TENARIS SA (TEN.MI) Fundamental Analysis & Valuation
BIT:TEN • LU2598331598
Current stock price
25.28 EUR
+0.34 (+1.36%)
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.
- TEN had positive earnings in each of the past 5 years.
- Each year in the past 5 years TEN had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of TEN (9.77%) is better than 80.00% of its industry peers.
- TEN's Return On Equity of 11.74% is in line compared to the rest of the industry. TEN outperforms 57.14% of its industry peers.
- The Return On Invested Capital of TEN (9.89%) 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
- With a decent Profit Margin value of 16.91%, TEN is doing good in the industry, outperforming 74.29% of the companies in the same industry.
- In the last couple of years the Profit Margin of TEN has declined.
- TEN has a better Operating Margin (18.86%) than 68.57% of its industry peers.
- TEN's Operating Margin has declined in the last couple of years.
- The Gross Margin of TEN (34.05%) is better than 71.43% of its industry peers.
- 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
- TEN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- TEN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- TEN has an Altman-Z score of 8.02. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 8.02, TEN belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
- 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.
- TEN has a Debt to FCF ratio of 0.29. This is amongst the best in the industry. TEN outperforms 91.43% 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 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 8.02 |
ROIC/WACC1.32
WACC7.49%
2.3 Liquidity
- TEN has a Current Ratio of 4.08. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 4.08, TEN belongs to the top of the industry, outperforming 85.71% 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.
- TEN has a Quick ratio of 2.55. This is amongst the best in the industry. TEN outperforms 85.71% of its industry peers.
| 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%.
- TEN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.20% yearly.
- Looking at the last year, TEN shows a decrease in Revenue. The Revenue has decreased by -4.33% in the last year.
- The Revenue has been growing by 18.41% on average over the past years. This is quite good.
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 2.29% on average over the next years.
- TEN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.81% yearly.
EPS Next Y-1.5%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
EPS Next 5Y2.29%
Revenue Next Year0.94%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.81%
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.
4. TEN.MI Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.80, TEN is valued correctly.
- Based on the Price/Earnings ratio, TEN is valued a bit cheaper than 65.71% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 25.60, TEN is valued a bit cheaper.
- A Price/Forward Earnings ratio of 16.08 indicates a correct valuation of TEN.
- TEN's Price/Forward Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 22.84, TEN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.8 | ||
| Fwd PE | 16.08 |
4.2 Price Multiples
- TEN's Enterprise Value to EBITDA ratio is in line with the industry average.
- TEN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.13 | ||
| EV/EBITDA | 9.21 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.05%
EPS Next 3Y4.26%
5. TEN.MI Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 3.04%, TEN has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 3.04, TEN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.90, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.04% |
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.
- 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 (4/2/2026, 7:00:00 PM)
25.28
+0.34 (+1.36%)
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 Cap27.10B
Revenue(TTM)11.98B
Net Income(TTM)2.00B
Analysts72
Price Target23.47 (-7.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.04% |
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)7.69%
PT rev (3m)23.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.25%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.8 | ||
| Fwd PE | 16.08 | ||
| P/S | 2.64 | ||
| P/FCF | 19.13 | ||
| P/OCF | 13.55 | ||
| P/B | 1.83 | ||
| P/tB | 1.99 | ||
| EV/EBITDA | 9.21 |
EPS(TTM)1.6
EY6.33%
EPS(NY)1.57
Fwd EY6.22%
FCF(TTM)1.32
FCFY5.23%
OCF(TTM)1.87
OCFY7.38%
SpS9.58
BVpS13.79
TBVpS12.69
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.28
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 | 8.02 |
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 Year0.94%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
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 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 5 / 10.
What is the financial health of TENARIS SA (TEN.MI) stock?
The financial health rating of TENARIS SA (TEN.MI) is 9 / 10.
What is the earnings growth outlook for TENARIS SA?
The Earnings per Share (EPS) of TENARIS SA (TEN.MI) is expected to decline by -1.5% in the next year.