TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - BIT:TEN - LU2598331598 - Common Stock
17.8 EUR
-0.09 (-0.5%)
We assign a fundamental rating of 7 out of 10 to TEN. TEN was compared to 37 industry peers in the Energy Equipment & Services industry. TEN gets an excellent profitability rating and is at the same time showing great financial health properties. TEN has a valuation in line with the averages, but on the other hand it scores bad on growth. TEN also has an excellent dividend rating. These ratings could make TEN a good candidate for dividend investing.
1. Profitability
1.1 Basic Checks
TEN had positive earnings in the past year.
TEN had a positive operating cash flow in the past year.
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 9.77%. This is amongst the best in the industry. TEN outperforms 83.78% of its industry peers.
The Return On Equity of TEN (11.74%) is better than 62.16% of its industry peers.
The Return On Invested Capital of TEN (10.23%) is better than 62.16% 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 11.08%.
The 3 year average ROIC (16.25%) for TEN is well above the current ROIC(10.23%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.77% | ||
| ROE | 11.74% | ||
| ROIC | 10.23% |
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
The Profit Margin of TEN (16.91%) is better than 86.49% of its industry peers.
TEN's Profit Margin has improved in the last couple of years.
TEN has a better Operating Margin (18.86%) than 67.57% of its industry peers.
TEN's Operating Margin has improved in the last couple of years.
TEN has a Gross Margin of 34.05%. This is in the better half of the industry: TEN outperforms 72.97% 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 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TEN is creating value.
The number of shares outstanding for TEN has been reduced compared to 1 year ago.
Compared to 5 years ago, TEN has less shares outstanding
Compared to 1 year ago, TEN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.43 indicates that TEN is not in any danger for bankruptcy at the moment.
The Altman-Z score of TEN (4.43) is better than 94.59% of its industry peers.
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.
With an excellent Debt to FCF ratio value of 0.29, TEN belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
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 91.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.43 |
ROIC/WACC1.35
WACC7.58%
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 89.19% 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 86.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
TEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.98%.
The Earnings Per Share has been growing by 23.23% on average over the past years. This is a very strong growth
The Revenue has decreased by -9.64% in the past year.
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)-17.98%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%10.26%
Revenue 1Y (TTM)-9.64%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%2.15%
3.2 Future
The Earnings Per Share is expected to decrease by -0.48% on average over the next years.
The Revenue is expected to grow by 1.51% on average over the next years.
EPS Next Y6.71%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
EPS Next 5Y-0.48%
Revenue Next Year-4.25%
Revenue Next 2Y-1.76%
Revenue Next 3Y-0.03%
Revenue Next 5Y1.51%
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
Based on the Price/Earnings ratio of 10.99, the valuation of TEN can be described as reasonable.
Based on the Price/Earnings ratio, TEN is valued a bit cheaper than 67.57% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.35. TEN is valued rather cheaply when compared to this.
TEN is valuated reasonably with a Price/Forward Earnings ratio of 11.11.
TEN's Price/Forward Earnings is on the same level as the industry average.
TEN is valuated cheaply when we compare the Price/Forward Earnings ratio to 33.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.99 | ||
| Fwd PE | 11.11 |
4.2 Price Multiples
TEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TEN is cheaper than 91.89% of the companies in the same industry.
70.27% of the companies in the same industry are more expensive than TEN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.56 | ||
| EV/EBITDA | 2.03 |
4.3 Compensation for Growth
TEN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TEN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.64
PEG (5Y)0.47
EPS Next 2Y1.79%
EPS Next 3Y2.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.09%, TEN is a good candidate for dividend investing.
TEN's Dividend Yield is a higher than the industry average which is at 7.55.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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.
DP44.97%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
BIT:TEN (11/12/2025, 5:36:15 PM)
17.8
-0.09 (-0.5%)
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 Cap9.25B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76.67
Price Target18.27 (2.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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)0%
PT rev (3m)-0.72%
EPS NQ rev (1m)-8.33%
EPS NQ rev (3m)-5.17%
EPS NY rev (1m)-3.49%
EPS NY rev (3m)-10.29%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)-1.72%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.99 | ||
| Fwd PE | 11.11 | ||
| P/S | 0.9 | ||
| P/FCF | 6.56 | ||
| P/OCF | 4.64 | ||
| P/B | 0.63 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 2.03 |
EPS(TTM)1.62
EY9.1%
EPS(NY)1.6
Fwd EY9%
FCF(TTM)2.71
FCFY15.25%
OCF(TTM)3.83
OCFY21.53%
SpS19.68
BVpS28.34
TBVpS26.08
PEG (NY)1.64
PEG (5Y)0.47
Graham Number32.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.77% | ||
| ROE | 11.74% | ||
| ROCE | 12.28% | ||
| ROIC | 10.23% | ||
| ROICexc | 12.25% | ||
| ROICexgc | 13.45% | ||
| OM | 18.86% | ||
| PM (TTM) | 16.91% | ||
| GM | 34.05% | ||
| FCFM | 13.8% |
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 | 0.29 | ||
| 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 | 4.43 |
F-Score6
WACC7.58%
ROIC/WACC1.35
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)-17.98%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%10.26%
EPS Next Y6.71%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
EPS Next 5Y-0.48%
Revenue 1Y (TTM)-9.64%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%2.15%
Revenue Next Year-4.25%
Revenue Next 2Y-1.76%
Revenue Next 3Y-0.03%
Revenue Next 5Y1.51%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year14.46%
EBIT Next 3Y4.78%
EBIT Next 5Y2.42%
FCF growth 1Y-53.5%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y-43.56%
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 6 / 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 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 10.99 and the Price/Book (PB) ratio is 0.63.
How financially healthy is TENARIS SA?
The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.