TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:TEN - LU2598331598 - Common Stock
17.17 EUR
-0.1 (-0.58%)
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 has a valuation in line with the averages, but it does not seem to be growing.
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
TEN's Return On Assets of 9.77% is amongst the best of the industry. TEN outperforms 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 64.86% of its industry peers.
The Return On Invested Capital of TEN (10.23%) is better than 67.57% of its industry peers.
TEN had an Average Return On Invested Capital over the past 3 years of 16.25%. This is significantly above the industry average of 10.92%.
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
Looking at the Profit Margin, with a value of 16.91%, TEN belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
TEN's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 18.86%, TEN is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
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 75.68% of the companies in the same industry.
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.
TEN has less shares outstanding than it did 1 year ago.
TEN has less shares outstanding than it did 5 years ago.
TEN has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.39 indicates that TEN is not in any danger for bankruptcy at the moment.
TEN has a Altman-Z score of 4.39. This is amongst the best in the industry. TEN outperforms 91.89% of its industry peers.
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.
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.
TEN has a better Debt to Equity ratio (0.01) than 91.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.39 |
ROIC/WACC1.33
WACC7.68%
2.3 Liquidity
A Current Ratio of 4.08 indicates that TEN has no problem at all paying its short term obligations.
TEN's Current ratio of 4.08 is amongst the best of the industry. TEN outperforms 89.19% of its industry peers.
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.
With an excellent Quick ratio value of 2.55, TEN belongs to the best of the industry, outperforming 86.49% 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%.
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%.
TEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
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 -0.48% on average over the next years.
The Revenue is expected to grow by 1.51% on average over the next years.
EPS Next Y0.62%
EPS Next 2Y-1.08%
EPS Next 3Y0.78%
EPS Next 5Y-0.48%
Revenue Next Year-4.25%
Revenue Next 2Y-1.77%
Revenue Next 3Y-0.11%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 10.73, which indicates a very decent valuation of TEN.
TEN's Price/Earnings ratio is a bit cheaper when compared to the industry. TEN is cheaper than 70.27% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.54, TEN is valued rather cheaply.
TEN is valuated reasonably with a Price/Forward Earnings ratio of 11.48.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TEN is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.78, TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 11.48 |
4.2 Price Multiples
91.89% of the companies in the same industry are more expensive than TEN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.4 | ||
| EV/EBITDA | 1.95 |
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.
TEN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)17.27
PEG (5Y)0.46
EPS Next 2Y-1.08%
EPS Next 3Y0.78%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 4.09%, which is a nice return.
Compared to an average industry Dividend Yield of 7.46, TEN has a dividend in line with its industry peers.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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 2Y-1.08%
EPS Next 3Y0.78%
BIT:TEN (12/12/2025, 7:00:00 PM)
17.17
-0.1 (-0.58%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners13.38%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap8.92B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76.67
Price Target18.97 (10.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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)3.82%
PT rev (3m)3.82%
EPS NQ rev (1m)-27.88%
EPS NQ rev (3m)-31.61%
EPS NY rev (1m)-5.7%
EPS NY rev (3m)-9.13%
Revenue NQ rev (1m)1.21%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 11.48 | ||
| P/S | 0.88 | ||
| P/FCF | 6.4 | ||
| P/OCF | 4.53 | ||
| P/B | 0.61 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 1.95 |
EPS(TTM)1.6
EY9.32%
EPS(NY)1.5
Fwd EY8.71%
FCF(TTM)2.68
FCFY15.62%
OCF(TTM)3.79
OCFY22.06%
SpS19.44
BVpS28.01
TBVpS25.77
PEG (NY)17.27
PEG (5Y)0.46
Graham Number31.75
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 | 4.39 |
F-Score6
WACC7.68%
ROIC/WACC1.33
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 Y0.62%
EPS Next 2Y-1.08%
EPS Next 3Y0.78%
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-1.77%
Revenue Next 3Y-0.11%
Revenue Next 5Y1.51%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year18.55%
EBIT Next 3Y6.11%
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 10.73 and the Price/Book (PB) ratio is 0.61.
How financially healthy is TENARIS SA?
The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.