PGS Stock Overview
PGS ASA, together with its subsidiaries, operates as a marine geophysical company primarily in Norway.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr6.92|
|52 Week High||kr8.79|
|52 Week Low||kr1.26|
|1 Month Change||-13.12%|
|3 Month Change||16.99%|
|1 Year Change||61.68%|
|3 Year Change||-43.49%|
|5 Year Change||-57.15%|
|Change since IPO||-80.23%|
Recent News & Updates
|PGS||NO Energy Services||NO Market|
Return vs Industry: PGS exceeded the Norwegian Energy Services industry which returned 50.8% over the past year.
Return vs Market: PGS exceeded the Norwegian Market which returned 9.2% over the past year.
|PGS Average Weekly Movement||12.6%|
|Energy Services Industry Average Movement||8.9%|
|Market Average Movement||6.8%|
|10% most volatile stocks in NO Market||12.6%|
|10% least volatile stocks in NO Market||3.8%|
Stable Share Price: PGS is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: PGS's weekly volatility has decreased from 18% to 13% over the past year, but is still higher than 75% of Norwegian stocks.
About the Company
PGS ASA, together with its subsidiaries, operates as a marine geophysical company primarily in Norway. The company provides a range of seismic and reservoir services, including data acquisition, imaging, interpretation, and field evaluation to oil and gas companies. It also operates in the Asia Pacific, Canada, Egypt, the Americas, Angola, the United Kingdom, Ukraine, Brazil, South Africa, other African countries, the Middle East, and internationally.
PGS Fundamentals Summary
|PGS fundamental statistics|
Is PGS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PGS income statement (TTM)|
|Cost of Revenue||US$275.60m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 20, 2022
|Earnings per share (EPS)||-0.22|
|Net Profit Margin||-19.14%|
How did PGS perform over the long term?See historical performance and comparison
Is PGS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PGS?
Other financial metrics that can be useful for relative valuation.
|What is PGS's n/a Ratio?|
Price to Sales Ratio vs Peers
How does PGS's PS Ratio compare to its peers?
|PGS PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
BWO BW Offshore
SIOFF Siem Offshore
MSEIS Magseis Fairfield
SOFF Solstad Offshore
Price-To-Sales vs Peers: PGS is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.8x).
Price to Earnings Ratio vs Industry
How does PGS's PE Ratio compare vs other companies in the NO Energy Services Industry?
Price-To-Sales vs Industry: PGS is good value based on its Price-To-Sales Ratio (0.6x) compared to the Norwegian Energy Services industry average (1.1x)
Price to Sales Ratio vs Fair Ratio
What is PGS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.6x|
|Fair PS Ratio||1.5x|
Price-To-Sales vs Fair Ratio: PGS is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).
Share Price vs Fair Value
What is the Fair Price of PGS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PGS (NOK6.92) is trading below our estimate of fair value (NOK47.29)
Significantly Below Fair Value: PGS is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is lower than the current share price.
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How is PGS forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PGS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: PGS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PGS is expected to become profitable in the next 3 years.
Revenue vs Market: PGS's revenue (4.5% per year) is forecast to grow faster than the Norwegian market (-1% per year).
High Growth Revenue: PGS's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PGS's Return on Equity is forecast to be low in 3 years time (17.9%).
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How has PGS performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PGS is currently unprofitable.
Growing Profit Margin: PGS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PGS is unprofitable, but has reduced losses over the past 5 years at a rate of 20.3% per year.
Accelerating Growth: Unable to compare PGS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PGS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-45.5%).
Return on Equity
High ROE: PGS has a negative Return on Equity (-43.53%), as it is currently unprofitable.
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How is PGS's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: PGS's short term assets ($566.1M) exceed its short term liabilities ($541.1M).
Long Term Liabilities: PGS's short term assets ($566.1M) do not cover its long term liabilities ($949.1M).
Debt to Equity History and Analysis
Debt Level: PGS's net debt to equity ratio (278.4%) is considered high.
Reducing Debt: PGS's debt to equity ratio has increased from 101.8% to 344.5% 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 PGS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PGS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.6% per year.
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What is PGS current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PGS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PGS'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 PGS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PGS's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: PGS is not paying a notable dividend for the Norwegian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as PGS has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rune Pedersen (52 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 ($USD805.50K) is above average for companies of similar size in the Norwegian market ($USD576.08K).
Compensation vs Earnings: Rune's compensation has increased whilst the company is unprofitable.
Experienced Management: PGS's management team is considered experienced (3.6 years average tenure).
Experienced Board: PGS's board of directors are considered experienced (3.8 years average tenure).
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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 64.7%.
PGS ASA's employee growth, exchange listings and data sources
- Name: PGS ASA
- Ticker: PGS
- Exchange: OB
- Founded: 1991
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: kr4.530b
- Shares outstanding: 654.56m
- Website: https://www.pgs.com
Number of Employees
- PGS ASA
- Lilleakerveien 4C
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/07 00:00|
|End of Day Share Price||2022/08/05 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.