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 3,084 - -
Change - 49.61% 2.3% 14.68% -8.3% 71.9% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,489 3,453 3,406
Change - 58.65% 7.8% 53.36% -9.17% 57.08% -1.02% -1.38%
P/E -20.9x 18.4x 76.7x 19.2x 101x 16x 13.6x 11.5x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.55x 1.49x 1.45x
PEG - -0x -1x 0x -1.2x 0x 0.8x 0.6x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 2.02x 1.92x 1.83x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.29x 2.15x 2.02x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 4.03x 3.47x 3.21x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 11.1x 9.59x 8.18x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 15.1x 16.4x 13x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 6.61% 6.11% 7.66%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.6092 0.6814 0.9067
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 3.89% 4.35% 5.78%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.9808 1.153 1.357
Distribution rate -122% 76.7% 329% 108% 689% 62.1% 59.1% 66.8%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,525 1,607 1,682
EBITDA 1 196 538.9 383.9 694.2 896.2 866.4 993.9 1,062
EBIT 1 -161.6 130.7 53.3 195.5 182.4 313.1 360 416.1
Net income 1 -54.11 86.67 21.65 94.22 18.3 196.1 249.2 309.6
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 404.7 369.1 321.6
Reference price 2 9.60 13.40 13.04 9.97 9.13 15.67 15.67 15.67
Nbr of stocks (in thousands) 1,16,107 1,24,469 1,30,862 1,96,213 1,96,459 1,96,756 - -
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.($)
23.29x2.35x10.92x2.18% 7.93TCr
19.26x2.36x13.32x1.68% 5.43TCr
16.04x2.22x9.69x4.62% 3.06TCr
15.43x1.53x8.56x1.91% 2.96TCr
23.11x2.54x12.52x0.28% 2.8TCr
28.02x4.6x18.24x1.03% 1.44TCr
13.54x1.29x5.42x3.63% 1.05TCr
32.19x0.53x4.69x3.63% 984.2Cr
20.95x0.8x7.05x2.08% 686.93Cr
Average 21.31x 2.03x 10.05x 2.34% 2.93TCr
Weighted average by Cap. 20.86x 2.24x 11.02x 2.18%

Y-o-Y evolution of P/E

Valuation ratios - P/E - TGS ASA

Historical PBR trend

Valuation ratios - PBR - TGS ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - TGS ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - TGS ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - TGS ASA