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 2,821 - -
Change - 49.61% 2.3% 14.68% -8.3% 57.25% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,226 3,190 3,143
Change - 58.65% 7.8% 53.36% -9.17% 45.24% -1.1% -1.49%
P/E -20.9x 18.4x 76.7x 19.2x 101x 14.8x 12.6x 10.7x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.43x 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 1.85x 1.76x 1.68x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.12x 1.99x 1.87x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.72x 3.21x 2.96x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 10.3x 8.86x 7.55x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 14x 15.1x 12x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 7.15% 6.61% 8.3%
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% 4.21% 4.71% 6.27%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.9808 1.153 1.357
Distribution rate -122% 76.7% 329% 108% 689% 62.1% 59.1% 66.8%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,525 1,607 1,682
EBITDA 1 196 538.9 383.9 694.2 896.2 866.4 993.9 1,062
EBIT 1 -161.6 130.7 53.3 195.5 182.4 313.1 360 416.1
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 -111.5 488.9 427 404.7 369.1 321.6
Reference price 2 9.60 13.40 13.04 9.97 9.13 14.47 14.47 14.47
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.75x2.13x3.75x4.21% 2.85B
22.66x2.3x10.65x2.25% 77.21B
19.45x2.22x12.44x1.75% 52.68B
15.65x2.16x9.43x4.74% 29.85B
15.01x1.49x8.32x1.97% 28.63B
21.13x2.34x11.56x0.3% 26B
26.55x4.34x17.12x1.08% 13.7B
13.16x1.25x5.26x3.73% 10.19B
31.12x0.51x4.53x3.75% 9.56B
20.86x0.79x6.84x2.19% 6.66B
Average 20.03x 1.95x 8.99x 2.6% 25.73B
Weighted average by Cap. 20.20x 2.14x 10.44x 2.28%

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