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 3,098 - -
Change - 49.61% 2.3% 14.68% -8.3% 72.66% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,599 3,544 3,468
Change - 58.65% 7.8% 53.36% -9.17% 62.03% -1.52% -2.16%
P/E Ratio -20.9x 18.4x 76.7x 19.2x 101x 19.1x 14.1x 12.8x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.58x 1.54x 1.51x
PEG - -0x -1x 0x -1.2x 0x 0.4x 1.3x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 2.12x 1.93x 1.84x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.47x 2.21x 2.06x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.92x 3.47x 3.24x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 13.1x 10.4x 8.91x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 25.4x 13.2x 9.6x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 3.94% 7.58% 10.4%
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% 3.89% 4.75% 6.09%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.8271 1.117 1.227
Distribution rate -122% 76.7% 329% 108% 689% 74.2% 67% 78.2%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,459 1,604 1,680
EBITDA 1 196 538.9 383.9 694.2 896.2 917.3 1,020 1,070
EBIT 1 -161.6 130.7 53.3 195.5 182.4 274.8 341.5 389.1
Net income 1 -54.11 86.67 21.65 94.22 18.3 163.2 220 242.1
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 501.1 446.3 369.9
Reference price 2 9.60 13.40 13.04 9.97 9.13 15.76 15.76 15.76
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.83x1.32x5.83x5.89% 10.69B
15.21x0.39x4.58x2.88% 6.92B
71.73x1.37x10.26x1.27% 4.57B
47.36x1.59x7.51x1.58% 2.3B
7.87x0.43x5.06x7.15% 2.29B
16.62x1.34x3.31x1.53% 992M
5.85x0.96x1.56x4.96% 913M
4.76x2.7x7.85x4.68% 558M
11.58x - - 7.24% 501M
Average 21.87x 1.26x 5.75x 4.13% 3.3B
Weighted average by Cap. 25.55x 1.08x 6.12x 4.07%

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

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