TENARIS SA-ADR (TS) Stock Fundamental Analysis

NYSE:TS • US88031M1099

52.26 USD
-1.38 (-2.57%)
At close: Feb 20, 2026
52.27 USD
+0.01 (+0.02%)
After Hours: 2/20/2026, 8:08:10 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to TS. TS was compared to 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.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • TS had positive earnings in the past year.
  • In the past year TS had a positive cash flow from operations.
  • Of the past 5 years TS 4 years were profitable.
  • TS had a positive operating cash flow in 4 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 has a better Return On Assets (9.77%) than 96.67% of its industry peers.
  • The Return On Equity of TS (11.74%) is better than 75.00% of its industry peers.
  • The Return On Invested Capital of TS (10.23%) is better than 80.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TS is above the industry average of 13.04%.
  • 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 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 95.00% of its industry peers.
  • TS's Profit Margin has improved in the last couple of years.
  • The Operating Margin of TS (18.86%) is better than 81.67% of its industry peers.
  • TS's Operating Margin has improved in the last couple of years.
  • TS has a Gross Margin of 34.05%. This is in the better half of the industry: TS outperforms 75.00% 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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ROAROEROICOperating and Profit MarginShow most profitable peers

9

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.
  • 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 7.29 indicates that TS is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of TS (7.29) is better than 100.00% of its industry peers.
  • TS has a debt to FCF ratio of 0.29. This is a very positive value and a sign of high solvency as it would only need 0.29 years to pay back of all of its debts.
  • TS has a Debt to FCF ratio of 0.29. This is amongst the best in the industry. TS outperforms 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.
  • TS's Debt to Equity ratio of 0.01 is amongst the best of the industry. TS outperforms 91.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 7.29
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's Current ratio of 4.08 is amongst the best of the industry. TS outperforms 91.67% 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.
  • Looking at the Quick ratio, with a value of 2.55, TS belongs to the top of the industry, outperforming 88.33% 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

2

3. Growth

3.1 Past

  • TS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.82%, which is quite impressive.
  • Measured over the past 5 years, TS shows a small growth in Earnings Per Share. The EPS has been growing by 1.67% on average per year.
EPS 1Y (TTM)26.82%
EPS 3Y1.67%
EPS 5YN/A
EPS Q2Q%85.11%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.27%

3.2 Future

  • Based on estimates for the next years, TS will show a decrease in Earnings Per Share. The EPS will decrease by -5.43% on average per year.
  • The Revenue is expected to grow by 2.71% on average over the next years.
EPS Next Y-17.64%
EPS Next 2Y-6.39%
EPS Next 3Y-5.06%
EPS Next 5Y-5.43%
Revenue Next Year0.38%
Revenue Next 2Y1.61%
Revenue Next 3Y1.37%
Revenue Next 5Y2.71%

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.
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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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.10 indicates a reasonable valuation of TS.
  • Based on the Price/Earnings ratio, TS is valued cheaper than 93.33% of the companies in the same industry.
  • TS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.99.
  • TS is valuated correctly with a Price/Forward Earnings ratio of 13.46.
  • Based on the Price/Forward Earnings ratio, TS is valued cheaper than 91.67% of the companies in the same industry.
  • TS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 11.1
Fwd PE 13.46
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

  • Based on the Enterprise Value to EBITDA ratio, TS is valued a bit cheaper than 68.33% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, TS is valued a bit cheaper than 70.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.16
EV/EBITDA 7.76
TS Per share dataTS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The excellent profitability rating of TS may justify a higher PE ratio.
  • A cheap valuation may be justified as TS's earnings are expected to decrease with -5.06% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.39%
EPS Next 3Y-5.06%

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

6

5. Dividend

5.1 Amount

  • TS has a Yearly Dividend Yield of 3.33%.
  • Compared to an average industry Dividend Yield of 1.09, TS pays a better dividend. On top of this TS pays more dividend than 91.67% 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 1.85.
Industry RankSector Rank
Dividend Yield 3.33%

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 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 2Y-6.39%
EPS Next 3Y-5.06%
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 (2/20/2026, 8:08:10 PM)

After market: 52.27 +0.01 (+0.02%)

52.26

-1.38 (-2.57%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners13.4%
Inst Owner Change-5.41%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap26.38B
Revenue(TTM)N/A
Net Income(TTM)2.00B
Analysts76
Price Target45.11 (-13.68%)
Short Float %4.03%
Short Ratio4.97
Dividend
Industry RankSector Rank
Dividend Yield 3.33%
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)6.43%
PT rev (3m)5.88%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)-24.42%
EPS NY rev (1m)0%
EPS NY rev (3m)3.9%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.07%
Valuation
Industry RankSector Rank
PE 11.1
Fwd PE 13.46
P/S 2.23
P/FCF 16.16
P/OCF 11.45
P/B 1.55
P/tB 1.68
EV/EBITDA 7.76
EPS(TTM)4.71
EY9.01%
EPS(NY)3.88
Fwd EY7.43%
FCF(TTM)3.23
FCFY6.19%
OCF(TTM)4.57
OCFY8.74%
SpS23.44
BVpS33.76
TBVpS31.07
PEG (NY)N/A
PEG (5Y)N/A
Graham Number59.81
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 7.29
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)26.82%
EPS 3Y1.67%
EPS 5YN/A
EPS Q2Q%85.11%
EPS Next Y-17.64%
EPS Next 2Y-6.39%
EPS Next 3Y-5.06%
EPS Next 5Y-5.43%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year18.88%
EBIT Next 3Y5.97%
EBIT Next 5Y2.26%
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 8 / 10.


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

The Price/Earnings (PE) ratio for TENARIS SA-ADR (TS) is 11.1 and the Price/Book (PB) ratio is 1.55.


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%.