Company Valuation: TGS ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,115 1,668 1,706 1,956 1,794 2,728 - -
Change - 49.61% 2.3% 14.68% -8.3% 52.06% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,220 3,173 3,091
Change - 58.65% 7.8% 53.36% -9.17% 44.97% -1.45% -2.58%
P/E -20.9x 18.4x 76.7x 19.2x 101x 16.2x 12.5x 12.1x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.38x 1.34x 1.31x
PEG - -0x -1x 0x -1.2x 0x 0.4x 4.09x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.83x 1.7x 1.65x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.16x 1.98x 1.87x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.49x 3.11x 2.92x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 11.4x 9.3x 8.37x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 21.2x 14.7x 12.3x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 4.72% 6.81% 8.1%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.6136 0.7486 0.96
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 4.42% 5.39% 6.92%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.8571 1.113 1.146
Distribution rate -122% 76.7% 329% 108% 689% 71.6% 67.2% 83.7%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,490 1,606 1,652
EBITDA 1 196 538.9 383.9 694.2 896.2 922.2 1,020 1,057
EBIT 1 -161.6 130.7 53.3 195.5 182.4 282.5 341.4 369.4
Net income 1 -54.11 86.67 21.65 94.22 18.3 169.5 214.1 226.9
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 491.8 445.3 363.3
Reference price 2 9.60 13.40 13.04 9.97 9.13 13.88 13.88 13.88
Nbr of stocks (in thousands) 116,107 124,469 130,862 196,213 196,459 196,503 - -
Announcement Date 10/02/22 09/02/23 15/02/24 20/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.56x1.21x5.23x6.24% 9.8B
14.68x0.36x4.25x3.01% 6.62B
53.24x1.24x9.18x1.48% 3.89B
52.13x1.74x8.2x1.43% 2.53B
6.65x0.39x4.43x18.67% 2.07B
14.63x1.19x2.96x1.84% 847M
5.31x0.85x1.38x5.46% 830M
4.19x2.56x10.16x4.92% 545M
6.41x1.9x4.33x2.86% 507M
Average 19.09x 1.27x 5.57x 5.1% 3.07B
Weighted average by Cap. 22.25x 1.03x 5.66x 5.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield