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 2,890 - -
Change - 49.61% 2.3% 14.68% -8.3% 61.08% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,325 3,306 3,273
Change - 58.65% 7.8% 53.36% -9.17% 49.68% -0.55% -1.02%
P/E -20.9x 18.4x 76.7x 19.2x 101x 13.8x 12.3x 10.3x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.44x 1.4x 1.36x
PEG - -0x -1x 0x -1.2x 0x 1x 0.5x
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 2.22x 2.07x 1.97x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.7x 3.28x 3.1x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 10.3x 9.35x 8.19x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 13.6x 15.2x 12.8x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 7.33% 6.6% 7.81%
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% 4.17% 4.83% 6.17%
EPS 2 -0.46 0.73 0.17 0.52 0.09 1.065 1.196 1.429
Distribution rate -122% 76.7% 329% 108% 689% 57.6% 59.3% 63.5%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,495 1,595 1,664
EBITDA 1 196 538.9 383.9 694.2 896.2 899.3 1,008 1,057
EBIT 1 -161.6 130.7 53.3 195.5 182.4 323.3 353.6 399.5
Net income 1 -54.11 86.67 21.65 94.22 18.3 218.4 238.8 292.3
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 434.6 416.5 383
Reference price 2 9.60 13.40 13.04 9.97 9.13 14.71 14.71 14.71
Nbr of stocks (in thousands) 116,107 124,469 130,862 196,213 196,459 196,503 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.81x2.22x3.7x4.17% 2.89B
14.52x1.34x5.68x6.26% 10.82B
16.79x0.21x2.99x3.19% 6.04B
36.68x1.08x8.67x1.75% 3.29B
38.58x1.77x8.12x1.42% 2.64B
7.07x0.42x4.74x17.58% 2.27B
16.63x1.32x3.31x2.29% 991M
5.65x0.92x1.49x5.14% 882M
4.6x2.53x7.22x6.7% 610M
Average 17.15x 1.31x 5.10x 5.39% 3.38B
Weighted average by Cap. 18.44x 1.15x 5.26x 5.24%

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