TGS NOPEC Geophysical Company ASA

OL:TGS Norway Oil & Gas Equipment & Services
Market Cap
$1.99 Billion
Nkr22.73 Billion NOK
Market Cap Rank
#5516 Global
#6 in Norway
Share Price
Nkr115.70
Change (1 day)
+0.00%
52-Week Range
Nkr70.05 - Nkr115.70
All Time High
Nkr266.25
Categories
Companies in Norway Oil & Gas Equipment & Services
About

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 solut… Read more

TGS NOPEC Geophysical Company ASA (TGS) - Net Assets

Latest net assets as of June 2025: Nkr1.97 Billion NOK

Based on the latest financial reports, TGS NOPEC Geophysical Company ASA (TGS) has net assets worth Nkr1.97 Billion NOK as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.87 Billion) and total liabilities (Nkr1.90 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets Nkr1.97 Billion
% of Total Assets 50.84%
Annual Growth Rate 4.02%
5-Year Change 63.97%
10-Year Change 73.25%
Growth Volatility 27.62

TGS NOPEC Geophysical Company ASA - Net Assets Trend (2000–2024)

This chart illustrates how TGS NOPEC Geophysical Company ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for TGS NOPEC Geophysical Company ASA (2000–2024)

The table below shows the annual net assets of TGS NOPEC Geophysical Company ASA from 2000 to 2024.

Year Net Assets Change
2024-12-31 Nkr2.08 Billion +62.78%
2023-12-31 Nkr1.28 Billion +2.85%
2022-12-31 Nkr1.24 Billion +11.16%
2021-12-31 Nkr1.12 Billion -11.89%
2020-12-31 Nkr1.27 Billion -18.11%
2019-12-31 Nkr1.55 Billion +23.50%
2018-12-31 Nkr1.25 Billion +4.30%
2017-12-31 Nkr1.20 Billion +2.65%
2016-12-31 Nkr1.17 Billion -2.42%
2015-12-31 Nkr1.20 Billion -10.54%
2014-12-31 Nkr1.34 Billion +3.57%
2013-12-31 Nkr1.29 Billion +10.67%
2012-12-31 Nkr1.17 Billion +20.08%
2011-12-31 Nkr973.02 Million +7.07%
2010-12-31 Nkr908.77 Million +8.21%
2009-12-31 Nkr839.86 Million +27.05%
2008-12-31 Nkr661.06 Million +16.42%
2007-12-31 Nkr567.83 Million +19.03%
2006-12-31 Nkr477.04 Million +48.72%
2005-12-31 Nkr320.77 Million +33.91%
2004-12-31 Nkr239.54 Million +22.27%
2003-12-31 Nkr195.91 Million +18.04%
2002-12-31 Nkr165.97 Million -85.93%
2001-12-31 Nkr1.18 Billion +46.32%
2000-12-31 Nkr806.29 Million --

Equity Component Analysis

This analysis shows how different components contribute to TGS NOPEC Geophysical Company ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 7.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings Nkr637.46 Million 30.72%
Common Stock Nkr5.94 Million 0.29%
Other Components Nkr1.43 Billion 69.00%
Total Equity Nkr2.08 Billion 100.00%

TGS NOPEC Geophysical Company ASA Competitors by Market Cap

The table below lists competitors of TGS NOPEC Geophysical Company ASA ranked by their market capitalization.

Company Market Cap
NCsoft Corp
KO:036570
 		$1.65 Billion
Sarepta Therapeutics Inc
NASDAQ:SRPT
 		$1.65 Billion
SJW Group Common Stock
NYSE:SJW
 		$1.65 Billion
China Tianying Inc
SHE:000035
 		$1.65 Billion
Stock Yards Bancorp Inc
NASDAQ:SYBT
 		$1.65 Billion
AUB Group Ltd
AU:AUB
 		$1.65 Billion
Vietnam JSCmmercial Bank for Industry and Trade
VN:CTG
 		$1.65 Billion
Charoen Pokphand Indonesia TBK PT
JK:CPIN
 		$1.65 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TGS NOPEC Geophysical Company ASA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,275,108,000 to 2,075,165,000, a change of 800,057,000 (62.7%).
  • Net income of 94,216,000 contributed positively to equity growth.
  • Dividend payments of 91,573,000 reduced retained earnings.
  • Share repurchases of 287,000 reduced equity.
  • Other factors increased equity by 797,701,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Nkr94.22 Million +4.54%
Dividends Paid Nkr91.57 Million -4.41%
Share Repurchases Nkr287.00K -0.01%
Other Changes Nkr797.70 Million +38.44%
Total Change Nkr- 62.74%

Book Value vs Market Value Analysis

This analysis compares TGS NOPEC Geophysical Company ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 10.94x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 73.89x to 10.94x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 Nkr1.57 Nkr115.70 x
2003-12-31 Nkr1.85 Nkr115.70 x
2004-12-31 Nkr0.56 Nkr115.70 x
2005-12-31 Nkr0.74 Nkr115.70 x
2006-12-31 Nkr4.38 Nkr115.70 x
2007-12-31 Nkr5.31 Nkr115.70 x
2008-12-31 Nkr6.37 Nkr115.70 x
2009-12-31 Nkr8.06 Nkr115.70 x
2010-12-31 Nkr8.70 Nkr115.70 x
2011-12-31 Nkr9.41 Nkr115.70 x
2012-12-31 Nkr11.34 Nkr115.70 x
2013-12-31 Nkr12.46 Nkr115.70 x
2014-12-31 Nkr12.97 Nkr115.70 x
2015-12-31 Nkr11.72 Nkr115.70 x
2016-12-31 Nkr11.47 Nkr115.70 x
2017-12-31 Nkr11.65 Nkr115.70 x
2018-12-31 Nkr12.10 Nkr115.70 x
2019-12-31 Nkr14.13 Nkr115.70 x
2020-12-31 Nkr10.71 Nkr115.70 x
2021-12-31 Nkr9.46 Nkr115.70 x
2022-12-31 Nkr10.39 Nkr115.70 x
2023-12-31 Nkr9.74 Nkr115.70 x
2024-12-31 Nkr10.58 Nkr115.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently TGS NOPEC Geophysical Company ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 4.54%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.15%
  • • Asset Turnover: 0.33x
  • • Equity Multiplier: 1.95x
  • Recent ROE (4.54%) is below the historical average (13.28%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 26.66% 27.78% 0.59x 1.62x Nkr134.29 Million
2001 28.98% 29.58% 0.61x 1.61x Nkr223.87 Million
2002 17.85% 23.81% 0.54x 1.38x Nkr13.03 Million
2003 14.49% 20.74% 0.55x 1.27x Nkr8.80 Million
2004 16.14% 22.52% 0.50x 1.44x Nkr14.70 Million
2005 20.31% 27.10% 0.52x 1.45x Nkr33.06 Million
2006 31.63% 38.12% 0.59x 1.42x Nkr103.19 Million
2007 23.78% 29.82% 0.53x 1.50x Nkr78.23 Million
2008 17.21% 20.11% 0.59x 1.44x Nkr47.69 Million
2009 19.35% 34.01% 0.42x 1.36x Nkr78.49 Million
2010 17.14% 27.41% 0.47x 1.34x Nkr64.91 Million
2011 17.54% 28.05% 0.46x 1.37x Nkr73.40 Million
2012 24.35% 30.51% 0.56x 1.42x Nkr167.64 Million
2013 20.82% 30.47% 0.51x 1.34x Nkr139.89 Million
2014 16.11% 23.58% 0.52x 1.32x Nkr81.81 Million
2015 -2.37% -4.63% 0.42x 1.22x Nkr-148.12 Million
2016 2.41% 6.19% 0.31x 1.26x Nkr-88.69 Million
2017 6.30% 15.36% 0.35x 1.19x Nkr-44.42 Million
2018 14.28% 29.11% 0.38x 1.30x Nkr53.63 Million
2019 7.32% 19.32% 0.27x 1.42x Nkr-41.47 Million
2020 -14.90% -59.04% 0.16x 1.59x Nkr-315.18 Million
2021 -6.81% -14.65% 0.32x 1.46x Nkr-187.52 Million
2022 7.10% 12.25% 0.39x 1.49x Nkr-35.79 Million
2023 1.70% 2.73% 0.41x 1.53x Nkr-105.86 Million
2024 4.54% 7.15% 0.33x 1.95x Nkr-113.30 Million

Industry Comparison

This section compares TGS NOPEC Geophysical Company ASA's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.

Industry Context

  • Industry: Oil & Gas Equipment & Services
  • Average net assets among peers: $1,061,531,200
  • Average return on equity (ROE) among peers: 10.74%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
TGS NOPEC Geophysical Company ASA (TGS) Nkr1.97 Billion 26.66% 0.97x $1.65 Billion
Aker Solutions ASA (AKSO) $7.91 Billion -19.47% 2.39x $1.29 Billion
Aquila Holdings ASA (AQUIL) $47.65 Million 2.93% 0.11x $9.46 Million
Argeo AS (ARGEO) $189.11 Million -40.34% 0.83x $1.05 Million
Eidesvik Offshore ASA (EIOF) $1.57 Billion 5.28% 0.87x $10.97 Million
Electromagnetic Geoservices ASA (EMGS) $15.97 Million 94.15% 5.61x $922.04K
SED Energy Holdings Plc (ENH) $28.35 Million -38.24% 1.47x $7.60K
Edda Wind ASA (EWIND) $183.68 Million 1.05% 0.91x $57.04 Million
MORELD AS (MORLD) $-20.54 Million 0.00% 0.00x $81.88 Million
Prosafe SE (PRS) $141.60 Million 100.64% 2.48x $50.77 Million
Petrolia SE (PSE) $554.19 Million 1.37% 2.14x $4.33 Million