NOT FOR DISTRIBUTION
Header cover image

TGS-NOPEC Geophysical

Market Cap

kr13.8b

Last Updated

2021/05/16 02:52 UTC

Data Sources

Company Financials +

Executive Summary

TGS-NOPEC Geophysical Company ASA provides geoscience data products and services to the oil and gas industry worldwide. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has TGS-NOPEC Geophysical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGS is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TGS's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-7.2%

TGS

-2.2%

NO Energy Services

-2.2%

NO Market


1 Year Return

-14.9%

TGS

65.4%

NO Energy Services

38.6%

NO Market

Return vs Industry: TGS underperformed the Norwegian Energy Services industry which returned 65.2% over the past year.

Return vs Market: TGS underperformed the Norwegian Market which returned 38.6% over the past year.


Shareholder returns

TGSIndustryMarket
7 Day-7.2%-2.2%-2.2%
30 Day-5.4%-4.0%-2.7%
90 Day-11.8%-6.2%2.8%
1 Year-11.6%-14.9%72.2%65.4%43.7%38.6%
3 Year-53.2%-57.9%-67.6%-69.6%11.5%-0.7%
5 Year11.8%-4.9%-9.4%-31.9%76.4%44.0%

Long-Term Price Volatility Vs. Market

How volatile is TGS-NOPEC Geophysical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TGS-NOPEC Geophysical undervalued compared to its fair value and its price relative to the market?

1.3x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TGS (NOK118.3) is trading above our estimate of fair value (NOK108.5)

Significantly Below Fair Value: TGS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TGS is unprofitable, so we can't compare its PE Ratio to the Norwegian Energy Services industry average.

PE vs Market: TGS 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 TGS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TGS is overvalued based on its PB Ratio (1.3x) compared to the NO Energy Services industry average (0.7x).


Future Growth

How is TGS-NOPEC Geophysical forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

48.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: TGS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TGS's is expected to become profitable in the next 3 years.

Revenue vs Market: TGS's revenue (5.9% per year) is forecast to grow faster than the Norwegian market (4.6% per year).

High Growth Revenue: TGS's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TGS's Return on Equity is forecast to be low in 3 years time (4.1%).


Past Performance

How has TGS-NOPEC Geophysical performed over the past 5 years?

0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGS is currently unprofitable.

Growing Profit Margin: TGS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TGS is unprofitable, but has reduced losses over the past 5 years at a rate of 0.8% per year.

Accelerating Growth: Unable to compare TGS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TGS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-5.2%).


Return on Equity

High ROE: TGS has a negative Return on Equity (-8.96%), as it is currently unprofitable.


Financial Health

How is TGS-NOPEC Geophysical's financial position?


Financial Position Analysis

Short Term Liabilities: TGS's short term assets ($515.9M) exceed its short term liabilities ($511.7M).

Long Term Liabilities: TGS's short term assets ($515.9M) exceed its long term liabilities ($75.8M).


Debt to Equity History and Analysis

Debt Level: TGS is debt free.

Reducing Debt: TGS had no debt 5 years ago.

Debt Coverage: TGS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TGS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is TGS-NOPEC Geophysical current dividend yield, its reliability and sustainability?

3.90%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 16 2021Ex Dividend DateMay 19 2021Dividend Pay DateJun 02 202114 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TGS's dividend (3.9%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.89%).

High Dividend: TGS's dividend (3.9%) is low compared to the top 25% of dividend payers in the Norwegian market (5%).


Stability and Growth of Payments

Stable Dividend: TGS's dividend payments have been volatile in the past 10 years.

Growing Dividend: TGS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: TGS is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: TGS's dividends in 3 years are not forecast to be well covered by earnings (118.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Kristian Johansen (49 yo)

5.17yrs

Tenure

US$2,936,000

Compensation

Mr. Kristian Kuvaas Johansen has been the Chief Executive Officer of TGS-NOPEC Geophysical Company ASA since March 11, 2016 and has been its Interim Leader North & South America since January 13, 2017. Mr....


CEO Compensation Analysis

Compensation vs Market: Kristian's total compensation ($USD2.94M) is above average for companies of similar size in the Norwegian market ($USD621.95K).

Compensation vs Earnings: Kristian's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: TGS's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: TGS's board of directors are considered experienced (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

TGS-NOPEC Geophysical Company ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TGS-NOPEC Geophysical Company ASA
  • Ticker: TGS
  • Exchange: OB
  • Founded: 1981
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr13.849b
  • Shares outstanding: 117.07m
  • Website: https://www.tgs.com

Number of Employees


Location

  • TGS-NOPEC Geophysical Company ASA
  • Askekroken 11
  • Oslo
  • Oslo
  • 277
  • Norway

Listings


Biography

TGS-NOPEC Geophysical Company ASA provides geoscience data products and services to the oil and gas industry worldwide. The company offers geophysical multi-client data, including seismic data; and geophys...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 02:52
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.