TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:TEN - LU2598331598 - Common Stock
18.095 EUR
-0.03 (-0.17%)
Overall TEN gets a fundamental rating of 7 out of 10. We evaluated TEN against 39 industry peers in the Energy Equipment & Services industry. Both the health and profitability get an excellent rating, making TEN a very profitable company, without any liquidiy or solvency issues. TEN has a valuation in line with the averages, but it does not seem to be growing. TEN also has an excellent dividend rating. This makes TEN very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
- In the past year TEN was profitable.
- TEN had a positive operating cash flow in the past year.
- TEN had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years TEN had a positive operating cash flow.
1.2 Ratios
- TEN has a better Return On Assets (9.77%) than 79.49% of its industry peers.
- TEN's Return On Equity of 11.74% is fine compared to the rest of the industry. TEN outperforms 61.54% 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 69.23% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for TEN is significantly above the industry average of 10.38%.
- 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 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
- TEN has a Profit Margin of 16.91%. This is amongst the best in the industry. TEN outperforms 82.05% of its industry peers.
- TEN's Profit Margin has improved in the last couple of years.
- The Operating Margin of TEN (18.86%) is better than 71.79% of its industry peers.
- In the last couple of years the Operating Margin of TEN has grown nicely.
- The Gross Margin of TEN (34.05%) is better than 71.79% 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.
- 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.
2.2 Solvency
- An Altman-Z score of 4.47 indicates that TEN is not in any danger for bankruptcy at the moment.
- The Altman-Z score of TEN (4.47) is better than 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.
- TEN has a better Debt to FCF ratio (0.29) than 92.31% of its industry peers.
- A Debt/Equity ratio of 0.01 indicates that TEN is not too dependend on debt financing.
- TEN has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. TEN outperforms 89.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.47 |
ROIC/WACC1.35
WACC7.6%
2.3 Liquidity
- A Current Ratio of 4.08 indicates that TEN has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 4.08, TEN belongs to the top of the industry, outperforming 87.18% of the companies in the same industry.
- TEN has a Quick Ratio of 2.55. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
- TEN's Quick ratio of 2.55 is amongst the best of the industry. TEN outperforms 82.05% 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%.
- TEN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.23% yearly.
- 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.
- TEN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.51% yearly.
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
- A Price/Earnings ratio of 11.24 indicates a reasonable 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 69.23% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.54, TEN is valued rather cheaply.
- With a Price/Forward Earnings ratio of 11.28, the valuation of TEN can be described as very reasonable.
- 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 (24.31), we can say TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.24 | ||
| Fwd PE | 11.28 |
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 89.74% of the companies listed in the same industry.
- 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 | 6.71 | ||
| EV/EBITDA | 2.11 |
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)1.45
PEG (5Y)0.48
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.
- Compared to an average industry Dividend Yield of 3.81, TEN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.92, TEN pays a better dividend.
| 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
- 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%
BIT:TEN (1/15/2026, 7:00:00 PM)
18.095
-0.03 (-0.17%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-17 2026-02-17/amc
Inst Owners13.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap9.40B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts75.79
Price Target18.99 (4.95%)
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 | 11.24 | ||
| Fwd PE | 11.28 | ||
| P/S | 0.93 | ||
| P/FCF | 6.71 | ||
| P/OCF | 4.75 | ||
| P/B | 0.64 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 2.11 |
EPS(TTM)1.61
EY8.9%
EPS(NY)1.6
Fwd EY8.87%
FCF(TTM)2.7
FCFY14.9%
OCF(TTM)3.81
OCFY21.04%
SpS19.55
BVpS28.16
TBVpS25.91
PEG (NY)1.45
PEG (5Y)0.48
Graham Number31.94
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 | 4.47 |
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 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 11.24 and the Price/Book (PB) ratio is 0.64.
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%.