TENARIS SA (TEN.MI) Fundamental Analysis & Valuation

BIT:TEN • LU2598331598

Current stock price

26.78 EUR
+0.14 (+0.53%)
Last:

This TEN.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TEN.MI Profitability Analysis

1.1 Basic Checks

  • In the past year TEN was profitable.
  • TEN had a positive operating cash flow in the past year.
  • Each year in the past 5 years TEN has been profitable.
  • Each year in the past 5 years TEN had a positive operating cash flow.
TEN.MI Yearly Net Income VS EBIT VS OCF VS FCFTEN.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

1.2 Ratios

  • TEN's Return On Assets of 9.63% is amongst the best of the industry. TEN outperforms 83.33% of its industry peers.
  • TEN has a Return On Equity (11.64%) which is comparable to the rest of the industry.
  • With a decent Return On Invested Capital value of 10.43%, TEN is doing good in the industry, outperforming 69.44% of the companies in the same industry.
  • TEN had an Average Return On Invested Capital over the past 3 years of 13.59%. This is above the industry average of 9.97%.
Industry RankSector Rank
ROA 9.63%
ROE 11.64%
ROIC 10.43%
ROA(3y)12.72%
ROA(5y)12.07%
ROE(3y)15.73%
ROE(5y)14.95%
ROIC(3y)13.59%
ROIC(5y)12.49%
TEN.MI Yearly ROA, ROE, ROICTEN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 16.13%, 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 better Operating Margin (19.18%) than 72.22% of its industry peers.
  • TEN's Operating Margin has declined in the last couple of years.
  • With a decent Gross Margin value of 34.39%, TEN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • TEN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 19.18%
PM (TTM) 16.13%
GM 34.39%
OM growth 3Y-9.82%
OM growth 5YN/A
PM growth 3Y-9.42%
PM growth 5YN/A
GM growth 3Y-4.83%
GM growth 5Y10.81%
TEN.MI Yearly Profit, Operating, Gross MarginsTEN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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10

2. TEN.MI Health Analysis

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.
  • The number of shares outstanding for TEN has been reduced compared to 5 years ago.
  • Compared to 1 year ago, TEN has an improved debt to assets ratio.
TEN.MI Yearly Shares OutstandingTEN.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TEN.MI Yearly Total Debt VS Total AssetsTEN.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 8.41 indicates that TEN is not in any danger for bankruptcy at the moment.
  • TEN has a better Altman-Z score (8.41) than 91.67% of its industry peers.
  • TEN has a debt to FCF ratio of 0.23. This is a very positive value and a sign of high solvency as it would only need 0.23 years to pay back of all of its debts.
  • TEN's Debt to FCF ratio of 0.23 is amongst the best of the industry. TEN outperforms 97.22% 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.
  • The Debt to Equity ratio of TEN (0.01) is better than 88.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.23
Altman-Z 8.41
ROIC/WACC1.39
WACC7.5%
TEN.MI Yearly LT Debt VS Equity VS FCFTEN.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 3.87 indicates that TEN has no problem at all paying its short term obligations.
  • TEN's Current ratio of 3.87 is amongst the best of the industry. TEN outperforms 88.89% of its industry peers.
  • A Quick Ratio of 2.33 indicates that TEN has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 2.33, TEN belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.87
Quick Ratio 2.33
TEN.MI Yearly Current Assets VS Current LiabilitesTEN.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

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.
  • TEN shows a decrease in Revenue. In the last year, the revenue decreased by -4.33%.
  • Measured over the past years, TEN shows a quite strong growth in Revenue. The Revenue has been growing by 18.41% on average per year.
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

  • TEN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.08% yearly.
  • Based on estimates for the next years, TEN will show a small growth in Revenue. The Revenue will grow by 1.45% on average per year.
EPS Next Y1.81%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
EPS Next 5Y3.08%
Revenue Next Year1.02%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.45%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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.
TEN.MI Yearly Revenue VS EstimatesTEN.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B
TEN.MI Yearly EPS VS EstimatesTEN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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4

4. TEN.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • TEN is valuated rather expensively with a Price/Earnings ratio of 17.06.
  • Based on the Price/Earnings ratio, TEN is valued a bit cheaper than 69.44% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of TEN to the average of the S&P500 Index (27.42), we can say TEN is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 16.74, the valuation of TEN can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TEN is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 22.29. TEN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.06
Fwd PE 16.74
TEN.MI Price Earnings VS Forward Price EarningsTEN.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as TEN.
  • TEN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 16.96
EV/EBITDA 9.91
TEN.MI Per share dataTEN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TEN does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of TEN may justify a higher PE ratio.
PEG (NY)9.41
PEG (5Y)N/A
EPS Next 2Y4.43%
EPS Next 3Y5.04%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. TEN.MI Dividend Analysis

5.1 Amount

  • TEN has a Yearly Dividend Yield of 2.86%.
  • TEN's Dividend Yield is a higher than the industry average which is at 2.77.
  • TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.86%

5.2 History

  • On average, the dividend of TEN grows each year by 65.12%, which is quite nice.
Dividend Growth(5Y)65.12%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • TEN pays out 46.58% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of TEN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP46.58%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
TEN.MI Yearly Income VS Free CF VS DividendTEN.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B
TEN.MI Dividend Payout.TEN.MI Dividend Payout, showing the Payout Ratio.TEN.MI Dividend Payout.PayoutRetained Earnings

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TEN.MI Fundamentals: All Metrics, Ratios and Statistics

TENARIS SA

BIT:TEN (4/24/2026, 7:00:00 PM)

26.78

+0.14 (+0.53%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners13.04%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap28.71B
Revenue(TTM)11.98B
Net Income(TTM)1.93B
Analysts72
Price Target23.69 (-11.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.86%
Yearly Dividend0.73
Dividend Growth(5Y)65.12%
DP46.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.08%
Min EPS beat(2)-3.68%
Max EPS beat(2)7.83%
EPS beat(4)1
Avg EPS beat(4)-6.67%
Min EPS beat(4)-19.77%
Max EPS beat(4)7.83%
EPS beat(8)4
Avg EPS beat(8)2.34%
EPS beat(12)7
Avg EPS beat(12)8.5%
EPS beat(16)9
Avg EPS beat(16)8.91%
Revenue beat(2)2
Avg Revenue beat(2)1.81%
Min Revenue beat(2)0.24%
Max Revenue beat(2)3.37%
Revenue beat(4)3
Avg Revenue beat(4)1.15%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)3.37%
Revenue beat(8)6
Avg Revenue beat(8)1.82%
Revenue beat(12)10
Avg Revenue beat(12)2.81%
Revenue beat(16)14
Avg Revenue beat(16)2.46%
PT rev (1m)8.66%
PT rev (3m)24.75%
EPS NQ rev (1m)-2.12%
EPS NQ rev (3m)10.12%
EPS NY rev (1m)3.36%
EPS NY rev (3m)0.2%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)2.38%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.74%
Valuation
Industry RankSector Rank
PE 17.06
Fwd PE 16.74
P/S 2.81
P/FCF 16.96
P/OCF 12.93
P/B 2.03
P/tB 2.21
EV/EBITDA 9.91
EPS(TTM)1.57
EY5.86%
EPS(NY)1.6
Fwd EY5.97%
FCF(TTM)1.58
FCFY5.9%
OCF(TTM)2.07
OCFY7.73%
SpS9.54
BVpS13.22
TBVpS12.14
PEG (NY)9.41
PEG (5Y)N/A
Graham Number21.6109 (-19.3%)
Profitability
Industry RankSector Rank
ROA 9.63%
ROE 11.64%
ROCE 12.96%
ROIC 10.43%
ROICexc 12.46%
ROICexgc 13.71%
OM 19.18%
PM (TTM) 16.13%
GM 34.39%
FCFM 16.55%
ROA(3y)12.72%
ROA(5y)12.07%
ROE(3y)15.73%
ROE(5y)14.95%
ROIC(3y)13.59%
ROIC(5y)12.49%
ROICexc(3y)16.6%
ROICexc(5y)14.74%
ROICexgc(3y)18.3%
ROICexgc(5y)16.32%
ROCE(3y)16.89%
ROCE(5y)15.52%
ROICexgc growth 3Y-12.98%
ROICexgc growth 5YN/A
ROICexc growth 3Y-12.68%
ROICexc growth 5YN/A
OM growth 3Y-9.82%
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 Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.23
Debt/EBITDA 0.03
Cap/Depr 100.16%
Cap/Sales 5.15%
Interest Coverage 92.8
Cash Conversion 89.22%
Profit Quality 102.57%
Current Ratio 3.87
Quick Ratio 2.33
Altman-Z 8.41
F-Score6
WACC7.5%
ROIC/WACC1.39
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 Y1.81%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
EPS Next 5Y3.08%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%
Revenue Next Year1.02%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.45%
EBIT growth 1Y-2.95%
EBIT growth 3Y-9.27%
EBIT growth 5YN/A
EBIT Next Year27.78%
EBIT Next 3Y11.15%
EBIT Next 5Y5.43%
FCF growth 1Y-8.3%
FCF growth 3Y37.06%
FCF growth 5Y8.37%
OCF growth 1Y-9.3%
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 4 / 10 to TENARIS SA (TEN.MI). This can be considered as Fairly Valued.


Can you provide the profitability details for TENARIS SA?

TENARIS SA (TEN.MI) has a profitability rating of 6 / 10.


What is the financial health of TENARIS SA (TEN.MI) stock?

The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.


What is the earnings growth outlook for TENARIS SA?

The Earnings per Share (EPS) of TENARIS SA (TEN.MI) is expected to grow by 1.81% in the next year.