PGS ASA operates as a marine geophysical company.
Fair value with imperfect balance sheet.
Share Price & News
How has PGS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PGS1's share price has been volatile over the past 3 months.
7 Day Return
DE Energy Services
1 Year Return
DE Energy Services
Return vs Industry: PGS1 underperformed the German Energy Services industry which returned -51.9% over the past year.
Return vs Market: PGS1 underperformed the German Market which returned 3.7% over the past year.
Price Volatility Vs. Market
How volatile is PGS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is PGS undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PGS1 (€0.29) is trading below our estimate of fair value (€4.09)
Significantly Below Fair Value: PGS1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PGS1 is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.
PE vs Market: PGS1 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PGS1's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PGS1 is good value based on its PB Ratio (0.3x) compared to the XE Energy Services industry average (0.6x).
How is PGS forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PGS1 is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PGS1 is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PGS1 is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PGS1's revenue (10.5% per year) is forecast to grow faster than the German market (5.8% per year).
High Growth Revenue: PGS1's revenue (10.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PGS1 is forecast to be unprofitable in 3 years.
How has PGS performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGS1 is currently unprofitable.
Growing Profit Margin: PGS1 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PGS1 is unprofitable, but has reduced losses over the past 5 years at a rate of 22% per year.
Accelerating Growth: Unable to compare PGS1's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PGS1 is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (11.1%).
Return on Equity
High ROE: PGS1 has a negative Return on Equity (-39.35%), as it is currently unprofitable.
How is PGS's financial position?
Financial Position Analysis
Short Term Liabilities: PGS1's short term assets ($420.8M) do not cover its short term liabilities ($592.8M).
Long Term Liabilities: PGS1's short term assets ($420.8M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: PGS1's debt to equity ratio (241.2%) is considered high.
Reducing Debt: PGS1's debt to equity ratio has increased from 62.6% to 241.2% over the past 5 years.
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.
Stable Cash Runway: Whilst unprofitable PGS1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PGS1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 44.3% per year.
What is PGS current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PGS1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PGS1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PGS1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PGS1's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PGS1 is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PGS1's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rune Pedersen (50 yo)
Mr. Rune Olav Pedersen has been President and Chief Executive Officer of PGS ASA (formerly known as Petroleum Geo-Services ASA) since September 1, 2017. Mr. Pedersen served as an Executive Vice President a ...
CEO Compensation Analysis
Compensation vs Market: Rune's total compensation ($USD936.99K) is above average for companies of similar size in the German market ($USD469.66K).
Compensation vs Earnings: Rune's compensation has increased whilst the company is unprofitable.
|President & CEO||2.92yrs||US$936.99k||0.032% |
|CFO & Executive VP||16.58yrs||US$711.94k||0.071% |
|Executive Vice President of Sales & Imaging||1.58yrs||US$534.29k||no data|
|Executive Vice President of New Ventures||1.58yrs||US$487.36k||0.0094% |
|Executive Vice President of Operations||0.58yr||no data||0.0023% |
|Chief Accounting Officer||no data||no data||0.0020% |
|Senior VP of IR & Communication||no data||no data||0.0024% |
|General Counsel||no data||no data||0.0093% |
|Senior VP of Corporate Development||no data||no data||0.011% |
|Senior VP of Global Human Resources||no data||no data||no data|
|Executive Vice President of Marine Contract||5.75yrs||US$651.78k||no data|
|Senior Vice President of Health||no data||no data||no data|
Experienced Management: PGS1's management team is considered experienced (2.3 years average tenure).
|Independent Vice Chairperson||2.58yrs||US$77.50k||0.0046% |
|Independent Director||1.33yrs||US$49.31k||0.0090% |
|Independent Chairperson||4.25yrs||US$114.50k||0.0090% |
|Employee Elected Director||5.58yrs||US$7.79k||0.0018% |
|Independent Director||3.25yrs||US$96.00k||0.0049% |
|Employee Elected Director||3.58yrs||US$7.79k||0.00050% |
|Independent Director||2.33yrs||US$96.00k||0.0074% |
|Employee Elected Director||1.58yrs||US$7.79k||0.012% |
Experienced Board: PGS1's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.4%.
PGS ASA's company bio, employee growth, exchange listings and data sources
- Name: PGS ASA
- Ticker: PGS1
- Exchange: DB
- Founded: 1991
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr1.231b
- Listing Market Cap: kr114.646m
- Shares outstanding: 387.21m
- Website: https://www.pgs.com
Number of Employees
- PGS ASA
- Lilleakerveien 4C
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PGSV.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADS||US||USD||Oct 2003|
|PGEJ.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Nov 2003|
|PGS1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 2003|
|PGS||OB (Oslo Bors)||Yes||Common Stock||NO||NOK||Nov 2003|
|0MHR||LSE (London Stock Exchange)||Yes||Common Stock||GB||NOK||Nov 2003|
|PGSO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Stock||GB||NOK||Nov 2003|
PGS ASA operates as a marine geophysical company. The company offers a range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation to oil and gas companies ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/03 21:20|
|End of Day Share Price||2020/08/03 00:00|
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.