TGS (LSE:0MSJ) - Stock Price, News & Analysis

0MSJ Stock Overview

TGS ASA provides geoscience data services to the oil and gas industry worldwide.

0MSJ fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	4/6
Dividends	1/6

Rewards

Trading at 27% below our estimate of its fair value

Earnings are forecast to grow 51.14% per year

Analysts in good agreement that stock price will rise by 22.1%

Risk Analysis

Dividend of 5.08% is not well covered by earnings or cash flows

Large one-off items impacting financial results

Profit margins (1.8%) are lower than last year (7.7%)

Shareholders have been diluted in the past year

TGS ASA Competitors

Hunting

LSE:HTG

UK£588.5m

Gulf Marine Services

LSE:GMS

UK£216.5m

Ithaca Energy

LSE:ITH

UK£1.2b

Plexus Holdings

AIM:POS

UK£15.3m

Price History & Performance

Summary of all time highs, changes and price drops for TGS
Historical stock prices
Current Share Price	kr121.37
52 Week High	kr163.00
52 Week Low	kr94.45
Beta	1.02
1 Month Change	-9.89%
3 Month Change	26.42%
1 Year Change	-24.54%
3 Year Change	3.17%
5 Year Change	-50.31%
Change since IPO	35.29%

Recent updates

Shareholder Returns

	0MSJ	GB Energy Services	GB Market
7D	0.8%	16.4%	2.5%
1Y	-24.5%	13.9%	6.1%

Return vs Industry: 0MSJ underperformed the UK Energy Services industry which returned 13.9% over the past year.

Return vs Market: 0MSJ underperformed the UK Market which returned 6.1% over the past year.

Price Volatility

Is 0MSJ's price volatile compared to industry and market?
0MSJ volatility
0MSJ Average Weekly Movement	5.5%
Energy Services Industry Average Movement	7.3%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	11.4%
10% least volatile stocks in GB Market	2.7%

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

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

About the Company

Founded	Employees	CEO	Website
1981	873	Kristian Johansen	www.tgs.com

TGS ASA provides geoscience data services to the oil and gas industry worldwide. The company offers geophysical data, including multi-client seismic data; geological data comprising well data products, and interpretive studies and services; and interpretation products and data integration solutions. It also provides imaging services, which include 2D and 3D seismic imaging solution in depth and time domains; marine, land, and ocean bottom nodes; and transition zone, multi component, and 4D time-lapse processing.

TGS ASA Fundamentals Summary

How do TGS's earnings and revenue compare to its market cap?
0MSJ fundamental statistics
Market cap	kr15.65b
Earnings (TTM)	kr149.98m
Revenue (TTM)	kr8.38b

104.4x

P/E Ratio

1.9x

P/S Ratio

Is 0MSJ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0MSJ income statement (TTM)
Revenue	US$773.23m
Cost of Revenue	US$194.58m
Gross Profit	US$578.65m
Other Expenses	US$564.81m
Earnings	US$13.84m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 18, 2024

Earnings per share (EPS)	0.11
Gross Margin	74.84%
Net Profit Margin	1.79%
Debt/Equity Ratio	4.7%

How did 0MSJ perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

514%

Payout Ratio

0MSJ Stock Overview

Rewards

Risk Analysis

TGS ASA Competitors

LSE:HTG

UK£588.5m

LSE:GMS

UK£216.5m

LSE:ITH

UK£1.2b

AIM:POS

UK£15.3m

Price History & Performance

Recent News & Updates

First quarter 2024 earnings released: US$0.13 loss per share (vs US$0.07 loss in 1Q 2023)

TGS ASA Approves to Distribute Second Quarter Dividend of 2024, Payable on 3 June 2024

TGS Launches Multi-Client Wind and Metocean Measurement Campaign Offshore Germany

Now 20% undervalued

Now 20% undervalued

Full year 2023 earnings released: EPS: US$0.17 (vs US$0.74 in FY 2022)

Recent updates

First quarter 2024 earnings released: US$0.13 loss per share (vs US$0.07 loss in 1Q 2023)

TGS ASA Approves to Distribute Second Quarter Dividend of 2024, Payable on 3 June 2024

TGS Launches Multi-Client Wind and Metocean Measurement Campaign Offshore Germany

Now 20% undervalued

Now 20% undervalued

Full year 2023 earnings released: EPS: US$0.17 (vs US$0.74 in FY 2022)

TGS ASA Provides Revenue Guidance for the First Quarter of 2024

TGS Announces Commencement of Penyu Basin Multi-Client 3D Seismic Offshore Peninsular Malaysia

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$0.18 (vs US$0.74 in FY 2022)

New minor risk - Profit margin trend

TGS ASA Approves to Distribute First Quarter Dividend of 2024, Payable on 7 March 2024

Independent Director recently bought kr3.6m worth of stock

Now 21% undervalued after recent price drop

Chief Executive Officer recently bought kr493k worth of stock

Now 29% undervalued after recent price drop

TGS ASA Provides Revenue Guidance for Fourth Quarter 2023

TGS ASA to Report First Half, 2024 Results on Jul 18, 2024

Chairman of the Board recently bought kr1.1m worth of stock

Now 20% undervalued after recent price drop

Independent Director recently bought kr2.2m worth of stock

Third quarter 2023 earnings released: EPS: US$0.13 (vs US$0.02 loss in 3Q 2022)

TGS ASA Resolves to Distribute A Quarterly Dividend, Payable on 16 November 2023

TGS Enterprise Asset Management Software for Utility-Size Solar Now Available in the U.S

TGS ASA Provides Revenue Guidance for the Third Quarter of 2023

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

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

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

TGS Asa Resolves to Distribute A Quarterly Dividend, Payable on 10 August 2023

Second quarter 2023 earnings released: EPS: US$0.18 (vs US$0.22 in 2Q 2022)

TGS ASA Provides Revenue Guidance for the Second Quarter of 2023

TGS ASA Provides Revenue Guidance for the Second Quarter of 2023

High number of new directors

Upcoming dividend of kr1.48 per share at 3.7% yield

TGS ASA Announces to Distribute A Quarterly Dividend for Second Quarter of 2023, Payment Date: 5 June 2023

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings released: EPS: US$0.74 (vs US$0.65 loss in FY 2021)

Investor sentiment improves as stock rises 16%

Full year 2022 earnings released: EPS: US$0.74 (vs US$0.65 loss in FY 2021)

TGS ASA Announces Quarterly Dividend, Payable on 2 March 2023

TGS ASA Provides Revenue Guidance for the Fourth Quarter of 2022

CGG and TGS Announce Foz do Amazonas Phase II 3D Multi-Client Survey Offshore Brazil

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

TGS ASA to Report Q1, 2023 Results on May 11, 2023

TGS ASA Commences 3D Reprocessing Project Offshore Uruguay

Third quarter 2022 earnings released: US$0.02 loss per share (vs US$0.16 profit in 3Q 2021)

TGS ASA to Distribute A Quarterly Dividend, Payment Date: 17 November 2022

TGS Provides Revenue Guidance for the Third Quarter of 2022

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.

TGS ASA to Enhance Data-Driven Solutions for the Global Wind Industry Alongside New, Cost-Effective Subscription Package for Wind Axiom

TGS ASA Announces New 3D Seismic Survey Close to Dorado and Pavo Discoveries in North-West Australia

TGS ASA (OB:TGS) completed the acquisition of Certain Assets of ION Geophysical Corporation (OTCPK:IOGP.Q).

Now 20% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$0.22 (vs US$0.10 loss in 2Q 2021)

TGS Asa Announces Quarterly Dividend, Payment Date Is 11 August 2022

TGS ASA Provides Revenue Guidance for the Second Quarter of 2022

TGS ASA (OB:TGS) agreed to acquire Certain assets related to ION’s multi-client and processing businesses from ION Geophysical Corporation (OTCPK:IOGP.Q).

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.

TGS Announces Extension to Noaka Ocean Bottom Node Seismic Survey on the Norwegian Continental Shelf