TENARIS SA (TEN.MI) Fundamental Analysis & Valuation
BIT:TEN • LU2598331598
Current stock price
24.72 EUR
-0.18 (-0.72%)
Last:
This TEN.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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.
- TEN had positive earnings in each of the past 5 years.
- TEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- TEN has a better Return On Assets (9.77%) than 83.78% of its industry peers.
- TEN has a Return On Equity (11.74%) which is comparable to the rest of the industry.
- TEN has a Return On Invested Capital (9.89%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.77% | ||
| ROE | 11.74% | ||
| ROIC | 9.89% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- TEN's Profit Margin of 16.91% is fine compared to the rest of the industry. TEN outperforms 78.38% of its industry peers.
- TEN's Profit Margin has declined in the last couple of years.
- TEN's Operating Margin of 18.86% is fine compared to the rest of the industry. TEN outperforms 72.97% of its industry peers.
- In the last couple of years the Operating Margin of TEN has declined.
- Looking at the Gross Margin, with a value of 34.05%, TEN is in the better half of the industry, outperforming 75.68% of the companies in the same industry.
- In the last couple of years the Gross Margin of TEN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.86% | ||
| PM (TTM) | 16.91% | ||
| GM | 34.05% |
OM growth 3Y-10.01%
OM growth 5YN/A
PM growth 3Y-9.42%
PM growth 5YN/A
GM growth 3Y-4.83%
GM growth 5Y10.81%
2. TEN.MI Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TEN is creating some value.
- There is no outstanding debt for TEN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- An Altman-Z score of 5.10 indicates that TEN is not in any danger for bankruptcy at the moment.
- TEN's Altman-Z score of 5.10 is amongst the best of the industry. TEN outperforms 91.89% of its industry peers.
- The Debt to FCF ratio of TEN is 0.29, which is an excellent value as it means it would take TEN, only 0.29 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.29, TEN belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
- TEN has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
- TEN's Debt to Equity ratio of 0.01 is amongst the best of the industry. TEN outperforms 89.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 5.1 |
ROIC/WACC1.32
WACC7.49%
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 86.49% of the companies in the same industry.
- 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.
- Looking at the Quick ratio, with a value of 2.55, TEN belongs to the top of the industry, outperforming 86.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
3. TEN.MI Growth Analysis
3.1 Past
- TEN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.79%.
- Measured over the past years, TEN shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.20% on average per year.
- TEN shows a decrease in Revenue. In the last year, the revenue decreased by -4.33%.
- 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
- Based on estimates for the next years, TEN will show a small growth in Earnings Per Share. The EPS will grow by 2.29% on average per year.
- Based on estimates for the next years, TEN will show a small growth in Revenue. The Revenue will grow by 1.81% on average per year.
EPS Next Y-1.5%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
EPS Next 5Y2.29%
Revenue Next Year0.5%
Revenue Next 2Y1.89%
Revenue Next 3Y2.07%
Revenue Next 5Y1.81%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. TEN.MI Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 15.55, the valuation of TEN can be described as correct.
- Based on the Price/Earnings ratio, TEN is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 25.61, TEN is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 15.78, the valuation of TEN can be described as correct.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TEN is on the same level as its industry peers.
- When comparing the Price/Forward Earnings ratio of TEN to the average of the S&P500 Index (22.79), we can say TEN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.55 | ||
| Fwd PE | 15.78 |
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.
- TEN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TEN is cheaper than 75.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.85 | ||
| EV/EBITDA | 3.36 |
4.3 Compensation for Growth
- The decent profitability rating of TEN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.05%
EPS Next 3Y4.26%
5. TEN.MI Dividend Analysis
5.1 Amount
- TEN has a Yearly Dividend Yield of 3.20%.
- Compared to an average industry Dividend Yield of 3.12, TEN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.89, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.2% |
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
- TEN pays out 44.97% 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.
DP44.97%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
TEN.MI Fundamentals: All Metrics, Ratios and Statistics
BIT:TEN (3/25/2026, 7:00:00 PM)
24.72
-0.18 (-0.72%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18 2026-02-18/bmo
Earnings (Next)05-06 2026-05-06
Inst Owners12.75%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap12.48B
Revenue(TTM)11.98B
Net Income(TTM)2.00B
Analysts72
Price Target21.8 (-11.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.2% |
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)14.33%
PT rev (3m)14.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.85%
EPS NY rev (1m)-3.06%
EPS NY rev (3m)3.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.55 | ||
| Fwd PE | 15.78 | ||
| P/S | 1.22 | ||
| P/FCF | 8.85 | ||
| P/OCF | 6.27 | ||
| P/B | 0.85 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | 3.36 |
EPS(TTM)1.59
EY6.43%
EPS(NY)1.57
Fwd EY6.34%
FCF(TTM)2.79
FCFY11.3%
OCF(TTM)3.95
OCFY15.96%
SpS20.25
BVpS29.17
TBVpS26.85
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.77% | ||
| ROE | 11.74% | ||
| ROCE | 12.28% | ||
| ROIC | 9.89% | ||
| ROICexc | 11.83% | ||
| ROICexgc | 12.99% | ||
| OM | 18.86% | ||
| PM (TTM) | 16.91% | ||
| GM | 34.05% | ||
| FCFM | 13.8% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-10.01%
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 Turnover0.58
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 | 5.1 |
F-Score6
WACC7.49%
ROIC/WACC1.32
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 Y-1.5%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
EPS Next 5Y2.29%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%
Revenue Next Year0.5%
Revenue Next 2Y1.89%
Revenue Next 3Y2.07%
Revenue Next 5Y1.81%
EBIT growth 1Y-17.16%
EBIT growth 3Y-9.46%
EBIT growth 5YN/A
EBIT Next Year26.22%
EBIT Next 3Y10.76%
EBIT Next 5Y6.63%
FCF growth 1Y-35.11%
FCF growth 3Y37.06%
FCF growth 5Y8.37%
OCF growth 1Y-28.2%
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 5 / 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 6 / 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 15.55 and the Price/Book (PB) ratio is 0.85.
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%.