TENARIS SA (TEN.MI) Stock Fundamental Analysis

BIT:TEN • LU2598331598

23.03 EUR
+0.11 (+0.48%)
Last: Feb 25, 2026, 03:06 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

TEN gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 36 industry peers in the Energy Equipment & Services industry. TEN gets an excellent profitability rating and is at the same time showing great financial health properties. TEN has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • TEN had positive earnings in the past year.
  • TEN had a positive operating cash flow in the past year.
  • TEN had positive earnings in 4 of the past 5 years.
  • TEN had a positive operating cash flow in 4 of the past 5 years.
TEN.MI Yearly Net Income VS EBIT VS OCF VS FCFTEN.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

1.2 Ratios

  • TEN's Return On Assets of 9.77% is amongst the best of the industry. TEN outperforms 80.56% of its industry peers.
  • TEN's Return On Equity of 11.74% is fine compared to the rest of the industry. TEN outperforms 66.67% of its industry peers.
  • TEN has a better Return On Invested Capital (10.23%) than 75.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TEN is significantly above the industry average of 10.18%.
  • The last Return On Invested Capital (10.23%) for TEN is well below the 3 year average (16.25%), which needs to be investigated, but indicates that TEN had better years and this may not be a problem.
Industry RankSector Rank
ROA 9.77%
ROE 11.74%
ROIC 10.23%
ROA(3y)14.36%
ROA(5y)9.22%
ROE(3y)17.97%
ROE(5y)11.49%
ROIC(3y)16.25%
ROIC(5y)N/A
TEN.MI Yearly ROA, ROE, ROICTEN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15 20

1.3 Margins

  • With an excellent Profit Margin value of 16.91%, TEN belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TEN has grown nicely.
  • TEN has a Operating Margin of 18.86%. This is in the better half of the industry: TEN outperforms 72.22% of its industry peers.
  • TEN's Operating Margin has improved in the last couple of years.
  • TEN has a Gross Margin of 34.05%. This is in the better half of the industry: TEN outperforms 72.22% of its industry peers.
  • In the last couple of years the Gross Margin of TEN has grown nicely.
Industry RankSector Rank
OM 18.86%
PM (TTM) 16.91%
GM 34.05%
OM growth 3Y18.67%
OM growth 5Y12.05%
PM growth 3Y-1.22%
PM growth 5Y9.81%
GM growth 3Y5.93%
GM growth 5Y3.17%
TEN.MI Yearly Profit, Operating, Gross MarginsTEN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TEN is creating value.
  • TEN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TEN.MI Yearly Shares OutstandingTEN.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
TEN.MI Yearly Total Debt VS Total AssetsTEN.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • TEN has an Altman-Z score of 4.94. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
  • TEN has a better Altman-Z score (4.94) than 94.44% of its industry peers.
  • TEN has a debt to FCF ratio of 0.29. This is a very positive value and a sign of high solvency as it would only need 0.29 years to pay back of all of its debts.
  • TEN has a Debt to FCF ratio of 0.29. This is amongst the best in the industry. TEN outperforms 94.44% of its industry peers.
  • A Debt/Equity ratio of 0.01 indicates that TEN is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.01, TEN belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 4.94
ROIC/WACC1.33
WACC7.7%
TEN.MI Yearly LT Debt VS Equity VS FCFTEN.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 4.08 indicates that TEN has no problem at all paying its short term obligations.
  • The Current ratio of TEN (4.08) is better than 88.89% of its industry peers.
  • TEN has a Quick Ratio of 2.55. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 2.55, TEN belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.08
Quick Ratio 2.55
TEN.MI Yearly Current Assets VS Current LiabilitesTEN.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 26.82% over the past year.
  • The Earnings Per Share has been growing slightly by 1.67% on average over the past years.
EPS 1Y (TTM)26.82%
EPS 3Y1.67%
EPS 5YN/A
EPS Q2Q%85.11%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.27%

3.2 Future

  • TEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -5.43% yearly.
  • The Revenue is expected to grow by 2.71% on average over the next years.
EPS Next Y-17.64%
EPS Next 2Y-6.39%
EPS Next 3Y-5.06%
EPS Next 5Y-5.43%
Revenue Next Year0.38%
Revenue Next 2Y1.61%
Revenue Next 3Y1.37%
Revenue Next 5Y2.71%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
TEN.MI Yearly Revenue VS EstimatesTEN.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B
TEN.MI Yearly EPS VS EstimatesTEN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • TEN is valuated reasonably with a Price/Earnings ratio of 11.93.
  • Compared to the rest of the industry, the Price/Earnings ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 72.22% of the companies listed in the same industry.
  • TEN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.98.
  • The Price/Forward Earnings ratio is 14.51, which indicates a correct valuation of TEN.
  • The rest of the industry has a similar Price/Forward Earnings ratio as TEN.
  • TEN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.93
Fwd PE 14.51
TEN.MI Price Earnings VS Forward Price EarningsTEN.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaper than 86.11% of the companies in the same industry.
  • TEN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TEN is cheaper than 72.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.39
EV/EBITDA 3.04
TEN.MI Per share dataTEN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • TEN has an outstanding profitability rating, which may justify a higher PE ratio.
  • TEN's earnings are expected to decrease with -5.06% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.39%
EPS Next 3Y-5.06%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • TEN has a Yearly Dividend Yield of 3.05%.
  • Compared to an average industry Dividend Yield of 3.18, TEN pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, TEN pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.05%

5.2 History

  • The dividend of TEN is nicely growing with an annual growth rate of 10.42%!
Dividend Growth(5Y)10.42%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 44.97% of the earnings are spent on dividend by TEN. This is a bit on the high side, but may be sustainable.
DP44.97%
EPS Next 2Y-6.39%
EPS Next 3Y-5.06%
TEN.MI Yearly Income VS Free CF VS DividendTEN.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
TEN.MI Dividend Payout.TEN.MI Dividend Payout, showing the Payout Ratio.TEN.MI Dividend Payout.PayoutRetained Earnings

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TENARIS SA

BIT:TEN (2/25/2026, 3:06:52 PM)

23.03

+0.11 (+0.48%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners13.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap11.63B
Revenue(TTM)N/A
Net Income(TTM)2.00B
Analysts76
Price Target19.07 (-17.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.05%
Yearly Dividend0.57
Dividend Growth(5Y)10.42%
DP44.97%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.37%
Min EPS beat(2)-11.07%
Max EPS beat(2)-3.68%
EPS beat(4)1
Avg EPS beat(4)2.73%
Min EPS beat(4)-19.77%
Max EPS beat(4)45.42%
EPS beat(8)4
Avg EPS beat(8)10.86%
EPS beat(12)6
Avg EPS beat(12)7.64%
EPS beat(16)9
Avg EPS beat(16)9.55%
Revenue beat(2)2
Avg Revenue beat(2)2.76%
Min Revenue beat(2)2.14%
Max Revenue beat(2)3.37%
Revenue beat(4)3
Avg Revenue beat(4)2.06%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)3.88%
Revenue beat(8)6
Avg Revenue beat(8)2.83%
Revenue beat(12)10
Avg Revenue beat(12)2.95%
Revenue beat(16)14
Avg Revenue beat(16)2.58%
PT rev (1m)0.42%
PT rev (3m)1.76%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)-5.31%
EPS NY rev (1m)0%
EPS NY rev (3m)0.97%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-0.6%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.03%
Valuation
Industry RankSector Rank
PE 11.93
Fwd PE 14.51
P/S 1.16
P/FCF 8.39
P/OCF 5.94
P/B 0.8
P/tB 0.87
EV/EBITDA 3.04
EPS(TTM)1.93
EY8.38%
EPS(NY)1.59
Fwd EY6.89%
FCF(TTM)2.75
FCFY11.92%
OCF(TTM)3.88
OCFY16.83%
SpS19.9
BVpS28.66
TBVpS26.38
PEG (NY)N/A
PEG (5Y)N/A
Graham Number35.28
Profitability
Industry RankSector Rank
ROA 9.77%
ROE 11.74%
ROCE 12.28%
ROIC 10.23%
ROICexc 12.25%
ROICexgc 13.45%
OM 18.86%
PM (TTM) 16.91%
GM 34.05%
FCFM 13.8%
ROA(3y)14.36%
ROA(5y)9.22%
ROE(3y)17.97%
ROE(5y)11.49%
ROIC(3y)16.25%
ROIC(5y)N/A
ROICexc(3y)19.35%
ROICexc(5y)N/A
ROICexgc(3y)21.4%
ROICexgc(5y)N/A
ROCE(3y)19.51%
ROCE(5y)N/A
ROICexgc growth 3Y37.2%
ROICexgc growth 5Y17.07%
ROICexc growth 3Y38.27%
ROICexc growth 5Y18.31%
OM growth 3Y18.67%
OM growth 5Y12.05%
PM growth 3Y-1.22%
PM growth 5Y9.81%
GM growth 3Y5.93%
GM growth 5Y3.17%
F-Score6
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Debt/EBITDA 0.03
Cap/Depr 108.27%
Cap/Sales 5.68%
Interest Coverage 250
Cash Conversion 80.79%
Profit Quality 81.61%
Current Ratio 4.08
Quick Ratio 2.55
Altman-Z 4.94
F-Score6
WACC7.7%
ROIC/WACC1.33
Cap/Depr(3y)96.54%
Cap/Depr(5y)71.87%
Cap/Sales(3y)4.39%
Cap/Sales(5y)4.14%
Profit Quality(3y)77.56%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.82%
EPS 3Y1.67%
EPS 5YN/A
EPS Q2Q%85.11%
EPS Next Y-17.64%
EPS Next 2Y-6.39%
EPS Next 3Y-5.06%
EPS Next 5Y-5.43%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.27%
Revenue Next Year0.38%
Revenue Next 2Y1.61%
Revenue Next 3Y1.37%
Revenue Next 5Y2.71%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year18.88%
EBIT Next 3Y5.97%
EBIT Next 5Y2.26%
FCF growth 1Y-53.5%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y-43.56%
OCF growth 3Y188.73%
OCF growth 5Y13.41%

TENARIS SA / TEN.MI FAQ

What is the ChartMill fundamental rating of TENARIS SA (TEN.MI) stock?

ChartMill assigns a fundamental rating of 7 / 10 to TEN.MI.


What is the valuation status of TENARIS SA (TEN.MI) stock?

ChartMill assigns a valuation rating of 6 / 10 to TENARIS SA (TEN.MI). This can be considered as Fairly Valued.


How profitable is TENARIS SA (TEN.MI) stock?

TENARIS SA (TEN.MI) has a profitability rating of 8 / 10.


What are the PE and PB ratios of TENARIS SA (TEN.MI) stock?

The Price/Earnings (PE) ratio for TENARIS SA (TEN.MI) is 11.93 and the Price/Book (PB) ratio is 0.8.


Can you provide the dividend sustainability for TEN stock?

The dividend rating of TENARIS SA (TEN.MI) is 6 / 10 and the dividend payout ratio is 44.97%.