TENARIS SA-ADR (TS) Stock Fundamental Analysis

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

46.4 USD
+0.1 (+0.22%)
At close: Feb 4, 2026
45.87 USD
-0.53 (-1.14%)
Pre-Market: 2/5/2026, 8:01:37 AM
Fundamental Rating

8

Taking everything into account, TS scores 8 out of 10 in our fundamental rating. TS was compared to 61 industry peers in the Energy Equipment & Services industry. TS has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TS is cheap, but on the other hand it scores bad on growth. This makes TS very considerable for value investing!


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.
  • Of the past 5 years TS 4 years were profitable.
  • Each year in the past 5 years TS had a positive operating cash flow.
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

  • The Return On Assets of TS (9.77%) is better than 95.08% of its industry peers.
  • TS has a Return On Equity of 11.74%. This is in the better half of the industry: TS outperforms 72.13% of its industry peers.
  • With an excellent Return On Invested Capital value of 10.23%, TS belongs to the best of the industry, outperforming 80.33% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for TS is above the industry average of 12.88%.
  • 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

  • Looking at the Profit Margin, with a value of 16.91%, TS belongs to the top of the industry, outperforming 95.08% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TS has grown nicely.
  • With an excellent Operating Margin value of 18.86%, TS belongs to the best of the industry, outperforming 81.97% of the companies in the same industry.
  • TS's Operating Margin has improved in the last couple of years.
  • TS has a better Gross Margin (34.05%) than 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 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.
  • The number of shares outstanding for TS has been reduced compared to 1 year ago.
  • The number of shares outstanding for TS has been reduced compared to 5 years ago.
  • TS has a better debt/assets ratio than last year.
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 6.65 indicates that TS is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.65, TS belongs to the top of the industry, outperforming 98.36% of the companies in the same industry.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 0.29, TS belongs to the top of the industry, outperforming 91.80% of the companies in the same industry.
  • A Debt/Equity ratio of 0.01 indicates that TS is not too dependend on debt financing.
  • TS's Debt to Equity ratio of 0.01 is amongst the best of the industry. TS outperforms 91.80% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 6.65
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.
  • Looking at the Current ratio, with a value of 4.08, TS belongs to the top of the industry, outperforming 91.80% of the companies in the same industry.
  • A Quick Ratio of 2.55 indicates that TS has no problem at all paying its short term obligations.
  • The Quick ratio of TS (2.55) is better than 88.52% 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

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%.
  • TS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.23% yearly.
  • TS shows a decrease in Revenue. In the last year, the revenue decreased by -9.64%.
  • 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)-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.
  • Based on estimates for the next years, TS will show a small growth in Revenue. The Revenue will grow by 1.51% on average per year.
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.
  • 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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7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.96, which indicates a very decent valuation of TS.
  • Compared to the rest of the industry, the Price/Earnings ratio of TS indicates a rather cheap valuation: TS is cheaper than 90.16% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of TS to the average of the S&P500 Index (28.25), we can say TS is valued rather cheaply.
  • The Price/Forward Earnings ratio is 11.95, which indicates a very decent valuation of TS.
  • TS's Price/Forward Earnings ratio is rather cheap when compared to the industry. TS is cheaper than 95.08% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, TS is valued rather cheaply.
Industry RankSector Rank
PE 11.96
Fwd PE 11.95
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.
  • TS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TS is cheaper than 73.77% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.35
EV/EBITDA 6.48
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)1.54
PEG (5Y)0.51
EPS Next 2Y2.2%
EPS Next 3Y3.58%

More info and screens

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 1.12, 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 1.82.
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 (2/4/2026, 8:04:00 PM)

Premarket: 45.87 -0.53 (-1.14%)

46.4

+0.1 (+0.22%)

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 Cap23.42B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts75.79
Price Target44.13 (-4.89%)
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 11.96
Fwd PE 11.95
P/S 1.98
P/FCF 14.35
P/OCF 10.16
P/B 1.37
P/tB 1.49
EV/EBITDA 6.48
EPS(TTM)3.88
EY8.36%
EPS(NY)3.88
Fwd EY8.37%
FCF(TTM)3.23
FCFY6.97%
OCF(TTM)4.57
OCFY9.84%
SpS23.44
BVpS33.76
TBVpS31.07
PEG (NY)1.54
PEG (5Y)0.51
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 6.65
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 8 / 10 to TS.


What is the valuation status for TS stock?

ChartMill assigns a valuation rating of 7 / 10 to TENARIS SA-ADR (TS). This can be considered as Undervalued.


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 11.96 and the Price/Book (PB) ratio is 1.37.


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%.