TENARIS SA-ADR (TS) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:TS • US88031M1099
45.16 USD
+0.49 (+1.1%)
Last: Feb 3, 2026, 09:59 AM
Taking everything into account, TS scores 8 out of 10 in our fundamental rating. TS was compared to 61 industry peers in the Energy Equipment & Services industry. TS has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TS is valued quite cheap, but it does not seem to be growing. With these ratings, TS could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
- In the past year TS was profitable.
- In the past year TS had a positive cash flow from operations.
- TS had positive earnings in 4 of the past 5 years.
- TS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- TS has a better Return On Assets (9.77%) than 95.08% of its industry peers.
- TS's Return On Equity of 11.74% is fine compared to the rest of the industry. TS outperforms 72.13% of its industry peers.
- TS has a Return On Invested Capital of 10.23%. This is amongst the best in the industry. TS outperforms 80.33% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for TS is above the industry average of 12.88%.
- The last Return On Invested Capital (10.23%) for TS is well below the 3 year average (16.25%), which needs to be investigated, but indicates that TS 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%, TS belongs to the top of the industry, outperforming 95.08% of the companies in the same industry.
- TS's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 18.86%, TS belongs to the top of the industry, outperforming 81.97% of the companies in the same industry.
- TS's Operating Margin has improved in the last couple of years.
- TS's Gross Margin of 34.05% is fine compared to the rest of the industry. TS outperforms 75.41% of its industry peers.
- 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 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
- TS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- Compared to 1 year ago, TS has less shares outstanding
- The number of shares outstanding for TS has been reduced compared to 5 years ago.
- Compared to 1 year ago, TS has an improved debt to assets ratio.
2.2 Solvency
- TS has an Altman-Z score of 6.50. This indicates that TS is financially healthy and has little risk of bankruptcy at the moment.
- TS's Altman-Z score of 6.50 is amongst the best of the industry. TS outperforms 98.36% 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 91.80% 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.
- TS has a better Debt to Equity ratio (0.01) than 91.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 6.5 |
ROIC/WACC1.32
WACC7.74%
2.3 Liquidity
- A Current Ratio of 4.08 indicates that TS has no problem at all paying its short term obligations.
- TS's Current ratio of 4.08 is amongst the best of the industry. TS outperforms 91.80% of its industry peers.
- 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 has a better Quick ratio (2.55) than 88.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
- The earnings per share for TS have decreased strongly by -17.98% in the last year.
- The Earnings Per Share has been growing by 23.23% on average over the past years. This is a very strong growth
- Looking at the last year, TS shows a decrease in Revenue. The Revenue has decreased by -9.64% in the last year.
- TS 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 3Y25.95%
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 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 11.64 indicates a reasonable valuation of TS.
- Compared to the rest of the industry, the Price/Earnings ratio of TS indicates a rather cheap valuation: TS is cheaper than 90.16% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.41, TS is valued rather cheaply.
- TS is valuated reasonably with a Price/Forward Earnings ratio of 11.63.
- 95.08% of the companies in the same industry are more expensive than TS, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of TS to the average of the S&P500 Index (25.64), we can say TS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.64 | ||
| Fwd PE | 11.63 |
4.2 Price Multiples
- 75.41% of the companies in the same industry are more expensive than TS, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, TS is valued a bit cheaper than 73.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.97 | ||
| EV/EBITDA | 6.17 |
4.3 Compensation for Growth
- TS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- TS has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.5
PEG (5Y)0.5
EPS Next 2Y2.2%
EPS Next 3Y3.58%
5. Dividend
5.1 Amount
- TS has a Yearly Dividend Yield of 3.70%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.12, TS pays a better dividend. On top of this TS pays more dividend than 91.80% of the companies listed in the same industry.
- TS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
5.2 History
- The dividend of TS is nicely growing with an annual growth rate of 10.42%!
- TS has paid a dividend for at least 10 years, which is 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 2Y2.2%
EPS Next 3Y3.58%
NYSE:TS (2/3/2026, 9:59:02 AM)
45.16
+0.49 (+1.1%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-18 2026-02-18/amc
Inst Owners13.4%
Inst Owner Change-0.56%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap22.80B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts75.79
Price Target44.13 (-2.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
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)4.13%
PT rev (3m)3.46%
EPS NQ rev (1m)2.9%
EPS NQ rev (3m)-31.88%
EPS NY rev (1m)2.9%
EPS NY rev (3m)-1.66%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-0.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.64 | ||
| Fwd PE | 11.63 | ||
| P/S | 1.93 | ||
| P/FCF | 13.97 | ||
| P/OCF | 9.89 | ||
| P/B | 1.34 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 6.17 |
EPS(TTM)3.88
EY8.59%
EPS(NY)3.88
Fwd EY8.6%
FCF(TTM)3.23
FCFY7.16%
OCF(TTM)4.57
OCFY10.11%
SpS23.44
BVpS33.76
TBVpS31.07
PEG (NY)1.5
PEG (5Y)0.5
Graham Number54.29
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 | 6.5 |
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 3Y25.95%
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-ADR / TS FAQ
Can you provide the ChartMill fundamental rating for TENARIS SA-ADR?
ChartMill assigns a fundamental rating of 8 / 10 to TS.
What is the valuation status for TS stock?
ChartMill assigns a valuation rating of 7 / 10 to TENARIS SA-ADR (TS). This can be considered as Undervalued.
Can you provide the profitability details for TENARIS SA-ADR?
TENARIS SA-ADR (TS) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for TS stock?
The Price/Earnings (PE) ratio for TENARIS SA-ADR (TS) is 11.64 and the Price/Book (PB) ratio is 1.34.
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%.