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 2,976 - -
Change - 49.61% 2.3% 14.68% -8.3% 65.91% - -
Enterprise Value (EV) 1 932.4 1,479 1,595 2,445 2,221 3,478 3,423 3,346
Change - 58.65% 7.8% 53.36% -9.17% 56.57% -1.58% -2.23%
P/E Ratio -20.9x 18.4x 76.7x 19.2x 101x 18.3x 13.6x 12.3x
PBR 1x 1.34x 1.34x 0.94x 0.91x 1.52x 1.48x 1.45x
PEG - -0x -1x 0x -1.2x 0x 0.4x 1.25x
Capitalization / Revenue 3.61x 2.33x 2.15x 1.48x 1.17x 2.04x 1.86x 1.77x
EV / Revenue 3.02x 2.06x 2.01x 1.86x 1.45x 2.38x 2.13x 1.99x
EV / EBITDA 4.76x 2.75x 4.15x 3.52x 2.48x 3.79x 3.36x 3.13x
EV / EBIT -5.77x 11.3x 29.9x 12.5x 12.2x 12.7x 10x 8.6x
EV / FCF 6.28x 21x 10.2x 10.7x 5.69x 24.5x 12.7x 9.26x
FCF Yield 15.9% 4.76% 9.83% 9.36% 17.6% 4.08% 7.85% 10.8%
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% 4.05% 4.94% 6.34%
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 15.15 15.15 15.15
Nbr of stocks (in thousands) 116,107 124,469 130,862 196,213 196,459 196,503 - -
Announcement Date 10/02/22 09/02/23 15/02/24 20/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.31x2.38x3.79x4.05% 2.98B
16.16x1.35x5.95x5.77% 10.91B
16.04x0.43x5.06x2.73% 7.34B
71.83x1.37x10.27x1.27% 4.58B
47.33x1.59x7.51x1.58% 2.3B
7.7x0.43x4.99x7.25% 2.26B
16.53x1.34x3.3x1.54% 987M
5.64x0.92x1.49x5.14% 881M
4.66x2.66x7.76x4.77% 546M
8.11x0.57x3.29x - 460M
Average 21.23x 1.30x 5.34x 3.79% 3.32B
Weighted average by Cap. 25.01x 1.20x 6.00x 3.95%

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

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