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 2,904 - -
Change - 49.61% 2.3% 14.68% -8.3% 61.88% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,339 3,321 3,287
Change - 58.65% 7.8% 53.36% -9.17% 50.33% -0.54% -1.01%
P/E -20.9x 18.4x 76.7x 19.2x 101x 13.9x 12.4x 10.3x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.44x 1.4x 1.37x
PEG - -0x -1x 0x -1.2x 0x 1x 0.5x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.94x 1.82x 1.75x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.23x 2.08x 1.98x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.71x 3.3x 3.11x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 10.3x 9.39x 8.23x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 13.7x 15.2x 12.9x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 7.3% 6.57% 7.78%
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% 4.15% 4.8% 6.13%
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 14.78 14.78 14.78
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.87x2.23x3.71x4.15% 290.42Cr
14.17x1.3x5.51x6.72% 1.05TCr
16.74x0.21x3.06x3.17% 602.4Cr
39.12x1.13x9.06x1.64% 350.54Cr
39.83x1.83x8.38x1.38% 272.2Cr
6.88x0.41x4.62x18.09% 216.53Cr
14.63x1.4x3.51x1.6% 102.26Cr
5.56x0.9x1.46x5.21% 87Cr
4.54x2.51x7.17x6.78% 59Cr
Average 17.26x 1.33x 5.16x 5.41% 336.23Cr
Weighted average by Cap. 18.91x 1.15x 5.30x 5.3%

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