TENARIS SA (TEN.MI) Stock Fundamental Analysis
BIT:TEN • LU2598331598
22.66 EUR
-0.58 (-2.5%)
Last: Mar 3, 2026, 04:15 PM
Taking everything into account, TEN scores 6 out of 10 in our fundamental rating. TEN was compared to 36 industry peers in the Energy Equipment & Services industry. While TEN has a great health rating, its profitability is only average at the moment. TEN is valued correctly, but it does not seem to be growing.
1. Profitability
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.
- In the past 5 years TEN always reported a positive cash flow from operatings.
1.2 Ratios
- TEN's Return On Assets of 9.77% is amongst the best of the industry. TEN outperforms 80.56% of its industry peers.
- TEN's Return On Equity of 11.74% is fine compared to the rest of the industry. TEN outperforms 66.67% of its industry peers.
- TEN's Return On Invested Capital of 9.89% is fine compared to the rest of the industry. TEN outperforms 69.44% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
- The Profit Margin of TEN (16.91%) is better than 83.33% of its industry peers.
- In the last couple of years the Profit Margin of TEN has declined.
- With a decent Operating Margin value of 18.86%, TEN is doing good in the industry, outperforming 72.22% of the companies in the same industry.
- In the last couple of years the Operating Margin of TEN has declined.
- The Gross Margin of TEN (34.05%) is better than 72.22% of its industry peers.
- TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
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.
2.2 Solvency
- TEN has an Altman-Z score of 4.95. This indicates that TEN is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of TEN (4.95) is better than 91.67% 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.
- TEN has a better Debt to FCF ratio (0.29) than 94.44% of its industry peers.
- 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 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.95 |
ROIC/WACC1.3
WACC7.6%
2.3 Liquidity
- TEN has a Current Ratio of 4.08. This indicates that TEN is financially healthy and has no problem in meeting its short term obligations.
- With an excellent Current ratio value of 4.08, TEN belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
- A Quick Ratio of 2.55 indicates that TEN has no problem at all paying its short term obligations.
- TEN's Quick ratio of 2.55 is amongst the best of the industry. TEN outperforms 86.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 2.79% over the past year.
- Measured over the past years, TEN shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.20% on average per year.
- Looking at the last year, TEN shows a decrease in Revenue. The Revenue has decreased by -4.33% in the last year.
- The Revenue has been growing by 18.41% on average over the past years. This is quite good.
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 decrease by -1.37% on average over the next years.
- The Revenue is expected to grow by 2.71% on average over the next years.
EPS Next Y1.61%
EPS Next 2Y3.97%
EPS Next 3Y1.82%
EPS Next 5Y-1.37%
Revenue Next Year0.38%
Revenue Next 2Y1.61%
Revenue Next 3Y1.37%
Revenue Next 5Y2.71%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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
- The Price/Earnings ratio is 14.43, which indicates a correct valuation of TEN.
- TEN's Price/Earnings ratio is a bit cheaper when compared to the industry. TEN is cheaper than 61.11% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.13. TEN is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 14.18, which indicates a correct valuation of TEN.
- TEN's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 28.11. TEN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.43 | ||
| Fwd PE | 14.18 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TEN indicates a rather cheap valuation: TEN is cheaper than 88.89% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 69.44% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.2 | ||
| EV/EBITDA | 3.07 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of TEN may justify a higher PE ratio.
PEG (NY)8.96
PEG (5Y)N/A
EPS Next 2Y3.97%
EPS Next 3Y1.82%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.26%, TEN has a reasonable but not impressive dividend return.
- TEN's Dividend Yield is a higher than the industry average which is at 3.13.
- Compared to an average S&P500 Dividend Yield of 1.82, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.26% |
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.
DP44.97%
EPS Next 2Y3.97%
EPS Next 3Y1.82%
BIT:TEN (3/3/2026, 4:15:09 PM)
22.66
-0.58 (-2.5%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-18 2026-02-18/bmo
Earnings (Next)05-06 2026-05-06
Inst Owners13.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap11.44B
Revenue(TTM)11.98B
Net Income(TTM)2.00B
Analysts76
Price Target21.8 (-3.8%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.26% |
Yearly Dividend0.57
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)14.81%
PT rev (3m)16.34%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)-5.31%
EPS NY rev (1m)0%
EPS NY rev (3m)0.81%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-0.6%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)-0.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.43 | ||
| Fwd PE | 14.18 | ||
| P/S | 1.13 | ||
| P/FCF | 8.2 | ||
| P/OCF | 5.81 | ||
| P/B | 0.79 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 3.07 |
EPS(TTM)1.57
EY6.93%
EPS(NY)1.6
Fwd EY7.05%
FCF(TTM)2.76
FCFY12.2%
OCF(TTM)3.9
OCFY17.22%
SpS20.03
BVpS28.86
TBVpS26.56
PEG (NY)8.96
PEG (5Y)N/A
Graham Number31.93
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.95 |
F-Score6
WACC7.6%
ROIC/WACC1.3
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 Y1.61%
EPS Next 2Y3.97%
EPS Next 3Y1.82%
EPS Next 5Y-1.37%
Revenue 1Y (TTM)-4.33%
Revenue growth 3Y0.62%
Revenue growth 5Y18.41%
Sales Q2Q%5.27%
Revenue Next Year0.38%
Revenue Next 2Y1.61%
Revenue Next 3Y1.37%
Revenue Next 5Y2.71%
EBIT growth 1Y-17.16%
EBIT growth 3Y-9.46%
EBIT growth 5YN/A
EBIT Next Year25.51%
EBIT Next 3Y10.04%
EBIT Next 5Y3.31%
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 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 14.43 and the Price/Book (PB) ratio is 0.79.
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%.