TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:TEN - LU2598331598 - Common Stock
17.38 EUR
+0.13 (+0.78%)
Taking everything into account, TEN scores 7 out of 10 in our fundamental rating. TEN was compared to 39 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 bad growth rate and is valued cheaply. Finally 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
In the past year TEN was profitable.
In the past year TEN had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 9.77%, TEN is in the better half of the industry, outperforming 79.49% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.74%, TEN is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
With a decent Return On Invested Capital value of 10.23%, TEN is doing good in the industry, outperforming 69.23% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TEN is significantly above the industry average of 10.38%.
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
With an excellent Profit Margin value of 16.91%, TEN belongs to the best of the industry, outperforming 82.05% of the companies in the same industry.
TEN's Profit Margin has improved in the last couple of years.
TEN's Operating Margin of 18.86% is fine compared to the rest of the industry. TEN outperforms 71.79% of its industry peers.
TEN's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 34.05%, TEN is doing good in the industry, outperforming 71.79% 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 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
TEN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for TEN has been reduced compared to 1 year ago.
TEN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for TEN has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.38 indicates that TEN is not in any danger for bankruptcy at the moment.
TEN has a Altman-Z score of 4.38. This is amongst the best in the industry. TEN outperforms 94.87% 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.
Looking at the Debt to FCF ratio, with a value of 0.29, TEN belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that TEN is not too dependend on debt financing.
The Debt to Equity ratio of TEN (0.01) is better than 89.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.38 |
ROIC/WACC1.35
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.
TEN has a better Current ratio (4.08) 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.
Looking at the Quick ratio, with a value of 2.55, TEN belongs to the top of the industry, outperforming 82.05% of the companies in the same industry.
| 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
TEN shows a decrease in Revenue. In the last year, the revenue decreased by -9.64%.
The Revenue has been growing by 11.42% on average over the past years. This is quite good.
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
Based on estimates for the next years, TEN will show a decrease in Earnings Per Share. The EPS will decrease by -0.48% on average per year.
The Revenue is expected to grow by 1.51% on average over the next years.
EPS Next Y7.74%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
EPS Next 5Y-0.48%
Revenue Next Year-4.18%
Revenue Next 2Y-2.02%
Revenue Next 3Y-0.36%
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
With a Price/Earnings ratio of 10.80, the valuation of TEN can be described as very reasonable.
TEN's Price/Earnings ratio is a bit cheaper when compared to the industry. TEN is cheaper than 69.23% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.25. TEN is valued rather cheaply when compared to this.
TEN is valuated reasonably with a Price/Forward Earnings ratio of 10.82.
TEN's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of TEN to the average of the S&P500 Index (23.98), we can say TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 10.82 |
4.2 Price Multiples
92.31% of the companies in the same industry are more expensive than TEN, based on the Enterprise Value to EBITDA ratio.
71.79% 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 | 6.44 | ||
| EV/EBITDA | 1.92 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of TEN may justify a higher PE ratio.
PEG (NY)1.39
PEG (5Y)0.46
EPS Next 2Y2.2%
EPS Next 3Y3.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.17%, TEN is a good candidate for dividend investing.
TEN's Dividend Yield is a higher than the industry average which is at 3.81.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
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
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 2Y2.2%
EPS Next 3Y3.58%
BIT:TEN (1/12/2026, 7:00:00 PM)
17.38
+0.13 (+0.78%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners13.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap9.03B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts75.79
Price Target18.99 (9.26%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
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)0.08%
PT rev (3m)3.9%
EPS NQ rev (1m)2.1%
EPS NQ rev (3m)-32.5%
EPS NY rev (1m)7.08%
EPS NY rev (3m)-2.56%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.8 | ||
| Fwd PE | 10.82 | ||
| P/S | 0.89 | ||
| P/FCF | 6.44 | ||
| P/OCF | 4.56 | ||
| P/B | 0.62 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 1.92 |
EPS(TTM)1.61
EY9.26%
EPS(NY)1.61
Fwd EY9.24%
FCF(TTM)2.7
FCFY15.53%
OCF(TTM)3.81
OCFY21.93%
SpS19.56
BVpS28.18
TBVpS25.93
PEG (NY)1.39
PEG (5Y)0.46
Graham Number31.95
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 | 4.38 |
F-Score6
WACC7.6%
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 Y7.74%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
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-4.18%
Revenue Next 2Y-2.02%
Revenue Next 3Y-0.36%
Revenue Next 5Y1.51%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year18.88%
EBIT Next 3Y5.97%
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.
What is the valuation status of TENARIS SA (TEN.MI) stock?
ChartMill assigns a valuation rating of 7 / 10 to TENARIS SA (TEN.MI). This can be considered as Undervalued.
How profitable is TENARIS SA (TEN.MI) stock?
TENARIS SA (TEN.MI) has a profitability rating of 8 / 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 10.8 and the Price/Book (PB) ratio is 0.62.
Can you provide the dividend sustainability for TEN stock?
The dividend rating of TENARIS SA (TEN.MI) is 7 / 10 and the dividend payout ratio is 44.97%.