TENARIS SA (TEN.MI) Stock Fundamental Analysis
BIT:TEN - LU2598331598 - Common Stock
15.645 EUR
+0.21 (+1.39%)
Taking everything into account, TEN scores 7 out of 10 in our fundamental rating. TEN was compared to 35 industry peers in the Energy Equipment & Services industry. TEN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TEN is valued quite cheap, but it does not seem to be growing. 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.
TEN had positive earnings in 4 of the past 5 years.
Each year in the past 5 years TEN had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.81%, TEN belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
TEN's Return On Equity of 12.08% is in line compared to the rest of the industry. TEN outperforms 57.14% of its industry peers.
TEN has a Return On Invested Capital (9.47%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TEN is above the industry average of 11.26%.
The last Return On Invested Capital (9.47%) 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 | 9.81% | ||
| ROE | 12.08% | ||
| ROIC | 9.47% |
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 has a Profit Margin of 17.02%. This is amongst the best in the industry. TEN outperforms 85.71% of its industry peers.
TEN's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 17.12%, TEN is doing good in the industry, outperforming 71.43% of the companies in the same industry.
In the last couple of years the Operating Margin of TEN has grown nicely.
TEN has a better Gross Margin (33.79%) than 77.14% of its industry peers.
In the last couple of years the Gross Margin of TEN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.12% | ||
| PM (TTM) | 17.02% | ||
| GM | 33.79% |
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.
Compared to 1 year ago, TEN has less shares outstanding
Compared to 5 years ago, TEN has less shares outstanding
TEN has a better debt/assets ratio than last year.
2.2 Solvency
TEN has an Altman-Z score of 3.91. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
TEN has a better Altman-Z score (3.91) than 91.43% of its industry peers.
The Debt to FCF ratio of TEN is 0.25, which is an excellent value as it means it would take TEN, only 0.25 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TEN (0.25) is better than 94.29% 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.
With an excellent Debt to Equity ratio value of 0.01, TEN belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 3.91 |
ROIC/WACC1.24
WACC7.63%
2.3 Liquidity
TEN has a Current Ratio of 3.41. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 3.41, TEN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
TEN has a Quick Ratio of 2.11. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of TEN (2.11) is better than 74.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
The earnings per share for TEN have decreased strongly by -22.13% in the last year.
Measured over the past years, TEN shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.23% on average per year.
TEN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.28%.
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)-22.13%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%72.41%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
3.2 Future
TEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.54% yearly.
The Revenue is expected to grow by 0.14% on average over the next years.
EPS Next Y18.95%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
EPS Next 5Y-3.54%
Revenue Next Year-4.48%
Revenue Next 2Y-2.48%
Revenue Next 3Y-0.78%
Revenue Next 5Y0.14%
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 9.96, the valuation of TEN can be described as reasonable.
Based on the Price/Earnings ratio, TEN is valued a bit cheaper than 65.71% of the companies in the same industry.
TEN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.24.
With a Price/Forward Earnings ratio of 8.26, the valuation of TEN can be described as very reasonable.
TEN's Price/Forward Earnings ratio is in line with the industry average.
TEN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.96 | ||
| Fwd PE | 8.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaper than 94.29% of the companies in the same industry.
74.29% 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 | 5.14 | ||
| EV/EBITDA | 1.66 |
4.3 Compensation for Growth
TEN's 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)0.53
PEG (5Y)0.43
EPS Next 2Y10.98%
EPS Next 3Y7.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.60%, TEN is a good candidate for dividend investing.
TEN's Dividend Yield is a higher than the industry average which is at 6.75.
Compared to an average S&P500 Dividend Yield of 2.36, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
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 44.92% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.92%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
BIT:TEN (8/22/2025, 7:00:00 PM)
15.645
+0.21 (+1.39%)
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 Cap8.22B
Analysts74.44
Price Target18.41 (17.67%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
Yearly Dividend0.58
Dividend Growth(5Y)10.42%
DP44.92%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-15.42%
Min EPS beat(2)-19.77%
Max EPS beat(2)-11.07%
EPS beat(4)2
Avg EPS beat(4)8.2%
Min EPS beat(4)-19.77%
Max EPS beat(4)45.42%
EPS beat(8)4
Avg EPS beat(8)8.64%
EPS beat(12)6
Avg EPS beat(12)7.55%
EPS beat(16)10
Avg EPS beat(16)11.78%
Revenue beat(2)1
Avg Revenue beat(2)0.5%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)2.14%
Revenue beat(4)3
Avg Revenue beat(4)2.48%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)5.06%
Revenue beat(8)6
Avg Revenue beat(8)2.63%
Revenue beat(12)10
Avg Revenue beat(12)2.76%
Revenue beat(16)14
Avg Revenue beat(16)2.71%
PT rev (1m)0.91%
PT rev (3m)-8.67%
EPS NQ rev (1m)-32.32%
EPS NQ rev (3m)54.17%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.09%
Revenue NQ rev (3m)-1.49%
Revenue NY rev (1m)-1.5%
Revenue NY rev (3m)-1.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.96 | ||
| Fwd PE | 8.26 | ||
| P/S | 0.81 | ||
| P/FCF | 5.14 | ||
| P/OCF | 3.77 | ||
| P/B | 0.58 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 1.66 |
EPS(TTM)1.57
EY10.04%
EPS(NY)1.89
Fwd EY12.11%
FCF(TTM)3.05
FCFY19.47%
OCF(TTM)4.15
OCFY26.53%
SpS19.24
BVpS27.11
TBVpS24.89
PEG (NY)0.53
PEG (5Y)0.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 12.08% | ||
| ROCE | 11.36% | ||
| ROIC | 9.47% | ||
| ROICexc | 11.44% | ||
| ROICexgc | 12.61% | ||
| OM | 17.12% | ||
| PM (TTM) | 17.02% | ||
| GM | 33.79% | ||
| FCFM | 15.83% |
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-Score6
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.25 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 109.79% | ||
| Cap/Sales | 5.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.51% | ||
| Profit Quality | 93.01% | ||
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 3.91 |
F-Score6
WACC7.63%
ROIC/WACC1.24
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)-22.13%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%72.41%
EPS Next Y18.95%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
EPS Next 5Y-3.54%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
Revenue Next Year-4.48%
Revenue Next 2Y-2.48%
Revenue Next 3Y-0.78%
Revenue Next 5Y0.14%
EBIT growth 1Y-35.93%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year15.41%
EBIT Next 3Y5.01%
EBIT Next 5Y2.92%
FCF growth 1Y-25.79%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y-16.19%
OCF growth 3Y188.73%
OCF growth 5Y13.41%