TENARIS SA (TEN.MI) Fundamental Analysis & Valuation
BIT:TEN • LU2598331598
Current stock price
23.935 EUR
-0.18 (-0.73%)
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.
- Each year in the past 5 years TEN had a positive operating cash flow.
1.2 Ratios
- TEN has a Return On Assets of 9.77%. This is amongst the best in the industry. TEN outperforms 83.33% of its industry peers.
- Looking at the Return On Equity, with a value of 11.74%, TEN is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
- TEN has a Return On Invested Capital of 9.89%. This is in the better half of the industry: TEN outperforms 63.89% 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
- Looking at the Profit Margin, with a value of 16.91%, TEN is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
- In the last couple of years the Profit Margin of TEN has declined.
- TEN has a Operating Margin of 18.86%. This is in the better half of the industry: TEN outperforms 72.22% of its industry peers.
- In the last couple of years the Operating Margin of TEN has declined.
- With a decent Gross Margin value of 34.05%, TEN is doing good in the industry, outperforming 72.22% of the companies in the same industry.
- TEN's Gross Margin has improved in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TEN is still 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 5.01. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
- TEN has a better Altman-Z score (5.01) than 88.89% of its industry peers.
- 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 94.44% 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.
- The Debt to Equity ratio of TEN (0.01) is better than 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 5.01 |
ROIC/WACC1.3
WACC7.61%
2.3 Liquidity
- A Current Ratio of 4.08 indicates that TEN has no problem at all paying its short term obligations.
- TEN has a better Current ratio (4.08) than 86.11% of its industry peers.
- A Quick Ratio of 2.55 indicates that TEN has no problem at all paying its short term obligations.
- The Quick ratio of TEN (2.55) is better than 83.33% 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%.
- The Earnings Per Share has been decreasing by -5.20% on average over the past years.
- The Revenue has decreased by -4.33% in the past 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 2.29% on average per year.
- 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 Year0.5%
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
- The Price/Earnings ratio is 14.96, which indicates a correct valuation of TEN.
- Based on the Price/Earnings ratio, TEN is valued a bit cheaper than the industry average as 63.89% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.11, TEN is valued a bit cheaper.
- A Price/Forward Earnings ratio of 15.23 indicates a correct valuation of TEN.
- TEN's Price/Forward Earnings is on the same level as the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 24.12. TEN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.96 | ||
| Fwd PE | 15.23 |
4.2 Price Multiples
- TEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TEN is cheaper than 94.44% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.54 | ||
| EV/EBITDA | 3.18 |
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 3.33%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.17, TEN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.91, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.33% |
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
- 44.97% 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.
DP44.97%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
TEN.MI Fundamentals: All Metrics, Ratios and Statistics
BIT:TEN (3/18/2026, 10:30:01 AM)
23.935
-0.18 (-0.73%)
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 Cap12.08B
Revenue(TTM)11.98B
Net Income(TTM)2.00B
Analysts72
Price Target21.8 (-8.92%)
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 | 14.96 | ||
| Fwd PE | 15.23 | ||
| P/S | 1.18 | ||
| P/FCF | 8.54 | ||
| P/OCF | 6.05 | ||
| P/B | 0.82 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | 3.18 |
EPS(TTM)1.6
EY6.68%
EPS(NY)1.57
Fwd EY6.57%
FCF(TTM)2.8
FCFY11.71%
OCF(TTM)3.96
OCFY16.54%
SpS20.32
BVpS29.27
TBVpS26.94
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.46
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 | 5.01 |
F-Score6
WACC7.61%
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 14.96 and the Price/Book (PB) ratio is 0.82.
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%.