Executive Summary
PGS ASA operates as a marine geophysical company.
Snowflake
Fundamentals
Reasonable growth potential and slightly overvalued.
Risks
- PGS has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has PGS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.7%
OB:PGS
3.6%
NO Energy Services
1.6%
NO Market
1 Year Return
-66.5%
OB:PGS
-41.6%
NO Energy Services
-14.8%
NO Market
PGS underperformed the Energy Services industry which returned -41.6% over the past year.
PGS underperformed the Market in Norway which returned -14.8% over the past year.
Share holder returns
| PGS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | 3.6% | 1.6% |
| 30 Day | -13.0% | -15.1% | -4.4% |
| 90 Day | -31.7% | -21.7% | -5.4% |
| 1 Year | -66.5%-66.5% | -40.5%-41.6% | -9.9%-14.8% |
| 3 Year | -42.0%-42.0% | -3.5%-10.2% | 38.1%20.0% |
| 5 Year | -76.1%-76.4% | -51.1%-65.5% | 38.6%6.9% |
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
2 weeks ago | Simply Wall St
PGS ASA's (OB:PGS) Shift From Loss To Profit1 month ago | Simply Wall St
What Type Of Shareholder Owns PGS ASA's (OB:PGS)?2 months ago | Simply Wall St
Are Insiders Buying PGS ASA (OB:PGS) Stock?Valuation
Is PGS undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
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 Based on Earnings
PGS is loss making, we can't compare its value to the NO Energy Services industry average.
PGS is loss making, we can't compare the value of its earnings to the Norway market.
Price Based on Expected Growth
Unable to calculate PEG ratio for PGS, we can't assess if its growth is good value.
Price Based on Value of Assets
PGS is overvalued based on assets compared to the NO Energy Services industry average.
Next Steps
Future Growth
How is PGS expected to perform in the next 1 to 3 years based on estimates from 13 analysts?
94.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
PGS's revenue is expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
PGS's earnings are expected to grow significantly at over 20% yearly.
PGS's revenue growth is expected to exceed the Norway market average.
PGS's earnings growth is expected to exceed the Norway market average.
PGS's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Earnings per Share Growth Estimates
Future Return on Equity
PGS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has PGS performed over the past 5 years?
-13.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
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 NO Energy Services industry average as it is not currently profitable.
Return on Equity
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.
Return on Assets
It is difficult to establish if PGS has efficiently used its assets last year compared to the NO Energy Services industry average (Return on Assets) as it is loss-making.
Return on Capital Employed
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.
Next Steps
Financial Health
How is PGS's financial position?
Financial Position Analysis
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.
Debt to Equity History and Analysis
PGS's level of debt (184.8%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (57.8% vs 184.8% today).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.3x debt.
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 -101.7% per year.
Next Steps
Dividend
What is PGS's current dividend yield, its reliability and sustainability?
1.09%
Expected Dividend Yield
Dividend Yield and Payments Analysis
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.
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
Unable to calculate sustainability of dividends as PGS has not reported any payouts.
Future Payout to Shareholders
No need to calculate the sustainability of PGS's dividends in 3 years as they are not expected to pay a notable one for Norway.
Next Steps
Management
What is the CEO of PGS's salary, the management and board of directors tenure and is there insider trading?
1.9yrs
Average management tenure
CEO
Rune Pedersen (49yo)
1.9yrs
Tenure
US$828,141
Compensation
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 ...
CEO Compensation Analysis
Rune's remuneration is higher than average for companies of similar size in Norway.
Rune's compensation has increased whilst company is loss making.
Management Age and Tenure
1.9yrs
Average Tenure
55.5yo
Average Age
The average tenure for the PGS management team is less than 2 years, this suggests a new team.
Board Age and Tenure
1.9yrs
Average Tenure
60yo
Average Age
The average tenure for the PGS board of directors is less than 3 years, this suggests a new board.
Insider Trading
More shares have been bought than sold by PGS individual insiders in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 1,951,815 |
| Max Price | US$10.84 |
| Entity | Individual |
| Role | Chief Operating Officer Executive Vice President of Operations & Technology |
| Shares | 20,000 |
| Max Price | US$11.59 |
| Entity | Individual |
| Role | Chief Financial Officer CFO & Executive VP |
| Shares | 35,000 |
| Max Price | US$12.60 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 35,000 |
| Max Price | US$12.70 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$12.77 |
| Entity | Individual |
| Role | Chairman of the Board Chairperson |
| Shares | 10,000 |
| Max Price | US$13.10 |
| Entity | Individual |
| Role | Chief Executive Officer President & CEO |
| Shares | 33,000 |
| Max Price | US$13.10 |
| Entity | Individual |
| Role | Vice Chairman Vice Chairperson |
| Shares | 8,000 |
| Max Price | US$18.97 |
| Entity | Individual |
| Shares | 35,000 |
| Max Price | US$16.25 |
Ownership Breakdown
Management Team
Magne Reiersgard (58yo)
Executive Vice President of Marine Contract
- Tenure: 4.8yrs
- Compensation: US$651.78k
Gottfred Langseth (53yo)
CFO & Executive VP
- Tenure: 15.6yrs
- Compensation: US$745.70k
Rune Pedersen (49yo)
President & CEO
- Tenure: 1.9yrs
- Compensation: US$828.14k
Terje Bjølseth
Senior Vice President of Global Human Resources
- Tenure: 0.0yrs
Per Reksnes (62yo)
Executive Vice President of Operations & Technology
- Tenure: 0.0yrs
- Compensation: US$670.93k
Bård Stenberg
Senior VP of IR & Communication
- Tenure: 0.0yrs
Joanna Oustad
Senior Vice President of Health
- Tenure: 0.0yrs
David Dakin
Chief Accounting Officer
- Tenure: 0.0yrs
Berit Osnes
Executive Vice President of New Ventures
- Tenure: 0.6yrs
Nathan Oliver
Executive Vice President of Sales & Imaging
- Tenure: 0.6yrs
Board Members
Anne Dalane (59yo)
Vice Chairperson
- Tenure: 1.6yrs
Trond Brandsrud (61yo)
Director
- Tenure: 0.3yrs
Walter Qvam (66yo)
Chairperson
- Tenure: 3.3yrs
Anette Valbø
Director
- Tenure: 4.6yrs
Richard Herbert
Director
- Tenure: 2.3yrs
Hege Renshus (51yo)
Director
- Tenure: 2.6yrs
Marianne Kah (66yo)
Director
- Tenure: 1.3yrs
Grunde Rønholt (47yo)
Director
- Tenure: 0.6yrs
Company Information
PGS ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PGS ASA
- Ticker: PGS
- Exchange: OB
- Founded: 1991
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr3.726b
- Shares outstanding: 338.58m
- Website: https://www.pgs.com
Number of Employees
Location
- PGS ASA
- Lilleakerveien 4C
- Oslo
- Oslo
- 283
- Norway
Listings
| 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 |
Biography
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 com ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/24 20:52 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.