TENARIS SA (TEN.MI) Stock Fundamental Analysis

BIT:TEN • LU2598331598

20.29 EUR
-0.01 (-0.05%)
Last: Feb 16, 2026, 09:11 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

TEN gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 37 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 correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year TEN was profitable.
  • TEN had a positive operating cash flow in the past year.
  • Of the past 5 years TEN 4 years were 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 0 1B 2B 3B 4B

1.2 Ratios

  • TEN's Return On Assets of 9.77% is fine compared to the rest of the industry. TEN outperforms 78.38% of its industry peers.
  • The Return On Equity of TEN (11.74%) is better than 62.16% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 10.23%, TEN is in the better half of the industry, outperforming 70.27% 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 significantly above the industry average of 10.24%.
  • The last Return On Invested Capital (10.23%) 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 RankSector 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
TEN.MI Yearly ROA, ROE, ROICTEN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15 20

1.3 Margins

  • With an excellent Profit Margin value of 16.91%, TEN belongs to the best of the industry, outperforming 81.08% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TEN has grown nicely.
  • TEN has a better Operating Margin (18.86%) than 70.27% of its industry peers.
  • In the last couple of years the Operating Margin of TEN has grown nicely.
  • TEN has a Gross Margin of 34.05%. This is in the better half of the industry: TEN outperforms 70.27% of its industry peers.
  • TEN's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
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 0 10 -10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

10

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TEN is creating value.
  • Compared to 1 year ago, TEN has less shares outstanding
  • 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.
TEN.MI Yearly Shares OutstandingTEN.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 4.68 indicates that TEN is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 4.68, TEN belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
  • TEN has a debt to FCF ratio of 0.29. This is a very positive value and a sign of high solvency as it would only need 0.29 years to pay back of all of its debts.
  • TEN has a better Debt to FCF ratio (0.29) than 91.89% 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.
  • With an excellent Debt to Equity ratio value of 0.01, TEN belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 4.68
ROIC/WACC1.32
WACC7.74%
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 0 5B 10B 15B

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.
  • Looking at the Current ratio, with a value of 4.08, TEN belongs to the top of the industry, outperforming 86.49% of the companies in the same industry.
  • A Quick Ratio of 2.55 indicates that TEN has no problem at all paying its short term obligations.
  • TEN has a better Quick ratio (2.55) than 83.78% of its industry peers.
Industry RankSector Rank
Current Ratio 4.08
Quick Ratio 2.55
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 2B 4B 6B 8B 10B

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

3

3. Growth

3.1 Past

  • The earnings per share for TEN have decreased strongly by -17.98% in the last year.
  • Measured over the past years, TEN shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.23% on average per year.
  • 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

  • The Earnings Per Share is expected to decrease by -0.60% on average over the next years.
  • Based on estimates for the next years, TEN will show a small growth in Revenue. The Revenue will grow by 1.41% on average per year.
EPS Next Y7.74%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
EPS Next 5Y-0.6%
Revenue Next Year-4.18%
Revenue Next 2Y-2.02%
Revenue Next 3Y-0.36%
Revenue Next 5Y1.41%

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.
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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6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.84 indicates a correct valuation of TEN.
  • Compared to the rest of the industry, the Price/Earnings ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 67.57% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.68. TEN is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 12.87, the valuation of TEN can be described as correct.
  • 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 (28.06), we can say TEN is valued rather cheaply.
Industry RankSector Rank
PE 12.84
Fwd PE 12.87
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TEN indicates a rather cheap valuation: TEN is cheaper than 89.19% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than 70.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.44
EV/EBITDA 2.53
TEN.MI Per share dataTEN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • TEN's 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)1.66
PEG (5Y)0.55
EPS Next 2Y2.2%
EPS Next 3Y3.58%

More info and screens

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

6

5. Dividend

5.1 Amount

  • TEN has a Yearly Dividend Yield of 3.52%.
  • TEN's Dividend Yield is a higher than the industry average which is at 3.23.
  • Compared to an average S&P500 Dividend Yield of 1.84, TEN pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.52%

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 44.97% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.97%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
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 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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TENARIS SA

BIT:TEN (2/16/2026, 9:11:45 AM)

20.29

-0.01 (-0.05%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-29
Earnings (Next)02-18
Inst Owners13.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap10.24B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76
Price Target19.07 (-6.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.52%
Yearly Dividend0.57
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)0.42%
PT rev (3m)4.34%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)-26.55%
EPS NY rev (1m)0%
EPS NY rev (3m)0.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.07%
Valuation
Industry RankSector Rank
PE 12.84
Fwd PE 12.87
P/S 1.03
P/FCF 7.44
P/OCF 5.27
P/B 0.71
P/tB 0.77
EV/EBITDA 2.53
EPS(TTM)1.58
EY7.79%
EPS(NY)1.58
Fwd EY7.77%
FCF(TTM)2.73
FCFY13.43%
OCF(TTM)3.85
OCFY18.97%
SpS19.76
BVpS28.46
TBVpS26.19
PEG (NY)1.66
PEG (5Y)0.55
Graham Number31.81
Profitability
Industry RankSector 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 RankSector 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 4.68
F-Score6
WACC7.74%
ROIC/WACC1.32
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-0.6%
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 5Y1.41%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year18.88%
EBIT Next 3Y5.97%
EBIT Next 5Y2.26%
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 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 are the PE and PB ratios of TENARIS SA (TEN.MI) stock?

The Price/Earnings (PE) ratio for TENARIS SA (TEN.MI) is 12.84 and the Price/Book (PB) ratio is 0.71.


Can you provide the dividend sustainability for TEN stock?

The dividend rating of TENARIS SA (TEN.MI) is 6 / 10 and the dividend payout ratio is 44.97%.