TENARIS SA (TEN.MI) Fundamental Analysis & Valuation

BIT:TEN • LU2598331598

Current stock price

27.23 EUR
+0.25 (+0.93%)
Last:

This TEN.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TEN.MI Profitability Analysis

1.1 Basic Checks

  • In the past year TEN was profitable.
  • In the past year TEN had a positive cash flow from operations.
  • Each year in the past 5 years TEN has been profitable.
  • Each year in the past 5 years TEN had a positive operating cash flow.
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 2025 0 1B 2B 3B 4B

1.2 Ratios

  • TEN's Return On Assets of 9.63% is amongst the best of the industry. TEN outperforms 82.86% of its industry peers.
  • TEN has a Return On Equity (11.64%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of TEN (10.43%) is better than 71.43% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TEN is above the industry average of 9.97%.
Industry RankSector Rank
ROA 9.63%
ROE 11.64%
ROIC 10.43%
ROA(3y)12.72%
ROA(5y)12.07%
ROE(3y)15.73%
ROE(5y)14.95%
ROIC(3y)13.59%
ROIC(5y)12.49%
TEN.MI Yearly ROA, ROE, ROICTEN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

1.3 Margins

  • With a decent Profit Margin value of 16.13%, TEN is doing good in the industry, outperforming 77.14% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TEN has declined.
  • Looking at the Operating Margin, with a value of 19.18%, TEN is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • TEN's Operating Margin has declined in the last couple of years.
  • TEN has a Gross Margin of 34.39%. This is in the better half of the industry: TEN outperforms 74.29% of its industry peers.
  • TEN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 19.18%
PM (TTM) 16.13%
GM 34.39%
OM growth 3Y-9.82%
OM growth 5YN/A
PM growth 3Y-9.42%
PM growth 5YN/A
GM growth 3Y-4.83%
GM growth 5Y10.81%
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 2025 0 10 -10 20 30 40

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10

2. TEN.MI Health Analysis

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 less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, TEN has less shares outstanding
  • Compared to 1 year ago, TEN has an improved debt to assets ratio.
TEN.MI Yearly Shares OutstandingTEN.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B 20B

2.2 Solvency

  • TEN has an Altman-Z score of 8.51. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 8.51, TEN belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
  • The Debt to FCF ratio of TEN is 0.23, which is an excellent value as it means it would take TEN, only 0.23 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of TEN (0.23) is better than 97.14% of its industry peers.
  • TEN has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
  • TEN has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. TEN outperforms 88.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.23
Altman-Z 8.51
ROIC/WACC1.39
WACC7.5%
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 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 3.87 indicates that TEN has no problem at all paying its short term obligations.
  • The Current ratio of TEN (3.87) is better than 88.57% of its industry peers.
  • TEN has a Quick Ratio of 2.33. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
  • TEN has a Quick ratio of 2.33. This is amongst the best in the industry. TEN outperforms 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 3.87
Quick Ratio 2.33
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 2025 2B 4B 6B 8B 10B

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4

3. TEN.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 2.79% over the past year.
  • TEN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.20% yearly.
  • The Revenue has decreased by -4.33% in the past year.
  • Measured over the past years, TEN shows a quite strong growth in Revenue. The Revenue has been growing by 18.41% on average per year.
EPS 1Y (TTM)2.79%
EPS 3Y-5.2%
EPS 5YN/A
EPS Q2Q%-6.38%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.08% on average over the next years.
  • The Revenue is expected to grow by 1.45% on average over the next years.
EPS Next Y1.81%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
EPS Next 5Y3.08%
Revenue Next Year1.02%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.45%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue 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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3

4. TEN.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • TEN is valuated rather expensively with a Price/Earnings ratio of 17.34.
  • Compared to the rest of the industry, the Price/Earnings ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 71.43% of the companies listed in the same industry.
  • TEN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.77, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 17.01, the valuation of TEN can be described as rather expensive.
  • TEN's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.75, TEN is valued a bit cheaper.
Industry RankSector Rank
PE 17.34
Fwd PE 17.01
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TEN is on the same level as its industry peers.
  • TEN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 17.23
EV/EBITDA 10.1
TEN.MI Per share dataTEN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • TEN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)9.57
PEG (5Y)N/A
EPS Next 2Y4.43%
EPS Next 3Y5.04%

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

6

5. TEN.MI Dividend Analysis

5.1 Amount

  • TEN has a Yearly Dividend Yield of 2.86%.
  • Compared to an average industry Dividend Yield of 2.77, TEN pays a bit more dividend than its industry peers.
  • TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.86%

5.2 History

  • The dividend of TEN is nicely growing with an annual growth rate of 65.12%!
Dividend Growth(5Y)65.12%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • TEN pays out 46.58% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • TEN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP46.58%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
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 2025 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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TEN.MI Fundamentals: All Metrics, Ratios and Statistics

TENARIS SA

BIT:TEN (4/30/2026, 7:00:00 PM)

27.23

+0.25 (+0.93%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners13.04%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap29.19B
Revenue(TTM)11.98B
Net Income(TTM)1.93B
Analysts72
Price Target23.69 (-13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.86%
Yearly Dividend0.73
Dividend Growth(5Y)65.12%
DP46.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.08%
Min EPS beat(2)-3.68%
Max EPS beat(2)7.83%
EPS beat(4)1
Avg EPS beat(4)-6.67%
Min EPS beat(4)-19.77%
Max EPS beat(4)7.83%
EPS beat(8)4
Avg EPS beat(8)2.34%
EPS beat(12)7
Avg EPS beat(12)8.5%
EPS beat(16)9
Avg EPS beat(16)8.91%
Revenue beat(2)2
Avg Revenue beat(2)1.81%
Min Revenue beat(2)0.24%
Max Revenue beat(2)3.37%
Revenue beat(4)3
Avg Revenue beat(4)1.15%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)3.37%
Revenue beat(8)6
Avg Revenue beat(8)1.82%
Revenue beat(12)10
Avg Revenue beat(12)2.81%
Revenue beat(16)14
Avg Revenue beat(16)2.46%
PT rev (1m)8.66%
PT rev (3m)24.75%
EPS NQ rev (1m)-2.12%
EPS NQ rev (3m)10.12%
EPS NY rev (1m)3.36%
EPS NY rev (3m)0.2%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)2.38%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.74%
Valuation
Industry RankSector Rank
PE 17.34
Fwd PE 17.01
P/S 2.85
P/FCF 17.23
P/OCF 13.14
P/B 2.06
P/tB 2.24
EV/EBITDA 10.1
EPS(TTM)1.57
EY5.77%
EPS(NY)1.6
Fwd EY5.88%
FCF(TTM)1.58
FCFY5.8%
OCF(TTM)2.07
OCFY7.61%
SpS9.55
BVpS13.23
TBVpS12.15
PEG (NY)9.57
PEG (5Y)N/A
Graham Number21.6202 (-20.6%)
Profitability
Industry RankSector Rank
ROA 9.63%
ROE 11.64%
ROCE 12.96%
ROIC 10.43%
ROICexc 12.46%
ROICexgc 13.71%
OM 19.18%
PM (TTM) 16.13%
GM 34.39%
FCFM 16.55%
ROA(3y)12.72%
ROA(5y)12.07%
ROE(3y)15.73%
ROE(5y)14.95%
ROIC(3y)13.59%
ROIC(5y)12.49%
ROICexc(3y)16.6%
ROICexc(5y)14.74%
ROICexgc(3y)18.3%
ROICexgc(5y)16.32%
ROCE(3y)16.89%
ROCE(5y)15.52%
ROICexgc growth 3Y-12.98%
ROICexgc growth 5YN/A
ROICexc growth 3Y-12.68%
ROICexc growth 5YN/A
OM growth 3Y-9.82%
OM growth 5YN/A
PM growth 3Y-9.42%
PM growth 5YN/A
GM growth 3Y-4.83%
GM growth 5Y10.81%
F-Score6
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.23
Debt/EBITDA 0.03
Cap/Depr 100.16%
Cap/Sales 5.15%
Interest Coverage 92.8
Cash Conversion 89.22%
Profit Quality 102.57%
Current Ratio 3.87
Quick Ratio 2.33
Altman-Z 8.51
F-Score6
WACC7.5%
ROIC/WACC1.39
Cap/Depr(3y)108.13%
Cap/Depr(5y)86.18%
Cap/Sales(3y)4.98%
Cap/Sales(5y)4.41%
Profit Quality(3y)101.7%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.79%
EPS 3Y-5.2%
EPS 5YN/A
EPS Q2Q%-6.38%
EPS Next Y1.81%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
EPS Next 5Y3.08%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%
Revenue Next Year1.02%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.45%
EBIT growth 1Y-2.95%
EBIT growth 3Y-9.27%
EBIT growth 5YN/A
EBIT Next Year27.78%
EBIT Next 3Y11.15%
EBIT Next 5Y5.43%
FCF growth 1Y-8.3%
FCF growth 3Y37.06%
FCF growth 5Y8.37%
OCF growth 1Y-9.3%
OCF growth 3Y30.59%
OCF growth 5Y11.32%

TENARIS SA / TEN.MI Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 6 / 10 to TEN.MI.


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

ChartMill assigns a valuation rating of 3 / 10 to TENARIS SA (TEN.MI). This can be considered as Overvalued.


Can you provide the profitability details for TENARIS SA?

TENARIS SA (TEN.MI) has a profitability rating of 6 / 10.


What is the financial health of TENARIS SA (TEN.MI) stock?

The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.


What is the earnings growth outlook for TENARIS SA?

The Earnings per Share (EPS) of TENARIS SA (TEN.MI) is expected to grow by 1.81% in the next year.