TGS ASA (TGS.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:TGS - NO0003078800 - Common Stock
90.45 NOK
+1.7 (+1.92%)
Overall TGS gets a fundamental rating of 3 out of 10. We evaluated TGS against 39 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
In the past year TGS was profitable.
TGS had a positive operating cash flow in the past year.
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
With a Return On Assets value of 1.29%, TGS is not doing good in the industry: 71.79% of the companies in the same industry are doing better.
TGS has a worse Return On Equity (2.48%) than 71.79% of its industry peers.
TGS has a Return On Invested Capital (6.91%) which is comparable to the rest of the industry.
TGS had an Average Return On Invested Capital over the past 3 years of 5.85%. This is significantly below the industry average of 10.99%.
The 3 year average ROIC (5.85%) for TGS is below the current ROIC(6.91%), indicating increased profibility in the last year.
| 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: 66.67% 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 (14.42%) which is in line with its industry peers.
TGS's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 78.59%, TGS belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TGS is destroying value.
TGS has more shares outstanding than it did 1 year ago.
The number of shares outstanding for TGS has been increased compared to 5 years ago.
The debt/assets ratio for TGS is higher compared to a year ago.
2.2 Solvency
TGS has an Altman-Z score of 1.33. This is a bad value and indicates that TGS is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.33, TGS is in line with its industry, outperforming 48.72% of the companies in the same industry.
The Debt to FCF ratio of TGS is 2.37, which is a good value as it means it would take TGS, 2.37 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TGS (2.37) is better than 74.36% of its industry peers.
TGS has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.37, TGS is doing good in the industry, outperforming 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Altman-Z | 1.33 |
ROIC/WACC0.82
WACC8.45%
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: 89.74% of the companies in the same industry are doing better.
A Quick Ratio of 0.68 indicates that TGS may have some problems paying its short term obligations.
TGS has a worse Quick ratio (0.68) than 89.74% 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.
The earnings per share for TGS have been decreasing by -22.33% on average. This is quite bad
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
Based on estimates for the next years, TGS will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.99% on average per year.
TGS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.27% yearly.
EPS Next Y-50.15%
EPS Next 2Y0.5%
EPS Next 3Y13.99%
EPS Next 5YN/A
Revenue Next Year-1.7%
Revenue Next 2Y-3.14%
Revenue Next 3Y0.63%
Revenue Next 5Y-0.27%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 37.38 indicates a quite expensive valuation of 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 71.79% of the companies listed in the same industry.
TGS's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.46.
With a Price/Forward Earnings ratio of 17.05, 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 69.23% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.10, TGS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.38 | ||
| Fwd PE | 17.05 |
4.2 Price Multiples
71.79% of the companies in the same industry are more expensive than TGS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.82 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
TGS's earnings are expected to grow with 13.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.5%
EPS Next 3Y13.99%
5. Dividend
5.1 Amount
TGS has a Yearly Dividend Yield of 7.45%, which is a nice return.
Compared to an average industry Dividend Yield of 7.32, 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 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.45% |
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 2Y0.5%
EPS Next 3Y13.99%
OSL:TGS (12/5/2025, 4:19:55 PM)
90.45
+1.7 (+1.92%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners61.61%
Inst Owner ChangeN/A
Ins Owners0.95%
Ins Owner ChangeN/A
Market Cap17.78B
Revenue(TTM)1.75B
Net Income(TTM)49.50M
Analysts49.23
Price Target102.73 (13.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.45% |
Yearly Dividend5.7
Dividend Growth(5Y)-11.71%
DP239.94%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-92.38%
Min EPS beat(2)-286.02%
Max EPS beat(2)101.27%
EPS beat(4)1
Avg EPS beat(4)-77.25%
Min EPS beat(4)-286.02%
Max EPS beat(4)101.27%
EPS beat(8)2
Avg EPS beat(8)-184.52%
EPS beat(12)3
Avg EPS beat(12)-141.9%
EPS beat(16)4
Avg EPS beat(16)-125.7%
Revenue beat(2)1
Avg Revenue beat(2)-5.34%
Min Revenue beat(2)-19.07%
Max Revenue beat(2)8.4%
Revenue beat(4)3
Avg Revenue beat(4)2.67%
Min Revenue beat(4)-19.07%
Max Revenue beat(4)17.79%
Revenue beat(8)4
Avg Revenue beat(8)0.82%
Revenue beat(12)4
Avg Revenue beat(12)-4.68%
Revenue beat(16)7
Avg Revenue beat(16)1.47%
PT rev (1m)3.98%
PT rev (3m)6.72%
EPS NQ rev (1m)-2.17%
EPS NQ rev (3m)-29.69%
EPS NY rev (1m)185.19%
EPS NY rev (3m)-9.78%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.31%
Revenue NY rev (1m)1.04%
Revenue NY rev (3m)1.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.38 | ||
| Fwd PE | 17.05 | ||
| P/S | 1.01 | ||
| P/FCF | 4.82 | ||
| P/OCF | 2.04 | ||
| P/B | 0.88 | ||
| P/tB | 10.1 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.42
EY2.68%
EPS(NY)5.3
Fwd EY5.86%
FCF(TTM)18.78
FCFY20.77%
OCF(TTM)44.33
OCFY49.02%
SpS89.66
BVpS102.7
TBVpS8.96
PEG (NY)N/A
PEG (5Y)N/A
Graham Number74.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 2.48% | ||
| ROCE | 8.97% | ||
| ROIC | 6.91% | ||
| ROICexc | 7.47% | ||
| ROICexgc | 25.25% | ||
| OM | 14.42% | ||
| PM (TTM) | 2.84% | ||
| GM | 78.59% | ||
| FCFM | 20.95% |
ROA(3y)2.74%
ROA(5y)-0.96%
ROE(3y)4.45%
ROE(5y)-1.33%
ROIC(3y)5.85%
ROIC(5y)N/A
ROICexc(3y)6.57%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.72%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-35.15%
ROICexc growth 5Y-15.78%
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%
F-Score6
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 28.5% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 738.73% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 1.33 |
F-Score6
WACC8.45%
ROIC/WACC0.82
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)39.85%
Cap/Sales(5y)52.79%
Profit Quality(3y)338.92%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.11%
EPS 3YN/A
EPS 5Y-22.33%
EPS Q2Q%63.16%
EPS Next Y-50.15%
EPS Next 2Y0.5%
EPS Next 3Y13.99%
EPS Next 5YN/A
Revenue 1Y (TTM)71.64%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%-5.92%
Revenue Next Year-1.7%
Revenue Next 2Y-3.14%
Revenue Next 3Y0.63%
Revenue Next 5Y-0.27%
EBIT growth 1Y112.02%
EBIT growth 3Y-1.41%
EBIT growth 5Y3.1%
EBIT Next Year228.28%
EBIT Next 3Y55.93%
EBIT Next 5Y38%
FCF growth 1Y153.59%
FCF growth 3Y13.38%
FCF growth 5Y-1.21%
OCF growth 1Y55.12%
OCF growth 3Y25.56%
OCF growth 5Y2.32%
TGS ASA / TGS.OL FAQ
What is the fundamental rating for TGS stock?
ChartMill assigns a fundamental rating of 3 / 10 to TGS.OL.
Can you provide the valuation status for TGS ASA?
ChartMill assigns a valuation rating of 2 / 10 to TGS ASA (TGS.OL). This can be considered as Overvalued.
What is the profitability of TGS stock?
TGS ASA (TGS.OL) has a profitability rating of 3 / 10.
What are the PE and PB ratios of TGS ASA (TGS.OL) stock?
The Price/Earnings (PE) ratio for TGS ASA (TGS.OL) is 37.38 and the Price/Book (PB) ratio is 0.88.
What is the financial health of TGS ASA (TGS.OL) stock?
The financial health rating of TGS ASA (TGS.OL) is 3 / 10.