TENARIS SA-ADR (TS) Fundamental Analysis & Valuation
NYSE:TS • US88031M1099
52.53 USD
-0.16 (-0.3%)
At close: Mar 6, 2026
52.53 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
This TS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall TS gets a fundamental rating of 6 out of 10. We evaluated TS against 60 industry peers in the Energy Equipment & Services industry. Both the health and profitability get an excellent rating, making TS a very profitable company, without any liquidiy or solvency issues. TS has a valuation in line with the averages, but it does not seem to be growing.
1. TS Profitability Analysis
1.1 Basic Checks
- TS had positive earnings in the past year.
- In the past year TS had a positive cash flow from operations.
- In the past 5 years TS has always been profitable.
- Each year in the past 5 years TS had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of TS (9.77%) is better than 96.67% of its industry peers.
- Looking at the Return On Equity, with a value of 11.74%, TS is in the better half of the industry, outperforming 78.33% of the companies in the same industry.
- With a decent Return On Invested Capital value of 9.89%, TS is doing good in the industry, outperforming 78.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.77% | ||
| ROE | 11.74% | ||
| ROIC | 9.89% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- The Profit Margin of TS (16.91%) is better than 95.00% of its industry peers.
- TS's Profit Margin has declined in the last couple of years.
- TS has a better Operating Margin (18.86%) than 81.67% of its industry peers.
- TS's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 34.05%, TS is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- In the last couple of years the Gross Margin of TS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.86% | ||
| PM (TTM) | 16.91% | ||
| GM | 34.05% |
OM growth 3Y-10.01%
OM growth 5YN/A
PM growth 3Y-9.42%
PM growth 5YN/A
GM growth 3Y-4.83%
GM growth 5Y10.81%
2. TS Health Analysis
2.1 Basic Checks
- TS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- TS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- An Altman-Z score of 7.21 indicates that TS is not in any danger for bankruptcy at the moment.
- TS has a better Altman-Z score (7.21) than 98.33% of its industry peers.
- The Debt to FCF ratio of TS is 0.29, which is an excellent value as it means it would take TS, only 0.29 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of TS (0.29) is better than 91.67% of its industry peers.
- TS 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 TS (0.01) is better than 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 7.21 |
ROIC/WACC1.29
WACC7.65%
2.3 Liquidity
- A Current Ratio of 4.08 indicates that TS has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 4.08, TS belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
- TS has a Quick Ratio of 2.55. This indicates that TS is financially healthy and has no problem in meeting its short term obligations.
- TS's Quick ratio of 2.55 is amongst the best of the industry. TS outperforms 88.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
3. TS Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 2.79% over the past year.
- The Earnings Per Share has been decreasing by -5.20% on average over the past years.
- Looking at the last year, TS shows a decrease in Revenue. The Revenue has decreased by -4.33% in the last year.
- Measured over the past years, TS 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
- The Earnings Per Share is expected to decrease by -1.37% on average over the next years.
- The Revenue is expected to grow by 2.71% on average over the next years.
EPS Next Y1.61%
EPS Next 2Y3.97%
EPS Next 3Y1.82%
EPS Next 5Y-1.37%
Revenue Next Year0.38%
Revenue Next 2Y1.61%
Revenue Next 3Y1.37%
Revenue Next 5Y2.71%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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. TS Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 14.27, TS is valued correctly.
- Compared to the rest of the industry, the Price/Earnings ratio of TS indicates a rather cheap valuation: TS is cheaper than 88.33% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of TS to the average of the S&P500 Index (26.29), we can say TS is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 14.05, the valuation of TS can be described as correct.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TS indicates a rather cheap valuation: TS is cheaper than 91.67% of the companies listed in the same industry.
- TS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.27 | ||
| Fwd PE | 14.05 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TS is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
- TS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TS is cheaper than 68.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.25 | ||
| EV/EBITDA | 7.59 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TS does not grow enough to justify the current Price/Earnings ratio.
- The decent profitability rating of TS may justify a higher PE ratio.
PEG (NY)8.86
PEG (5Y)N/A
EPS Next 2Y3.97%
EPS Next 3Y1.82%
5. TS Dividend Analysis
5.1 Amount
- TS has a Yearly Dividend Yield of 3.26%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.04, TS pays a better dividend. On top of this TS pays more dividend than 90.00% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, TS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.26% |
5.2 History
- On average, the dividend of TS grows each year by 10.42%, which is quite nice.
- TS has been paying a dividend for at least 10 years, so it has a reliable track record.
- TS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.42%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- 44.97% of the earnings are spent on dividend by TS. This is a bit on the high side, but may be sustainable.
DP44.97%
EPS Next 2Y3.97%
EPS Next 3Y1.82%
TS Fundamentals: All Metrics, Ratios and Statistics
52.53
-0.16 (-0.3%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18 2026-02-18/bmo
Earnings (Next)05-06 2026-05-06
Inst Owners13.4%
Inst Owner Change-8.52%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap26.52B
Revenue(TTM)11.98B
Net Income(TTM)2.00B
Analysts76
Price Target51.67 (-1.64%)
Short Float %3.83%
Short Ratio4.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.26% |
Yearly Dividend0.67
Dividend Growth(5Y)10.42%
DP44.97%
Div Incr Years3
Div Non Decr Years3
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)17.08%
PT rev (3m)19.35%
EPS NQ rev (1m)-3.91%
EPS NQ rev (3m)-6.14%
EPS NY rev (1m)-3.67%
EPS NY rev (3m)-0.08%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-0.6%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)-0.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.27 | ||
| Fwd PE | 14.05 | ||
| P/S | 2.24 | ||
| P/FCF | 16.25 | ||
| P/OCF | 11.51 | ||
| P/B | 1.56 | ||
| P/tB | 1.69 | ||
| EV/EBITDA | 7.59 |
EPS(TTM)3.68
EY7.01%
EPS(NY)3.74
Fwd EY7.12%
FCF(TTM)3.23
FCFY6.16%
OCF(TTM)4.57
OCFY8.69%
SpS23.44
BVpS33.76
TBVpS31.07
PEG (NY)8.86
PEG (5Y)N/A
Graham Number52.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.77% | ||
| ROE | 11.74% | ||
| ROCE | 12.28% | ||
| ROIC | 9.89% | ||
| ROICexc | 11.83% | ||
| ROICexgc | 12.99% | ||
| OM | 18.86% | ||
| PM (TTM) | 16.91% | ||
| GM | 34.05% | ||
| FCFM | 13.8% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-10.01%
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 Turnover0.58
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 | 7.21 |
F-Score6
WACC7.65%
ROIC/WACC1.29
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 Y1.61%
EPS Next 2Y3.97%
EPS Next 3Y1.82%
EPS Next 5Y-1.37%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%
Revenue Next Year0.38%
Revenue Next 2Y1.61%
Revenue Next 3Y1.37%
Revenue Next 5Y2.71%
EBIT growth 1Y-17.16%
EBIT growth 3Y-9.46%
EBIT growth 5YN/A
EBIT Next Year25.51%
EBIT Next 3Y10.04%
EBIT Next 5Y3.31%
FCF growth 1Y-35.11%
FCF growth 3Y37.06%
FCF growth 5Y8.37%
OCF growth 1Y-28.2%
OCF growth 3Y30.59%
OCF growth 5Y11.32%
TENARIS SA-ADR / TS FAQ
Can you provide the ChartMill fundamental rating for TENARIS SA-ADR?
ChartMill assigns a fundamental rating of 6 / 10 to TS.
What is the valuation status for TS stock?
ChartMill assigns a valuation rating of 5 / 10 to TENARIS SA-ADR (TS). This can be considered as Fairly Valued.
Can you provide the profitability details for TENARIS SA-ADR?
TENARIS SA-ADR (TS) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for TS stock?
The Price/Earnings (PE) ratio for TENARIS SA-ADR (TS) is 14.27 and the Price/Book (PB) ratio is 1.56.
How sustainable is the dividend of TENARIS SA-ADR (TS) stock?
The dividend rating of TENARIS SA-ADR (TS) is 6 / 10 and the dividend payout ratio is 44.97%.