TENARIS SA-ADR (TS) Fundamental Analysis & Valuation

NYSE:TS • US88031M1099

Current stock price

63.18 USD
-0.11 (-0.17%)
At close:
63.18 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.

8

1. TS Profitability Analysis

1.1 Basic Checks

  • In the past year TS was profitable.
  • 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's Return On Assets of 9.63% is amongst the best of the industry. TS outperforms 91.94% of its industry peers.
  • The Return On Equity of TS (11.64%) is better than 75.81% of its industry peers.
  • The Return On Invested Capital of TS (10.43%) is better than 87.10% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TS is significantly above the industry average of 6.98%.
Industry RankSector Rank
ROA 9.63%
ROE 11.64%
ROIC 10.43%
ROA(3y)12.72%
ROA(5y)12.07%
ROE(3y)15.73%
ROE(5y)14.95%
ROIC(3y)13.59%
ROIC(5y)12.49%
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 has a Profit Margin of 16.13%. This is amongst the best in the industry. TS outperforms 93.55% of its industry peers.
  • TS's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 19.18%, TS belongs to the best of the industry, outperforming 82.26% of the companies in the same industry.
  • TS's Operating Margin has declined in the last couple of years.
  • The Gross Margin of TS (34.39%) is better than 75.81% of its industry peers.
  • In the last couple of years the Gross Margin of TS has grown nicely.
Industry RankSector Rank
OM 19.18%
PM (TTM) 16.13%
GM 34.39%
OM growth 3Y-9.82%
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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10

2. TS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TS is creating value.
  • TS has less shares outstanding than it did 1 year ago.
  • 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.
TS Yearly Shares OutstandingTS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B 20B

2.2 Solvency

  • TS has an Altman-Z score of 8.12. This indicates that TS is financially healthy and has little risk of bankruptcy at the moment.
  • TS has a better Altman-Z score (8.12) than 100.00% of its industry peers.
  • The Debt to FCF ratio of TS is 0.23, which is an excellent value as it means it would take TS, only 0.23 years of fcf income to pay off all of its debts.
  • TS has a Debt to FCF ratio of 0.23. This is amongst the best in the industry. TS outperforms 95.16% 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 90.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.23
Altman-Z 8.12
ROIC/WACC1.39
WACC7.51%
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 3.87. This indicates that TS is financially healthy and has no problem in meeting its short term obligations.
  • TS's Current ratio of 3.87 is amongst the best of the industry. TS outperforms 91.94% of its industry peers.
  • TS has a Quick Ratio of 2.33. This indicates that TS is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of TS (2.33) is better than 79.03% of its industry peers.
Industry RankSector Rank
Current Ratio 3.87
Quick Ratio 2.33
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 2025 2B 4B 6B 8B 10B

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4

3. TS Growth Analysis

3.1 Past

  • TS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.79%.
  • Measured over the past years, TS shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.20% on average per year.
  • The Revenue has decreased by -4.33% in the past 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 grow by 3.08% on average over the next years.
  • TS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.45% yearly.
EPS Next Y1.81%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
EPS Next 5Y3.08%
Revenue Next Year1.02%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.45%

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

  • Based on the Price/Earnings ratio of 16.80, the valuation of TS can be described as correct.
  • TS's Price/Earnings ratio is rather cheap when compared to the industry. TS is cheaper than 90.32% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.35. TS is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 16.52, which indicates a correct valuation of TS.
  • Based on the Price/Forward Earnings ratio, TS is valued cheaply inside the industry as 83.87% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of TS to the average of the S&P500 Index (22.23), we can say TS is valued slightly cheaper.
Industry RankSector Rank
PE 16.8
Fwd PE 16.52
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 in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, TS is valued a bit cheaper than the industry average as 70.97% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 16.09
EV/EBITDA 9.34
TS Per share dataTS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
  • TS has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)9.27
PEG (5Y)N/A
EPS Next 2Y4.43%
EPS Next 3Y5.04%

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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 2.86%.
  • TS's Dividend Yield is rather good when compared to the industry average which is at 0.94. TS pays more dividend than 90.32% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, TS pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.86%

5.2 History

  • The dividend of TS is nicely growing with an annual growth rate of 65.12%!
  • 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)65.12%
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 46.58% 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.
DP46.58%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
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

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TS Fundamentals: All Metrics, Ratios and Statistics

TENARIS SA-ADR

NYSE:TS (4/27/2026, 8:21:08 PM)

After market: 63.18 0 (0%)

63.18

-0.11 (-0.17%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners13.04%
Inst Owner Change1.69%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap31.89B
Revenue(TTM)11.98B
Net Income(TTM)1.93B
Analysts72
Price Target55.88 (-11.55%)
Short Float %4.88%
Short Ratio3.7
Dividend
Industry RankSector Rank
Dividend Yield 2.86%
Yearly Dividend0.86
Dividend Growth(5Y)65.12%
DP46.58%
Div Incr Years4
Div Non Decr Years4
Ex-Date05-19
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.08%
Min EPS beat(2)-3.68%
Max EPS beat(2)7.83%
EPS beat(4)1
Avg EPS beat(4)-6.67%
Min EPS beat(4)-19.77%
Max EPS beat(4)7.83%
EPS beat(8)4
Avg EPS beat(8)2.34%
EPS beat(12)7
Avg EPS beat(12)8.5%
EPS beat(16)9
Avg EPS beat(16)8.91%
Revenue beat(2)2
Avg Revenue beat(2)1.81%
Min Revenue beat(2)0.24%
Max Revenue beat(2)3.37%
Revenue beat(4)3
Avg Revenue beat(4)1.15%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)3.37%
Revenue beat(8)6
Avg Revenue beat(8)1.82%
Revenue beat(12)10
Avg Revenue beat(12)2.81%
Revenue beat(16)14
Avg Revenue beat(16)2.46%
PT rev (1m)8.15%
PT rev (3m)26.62%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)8.26%
EPS NY rev (1m)5.48%
EPS NY rev (3m)-1.5%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)2.38%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.74%
Valuation
Industry RankSector Rank
PE 16.8
Fwd PE 16.52
P/S 2.66
P/FCF 16.09
P/OCF 12.27
P/B 1.92
P/tB 2.09
EV/EBITDA 9.34
EPS(TTM)3.76
EY5.95%
EPS(NY)3.82
Fwd EY6.05%
FCF(TTM)3.93
FCFY6.22%
OCF(TTM)5.15
OCFY8.15%
SpS23.73
BVpS32.88
TBVpS30.19
PEG (NY)9.27
PEG (5Y)N/A
Graham Number52.7425 (-16.52%)
Profitability
Industry RankSector Rank
ROA 9.63%
ROE 11.64%
ROCE 12.96%
ROIC 10.43%
ROICexc 12.46%
ROICexgc 13.71%
OM 19.18%
PM (TTM) 16.13%
GM 34.39%
FCFM 16.55%
ROA(3y)12.72%
ROA(5y)12.07%
ROE(3y)15.73%
ROE(5y)14.95%
ROIC(3y)13.59%
ROIC(5y)12.49%
ROICexc(3y)16.6%
ROICexc(5y)14.74%
ROICexgc(3y)18.3%
ROICexgc(5y)16.32%
ROCE(3y)16.89%
ROCE(5y)15.52%
ROICexgc growth 3Y-12.98%
ROICexgc growth 5YN/A
ROICexc growth 3Y-12.68%
ROICexc growth 5YN/A
OM growth 3Y-9.82%
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 Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.23
Debt/EBITDA 0.03
Cap/Depr 100.16%
Cap/Sales 5.15%
Interest Coverage 92.8
Cash Conversion 89.22%
Profit Quality 102.57%
Current Ratio 3.87
Quick Ratio 2.33
Altman-Z 8.12
F-Score6
WACC7.51%
ROIC/WACC1.39
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 Y1.81%
EPS Next 2Y4.43%
EPS Next 3Y5.04%
EPS Next 5Y3.08%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%
Revenue Next Year1.02%
Revenue Next 2Y2.3%
Revenue Next 3Y2.26%
Revenue Next 5Y1.45%
EBIT growth 1Y-2.95%
EBIT growth 3Y-9.27%
EBIT growth 5YN/A
EBIT Next Year27.78%
EBIT Next 3Y11.15%
EBIT Next 5Y5.43%
FCF growth 1Y-8.3%
FCF growth 3Y37.06%
FCF growth 5Y8.37%
OCF growth 1Y-9.3%
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 8 / 10.


Can you provide the financial health for TS stock?

The financial health rating of TENARIS SA-ADR (TS) is 10 / 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 grow by 1.81% in the next year.