TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - BIT:TEN - LU2598331598 - Common Stock
15.525 EUR
-0.17 (-1.08%)
Taking everything into account, TEN scores 7 out of 10 in our fundamental rating. TEN was compared to 36 industry peers in the Energy Equipment & Services industry. Both the health and profitability get an excellent rating, making TEN a very profitable company, without any liquidiy or solvency issues. TEN is valued quite cheap, but it does not seem to be growing. Finally TEN also has an excellent dividend rating. These ratings would make TEN suitable 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.
TEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 9.81%, TEN belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.08%, TEN is in the better half of the industry, outperforming 63.89% of the companies in the same industry.
With a decent Return On Invested Capital value of 9.47%, TEN is doing good in the industry, outperforming 63.89% 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 10.49%.
The 3 year average ROIC (16.25%) for TEN is well above the current ROIC(9.47%). The reason for the recent decline needs to be investigated.
| 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
Looking at the Profit Margin, with a value of 17.02%, TEN belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
In the last couple of years the Profit Margin of TEN has grown nicely.
TEN has a Operating Margin of 17.12%. This is in the better half of the industry: TEN outperforms 66.67% of its industry peers.
In the last couple of years the Operating Margin of TEN has grown nicely.
TEN's Gross Margin of 33.79% is fine compared to the rest of the industry. TEN outperforms 72.22% of its industry peers.
TEN's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TEN is creating value.
The number of shares outstanding for TEN has been reduced compared to 1 year ago.
TEN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for TEN has been reduced compared to a year ago.
2.2 Solvency
TEN has an Altman-Z score of 3.90. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TEN (3.90) is better than 94.44% 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.
Looking at the Debt to FCF ratio, with a value of 0.25, 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.
The Debt to Equity ratio of TEN (0.01) is better than 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 3.9 |
ROIC/WACC1.25
WACC7.58%
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.
The Current ratio of TEN (3.41) is better than 86.11% of its industry peers.
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.
TEN has a better Quick ratio (2.11) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.41 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
TEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.13%.
TEN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.23% yearly.
TEN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.28%.
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)-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
Based on estimates for the next years, TEN will show a decrease in Earnings Per Share. The EPS will decrease by -1.54% on average per year.
The Revenue is expected to grow by 1.09% on average over the next years.
EPS Next Y10.57%
EPS Next 2Y2.96%
EPS Next 3Y3.84%
EPS Next 5Y-1.54%
Revenue Next Year-4.11%
Revenue Next 2Y-1.71%
Revenue Next 3Y-0.07%
Revenue Next 5Y1.09%
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
A Price/Earnings ratio of 9.83 indicates a reasonable valuation of TEN.
Based on the Price/Earnings ratio, TEN is valued a bit cheaper than 69.44% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.89, TEN is valued rather cheaply.
TEN is valuated reasonably with a Price/Forward Earnings ratio of 9.50.
The rest of the industry has a similar Price/Forward Earnings ratio as TEN.
TEN is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.83 | ||
| Fwd PE | 9.5 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaper than 97.22% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TEN is valued a bit cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.03 | ||
| 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.
TEN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.93
PEG (5Y)0.42
EPS Next 2Y2.96%
EPS Next 3Y3.84%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 4.55%, which is a nice return.
Compared to an average industry Dividend Yield of 7.20, TEN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
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 2Y2.96%
EPS Next 3Y3.84%
BIT:TEN (10/24/2025, 7:00:00 PM)
15.525
-0.17 (-1.08%)
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 Cap8.06B
Revenue(TTM)11.77B
Net Income(TTM)2.00B
Analysts74.44
Price Target18.27 (17.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
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%
PT rev (3m)0.18%
EPS NQ rev (1m)-15.94%
EPS NQ rev (3m)-41.06%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.04%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-1.94%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.83 | ||
| Fwd PE | 9.5 | ||
| P/S | 0.8 | ||
| P/FCF | 5.03 | ||
| P/OCF | 3.69 | ||
| P/B | 0.56 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 1.63 |
EPS(TTM)1.58
EY10.18%
EPS(NY)1.63
Fwd EY10.53%
FCF(TTM)3.09
FCFY19.89%
OCF(TTM)4.21
OCFY27.1%
SpS19.51
BVpS27.49
TBVpS25.23
PEG (NY)0.93
PEG (5Y)0.42
Graham Number31.26
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
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 | 0.25 | ||
| 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 | 3.9 |
F-Score6
WACC7.58%
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)-22.13%
EPS 3Y24.77%
EPS 5Y23.23%
EPS Q2Q%72.41%
EPS Next Y10.57%
EPS Next 2Y2.96%
EPS Next 3Y3.84%
EPS Next 5Y-1.54%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
Revenue Next Year-4.11%
Revenue Next 2Y-1.71%
Revenue Next 3Y-0.07%
Revenue Next 5Y1.09%
EBIT growth 1Y-35.93%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year14.46%
EBIT Next 3Y4.78%
EBIT Next 5Y4.32%
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%
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 7 / 10 to TENARIS SA (TEN.MI). This can be considered as Undervalued.
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 9.83 and the Price/Book (PB) ratio is 0.56.
How financially healthy is TENARIS SA?
The financial health rating of TENARIS SA (TEN.MI) is 10 / 10.