TGS ASA (TGS.OL) Fundamental Analysis & Valuation

OSL:TGS • NO0003078800

Current stock price

128.2 NOK
+0.2 (+0.16%)
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

  • TGS had positive earnings in the past year.
  • TGS had a positive operating cash flow in the past year.
  • 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 78.38% of its industry peers.
  • With a Return On Equity value of 0.92%, TGS is not doing good in the industry: 78.38% of the companies in the same industry are doing better.
  • With a Return On Invested Capital value of 5.53%, TGS is not doing good in the industry: 64.86% of the companies in the same industry are doing better.
  • TGS had an Average Return On Invested Capital over the past 3 years of 4.87%. This is significantly below the industry average of 10.54%.
  • The last Return On Invested Capital (5.53%) for TGS is above the 3 year average (4.87%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.47%
ROE 0.92%
ROIC 5.53%
ROA(3y)1.3%
ROA(5y)0.8%
ROE(3y)2.39%
ROE(5y)1.49%
ROIC(3y)4.87%
ROIC(5y)7.39%
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 (1.20%) is worse than 78.38% of its industry peers.
  • TGS's Profit Margin has declined in the last couple of years.
  • TGS has a Operating Margin (12.94%) which is comparable to the rest of the industry.
  • TGS's Operating Margin has declined in the last couple of years.
  • TGS's Gross Margin of 81.43% is amongst the best of the industry. TGS outperforms 89.19% of its industry peers.
  • In the last couple of years the Gross Margin of TGS has declined.
Industry RankSector Rank
OM 12.94%
PM (TTM) 1.2%
GM 81.43%
OM growth 3Y-15.06%
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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3

2. TGS.OL Health Analysis

2.1 Basic Checks

  • TGS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
  • 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

  • TGS has an Altman-Z score of 1.93. This is not the best score and indicates that TGS is in the grey zone with still only limited risk for bankruptcy at the moment.
  • TGS has a better Altman-Z score (1.93) than 64.86% 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.
  • Looking at the Debt to FCF ratio, with a value of 2.25, TGS is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
  • A Debt/Equity ratio of 0.36 indicates that TGS is not too dependend on debt financing.
  • TGS has a Debt to Equity ratio of 0.36. This is in the better half of the industry: TGS outperforms 62.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.25
Altman-Z 1.93
ROIC/WACC0.66
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

  • 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 Current ratio of 0.64. This is amonst the worse of the industry: TGS underperforms 91.89% of its industry peers.
  • A Quick Ratio of 0.64 indicates that TGS may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.64, TGS is doing worse than 91.89% of the companies in the same industry.
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.
  • The Revenue has been growing by 33.51% on average over the past years. This is a very strong growth!
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 170.50% yearly.
  • The Revenue is expected to grow by 4.31% on average over the next years.
EPS Next Y625.94%
EPS Next 2Y207.71%
EPS Next 3Y170.5%
EPS Next 5YN/A
Revenue Next Year-2.33%
Revenue Next 2Y2.99%
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.
  • 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

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4

4. TGS.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 166.49, TGS can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, TGS is valued a bit more expensive than 75.68% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 24.88. TGS is valued rather expensively when compared to this.
  • TGS is valuated rather expensively with a Price/Forward Earnings ratio of 22.89.
  • 70.27% of the companies in the same industry are cheaper than TGS, based on the Price/Forward Earnings ratio.
  • TGS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 166.49
Fwd PE 22.89
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 rather cheap valuation: TGS is cheaper than 83.78% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.87
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 170.50% in the coming years.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y207.71%
EPS Next 3Y170.5%

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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 4.84%, TGS is a good candidate for dividend investing.
  • TGS's Dividend Yield is a higher than the industry average which is at 2.98.
  • Compared to an average S&P500 Dividend Yield of 1.89, TGS pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.84%

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

  • TGS pays out 665.03% of its income as dividend. This is not a sustainable payout ratio.
DP665.03%
EPS Next 2Y207.71%
EPS Next 3Y170.5%
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 (3/27/2026, 7:00:00 PM)

128.2

+0.2 (+0.16%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-12
Earnings (Next)04-30
Inst Owners62.52%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap25.20B
Revenue(TTM)1.53B
Net Income(TTM)18.30M
Analysts47.14
Price Target108.56 (-15.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.84%
Yearly Dividend6.02
Dividend Growth(5Y)-3.71%
DP665.03%
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)0.7%
PT rev (3m)1.42%
EPS NQ rev (1m)181.49%
EPS NQ rev (3m)261.91%
EPS NY rev (1m)9.52%
EPS NY rev (3m)11.11%
Revenue NQ rev (1m)9.21%
Revenue NQ rev (3m)9.54%
Revenue NY rev (1m)0.94%
Revenue NY rev (3m)1.96%
Valuation
Industry RankSector Rank
PE 166.49
Fwd PE 22.89
P/S 1.71
P/FCF 6.87
P/OCF 3.08
P/B 1.32
P/tB 22.91
EV/EBITDA N/A
EPS(TTM)0.77
EY0.6%
EPS(NY)5.6
Fwd EY4.37%
FCF(TTM)18.67
FCFY14.56%
OCF(TTM)41.69
OCFY32.52%
SpS74.89
BVpS97.15
TBVpS5.6
PEG (NY)0.27
PEG (5Y)N/A
Graham Number41.03
Profitability
Industry RankSector Rank
ROA 0.47%
ROE 0.92%
ROCE 7.18%
ROIC 5.53%
ROICexc 5.99%
ROICexgc 22.61%
OM 12.94%
PM (TTM) 1.2%
GM 81.43%
FCFM 24.93%
ROA(3y)1.3%
ROA(5y)0.8%
ROE(3y)2.39%
ROE(5y)1.49%
ROIC(3y)4.87%
ROIC(5y)7.39%
ROICexc(3y)5.3%
ROICexc(5y)9.5%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.33%
ROCE(5y)9.67%
ROICexgc growth 3Y-31.49%
ROICexgc growth 5YN/A
ROICexc growth 3Y-15.07%
ROICexc growth 5YN/A
OM growth 3Y-15.06%
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 2079.78%
Current Ratio 0.64
Quick Ratio 0.64
Altman-Z 1.93
F-Score5
WACC8.42%
ROIC/WACC0.66
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 Y625.94%
EPS Next 2Y207.71%
EPS Next 3Y170.5%
EPS Next 5YN/A
Revenue 1Y (TTM)15.83%
Revenue growth 3Y28.68%
Revenue growth 5Y33.51%
Sales Q2Q%-44.52%
Revenue Next Year-2.33%
Revenue Next 2Y2.99%
Revenue Next 3Y4.31%
Revenue Next 5YN/A
EBIT growth 1Y-1.29%
EBIT growth 3Y9.3%
EBIT growth 5YN/A
EBIT Next Year327.51%
EBIT Next 3Y67.6%
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.


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 166.49 and the Price/Book (PB) ratio is 1.32.


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 665.03%.