TENARIS SA-ADR (TS) Stock Fundamental Analysis
USA - NYSE:TS - US88031M1099 - ADR
36.295 USD
+0.45 (+1.27%)
Taking everything into account, TS scores 7 out of 10 in our fundamental rating. TS was compared to 61 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 is cheap, but on the other hand it scores bad on growth. TS also has an excellent dividend rating. With these ratings, TS could be worth investigating further for value and dividend investing!.
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.
TS had positive earnings in 4 of the past 5 years.
In the past 5 years TS always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of TS (9.81%) is better than 90.16% of its industry peers.
The Return On Equity of TS (12.08%) is better than 72.13% of its industry peers.
The Return On Invested Capital of TS (9.47%) is better than 72.13% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TS is significantly above the industry average of 8.01%.
The 3 year average ROIC (16.25%) for TS is well above the current ROIC(9.47%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 12.08% | ||
| ROIC | 9.47% |
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
The Profit Margin of TS (17.02%) is better than 95.08% of its industry peers.
In the last couple of years the Profit Margin of TS has grown nicely.
The Operating Margin of TS (17.12%) is better than 77.05% of its industry peers.
In the last couple of years the Operating Margin of TS has grown nicely.
TS's Gross Margin of 33.79% is fine compared to the rest of the industry. TS outperforms 70.49% of its industry peers.
TS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.12% | ||
| PM (TTM) | 17.02% | ||
| GM | 33.79% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TS is creating value.
Compared to 1 year ago, TS has less shares outstanding
Compared to 5 years ago, TS has less shares outstanding
The debt/assets ratio for TS has been reduced compared to a year ago.
2.2 Solvency
TS has an Altman-Z score of 5.36. This indicates that TS is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TS (5.36) is better than 98.36% of its industry peers.
TS has a debt to FCF ratio of 0.25. This is a very positive value and a sign of high solvency as it would only need 0.25 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.25, TS belongs to the best of the industry, outperforming 91.80% of the companies in the same industry.
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 93.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 5.36 |
ROIC/WACC1.26
WACC7.52%
2.3 Liquidity
TS has a Current Ratio of 3.41. This indicates that TS is financially healthy and has no problem in meeting its short term obligations.
TS has a Current ratio of 3.41. This is amongst the best in the industry. TS outperforms 86.89% of its industry peers.
A Quick Ratio of 2.11 indicates that TS has no problem at all paying its short term obligations.
TS has a better Quick ratio (2.11) than 80.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
The earnings per share for TS have decreased strongly by -22.13% in the last year.
Measured over the past years, TS shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.23% on average per year.
Looking at the last year, TS shows a very negative growth in Revenue. The Revenue has decreased by -12.28% in the last year.
Measured over the past years, TS shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
EPS 1Y (TTM)-22.13%
EPS 3Y25.39%
EPS 5Y23.23%
EPS Q2Q%72.41%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
3.2 Future
TS is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.54% yearly.
Based on estimates for the next years, TS will show a small growth in Revenue. The Revenue will grow by 0.14% on average per year.
EPS Next Y10.73%
EPS Next 2Y2.94%
EPS Next 3Y3.4%
EPS Next 5Y-3.54%
Revenue Next Year-4.26%
Revenue Next 2Y-2.11%
Revenue Next 3Y-0.44%
Revenue Next 5Y0.14%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.68, the valuation of TS can be described as very reasonable.
91.80% of the companies in the same industry are more expensive than TS, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of TS to the average of the S&P500 Index (27.27), we can say TS is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.34, the valuation of TS can be described as very reasonable.
Based on the Price/Forward Earnings ratio, TS is valued cheaply inside the industry as 95.08% of the companies are valued more expensively.
TS is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.68 | ||
| Fwd PE | 9.34 |
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.
Based on the Price/Free Cash Flow ratio, TS is valued a bit cheaper than the industry average as 72.13% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.17 | ||
| EV/EBITDA | 5.18 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of TS may justify a higher PE ratio.
PEG (NY)0.9
PEG (5Y)0.42
EPS Next 2Y2.94%
EPS Next 3Y3.4%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.24%, TS is a good candidate for dividend investing.
TS's Dividend Yield is rather good when compared to the industry average which is at 3.34. TS pays more dividend than 88.52% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, TS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.24% |
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
5.3 Sustainability
44.92% of the earnings are spent on dividend by TS. This is a bit on the high side, but may be sustainable.
DP44.92%
EPS Next 2Y2.94%
EPS Next 3Y3.4%
NYSE:TS (9/16/2025, 3:51:08 PM)
36.295
+0.45 (+1.27%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners12.52%
Inst Owner Change-11.57%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap18.93B
Analysts74.44
Price Target42.78 (17.87%)
Short Float %2.99%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.24% |
Yearly Dividend0.67
Dividend Growth(5Y)10.42%
DP44.92%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-15.42%
Min EPS beat(2)-19.77%
Max EPS beat(2)-11.07%
EPS beat(4)2
Avg EPS beat(4)8.2%
Min EPS beat(4)-19.77%
Max EPS beat(4)45.42%
EPS beat(8)4
Avg EPS beat(8)8.64%
EPS beat(12)6
Avg EPS beat(12)7.55%
EPS beat(16)10
Avg EPS beat(16)11.78%
Revenue beat(2)1
Avg Revenue beat(2)0.5%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)2.14%
Revenue beat(4)3
Avg Revenue beat(4)2.48%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)5.06%
Revenue beat(8)6
Avg Revenue beat(8)2.63%
Revenue beat(12)10
Avg Revenue beat(12)2.76%
Revenue beat(16)14
Avg Revenue beat(16)2.71%
PT rev (1m)0.99%
PT rev (3m)4.04%
EPS NQ rev (1m)3.81%
EPS NQ rev (3m)62.85%
EPS NY rev (1m)-6.72%
EPS NY rev (3m)-5.09%
Revenue NQ rev (1m)-0.93%
Revenue NQ rev (3m)-2.4%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)-1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.68 | ||
| Fwd PE | 9.34 | ||
| P/S | 1.61 | ||
| P/FCF | 10.17 | ||
| P/OCF | 7.46 | ||
| P/B | 1.14 | ||
| P/tB | 1.24 | ||
| EV/EBITDA | 5.18 |
EPS(TTM)3.75
EY10.33%
EPS(NY)3.89
Fwd EY10.71%
FCF(TTM)3.57
FCFY9.84%
OCF(TTM)4.87
OCFY13.41%
SpS22.56
BVpS31.79
TBVpS29.18
PEG (NY)0.9
PEG (5Y)0.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 12.08% | ||
| ROCE | 11.36% | ||
| ROIC | 9.47% | ||
| ROICexc | 11.44% | ||
| ROICexgc | 12.61% | ||
| OM | 17.12% | ||
| PM (TTM) | 17.02% | ||
| GM | 33.79% | ||
| FCFM | 15.83% |
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
ROICexcg growth 3Y37.2%
ROICexcg 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 | 0.25 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 109.79% | ||
| Cap/Sales | 5.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.51% | ||
| Profit Quality | 93.01% | ||
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 5.36 |
F-Score6
WACC7.52%
ROIC/WACC1.26
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)-22.13%
EPS 3Y25.39%
EPS 5Y23.23%
EPS Q2Q%72.41%
EPS Next Y10.73%
EPS Next 2Y2.94%
EPS Next 3Y3.4%
EPS Next 5Y-3.54%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
Revenue Next Year-4.26%
Revenue Next 2Y-2.11%
Revenue Next 3Y-0.44%
Revenue Next 5Y0.14%
EBIT growth 1Y-35.93%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year15.41%
EBIT Next 3Y5.01%
EBIT Next 5Y2.3%
FCF growth 1Y-25.79%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y-16.19%
OCF growth 3Y188.73%
OCF growth 5Y13.41%