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 2,703 - -
Change - 49.61% 2.3% 14.68% -8.3% 50.68% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,138 3,120 3,086
Change - 58.65% 7.8% 53.36% -9.17% 41.28% -0.58% -1.08%
P/E -20.9x 18.4x 76.7x 19.2x 101x 12.9x 11.5x 9.63x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.34x 1.31x 1.27x
PEG - -0x -1x 0x -1.2x 0x 0.9x 0.5x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.81x 1.69x 1.62x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.1x 1.96x 1.86x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.49x 3.1x 2.92x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 9.71x 8.82x 7.73x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 12.9x 14.3x 12.1x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 7.77% 6.99% 8.29%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.6136 0.71 0.9067
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 4.46% 5.16% 6.59%
EPS 2 -0.46 0.73 0.17 0.52 0.09 1.065 1.196 1.429
Distribution rate -122% 76.7% 329% 108% 689% 57.6% 59.3% 63.5%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,495 1,595 1,664
EBITDA 1 196 538.9 383.9 694.2 896.2 899.3 1,008 1,057
EBIT 1 -161.6 130.7 53.3 195.5 182.4 323.3 353.6 399.5
Net income 1 -54.11 86.67 21.65 94.22 18.3 218.4 238.8 292.3
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 434.6 416.5 383
Reference price 2 9.60 13.40 13.04 9.97 9.13 13.76 13.76 13.76
Nbr of stocks (in thousands) 1,16,107 1,24,469 1,30,862 1,96,213 1,96,459 1,96,503 - -
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.($)
11.67x2.21x3.55x4.34% 277.55Cr
15.24x1.26x5.44x6.01% 1.02TCr
15.09x0.38x4.49x2.92% 675.65Cr
43.82x1.06x8.27x1.8% 320.18Cr
53.44x1.78x8.39x1.4% 259.15Cr
6.94x0.41x4.61x17.88% 216.21Cr
15x1.21x3.02x1.79% 87Cr
5.53x0.9x1.45x5.25% 86Cr
4.62x2.62x7.16x4.69% 58Cr
6.68x1.96x4.47x2.74% 53Cr
Average 17.80x 1.38x 5.09x 4.88% 305.07Cr
Weighted average by Cap. 19.90x 1.14x 5.38x 4.96%

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