Valuation TGS ASA

Equities

Real-time Oslo Bors Other stock markets 07:07:02 2025-12-16 am EST			5-day change	1st Jan Change
88.10 ^NOK	-3.50%		+0.46%	-22.31%

Dec. 11	TGS Receives New Streamer 4D Survey Contract	MT
Dec. 11	TGS awarded streamer 4D contract in Campos Basin, Brazil	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,820	1,115	1,668	1,706	1,956	1,769	-	-
Change	-	-38.74%	49.61%	2.3%	14.68%	-9.57%	-	-
Enterprise Value (EV) ¹	1,626	932.4	1,479	1,595	2,445	2,288	2,252	2,193
Change	-	-42.67%	58.65%	7.8%	53.36%	-6.42%	-1.59%	-2.62%
P/E ratio	-8.87x	-20.9x	18.4x	76.7x	19.2x	38.3x	24.3x	23.1x
PBR	1.46x	1x	1.34x	1.34x	0.94x	0.88x	0.9x	0.91x
PEG	-	0.3x	-0x	-1x	0x	-0.7x	0.4x	4.27x
Capitalization / Revenue	4.05x	3.61x	2.33x	2.15x	1.48x	1.17x	1.25x	1.23x
EV / Revenue	3.62x	3.02x	2.06x	2.01x	1.86x	1.51x	1.59x	1.52x
EV / EBITDA	4.66x	4.76x	2.75x	4.15x	3.52x	2.59x	2.7x	2.59x
EV / EBIT	-5.55x	-5.77x	11.3x	29.9x	12.5x	10.9x	13x	11.4x
EV / FCF	-75.2x	6.28x	21x	10.2x	10.7x	9.81x	12.4x	12.3x
FCF Yield	-1.33%	15.9%	4.76%	9.83%	9.36%	10.2%	8.05%	8.13%
Dividend per Share ²	0.5	0.56	0.56	0.56	0.56	0.605	0.6088	0.6125
Rate of return	3.22%	5.83%	4.18%	4.3%	5.62%	6.72%	6.76%	6.8%
EPS ²	-1.75	-0.46	0.73	0.17	0.52	0.235	0.37	0.39
Distribution rate	-28.6%	-122%	76.7%	329%	108%	257%	165%	157%
Net sales ¹	448.8	308.9	716.6	794.3	1,318	1,517	1,414	1,442
EBITDA ¹	349.1	196	538.9	383.9	694.2	884.9	835.5	846.1
EBIT ¹	-293	-161.6	130.7	53.3	195.5	209.2	173.7	192.7
Net income ¹	-204.9	-54.11	86.67	21.65	94.22	52.58	82.52	90.41
Net Debt ¹	-193.2	-182.3	-188.5	-111.5	488.9	519.3	482.8	424
Reference price ²	15.521	9.601	13.398	13.037	9.971	9.007	9.007	9.007
Nbr of stocks (in thousands)	117,228	116,107	124,469	130,862	196,213	196,419	-	-
Announcement Date	2/11/21	2/10/22	2/9/23	2/15/24	2/20/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
TGS ASA	38.33x	1.51x	2.59x	6.72%	1.77B
TECHNIP ENERGIES N.V.	14.72x	0.33x	3.69x	2.63%	6.76B
SUBSEA 7 S.A.	13.1x	0.86x	4.24x	6.37%	5.71B
LIBERTY ENERGY INC.	30.85x	0.91x	6.13x	1.72%	3.1B
AKER SOLUTIONS ASA	5.66x	0.23x	2.64x	10.35%	1.47B
SELECT WATER SOLUTIONS, INC.	52.63x	1.03x	5.53x	2.6%	1.13B
BW OFFSHORE LIMITED	5.34x	1.15x	2.06x	6.96%	705M
FLOWCO HOLDINGS INC.	13.85x	0.92x	2.25x	1.47%	511M
Average	21.81x	0.87x	3.64x	4.85%	2.64B
Weighted average by Cap.	19.69x	0.73x	4.04x	4.5%