Financials PGS ASA

Equities

PGS

NO0010199151

Oil Related Services and Equipment

Market Closed - Oslo Bors 10:45:00 2024-05-10 am EDT 5-day change 1st Jan Change
8.074 NOK -0.10% Intraday chart for PGS ASA -0.88% -5.74%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 660.6 238.2 167 650.4 803.4 707.2 - -
Enterprise Value (EV) 1 1,668 1,390 1,248 1,354 1,345 1,213 1,104 929.2
P/E ratio -9.29 x -0.72 x -0.93 x -11.9 x -42.1 x 8.73 x 7.99 x 5.42 x
Yield - - - - - - - -
Capitalization / Revenue 0.75 x 0.4 x 0.28 x 0.8 x 1.04 x 0.81 x 0.78 x 0.74 x
EV / Revenue 1.9 x 2.33 x 2.12 x 1.66 x 1.75 x 1.39 x 1.21 x 0.97 x
EV / EBITDA 3 x 3.5 x 3.9 x 3.03 x 3.08 x 2.51 x 2.1 x 1.75 x
EV / FCF 7.52 x 12.4 x 8.07 x 6.46 x 7.39 x 9.43 x 8.23 x 6.06 x
FCF Yield 13.3% 8.05% 12.4% 15.5% 13.5% 10.6% 12.2% 16.5%
Price to Book 1.04 x 0.6 x 0.68 x 0.84 x - 1.12 x 1.01 x 0.78 x
Nbr of stocks (in thousands) 338,578 387,205 400,666 909,049 953,460 953,991 - -
Reference price 2 1.951 0.6151 0.4167 0.7155 0.8427 0.7413 0.7413 0.7413
Announcement Date 1/30/20 2/4/21 1/27/22 1/26/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 880.1 595.9 590 817.2 770.6 875.4 910.8 956
EBITDA 1 556.1 397.7 320.2 446.7 436.9 482.7 526 530.5
EBIT 1 96.4 12.2 -54.6 117 103.9 156.1 160.8 173.2
Operating Margin 10.95% 2.05% -9.25% 14.32% 13.48% 17.83% 17.66% 18.12%
Earnings before Tax (EBT) 1 -37.6 -306.4 -163.8 -6.7 -5.5 97.95 99.21 95.75
Net income 1 -71.7 -321.5 -179.4 -32.8 -14.5 96.62 90.08 129.1
Net margin -8.15% -53.95% -30.41% -4.01% -1.88% 11.04% 9.89% 13.5%
EPS 2 -0.2100 -0.8500 -0.4500 -0.0600 -0.0200 0.0849 0.0928 0.1367
Free Cash Flow 1 221.8 111.9 154.7 209.5 182 128.7 134.2 153.4
FCF margin 25.2% 18.78% 26.22% 25.64% 23.62% 14.7% 14.73% 16.04%
FCF Conversion (EBITDA) 39.88% 28.14% 48.31% 46.9% 41.66% 26.66% 25.51% 28.91%
FCF Conversion (Net income) - - - - - 133.21% 148.95% 118.82%
Dividend per Share 2 - - - - - - - -
Announcement Date 1/30/20 2/4/21 1/27/22 1/26/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 131.7 174.3 136.2 273.6 198.5 250.7 143.1 156 157.3 227.3 217.2 232.7 235.7 231.5 -
EBITDA 1 55.6 96.1 51.8 193.3 98.1 145.2 42.4 149.7 98.2 126.7 112.5 124.5 141 131.9 112
EBIT 1 -39.5 3 -20.6 57.8 33.8 45.9 -16.1 25.1 11.7 83.3 26.7 48.9 53.55 37.95 -
Operating Margin -29.99% 1.72% -15.12% 21.13% 17.03% 18.31% -11.25% 16.09% 7.44% 36.65% 12.29% 21.01% 22.72% 16.39% -
Earnings before Tax (EBT) 1 -59.4 -45 -44.2 28 7.5 2.1 -53.6 -4.2 -5.6 58.2 5.3 31.98 39.43 32.08 -
Net income 1 -60.7 -53.5 -49.2 18.7 2.6 -4.9 -58.8 -9.3 -6.8 60.6 -2.1 22.06 18.23 23.09 -
Net margin -46.09% -30.69% -36.12% 6.83% 1.31% -1.95% -41.09% -5.96% -4.32% 26.66% -0.97% 9.48% 7.74% 9.97% -
EPS 2 -0.1500 -0.1300 -0.1200 0.0400 - -0.0100 -0.0600 -0.0100 -0.0100 0.0600 -0.002200 0.0172 0.0179 0.005650 -
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 10/21/21 1/27/22 4/28/22 7/21/22 10/26/22 1/26/23 4/27/23 7/20/23 10/26/23 2/15/24 5/8/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,008 1,152 1,081 704 542 506 397 222
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.812 x 2.897 x 3.376 x 1.576 x 1.241 x 1.048 x 0.7544 x 0.4185 x
Free Cash Flow 1 222 112 155 210 182 129 134 153
ROE (net income / shareholders' equity) -10.6% -62.2% -55.9% -8.68% -2.79% 17.1% 18.1% 21.9%
ROA (Net income/ Total Assets) -1.28% -14.6% -9.23% -1.75% -0.77% - - -
Assets 1 5,619 2,198 1,943 1,873 1,893 - - -
Book Value Per Share 2 1.870 1.030 0.6100 0.8500 - 0.6600 0.7300 0.9500
Cash Flow per Share 2 1.390 0.9700 0.7700 0.6300 0.5000 0.6000 0.5000 0.5000
Capex 1 62 32.8 35.4 48.6 89.2 127 119 115
Capex / Sales 7.04% 5.5% 6% 5.95% 11.58% 14.55% 13.03% 12.03%
Announcement Date 1/30/20 2/4/21 1/27/22 1/26/23 2/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
0.7413 USD
Average target price
0.8597 USD
Spread / Average Target
+15.97%
Consensus
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