TGS NOPEC Geophysical Company ASA

Energy NO TGS

99.1NOK
-0.45(0.45%)

Last update at 2026-02-05T15:25:00Z

Day Range

98.45101.20

LowHigh

52 Week Range

66.93107.87

LowHigh

Fundamentals

Previous Close 99.55
Market Cap19469.05M
Volume192379
P/E Ratio34.05
Dividend Yield0.61%
EBITDA903.32M
Revenue TTM1745.37M
Revenue Per Share TTM9.78
Gross Profit TTM 1371.78M
Diluted EPS TTM2.91

Overview
Financials
Peer Comparison
Reports
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Profile

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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Income before tax	147.49M	51.88M	128.87M	-85.08700M	-260.92200M
Minority interest	-	0.00000M	-0.17100M	0.00000M	-0.00700M
Net income	94.22M	21.65M	87.80M	-75.98400M	-188.59800M
Selling general administrative	208.95M	131.04M	86.41M	54.87M	53.86M
Selling and marketing expenses	-	-	-	-	-
Gross profit	501.70M	576.88M	291.60M	313.53M	34.93M
Reconciled depreciation	498.62M	330.61M	406.82M	478.12M	484.55M
Ebit	304.11M	69.64M	134.15M	-82.61700M	-220.77100M
Ebitda	572.22M	400.26M	540.97M	395.50M	267.37M
Depreciation and amortization	268.11M	330.61M	406.82M	478.12M	488.14M
Non operating income net other	-	-	-	-	-
Operating income	195.54M	53.27M	132.03M	201.97M	-53.10100M
Other operating expenses	1122.64M	741.03M	565.29M	306.44M	378.25M
Interest expense	44.24M	10.58M	5.28M	2.47M	2.38M
Tax provision	53.27M	30.23M	40.90M	-9.10300M	-72.32400M
Interest income	40.72M	2.03M	1.67M	1.60M	0.85M
Net interest income	-35.79800M	-6.11700M	-6.11200M	-3.83700M	-2.04300M
Extraordinary items	-	-	-	-	-
Non recurring	-	-	-	-	-
Other items	-	-	-	-	-
Income tax expense	53.27M	30.23M	40.90M	-9.10300M	-72.32400M
Total revenue	1318.17M	794.30M	716.63M	518.69M	319.45M
Total operating expenses	306.17M	523.61M	140.25M	101.28M	93.73M
Cost of revenue	816.47M	217.42M	425.04M	205.16M	284.52M
Total other income expense net	-48.04700M	-1.39200M	-3.16900M	-12.75600M	5.53M
Discontinued operations	-	-	-	-	-
Net income from continuing ops	94.22M	21.65M	87.97M	-75.98400M	-188.59800M
Net income applicable to common shares	94.22M	21.65M	87.80M	-75.98500M	-167.49800M
Preferred stock and other adjustments	-	-	-	-	-

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Total assets	4037.78M	1956.41M	1838.90M	1629.83M	2015.41M
Intangible assets	1357.86M	826.10M	641.14M	730.35M	963.66M
Earning assets	-	-	-	-	-
Other current assets	192.85M	76.70M	79.81M	73.90M	91.52M
Total liab	1962.15M	680.84M	599.13M	514.50M	749.57M
Total stockholder equity	2075.16M	1275.11M	1235.91M	1115.34M	1265.85M
Deferred long term liab	-	-	-	-	-
Other current liab	736.67M	364.57M	234.27M	246.13M	569.95M
Common stock	5.94M	4.41M	4.26M	4.09M	4.08M
Capital stock	5.94M	4.41M	4.26M	4.09M	4.08M
Retained earnings	630.37M	624.59M	671.37M	671.39M	824.69M
Other liab	-	-	65.54M	34.77M	29.86M
Good will	560.07M	384.65M	384.65M	303.96M	288.38M
Other assets	275.17M	77.77M	88.53M	100.77M	92.61M
Cash	122.80M	195.26M	187.11M	213.83M	194.18M
Cash and equivalents	122.80M	195.26M	-0.00100M	-	-0.00100M
Total current liabilities	1264.97M	581.87M	504.99M	446.71M	675.16M
Current deferred revenue	-	-	-	-	496.38M
Net debt	697.58M	-62.39200M	-37.87200M	-129.83800M	-133.79600M
Short term debt	197.80M	91.54M	120.63M	50.97M	15.83M
Short long term debt	88.27M	47.66M	82.28M	40.19M	2.50M
Short long term debt total	820.38M	132.87M	149.24M	84.00M	60.38M
Other stockholder equity	1431.77M	646.11M	560.27M	462.09M	459.31M
Property plant equipment	1002.01M	210.41M	205.39M	56.55M	77.26M
Total current assets	829.00M	442.94M	513.81M	435.29M	578.02M
Long term investments	-	-	-	-	-
Net tangible assets	-	-	210.12M	81.03M	-2.66000M
Short term investments	-	1.48M	-	-4.39100M	-
Net receivables	513.35M	156.93M	240.32M	146.06M	277.48M
Long term debt	561.22M	0.00000M	-	-	0.00000M
Inventory	42.77M	12.56M	6.58M	0.00000M	-
Accounts payable	208.88M	47.39M	72.86M	71.67M	77.68M
Total permanent equity	-	-	-	-	-
Noncontrolling interest in consolidated entity	-	-	-	-	-
Temporary equity redeemable noncontrolling interests	-	-	-	-	-
Accumulated other comprehensive income	-	-	-	-	-124.71300M
Additional paid in capital	-	-	-	-	-
Common stock total equity	-	-	-	-	-
Preferred stock total equity	-	-	-	-	-
Retained earnings total equity	-	-	-	-	-
Treasury stock	-	-	-	-0.03800M	-0.00100M
Accumulated amortization	-	-	-	-	-
Non currrent assets other	32.82M	86.83M	11.71M	0.49M	19.47M
Deferred long term asset charges	-	-	-	-	-
Non current assets total	3208.78M	1513.48M	1325.09M	1194.53M	1437.39M
Capital lease obligations	170.89M	85.21M	66.96M	43.80M	57.88M
Long term debt total	622.57M	41.33M	28.61M	33.02M	44.55M

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Investments	-399.74900M	-416.46800M	-272.71800M	-200.84800M	-390.49300M
Change to liabilities	-	-	0.00000M	0.00000M	0.00000M
Total cashflows from investing activities	-399.74900M	-428.07900M	-272.71800M	-200.84800M	-390.49300M
Net borrowings	-11.97000M	-44.74800M	-20.59900M	-2.50000M	-2.50000M
Total cash from financing activities	-293.71000M	-152.00000M	-99.35800M	-90.07500M	-97.28000M
Change to operating activities	-	-	-132.03300M	-192.61900M	57.34M
Net income	147.49M	51.88M	128.87M	-85.08700M	-260.92200M
Change in cash	-73.94200M	8.29M	-26.87700M	19.61M	-127.69200M
Begin period cash flow	196.74M	188.45M	215.33M	195.72M	323.41M
End period cash flow	122.80M	196.74M	188.45M	215.33M	195.72M
Total cash from operating activities	628.72M	584.65M	343.15M	317.65M	354.73M
Issuance of capital stock	0.00000M	86.53M	0.00000M	-	0.00000M
Depreciation	498.62M	330.61M	406.82M	478.12M	484.55M
Other cashflows from investing activities	-382.66900M	-382.45900M	6.40M	2.52M	0.85M
Dividends paid	91.57M	70.61M	66.14M	65.52M	87.78M
Change to inventory	-	-	-	-	-
Change to account receivables	-75.03000M	74.26M	-45.46700M	131.42M	101.69M
Sale purchase of stock	-0.28700M	-54.38500M	-7.01500M	-15.68900M	-6.60100M
Other cashflows from financing activities	-189.88000M	-68.79000M	-26.20700M	-17.05700M	-2.89600M
Change to netincome	-	-	247.05M	262.47M	92.00M
Capital expenditures	435.48M	438.20M	224.55M	185.07M	391.35M
Change receivables	-	-	-	-	-
Cash flows other operating	-	-	-	-	-
Exchange rate changes	-	-	-	-	-
Cash and cash equivalents changes	-	-	-	-	-
Change in working capital	15.22M	234.36M	-177.50000M	-61.20100M	200.15M
Stock based compensation	-	-	-	-	-
Other non cash items	-32.62200M	-32.19300M	-15.03600M	-14.17800M	-69.04800M
Free cash flow	193.23M	146.45M	118.60M	132.58M	-36.61800M

Peer Comparison

Sector: Energy Industry: Oil & Gas Equipment & Services

Company	Change (NOK)	Price (NOK)	Trailing PE (x)	Forward PE (x)	Price Sales TTM (x)	Price to Book Value (x)	Enterprise Value to Revenue (x)	Enterprise Value to EBITDA (x)
TGS TGS NOPEC Geophysical Company ASA	-0.45 0.45%	99.10	34.05	20.12	11.15	1.01	1.54	2.64
SUBC Subsea 7 S.A.	-3.2 1.31%	241.80	26.17	14.51	10.24	1.76	1.15	6.60
AKSO Aker Solutions ASA	-0.26 0.74%	34.80	7.55	7.82	0.28	1.76	0.29	3.75
BWO BW Offshore Ltd	- -%	46.65	6.25	5.07	16.33	0.77	3.69	6.38
ENH SED Energy Holdings Plc	-0.18 2.13%	8.28	14.43	1.53	1.77	19.21	16.18	43.43

Reports Covered

View All

Profile

TGS ASA provides geoscience data services to the oil and gas industry in Norway and internationally. The company offers geophysical data, such as multi-client seismic data; geological data comprising well data products, and interpretive studies and services; and interpretation products and data integration solutions. It also provides imaging services, which include 2D and 3D seismic imaging solution in depth and time domains; marine, land, and ocean bottom nodes; and transition zone, multi component, and 4D time-lapse processing. The company was formerly known as TGS-NOPEC Geophysical Company ASA and changed its name to TGS ASA in June 2021. TGS ASA was founded in 1981 and is headquartered in Oslo, Norway.

TGS NOPEC Geophysical Company ASA

Askekroken 11, Oslo, Norway, 0277

47 22 55 04 00
https://www.tgs.com
Employees : 1841

Key Executives

Name	Title	Year Born
Mr. Kristian Kuvaas Johansen	Chief Executive Officer	1971
Mr. Sven Børre Larsen	Chief Financial Officer	1976
Mr. Wadii El Karkouri	Executive Vice President of Imaging & Technology	NA
Ms. Tana L. Pool J.D.	Executive VP of Legal & General Counsel	1960
Ms. Whitney Eaton J.D.	Executive Vice President of People & Communication	NA
Mr. David Hajovsky	Executive Vice President of Multi-Client	NA
Mr. Carel Hooijkaas	Executive Vice President of Marine Data Acquisition	NA
Mr. Bård Stenberg	VP of IR & Business Intelligence	NA
Mr. Will Ashby	Executive Vice President of Business Development	NA
Mr. Scott Michell	Senior VP of Imaging	NA

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