TENARIS SA (TEN.MI) Stock Fundamental Analysis
BIT:TEN - Euronext Milan - LU2598331598 - Common Stock - Currency: EUR
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 scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TEN is cheap, but on the other hand it scores bad on growth. 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
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.
Each year in the past 5 years TEN had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 8.76%, TEN belongs to the best of the industry, outperforming 80.56% of the companies in the same industry.
TEN has a Return On Equity (10.52%) which is comparable to the rest of the industry.
TEN has a better Return On Invested Capital (9.58%) than 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TEN is significantly above the industry average of 10.62%.
The 3 year average ROIC (16.25%) for TEN is well above the current ROIC(9.58%). The reason for the recent decline needs to be investigated.
| 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
TEN's Profit Margin of 15.05% is amongst the best of the industry. TEN outperforms 80.56% of its industry peers.
In the last couple of years the Profit Margin of TEN has grown nicely.
TEN has a better Operating Margin (17.56%) than 75.00% of its industry peers.
TEN's Operating Margin has improved in the last couple of years.
TEN's Gross Margin of 34.01% is fine compared to the rest 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
The number of shares outstanding for TEN has been reduced compared to 5 years ago.
Compared to 1 year ago, TEN has an improved debt to assets ratio.
2.2 Solvency
TEN has an Altman-Z score of 4.33. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
TEN has a Altman-Z score of 4.33. This is amongst the best in the industry. TEN outperforms 91.67% of its industry peers.
The Debt to FCF ratio of TEN is 0.24, which is an excellent value as it means it would take TEN, only 0.24 years of fcf income to pay off 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 94.44% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that TEN is not too dependend on debt financing.
TEN has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. TEN outperforms 94.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.24 | ||
| Altman-Z | 4.33 |
ROIC/WACC1.27
WACC7.54%
2.3 Liquidity
A Current Ratio of 4.08 indicates that TEN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 4.08, TEN belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
TEN has a Quick Ratio of 2.53. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
TEN's Quick ratio of 2.53 is fine compared to the rest of the industry. TEN outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.53 |
3. Growth
3.1 Past
TEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.18%.
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.
Looking at the last year, TEN shows a very negative growth in Revenue. The Revenue has decreased by -15.28% in the last year.
The Revenue has been growing by 11.42% on average over the past years. This is quite good.
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
Based on estimates for the next years, TEN will show a decrease in Earnings Per Share. The EPS will decrease by -3.09% on average per year.
The Revenue is expected to decrease by -0.43% on average over the next years.
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
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
The Price/Earnings ratio is 11.88, which indicates a very decent valuation of TEN.
TEN's Price/Earnings ratio is in line with the industry average.
TEN is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.75, the valuation of TEN can be described as reasonable.
61.11% of the companies in the same industry are cheaper than TEN, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.88 | ||
| Fwd PE | 8.75 |
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.
72.22% 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 | 4.87 | ||
| EV/EBITDA | 1.76 |
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.
TEN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.63
PEG (5Y)0.51
EPS Next 2Y10.98%
EPS Next 3Y7.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.34%, TEN is a good candidate for dividend investing.
TEN's Dividend Yield is a higher than the industry average which is at 6.19.
Compared to an average S&P500 Dividend Yield of 2.35, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.34% |
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 41.95% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP41.95%
EPS Next 2Y10.98%
EPS Next 3Y7.04%
BIT:TEN (7/11/2025, 7:00:00 PM)
16.51
+0.14 (+0.86%)
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 Cap8.74B
Analysts72.94
Price Target18.24 (10.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.34% |
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)0.47%
PT rev (3m)-19.18%
EPS NQ rev (1m)-24.71%
EPS NQ rev (3m)-22.02%
EPS NY rev (1m)0%
EPS NY rev (3m)7.58%
Revenue NQ rev (1m)0.66%
Revenue NQ rev (3m)1.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.88 | ||
| Fwd PE | 8.75 | ||
| P/S | 0.85 | ||
| P/FCF | 4.87 | ||
| P/OCF | 3.64 | ||
| P/B | 0.59 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | 1.76 |
EPS(TTM)1.39
EY8.42%
EPS(NY)1.89
Fwd EY11.43%
FCF(TTM)3.39
FCFY20.52%
OCF(TTM)4.53
OCFY27.44%
SpS19.42
BVpS27.77
TBVpS25.57
PEG (NY)0.63
PEG (5Y)0.51
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 | 4.33 |
F-ScoreN/A
WACC7.54%
ROIC/WACC1.27
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%