Loading...

PGS

DB:PGS1
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGS1
DB
NOK4B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PGS ASA operates as a marine geophysical company. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
  • PGS has significant price volatility in the past 3 months.
PGS1 Share Price and Events
7 Day Returns
-5.8%
DB:PGS1
2.2%
Europe Energy Services
-0.3%
DE Market
1 Year Returns
-70.5%
DB:PGS1
-20.6%
Europe Energy Services
-6.7%
DE Market
PGS1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PGS (PGS1) -5.8% -27.4% -42.1% -70.5% -31.1% -83%
Europe Energy Services 2.2% 7.8% -8.3% -20.6% -27.2% -83.8%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • PGS1 underperformed the Energy Services industry which returned -20.6% over the past year.
  • PGS1 underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
PGS1
Industry
5yr Volatility vs Market

Value

 Is PGS undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PGS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PGS.

DB:PGS1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PGS1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.075 (1 + (1- 23%) (311.04%))
2.776
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:PGS1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PGS is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:PGS1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2020 296.11 Analyst x6 264.04
2021 318.83 Analyst x5 253.50
2022 335.54 Est @ 5.24% 237.89
2023 348.08 Est @ 3.74% 220.05
2024 357.43 Est @ 2.69% 201.48
2025 364.39 Est @ 1.95% 183.16
2026 369.61 Est @ 1.43% 165.66
2027 373.57 Est @ 1.07% 149.29
2028 376.63 Est @ 0.82% 134.21
2029 379.04 Est @ 0.64% 120.44
Present value of next 10 years cash flows $1,929.71
DB:PGS1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $379.04 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$3,187.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,187.12 ÷ (1 + 12.15%)10
$1,012.70
DB:PGS1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,929.71 + $1,012.70
$2,942.41
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,942.41 / 338.58
$8.69
DB:PGS1 Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:PGS)
8.55
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $8.69 x 8.55
NOK74.3
Non-primary Listing Adjustment Factor 1 share in DB:PGS1 represents 0.10429x of OB:PGS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10429x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 74.30 x 0.10429
€7.75
Value per share (EUR) From above. €7.75
Current discount Discount to share price of €1.19
= -1 x (€1.19 - €7.75) / €7.75
84.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PGS is available for.
Intrinsic value
>50%
Share price is €1.19 vs Future cash flow value of €7.75
Current Discount Checks
For PGS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PGS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PGS's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PGS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PGS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PGS1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.33
OB:PGS Share Price ** OB (2019-07-17) in NOK NOK11.41
OB:PGS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.117 $1.33
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 19.23x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PGS.

DB:PGS1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:PGS Share Price ÷ EPS (both in USD)

= 1.33 ÷ -0.33

-4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PGS is loss making, we can't compare its value to the Europe Energy Services industry average.
  • PGS is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does PGS's expected growth come at a high price?
Raw Data
DB:PGS1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
89.9%per year
Europe Energy Services Industry PEG Ratio Median Figure of 22 Publicly-Listed Energy Services Companies 0.95x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for PGS, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PGS's assets?
Raw Data
DB:PGS1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.90
OB:PGS Share Price * OB (2019-07-17) in NOK NOK11.41
OB:PGS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.117 $1.33
Europe Energy Services Industry PB Ratio Median Figure of 63 Publicly-Listed Energy Services Companies 0.84x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:PGS1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:PGS Share Price ÷ Book Value per Share (both in USD)

= 1.33 ÷ 1.90

0.7x

* Primary Listing of PGS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PGS is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess PGS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. PGS has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PGS expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
89.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PGS expected to grow at an attractive rate?
  • PGS's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • PGS's earnings growth is expected to exceed the Germany market average.
  • PGS's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PGS1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PGS1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 89.9%
DB:PGS1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 9.9%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PGS1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PGS1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,138 1
2021-12-31 1,082 658 123 12
2020-12-31 997 621 96 12
2019-12-31 881 494 -50 10
DB:PGS1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 802 492 -113
2018-12-31 874 446 -88
2018-09-30 840 413 -259
2018-06-30 885 398 -414
2018-03-31 885 325 -457
2017-12-31 839 282 -523
2017-09-30 757 263 -485
2017-06-30 774 225 -324
2017-03-31 716 218 -343
2016-12-31 764 321 -294
2016-09-30 840 377 -472
2016-06-30 841 368 -553

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PGS's earnings are expected to grow significantly at over 20% yearly.
  • PGS's revenue is expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PGS1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from PGS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PGS1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.36 0.59 0.12 10.00
2020-12-31 0.28 0.39 0.11 9.00
2019-12-31 -0.14 -0.05 -0.23 8.00
DB:PGS1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.33
2018-12-31 -0.26
2018-09-30 -0.77
2018-06-30 -1.22
2018-03-31 -1.35
2017-12-31 -1.55
2017-09-30 -1.53
2017-06-30 -1.11
2017-03-31 -1.29
2016-12-31 -1.21
2016-09-30 -2.01
2016-06-30 -2.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PGS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PGS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PGS has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PGS performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PGS's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PGS does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare PGS's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare PGS's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
PGS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PGS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PGS1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 802.30 -113.00 46.50 10.40
2018-12-31 874.30 -87.90 51.80 10.80
2018-09-30 840.40 -259.20 47.20 13.30
2018-06-30 884.50 -413.90 43.40 15.50
2018-03-31 885.30 -456.90 43.90 16.90
2017-12-31 838.80 -523.40 36.00 17.60
2017-09-30 757.00 -484.80 37.00 17.50
2017-06-30 773.50 -323.90 35.10 17.00
2017-03-31 716.00 -343.30 34.90 17.20
2016-12-31 764.30 -293.90 38.40 19.50
2016-09-30 839.50 -472.30 41.50 19.20
2016-06-30 841.10 -553.30 44.20 19.70
2016-03-31 913.90 -565.50 45.60 20.20
2015-12-31 961.90 -527.90 44.10 20.30
2015-09-30 1,162.80 -286.90 47.30 22.30
2015-06-30 1,331.20 -168.50 51.40 29.70
2015-03-31 1,412.40 -75.00 54.30 34.70
2014-12-31 1,453.80 -50.90 59.90 37.60
2014-09-30 1,383.10 72.80 61.20 41.40
2014-06-30 1,354.60 138.60 62.50 39.60
2014-03-31 1,399.30 180.40 63.70 39.10
2013-12-31 1,501.60 238.30 63.10 38.70
2013-09-30 1,502.20 248.30 62.30 39.80
2013-06-30 1,524.90 261.00 62.80 41.70
2013-03-31 1,548.10 235.40 61.40 39.20
2012-12-31 1,518.30 185.50 61.40 38.30
2012-09-30 1,502.82 150.35 54.96 28.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if PGS has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if PGS has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if PGS improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess PGS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PGS has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PGS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PGS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PGS's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • PGS's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PGS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PGS Company Filings, last reported 3 months ago.

DB:PGS1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 643.50 1,174.20 90.40
2018-12-31 721.80 1,219.10 74.50
2018-09-30 749.70 1,226.10 44.40
2018-06-30 785.70 1,200.00 24.40
2018-03-31 767.20 1,216.60 38.40
2017-12-31 879.50 1,213.40 47.30
2017-09-30 1,077.10 1,235.10 24.20
2017-06-30 1,250.90 1,272.00 53.30
2017-03-31 1,285.10 1,223.30 38.80
2016-12-31 1,359.40 1,170.80 61.70
2016-09-30 1,285.70 1,363.80 77.30
2016-06-30 1,350.30 1,328.30 49.70
2016-03-31 1,403.00 1,305.50 116.60
2015-12-31 1,463.70 1,124.70 81.60
2015-09-30 1,693.00 1,196.80 82.30
2015-06-30 1,799.90 1,124.40 57.60
2015-03-31 1,881.00 1,169.60 148.90
2014-12-31 1,901.60 1,184.90 54.70
2014-09-30 2,018.30 1,210.40 90.40
2014-06-30 2,012.30 1,225.20 42.90
2014-03-31 2,069.30 1,070.80 208.60
2013-12-31 2,065.60 1,034.50 263.80
2013-09-30 2,041.50 1,029.80 299.00
2013-06-30 1,962.70 1,038.60 329.70
2013-03-31 1,964.90 917.00 311.60
2012-12-31 1,911.50 934.80 393.30
2012-09-30 1,877.78 755.19 293.73
  • PGS's level of debt (182.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (51.8% vs 182.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making PGS has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making PGS has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -91.2% per year.
X
Financial health checks
We assess PGS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PGS has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PGS's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from PGS dividends. Estimated to be 1.36% next year.
If you bought €2,000 of PGS shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate PGS's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PGS's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PGS1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PGS1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.04 9.00
2020-12-31 0.01 9.00
2019-12-31 0.00 9.00
DB:PGS1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-10-27 0.000 0.000
2016-07-21 0.000 0.000
2016-05-03 0.000 0.000
2016-04-11 0.000 0.000
2016-02-15 0.000 0.000
2015-05-13 0.078 1.982
2014-04-10 0.276 4.945
2014-02-13 0.376 3.441
2013-04-15 0.262 2.170
2013-02-14 0.282 1.788
2012-04-04 0.179 1.267
2012-02-20 0.189 1.309
2011-04-13 0.181 1.593
2011-02-17 0.192 1.226

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as PGS has not reported any payouts.
  • Unable to verify if PGS's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PGS's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PGS has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (15x coverage).
X
Income/ dividend checks
We assess PGS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PGS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PGS has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PGS's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rune Pedersen
COMPENSATION $828,141
AGE 49
TENURE AS CEO 1.8 years
CEO Bio

Mr. Rune Olav Pedersen has been President and Chief Executive Officer of Petroleum Geo-Services ASA since September 1, 2017. Mr. Pedersen served as an Executive Vice President at Petroleum Geo-Services ASA until September 1, 2017 and served as its General Counsel since October 2010 until September 1, 2017. He has been a Director of OKEA AS since April 05, 2019. Mr. Pedersen served as its Senior Vice President of Communications & Marketing. Mr. Pedersen earned his Law Degree from the University of Oslo and enhanced his expertise within European competition law with a post graduate diploma from Kings College London. Mr. Pedersen earned an Executive MBA from London Business School in 2014.

CEO Compensation
  • Rune's compensation has increased whilst company is loss making.
  • Rune's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the PGS management team in years:

1.8
Average Tenure
55.5
Average Age
  • The average tenure for the PGS management team is less than 2 years, this suggests a new team.
Management Team

Rune Pedersen

TITLE
President & CEO
COMPENSATION
$828K
AGE
49
TENURE
1.8 yrs

Gottfred Langseth

TITLE
CFO & Executive VP
COMPENSATION
$746K
AGE
53
TENURE
15.5 yrs

Per Reksnes

TITLE
Executive Vice President of Operations & Technology
COMPENSATION
$671K
AGE
62

David Dakin

TITLE
Chief Accounting Officer

Bård Stenberg

TITLE
Senior VP of IR & Communication

Nathan Oliver

TITLE
Executive Vice President of Sales & Imaging
TENURE
0.5 yrs

Terje Bjølseth

TITLE
Senior Vice President of Global Human Resources

Magne Reiersgard

TITLE
Executive Vice President of Marine Contract
COMPENSATION
$652K
AGE
58
TENURE
4.7 yrs

Joanna Oustad

TITLE
Senior Vice President of Health

Berit Osnes

TITLE
Executive Vice President of New Ventures
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the PGS board of directors in years:

1.8
Average Tenure
60
Average Age
  • The average tenure for the PGS board of directors is less than 3 years, this suggests a new board.
Board of Directors

Walter Qvam

TITLE
Chairperson
AGE
66
TENURE
3.2 yrs

Anne Dalane

TITLE
Vice Chairperson
AGE
59
TENURE
1.5 yrs

Anette Valbø

TITLE
Director
TENURE
4.5 yrs

Richard Herbert

TITLE
Director
TENURE
2.2 yrs

Marianne Kah

TITLE
Director
AGE
66
TENURE
1.3 yrs

Hege Renshus

TITLE
Director
AGE
51
TENURE
2.5 yrs

Trond Brandsrud

TITLE
Director
AGE
61
TENURE
0.3 yrs

Grunde Rønholt

TITLE
Director
AGE
47
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by PGS individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Jun 19 Buy Lars Mysen Individual 20. Jun 19 20. Jun 19 10,000 €1.32 €13,202
20. Jun 19 Buy Gottfred Langseth Individual 20. Jun 19 20. Jun 19 35,000 €1.30 €45,593
20. Jun 19 Buy Trond Brandsrud Individual 20. Jun 19 20. Jun 19 35,000 €1.31 €45,955
20. Jun 19 Buy Walter Qvam Individual 20. Jun 19 20. Jun 19 10,000 €1.35 €13,544
20. Jun 19 Buy Rune Pedersen Individual 20. Jun 19 20. Jun 19 33,000 €1.35 €44,694
31. Jan 19 Buy Anne Dalane Individual 31. Jan 19 31. Jan 19 8,000 €1.96 €15,705
07. Jan 19 Buy Kai Reith Individual 07. Jan 19 07. Jan 19 35,000 €1.66 €58,102
30. Jul 18 Sell Ferd AS Company 30. Jul 18 30. Jul 18 -20,000,000 €4.20 €-83,906,673
X
Management checks
We assess PGS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PGS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PGS ASA operates as a marine geophysical company. It offers a range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation to oil and gas companies. The company also offers seismic images and 3D data. It operates in Africa, the Asia Pacific, Europe, and North and South America. The company was formerly known as Petroleum Geo-Services ASA and changed its name to PGS ASA in May 2019. PGS ASA was founded in 1991 and is headquartered in Oslo, Norway.

Details
Name: PGS ASA
PGS1
Exchange: DB
Founded: 1991
NOK402,860,558
338,578,257
Website: http://www.pgs.com
Address: PGS ASA
Lilleakerveien 4C,
Oslo,
Oslo, 0283,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB PGS Common Stock Oslo Bors NO NOK 06. Nov 2003
OTCPK PGEJ.F Common Stock Pink Sheets LLC US USD 06. Nov 2003
DB PGS1 Common Stock Deutsche Boerse AG DE EUR 06. Nov 2003
LSE 0MHR Common Stock London Stock Exchange GB NOK 06. Nov 2003
BATS-CHIXE PGSO Common Stock BATS 'Chi-X Europe' GB NOK 06. Nov 2003
OTCPK PGSV.Y SPONSORED ADR Pink Sheets LLC US USD 29. Oct 2003
Number of employees
Current staff
Staff numbers
1,258
PGS employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 20:31
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.