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TGS OB:TGS Stock Report

Last Price

NOK 109.20

Market Cap

NOK 21.4b

7D

-2.0%

1Y

-15.0%

Updated

18 Dec, 2024

Data

Company Financials +

TGS ASA

OB:TGS Stock Report

Market Cap: NOK 21.4b

TGS Stock Overview

Provides geoscience data services to the oil and gas industry worldwide. More details

TGS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health3/6
Dividends2/6

Rewards

Trading at 69.4% below our estimate of its fair value

Earnings are forecast to grow 33.03% per year

Risk Analysis

Shareholders have been diluted in the past year

Large one-off items impacting financial results

Profit margins (4.6%) are lower than last year (9%)

Dividend of 5.52% is not well covered by earnings


My Notes

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Community Narratives

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DU
Duffelbag65
Community Contributor

Best vs worst case scenarios

In the most optimistic scenario, TGS capitalizes on its merger with PGS, leveraging the cost synergies of over $50 million annually​. This creates a significant financial buffer, allowing the company to focus on strategic growth while optimizing operational efficiencies.
View narrative
NOK 180.00
FV
39.3% undervalued intrinsic discount
175.54%
Revenue growth p.a.
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5users have followed this narrative
2 days ago author updated this narrative

TGS ASA Competitors

DOF Group

OB:DOFG

NOK 14.7b

Aker Solutions

OB:AKSO

NOK 14.6b

Subsea 7

OB:SUBC

NOK 52.8b

Sea1 Offshore

OB:SEA1

NOK 3.6b

Price History & Performance

Summary of share price highs, lows and changes for TGS
Historical stock prices
Current Share PriceNOK 109.20
52 Week HighNOK 140.60
52 Week LowNOK 93.25
Beta0.98
1 Month Change3.90%
3 Month Change2.82%
1 Year Change-15.02%
3 Year Change31.53%
5 Year Change-59.27%
Change since IPO407.91%

Recent News & Updates

We Think That There Are More Issues For TGS (OB:TGS) Than Just Sluggish Earnings

Nov 02
We Think That There Are More Issues For TGS (OB:TGS) Than Just Sluggish Earnings

Earnings Miss: TGS ASA Missed EPS By 32% And Analysts Are Revising Their Forecasts

Oct 27
Earnings Miss: TGS ASA Missed EPS By 32% And Analysts Are Revising Their Forecasts

Recent updates

We Think That There Are More Issues For TGS (OB:TGS) Than Just Sluggish Earnings

Nov 02
We Think That There Are More Issues For TGS (OB:TGS) Than Just Sluggish Earnings

Earnings Miss: TGS ASA Missed EPS By 32% And Analysts Are Revising Their Forecasts

Oct 27
Earnings Miss: TGS ASA Missed EPS By 32% And Analysts Are Revising Their Forecasts

Why We're Not Concerned Yet About TGS ASA's (OB:TGS) 27% Share Price Plunge

Sep 27
Why We're Not Concerned Yet About TGS ASA's (OB:TGS) 27% Share Price Plunge

Broker Revenue Forecasts For TGS ASA (OB:TGS) Are Surging Higher

Sep 25
Broker Revenue Forecasts For TGS ASA (OB:TGS) Are Surging Higher

These 4 Measures Indicate That TGS (OB:TGS) Is Using Debt Reasonably Well

Aug 31
These 4 Measures Indicate That TGS (OB:TGS) Is Using Debt Reasonably Well

New Forecasts: Here's What One Analyst Thinks The Future Holds For TGS ASA (OB:TGS)

Jul 25
New Forecasts: Here's What One Analyst Thinks The Future Holds For TGS ASA (OB:TGS)

Results: TGS ASA Exceeded Expectations And The Consensus Has Updated Its Estimates

Jul 23
Results: TGS ASA Exceeded Expectations And The Consensus Has Updated Its Estimates

Why Investors Shouldn't Be Surprised By TGS ASA's (OB:TGS) P/S

Jul 15
Why Investors Shouldn't Be Surprised By TGS ASA's (OB:TGS) P/S

Is TGS ASA (OB:TGS) Trading At A 28% Discount?

May 26
Is TGS ASA (OB:TGS) Trading At A 28% Discount?

There's Reason For Concern Over TGS ASA's (OB:TGS) Massive 28% Price Jump

Apr 11
There's Reason For Concern Over TGS ASA's (OB:TGS) Massive 28% Price Jump

TGS' (OB:TGS) Soft Earnings Are Actually Better Than They Appear

Feb 22
TGS' (OB:TGS) Soft Earnings Are Actually Better Than They Appear

Estimating The Fair Value Of TGS ASA (OB:TGS)

Dec 15
Estimating The Fair Value Of TGS ASA (OB:TGS)

Are Investors Undervaluing TGS ASA (OB:TGS) By 35%?

Sep 16
Are Investors Undervaluing TGS ASA (OB:TGS) By 35%?

TGS (OB:TGS) Seems To Use Debt Quite Sensibly

Jul 11
TGS (OB:TGS) Seems To Use Debt Quite Sensibly

Is TGS ASA (OB:TGS) Trading At A 35% Discount?

Jun 01
Is TGS ASA (OB:TGS) Trading At A 35% Discount?

Here's Why TGS (OB:TGS) Can Manage Its Debt Responsibly

Mar 31
Here's Why TGS (OB:TGS) Can Manage Its Debt Responsibly

TGS ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Feb 12
TGS ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

New Forecasts: Here's What Analysts Think The Future Holds For TGS ASA (OB:TGS)

Feb 09
New Forecasts: Here's What Analysts Think The Future Holds For TGS ASA (OB:TGS)

Are Investors Undervaluing TGS ASA (OB:TGS) By 45%?

Jan 11
Are Investors Undervaluing TGS ASA (OB:TGS) By 45%?

Shareholder Returns

TGSNO Energy ServicesNO Market
7D-2.0%-0.7%-2.4%
1Y-15.0%-4.5%-0.3%

Return vs Industry: TGS underperformed the Norwegian Energy Services industry which returned -4.7% over the past year.

Return vs Market: TGS underperformed the Norwegian Market which returned -0.1% over the past year.

Price Volatility

Is TGS's price volatile compared to industry and market?
TGS volatility
TGS Average Weekly Movement5.3%
Energy Services Industry Average Movement5.3%
Market Average Movement5.0%
10% most volatile stocks in NO Market11.2%
10% least volatile stocks in NO Market2.7%

Stable Share Price: TGS has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: TGS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981873Kristian Johansenwww.tgs.com

TGS ASA provides geoscience data services to the oil and gas industry worldwide. The company offers geophysical data, including multi-client seismic data; geological data comprising well data products, and interpretive studies and services; and interpretation products and data integration solutions. It also provides imaging services, which include 2D and 3D seismic imaging solution in depth and time domains; marine, land, and ocean bottom nodes; and transition zone, multi component, and 4D time-lapse processing.

TGS ASA Fundamentals Summary

How do TGS's earnings and revenue compare to its market cap?
TGS fundamental statistics
Market capNOK 21.43b
Earnings (TTM)NOK 530.21m
Revenue (TTM)NOK 11.44b

40.4x

P/E Ratio

1.9x

P/S Ratio

Is TGS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TGS income statement (TTM)
RevenueUS$1.02b
Cost of RevenueUS$208.79m
Gross ProfitUS$808.10m
Other ExpensesUS$760.95m
EarningsUS$47.15m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 20, 2025

Earnings per share (EPS)0.24
Gross Margin79.47%
Net Profit Margin4.64%
Debt/Equity Ratio34.7%

How did TGS perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

192%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 01:10
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TGS ASA is covered by 34 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John A. OlaisenABG Sundal Collier
Iver BaatvikABN AMRO Bank N.V.
Christian YggesethArctic Securities ASA