Financials PGS ASA

Equities

PGS

NO0010199151

Oil Related Services and Equipment

Market Closed - Oslo Bors 08:15:00 30/04/2024 pm IST 5-day change 1st Jan Change
8.61 NOK -1.24% Intraday chart for PGS ASA +0.19% +0.51%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 660.6 238.2 167 650.4 803.4 741.9 - -
Enterprise Value (EV) 1 1,668 1,390 1,248 1,354 1,345 1,258 1,158 1,014
P/E ratio -9.29 x -0.72 x -0.93 x -11.9 x -42.1 x 9.99 x 8.81 x 5.27 x
Yield - - - - - - - -
Capitalization / Revenue 0.75 x 0.4 x 0.28 x 0.8 x 1.04 x 0.8 x 0.81 x 0.79 x
EV / Revenue 1.9 x 2.33 x 2.12 x 1.66 x 1.75 x 1.35 x 1.27 x 1.08 x
EV / EBITDA 3 x 3.5 x 3.9 x 3.03 x 3.08 x 2.34 x 2.2 x 1.91 x
EV / FCF 7.52 x 12.4 x 8.07 x 6.46 x 7.39 x 9.77 x 8.63 x 6.61 x
FCF Yield 13.3% 8.05% 12.4% 15.5% 13.5% 10.2% 11.6% 15.1%
Price to Book 1.04 x 0.6 x 0.68 x 0.84 x - 1.14 x 1.03 x 0.81 x
Nbr of stocks (in thousands) 3,38,578 3,87,205 4,00,666 9,09,049 9,53,460 9,53,991 - -
Reference price 2 1.951 0.6151 0.4167 0.7155 0.8427 0.7777 0.7777 0.7777
Announcement Date 30/01/20 04/02/21 27/01/22 26/01/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 880.1 595.9 590 817.2 770.6 930.6 911.8 937
EBITDA 1 556.1 397.7 320.2 446.7 436.9 536.7 526.4 531
EBIT 1 96.4 12.2 -54.6 117 103.9 172.4 169.5 208.5
Operating Margin 10.95% 2.05% -9.25% 14.32% 13.48% 18.52% 18.59% 22.25%
Earnings before Tax (EBT) 1 -37.6 -306.4 -163.8 -6.7 -5.5 93.66 104.4 131.5
Net income 1 -71.7 -321.5 -179.4 -32.8 -14.5 85.44 85.69 138.6
Net margin -8.15% -53.95% -30.41% -4.01% -1.88% 9.18% 9.4% 14.79%
EPS 2 -0.2100 -0.8500 -0.4500 -0.0600 -0.0200 0.0778 0.0883 0.1475
Free Cash Flow 1 221.8 111.9 154.7 209.5 182 128.7 134.2 153.4
FCF margin 25.2% 18.78% 26.22% 25.64% 23.62% 13.83% 14.72% 16.37%
FCF Conversion (EBITDA) 39.88% 28.14% 48.31% 46.9% 41.66% 23.98% 25.49% 28.88%
FCF Conversion (Net income) - - - - - 150.62% 156.58% 110.69%
Dividend per Share 2 - - - - - - - -
Announcement Date 30/01/20 04/02/21 27/01/22 26/01/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 131.7 174.3 136.2 273.6 198.5 250.7 143.1 156 157.3 227.3 217 228.8 231.3 231.1 187
EBITDA 1 55.6 96.1 51.8 193.3 98.1 145.2 42.4 149.7 98.2 126.7 119.7 134.5 136.5 131.6 85
EBIT 1 -39.5 3 -20.6 57.8 33.8 45.9 -16.1 25.1 11.7 83.3 35.43 45.27 49.37 42.3 13
Operating Margin -29.99% 1.72% -15.12% 21.13% 17.03% 18.31% -11.25% 16.09% 7.44% 36.65% 16.33% 19.79% 21.35% 18.3% 6.95%
Earnings before Tax (EBT) 1 -59.4 -45 -44.2 28 7.5 2.1 -53.6 -4.2 -5.6 58.2 13.36 31.99 27.95 36.39 -1
Net income 1 -60.7 -53.5 -49.2 18.7 2.6 -4.9 -58.8 -9.3 -6.8 60.6 7.432 22.37 12.67 27.39 -9
Net margin -46.09% -30.69% -36.12% 6.83% 1.31% -1.95% -41.09% -5.96% -4.32% 26.66% 3.42% 9.78% 5.48% 11.85% -4.81%
EPS 2 -0.1500 -0.1300 -0.1200 0.0400 - -0.0100 -0.0600 -0.0100 -0.0100 0.0600 0.0181 0.0179 0.0134 0.0142 -0.0100
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 21/10/21 27/01/22 28/04/22 21/07/22 26/10/22 26/01/23 27/04/23 20/07/23 26/10/23 15/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,008 1,152 1,081 704 542 516 416 272
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.812 x 2.897 x 3.376 x 1.576 x 1.241 x 0.9613 x 0.7898 x 0.5118 x
Free Cash Flow 1 222 112 155 210 182 129 134 153
ROE (net income / shareholders' equity) -10.6% -62.2% -55.9% -8.68% -2.79% 14.7% 16.2% 22.5%
ROA (Net income/ Total Assets) -1.28% -14.6% -9.23% -1.75% -0.77% 2.3% 3.7% 9.5%
Assets 1 5,619 2,198 1,943 1,873 1,893 3,715 2,316 1,458
Book Value Per Share 2 1.870 1.030 0.6100 0.8500 - 0.6800 0.7600 0.9600
Cash Flow per Share 2 1.390 0.9700 0.7700 0.6300 0.5000 0.6000 0.5000 0.5000
Capex 1 62 32.8 35.4 48.6 89.2 127 119 115
Capex / Sales 7.04% 5.5% 6% 5.95% 11.58% 13.69% 13.02% 12.27%
Announcement Date 30/01/20 04/02/21 27/01/22 26/01/23 15/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
0.7777 USD
Average target price
0.8648 USD
Spread / Average Target
+11.21%
Consensus