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PGS (0MHR) Stock Overview

Operates as a marine geophysical company in Norway and internationally. More details

0MHR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 35.8% below our estimate of its fair value

Earnings are forecast to grow 36.1% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Shareholders have been diluted in the past year

0MHR Community Fair Values

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PGS ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for PGS
Historical stock prices
Current Share Price	NOK 8.93
52 Week High	NOK 10.42
52 Week Low	NOK 5.20
Beta	1.69
1 Month Change	-5.31%
3 Month Change	10.52%
1 Year Change	39.35%
3 Year Change	86.91%
5 Year Change	-38.02%
Change since IPO	-94.18%

Recent updates

Shareholder Returns

	0MHR	GB Energy Services	GB Market
7D	6.3%	-0.6%	-1.8%
1Y	39.3%	19.8%	15.2%

Return vs Industry: 0MHR underperformed the UK Energy Services industry which returned 66.6% over the past year.

Return vs Market: 0MHR exceeded the UK Market which returned 6.4% over the past year.

Price Volatility

Is 0MHR's price volatile compared to industry and market?
0MHR volatility
0MHR Average Weekly Movement	5.9%
Energy Services Industry Average Movement	4.5%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.5%

Stable Share Price: 0MHR has not had significant price volatility in the past 3 months.

Volatility Over Time: 0MHR's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1991	1,210	Rune Pedersen	www.pgs.com

PGS ASA, together with its subsidiaries, operates as a marine geophysical company in Norway and internationally. The company provides a range of seismic and reservoir services, including data acquisition, imaging, interpretation, and field evaluation to oil and gas companies, as well as carbon storage and offshore wind markets. The company was formerly known as Petroleum Geo-Services ASA and changed its name to PGS ASA in May 2019.

PGS ASA Fundamentals Summary

How do PGS's earnings and revenue compare to its market cap?
0MHR fundamental statistics
Market cap	NOK 8.61b
Earnings (TTM)	NOK 449.67m
Revenue (TTM)	NOK 8.48b

19.1x

P/E Ratio

1.0x

P/S Ratio

Is 0MHR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0MHR income statement (TTM)
Revenue	US$795.60m
Cost of Revenue	US$297.50m
Gross Profit	US$498.10m
Other Expenses	US$455.90m
Earnings	US$42.20m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 18, 2024

Earnings per share (EPS)	0.044
Gross Margin	62.61%
Net Profit Margin	5.30%
Debt/Equity Ratio	130.3%

How did 0MHR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/07/01 09:34
End of Day Share Price	2024/07/01 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PGS ASA is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Pickup	Barclays
Asad Farid	Berenberg
Alexander Brooks	Canaccord Genuity

This company is no longer active

PGS (0MHR) Stock Overview

Rewards

Risk Analysis

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PGS ASA Competitors

Hunting

Gulf Marine Services

Plexus Holdings

Diversified Energy

Price History & Performance

Recent News & Updates

PGS ASA(OB:PGS) dropped from Oslo OBX Total Return Index

Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS).

Full year 2023 earnings released: US$0.016 loss per share (vs US$0.055 loss in FY 2022)

PGS ASA Provides Earnings Guidance for the First Quarter of 2024

PGS Commences MultiClient 3D Survey to Unlock Hydrocarbon and Carbon Storage Potential in Penyu Basin, Offshore Peninsular Malaysia

Now 30% overvalued

Recent updates

PGS ASA(OB:PGS) dropped from Oslo OBX Total Return Index

Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS).

Full year 2023 earnings released: US$0.016 loss per share (vs US$0.055 loss in FY 2022)

PGS ASA Provides Earnings Guidance for the First Quarter of 2024

PGS Commences MultiClient 3D Survey to Unlock Hydrocarbon and Carbon Storage Potential in Penyu Basin, Offshore Peninsular Malaysia

Now 30% overvalued

Full year 2023 earnings released: US$0.02 loss per share (vs US$0.055 loss in FY 2022)

Now 22% undervalued after recent price drop

PGS ASA Provides Financial Guidance for the Fourth Quarter of 2023

Independent Director recently sold kr1.1m worth of stock

Third quarter 2023 earnings released: US$0.01 loss per share (vs US$0.004 profit in 3Q 2022)

Now 20% undervalued

Now 20% undervalued

TGS ASA (OB:TGS) agreed the principal terms to acquire PGS ASA (OB:PGS) NOK 9.3 billion.

Insider recently sold kr134k worth of stock

PGS, TGS and CGG Introduce New Tiered Offerings for Versal - the World's First MultiClient Data Ecosystem

Second quarter 2023 earnings released: US$0.01 loss per share (vs US$0.039 profit in 2Q 2022)

New major risk - Share price stability

PGS ASA Provides Financial Guidance for the Second Quarter of 2023

PGS ASA to Report Q2, 2023 Results on Jul 20, 2023

High number of new directors

First quarter 2023 earnings released: US$0.06 loss per share (vs US$0.12 loss in 1Q 2022)

First quarter 2023 earnings released: US$0.06 loss per share (vs US$0.12 loss in 1Q 2022)

Full year 2022 earnings released: US$0.06 loss per share (vs US$0.45 loss in FY 2021)

Forecast to breakeven in 2023

Forecast to breakeven in 2023

PGS ASA to Report Fiscal Year 2022 Results on Mar 29, 2023

PGS ASA to Report Q4, 2023 Results on Jan 25, 2024

Third quarter 2022 earnings released: EPS: US$0.003 (vs US$0.15 loss in 3Q 2021)

Second quarter 2022 earnings released: EPS: US$0.04 (vs US$0.066 loss in 2Q 2021)

High number of new directors

First quarter 2022 earnings released: US$0.12 loss per share (vs US$0.10 loss in 1Q 2021)

Forecast to breakeven in 2024

High number of new directors

High number of new directors

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

Forecast to breakeven in 2023

Forecast to breakeven in 2024

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

Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.084 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.07 loss per share (vs US$0.29 loss in 2Q 2020)

CFO & Executive VP recently bought kr398k worth of stock

Independent Vice Chairperson recently bought kr150k worth of stock

First quarter 2021 earnings released: US$0.10 loss per share (vs US$0.32 loss in 1Q 2020)

Full year 2020 earnings released: US$0.84 loss per share (vs US$0.21 loss in FY 2019)

New 90-day high: kr5.93

Full year 2020 earnings released: US$0.84 loss per share (vs US$0.21 loss in FY 2019)

New 90-day high: kr5.34

New 90-day high: kr4.63

New 90-day low: kr2.31

President & CEO recently bought kr297k worth of stock

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released

New 90-day low: kr2.57

Shareholder Returns

Price Volatility

About the Company

PGS ASA Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources