TENARIS SA (TEN.MI) Fundamental Analysis & Valuation
BIT:TEN • LU2598331598
Current stock price
26.98 EUR
+0.11 (+0.41%)
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
- TEN had positive earnings in the past year.
- TEN had a positive operating cash flow in the past year.
- In the past 5 years TEN has always been profitable.
- TEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- TEN has a Return On Assets of 9.63%. This is in the better half of the industry: TEN outperforms 80.00% 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 68.57% 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 Rank | Sector 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%
1.3 Margins
- TEN has a Profit Margin of 16.13%. This is in the better half of the industry: TEN outperforms 74.29% of its industry peers.
- TEN's Profit Margin has declined in the last couple of years.
- TEN has a Operating Margin of 19.18%. This is in the better half of the industry: TEN outperforms 68.57% of its industry peers.
- TEN's Operating Margin has declined in the last couple of years.
- With a decent Gross Margin value of 34.39%, TEN is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
- Compared to 1 year ago, TEN has less shares outstanding
- The number of shares outstanding for TEN has been reduced compared to 5 years ago.
- TEN has a better debt/assets ratio than last year.
2.2 Solvency
- TEN has an Altman-Z score of 8.45. 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 8.45, TEN belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
- TEN has a debt to FCF ratio of 0.23. This is a very positive value and a sign of high solvency as it would only need 0.23 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.23, TEN belongs to the top of the industry, outperforming 94.29% 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 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.23 | ||
| Altman-Z | 8.45 |
ROIC/WACC1.39
WACC7.5%
2.3 Liquidity
- TEN has a Current Ratio of 3.87. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
- TEN's Current ratio of 3.87 is amongst the best of the industry. TEN outperforms 85.71% of its industry peers.
- A Quick Ratio of 2.33 indicates that TEN has no problem at all paying its short term obligations.
- TEN's Quick ratio of 2.33 is amongst the best of the industry. TEN outperforms 82.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.87 | ||
| Quick Ratio | 2.33 |
3. TEN.MI Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 2.79% over the past year.
- The Earnings Per Share has been decreasing by -5.20% on average over the past years.
- Looking at the last year, TEN shows a decrease in Revenue. The Revenue has decreased by -4.33% in the last year.
- TEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.41% yearly.
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 3.08% on average per year.
- 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
- 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 17.18, the valuation of TEN can be described as rather expensive.
- Based on the Price/Earnings ratio, TEN is valued a bit cheaper than the industry average as 65.71% of the companies are valued more expensively.
- TEN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
- TEN is valuated correctly with a Price/Forward Earnings ratio of 16.92.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TEN is on the same level as its industry peers.
- TEN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.18 | ||
| Fwd PE | 16.92 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as TEN.
- Based on the Price/Free Cash Flow ratio, TEN is valued a bit more expensive than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.14 | ||
| EV/EBITDA | 9.99 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TEN does not grow enough to justify the current Price/Earnings ratio.
- TEN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)9.48
PEG (5Y)N/A
EPS Next 2Y4.43%
EPS Next 3Y5.04%
5. TEN.MI Dividend Analysis
5.1 Amount
- TEN has a Yearly Dividend Yield of 2.86%. Purely for dividend investing, there may be better candidates out there.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.86% |
5.2 History
- On average, the dividend of TEN grows each year by 65.12%, which is quite nice.
Dividend Growth(5Y)65.12%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 46.58% of the earnings are spent on dividend by TEN. 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 Fundamentals: All Metrics, Ratios and Statistics
BIT:TEN (4/28/2026, 2:08:45 PM)
26.98
+0.11 (+0.41%)
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 Owners13.04%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap28.92B
Revenue(TTM)11.98B
Net Income(TTM)1.93B
Analysts72
Price Target23.69 (-12.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.18 | ||
| Fwd PE | 16.92 | ||
| P/S | 2.84 | ||
| P/FCF | 17.14 | ||
| P/OCF | 13.07 | ||
| P/B | 2.05 | ||
| P/tB | 2.23 | ||
| EV/EBITDA | 9.99 |
EPS(TTM)1.57
EY5.82%
EPS(NY)1.59
Fwd EY5.91%
FCF(TTM)1.57
FCFY5.83%
OCF(TTM)2.06
OCFY7.65%
SpS9.51
BVpS13.18
TBVpS12.1
PEG (NY)9.48
PEG (5Y)N/A
Graham Number21.5769 (-20.03%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 8.45 |
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 4 / 10 to TENARIS SA (TEN.MI). This can be considered as Fairly Valued.
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.