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TGS-NOPEC Geophysical

DB:TGC
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGC
DB
NOK17B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

TGS-NOPEC Geophysical Company ASA provides geoscientific data products and services to the oil and gas industry worldwide. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • TGS-NOPEC Geophysical has significant price volatility in the past 3 months.
TGC Share Price and Events
7 Day Returns
30.4%
DB:TGC
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-50.5%
DB:TGC
-57.2%
Europe Energy Services
-20.9%
DE Market
TGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TGS-NOPEC Geophysical (TGC) 30.4% -33.7% -56.6% -50.5% -41.2% -46.5%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • TGC outperformed the Energy Services industry which returned -57.2% over the past year.
  • TGC underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
TGC
Industry
5yr Volatility vs Market
Related Companies

TGC Value

 Is TGS-NOPEC Geophysical undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TGS-NOPEC Geophysical to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TGS-NOPEC Geophysical.

DB:TGC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TGC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 23%) (1.43%))
0.947
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.947 * 5.44%)
4.76%

Discounted Cash Flow Calculation for DB:TGC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TGS-NOPEC Geophysical is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TGC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 4.76%)
2020 142.00 Analyst x4 135.54
2021 194.60 Analyst x5 177.30
2022 183.50 Analyst x4 159.59
2023 179.91 Est @ -1.96% 149.35
2024 177.24 Est @ -1.49% 140.44
2025 175.19 Est @ -1.16% 132.51
2026 173.57 Est @ -0.93% 125.31
2027 172.24 Est @ -0.77% 118.69
2028 171.11 Est @ -0.65% 112.56
2029 170.13 Est @ -0.57% 106.82
Present value of next 10 years cash flows $1,358.00
DB:TGC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $170.13 × (1 + -0.39%) ÷ (4.76% – -0.39%)
$3,288.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,288.06 ÷ (1 + 4.76%)10
$2,064.53
DB:TGC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,358.00 + $2,064.53
$3,422.53
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,422.53 / 116.90
$29.28
DB:TGC Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:TGS)
10.534
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $29.28 x 10.534
NOK308.43
Non-primary Listing Adjustment Factor 1 share in DB:TGC represents 0.08478x of OB:TGS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08478x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 308.43 x 0.08478
€26.15
Value per share (EUR) From above. €26.15
Current discount Discount to share price of €12.00
= -1 x (€12.00 - €26.15) / €26.15
54.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TGS-NOPEC Geophysical is available for.
Intrinsic value
>50%
Share price is €12 vs Future cash flow value of €26.15
Current Discount Checks
For TGS-NOPEC Geophysical to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TGS-NOPEC Geophysical's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TGS-NOPEC Geophysical's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TGS-NOPEC Geophysical's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TGS-NOPEC Geophysical's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.92
OB:TGS Share Price ** OB (2020-04-06) in NOK NOK141.55
OB:TGS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $13.44
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TGS-NOPEC Geophysical.

DB:TGC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:TGS Share Price ÷ EPS (both in USD)

= 13.44 ÷ 0.92

14.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TGS-NOPEC Geophysical is overvalued based on earnings compared to the Europe Energy Services industry average.
  • TGS-NOPEC Geophysical is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does TGS-NOPEC Geophysical's expected growth come at a high price?
Raw Data
DB:TGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
24.1%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:TGC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.61x ÷ 24.1%

0.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TGS-NOPEC Geophysical is good value based on expected growth next year.
Price based on value of assets
What value do investors place on TGS-NOPEC Geophysical's assets?
Raw Data
DB:TGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $13.08
OB:TGS Share Price * OB (2020-04-06) in NOK NOK141.55
OB:TGS Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $13.44
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:TGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:TGS Share Price ÷ Book Value per Share (both in USD)

= 13.44 ÷ 13.08

1.03x

* Primary Listing of TGS-NOPEC Geophysical.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TGS-NOPEC Geophysical is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess TGS-NOPEC Geophysical's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. TGS-NOPEC Geophysical has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TGC Future Performance

 How is TGS-NOPEC Geophysical expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TGS-NOPEC Geophysical expected to grow at an attractive rate?
  • TGS-NOPEC Geophysical's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • TGS-NOPEC Geophysical's earnings growth is expected to exceed the Germany market average.
  • TGS-NOPEC Geophysical's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TGC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TGC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 24.1%
DB:TGC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 10.1%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TGC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 818 637 202 7
2021-12-31 805 648 196 10
2020-12-31 787 638 136 10
2020-04-06
DB:TGC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 586 561 99
2019-09-30 641 402 168
2019-06-30 612 428 161
2019-03-31 615 496 186
2018-12-31 614 390 179
2018-09-30 496 464 109
2018-06-30 505 454 85
2018-03-31 505 379 71
2017-12-31 492 461 76
2017-09-30 500 403 50
2017-06-30 472 408 43
2017-03-31 478 364 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TGS-NOPEC Geophysical's earnings are expected to grow significantly at over 20% yearly.
  • TGS-NOPEC Geophysical's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TGC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from TGS-NOPEC Geophysical Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TGC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.72 2.50 0.81 5.00
2021-12-31 1.66 3.17 0.03 8.00
2020-12-31 1.29 2.09 0.25 7.00
2020-04-06
DB:TGC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.92
2019-09-30 1.61
2019-06-30 1.43
2019-03-31 1.73
2018-12-31 1.75
2018-09-30 1.08
2018-06-30 0.83
2018-03-31 0.69
2017-12-31 0.74
2017-09-30 0.43
2017-06-30 0.45
2017-03-31 0.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TGS-NOPEC Geophysical is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TGS-NOPEC Geophysical's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TGS-NOPEC Geophysical has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TGC Past Performance

  How has TGS-NOPEC Geophysical performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TGS-NOPEC Geophysical's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TGS-NOPEC Geophysical's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • TGS-NOPEC Geophysical's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TGS-NOPEC Geophysical's 1-year earnings growth is negative, it can't be compared to the Europe Energy Services industry average.
Earnings and Revenue History
TGS-NOPEC Geophysical's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TGS-NOPEC Geophysical Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TGC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 585.61 99.45 86.35
2019-09-30 641.28 167.60 82.64
2019-06-30 612.08 160.55 68.74
2019-03-31 615.00 186.23 69.96
2018-12-31 614.24 178.80 70.32
2018-09-30 496.40 108.91 66.08
2018-06-30 505.20 85.15 64.11
2018-03-31 505.11 70.80 57.58
2017-12-31 492.18 75.59 54.54
2017-09-30 500.20 50.47 53.25
2017-06-30 471.71 42.78 52.31
2017-03-31 478.40 49.98 51.59
2016-12-31 455.99 28.22 52.42
2016-09-30 423.04 -123.21 51.76
2016-06-30 479.31 -84.89 54.34
2016-03-31 504.51 -77.23 61.24
2015-12-31 612.35 -28.37 65.03
2015-09-30 778.42 124.83 73.16
2015-06-30 799.07 139.45 80.03
2015-03-31 864.05 176.33 84.55
2014-12-31 914.79 215.68 93.01
2014-09-30 888.35 268.17 92.87
2014-06-30 889.36 269.99 92.39
2014-03-31 894.59 276.85 87.79
2013-12-31 883.44 269.18 85.28
2013-09-30 893.47 268.88 87.04
2013-06-30 947.10 285.67 90.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TGS-NOPEC Geophysical has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TGS-NOPEC Geophysical used its assets more efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • TGS-NOPEC Geophysical has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TGS-NOPEC Geophysical's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TGS-NOPEC Geophysical has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TGC Health

 How is TGS-NOPEC Geophysical's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TGS-NOPEC Geophysical's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TGS-NOPEC Geophysical is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TGS-NOPEC Geophysical's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TGS-NOPEC Geophysical's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 256.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TGS-NOPEC Geophysical Company Filings, last reported 3 months ago.

DB:TGC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,532.15 2.81 323.41
2019-09-30 1,520.01 2.86 265.46
2019-06-30 1,181.94 2.50 354.26
2019-03-31 1,228.43 2.50 389.96
2018-12-31 1,251.70 2.50 273.53
2018-09-30 1,134.64 2.50 322.15
2018-06-30 1,138.07 2.50 337.51
2018-03-31 1,123.97 2.50 301.70
2017-12-31 1,200.10 2.50 249.92
2017-09-30 1,157.14 2.50 204.99
2017-06-30 1,160.94 2.50 239.32
2017-03-31 1,162.42 2.50 248.09
2016-12-31 1,169.13 0.00 190.74
2016-09-30 1,155.00 0.00 173.24
2016-06-30 1,166.89 0.00 162.09
2016-03-31 1,163.09 0.00 209.58
2015-12-31 1,198.09 0.00 162.73
2015-09-30 1,318.64 0.00 191.46
2015-06-30 1,277.17 0.00 175.89
2015-03-31 1,365.00 0.00 351.77
2014-12-31 1,339.20 0.00 256.42
2014-09-30 1,318.25 0.00 264.28
2014-06-30 1,279.80 0.00 212.93
2014-03-31 1,356.55 0.00 369.61
2013-12-31 1,292.98 0.00 284.56
2013-09-30 1,216.26 4.29 191.18
2013-06-30 1,156.28 4.29 176.10
  • TGS-NOPEC Geophysical's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if TGS-NOPEC Geophysical's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (19958.9%, greater than 20% of total debt).
  • TGS-NOPEC Geophysical earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess TGS-NOPEC Geophysical's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TGS-NOPEC Geophysical has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TGC Dividends

 What is TGS-NOPEC Geophysical's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.16%
Current annual income from TGS-NOPEC Geophysical dividends. Estimated to be 9.83% next year.
If you bought €2,000 of TGS-NOPEC Geophysical shares you are expected to receive €223 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TGS-NOPEC Geophysical's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • TGS-NOPEC Geophysical's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TGC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TGC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.40 7.00
2021-12-31 1.33 10.00
2020-12-31 1.25 8.00
2020-04-06
DB:TGC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-12 1.500 10.210
2019-10-30 1.080 3.828
2019-07-25 1.080 4.329
2019-05-09 1.080 3.972
2019-04-15 1.080 4.064
2019-02-07 1.080 3.867
2018-08-02 0.800 2.497
2018-05-09 0.800 2.251
2018-04-05 0.800 2.671
2018-02-08 0.800 3.224
2017-08-03 0.600 2.578
2017-05-10 0.600 2.903
2017-02-02 0.600 2.727
2016-10-28 0.600 2.801
2016-08-04 0.600 3.258
2016-04-21 0.600 3.785
2016-02-02 0.600 4.025
2015-04-10 0.947 5.228
2015-02-05 1.019 4.593
2014-02-06 1.087 4.788
2013-03-19 1.271 4.471
2012-08-02 0.989 3.163
2012-05-03 0.979 3.774
2011-03-23 0.494 2.166
2010-04-28 0.345 2.054
2010-03-23 0.330 1.556
2010-02-11 0.345 1.656

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of TGS-NOPEC Geophysical's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess TGS-NOPEC Geophysical's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TGS-NOPEC Geophysical afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TGS-NOPEC Geophysical has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TGC Management

 What is the CEO of TGS-NOPEC Geophysical's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kristian Johansen
COMPENSATION $2,157,000
AGE 48
TENURE AS CEO 4.1 years
CEO Bio

Mr. Kristian Kuvaas Johansen has been the Chief Executive Officer of TGS-NOPEC Geophysical Company ASA since March 11, 2016 and has been its Interim Leader North & South America since January 13, 2017. Mr. Johansen served as Chief Operating Officer of TGS Nopec Geophysical Co. ASA from February 1, 2015 to March 11, 2016 and as its Interim Chief Financial Officer from May 2015 to September 2, 2015. Mr. Johansen served as Chief Financial Officer and Executive Vice President of AF Gruppen ASA until August 31, 2007. He served as Chief Financial Officer of EVRY ASA since September 1, 2007 and also served as its Executive Vice President. He also has executive experience from the IT-services and construction industries and he has been on the board of several publicly listed companies in Norway. He served as Chairman of Agrinos AS until June 29, 2015 and Director from November 2013 to June 29, 2015. He has been a Non-executive Director of Prosafe SE since March 24, 2017. He served as a Director of Sevan Drilling Limited from January 2012 to March 14, 2016. He served as a Director of Miratech. Mr. Johansen earned his undergraduate in business administration and MBA degree in Finance in the year 1994-1998 from the University of New Mexico.

CEO Compensation
  • Kristian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Kristian's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the TGS-NOPEC Geophysical management team in years:

1
Average Tenure
53
Average Age
  • The average tenure for the TGS-NOPEC Geophysical management team is less than 2 years, this suggests a new team.
Management Team

Kristian Johansen

TITLE
Chief Executive Officer
COMPENSATION
$2M
AGE
48
TENURE
4.1 yrs

Fredrik Amundsen

TITLE
Chief Financial Officer
COMPENSATION
$597K
TENURE
0.2 yrs

Tana Pool

TITLE
Executive VP of Legal & General Counsel
COMPENSATION
$615K
AGE
59
TENURE
7.3 yrs

Tanya Herwanger

TITLE
Executive Vice President of Staff & Support
COMPENSATION
$359K
TENURE
0.7 yrs

Will Ashby

TITLE
Executive Vice President of North America
COMPENSATION
$585K
TENURE
1.3 yrs

Katja Akentieva

TITLE
Executive Vice President of Onshore
COMPENSATION
$639K
TENURE
4 yrs

Sven Larsen

TITLE
Executive Vice President of Strategy and M&A
COMPENSATION
$835K
AGE
43
TENURE
0.3 yrs

Jan Schoolmeesters

TITLE
Executive Vice President of Operations
AGE
53
TENURE
0.7 yrs

Paul Young

TITLE
Managing Director of Asia Pacific
TENURE
8.8 yrs

Rune Eng

TITLE
Executive Vice President of International
AGE
58
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the TGS-NOPEC Geophysical board of directors in years:

5.9
Average Tenure
61.5
Average Age
  • The tenure for the TGS-NOPEC Geophysical board of directors is about average.
Board of Directors

Hank Hamilton

TITLE
Chairman of the Board
COMPENSATION
$200K
AGE
60
TENURE
10.8 yrs

Mark Leonard

TITLE
Independent Director
COMPENSATION
$88K
AGE
64
TENURE
11.3 yrs

Tor Lønnum

TITLE
Independent Director
COMPENSATION
$88K
AGE
52
TENURE
6.8 yrs

Vicki Messer

TITLE
Independent Director
COMPENSATION
$82K
AGE
70
TENURE
8.8 yrs

Wenche Agerup

TITLE
Independent Director
COMPENSATION
$82K
AGE
55
TENURE
4.9 yrs

Torstein Sanness

TITLE
Independent Director
COMPENSATION
$82K
AGE
72
TENURE
3.9 yrs

Chris Finlayson

TITLE
Independent Director
AGE
63
TENURE
0.9 yrs

Irene Egset

TITLE
Independent Director
AGE
52
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • TGS-NOPEC Geophysical individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Mar 20 Sell Rune Eng Individual 17. Mar 20 17. Mar 20 -100,000 €9.81 €-981,259
06. Mar 20 Buy Sven Larsen Individual 06. Mar 20 06. Mar 20 1,000 €18.15 €18,146
15. Aug 19 Buy Kristian Johansen Individual 15. Aug 19 15. Aug 19 7,000 €20.57 €143,985
29. Jul 19 Buy Kristian Johansen Individual 29. Jul 19 29. Jul 19 1,500 €22.61 €33,920
X
Management checks
We assess TGS-NOPEC Geophysical's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TGS-NOPEC Geophysical has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TGC News

Simply Wall St News

TGC Company Info

Description

TGS-NOPEC Geophysical Company ASA provides geoscientific data products and services to the oil and gas industry worldwide. The company offers geophysical multi-client data, including seismic data; and geophysical library, such as gravity, magnetic, seep, geothermal, controlled source electromagnetic, and multi-beam data. It also provides geological services comprising digital well logs; and interpretation services and other geoscientific data to support hydrocarbon exploration. In addition, the company offers imaging services, which include depth and time imaging; marine, land, and ocean bottom cables and nodes; anisotropic imaging; transition zone processing; multi component processing; shear wave; and 4D time-lapse, as well as wide azimuth data processing. Further, it provides data and analytics solutions; data integration products; and PRIMA, a multi-function exploration software suite. TGS-NOPEC Geophysical Company ASA has a strategic collaborations with Axxis Geo Solutions and Schlumberger Limited for Ocean Bottom Node Projects in North Sea. TGS-NOPEC Geophysical Company ASA was founded in 1981 and is headquartered in Asker, Norway.

Details
Name: TGS-NOPEC Geophysical Company ASA
TGC
Exchange: DB
Founded: 1981
NOK1,455,918,740
116,895,778
Website: http://www.tgs.com
Address: TGS-NOPEC Geophysical Company ASA
Lensmannslia 4,
Asker,
1386,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB TGS Ordinary Shares Oslo Bors NO NOK 24. Oct 1997
OTCPK TGSN.F Ordinary Shares Pink Sheets LLC US USD 24. Oct 1997
DB TGC Ordinary Shares Deutsche Boerse AG DE EUR 24. Oct 1997
LSE 0MSJ Ordinary Shares London Stock Exchange GB NOK 24. Oct 1997
BATS-CHIXE TGSO Ordinary Shares BATS 'Chi-X Europe' GB NOK 24. Oct 1997
OTCPK TGSG.Y SPONSORED ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
547
TGS-NOPEC Geophysical employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 21:50
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.