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Magseis Fairfield Future Growth

Future criteria checks 3/6

Key information

150.9%

Earnings growth rate

154.4%

EPS growth rate

Energy Services earnings growth	11.4%
Revenue growth rate	-4.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	n/a

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:5M6 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2023	339	1	N/A	N/A	1
12/31/2022	373	4	N/A	N/A	1
9/30/2022	350	-40	20	36	N/A
6/30/2022	335	-31	-7	5	N/A
3/31/2022	291	-29	-5	8	N/A
12/31/2021	258	-32	-6	7	N/A
9/30/2021	234	-25	-19	-11	N/A
6/30/2021	197	-23	0	6	N/A
3/31/2021	183	-24	-7	5	N/A
12/31/2020	193	-20	-5	20	N/A
9/30/2020	219	-58	18	65	N/A
6/30/2020	307	-165	31	105	N/A
3/31/2020	393	-152	55	145	N/A
12/31/2019	460	-152	54	145	N/A
9/30/2019	461	-108	44	115	N/A
6/30/2019	343	-9	20	72	N/A
3/31/2019	231	-20	-6	30	N/A
12/31/2018	136	-3	-20	14	N/A
9/30/2018	65	-11	-46	7	N/A
6/30/2018	78	5	-32	21	N/A
3/31/2018	77	9	-42	8	N/A
12/31/2017	74	7	-20	24	N/A
9/30/2017	89	17	3	30	N/A
6/30/2017	74	-2	-22	2	N/A
3/31/2017	62	-9	-17	6	N/A
12/31/2016	59	-17	-19	-2	N/A
9/30/2016	44	-28	-35	-13	N/A
6/30/2016	44	-19	N/A	2	N/A
3/31/2016	53	-14	N/A	3	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5M6 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.03%).

Earnings vs Market: 5M6 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 5M6 is expected to become profitable in the next 3 years.

Revenue vs Market: 5M6's revenue is expected to decline over the next 3 years (-4.4% per year).

High Growth Revenue: 5M6's revenue is forecast to decline over the next 3 years (-4.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 5M6's Return on Equity is forecast to be high in 3 years time

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Magseis Fairfield Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Forecast to breakeven in 2022

Recent updates

Magseis Fairfield ASA to Report Fiscal Year 2022 Results on Apr 28, 2023

Oslo Børs Decides to Delist the Shares in Magseis Fairfield Asa

TGS ASA (OB:TGS) completed the acquisition of 21.97% stake in Magseis Fairfield ASA (OB:MSEIS) for NOK8.08 per share.

Magseis Fairfield ASA to Report Q4, 2022 Results on Feb 09, 2023

Magseis Fairfield ASA to Report First Half, 2023 Results on Jul 20, 2023

No independent directors

Magseis Fairfield ASA Announces Management Changes

Third quarter 2022 earnings released: US$0.03 loss per share (vs US$0.002 profit in 3Q 2021)

TGS ASA (OB:TGS) completed the acquisition of Magseis Fairfield ASA (OB : MSEIS) from Fairfield Ms LLC, members of the Magseis Board and management and others.

Second quarter 2022 earnings released: US$0.01 loss per share (vs US$0.007 loss in 2Q 2021)

TGS ASA (OB:TGS) made a voluntary exchange offer to acquire Magseis Fairfield ASA (OB : MSEIS) from Fairfield MS, LLC, members of the Magseis Board and management and others for NOK 2.3 billion.

First quarter 2022 earnings released: US$0.05 loss per share (vs US$0.06 loss in 1Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Third quarter 2021 earnings released: EPS US$0.001 (vs US$0.013 in 3Q 2020)

Forecast to breakeven in 2022

Second quarter 2021 earnings released: US$0.01 loss per share (vs US$0.012 loss in 2Q 2020)

First quarter 2021 earnings released: US$0.06 loss per share (vs US$0.06 loss in 1Q 2020)

Co-Founder & Executive Director Jan Gateman has left the company

Independent Chairman of the Board recently bought €102k worth of stock

Full year 2020 earnings released: US$0.08 loss per share (vs US$0.82 loss in FY 2019)

New 90-day high: €0.55

Full year 2020 earnings released: US$0.08 loss per share (vs US$0.82 loss in FY 2019)

Revenue misses expectations

Magseis Fairfield ASA Wins Obn Deep-Water Survey in Angola

New 90-day high: €0.39

New 90-day high: €0.38

New 90-day high: €0.36

Magseis Fairfield Receives Multiyear Ocean Bottom Nodes Services and Seismic Shooting Services on the Norwegian Continental Shelf

Magseis Fairfield Wins Deepwater OBN Monitor Survey in US Gulf of Mexico from First Quarter of 2021

New 90-day high: €0.30

New 90-day high: €0.21

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.01

Magseis Fairfield Announces Executive Changes

Earnings released

Magseis Fairfield ASA has completed a Follow-on Equity Offering in the amount of NOK 277.44 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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