TGS ASA (TGS.OL) Stock Fundamental Analysis
Europe - OSL:TGS - NO0003078800 - Common Stock
89.575 NOK
+7.03 (+8.51%)
TGS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 35 industry peers in the Energy Equipment & Services industry. TGS may be in some trouble as it scores bad on both profitability and health. TGS is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
TGS had positive earnings in the past year.
In the past year TGS had a positive cash flow from operations.
In multiple years TGS reported negative net income over the last 5 years.
In the past 5 years TGS always reported a positive cash flow from operatings.
1.2 Ratios
TGS's Return On Assets of 0.65% is on the low side compared to the rest of the industry. TGS is outperformed by 65.71% of its industry peers.
TGS has a Return On Equity of 1.27%. This is in the lower half of the industry: TGS underperforms 65.71% of its industry peers.
TGS's Return On Invested Capital of 5.43% is on the low side compared to the rest of the industry. TGS is outperformed by 62.86% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TGS is below the industry average of 10.38%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.65% | ||
| ROE | 1.27% | ||
| ROIC | 5.43% |
ROA(3y)2.74%
ROA(5y)-0.96%
ROE(3y)4.45%
ROE(5y)-1.33%
ROIC(3y)5.85%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of TGS (1.41%) is worse than 65.71% of its industry peers.
TGS's Profit Margin has declined in the last couple of years.
TGS has a Operating Margin of 11.02%. This is comparable to the rest of the industry: TGS outperforms 42.86% of its industry peers.
TGS's Operating Margin has declined in the last couple of years.
TGS has a Gross Margin of 75.68%. This is amongst the best in the industry. TGS outperforms 91.43% of its industry peers.
TGS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.02% | ||
| PM (TTM) | 1.41% | ||
| GM | 75.68% |
OM growth 3Y-27.75%
OM growth 5Y-12.35%
PM growth 3YN/A
PM growth 5Y-18.03%
GM growth 3Y-8.24%
GM growth 5Y-5.38%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TGS is destroying value.
Compared to 1 year ago, TGS has more shares outstanding
The number of shares outstanding for TGS has been increased compared to 5 years ago.
TGS has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.20, we must say that TGS is in the distress zone and has some risk of bankruptcy.
TGS has a Altman-Z score (1.20) which is comparable to the rest of the industry.
TGS has a debt to FCF ratio of 2.59. This is a good value and a sign of high solvency as TGS would need 2.59 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.59, TGS is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
A Debt/Equity ratio of 0.38 indicates that TGS is not too dependend on debt financing.
TGS has a better Debt to Equity ratio (0.38) than 65.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 2.59 | ||
| Altman-Z | 1.2 |
ROIC/WACC0.64
WACC8.44%
2.3 Liquidity
TGS has a Current Ratio of 0.64. This is a bad value and indicates that TGS is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of TGS (0.64) is worse than 88.57% of its industry peers.
A Quick Ratio of 0.64 indicates that TGS may have some problems paying its short term obligations.
TGS has a Quick ratio of 0.64. This is amonst the worse of the industry: TGS underperforms 88.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
The earnings per share for TGS have decreased strongly by -50.00% in the last year.
Measured over the past years, TGS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.33% on average per year.
The Revenue has grown by 123.96% in the past year. This is a very strong growth!
Measured over the past years, TGS shows a quite strong growth in Revenue. The Revenue has been growing by 17.62% on average per year.
EPS 1Y (TTM)-50%
EPS 3YN/A
EPS 5Y-22.33%
EPS Q2Q%-214.81%
Revenue 1Y (TTM)123.96%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%48.99%
3.2 Future
The Earnings Per Share is expected to grow by 23.08% on average over the next years. This is a very strong growth
TGS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.70% yearly.
EPS Next Y-82.52%
EPS Next 2Y7.28%
EPS Next 3Y23.08%
EPS Next 5YN/A
Revenue Next Year-2.71%
Revenue Next 2Y-0.28%
Revenue Next 3Y2.7%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 74.03, which means the current valuation is very expensive for TGS.
Compared to the rest of the industry, the Price/Earnings ratio of TGS indicates a slightly more expensive valuation: TGS is more expensive than 71.43% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.57. TGS is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 14.90, TGS is valued correctly.
Based on the Price/Forward Earnings ratio, TGS is valued a bit more expensive than the industry average as 77.14% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of TGS to the average of the S&P500 Index (23.09), we can say TGS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 74.03 | ||
| Fwd PE | 14.9 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, TGS is valued a bit cheaper than 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.14 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A more expensive valuation may be justified as TGS's earnings are expected to grow with 23.08% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.28%
EPS Next 3Y23.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.33%, TGS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.40, TGS pays a better dividend. On top of this TGS pays more dividend than 82.86% of the companies listed in the same industry.
TGS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.33% |
5.2 History
The dividend of TGS decreases each year by -11.71%.
Dividend Growth(5Y)-11.71%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
463.13% of the earnings are spent on dividend by TGS. This is not a sustainable payout ratio.
DP463.13%
EPS Next 2Y7.28%
EPS Next 3Y23.08%
OSL:TGS (10/23/2025, 11:37:44 AM)
89.575
+7.03 (+8.51%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners61.61%
Inst Owner ChangeN/A
Ins Owners0.95%
Ins Owner ChangeN/A
Market Cap17.61B
Revenue(TTM)1.77B
Net Income(TTM)24.99M
Analysts46.67
Price Target98.79 (10.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.33% |
Yearly Dividend5.62
Dividend Growth(5Y)-11.71%
DP463.13%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-179.26%
Min EPS beat(2)-286.02%
Max EPS beat(2)-72.5%
EPS beat(4)0
Avg EPS beat(4)-105.52%
Min EPS beat(4)-286.02%
Max EPS beat(4)-11.82%
EPS beat(8)1
Avg EPS beat(8)-202.48%
EPS beat(12)2
Avg EPS beat(12)-155.31%
EPS beat(16)3
Avg EPS beat(16)-213.04%
Revenue beat(2)1
Avg Revenue beat(2)-0.64%
Min Revenue beat(2)-19.07%
Max Revenue beat(2)17.79%
Revenue beat(4)2
Avg Revenue beat(4)0.34%
Min Revenue beat(4)-19.07%
Max Revenue beat(4)17.79%
Revenue beat(8)3
Avg Revenue beat(8)-1.84%
Revenue beat(12)4
Avg Revenue beat(12)-5.35%
Revenue beat(16)7
Avg Revenue beat(16)8.58%
PT rev (1m)-1.02%
PT rev (3m)-8.08%
EPS NQ rev (1m)600.6%
EPS NQ rev (3m)-89.86%
EPS NY rev (1m)-68.37%
EPS NY rev (3m)-91.98%
Revenue NQ rev (1m)6.42%
Revenue NQ rev (3m)-9.88%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-11.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 74.03 | ||
| Fwd PE | 14.9 | ||
| P/S | 0.99 | ||
| P/FCF | 5.14 | ||
| P/OCF | 1.98 | ||
| P/B | 0.89 | ||
| P/tB | 14.12 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.21
EY1.35%
EPS(NY)6.01
Fwd EY6.71%
FCF(TTM)17.43
FCFY19.46%
OCF(TTM)45.28
OCFY50.55%
SpS90.57
BVpS100.52
TBVpS6.34
PEG (NY)N/A
PEG (5Y)N/A
Graham Number52.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.65% | ||
| ROE | 1.27% | ||
| ROCE | 7.06% | ||
| ROIC | 5.43% | ||
| ROICexc | 5.78% | ||
| ROICexgc | 19.82% | ||
| OM | 11.02% | ||
| PM (TTM) | 1.41% | ||
| GM | 75.68% | ||
| FCFM | 19.25% |
ROA(3y)2.74%
ROA(5y)-0.96%
ROE(3y)4.45%
ROE(5y)-1.33%
ROIC(3y)5.85%
ROIC(5y)N/A
ROICexc(3y)6.57%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.72%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-35.15%
ROICexc growth 5Y-15.78%
OM growth 3Y-27.75%
OM growth 5Y-12.35%
PM growth 3YN/A
PM growth 5Y-18.03%
GM growth 3Y-8.24%
GM growth 5Y-5.38%
F-Score4
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 2.59 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 30.75% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 1364.89% | ||
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.64 | ||
| Altman-Z | 1.2 |
F-Score4
WACC8.44%
ROIC/WACC0.64
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)39.85%
Cap/Sales(5y)52.79%
Profit Quality(3y)338.92%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50%
EPS 3YN/A
EPS 5Y-22.33%
EPS Q2Q%-214.81%
EPS Next Y-82.52%
EPS Next 2Y7.28%
EPS Next 3Y23.08%
EPS Next 5YN/A
Revenue 1Y (TTM)123.96%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%48.99%
Revenue Next Year-2.71%
Revenue Next 2Y-0.28%
Revenue Next 3Y2.7%
Revenue Next 5YN/A
EBIT growth 1Y121.1%
EBIT growth 3Y-1.41%
EBIT growth 5Y3.1%
EBIT Next Year228.28%
EBIT Next 3Y55.93%
EBIT Next 5YN/A
FCF growth 1Y221.18%
FCF growth 3Y13.38%
FCF growth 5Y-1.21%
OCF growth 1Y124.14%
OCF growth 3Y25.56%
OCF growth 5Y2.32%