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 2,867 - -
Change - 49.61% 2.3% 14.68% -8.3% 59.81% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,269 3,236 3,189
Change - 58.65% 7.8% 53.36% -9.17% 47.19% -1.01% -1.47%
P/E -20.9x 18.4x 76.7x 19.2x 101x 14.6x 12.4x 10.5x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.44x 1.38x 1.34x
PEG - -0x -1x 0x -1.2x 0x 0.7x 0.6x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.89x 1.78x 1.69x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.15x 2.01x 1.88x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.78x 3.26x 2.99x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 10.3x 8.94x 7.58x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 14.2x 15.3x 12.2x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 7.05% 6.52% 8.19%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.6092 0.6814 0.9067
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 4.18% 4.68% 6.22%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.9974 1.172 1.382
Distribution rate -122% 76.7% 329% 108% 689% 61.1% 58.2% 65.6%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,520 1,611 1,692
EBITDA 1 196 538.9 383.9 694.2 896.2 866 993.5 1,066
EBIT 1 -161.6 130.7 53.3 195.5 182.4 316.9 362.1 420.7
Net income 1 -54.11 86.67 21.65 94.22 18.3 196.1 249.2 309.6
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 402.1 369 321.6
Reference price 2 9.60 13.40 13.04 9.97 9.13 14.57 14.57 14.57
Nbr of stocks (in thousands) 116,107 124,469 130,862 196,213 196,459 196,756 - -
Announcement Date 10/2/22 9/2/23 15/2/24 20/2/25 12/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.61x2.15x3.78x4.18% 2.87B
22.61x2.27x10.53x2.27% 76.27B
18.31x2.1x11.76x1.87% 49.1B
15.2x2.19x9.21x4.73% 30.82B
14.63x1.45x8.16x2.01% 27.94B
20.56x2.32x11.39x0.3% 25.76B
22.45x3.53x13.98x1.29% 11.28B
12.45x1.18x4.96x3.95% 9.64B
29.85x0.49x4.34x3.91% 9.04B
20.76x0.31x4.41x2.9% 6.62B
Average 19.14x 1.80x 8.25x 2.74% 25B
Weighted average by Cap. 19.46x 2.04x 9.91x 2.38%

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