TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:TEN - LU2598331598 - Common Stock
17.175 EUR
-0.25 (-1.41%)
We assign a fundamental rating of 7 out of 10 to TEN. TEN was compared to 37 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 on the other hand it scores bad on growth. TEN also has an excellent dividend rating. This makes TEN very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
In the past year TEN was profitable.
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 each of the past 5 years.
1.2 Ratios
TEN's Return On Assets of 9.77% is amongst the best of the industry. TEN outperforms 83.78% of its industry peers.
TEN's Return On Equity of 11.74% is fine compared to the rest of the industry. TEN outperforms 62.16% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.23%, TEN is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TEN is significantly above the industry average of 11.08%.
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 Rank | Sector 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
1.3 Margins
TEN has a better Profit Margin (16.91%) than 86.49% of its industry peers.
In the last couple of years the Profit Margin of TEN has grown nicely.
The Operating Margin of TEN (18.86%) is better than 67.57% of its industry peers.
In the last couple of years the Operating Margin of TEN has grown nicely.
The Gross Margin of TEN (34.05%) is better than 72.97% of its industry peers.
TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TEN is creating value.
TEN has less shares outstanding than it did 1 year ago.
TEN has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, TEN has an improved debt to assets ratio.
2.2 Solvency
TEN has an Altman-Z score of 4.37. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.37, TEN belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
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 94.59% 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.
The Debt to Equity ratio of TEN (0.01) is better than 91.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.37 |
ROIC/WACC1.35
WACC7.58%
2.3 Liquidity
A Current Ratio of 4.08 indicates that TEN has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 4.08, TEN belongs to the top of the industry, outperforming 89.19% of the companies in the same industry.
A Quick Ratio of 2.55 indicates that TEN has no problem at all paying its short term obligations.
TEN has a better Quick ratio (2.55) than 86.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
The earnings per share for TEN have decreased strongly by -17.98% in the last year.
The Earnings Per Share has been growing by 23.23% on average over the past years. This is a very strong growth
Looking at the last year, TEN shows a decrease in Revenue. The Revenue has decreased by -9.64% in the last year.
Measured over the past years, TEN shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
EPS 1Y (TTM)-17.98%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%10.26%
Revenue 1Y (TTM)-9.64%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%2.15%
3.2 Future
TEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.48% yearly.
Based on estimates for the next years, TEN will show a small growth in Revenue. The Revenue will grow by 1.51% on average per year.
EPS Next Y6.71%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
EPS Next 5Y-0.48%
Revenue Next Year-4.25%
Revenue Next 2Y-1.76%
Revenue Next 3Y-0.03%
Revenue Next 5Y1.51%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.60, the valuation of TEN can be described as very reasonable.
67.57% of the companies in the same industry are more expensive than TEN, based on the Price/Earnings ratio.
TEN is valuated cheaply when we compare the Price/Earnings ratio to 25.45, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.66, the valuation of TEN can be described as reasonable.
TEN's Price/Forward Earnings is on the same level as the industry average.
TEN is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.6 | ||
| Fwd PE | 10.66 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaply inside the industry as 91.89% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than 70.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.29 | ||
| EV/EBITDA | 1.92 |
4.3 Compensation for Growth
TEN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of TEN may justify a higher PE ratio.
PEG (NY)1.58
PEG (5Y)0.46
EPS Next 2Y1.79%
EPS Next 3Y2.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.00%, TEN is a good candidate for dividend investing.
TEN's Dividend Yield is a higher than the industry average which is at 7.54.
Compared to an average S&P500 Dividend Yield of 2.45, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
5.2 History
On average, the dividend of TEN grows each year by 10.42%, which is quite nice.
Dividend Growth(5Y)10.42%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
TEN pays out 44.97% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.97%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
BIT:TEN (11/21/2025, 7:00:00 PM)
17.175
-0.25 (-1.41%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners13.42%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap8.92B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76.67
Price Target18.27 (6.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
Yearly Dividend0.58
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%
PT rev (3m)-0.72%
EPS NQ rev (1m)-8.33%
EPS NQ rev (3m)-5.17%
EPS NY rev (1m)-3.49%
EPS NY rev (3m)-10.29%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)-1.72%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.6 | ||
| Fwd PE | 10.66 | ||
| P/S | 0.87 | ||
| P/FCF | 6.29 | ||
| P/OCF | 4.46 | ||
| P/B | 0.6 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | 1.92 |
EPS(TTM)1.62
EY9.43%
EPS(NY)1.61
Fwd EY9.38%
FCF(TTM)2.73
FCFY15.89%
OCF(TTM)3.85
OCFY22.43%
SpS19.78
BVpS28.49
TBVpS26.22
PEG (NY)1.58
PEG (5Y)0.46
Graham Number32.23
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.37 |
F-Score6
WACC7.58%
ROIC/WACC1.35
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)-17.98%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%10.26%
EPS Next Y6.71%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
EPS Next 5Y-0.48%
Revenue 1Y (TTM)-9.64%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%2.15%
Revenue Next Year-4.25%
Revenue Next 2Y-1.76%
Revenue Next 3Y-0.03%
Revenue Next 5Y1.51%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year14.46%
EBIT Next 3Y4.78%
EBIT Next 5Y2.42%
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.
Can you provide the valuation status for TENARIS SA?
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 is the valuation of TENARIS SA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TENARIS SA (TEN.MI) is 10.6 and the Price/Book (PB) ratio is 0.6.
How financially healthy is TENARIS SA?
The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.