TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:TEN - LU2598331598 - Common Stock
17.208 EUR
+0.14 (+0.81%)
We assign a fundamental rating of 7 out of 10 to TEN. TEN was compared to 36 industry peers in the Energy Equipment & Services industry. TEN gets an excellent profitability rating and is at the same time showing great financial health properties. TEN has a bad growth rate and is valued cheaply. Finally TEN also has an excellent dividend rating. This makes TEN very considerable for value and dividend investing!
1. Profitability
1.1 Basic Checks
TEN had positive earnings in the past year.
In the past year TEN had a positive cash flow from operations.
Of the past 5 years TEN 4 years were profitable.
In the past 5 years TEN always reported a positive cash flow from operatings.
1.2 Ratios
TEN has a better Return On Assets (9.77%) than 86.11% of its industry peers.
TEN has a Return On Equity of 11.74%. This is in the better half of the industry: TEN outperforms 66.67% of its industry peers.
With a decent Return On Invested Capital value of 10.23%, TEN is doing good in the industry, outperforming 69.44% of the companies in the same industry.
TEN had an Average Return On Invested Capital over the past 3 years of 16.25%. This is significantly above the industry average of 10.82%.
The last Return On Invested Capital (10.23%) for TEN is well below the 3 year average (16.25%), which needs to be investigated, but indicates that TEN had better years and this may not be a problem.
| Industry Rank | Sector 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
1.3 Margins
The Profit Margin of TEN (16.91%) is better than 86.11% of its industry peers.
TEN's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 18.86%, TEN is doing good in the industry, outperforming 72.22% of the companies in the same industry.
In the last couple of years the Operating Margin of TEN has grown nicely.
Looking at the Gross Margin, with a value of 34.05%, TEN is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TEN is creating value.
The number of shares outstanding for TEN has been reduced compared to 1 year ago.
TEN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for TEN has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.36 indicates that TEN is not in any danger for bankruptcy at the moment.
TEN has a Altman-Z score of 4.36. This is amongst the best in the industry. TEN outperforms 94.44% of its industry peers.
The Debt to FCF ratio of TEN is 0.29, which is an excellent value as it means it would take TEN, only 0.29 years of fcf income to pay off all of its debts.
TEN has a better Debt to FCF ratio (0.29) than 94.44% of its industry peers.
TEN has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
TEN has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. TEN outperforms 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.36 |
ROIC/WACC1.34
WACC7.61%
2.3 Liquidity
TEN has a Current Ratio of 4.08. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 4.08, TEN belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
A Quick Ratio of 2.55 indicates that TEN has no problem at all paying its short term obligations.
TEN has a Quick ratio of 2.55. This is amongst the best in the industry. TEN outperforms 86.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
The earnings per share for TEN have decreased strongly by -17.98% in the last year.
The Earnings Per Share has been growing by 23.23% on average over the past years. This is a very strong growth
TEN shows a decrease in Revenue. In the last year, the revenue decreased by -9.64%.
Measured over the past years, TEN 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 3Y24.77%
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, TEN will show a decrease in Earnings Per Share. The EPS will decrease by -0.48% on average per year.
TEN 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
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.75, the valuation of TEN can be described as reasonable.
TEN's Price/Earnings ratio is a bit cheaper when compared to the industry. TEN is cheaper than 72.22% of the companies in the same industry.
When comparing the Price/Earnings ratio of TEN to the average of the S&P500 Index (27.00), we can say TEN is valued rather cheaply.
The Price/Forward Earnings ratio is 10.75, which indicates a very decent valuation of TEN.
TEN's Price/Forward Earnings ratio is in line with the industry average.
TEN is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.76 | ||
| Fwd PE | 10.75 |
4.2 Price Multiples
TEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TEN is cheaper than 91.67% of the companies in the same industry.
69.44% of the companies in the same industry are more expensive than TEN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.39 | ||
| EV/EBITDA | 1.89 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of TEN may justify a higher PE ratio.
PEG (NY)1.39
PEG (5Y)0.46
EPS Next 2Y2.2%
EPS Next 3Y3.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.28%, TEN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.89, TEN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
5.2 History
The dividend of TEN is nicely growing with an annual growth rate of 10.42%!
Dividend Growth(5Y)10.42%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
TEN 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%
BIT:TEN (1/9/2026, 2:37:19 PM)
17.208
+0.14 (+0.81%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners13.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap8.94B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76.67
Price Target18.99 (10.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
Yearly Dividend0.57
Dividend Growth(5Y)10.42%
DP44.97%
Div Incr Years0
Div Non Decr Years0
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)1.33%
PT rev (3m)3.9%
EPS NQ rev (1m)2.1%
EPS NQ rev (3m)-32.5%
EPS NY rev (1m)7.08%
EPS NY rev (3m)-2.56%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.76 | ||
| Fwd PE | 10.75 | ||
| P/S | 0.88 | ||
| P/FCF | 6.39 | ||
| P/OCF | 4.53 | ||
| P/B | 0.61 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 1.89 |
EPS(TTM)1.6
EY9.3%
EPS(NY)1.6
Fwd EY9.31%
FCF(TTM)2.69
FCFY15.64%
OCF(TTM)3.8
OCFY22.08%
SpS19.51
BVpS28.1
TBVpS25.86
PEG (NY)1.39
PEG (5Y)0.46
Graham Number31.8
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.36 |
F-Score6
WACC7.61%
ROIC/WACC1.34
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 3Y24.77%
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 / TEN.MI FAQ
What is the ChartMill fundamental rating of TENARIS SA (TEN.MI) stock?
ChartMill assigns a fundamental rating of 7 / 10 to TEN.MI.
What is the valuation status of TENARIS SA (TEN.MI) stock?
ChartMill assigns a valuation rating of 7 / 10 to TENARIS SA (TEN.MI). This can be considered as Undervalued.
How profitable is TENARIS SA (TEN.MI) stock?
TENARIS SA (TEN.MI) has a profitability rating of 8 / 10.
What are the PE and PB ratios of TENARIS SA (TEN.MI) stock?
The Price/Earnings (PE) ratio for TENARIS SA (TEN.MI) is 10.76 and the Price/Book (PB) ratio is 0.61.
Can you provide the dividend sustainability for TEN stock?
The dividend rating of TENARIS SA (TEN.MI) is 6 / 10 and the dividend payout ratio is 44.97%.