Company Valuation: TGS ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,115 1,668 1,706 1,956 1,794 2,600 - -
Change - 49.61% 2.3% 14.68% -8.3% 44.94% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,101 3,047 2,970
Change - 58.65% 7.8% 53.36% -9.17% 39.63% -1.77% -2.51%
P/E -20.9x 18.4x 76.7x 19.2x 101x 16x 11.8x 10.8x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.32x 1.29x 1.27x
PEG - -0x -1x 0x -1.2x 0x 0.3x 1.09x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 1.78x 1.62x 1.55x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.13x 1.9x 1.77x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.38x 2.99x 2.77x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 11.3x 8.92x 7.63x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 21.9x 11.3x 8.22x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 4.57% 8.82% 12.2%
Dividend per Share 2 0.56 0.56 0.56 0.56 0.62 0.6136 0.7486 0.96
Rate of return 5.83% 4.18% 4.3% 5.62% 6.79% 4.64% 5.66% 7.25%
EPS 2 -0.46 0.73 0.17 0.52 0.09 0.8271 1.117 1.227
Distribution rate -122% 76.7% 329% 108% 689% 74.2% 67% 78.2%
Net sales 1 308.9 716.6 794.3 1,318 1,527 1,459 1,604 1,680
EBITDA 1 196 538.9 383.9 694.2 896.2 917.3 1,020 1,070
EBIT 1 -161.6 130.7 53.3 195.5 182.4 274.8 341.5 389.1
Net income 1 -54.11 86.67 21.65 94.22 18.3 163.2 220 242.1
Net Debt 1 -182.3 -188.5 -111.5 488.9 427 501.1 446.3 369.9
Reference price 2 9.60 13.40 13.04 9.97 9.13 13.23 13.23 13.23
Nbr of stocks (in thousands) 116,107 124,469 130,862 196,213 196,459 196,503 - -
Announcement Date 2/10/22 A 2/9/23 A 2/15/24 A 2/20/25 A 2/12/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.35x1.19x5.25x6.5% 9.69B
14.66x0.36x4.26x2.99% 6.6B
67.87x1.32x9.93x1.31% 4.38B
50.41x1.69x7.98x1.48% 2.44B
7.61x0.43x4.97x6.97% 2.16B
15.57x1.26x3.12x1.73% 912M
5.19x0.82x1.33x5.59% 811M
6.04x1.81x4.14x3.03% 479M
4.08x2.47x7.21x5.45% 459M
Average 20.64x 1.26x 5.35x 3.89% 3.1B
Weighted average by Cap. 24.92x 1.02x 5.80x 4.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield