TGS ASA (TGS.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:TGS • NO0003078800
100.9 NOK
-0.1 (-0.1%)
Last: Feb 2, 2026, 04:19 PM
TGS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals 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. While showing a medium growth rate, TGS is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- TGS had positive earnings in the past year.
- In the past year TGS had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: TGS reported negative net income in multiple years.
- Each year in the past 5 years TGS had a positive operating cash flow.
1.2 Ratios
- TGS's Return On Assets of 1.29% is on the low side compared to the rest of the industry. TGS is outperformed by 77.78% of its industry peers.
- Looking at the Return On Equity, with a value of 2.48%, TGS is doing worse than 75.00% of the companies in the same industry.
- TGS has a Return On Invested Capital of 6.91%. This is comparable to the rest of the industry: TGS outperforms 47.22% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for TGS is below the industry average of 10.18%.
- 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 Rank | Sector 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
1.3 Margins
- With a Profit Margin value of 2.84%, TGS is not doing good in the industry: 69.44% of the companies in the same industry are doing better.
- In the last couple of years the Profit Margin of TGS has declined.
- The Operating Margin of TGS (14.42%) is comparable to the rest of the industry.
- TGS's Operating Margin has declined in the last couple of years.
- 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TGS is destroying value.
- TGS has more shares outstanding than it did 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.
2.2 Solvency
- TGS has an Altman-Z score of 1.44. This is a bad value and indicates that TGS is not financially healthy and even has some risk of bankruptcy.
- TGS has a Altman-Z score of 1.44. This is in the better half of the industry: TGS outperforms 63.89% of its industry peers.
- TGS has a debt to FCF ratio of 2.37. This is a good value and a sign of high solvency as TGS would need 2.37 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 2.37, TGS is doing good in the industry, outperforming 75.00% of the companies in the same industry.
- TGS has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.37, TGS is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Altman-Z | 1.44 |
ROIC/WACC0.82
WACC8.46%
2.3 Liquidity
- TGS has a Current Ratio of 0.68. This is a bad value and indicates that TGS is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.68, TGS is not doing good in the industry: 91.67% of the companies in the same industry are doing better.
- TGS has a Quick Ratio of 0.68. 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 worse Quick ratio (0.68) than 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
- The earnings per share for TGS have decreased strongly by -11.11% in the last year.
- Measured over the past years, TGS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.33% on average per year.
- The Revenue has grown by 71.64% in the past year. This is a very strong growth!
- The Revenue has been growing by 17.62% on average over the past years. This is quite good.
EPS 1Y (TTM)-11.11%
EPS 3YN/A
EPS 5Y-22.33%
EPS Q2Q%63.16%
Revenue 1Y (TTM)71.64%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%-5.92%
3.2 Future
- TGS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.31% yearly.
- TGS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.27% yearly.
EPS Next Y-53.38%
EPS Next 2Y0.98%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue Next Year-1.01%
Revenue Next 2Y-3.27%
Revenue Next 3Y0.5%
Revenue Next 5Y-0.27%
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 44.06, 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 72.22% of the companies are valued more cheaply.
- TGS's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.32.
- With a Price/Forward Earnings ratio of 19.92, TGS is valued on the expensive side.
- 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 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.06 | ||
| Fwd PE | 19.92 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, TGS is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.68 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- TGS's earnings are expected to grow with 16.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.98%
EPS Next 3Y16.31%
5. Dividend
5.1 Amount
- TGS has a Yearly Dividend Yield of 6.30%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.48, 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 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.3% |
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
- 239.94% of the earnings are spent on dividend by TGS. This is not a sustainable payout ratio.
DP239.94%
EPS Next 2Y0.98%
EPS Next 3Y16.31%
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 2 / 10 to TGS ASA (TGS.OL). This can be considered as Overvalued.
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 44.06 and the Price/Book (PB) ratio is 1.04.
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%.