Executive Summary
PGS ASA, together with its subsidiaries, operates as a marine geophysical company primarily in Norway. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Mediocre balance sheet and slightly overvalued.
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
Stable Share Price: PGS is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: PGS's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
Market Performance
7 Day Return
-0.3%
PGS
1.0%
NO Energy Services
0.2%
NO Market
1 Year Return
44.4%
PGS
54.6%
NO Energy Services
40.7%
NO Market
Return vs Industry: PGS underperformed the Norwegian Energy Services industry which returned 54.6% over the past year.
Return vs Market: PGS exceeded the Norwegian Market which returned 40.7% over the past year.
Shareholder returns
| PGS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 1.0% | 0.2% |
| 30 Day | -21.4% | -7.1% | -1.1% |
| 90 Day | 20.9% | -2.4% | 4.0% |
| 1 Year | 44.4%44.4% | 59.4%54.6% | 46.5%40.7% |
| 3 Year | -79.4%-79.4% | -60.3%-62.9% | 18.3%4.7% |
| 5 Year | -76.1%-76.1% | -8.1%-31.9% | 79.2%44.7% |
Long-Term 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
1 week ago | Simply Wall St
Read This Before Selling PGS ASA (OB:PGS) Shares1 month ago | Simply Wall St
PGS' (OB:PGS) Stock Price Has Reduced 79% In The Past Five Years2 months ago | Simply Wall St
Is PGS (OB:PGS) Using Too Much Debt?Valuation
Is PGS undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PGS (NOK6.55) is trading below our estimate of fair value (NOK45.97)
Significantly Below Fair Value: PGS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PGS is unprofitable, so we can't compare its PE Ratio to the NO Energy Services industry average.
PE vs Market: PGS is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PGS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PGS's PB Ratio (0.8x) is in line with the NO Energy Services industry average.
Future Growth
How is PGS forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
73.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PGS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PGS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PGS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PGS's revenue (12.8% per year) is forecast to grow faster than the Norwegian market (5.8% per year).
High Growth Revenue: PGS's revenue (12.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PGS is forecast to be unprofitable in 3 years.
Past Performance
How has PGS performed over the past 5 years?
25.5%
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 25.5% 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 (-0.6%).
Return on Equity
High ROE: PGS has a negative Return on Equity (-81.1%), as it is currently unprofitable.
Financial Health
How is PGS's financial position?
Financial Position Analysis
Short Term Liabilities: PGS's short term assets ($409.6M) do not cover its short term liabilities ($1.5B).
Long Term Liabilities: PGS's short term assets ($409.6M) exceed its long term liabilities ($177.9M).
Debt to Equity History and Analysis
Debt Level: PGS's debt to equity ratio (290.2%) is considered high.
Reducing Debt: PGS's debt to equity ratio has increased from 77.2% to 290.2% over the past 5 years.
Balance Sheet
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 39.4% per year.
Dividend
What is PGS current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: PGS is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PGS's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Rune Pedersen (50 yo)
3.58yrs
Tenure
US$741,815
Compensation
Mr. Rune Olav Pedersen has been President and Chief Executive Officer of PGS ASA (formerly known as Petroleum Geo-Services ASA) since September 1, 2017. Mr. Pedersen served as an Executive Vice President a...
CEO Compensation Analysis
Compensation vs Market: Rune's total compensation ($USD741.82K) is about average for companies of similar size in the Norwegian market ($USD579.68K).
Compensation vs Earnings: Rune's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PGS's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: PGS's board of directors are considered experienced (3.6 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: kr2.564b
- Shares outstanding: 391.41m
- Website: https://www.pgs.com
Number of Employees
Location
- PGS ASA
- Lilleakerveien 4C
- Oslo
- Oslo
- 283
- Norway
Listings
Biography
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 acquisition, imaging, interp...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/12 16:21 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.