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 3,026 - -
Change - 49.61% 2.3% 14.68% -8.3% 68.66% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,431 3,395 3,347
Change - 58.65% 7.8% 53.36% -9.17% 54.46% -1.04% -1.4%
P/E -20.9x 18.4x 76.7x 19.2x 101x 15.7x 13.3x 11.3x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.52x 1.47x 1.43x
PEG - -0x -1x 0x -1.2x 0x 0.8x 0.6x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.98x 1.88x 1.8x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.25x 2.11x 1.99x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.96x 3.42x 3.15x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 11x 9.43x 8.05x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 14.9x 16.1x 12.8x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 6.72% 6.21% 7.8%
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% 3.96% 4.43% 5.9%
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 15.38 15.38 15.38
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.($)
15.98x2.29x4.03x3.89% 3.08B
23.29x2.35x10.92x2.18% 79.34B
19.26x2.36x13.32x1.68% 54.26B
16.04x2.22x9.69x4.62% 30.6B
15.43x1.53x8.56x1.91% 29.58B
23.11x2.54x12.52x0.28% 28B
28.02x4.6x18.24x1.03% 14.37B
13.54x1.29x5.42x3.63% 10.49B
32.19x0.53x4.69x3.63% 9.84B
20.95x0.8x7.05x2.08% 6.87B
Average 20.78x 2.05x 9.44x 2.49% 26.64B
Weighted average by Cap. 20.80x 2.24x 10.94x 2.2%

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