TGS ASA (TGS.OL) Fundamental Analysis & Valuation

OSL:TGS • NO0003078800

Current stock price

123 NOK
-3 (-2.38%)
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.
  • TGS had a positive operating cash flow in the past year.
  • Of the past 5 years TGS 4 years were profitable.
  • 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 2025 0 200M 400M 600M 800M

1.2 Ratios

  • TGS has a Return On Assets of 0.47%. This is in the lower half of the industry: TGS underperforms 78.38% of its industry peers.
  • Looking at the Return On Equity, with a value of 0.92%, TGS is doing worse than 78.38% of the companies in the same industry.
  • TGS's Return On Invested Capital of 5.53% is on the low side compared to the rest of the industry. TGS is outperformed by 64.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TGS is significantly below the industry average of 10.56%.
  • 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.
  • In the last couple of years the Profit Margin of TGS has declined.
  • TGS has a Operating Margin (12.94%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of TGS has declined.
  • With an excellent Gross Margin value of 81.43%, TGS belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
  • In the last couple of years the Gross Margin of TGS has declined.
Industry RankSector Rank
OM 12.94%
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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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.
  • The number of shares outstanding for TGS remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, TGS has more shares outstanding
  • 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 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

  • An Altman-Z score of 1.93 indicates that TGS is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.93, TGS is in the better half of the industry, outperforming 64.86% 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.
  • TGS has a Debt to FCF ratio of 2.25. This is in the better half of the industry: TGS outperforms 72.97% 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.
  • The Debt to Equity ratio of TGS (0.36) is better than 62.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.25
Altman-Z 1.93
ROIC/WACC0.66
WACC8.41%
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.
  • TGS has a worse Current ratio (0.64) than 91.89% of its industry peers.
  • A Quick Ratio of 0.64 indicates that TGS may have some problems paying its short term obligations.
  • TGS has a worse Quick ratio (0.64) than 91.89% 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
  • TGS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.83%.
  • 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

  • Based on estimates for the next years, TGS will show a very strong growth in Earnings Per Share. The EPS will grow by 170.50% on average per year.
  • The Revenue is expected to grow by 3.70% 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-2.46%
Revenue Next 2Y2.62%
Revenue Next 3Y3.7%
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.
  • 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

  • Based on the Price/Earnings ratio of 161.84, the valuation of TGS can be described as expensive.
  • Based on the Price/Earnings ratio, TGS is valued a bit more expensive than the industry average as 75.68% of the companies are valued more cheaply.
  • TGS is valuated expensively when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 22.24, 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 70.27% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.54, TGS is valued at the same level.
Industry RankSector Rank
PE 161.84
Fwd PE 22.24
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 81.08% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.67
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 170.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
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

  • TGS has a Yearly Dividend Yield of 4.84%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.99, TGS pays a bit more dividend than its industry peers.
  • TGS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
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 (4/10/2026, 7:00:00 PM)

123

-3 (-2.38%)

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 Cap24.18B
Revenue(TTM)1.53B
Net Income(TTM)18.30M
Analysts48.57
Price Target108.56 (-11.74%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.84%
Yearly Dividend6.04
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)4.2%
PT rev (3m)5.67%
EPS NQ rev (1m)-2.56%
EPS NQ rev (3m)261.91%
EPS NY rev (1m)0%
EPS NY rev (3m)11.11%
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 161.84
Fwd PE 22.24
P/S 1.66
P/FCF 6.67
P/OCF 2.99
P/B 1.28
P/tB 22.26
EV/EBITDA N/A
EPS(TTM)0.76
EY0.62%
EPS(NY)5.53
Fwd EY4.5%
FCF(TTM)18.43
FCFY14.99%
OCF(TTM)41.17
OCFY33.47%
SpS73.95
BVpS95.94
TBVpS5.53
PEG (NY)0.26
PEG (5Y)N/A
Graham Number40.5
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
WACC8.41%
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-2.46%
Revenue Next 2Y2.62%
Revenue Next 3Y3.7%
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.


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 4 / 10 and the dividend payout ratio is 665.03%.