TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - BIT:TEN - LU2598331598 - Common Stock
17.485 EUR
+0.36 (+2.07%)
Taking everything into account, TEN scores 7 out of 10 in our fundamental rating. TEN was compared to 37 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 is valued correctly, but it does not seem to be growing. Finally 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.
In the past 5 years TEN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of TEN (9.77%) is better than 83.78% of its industry peers.
TEN has a Return On Equity of 11.74%. This is in the better half of the industry: TEN outperforms 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 62.16% 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 11.08%.
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
The Profit Margin of TEN (16.91%) is better than 86.49% of its industry peers.
In the last couple of years the Profit Margin of TEN has grown nicely.
TEN has a Operating Margin of 18.86%. This is in the better half of the industry: TEN outperforms 67.57% of its industry peers.
In the last couple of years the Operating Margin of TEN has grown nicely.
Looking at the Gross Margin, with a value of 34.05%, TEN is in the better half of the industry, outperforming 72.97% 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
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 4.36 indicates that TEN is not in any danger for bankruptcy at the moment.
TEN has a Altman-Z score of 4.36. This is amongst the best in the industry. TEN outperforms 94.59% 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.
The Debt to FCF ratio of TEN (0.29) is better than 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.
Looking at the Debt to Equity ratio, with a value of 0.01, TEN belongs to the top of the industry, outperforming 91.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.36 |
ROIC/WACC1.35
WACC7.58%
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.
The Current ratio of TEN (4.08) is better than 89.19% of its industry peers.
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 86.49% 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.
The Revenue has decreased by -9.64% in the past year.
Measured over the past years, TEN shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
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
TEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.48% yearly.
Based on estimates for the next years, TEN will show a small growth in Revenue. The Revenue will grow by 1.51% on average per year.
EPS Next Y6.71%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
EPS Next 5Y-0.48%
Revenue Next Year-4.25%
Revenue Next 2Y-1.76%
Revenue Next 3Y-0.03%
Revenue Next 5Y1.51%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.86 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 62.16% of the companies listed in the same industry.
TEN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.46.
With a Price/Forward Earnings ratio of 10.93, the valuation of TEN can be described as very reasonable.
TEN's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 35.39. TEN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.86 | ||
| Fwd PE | 10.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaply inside the industry as 91.89% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than 67.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.45 | ||
| EV/EBITDA | 1.88 |
4.3 Compensation for Growth
TEN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TEN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.62
PEG (5Y)0.47
EPS Next 2Y1.79%
EPS Next 3Y2.3%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 4.00%, which is a nice return.
TEN's Dividend Yield is a higher than the industry average which is at 7.54.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
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
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 2Y1.79%
EPS Next 3Y2.3%
BIT:TEN (11/19/2025, 7:00:00 PM)
17.485
+0.36 (+2.07%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners13.42%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap9.08B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76.67
Price Target18.27 (4.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
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%
PT rev (3m)-0.72%
EPS NQ rev (1m)-8.33%
EPS NQ rev (3m)-5.17%
EPS NY rev (1m)-3.49%
EPS NY rev (3m)-10.29%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)-1.72%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.86 | ||
| Fwd PE | 10.93 | ||
| P/S | 0.89 | ||
| P/FCF | 6.45 | ||
| P/OCF | 4.57 | ||
| P/B | 0.62 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 1.88 |
EPS(TTM)1.61
EY9.21%
EPS(NY)1.6
Fwd EY9.15%
FCF(TTM)2.71
FCFY15.51%
OCF(TTM)3.83
OCFY21.89%
SpS19.65
BVpS28.3
TBVpS26.05
PEG (NY)1.62
PEG (5Y)0.47
Graham Number32.02
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 | 4.36 |
F-Score6
WACC7.58%
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 Y6.71%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
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-4.25%
Revenue Next 2Y-1.76%
Revenue Next 3Y-0.03%
Revenue Next 5Y1.51%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year14.46%
EBIT Next 3Y4.78%
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.
Can you provide the valuation status for TENARIS SA?
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 is the valuation of TENARIS SA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TENARIS SA (TEN.MI) is 10.86 and the Price/Book (PB) ratio is 0.62.
How financially healthy is TENARIS SA?
The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.