TENARIS SA-ADR (TS) Fundamental Analysis & Valuation

NYSE:TS • US88031M1099

Current stock price

59.19 USD
+0.55 (+0.94%)
At close:
59.19 USD
0 (0%)
After Hours:

This TS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. TS Profitability Analysis

1.1 Basic Checks

  • TS had positive earnings in the past year.
  • TS had a positive operating cash flow in the past year.
  • Each year in the past 5 years TS has been profitable.
  • In the past 5 years TS always reported a positive cash flow from operatings.
TS Yearly Net Income VS EBIT VS OCF VS FCFTS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

1.2 Ratios

  • TS has a better Return On Assets (9.77%) than 91.80% of its industry peers.
  • TS has a better Return On Equity (11.74%) than 77.05% of its industry peers.
  • TS has a Return On Invested Capital of 9.89%. This is in the better half of the industry: TS outperforms 78.69% of its industry peers.
Industry RankSector 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
TS Yearly ROA, ROE, ROICTS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

1.3 Margins

  • TS's Profit Margin of 16.91% is amongst the best of the industry. TS outperforms 93.44% of its industry peers.
  • TS's Profit Margin has declined in the last couple of years.
  • The Operating Margin of TS (18.86%) is better than 81.97% of its industry peers.
  • In the last couple of years the Operating Margin of TS has declined.
  • TS's Gross Margin of 34.05% is fine compared to the rest of the industry. TS outperforms 75.41% of its industry peers.
  • TS's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
TS Yearly Profit, Operating, Gross MarginsTS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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9

2. TS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TS is creating some value.
  • There is no outstanding debt for TS. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
TS Yearly Shares OutstandingTS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
TS Yearly Total Debt VS Total AssetsTS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 7.73 indicates that TS is not in any danger for bankruptcy at the moment.
  • TS has a better Altman-Z score (7.73) than 100.00% 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.
  • TS has a better Debt to FCF ratio (0.29) than 93.44% 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 RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 7.73
ROIC/WACC1.31
WACC7.53%
TS Yearly LT Debt VS Equity VS FCFTS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • TS has a Current Ratio of 4.08. This indicates that TS is financially healthy and has no problem in meeting 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.
  • The Quick ratio of TS (2.55) is better than 85.25% of its industry peers.
Industry RankSector Rank
Current Ratio 4.08
Quick Ratio 2.55
TS Yearly Current Assets VS Current LiabilitesTS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

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.
  • The Revenue has decreased by -4.33% in the past year.
  • TS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.41% yearly.
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

  • TS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.29% yearly.
  • TS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.81% yearly.
EPS Next Y-1.5%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
EPS Next 5Y2.29%
Revenue Next Year0.94%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.81%

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 accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TS Yearly Revenue VS EstimatesTS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B
TS Yearly EPS VS EstimatesTS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4 6

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5

4. TS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 16.08 indicates a correct valuation of TS.
  • TS's Price/Earnings ratio is rather cheap when compared to the industry. TS is cheaper than 90.16% of the companies in the same industry.
  • TS is valuated rather cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 16.33, which indicates a correct valuation of TS.
  • Based on the Price/Forward Earnings ratio, TS is valued cheaply inside the industry as 83.61% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.68, TS is valued a bit cheaper.
Industry RankSector Rank
PE 16.08
Fwd PE 16.33
TS Price Earnings VS Forward Price EarningsTS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • TS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TS is cheaper than 62.30% of the companies in the same industry.
  • TS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TS is cheaper than 67.21% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.31
EV/EBITDA 8.64
TS Per share dataTS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The decent profitability rating of TS may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.05%
EPS Next 3Y4.26%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. TS Dividend Analysis

5.1 Amount

  • TS has a Yearly Dividend Yield of 3.04%. Purely for dividend investing, there may be better candidates out there.
  • TS's Dividend Yield is rather good when compared to the industry average which is at 0.98. TS pays more dividend than 91.80% of the companies in the same industry.
  • TS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.04%

5.2 History

  • On average, the dividend of TS grows each year by 10.42%, which is quite nice.
  • 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 Years4
Div Non Decr Years4
TS Yearly Dividends per shareTS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • TS pays out 44.97% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of TS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44.97%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
TS Yearly Income VS Free CF VS DividendTS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B
TS Dividend Payout.TS Dividend Payout, showing the Payout Ratio.TS Dividend Payout.PayoutRetained Earnings

More info and screens

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TS Fundamentals: All Metrics, Ratios and Statistics

TENARIS SA-ADR

NYSE:TS (4/9/2026, 8:04:00 PM)

After market: 59.19 0 (0%)

59.19

+0.55 (+0.94%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners12.75%
Inst Owner Change0%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap29.88B
Revenue(TTM)11.98B
Net Income(TTM)2.00B
Analysts72
Price Target51.67 (-12.7%)
Short Float %5%
Short Ratio4.17
Dividend
Industry RankSector Rank
Dividend Yield 3.04%
Yearly Dividend0.67
Dividend Growth(5Y)10.42%
DP44.97%
Div Incr Years4
Div Non Decr Years4
Ex-Date05-19
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)21.91%
EPS NQ rev (1m)-3.67%
EPS NQ rev (3m)-1.12%
EPS NY rev (1m)-3.06%
EPS NY rev (3m)-3.91%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)0.65%
Valuation
Industry RankSector Rank
PE 16.08
Fwd PE 16.33
P/S 2.53
P/FCF 18.31
P/OCF 12.97
P/B 1.75
P/tB 1.91
EV/EBITDA 8.64
EPS(TTM)3.68
EY6.22%
EPS(NY)3.62
Fwd EY6.12%
FCF(TTM)3.23
FCFY5.46%
OCF(TTM)4.57
OCFY7.71%
SpS23.44
BVpS33.76
TBVpS31.07
PEG (NY)N/A
PEG (5Y)N/A
Graham Number52.87
Profitability
Industry RankSector 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 RankSector 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 7.73
F-Score6
WACC7.53%
ROIC/WACC1.31
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 Y-1.5%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
EPS Next 5Y2.29%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%
Revenue Next Year0.94%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.81%
EBIT growth 1Y-17.16%
EBIT growth 3Y-9.46%
EBIT growth 5YN/A
EBIT Next Year26.22%
EBIT Next 3Y10.76%
EBIT Next 5Y6.63%
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 Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TENARIS SA-ADR?

ChartMill assigns a fundamental rating of 7 / 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.


What is the profitability of TS stock?

TENARIS SA-ADR (TS) has a profitability rating of 7 / 10.


Can you provide the financial health for TS stock?

The financial health rating of TENARIS SA-ADR (TS) is 9 / 10.


What is the expected EPS growth for TENARIS SA-ADR (TS) stock?

The Earnings per Share (EPS) of TENARIS SA-ADR (TS) is expected to decline by -1.5% in the next year.