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 2,633 - -
Change - 49.61% 2.3% 14.68% -8.3% 46.77% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,125 3,078 2,996
Change - 58.65% 7.8% 53.36% -9.17% 40.7% -1.49% -2.66%
P/E -20.9x 18.4x 76.7x 19.2x 101x 15.6x 12x 11.7x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.34x 1.3x 1.26x
PEG - -0x -1x 0x -1.2x 0x 0.4x 3.95x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.77x 1.64x 1.59x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.1x 1.92x 1.81x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.39x 3.02x 2.83x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 11.1x 9.02x 8.11x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 20.6x 14.2x 12x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 4.86% 7.02% 8.35%
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% 4.58% 5.59% 7.16%
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 13.40 13.40 13.40
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.99x1.25x5.39x6.05% 10.1B
14.6x0.37x4.33x2.98% 6.67B
55.44x1.25x9.36x1.44% 4B
49.36x1.65x7.82x1.51% 2.39B
7.83x0.45x5.26x6.13% 2.27B
15.05x1.22x3.02x1.81% 871M
5.41x0.87x1.41x5.36% 845M
4.37x2.63x7.87x4.71% 562M
6.68x1.96x4.47x2.74% 531M
Average 19.30x 1.29x 5.44x 3.64% 3.14B
Weighted average by Cap. 22.31x 1.04x 5.74x 4.06%

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