TENARIS SA (TEN.MI) Fundamental Analysis & Valuation

BIT:TEN • LU2598331598

Current stock price

25.41 EUR
+0.05 (+0.2%)
Last:

This TEN.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TEN.MI Profitability Analysis

1.1 Basic Checks

  • In the past year TEN was profitable.
  • TEN had a positive operating cash flow in the past year.
  • Each year in the past 5 years TEN has been profitable.
  • Each year in the past 5 years TEN had a positive operating cash flow.
TEN.MI Yearly Net Income VS EBIT VS OCF VS FCFTEN.MI 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 2025 0 1B 2B 3B 4B

1.2 Ratios

  • With an excellent Return On Assets value of 9.77%, TEN belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
  • The Return On Equity of TEN (11.74%) is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 9.89%, TEN perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
Industry RankSector Rank
ROA 9.77%
ROE 11.74%
ROIC 9.89%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TEN.MI Yearly ROA, ROE, ROICTEN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

1.3 Margins

  • TEN's Profit Margin of 16.91% is fine compared to the rest of the industry. TEN outperforms 78.38% of its industry peers.
  • TEN's Profit Margin has declined in the last couple of years.
  • The Operating Margin of TEN (18.86%) is better than 72.97% of its industry peers.
  • TEN's Operating Margin has declined in the last couple of years.
  • TEN has a Gross Margin of 34.05%. This is in the better half of the industry: TEN outperforms 75.68% of its industry peers.
  • TEN'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 3Y-10.01%
OM growth 5YN/A
PM growth 3Y-9.42%
PM growth 5YN/A
GM growth 3Y-4.83%
GM growth 5Y10.81%
TEN.MI Yearly Profit, Operating, Gross MarginsTEN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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9

2. TEN.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TEN is still creating some value.
  • TEN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TEN.MI Yearly Shares OutstandingTEN.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
TEN.MI Yearly Total Debt VS Total AssetsTEN.MI 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 5.14 indicates that TEN is not in any danger for bankruptcy at the moment.
  • TEN has a Altman-Z score of 5.14. This is amongst the best in the industry. TEN outperforms 91.89% 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.
  • Looking at the Debt to FCF ratio, with a value of 0.29, TEN belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
  • 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 89.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 5.14
ROIC/WACC1.32
WACC7.49%
TEN.MI Yearly LT Debt VS Equity VS FCFTEN.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 4.08 indicates that TEN has no problem at all paying its short term obligations.
  • TEN has a Current ratio of 4.08. This is amongst the best in the industry. TEN outperforms 86.49% of its industry peers.
  • TEN has a Quick Ratio of 2.55. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
  • TEN has a better Quick ratio (2.55) than 86.49% of its industry peers.
Industry RankSector Rank
Current Ratio 4.08
Quick Ratio 2.55
TEN.MI Yearly Current Assets VS Current LiabilitesTEN.MI 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

4

3. TEN.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 2.79% over the past year.
  • The Earnings Per Share has been decreasing by -5.20% on average over the past years.
  • Looking at the last year, TEN shows a decrease in Revenue. The Revenue has decreased by -4.33% in the last year.
  • TEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.41% yearly.
EPS 1Y (TTM)2.79%
EPS 3Y-5.2%
EPS 5YN/A
EPS Q2Q%-6.38%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%

3.2 Future

  • The Earnings Per Share is expected to grow by 2.29% on average over the next years.
  • TEN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.81% yearly.
EPS Next Y-1.5%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
EPS Next 5Y2.29%
Revenue Next Year0.5%
Revenue Next 2Y1.89%
Revenue Next 3Y2.07%
Revenue Next 5Y1.81%

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 accelerating.
  • 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.
TEN.MI Yearly Revenue VS EstimatesTEN.MI 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
TEN.MI Yearly EPS VS EstimatesTEN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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5

4. TEN.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • TEN is valuated correctly with a Price/Earnings ratio of 15.88.
  • Based on the Price/Earnings ratio, TEN is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of TEN to the average of the S&P500 Index (24.89), we can say TEN is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 16.15, the valuation of TEN can be described as correct.
  • TEN's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, TEN is valued a bit cheaper.
Industry RankSector Rank
PE 15.88
Fwd PE 16.15
TEN.MI Price Earnings VS Forward Price EarningsTEN.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaper than 91.89% 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 75.68% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.05
EV/EBITDA 3.44
TEN.MI Per share dataTEN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • TEN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.05%
EPS Next 3Y4.26%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. TEN.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.05%, TEN has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.06, TEN pays a bit more dividend than its industry peers.
  • TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.05%

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

  • 44.97% of the earnings are spent on dividend by TEN. This is a bit on the high side, but may be sustainable.
  • The dividend of TEN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44.97%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
TEN.MI Yearly Income VS Free CF VS DividendTEN.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B
TEN.MI Dividend Payout.TEN.MI Dividend Payout, showing the Payout Ratio.TEN.MI Dividend Payout.PayoutRetained Earnings

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TEN.MI Fundamentals: All Metrics, Ratios and Statistics

TENARIS SA

BIT:TEN (3/27/2026, 7:00:00 PM)

25.41

+0.05 (+0.2%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18
Earnings (Next)05-06
Inst Owners12.75%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap12.83B
Revenue(TTM)11.98B
Net Income(TTM)2.00B
Analysts72
Price Target23.47 (-7.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.05%
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)7.69%
PT rev (3m)23.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.25%
EPS NY rev (1m)-3.06%
EPS NY rev (3m)-3.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.22%
Valuation
Industry RankSector Rank
PE 15.88
Fwd PE 16.15
P/S 1.25
P/FCF 9.05
P/OCF 6.41
P/B 0.87
P/tB 0.94
EV/EBITDA 3.44
EPS(TTM)1.6
EY6.3%
EPS(NY)1.57
Fwd EY6.19%
FCF(TTM)2.81
FCFY11.05%
OCF(TTM)3.96
OCFY15.6%
SpS20.35
BVpS29.31
TBVpS26.98
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.48
Profitability
Industry RankSector Rank
ROA 9.77%
ROE 11.74%
ROCE 12.28%
ROIC 9.89%
ROICexc 11.83%
ROICexgc 12.99%
OM 18.86%
PM (TTM) 16.91%
GM 34.05%
FCFM 13.8%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-10.01%
OM growth 5YN/A
PM growth 3Y-9.42%
PM growth 5YN/A
GM growth 3Y-4.83%
GM growth 5Y10.81%
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 5.14
F-Score6
WACC7.49%
ROIC/WACC1.32
Cap/Depr(3y)108.13%
Cap/Depr(5y)86.18%
Cap/Sales(3y)4.98%
Cap/Sales(5y)4.41%
Profit Quality(3y)101.7%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.79%
EPS 3Y-5.2%
EPS 5YN/A
EPS Q2Q%-6.38%
EPS Next Y-1.5%
EPS Next 2Y3.05%
EPS Next 3Y4.26%
EPS Next 5Y2.29%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%
Revenue Next Year0.5%
Revenue Next 2Y1.89%
Revenue Next 3Y2.07%
Revenue Next 5Y1.81%
EBIT growth 1Y-17.16%
EBIT growth 3Y-9.46%
EBIT growth 5YN/A
EBIT Next Year26.22%
EBIT Next 3Y10.76%
EBIT Next 5Y6.63%
FCF growth 1Y-35.11%
FCF growth 3Y37.06%
FCF growth 5Y8.37%
OCF growth 1Y-28.2%
OCF growth 3Y30.59%
OCF growth 5Y11.32%

TENARIS SA / TEN.MI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of TENARIS SA (TEN.MI) stock?

ChartMill assigns a fundamental rating of 6 / 10 to TEN.MI.


What is the valuation status of TENARIS SA (TEN.MI) stock?

ChartMill assigns a valuation rating of 5 / 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 6 / 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 15.88 and the Price/Book (PB) ratio is 0.87.


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%.