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 2,887 - -
Change - 49.61% 2.3% 14.68% -8.3% 60.94% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,274 3,244 3,209
Change - 58.65% 7.8% 53.36% -9.17% 47.41% -0.92% -1.08%
P/E -20.9x 18.4x 76.7x 19.2x 101x 14.8x 12.6x 10.8x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.48x 1.41x 1.36x
PEG - -0x -1x 0x -1.2x 0x 0.7x 0.6x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.89x 1.8x 1.72x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.15x 2.02x 1.91x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.78x 3.26x 3.02x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 10.5x 9.01x 7.71x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 14.2x 15.4x 12.3x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 7.04% 6.5% 8.13%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.61 0.6814 0.9067
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 4.16% 4.64% 6.18%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.9893 1.163 1.357
Distribution rate -122% 76.7% 329% 108% 689% 61.7% 58.6% 66.8%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,525 1,607 1,682
EBITDA 1 196 538.9 383.9 694.2 896.2 866.5 993.8 1,062
EBIT 1 -161.6 130.7 53.3 195.5 182.4 313.1 360.1 416.1
Net income 1 -54.11 86.67 21.65 94.22 18.3 198.6 231.2 309.6
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 386.8 356.6 321.6
Reference price 2 9.60 13.40 13.04 9.97 9.13 14.67 14.67 14.67
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.($)
14.3x2.11x3.63x4.17% 288.73Cr
23.05x2.32x10.74x2.17% 7.83TCr
19.68x2.35x13.26x1.67% 5.55TCr
15.37x2.12x9.24x4.83% 2.93TCr
15.07x1.5x8.38x1.96% 2.89TCr
22.62x2.48x12.25x0.29% 2.74TCr
27.38x4.49x17.57x1.09% 1.4TCr
13.05x1.24x5.21x3.77% 1.01TCr
31.07x0.51x4.52x3.76% 954.28Cr
22.18x0.83x7.23x2.03% 704.4Cr
Average 20.38x 1.99x 9.20x 2.57% 2.63TCr
Weighted average by Cap. 20.58x 2.20x 10.76x 2.22%

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