TGS-NOPEC Geophysical Company ASA provides geoscientific data products and services to the oil and gas industry worldwide.
Excellent balance sheet with reasonable growth potential.
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 has not had significant price volatility in the past 3 months.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: TGS exceeded the Norwegian Energy Services industry which returned -32.8% over the past year.
Return vs Market: TGS matched the Norwegian Market which returned -5.1% over the past year.
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
1 day ago | Simply Wall StThe TGS-NOPEC Geophysical (OB:TGS) Share Price Is Up 21% And Shareholders Are Holding On
1 week ago | Simply Wall StWe Wouldn't Be Too Quick To Buy TGS-NOPEC Geophysical Company ASA (OB:TGS) Before It Goes Ex-Dividend
4 weeks ago | Simply Wall StTGS-NOPEC Geophysical (OB:TGS) Has A Rock Solid Balance Sheet
Is TGS-NOPEC Geophysical undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TGS (NOK226.3) is trading below our estimate of fair value (NOK306.18)
Significantly Below Fair Value: TGS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TGS is poor value based on its PE Ratio (26.2x) compared to the Energy Services industry average (9.8x).
PE vs Market: TGS is poor value based on its PE Ratio (26.2x) compared to the Norwegian market (14.5x).
Price to Earnings Growth Ratio
PEG Ratio: TGS is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: TGS is overvalued based on its PB Ratio (1.8x) compared to the NO Energy Services industry average (0.5x).
How is TGS-NOPEC Geophysical forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TGS's forecast earnings growth (31.7% per year) is above the savings rate (0.7%).
Earnings vs Market: TGS's earnings (31.7% per year) are forecast to grow faster than the Norwegian market (18.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TGS's revenue (16.9% per year) is forecast to grow faster than the Norwegian market (3.4% per year).
High Growth Revenue: TGS's revenue (16.9% 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 (18.9%).
How has TGS-NOPEC Geophysical performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TGS has high quality earnings.
Growing Profit Margin: TGS's current net profit margins (17%) are lower than last year (29.1%).
Past Earnings Growth Analysis
Earnings Trend: TGS's earnings have grown by 13.8% per year over the past 5 years.
Accelerating Growth: TGS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TGS had negative earnings growth (-44.4%) over the past year, making it difficult to compare to the Energy Services industry average (-44.4%).
Return on Equity
High ROE: TGS's Return on Equity (6.5%) is considered low.
Return on Assets
Return on Capital Employed
How is TGS-NOPEC Geophysical's financial position?
Financial Position Analysis
Short Term Liabilities: TGS's short term assets ($721.6M) exceed its short term liabilities ($584.8M).
Long Term Liabilities: TGS's short term assets ($721.6M) exceed its long term liabilities ($67.3M).
Debt to Equity History and Analysis
Debt Level: TGS's debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TGS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TGS's debt is well covered by operating cash flow (19958.9%).
Interest Coverage: TGS earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: TGS has a low level of unsold assets or inventory.
Debt Coverage by Assets: TGS's debt is covered by short term assets (assets are 256.9x debt).
What is TGS-NOPEC Geophysical's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TGS's dividend (6.21%) is higher than the bottom 25% of dividend payers in the Norwegian market (3%).
High Dividend: TGS's dividend (6.21%) is low compared to the top 25% of dividend payers in the Norwegian market (6.42%).
Stability and Growth of Payments
Stable Dividend: TGS's dividend payments have been volatile in the past 10 years.
Growing Dividend: TGS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (117.4%), TGS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TGS's dividends in 3 years are forecast to be covered by earnings (70.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kristian Johansen (48yo)
Mr. Kristian Kuvaas Johansen has been the Chief Executive Officer of TGS-NOPEC Geophysical Company ASA since March 11, 2016 and has been its Interim Leader North & South America since January 13, 2017. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Kristian's total compensation ($USD2.16M) is above average for companies of similar size in the Norwegian market ($USD876.38K).
Compensation vs Earnings: Kristian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chief Executive Officer||3.9yrs||US$2.16m||0.048% $12.8m|
|Chief Financial Officer||0yrs||US$597.00k||0.0083% $2.2m|
|Executive VP of Legal & General Counsel||7.1yrs||US$615.00k||0.0079% $2.1m|
|Executive Vice President of Staff & Support||0.5yrs||US$358.50k||0.0054% $1.4m|
|Executive Vice President of North America||1.1yrs||US$585.00k||0.010% $2.7m|
|Executive Vice President of Onshore||3.8yrs||US$639.00k||0.0095% $2.5m|
|Executive Vice President of Operations||0.5yrs||no data||0.043% $11.5m|
|Managing Director of Asia Pacific||8.7yrs||no data||no data|
|Executive Vice President of Southern Hemisphere & Europe||0.5yrs||no data||0.31% $82.2m|
|Senior VP of Imaging||0.08yrs||no data||no data|
Experienced Management: TGS's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|Chairman of the Board||10.7yrs||US$200.00k||1.16% $305.8m|
|Independent Director||3.8yrs||US$82.00k||0.0056% $1.5m|
|Independent Director||0.8yrs||no data||no data|
|Independent Director||4.8yrs||US$82.00k||0.0070% $1.9m|
|Independent Director||11.1yrs||US$88.00k||0.020% $5.4m|
|Independent Director||6.7yrs||US$88.00k||0.0098% $2.6m|
|Independent Director||8.7yrs||US$82.00k||0.013% $3.3m|
|Independent Director||0.8yrs||no data||0.0014% $373.2k|
Experienced Board: TGS's board of directors are considered experienced (5.7 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.6%.
TGS-NOPEC Geophysical Company ASA's company bio, employee growth, exchange listings and data sources
- Name: TGS-NOPEC Geophysical Company ASA
- Ticker: TGS
- Exchange: OB
- Founded: 1981
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr26.465b
- Shares outstanding: 116.94m
- Website: https://www.tgs.com
Number of Employees
- TGS-NOPEC Geophysical Company ASA
- Lensmannslia 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TGS||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Oct 1997|
|TGC||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 1997|
|TGSN.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 1997|
|0MSJ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Oct 1997|
|TGSO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Oct 1997|
|TGSG.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Oct 2008|
TGS-NOPEC Geophysical Company ASA provides geoscientific data products and services to the oil and gas industry worldwide. The company offers geophysical multi-client data, including seismic data; and geophysical library, such as gravity, magnetic, seep, geothermal, controlled source electromagnetic, and multi-beam data. It also provides geological services comprising digital well logs; and interpretation services and other geoscientific data to support hydrocarbon exploration. In addition, the company offers imaging services, which include depth and time imaging; marine, land, and ocean bottom cables and nodes; anisotropic imaging; transition zone processing; multi component processing; shear wave; and 4D time-lapse, as well as wide azimuth data processing. Further, it provides data and analytics solutions; data integration products; and PRIMA, a multi-function exploration software suite. TGS-NOPEC Geophysical Company ASA has a strategic collaborations with Axxis Geo Solutions and Schlumberger Limited for Ocean Bottom Node Projects in North Sea. TGS-NOPEC Geophysical Company ASA was founded in 1981 and is headquartered in Asker, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 21:23|
|End of Day Share Price||2020/02/26 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.