TENARIS SA (TEN.MI) Stock Fundamental Analysis
Europe - BIT:TEN - LU2598331598 - Common Stock
15.47 EUR
-0.03 (-0.19%)
Taking everything into account, TEN scores 7 out of 10 in our fundamental rating. TEN was compared to 40 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 has a bad growth rate and is valued cheaply. 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.
TEN had a positive operating cash flow in the past year.
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
The Return On Assets of TEN (9.81%) is better than 87.50% of its industry peers.
Looking at the Return On Equity, with a value of 12.08%, TEN is in line with its industry, outperforming 52.50% of the companies in the same industry.
With a Return On Invested Capital value of 9.47%, TEN perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TEN is above the industry average of 11.42%.
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
With an excellent Profit Margin value of 17.02%, TEN belongs to the best of the industry, outperforming 85.00% 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 70.00% of its industry peers.
TEN's Operating Margin has improved in the last couple of years.
TEN has a better Gross Margin (33.79%) than 80.00% 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.
Compared to 5 years ago, TEN has less shares outstanding
Compared to 1 year ago, TEN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.92 indicates that TEN is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.92, TEN belongs to the top of the industry, outperforming 92.50% of the companies in the same industry.
TEN has a debt to FCF ratio of 0.25. This is a very positive value and a sign of high solvency as it would only need 0.25 years to pay back of 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 95.00% 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 92.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 3.92 |
ROIC/WACC1.25
WACC7.55%
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 85.00% of its industry peers.
A Quick Ratio of 2.11 indicates that TEN has no problem at all paying its short term obligations.
TEN has a Quick ratio of 2.11. This is in the better half of the industry: TEN outperforms 77.50% 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%.
The Earnings Per Share has been growing by 23.23% on average over the past years. This is a very strong growth
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
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 Y10.57%
EPS Next 2Y2.96%
EPS Next 3Y3.84%
EPS Next 5Y-3.54%
Revenue Next Year-4.26%
Revenue Next 2Y-2.11%
Revenue Next 3Y-0.44%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.92, the valuation of TEN can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 70.00% of the companies listed in the same industry.
TEN is valuated cheaply when we compare the Price/Earnings ratio to 27.86, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.58, the valuation of TEN can be described as very reasonable.
TEN's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.32. TEN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.92 | ||
| Fwd PE | 9.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaper than 95.00% 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 77.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.09 | ||
| EV/EBITDA | 1.69 |
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)0.94
PEG (5Y)0.43
EPS Next 2Y2.96%
EPS Next 3Y3.84%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.57%, TEN is a good candidate for dividend investing.
TEN's Dividend Yield is a higher than the industry average which is at 5.97.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.57% |
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 (10/3/2025, 7:00:00 PM)
15.47
-0.03 (-0.19%)
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 Cap8.04B
Analysts74.44
Price Target18.27 (18.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.57% |
Yearly Dividend0.57
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)3.6%
EPS NQ rev (3m)59.72%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-7.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.4%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.92 | ||
| Fwd PE | 9.58 | ||
| P/S | 0.81 | ||
| P/FCF | 5.09 | ||
| P/OCF | 3.74 | ||
| P/B | 0.57 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 1.69 |
EPS(TTM)1.56
EY10.08%
EPS(NY)1.61
Fwd EY10.44%
FCF(TTM)3.04
FCFY19.64%
OCF(TTM)4.14
OCFY26.76%
SpS19.19
BVpS27.05
TBVpS24.82
PEG (NY)0.94
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 | 3.92 |
F-Score6
WACC7.55%
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-3.54%
Revenue 1Y (TTM)-12.28%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%-7.1%
Revenue Next Year-4.26%
Revenue Next 2Y-2.11%
Revenue Next 3Y-0.44%
Revenue Next 5Y0.14%
EBIT growth 1Y-35.93%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year14.46%
EBIT Next 3Y4.78%
EBIT Next 5Y2.3%
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%