TENARIS SA (TEN.MI) Stock Fundamental Analysis
BIT:TEN - Euronext Milan - LU2598331598 - Common Stock - Currency: EUR
Taking everything into account, TEN scores 7 out of 10 in our fundamental rating. TEN was compared to 35 industry peers in the Energy Equipment & Services industry. TEN scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TEN is valued quite cheap, but it does not seem to be growing. Finally 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.
TEN had a positive operating cash flow in the past year.
TEN had positive earnings in 4 of the past 5 years.
In the past 5 years TEN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of TEN (9.96%) is better than 82.86% of its industry peers.
The Return On Equity of TEN (12.27%) is comparable to the rest of the industry.
The Return On Invested Capital of TEN (11.07%) is better than 68.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TEN is significantly above the industry average of 10.15%.
The 3 year average ROIC (16.25%) for TEN is well above the current ROIC(11.07%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.96% | ||
| ROE | 12.27% | ||
| ROIC | 11.07% |
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
TEN has a better Profit Margin (16.26%) than 80.00% of its industry peers.
In the last couple of years the Profit Margin of TEN has grown nicely.
With a decent Operating Margin value of 18.90%, TEN is doing good in the industry, outperforming 65.71% of the companies in the same industry.
In the last couple of years the Operating Margin of TEN has grown nicely.
Looking at the Gross Margin, with a value of 35.04%, TEN is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.9% | ||
| PM (TTM) | 16.26% | ||
| GM | 35.04% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TEN is creating value.
TEN has less shares outstanding than it did 1 year ago.
TEN has less shares outstanding than it did 5 years ago.
TEN has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.96 indicates that TEN is not in any danger for bankruptcy at the moment.
The Altman-Z score of TEN (3.96) is better than 94.29% of its industry peers.
TEN has a debt to FCF ratio of 0.27. This is a very positive value and a sign of high solvency as it would only need 0.27 years to pay back of all of its debts.
TEN's Debt to FCF ratio of 0.27 is amongst the best of the industry. TEN outperforms 97.14% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that TEN is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, TEN belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.27 | ||
| Altman-Z | 3.96 |
ROIC/WACC1.44
WACC7.69%
2.3 Liquidity
TEN has a Current Ratio of 3.50. 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 3.50, TEN belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
TEN has a Quick Ratio of 2.10. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.10, TEN is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.5 | ||
| Quick Ratio | 2.1 |
3. Growth
3.1 Past
The earnings per share for TEN have decreased strongly by -46.25% in the last year.
The Earnings Per Share has been growing by 23.23% on average over the past years. This is a very strong growth
TEN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.77%.
Measured over the past years, TEN shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
EPS 1Y (TTM)-46.25%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%-51.04%
Revenue 1Y (TTM)-15.77%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-16.68%
3.2 Future
Based on estimates for the next years, TEN will show a decrease in Earnings Per Share. The EPS will decrease by -2.58% on average per year.
Based on estimates for the next years, TEN will show a decrease in Revenue. The Revenue will decrease by -1.48% on average per year.
EPS Next Y18.95%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
EPS Next 5Y-2.58%
Revenue Next Year-0.34%
Revenue Next 2Y0.98%
Revenue Next 3Y0.56%
Revenue Next 5Y-1.48%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
TEN is valuated reasonably with a Price/Earnings ratio of 9.41.
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 28.79, TEN is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.90, the valuation of TEN can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 68.57% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of TEN to the average of the S&P500 Index (21.38), we can say TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.41 | ||
| Fwd PE | 7.9 |
4.2 Price Multiples
TEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TEN is cheaper than 100.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 74.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.17 | ||
| EV/EBITDA | 1.37 |
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.
TEN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.5
PEG (5Y)0.41
EPS Next 2Y10.98%
EPS Next 3Y7.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.01%, TEN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.59, TEN has a dividend in line with its industry peers.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.47.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
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 37.21% of its income as dividend. This is a sustainable payout ratio.
DP37.21%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
BIT:TEN (4/25/2025, 7:00:00 PM)
14.78
+0.08 (+0.54%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners11.99%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap7.92B
Analysts72.5
Price Target22.19 (50.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Yearly Dividend0.59
Dividend Growth(5Y)10.42%
DP37.21%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)31.81%
Min EPS beat(2)18.2%
Max EPS beat(2)45.42%
EPS beat(4)3
Avg EPS beat(4)11.35%
Min EPS beat(4)-38.91%
Max EPS beat(4)45.42%
EPS beat(8)6
Avg EPS beat(8)16.08%
EPS beat(12)8
Avg EPS beat(12)14.11%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)4.47%
Min Revenue beat(2)3.88%
Max Revenue beat(2)5.06%
Revenue beat(4)3
Avg Revenue beat(4)2.48%
Min Revenue beat(4)-0.39%
Max Revenue beat(4)5.06%
Revenue beat(8)7
Avg Revenue beat(8)3.64%
Revenue beat(12)11
Avg Revenue beat(12)2.89%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)10.44%
PT rev (3m)14.06%
EPS NQ rev (1m)102.63%
EPS NQ rev (3m)97.44%
EPS NY rev (1m)15.44%
EPS NY rev (3m)8.91%
Revenue NQ rev (1m)0.68%
Revenue NQ rev (3m)-4.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.41 | ||
| Fwd PE | 7.9 | ||
| P/S | 0.72 | ||
| P/FCF | 4.17 | ||
| P/OCF | 3.14 | ||
| P/B | 0.54 | ||
| P/tB | 0.59 | ||
| EV/EBITDA | 1.37 |
EPS(TTM)1.57
EY10.62%
EPS(NY)1.87
Fwd EY12.66%
FCF(TTM)3.55
FCFY23.99%
OCF(TTM)4.7
OCFY31.8%
SpS20.54
BVpS27.21
TBVpS24.99
PEG (NY)0.5
PEG (5Y)0.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.96% | ||
| ROE | 12.27% | ||
| ROCE | 13.29% | ||
| ROIC | 11.07% | ||
| ROICexc | 13.35% | ||
| ROICexgc | 14.7% | ||
| OM | 18.9% | ||
| PM (TTM) | 16.26% | ||
| GM | 35.04% | ||
| FCFM | 17.26% |
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
ROICexcg growth 3Y37.2%
ROICexcg 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-Score5
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.27 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 111.3% | ||
| Cap/Sales | 5.62% | ||
| Interest Coverage | 38.96 | ||
| Cash Conversion | 95.53% | ||
| Profit Quality | 106.16% | ||
| Current Ratio | 3.5 | ||
| Quick Ratio | 2.1 | ||
| Altman-Z | 3.96 |
F-Score5
WACC7.69%
ROIC/WACC1.44
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)-46.25%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%-51.04%
EPS Next Y18.95%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
EPS Next 5Y-2.58%
Revenue 1Y (TTM)-15.77%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-16.68%
Revenue Next Year-0.34%
Revenue Next 2Y0.98%
Revenue Next 3Y0.56%
Revenue Next 5Y-1.48%
EBIT growth 1Y-44.72%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year23.02%
EBIT Next 3Y7.35%
EBIT Next 5Y1.48%
FCF growth 1Y-42.74%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y-34.79%
OCF growth 3Y188.73%
OCF growth 5Y13.41%