TENARIS SA (TEN.MI) Stock Fundamental Analysis
BIT:TEN - Euronext Milan - LU2598331598 - Common Stock - Currency: EUR
Overall TEN gets a fundamental rating of 7 out of 10. We evaluated TEN against 36 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 bad growth rate and is valued cheaply. Finally TEN also has an excellent dividend rating. With these ratings, TEN could be worth investigating further for value and 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.
TEN had positive earnings in 4 of the past 5 years.
TEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TEN's Return On Assets of 8.76% is amongst the best of the industry. TEN outperforms 80.56% of its industry peers.
With a Return On Equity value of 10.52%, TEN perfoms like the industry average, outperforming 52.78% of the companies in the same industry.
With a decent Return On Invested Capital value of 9.58%, TEN is doing good in the industry, outperforming 69.44% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TEN is significantly above the industry average of 10.05%.
The last Return On Invested Capital (9.58%) 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 | 8.76% | ||
| ROE | 10.52% | ||
| ROIC | 9.58% |
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
Looking at the Profit Margin, with a value of 15.05%, TEN belongs to the top of the industry, outperforming 80.56% of the companies in the same industry.
In the last couple of years the Profit Margin of TEN has grown nicely.
With a decent Operating Margin value of 17.56%, TEN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
TEN's Operating Margin has improved in the last couple of years.
TEN has a Gross Margin of 34.01%. This is in the better half of the industry: TEN outperforms 77.78% of its industry peers.
TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.56% | ||
| PM (TTM) | 15.05% | ||
| GM | 34.01% |
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.
Compared to 1 year ago, TEN has less shares outstanding
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
TEN has an Altman-Z score of 4.27. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
TEN's Altman-Z score of 4.27 is amongst the best of the industry. TEN outperforms 94.44% of its industry peers.
TEN has a debt to FCF ratio of 0.24. This is a very positive value and a sign of high solvency as it would only need 0.24 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.24, TEN belongs to the top of the industry, outperforming 97.22% of the companies in the same industry.
TEN has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.01, TEN belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.24 | ||
| Altman-Z | 4.27 |
ROIC/WACC1.25
WACC7.69%
2.3 Liquidity
A Current Ratio of 4.08 indicates that TEN has no problem at all paying its short term obligations.
TEN's Current ratio of 4.08 is amongst the best of the industry. TEN outperforms 91.67% of its industry peers.
A Quick Ratio of 2.53 indicates that TEN has no problem at all paying its short term obligations.
TEN has a Quick ratio of 2.53. This is amongst the best in the industry. TEN outperforms 80.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.53 |
3. Growth
3.1 Past
The earnings per share for TEN have decreased strongly by -46.18% 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
The Revenue for TEN has decreased by -15.28% in the past year. This is quite bad
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)-46.18%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%-26.56%
Revenue 1Y (TTM)-15.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-15.09%
3.2 Future
TEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.09% yearly.
Based on estimates for the next years, TEN will show a decrease in Revenue. The Revenue will decrease by -0.43% on average per year.
EPS Next Y18.95%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
EPS Next 5Y-3.09%
Revenue Next Year-3.03%
Revenue Next 2Y-1.51%
Revenue Next 3Y-0.34%
Revenue Next 5Y-0.43%
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
Based on the Price/Earnings ratio of 11.26, the valuation of TEN can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of TEN is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.34, TEN is valued rather cheaply.
The Price/Forward Earnings ratio is 8.27, which indicates a very decent valuation of TEN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TEN is on the same level as its industry peers.
TEN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.26 | ||
| Fwd PE | 8.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaply inside the industry as 94.44% of the companies are valued more expensively.
TEN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TEN is cheaper than 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.67 | ||
| EV/EBITDA | 1.63 |
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 TEN may justify a higher PE ratio.
PEG (NY)0.59
PEG (5Y)0.48
EPS Next 2Y10.98%
EPS Next 3Y7.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.62%, TEN is a good candidate for dividend investing.
TEN's Dividend Yield is a higher than the industry average which is at 6.65.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.62% |
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
41.95% of the earnings are spent on dividend by TEN. This is a bit on the high side, but may be sustainable.
DP41.95%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
BIT:TEN (6/18/2025, 7:00:00 PM)
15.77
-0.14 (-0.88%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners12.52%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap8.45B
Analysts72.94
Price Target18.16 (15.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.62% |
Yearly Dividend0.58
Dividend Growth(5Y)10.42%
DP41.95%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)12.83%
Min EPS beat(2)-19.77%
Max EPS beat(2)45.42%
EPS beat(4)2
Avg EPS beat(4)1.24%
Min EPS beat(4)-38.91%
Max EPS beat(4)45.42%
EPS beat(8)5
Avg EPS beat(8)12.13%
EPS beat(12)7
Avg EPS beat(12)10.04%
EPS beat(16)11
Avg EPS beat(16)20.29%
Revenue beat(2)1
Avg Revenue beat(2)1.37%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)3.88%
Revenue beat(4)3
Avg Revenue beat(4)2.29%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)5.06%
Revenue beat(8)6
Avg Revenue beat(8)2.99%
Revenue beat(12)10
Avg Revenue beat(12)2.79%
Revenue beat(16)14
Avg Revenue beat(16)3.28%
PT rev (1m)-9.91%
PT rev (3m)-11.16%
EPS NQ rev (1m)50%
EPS NQ rev (3m)107.14%
EPS NY rev (1m)0%
EPS NY rev (3m)15.44%
Revenue NQ rev (1m)1.96%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.26 | ||
| Fwd PE | 8.27 | ||
| P/S | 0.81 | ||
| P/FCF | 4.67 | ||
| P/OCF | 3.49 | ||
| P/B | 0.57 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 1.63 |
EPS(TTM)1.4
EY8.88%
EPS(NY)1.91
Fwd EY12.08%
FCF(TTM)3.38
FCFY21.42%
OCF(TTM)4.52
OCFY28.64%
SpS19.36
BVpS27.68
TBVpS25.49
PEG (NY)0.59
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.76% | ||
| ROE | 10.52% | ||
| ROCE | 11.5% | ||
| ROIC | 9.58% | ||
| ROICexc | 11.73% | ||
| ROICexgc | 12.9% | ||
| OM | 17.56% | ||
| PM (TTM) | 15.05% | ||
| GM | 34.01% | ||
| FCFM | 17.44% |
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-ScoreN/A
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.24 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 116.94% | ||
| Cap/Sales | 5.88% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 103.24% | ||
| Profit Quality | 115.93% | ||
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.53 | ||
| Altman-Z | 4.27 |
F-ScoreN/A
WACC7.69%
ROIC/WACC1.25
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)-46.18%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%-26.56%
EPS Next Y18.95%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
EPS Next 5Y-3.09%
Revenue 1Y (TTM)-15.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-15.09%
Revenue Next Year-3.03%
Revenue Next 2Y-1.51%
Revenue Next 3Y-0.34%
Revenue Next 5Y-0.43%
EBIT growth 1Y-43.66%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year15.41%
EBIT Next 3Y5.01%
EBIT Next 5Y2.74%
FCF growth 1Y24.23%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y32.42%
OCF growth 3Y188.73%
OCF growth 5Y13.41%