewhat cheap valuation: TGS is cheaper than 77.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.91
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 132.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y204.27%
EPS Next 3Y132.48%

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

5

5. TGS.OL Dividend Analysis

5.1 Amount

  • TGS has a Yearly Dividend Yield of 4.92%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.78, TGS pays a better dividend. On top of this TGS pays more dividend than 80.56% of the companies listed in the same industry.
  • TGS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.92%

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

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TGS.OL Fundamentals: All Metrics, Ratios and Statistics

TGS ASA

OSL:TGS (4/14/2026, 4:19:59 PM)

127.1

+3 (+2.42%)

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 Cap24.99B
Revenue(TTM)1.53B
Net Income(TTM)18.40M
Analysts48.57
Price Target108.56 (-14.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.92%
Yearly Dividend5.88
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)5.67%
EPS NQ rev (1m)-2.56%
EPS NQ rev (3m)261.91%
EPS NY rev (1m)-9.91%
EPS NY rev (3m)0.1%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)9.54%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)1.82%
Valuation
Industry RankSector Rank
PE 167.24
Fwd PE 25.58
P/S 1.72
P/FCF 6.91
P/OCF 3.09
P/B 1.33
P/tB 23.16
EV/EBITDA N/A
EPS(TTM)0.76
EY0.6%
EPS(NY)4.97
Fwd EY3.91%
FCF(TTM)18.39
FCFY14.47%
OCF(TTM)41.07
OCFY32.31%
SpS73.77
BVpS95.68
TBVpS5.49
PEG (NY)0.3
PEG (5Y)N/A
Graham Number40.45
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 1.39
F-Score5
WACC8.42%
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-2.46%
Revenue Next 2Y2.62%
Revenue Next 3Y3.7%
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 4 / 10 to TGS ASA (TGS.OL). This can be considered as Fairly Valued.


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 5 / 10 and the dividend payout ratio is 661.41%.