PGS ASA (PGS.OL)
NO0010199151 - Common Stock
Overall PGS gets a fundamental rating of 3 out of 10. We evaluated PGS against 40 industry peers in the Energy Equipment & Services industry. PGS may be in some trouble as it scores bad on both profitability and health. PGS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PGS has reported negative net income.
In the past year PGS had a positive cash flow from operations.
PGS had negative earnings in each of the past 5 years.
Each year in the past 5 years PGS had a positive operating cash flow.
1.2 Ratios
PGS's Return On Assets of -0.78% is on the low side compared to the rest of the industry. PGS is outperformed by 79.49% of its industry peers.
PGS has a worse Return On Equity (-2.71%) than 82.05% of its industry peers.
The Return On Invested Capital of PGS (6.68%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -2.71% | ||
| ROIC | 6.68% |
ROA(3y)-4.16%
ROA(5y)-6.19%
ROE(3y)-27.46%
ROE(5y)-34.95%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
PGS has a Operating Margin of 14.43%. This is comparable to the rest of the industry: PGS outperforms 51.28% of its industry peers.
In the last couple of years the Operating Margin of PGS has grown nicely.
PGS's Gross Margin of 60.39% is amongst the best of the industry. PGS outperforms 87.18% of its industry peers.
PGS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.43% | ||
| PM (TTM) | N/A | ||
| GM | 60.39% |
OM growth 3YN/A
OM growth 5Y15.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.99%
GM growth 5Y-3.11%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PGS is destroying value.
PGS has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, PGS has more shares outstanding
Compared to 1 year ago, PGS has an improved debt to assets ratio.
2.2 Solvency
PGS has an Altman-Z score of 0.22. This is a bad value and indicates that PGS is not financially healthy and even has some risk of bankruptcy.
PGS has a Altman-Z score of 0.22. This is in the lower half of the industry: PGS underperforms 61.54% of its industry peers.
The Debt to FCF ratio of PGS is 4.59, which is a neutral value as it means it would take PGS, 4.59 years of fcf income to pay off all of its debts.
PGS has a Debt to FCF ratio of 4.59. This is comparable to the rest of the industry: PGS outperforms 58.97% of its industry peers.
PGS has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
PGS has a worse Debt to Equity ratio (1.27) than 74.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 0.22 |
ROIC/WACC0.81
WACC8.2%
2.3 Liquidity
A Current Ratio of 0.93 indicates that PGS may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.93, PGS is doing worse than 76.92% of the companies in the same industry.
A Quick Ratio of 0.93 indicates that PGS may have some problems paying its short term obligations.
PGS has a Quick ratio of 0.93. This is in the lower half of the industry: PGS underperforms 74.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
PGS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 82.00%, which is quite impressive.
PGS shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.55%.
The Revenue has been decreasing by -3.77% on average over the past years.
EPS 1Y (TTM)82%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q645.45%
Revenue 1Y (TTM)-12.55%
Revenue growth 3Y15.1%
Revenue growth 5Y-3.77%
Revenue growth Q2Q22.34%
3.2 Future
PGS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 155.72% yearly.
PGS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.65% yearly.
EPS Next Y625.74%
EPS Next 2Y215.03%
EPS Next 3Y155.72%
EPS Next 5YN/A
Revenue Next Year23.18%
Revenue Next 2Y12.95%
Revenue Next 3Y10.65%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
PGS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 10.90, the valuation of PGS can be described as very reasonable.
PGS's Price/Forward Earnings ratio is in line with the industry average.
PGS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 10.9 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PGS indicates a rather cheap valuation: PGS is cheaper than 84.62% of the companies listed in the same industry.
84.62% of the companies in the same industry are more expensive than PGS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.9 | ||
| EV/EBITDA | 3.48 |
4.3 Compensation for Growth
PGS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PGS's earnings are expected to grow with 155.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y215.03%
EPS Next 3Y155.72%
5. Dividend
5.1 Amount
No dividends for PGS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PGS ASA
OSL:PGS (5/3/2024, 1:16:15 PM)
8.25
-0.06 (-0.75%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap7.87B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 10.9 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -2.71% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.43% | ||
| PM (TTM) | N/A | ||
| GM | 60.39% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)82%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y625.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-12.55%
Revenue growth 3Y15.1%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y