TENARIS SA-ADR (TS) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:TS • US88031M1099

46.91 USD
+0.94 (+2.04%)
At close: Feb 6, 2026
47 USD
+0.09 (+0.19%)
After Hours: 2/6/2026, 8:09:13 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

Overall TS gets a fundamental rating of 7 out of 10. We evaluated TS against 61 industry peers in the Energy Equipment & Services industry. TS scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TS has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

9

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.
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 0 1B 2B 3B 4B

1.2 Ratios

  • TS's Return On Assets of 9.77% is amongst the best of the industry. TS outperforms 95.08% 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 72.13% of the companies in the same industry.
  • The Return On Invested Capital of TS (10.23%) is better than 80.33% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TS is above the industry average of 12.87%.
  • The 3 year average ROIC (16.25%) for TS is well above the current ROIC(10.23%). The reason for the recent decline needs to be investigated.
Industry RankSector 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
TS Yearly ROA, ROE, ROICTS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 95.08% of its industry peers.
  • TS's Profit Margin has improved in the last couple of years.
  • TS's Operating Margin of 18.86% is amongst the best of the industry. TS outperforms 81.97% of its industry peers.
  • 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 RankSector 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%
TS Yearly Profit, Operating, Gross MarginsTS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

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10

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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.
  • The debt/assets ratio for TS has been reduced compared to a year ago.
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 6.61 indicates that TS is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 6.61, TS belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • 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.
  • A Debt/Equity ratio of 0.01 indicates that TS is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.01, TS belongs to the top of the industry, outperforming 91.80% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 6.61
ROIC/WACC1.32
WACC7.74%
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 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 4.08 indicates that TS has no problem at all paying its short term obligations.
  • TS has a Current ratio of 4.08. This is amongst the best in the industry. TS outperforms 91.80% of its industry peers.
  • A Quick Ratio of 2.55 indicates that TS has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 2.55, TS belongs to the best of the industry, outperforming 88.52% of the companies in the same industry.
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

3

3. Growth

3.1 Past

  • TS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.98%.
  • The Earnings Per Share has been growing by 23.23% on average over the past years. This is a very strong growth
  • TS shows a decrease in Revenue. In the last year, the revenue decreased by -9.64%.
  • 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

  • Based on estimates for the next years, TS will show a decrease in Earnings Per Share. The EPS will decrease by -0.48% on average per year.
  • TS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.51% yearly.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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.
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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6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.09, which indicates a correct valuation of TS.
  • Based on the Price/Earnings ratio, TS is valued cheaply inside the industry as 90.16% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.92. TS is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 12.08, the valuation of TS can be described as correct.
  • 95.08% of the companies in the same industry are more expensive than TS, based on the Price/Forward Earnings ratio.
  • TS is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.09
Fwd PE 12.08
TS Price Earnings VS Forward Price EarningsTS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TS is valued a bit cheaper than the industry average as 70.49% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, TS is valued a bit cheaper than the industry average as 73.77% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 14.51
EV/EBITDA 6.4
TS Per share dataTS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • TS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of TS may justify a higher PE ratio.
PEG (NY)1.56
PEG (5Y)0.52
EPS Next 2Y2.2%
EPS Next 3Y3.58%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.70%, TS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.11, 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 1.81.
Industry RankSector Rank
Dividend Yield 3.7%

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
TS Yearly Dividends per shareTS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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.
DP44.97%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
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 0 1B 2B 3B
TS Dividend Payout.TS Dividend Payout, showing the Payout Ratio.TS Dividend Payout.PayoutRetained Earnings

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TENARIS SA-ADR

NYSE:TS (2/6/2026, 8:09:13 PM)

After market: 47 +0.09 (+0.19%)

46.91

+0.94 (+2.04%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-29
Earnings (Next)02-18
Inst Owners13.4%
Inst Owner Change-0.56%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap23.68B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts75.79
Price Target44.13 (-5.93%)
Short Float %4.19%
Short Ratio5.4
Dividend
Industry RankSector 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 RankSector Rank
PE 12.09
Fwd PE 12.08
P/S 2
P/FCF 14.51
P/OCF 10.28
P/B 1.39
P/tB 1.51
EV/EBITDA 6.4
EPS(TTM)3.88
EY8.27%
EPS(NY)3.88
Fwd EY8.27%
FCF(TTM)3.23
FCFY6.89%
OCF(TTM)4.57
OCFY9.73%
SpS23.44
BVpS33.76
TBVpS31.07
PEG (NY)1.56
PEG (5Y)0.52
Graham Number54.29
Profitability
Industry RankSector 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 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 6.61
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 7 / 10 to TS.


What is the valuation status for TS stock?

ChartMill assigns a valuation rating of 6 / 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 9 / 10.


Can you provide the PE and PB ratios for TS stock?

The Price/Earnings (PE) ratio for TENARIS SA-ADR (TS) is 12.09 and the Price/Book (PB) ratio is 1.39.


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%.