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 2,692 - -
Change - 49.61% 2.3% 14.68% -8.3% 50.07% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,184 3,138 3,056
Change - 58.65% 7.8% 53.36% -9.17% 43.36% -1.46% -2.61%
P/E -20.9x 18.4x 76.7x 19.2x 101x 16x 12.3x 12x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.37x 1.33x 1.29x
PEG - -0x -1x 0x -1.2x 0x 0.4x 4.05x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.81x 1.68x 1.63x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.14x 1.95x 1.85x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.45x 3.08x 2.89x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 11.3x 9.19x 8.27x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 20.9x 14.5x 12.2x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 4.77% 6.89% 8.19%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.6136 0.7486 0.96
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 4.48% 5.46% 7.01%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.8571 1.113 1.146
Distribution rate -122% 76.7% 329% 108% 689% 71.6% 67.2% 83.7%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,490 1,606 1,652
EBITDA 1 196 538.9 383.9 694.2 896.2 922.2 1,020 1,057
EBIT 1 -161.6 130.7 53.3 195.5 182.4 282.5 341.4 369.4
Net income 1 -54.11 86.67 21.65 94.22 18.3 169.5 214.1 226.9
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 491.8 445.3 363.3
Reference price 2 9.60 13.40 13.04 9.97 9.13 13.70 13.70 13.70
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.($)
15.98x2.14x3.45x4.48% 269.22Cr
14.99x1.25x5.39x6.06% 1.01TCr
14.7x0.36x4.3x3% 662.88Cr
56.13x1.29x9.54x1.4% 410.1Cr
51.23x1.71x8.1x1.46% 248.46Cr
6.69x0.4x4.56x18.2% 211.02Cr
14.61x1.19x2.96x1.84% 85Cr
5.39x0.87x1.4x5.38% 84Cr
4.52x2.68x10.62x4.56% 59Cr
6.59x1.94x4.42x2.78% 52Cr
Average 19.08x 1.38x 5.47x 4.91% 309.08Cr
Weighted average by Cap. 22.21x 1.15x 5.61x 4.89%

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