TGS ASA (TGS.OL) Fundamental Analysis & Valuation

OSL:TGS • NO0003078800

Current stock price

125.5 NOK
-3.5 (-2.71%)
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.
  • TGS had positive earnings in 4 of the past 5 years.
  • 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

  • The Return On Assets of TGS (0.47%) is worse than 77.78% of its industry peers.
  • With a Return On Equity value of 0.93%, TGS is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
  • The Return On Invested Capital of TGS (5.23%) is worse than 61.11% of its industry peers.
  • 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

  • With a Profit Margin value of 1.21%, TGS is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
  • 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.
  • TGS's Operating Margin has declined in the last couple of years.
  • With an excellent Gross Margin value of 81.43%, TGS belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
  • TGS's Gross Margin has declined in the last couple of years.
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.
  • TGS has more shares outstanding than it did 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 1.42, we must say that TGS is in the distress zone and has some risk of bankruptcy.
  • TGS has a better Altman-Z score (1.42) than 61.11% of its industry peers.
  • 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.
  • A Debt/Equity ratio of 0.36 indicates that TGS is not too dependend on debt financing.
  • TGS has a better Debt to Equity ratio (0.36) than 61.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.25
Altman-Z 1.42
ROIC/WACC0.62
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 91.67% of its industry peers.
  • A Quick Ratio of 0.64 indicates that TGS may have some problems paying its short term obligations.
  • TGS's Quick ratio of 0.64 is on the low side compared to the rest of the industry. TGS is outperformed by 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

  • TGS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -84.62%.
  • The earnings per share for TGS have been decreasing by -55.54% on average. This is quite bad
  • Looking at the last year, TGS shows a quite strong growth in Revenue. The Revenue has grown by 15.83% in the last year.
  • Measured over the past years, TGS shows a very strong growth in Revenue. The Revenue has been growing by 33.51% on average per year.
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

  • The Earnings Per Share is expected to grow by 132.48% 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 3.74% yearly.
EPS Next Y553.98%
EPS Next 2Y204.27%
EPS Next 3Y132.48%
EPS Next 5YN/A
Revenue Next Year-2.52%
Revenue Next 2Y2.68%
Revenue Next 3Y3.74%
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

  • The Price/Earnings ratio is 167.33, which means the current valuation is very expensive for TGS.
  • Compared to the rest of the industry, the Price/Earnings ratio of TGS indicates a slightly more expensive valuation: TGS is more expensive than 75.00% of the companies listed in the same industry.
  • TGS's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.87.
  • With a Price/Forward Earnings ratio of 25.69, TGS can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TGS indicates a slightly more expensive valuation: TGS is more expensive than 69.44% of the companies listed in the same industry.
  • TGS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 38.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 167.33
Fwd PE 25.69
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

  • Based on the Price/Free Cash Flow ratio, TGS is valued a bit cheaper than the industry average as 72.22% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.94
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

  • TGS's 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

  • With a Yearly Dividend Yield of 4.81%, TGS is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.81, TGS pays a better dividend. On top of this TGS pays more dividend than 80.56% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, TGS pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.81%

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 (4/17/2026, 7:00:00 PM)

125.5

-3.5 (-2.71%)

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 Cap24.67B
Revenue(TTM)1.53B
Net Income(TTM)18.40M
Analysts48.57
Price Target108.56 (-13.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.81%
Yearly Dividend5.79
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)4.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)261.91%
EPS NY rev (1m)-9.91%
EPS NY rev (3m)0.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.54%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)1.75%
Valuation
Industry RankSector Rank
PE 167.33
Fwd PE 25.69
P/S 1.73
P/FCF 6.94
P/OCF 3.11
P/B 1.33
P/tB 23.26
EV/EBITDA N/A
EPS(TTM)0.75
EY0.6%
EPS(NY)4.89
Fwd EY3.89%
FCF(TTM)18.08
FCFY14.41%
OCF(TTM)40.38
OCFY32.17%
SpS72.53
BVpS94.07
TBVpS5.4
PEG (NY)0.3
PEG (5Y)N/A
Graham Number39.842 (-68.25%)
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 1.42
F-Score5
WACC8.41%
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-2.52%
Revenue Next 2Y2.68%
Revenue Next 3Y3.74%
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%.