Company Valuation: TGS ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,115 1,668 1,706 1,956 1,794 2,531 - -
Change - 49.61% 2.3% 14.68% -8.3% 41.07% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,027 2,977 2,901
Change - 58.65% 7.8% 53.36% -9.17% 36.3% -1.65% -2.56%
P/E -20.9x 18.4x 76.7x 19.2x 101x 15.4x 11.5x 10.5x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.29x 1.25x 1.23x
PEG - -0x -1x 0x -1.2x 0x 0.3x 1.06x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.73x 1.58x 1.51x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.07x 1.86x 1.73x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.3x 2.92x 2.71x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 10.9x 8.72x 7.46x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 20.4x 11.5x 8.04x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 4.9% 8.73% 12.4%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.6136 0.7486 0.96
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 4.76% 5.81% 7.45%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.8354 1.115 1.225
Distribution rate -122% 76.7% 329% 108% 689% 73.4% 67.1% 78.3%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,460 1,604 1,679
EBITDA 1 196 538.9 383.9 694.2 896.2 917.3 1,020 1,070
EBIT 1 -161.6 130.7 53.3 195.5 182.4 277.1 341.4 389
Net income 1 -54.11 86.67 21.65 94.22 18.3 165 220 241.9
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 496.4 446.6 370.2
Reference price 2 9.60 13.40 13.04 9.97 9.13 12.88 12.88 12.88
Nbr of stocks (in thousands) 116,107 124,469 130,862 196,213 196,459 196,503 - -
Announcement Date 2/10/22 2/9/23 2/15/24 2/20/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15x1.25x5.49x6.2% 10.13B
14.81x0.37x4.34x2.96% 6.69B
60.11x1.2x9.07x1.48% 3.88B
46.13x1.55x7.32x1.62% 2.24B
7.57x0.44x5.11x6.36% 2.18B
14.99x1.21x3.01x1.82% 867M
5.15x0.81x1.32x5.63% 804M
6.13x1.83x4.18x2.99% 487M
10.2x1.37x3.35x7.93% 463M
Average 20.01x 1.12x 4.80x 4.11% 3.08B
Weighted average by Cap. 22.68x 0.99x 5.58x 4.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield