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 2,882 - -
Change - 49.61% 2.3% 14.68% -8.3% 60.66% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,344 3,284 3,259
Change - 58.65% 7.8% 53.36% -9.17% 50.55% -1.79% -0.77%
P/E -20.9x 18.4x 76.7x 19.2x 101x 13.6x 11.9x 10.3x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.43x 1.39x 1.35x
PEG - -0x -1x 0x -1.2x 0x 0.8x 0.7x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.93x 1.81x 1.74x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.24x 2.06x 1.97x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.8x 3.3x 3.11x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 10.4x 9.2x 8.19x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 13.7x 15.3x 12.4x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 7.3% 6.54% 8.08%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.6136 0.71 0.9067
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 4.18% 4.84% 6.18%
EPS 2 -0.46 0.73 0.17 0.52 0.09 1.075 1.237 1.423
Distribution rate -122% 76.7% 329% 108% 689% 57.1% 57.4% 63.7%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,494 1,594 1,658
EBITDA 1 196 538.9 383.9 694.2 896.2 880.3 995.9 1,048
EBIT 1 -161.6 130.7 53.3 195.5 182.4 320.1 357.1 397.7
Net income 1 -54.11 86.67 21.65 94.22 18.3 219.1 253.2 288.2
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 461.4 401.4 376.2
Reference price 2 9.60 13.40 13.04 9.97 9.13 14.67 14.67 14.67
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.56x2.16x3.62x4.38% 2.88B
19.98x2.15x9.85x2.43% 73.47B
18.95x2.28x12.87x1.71% 55.29B
15.21x2.09x9.13x4.88% 29.87B
13.54x1.45x7.91x2.08% 27.91B
22.08x2.42x11.95x0.29% 27.32B
25.98x4.27x16.67x1.1% 13.01B
13.22x1.26x5.28x3.72% 10.54B
31.21x0.51x4.54x3.74% 10.02B
20.92x0.78x6.83x2.15% 6.75B
Average 19.47x 1.94x 8.87x 2.65% 25.71B
Weighted average by Cap. 19.15x 2.09x 10.23x 2.35%

Y-o-Y evolution of P/E

Valuation ratios - P/E - TGS ASA

Historical PBR trend

Valuation ratios - PBR - TGS ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - TGS ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - TGS ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - TGS ASA