TGS ASA
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 ASA (TGSNF) - Net Assets
Latest net assets as of June 2025: $1.97 Billion USD
Based on the latest financial reports, TGS ASA (TGSNF) has net assets worth $1.97 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.87 Billion) and total liabilities ($1.90 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 | $1.97 Billion |
| % of Total Assets | 50.85% |
| Annual Growth Rate | 12.17% |
| 5-Year Change | 63.97% |
| 10-Year Change | 73.25% |
| Growth Volatility | 18.55 |
TGS ASA - Net Assets Trend (2002–2024)
This chart illustrates how TGS 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 ASA (2002–2024)
The table below shows the annual net assets of TGS ASA from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.08 Billion | +63.20% |
| 2023-12-31 | $1.27 Billion | +2.58% |
| 2022-12-31 | $1.24 Billion | +11.16% |
| 2021-12-31 | $1.12 Billion | -11.89% |
| 2020-12-31 | $1.27 Billion | -18.11% |
| 2019-12-31 | $1.55 Billion | +23.50% |
| 2018-12-31 | $1.25 Billion | +4.30% |
| 2017-12-31 | $1.20 Billion | +2.65% |
| 2016-12-31 | $1.17 Billion | -2.42% |
| 2015-12-31 | $1.20 Billion | -10.54% |
| 2014-12-31 | $1.34 Billion | +3.57% |
| 2013-12-31 | $1.29 Billion | +10.67% |
| 2012-12-31 | $1.17 Billion | +20.08% |
| 2011-12-31 | $973.02 Million | +7.07% |
| 2010-12-31 | $908.77 Million | +8.21% |
| 2009-12-31 | $839.86 Million | +27.05% |
| 2008-12-31 | $661.06 Million | +16.42% |
| 2007-12-31 | $567.83 Million | +19.03% |
| 2006-12-31 | $477.04 Million | +48.72% |
| 2005-12-31 | $320.77 Million | +33.91% |
| 2004-12-31 | $239.54 Million | +22.27% |
| 2003-12-31 | $195.91 Million | +18.04% |
| 2002-12-31 | $165.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TGS 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 grown by 348.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $637.46 Million | 30.72% |
| Other Components | $1.44 Billion | 69.28% |
| Total Equity | $2.08 Billion | 100.00% |
TGS ASA Competitors by Market Cap
The table below lists competitors of TGS ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CGN MINING (VBO.SG)
STU:VBO
|
$1.58 Billion |
|
Deutz AG
XETRA:DEZ
|
$1.58 Billion |
|
Tasly Pharmaceutical Group Co Ltd
SHG:600535
|
$1.58 Billion |
|
Hillman Solutions Corp
NASDAQ:HLMN
|
$1.59 Billion |
|
Mercari Inc
PINK:MRCIF
|
$1.58 Billion |
|
GUARANTY TR.HLDG.GDR REGS
F:9JO
|
$1.58 Billion |
|
Thermon Group Holdings Inc
NYSE:THR
|
$1.58 Billion |
|
PNB Housing Finance Limited
NSE:PNBHOUSING
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TGS ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,271,328,385 to 2,075,165,000, a change of 803,836,615 (63.2%).
- Net income of 94,215,000 contributed positively to equity growth.
- Dividend payments of 91,573,000 reduced retained earnings.
- Share repurchases of 287,000 reduced equity.
- Other comprehensive income increased equity by 23,016,572.
- Other factors increased equity by 778,465,043.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $94.22 Million | +4.54% |
| Dividends Paid | $91.57 Million | -4.41% |
| Share Repurchases | $287.00K | -0.01% |
| Other Comprehensive Income | $23.02 Million | +1.11% |
| Other Changes | $778.47 Million | +37.51% |
| Total Change | $- | 63.23% |
Book Value vs Market Value Analysis
This analysis compares TGS 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: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.62x to 0.83x 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 | $1.57 | $8.80 | x |
| 2003-12-31 | $1.85 | $8.80 | x |
| 2004-12-31 | $0.56 | $8.80 | x |
| 2005-12-31 | $0.74 | $8.80 | x |
| 2006-12-31 | $4.38 | $8.80 | x |
| 2007-12-31 | $5.31 | $8.80 | x |
| 2008-12-31 | $6.37 | $8.80 | x |
| 2009-12-31 | $8.06 | $8.80 | x |
| 2010-12-31 | $8.70 | $8.80 | x |
| 2011-12-31 | $9.41 | $8.80 | x |
| 2012-12-31 | $11.34 | $8.80 | x |
| 2013-12-31 | $12.46 | $8.80 | x |
| 2014-12-31 | $12.97 | $8.80 | x |
| 2015-12-31 | $11.72 | $8.80 | x |
| 2016-12-31 | $11.47 | $8.80 | x |
| 2017-12-31 | $11.65 | $8.80 | x |
| 2018-12-31 | $12.10 | $8.80 | x |
| 2019-12-31 | $14.13 | $8.80 | x |
| 2020-12-31 | $10.81 | $8.80 | x |
| 2021-12-31 | $9.55 | $8.80 | x |
| 2022-12-31 | $10.39 | $8.80 | x |
| 2023-12-31 | $10.00 | $8.80 | x |
| 2024-12-31 | $10.58 | $8.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TGS 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 (12.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 17.85% | 23.81% | 0.54x | 1.38x | $13.03 Million |
| 2003 | 14.49% | 20.74% | 0.55x | 1.27x | $8.80 Million |
| 2004 | 16.14% | 22.52% | 0.50x | 1.44x | $14.70 Million |
| 2005 | 20.31% | 27.10% | 0.52x | 1.45x | $33.06 Million |
| 2006 | 31.63% | 38.12% | 0.59x | 1.42x | $103.19 Million |
| 2007 | 23.78% | 29.82% | 0.53x | 1.50x | $78.23 Million |
| 2008 | 17.21% | 20.11% | 0.59x | 1.44x | $47.69 Million |
| 2009 | 19.35% | 34.01% | 0.42x | 1.36x | $78.49 Million |
| 2010 | 17.14% | 27.41% | 0.47x | 1.34x | $64.91 Million |
| 2011 | 17.54% | 28.05% | 0.46x | 1.37x | $73.40 Million |
| 2012 | 24.35% | 30.51% | 0.56x | 1.42x | $167.64 Million |
| 2013 | 20.82% | 30.47% | 0.51x | 1.34x | $139.89 Million |
| 2014 | 16.11% | 23.58% | 0.52x | 1.32x | $81.81 Million |
| 2015 | -2.37% | -4.63% | 0.42x | 1.22x | $-148.12 Million |
| 2016 | 2.41% | 6.19% | 0.31x | 1.26x | $-88.69 Million |
| 2017 | 6.30% | 15.36% | 0.35x | 1.19x | $-44.42 Million |
| 2018 | 14.28% | 29.11% | 0.38x | 1.30x | $53.63 Million |
| 2019 | 7.32% | 19.32% | 0.27x | 1.42x | $-41.47 Million |
| 2020 | -14.90% | -59.04% | 0.16x | 1.59x | $-315.18 Million |
| 2021 | -6.81% | -14.65% | 0.32x | 1.46x | $-187.52 Million |
| 2022 | 7.10% | 12.25% | 0.39x | 1.49x | $-35.79 Million |
| 2023 | 1.70% | 2.63% | 0.42x | 1.53x | $-105.49 Million |
| 2024 | 4.54% | 7.15% | 0.33x | 1.95x | $-113.30 Million |
Industry Comparison
This section compares TGS 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: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TGS ASA (TGSNF) | $1.97 Billion | 17.85% | 0.97x | $1.58 Billion |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |