TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - BIT:TEN - LU2598331598 - Common Stock
14.955 EUR
-0.06 (-0.4%)
Overall TEN gets a fundamental rating of 7 out of 10. We evaluated TEN against 37 industry peers in the Energy Equipment & Services industry. TEN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TEN is valued quite cheap, but it does not seem to be growing. TEN also has an excellent dividend rating. With these ratings, TEN could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
TEN had positive earnings in the past year.
In the past year TEN had a positive cash flow from operations.
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
The Return On Assets of TEN (9.81%) is better than 86.49% of its industry peers.
Looking at the Return On Equity, with a value of 12.08%, TEN is in line with its industry, outperforming 54.05% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.47%, TEN is in line with its industry, outperforming 56.76% of the companies in the same industry.
TEN had an Average Return On Invested Capital over the past 3 years of 16.25%. This is above the industry average of 11.43%.
The last Return On Invested Capital (9.47%) for TEN is well below the 3 year average (16.25%), which needs to be investigated, but indicates that TEN had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 12.08% | ||
| ROIC | 9.47% |
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 Profit Margin of 17.02%. This is amongst the best in the industry. TEN outperforms 83.78% of its industry peers.
TEN's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 17.12%, TEN is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
In the last couple of years the Operating Margin of TEN has grown nicely.
TEN has a Gross Margin of 33.79%. This is in the better half of the industry: TEN outperforms 78.38% of its industry peers.
TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.12% | ||
| PM (TTM) | 17.02% | ||
| GM | 33.79% |
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.
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
TEN has a better debt/assets ratio than last year.
2.2 Solvency
TEN has an Altman-Z score of 3.88. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
TEN has a Altman-Z score of 3.88. This is amongst the best in the industry. TEN outperforms 91.89% of its industry peers.
The Debt to FCF ratio of TEN is 0.25, which is an excellent value as it means it would take TEN, only 0.25 years of fcf income to pay off all of its debts.
TEN has a Debt to FCF ratio of 0.25. This is amongst the best in the industry. TEN outperforms 94.59% 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.
TEN has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. TEN outperforms 91.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 3.88 |
ROIC/WACC1.26
WACC7.54%
2.3 Liquidity
A Current Ratio of 3.41 indicates that TEN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.41, TEN belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.
A Quick Ratio of 2.11 indicates that TEN has no problem at all paying its short term obligations.
TEN's Quick ratio of 2.11 is fine compared to the rest of the industry. TEN outperforms 78.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
TEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.13%.
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 -12.28%.
The Revenue has been growing by 11.42% on average over the past years. This is quite good.
EPS 1Y (TTM)-22.13%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%72.41%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
3.2 Future
Based on estimates for the next years, TEN will show a decrease in Earnings Per Share. The EPS will decrease by -3.54% on average per year.
The Revenue is expected to grow by 0.14% on average over the next years.
EPS Next Y10.73%
EPS Next 2Y2.94%
EPS Next 3Y3.4%
EPS Next 5Y-3.54%
Revenue Next Year-4.26%
Revenue Next 2Y-2.11%
Revenue Next 3Y-0.44%
Revenue Next 5Y0.14%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.65, the valuation of TEN can be described as reasonable.
Based on the Price/Earnings ratio, TEN is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of TEN to the average of the S&P500 Index (27.41), we can say TEN is valued rather cheaply.
A Price/Forward Earnings ratio of 9.33 indicates a reasonable valuation of TEN.
The rest of the industry has a similar Price/Forward Earnings ratio as TEN.
When comparing the Price/Forward Earnings ratio of TEN to the average of the S&P500 Index (22.88), we can say TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.65 | ||
| Fwd PE | 9.33 |
4.2 Price Multiples
94.59% of the companies in the same industry are more expensive than TEN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than the industry average as 75.68% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.96 | ||
| EV/EBITDA | 1.6 |
4.3 Compensation for Growth
The 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)0.9
PEG (5Y)0.42
EPS Next 2Y2.94%
EPS Next 3Y3.4%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.24%, TEN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.75, TEN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.24% |
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 44.92% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.92%
EPS Next 2Y2.94%
EPS Next 3Y3.4%
BIT:TEN (9/18/2025, 7:00:00 PM)
14.955
-0.06 (-0.4%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners12.52%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap7.80B
Analysts74.44
Price Target18.27 (22.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.24% |
Yearly Dividend0.57
Dividend Growth(5Y)10.42%
DP44.92%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-15.42%
Min EPS beat(2)-19.77%
Max EPS beat(2)-11.07%
EPS beat(4)2
Avg EPS beat(4)8.2%
Min EPS beat(4)-19.77%
Max EPS beat(4)45.42%
EPS beat(8)4
Avg EPS beat(8)8.64%
EPS beat(12)6
Avg EPS beat(12)7.55%
EPS beat(16)10
Avg EPS beat(16)11.78%
Revenue beat(2)1
Avg Revenue beat(2)0.5%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)2.14%
Revenue beat(4)3
Avg Revenue beat(4)2.48%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)5.06%
Revenue beat(8)6
Avg Revenue beat(8)2.63%
Revenue beat(12)10
Avg Revenue beat(12)2.76%
Revenue beat(16)14
Avg Revenue beat(16)2.71%
PT rev (1m)-0.72%
PT rev (3m)0.65%
EPS NQ rev (1m)3.6%
EPS NQ rev (3m)59.72%
EPS NY rev (1m)-6.91%
EPS NY rev (3m)-6.91%
Revenue NQ rev (1m)-0.93%
Revenue NQ rev (3m)-2.4%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)-1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.65 | ||
| Fwd PE | 9.33 | ||
| P/S | 0.78 | ||
| P/FCF | 4.96 | ||
| P/OCF | 3.64 | ||
| P/B | 0.56 | ||
| P/tB | 0.61 | ||
| EV/EBITDA | 1.6 |
EPS(TTM)1.55
EY10.36%
EPS(NY)1.6
Fwd EY10.71%
FCF(TTM)3.02
FCFY20.17%
OCF(TTM)4.11
OCFY27.49%
SpS19.06
BVpS26.86
TBVpS24.65
PEG (NY)0.9
PEG (5Y)0.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 12.08% | ||
| ROCE | 11.36% | ||
| ROIC | 9.47% | ||
| ROICexc | 11.44% | ||
| ROICexgc | 12.61% | ||
| OM | 17.12% | ||
| PM (TTM) | 17.02% | ||
| GM | 33.79% | ||
| FCFM | 15.83% |
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-Score6
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.25 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 109.79% | ||
| Cap/Sales | 5.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.51% | ||
| Profit Quality | 93.01% | ||
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 3.88 |
F-Score6
WACC7.54%
ROIC/WACC1.26
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)-22.13%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%72.41%
EPS Next Y10.73%
EPS Next 2Y2.94%
EPS Next 3Y3.4%
EPS Next 5Y-3.54%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
Revenue Next Year-4.26%
Revenue Next 2Y-2.11%
Revenue Next 3Y-0.44%
Revenue Next 5Y0.14%
EBIT growth 1Y-35.93%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year15.41%
EBIT Next 3Y5.01%
EBIT Next 5Y2.3%
FCF growth 1Y-25.79%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y-16.19%
OCF growth 3Y188.73%
OCF growth 5Y13.41%