TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:TEN - LU2598331598 - Common Stock
17.38 EUR
+0.23 (+1.37%)
We assign a fundamental rating of 7 out of 10 to TEN. TEN was compared to 39 industry peers in the Energy Equipment & Services industry. TEN scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TEN has a valuation in line with the averages, but it does not seem to be growing. TEN also has an excellent dividend rating. This makes TEN very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
In the past year TEN was profitable.
In the past year TEN had a positive cash flow from operations.
Of the past 5 years TEN 4 years were profitable.
Each year in the past 5 years TEN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of TEN (9.77%) is better than 82.05% of its industry peers.
TEN has a better Return On Equity (11.74%) than 61.54% of its industry peers.
TEN's Return On Invested Capital of 10.23% is fine compared to the rest of the industry. TEN outperforms 61.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TEN is significantly above the industry average of 10.99%.
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
TEN's Profit Margin of 16.91% is amongst the best of the industry. TEN outperforms 84.62% 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 66.67% 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 71.79% of the companies in the same industry.
In the last couple of years the Gross Margin of TEN has grown nicely.
| 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
TEN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for TEN has been reduced compared to 1 year ago.
Compared to 5 years ago, TEN has less shares outstanding
The debt/assets ratio for TEN has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.38 indicates that TEN is not in any danger for bankruptcy at the moment.
TEN's Altman-Z score of 4.38 is amongst the best of the industry. TEN outperforms 94.87% of its industry peers.
TEN 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.
The Debt to FCF ratio of TEN (0.29) is better than 92.31% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that TEN is not too dependend on debt financing.
The Debt to Equity ratio of TEN (0.01) is better than 89.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.38 |
ROIC/WACC1.35
WACC7.56%
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.
Looking at the Current ratio, with a value of 4.08, TEN belongs to the top of the industry, outperforming 87.18% 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 better Quick ratio (2.55) than 84.62% 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.
TEN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.23% yearly.
Looking at the last year, TEN shows a decrease in Revenue. The Revenue has decreased by -9.64% in the last year.
TEN 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 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
The Earnings Per Share is expected to decrease by -0.48% on average over the next years.
The Revenue is expected to grow by 1.51% on average over the next years.
EPS Next Y6.71%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
EPS Next 5Y-0.48%
Revenue Next Year-4.25%
Revenue Next 2Y-1.76%
Revenue Next 3Y-0.03%
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.
4. Valuation
4.1 Price/Earnings Ratio
TEN is valuated reasonably with a Price/Earnings ratio of 10.73.
TEN's Price/Earnings ratio is a bit cheaper when compared to the industry. TEN is cheaper than 66.67% of the companies in the same industry.
TEN is valuated cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.84, the valuation of TEN can be described as reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as TEN.
When comparing the Price/Forward Earnings ratio of TEN to the average of the S&P500 Index (36.59), we can say TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 10.84 |
4.2 Price Multiples
TEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TEN is cheaper than 89.74% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.4 | ||
| EV/EBITDA | 1.92 |
4.3 Compensation for Growth
TEN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TEN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.6
PEG (5Y)0.46
EPS Next 2Y1.79%
EPS Next 3Y2.3%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 4.18%, which is a nice return.
TEN's Dividend Yield is a higher than the industry average which is at 7.40.
Compared to an average S&P500 Dividend Yield of 2.34, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.18% |
5.2 History
On average, the dividend of TEN grows each year by 10.42%, which is quite nice.
Dividend Growth(5Y)10.42%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
44.97% of the earnings are spent on dividend by TEN. This is a bit on the high side, but may be sustainable.
DP44.97%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
BIT:TEN (11/28/2025, 7:00:00 PM)
17.38
+0.23 (+1.37%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners13.42%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap9.03B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76.67
Price Target18.74 (7.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.18% |
Yearly Dividend0.58
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)2.53%
PT rev (3m)2.53%
EPS NQ rev (1m)-22.42%
EPS NQ rev (3m)-26.44%
EPS NY rev (1m)-3.49%
EPS NY rev (3m)-3.63%
Revenue NQ rev (1m)1.35%
Revenue NQ rev (3m)0.23%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.73 | ||
| Fwd PE | 10.84 | ||
| P/S | 0.88 | ||
| P/FCF | 6.4 | ||
| P/OCF | 4.53 | ||
| P/B | 0.61 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 1.92 |
EPS(TTM)1.62
EY9.32%
EPS(NY)1.6
Fwd EY9.23%
FCF(TTM)2.72
FCFY15.63%
OCF(TTM)3.84
OCFY22.07%
SpS19.69
BVpS28.36
TBVpS26.1
PEG (NY)1.6
PEG (5Y)0.46
Graham Number32.15
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 | 4.38 |
F-Score6
WACC7.56%
ROIC/WACC1.35
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 Y6.71%
EPS Next 2Y1.79%
EPS Next 3Y2.3%
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-4.25%
Revenue Next 2Y-1.76%
Revenue Next 3Y-0.03%
Revenue Next 5Y1.51%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year14.46%
EBIT Next 3Y4.78%
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.
Can you provide the valuation status for TENARIS SA?
ChartMill assigns a valuation rating of 6 / 10 to TENARIS SA (TEN.MI). This can be considered as Fairly Valued.
How profitable is TENARIS SA (TEN.MI) stock?
TENARIS SA (TEN.MI) has a profitability rating of 8 / 10.
What is the valuation of TENARIS SA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TENARIS SA (TEN.MI) is 10.73 and the Price/Book (PB) ratio is 0.61.
How financially healthy is TENARIS SA?
The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.