TGS ASA (TGS.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:TGS - NO0003078800 - Common Stock
96.9 NOK
-2.8 (-2.81%)
Overall TGS gets a fundamental rating of 3 out of 10. We evaluated TGS against 38 industry peers in the Energy Equipment & Services industry. TGS has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, TGS is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- In the past year TGS was profitable.
- In the past year TGS had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: TGS reported negative net income in multiple years.
- Each year in the past 5 years TGS had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 1.29%, TGS is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
- The Return On Equity of TGS (2.48%) is worse than 76.32% of its industry peers.
- The Return On Invested Capital of TGS (6.91%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for TGS is below the industry average of 10.43%.
- The 3 year average ROIC (5.85%) for TGS is below the current ROIC(6.91%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 2.48% | ||
| ROIC | 6.91% |
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
- TGS has a Profit Margin of 2.84%. This is in the lower half of the industry: TGS underperforms 71.05% of its industry peers.
- TGS's Profit Margin has declined in the last couple of years.
- TGS's Operating Margin of 14.42% is in line compared to the rest of the industry. TGS outperforms 52.63% of its industry peers.
- In the last couple of years the Operating Margin of TGS has declined.
- TGS has a better Gross Margin (78.59%) than 92.11% of its industry peers.
- In the last couple of years the Gross Margin of TGS has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.42% | ||
| PM (TTM) | 2.84% | ||
| GM | 78.59% |
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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TGS is destroying value.
- The number of shares outstanding for TGS has been increased compared to 1 year ago.
- Compared to 5 years ago, TGS has more shares outstanding
- Compared to 1 year ago, TGS has a worse debt to assets ratio.
2.2 Solvency
- TGS has an Altman-Z score of 1.38. This is a bad value and indicates that TGS is not financially healthy and even has some risk of bankruptcy.
- TGS's Altman-Z score of 1.38 is in line compared to the rest of the industry. TGS outperforms 57.89% of its industry peers.
- The Debt to FCF ratio of TGS is 2.37, which is a good value as it means it would take TGS, 2.37 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of TGS (2.37) is better than 76.32% of its industry peers.
- TGS has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of TGS (0.37) is better than 63.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Altman-Z | 1.38 |
ROIC/WACC0.82
WACC8.46%
2.3 Liquidity
- TGS has a Current Ratio of 0.68. This is a bad value and indicates that TGS is not financially healthy enough and could expect problems in meeting its short term obligations.
- TGS has a Current ratio of 0.68. This is amonst the worse of the industry: TGS underperforms 92.11% of its industry peers.
- TGS has a Quick Ratio of 0.68. This is a bad value and indicates that TGS is not financially healthy enough and could expect problems in meeting its short term obligations.
- TGS has a worse Quick ratio (0.68) than 92.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
- TGS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.11%.
- TGS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.33% yearly.
- TGS shows a strong growth in Revenue. In the last year, the Revenue has grown by 71.64%.
- TGS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.62% yearly.
EPS 1Y (TTM)-11.11%
EPS 3YN/A
EPS 5Y-22.33%
EPS Q2Q%63.16%
Revenue 1Y (TTM)71.64%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%-5.92%
3.2 Future
- Based on estimates for the next years, TGS will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.73% on average per year.
- The Revenue is expected to decrease by -0.27% on average over the next years.
EPS Next Y-57.27%
EPS Next 2Y0.26%
EPS Next 3Y14.73%
EPS Next 5YN/A
Revenue Next Year-1.01%
Revenue Next 2Y-3.27%
Revenue Next 3Y0.5%
Revenue Next 5Y-0.27%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- TGS is valuated quite expensively with a Price/Earnings ratio of 40.04.
- TGS's Price/Earnings ratio is a bit more expensive when compared to the industry. TGS is more expensive than 73.68% of the companies in the same industry.
- TGS's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.38.
- The Price/Forward Earnings ratio is 18.38, which indicates a rather expensive current valuation of TGS.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TGS indicates a slightly more expensive valuation: TGS is more expensive than 73.68% of the companies listed in the same industry.
- TGS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.04 | ||
| Fwd PE | 18.38 |
4.2 Price Multiples
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGS indicates a somewhat cheap valuation: TGS is cheaper than 78.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.17 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- TGS's earnings are expected to grow with 14.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.26%
EPS Next 3Y14.73%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.60%, TGS is a good candidate for dividend investing.
- TGS's Dividend Yield is a higher than the industry average which is at 3.61.
- Compared to an average S&P500 Dividend Yield of 1.84, TGS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
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
- 239.94% of the earnings are spent on dividend by TGS. This is not a sustainable payout ratio.
DP239.94%
EPS Next 2Y0.26%
EPS Next 3Y14.73%
OSL:TGS (1/19/2026, 7:00:00 PM)
96.9
-2.8 (-2.81%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-23 2025-10-23/bmo
Earnings (Next)02-12 2026-02-12
Inst Owners64.17%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap19.05B
Revenue(TTM)1.75B
Net Income(TTM)49.50M
Analysts49.23
Price Target103.46 (6.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.6% |
Yearly Dividend5.65
Dividend Growth(5Y)-11.71%
DP239.94%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-92.38%
Min EPS beat(2)-286.02%
Max EPS beat(2)101.27%
EPS beat(4)1
Avg EPS beat(4)-77.25%
Min EPS beat(4)-286.02%
Max EPS beat(4)101.27%
EPS beat(8)2
Avg EPS beat(8)-184.52%
EPS beat(12)3
Avg EPS beat(12)-141.9%
EPS beat(16)4
Avg EPS beat(16)-125.7%
Revenue beat(2)1
Avg Revenue beat(2)-5.34%
Min Revenue beat(2)-19.07%
Max Revenue beat(2)8.4%
Revenue beat(4)3
Avg Revenue beat(4)2.67%
Min Revenue beat(4)-19.07%
Max Revenue beat(4)17.79%
Revenue beat(8)4
Avg Revenue beat(8)0.82%
Revenue beat(12)4
Avg Revenue beat(12)-4.68%
Revenue beat(16)7
Avg Revenue beat(16)1.47%
PT rev (1m)0.71%
PT rev (3m)4.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.92%
EPS NY rev (1m)0%
EPS NY rev (3m)144.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.95%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.04 | ||
| Fwd PE | 18.38 | ||
| P/S | 1.08 | ||
| P/FCF | 5.17 | ||
| P/OCF | 2.19 | ||
| P/B | 0.94 | ||
| P/tB | 10.83 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.42
EY2.5%
EPS(NY)5.27
Fwd EY5.44%
FCF(TTM)18.76
FCFY19.36%
OCF(TTM)44.27
OCFY45.69%
SpS89.53
BVpS102.56
TBVpS8.95
PEG (NY)N/A
PEG (5Y)N/A
Graham Number74.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.29% | ||
| ROE | 2.48% | ||
| ROCE | 8.97% | ||
| ROIC | 6.91% | ||
| ROICexc | 7.47% | ||
| ROICexgc | 25.25% | ||
| OM | 14.42% | ||
| PM (TTM) | 2.84% | ||
| GM | 78.59% | ||
| FCFM | 20.95% |
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-Score6
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.37 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 28.5% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 738.73% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 1.38 |
F-Score6
WACC8.46%
ROIC/WACC0.82
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)-11.11%
EPS 3YN/A
EPS 5Y-22.33%
EPS Q2Q%63.16%
EPS Next Y-57.27%
EPS Next 2Y0.26%
EPS Next 3Y14.73%
EPS Next 5YN/A
Revenue 1Y (TTM)71.64%
Revenue growth 3Y36.47%
Revenue growth 5Y17.62%
Sales Q2Q%-5.92%
Revenue Next Year-1.01%
Revenue Next 2Y-3.27%
Revenue Next 3Y0.5%
Revenue Next 5Y-0.27%
EBIT growth 1Y112.02%
EBIT growth 3Y-1.41%
EBIT growth 5Y3.1%
EBIT Next Year255.46%
EBIT Next 3Y53.73%
EBIT Next 5Y38%
FCF growth 1Y153.59%
FCF growth 3Y13.38%
FCF growth 5Y-1.21%
OCF growth 1Y55.12%
OCF growth 3Y25.56%
OCF growth 5Y2.32%
TGS ASA / TGS.OL FAQ
What is the fundamental rating for TGS stock?
ChartMill assigns a fundamental rating of 3 / 10 to TGS.OL.
What is the valuation status of TGS ASA (TGS.OL) stock?
ChartMill assigns a valuation rating of 2 / 10 to TGS ASA (TGS.OL). This can be considered as Overvalued.
Can you provide the profitability details for TGS ASA?
TGS ASA (TGS.OL) has a profitability rating of 3 / 10.
What is the valuation of TGS ASA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TGS ASA (TGS.OL) is 40.04 and the Price/Book (PB) ratio is 0.94.
Can you provide the dividend sustainability for TGS stock?
The dividend rating of TGS ASA (TGS.OL) is 4 / 10 and the dividend payout ratio is 239.94%.