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TGS

TGS OB:TGS Stock Report

Last Price

kr140.20

Market Cap

kr16.2b

7D

-7.6%

1Y

20.9%

Updated

24 Jun, 2022

Data

Company Financials +
TGS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends2/6

TGS Stock Overview

TGS ASA provides geoscience data products and services to the oil and gas industry worldwide.

TGS Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for TGS
Historical stock prices
Current Share Pricekr140.20
52 Week Highkr178.30
52 Week Lowkr77.16
Beta1.56
1 Month Change-11.43%
3 Month Change9.53%
1 Year Change20.91%
3 Year Change-41.39%
5 Year Change-18.06%
Change since IPO552.09%

Recent News & Updates

Jun 17
Rainbows and Unicorns: TGS ASA (OB:TGS) Analysts Just Became A Lot More Optimistic

Rainbows and Unicorns: TGS ASA (OB:TGS) Analysts Just Became A Lot More Optimistic

Celebrations may be in order for TGS ASA ( OB:TGS ) shareholders, with the analysts delivering a significant upgrade to...

Shareholder Returns

TGSNO Energy ServicesNO Market
7D-7.6%-6.9%-3.4%
1Y20.9%22.9%3.2%

Return vs Industry: TGS underperformed the Norwegian Energy Services industry which returned 28.2% over the past year.

Return vs Market: TGS exceeded the Norwegian Market which returned 3.4% over the past year.

Price Volatility

Is TGS's price volatile compared to industry and market?
TGS volatility
TGS Average Weekly Movement6.9%
Energy Services Industry Average Movement10.0%
Market Average Movement7.2%
10% most volatile stocks in NO Market12.8%
10% least volatile stocks in NO Market3.9%

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.

About the Company

FoundedEmployeesCEOWebsite
1981471Kristian Johansenhttps://www.tgs.com

TGS 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 geophysical library, such as gravity, magnetic, seep, geothermal, controlled source electromagnetic, and multibeam data. It also provides geological services comprising digital well logs; and interpretation products and data integration solutions.

TGS Fundamentals Summary

How do TGS's earnings and revenue compare to its market cap?
TGS fundamental statistics
Market CapUS$1.65b
Earnings (TTM)-US$68.08m
Revenue (TTM)US$508.48m

3.2x

P/S Ratio

-24.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TGS income statement (TTM)
RevenueUS$508.48m
Cost of RevenueUS$11.56m
Gross ProfitUS$496.91m
Other ExpensesUS$565.00m
Earnings-US$68.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 21, 2022

Earnings per share (EPS)-0.59
Gross Margin97.73%
Net Profit Margin-13.39%
Debt/Equity Ratio0%

How did TGS perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

-96%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TGS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TGS?

Other financial metrics that can be useful for relative valuation.

TGS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does TGS's PS Ratio compare to its peers?

TGS PS Ratio vs Peers
The above table shows the PS ratio for TGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.5x

Price-To-Sales vs Peers: TGS is expensive based on its Price-To-Sales Ratio (3.2x) compared to the peer average (0.5x).


Price to Earnings Ratio vs Industry

How does TGS's PE Ratio compare vs other companies in the Norwegian Energy Services Industry?

Price-To-Sales vs Industry: TGS is expensive based on its Price-To-Sales Ratio (3.2x) compared to the Norwegian Energy Services industry average (1x)


Price to Sales Ratio vs Fair Ratio

What is TGS'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.

TGS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.2x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: TGS is good value based on its Price-To-Sales Ratio (3.2x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).


Share Price vs Fair Value

What is the Fair Price of TGS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TGS (NOK140.2) is trading below our estimate of fair value (NOK280.87)

Significantly Below Fair Value: TGS is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TGS's PEG Ratio to determine if it is good value.


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Future Growth

How is TGS forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


67.3%

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 (1.1%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: TGS's revenue (6% per year) is forecast to grow faster than the Norwegian market (0.2% per year).

High Growth Revenue: TGS's revenue (6% 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 (8%).


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Past Performance

How has TGS performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-40.5%

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, and losses have increased over the past 5 years at a rate of 40.5% 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 (-45.5%).


Return on Equity

High ROE: TGS has a negative Return on Equity (-6.09%), as it is currently unprofitable.


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Financial Health

How is TGS's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TGS's short term assets ($442.1M) exceed its short term liabilities ($430.8M).

Long Term Liabilities: TGS's short term assets ($442.1M) exceed its long term liabilities ($63.4M).


Debt to Equity History and Analysis

Debt Level: TGS is debt free.

Reducing Debt: TGS has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.

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


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.94%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TGS's dividend (3.94%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.82%).

High Dividend: TGS's dividend (3.94%) is low compared to the top 25% of dividend payers in the Norwegian market (7.24%).


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 fallen over the past 10 years.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (89.5%), TGS's dividend payments are covered by cash flows.


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Management

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

3.4yrs

Average management tenure


CEO

Kristian Johansen (50 yo)

6.25yrs

Tenure

US$1,382,000

Compensation

Mr. Kristian Kuvaas Johansen has been the Chief Executive Officer of TGS ASA (formerly known as TGS-NOPEC Geophysical Company ASA) since March 11, 2016 and has been its Interim Leader North & South America...


CEO Compensation Analysis

Compensation vs Market: Kristian's total compensation ($USD1.38M) is above average for companies of similar size in the Norwegian market ($USD769.67K).

Compensation vs Earnings: Kristian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TGS's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: TGS's board of directors are considered experienced (3.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TGS ASA's employee growth, exchange listings and data sources


Key Information

  • Name: TGS ASA
  • Ticker: TGS
  • Exchange: OB
  • Founded: 1981
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: kr16.249b
  • Shares outstanding: 115.90m
  • Website: https://www.tgs.com

Number of Employees


Location

  • TGS ASA
  • Askekroken 11
  • Oslo
  • Oslo
  • 277
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.