TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - BIT:TEN - LU2598331598 - Common Stock
16.253 EUR
+0.1 (+0.64%)
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. Both the health and profitability get an excellent rating, making TEN a very profitable company, without any liquidiy or solvency issues. TEN has a bad growth rate and is valued cheaply. TEN also has an excellent dividend rating. These ratings would make TEN suitable for value and dividend investing!
1. Profitability
1.1 Basic Checks
In the past year TEN was profitable.
In the past year TEN had a positive cash flow from operations.
Of the past 5 years TEN 4 years were 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 9.81%. This is amongst the best in the industry. TEN outperforms 86.11% of its industry peers.
TEN has a better Return On Equity (12.08%) than 63.89% of its industry peers.
With a decent Return On Invested Capital value of 9.47%, TEN is doing good in the industry, outperforming 63.89% of the companies in the same industry.
TEN had an Average Return On Invested Capital over the past 3 years of 16.25%. This is significantly above the industry average of 10.49%.
The 3 year average ROIC (16.25%) for TEN is well above the current ROIC(9.47%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 12.08% | ||
| ROIC | 9.47% |
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
Looking at the Profit Margin, with a value of 17.02%, TEN belongs to the top 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.
Looking at the Operating Margin, with a value of 17.12%, TEN is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of TEN has grown nicely.
TEN has a better Gross Margin (33.79%) than 72.22% of its industry peers.
TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.12% | ||
| PM (TTM) | 17.02% | ||
| GM | 33.79% |
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
TEN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, TEN has less shares outstanding
Compared to 5 years ago, TEN has less shares outstanding
TEN has a better debt/assets ratio than last year.
2.2 Solvency
TEN has an Altman-Z score of 3.96. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.96, TEN belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
The Debt to FCF ratio of TEN is 0.25, which is an excellent value as it means it would take TEN, only 0.25 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TEN (0.25) is better than 97.22% 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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 3.96 |
ROIC/WACC1.25
WACC7.58%
2.3 Liquidity
A Current Ratio of 3.41 indicates that TEN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.41, TEN belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
A Quick Ratio of 2.11 indicates that TEN has no problem at all paying its short term obligations.
TEN has a Quick ratio of 2.11. This is in the better half of the industry: TEN outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
TEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.13%.
TEN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.23% yearly.
Looking at the last year, TEN shows a very negative growth in Revenue. The Revenue has decreased by -12.28% in the last year.
TEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
EPS 1Y (TTM)-22.13%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%72.41%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
3.2 Future
TEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.54% yearly.
The Revenue is expected to grow by 1.09% on average over the next years.
EPS Next Y10.57%
EPS Next 2Y2.96%
EPS Next 3Y3.84%
EPS Next 5Y-1.54%
Revenue Next Year-4.11%
Revenue Next 2Y-1.71%
Revenue Next 3Y-0.07%
Revenue Next 5Y1.09%
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 decreasing.
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. Valuation
4.1 Price/Earnings Ratio
TEN is valuated reasonably with a Price/Earnings ratio of 10.35.
TEN's Price/Earnings ratio is a bit cheaper when compared to the industry. TEN is cheaper than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.00, TEN is valued rather cheaply.
The Price/Forward Earnings ratio is 9.96, which indicates a very decent valuation of TEN.
TEN's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of TEN to the average of the S&P500 Index (22.87), we can say TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.35 | ||
| Fwd PE | 9.96 |
4.2 Price Multiples
94.44% of the companies in the same industry are more expensive than TEN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than 69.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.27 | ||
| EV/EBITDA | 1.78 |
4.3 Compensation for Growth
TEN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of TEN may justify a higher PE ratio.
PEG (NY)0.98
PEG (5Y)0.45
EPS Next 2Y2.96%
EPS Next 3Y3.84%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 4.55%, which is a nice return.
Compared to an average industry Dividend Yield of 7.20, 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 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
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
44.92% of the earnings are spent on dividend by TEN. This is a bit on the high side, but may be sustainable.
DP44.92%
EPS Next 2Y2.96%
EPS Next 3Y3.84%
BIT:TEN (10/29/2025, 1:10:11 PM)
16.253
+0.1 (+0.64%)
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 Cap8.44B
Revenue(TTM)11.77B
Net Income(TTM)2.00B
Analysts74.44
Price Target18.27 (12.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
Yearly Dividend0.58
Dividend Growth(5Y)10.42%
DP44.92%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-15.42%
Min EPS beat(2)-19.77%
Max EPS beat(2)-11.07%
EPS beat(4)2
Avg EPS beat(4)8.2%
Min EPS beat(4)-19.77%
Max EPS beat(4)45.42%
EPS beat(8)4
Avg EPS beat(8)8.64%
EPS beat(12)6
Avg EPS beat(12)7.55%
EPS beat(16)10
Avg EPS beat(16)11.78%
Revenue beat(2)1
Avg Revenue beat(2)0.5%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)2.14%
Revenue beat(4)3
Avg Revenue beat(4)2.48%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)5.06%
Revenue beat(8)6
Avg Revenue beat(8)2.63%
Revenue beat(12)10
Avg Revenue beat(12)2.76%
Revenue beat(16)14
Avg Revenue beat(16)2.71%
PT rev (1m)0%
PT rev (3m)0.18%
EPS NQ rev (1m)-15.94%
EPS NQ rev (3m)-41.06%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.04%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-1.94%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.35 | ||
| Fwd PE | 9.96 | ||
| P/S | 0.83 | ||
| P/FCF | 5.27 | ||
| P/OCF | 3.87 | ||
| P/B | 0.59 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | 1.78 |
EPS(TTM)1.57
EY9.66%
EPS(NY)1.63
Fwd EY10.04%
FCF(TTM)3.08
FCFY18.97%
OCF(TTM)4.2
OCFY25.85%
SpS19.48
BVpS27.45
TBVpS25.19
PEG (NY)0.98
PEG (5Y)0.45
Graham Number31.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 12.08% | ||
| ROCE | 11.36% | ||
| ROIC | 9.47% | ||
| ROICexc | 11.44% | ||
| ROICexgc | 12.61% | ||
| OM | 17.12% | ||
| PM (TTM) | 17.02% | ||
| GM | 33.79% | ||
| FCFM | 15.83% |
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 | 0.25 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 109.79% | ||
| Cap/Sales | 5.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.51% | ||
| Profit Quality | 93.01% | ||
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 3.96 |
F-Score6
WACC7.58%
ROIC/WACC1.25
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)-22.13%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%72.41%
EPS Next Y10.57%
EPS Next 2Y2.96%
EPS Next 3Y3.84%
EPS Next 5Y-1.54%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
Revenue Next Year-4.11%
Revenue Next 2Y-1.71%
Revenue Next 3Y-0.07%
Revenue Next 5Y1.09%
EBIT growth 1Y-35.93%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year14.46%
EBIT Next 3Y4.78%
EBIT Next 5Y4.32%
FCF growth 1Y-25.79%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y-16.19%
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 7 / 10 to TENARIS SA (TEN.MI). This can be considered as Undervalued.
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 10.35 and the Price/Book (PB) ratio is 0.59.
How financially healthy is TENARIS SA?
The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.