TENARIS SA (TEN.MI) Fundamental Analysis & Valuation
BIT:TEN • LU2598331598
Current stock price
23.04 EUR
-0.16 (-0.69%)
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.
- In the past year TEN had a positive cash flow from operations.
- TEN had positive earnings in each of the past 5 years.
- In the past 5 years TEN always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 9.77%, TEN belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
- With a Return On Equity value of 11.74%, TEN perfoms like the industry average, outperforming 58.97% of the companies in the same industry.
- TEN's Return On Invested Capital of 9.89% is fine compared to the rest of the industry. TEN outperforms 61.54% of its industry peers.
| 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 79.49% of its industry peers.
- In the last couple of years the Profit Margin of TEN has declined.
- TEN has a better Operating Margin (18.86%) than 74.36% 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 74.36% 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
- TEN has an Altman-Z score of 4.92. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 4.92, TEN belongs to the best of the industry, outperforming 92.31% 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.
- Looking at the Debt to FCF ratio, with a value of 0.29, TEN belongs to the top of the industry, outperforming 94.87% 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 89.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.92 |
ROIC/WACC1.3
WACC7.6%
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.
- The Current ratio of TEN (4.08) is better than 87.18% of its industry peers.
- A Quick Ratio of 2.55 indicates that TEN has no problem at all paying its short term obligations.
- TEN's Quick ratio of 2.55 is amongst the best of the industry. TEN outperforms 82.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
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.
- TEN shows a decrease in Revenue. In the last year, the revenue decreased by -4.33%.
- 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
- 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.
- The Revenue is expected to grow by 1.81% on average over the next years.
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.
- 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
- TEN is valuated correctly with a Price/Earnings ratio of 14.49.
- 66.67% of the companies in the same industry are more expensive than TEN, based on the Price/Earnings ratio.
- TEN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.70.
- Based on the Price/Forward Earnings ratio of 14.68, the valuation of TEN can be described as correct.
- TEN's Price/Forward Earnings is on the same level as the industry average.
- TEN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.49 | ||
| Fwd PE | 14.68 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaply inside the industry as 97.44% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 79.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.23 | ||
| EV/EBITDA | 3 |
4.3 Compensation for Growth
- TEN has a very decent profitability rating, which 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
- With a Yearly Dividend Yield of 3.33%, TEN has a reasonable but not impressive dividend return.
- TEN's Dividend Yield is a higher than the industry average which is at 3.16.
- Compared to an average S&P500 Dividend Yield of 1.89, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.33% |
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.
- The dividend of TEN is growing, but the earnings are growing slower. 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 (3/13/2026, 7:00:00 PM)
23.04
-0.16 (-0.69%)
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 Cap11.63B
Revenue(TTM)11.98B
Net Income(TTM)2.00B
Analysts72
Price Target21.8 (-5.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.33% |
Yearly Dividend0.59
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)0.22%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.49 | ||
| Fwd PE | 14.68 | ||
| P/S | 1.14 | ||
| P/FCF | 8.23 | ||
| P/OCF | 5.83 | ||
| P/B | 0.79 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 3 |
EPS(TTM)1.59
EY6.9%
EPS(NY)1.57
Fwd EY6.81%
FCF(TTM)2.8
FCFY12.15%
OCF(TTM)3.95
OCFY17.16%
SpS20.3
BVpS29.23
TBVpS26.91
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.34
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 | 4.92 |
F-Score6
WACC7.6%
ROIC/WACC1.3
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 14.49 and the Price/Book (PB) ratio is 0.79.
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%.