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 2,531 - -
Change - 49.61% 2.3% 14.68% -8.3% 41.07% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,032 2,977 2,901
Change - 58.65% 7.8% 53.36% -9.17% 36.51% -1.81% -2.57%
P/E -20.9x 18.4x 76.7x 19.2x 101x 15.6x 11.5x 10.5x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.29x 1.25x 1.23x
PEG - -0x -1x 0x -1.2x 0x 0.3x 1.06x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.73x 1.58x 1.51x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.08x 1.86x 1.73x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.31x 2.92x 2.71x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 11x 8.72x 7.45x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 21.4x 11.1x 8.03x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 4.68% 9.03% 12.5%
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% 4.76% 5.81% 7.45%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.8271 1.117 1.227
Distribution rate -122% 76.7% 329% 108% 689% 74.2% 67% 78.2%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,459 1,604 1,680
EBITDA 1 196 538.9 383.9 694.2 896.2 917.3 1,020 1,070
EBIT 1 -161.6 130.7 53.3 195.5 182.4 274.8 341.5 389.1
Net income 1 -54.11 86.67 21.65 94.22 18.3 163.2 220 242.1
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 501.1 446.3 369.9
Reference price 2 9.60 13.40 13.04 9.97 9.13 12.88 12.88 12.88
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.($)
15.82x2.11x3.35x4.69% 2.57B
15.08x1.26x5.52x6.16% 10.18B
14.5x0.35x4.16x3.03% 6.52B
60.07x1.22x9.21x1.45% 3.97B
48.74x1.63x7.72x1.53% 2.36B
7.6x0.44x5.13x6.96% 2.17B
14.94x1.21x3x1.82% 865M
5.06x0.79x1.29x5.74% 790M
6.32x1.88x4.28x2.9% 500M
10.14x1.36x3.32x7.98% 458M
Average 19.83x 1.23x 4.70x 4.23% 3.04B
Weighted average by Cap. 22.49x 1.10x 5.44x 4.29%

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