TENARIS SA-ADR (TS) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TS - US88031M1099 - ADR
38.53 USD
+0.2 (+0.52%)
38.53 USD
0 (0%)
Overall TS gets a fundamental rating of 7 out of 10. We evaluated TS against 62 industry peers in the Energy Equipment & Services industry. TS gets an excellent profitability rating and is at the same time showing great financial health properties. TS is valued quite cheap, but it does not seem to be growing. Finally TS also has an excellent dividend rating. These ratings could make TS a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
In the past year TS was profitable.
TS had a positive operating cash flow in the past year.
Of the past 5 years TS 4 years were profitable.
In the past 5 years TS always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 9.77%, TS belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.74%, TS is in the better half of the industry, outperforming 69.35% of the companies in the same industry.
TS's Return On Invested Capital of 10.23% is fine compared to the rest of the industry. TS outperforms 77.42% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TS is above the industry average of 13.08%.
The last Return On Invested Capital (10.23%) for TS is well below the 3 year average (16.25%), which needs to be investigated, but indicates that TS had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.77% | ||
| ROE | 11.74% | ||
| ROIC | 10.23% |
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
TS's Profit Margin of 16.91% is amongst the best of the industry. TS outperforms 93.55% of its industry peers.
In the last couple of years the Profit Margin of TS has grown nicely.
TS has a better Operating Margin (18.86%) than 80.65% of its industry peers.
In the last couple of years the Operating Margin of TS has grown nicely.
With a decent Gross Margin value of 34.05%, TS is doing good in the industry, outperforming 74.19% of the companies in the same industry.
In the last couple of years the Gross Margin of TS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.86% | ||
| PM (TTM) | 16.91% | ||
| GM | 34.05% |
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), TS is creating value.
Compared to 1 year ago, TS has less shares outstanding
The number of shares outstanding for TS has been reduced compared to 5 years ago.
The debt/assets ratio for TS has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.04 indicates that TS is not in any danger for bankruptcy at the moment.
TS has a Altman-Z score of 6.04. This is amongst the best in the industry. TS outperforms 96.77% of its industry peers.
The Debt to FCF ratio of TS is 0.29, which is an excellent value as it means it would take TS, only 0.29 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TS (0.29) is better than 91.94% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that TS is not too dependend on debt financing.
The Debt to Equity ratio of TS (0.01) is better than 91.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 6.04 |
ROIC/WACC1.35
WACC7.6%
2.3 Liquidity
TS has a Current Ratio of 4.08. This indicates that TS is financially healthy and has no problem in meeting its short term obligations.
TS's Current ratio of 4.08 is amongst the best of the industry. TS outperforms 91.94% of its industry peers.
TS has a Quick Ratio of 2.55. This indicates that TS is financially healthy and has no problem in meeting its short term obligations.
TS has a better Quick ratio (2.55) than 85.48% 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 for TS have decreased strongly by -17.98% in the last year.
TS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.23% yearly.
Looking at the last year, TS shows a decrease in Revenue. The Revenue has decreased by -9.64% 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)-17.98%
EPS 3Y24.76%
EPS 5Y23.23%
EPS Q2Q%10.26%
Revenue 1Y (TTM)-9.64%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%2.15%
3.2 Future
TS is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.48% yearly.
TS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.51% yearly.
EPS Next Y7.74%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
EPS Next 5Y-0.48%
Revenue Next Year-4.18%
Revenue Next 2Y-2.02%
Revenue Next 3Y-0.36%
Revenue Next 5Y1.51%
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
Based on the Price/Earnings ratio of 10.22, the valuation of TS can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of TS indicates a rather cheap valuation: TS is cheaper than 88.71% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of TS to the average of the S&P500 Index (26.84), we can say TS is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.21, the valuation of TS can be described as very reasonable.
93.55% of the companies in the same industry are more expensive than TS, based on the Price/Forward Earnings ratio.
TS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.22 | ||
| Fwd PE | 10.21 |
4.2 Price Multiples
TS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TS is cheaper than 74.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TS is valued a bit cheaper than 69.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.26 | ||
| EV/EBITDA | 5.24 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TS has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.32
PEG (5Y)0.44
EPS Next 2Y2.2%
EPS Next 3Y3.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.32%, TS is a good candidate for dividend investing.
TS's Dividend Yield is rather good when compared to the industry average which is at 1.30. TS pays more dividend than 91.94% of the companies in the same industry.
TS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.32% |
5.2 History
On average, the dividend of TS grows each year by 10.42%, which is quite nice.
TS has been paying a dividend for at least 10 years, so it has a reliable track record.
TS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.42%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
44.97% of the earnings are spent on dividend by TS. This is a bit on the high side, but may be sustainable.
DP44.97%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
38.53
+0.2 (+0.52%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners13.38%
Inst Owner Change-23.11%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap20.01B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76.67
Price Target42.38 (9.99%)
Short Float %4.41%
Short Ratio5.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.32% |
Yearly Dividend0.67
Dividend Growth(5Y)10.42%
DP44.97%
Div Incr Years3
Div Non Decr Years3
Ex-Date
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)-2.1%
PT rev (3m)-0.93%
EPS NQ rev (1m)-5.08%
EPS NQ rev (3m)-33.52%
EPS NY rev (1m)0.97%
EPS NY rev (3m)-4.03%
Revenue NQ rev (1m)-0.6%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.22 | ||
| Fwd PE | 10.21 | ||
| P/S | 1.69 | ||
| P/FCF | 12.26 | ||
| P/OCF | 8.68 | ||
| P/B | 1.17 | ||
| P/tB | 1.28 | ||
| EV/EBITDA | 5.24 |
EPS(TTM)3.77
EY9.78%
EPS(NY)3.77
Fwd EY9.79%
FCF(TTM)3.14
FCFY8.16%
OCF(TTM)4.44
OCFY11.51%
SpS22.78
BVpS32.81
TBVpS30.19
PEG (NY)1.32
PEG (5Y)0.44
Graham Number52.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.77% | ||
| ROE | 11.74% | ||
| ROCE | 12.28% | ||
| ROIC | 10.23% | ||
| ROICexc | 12.25% | ||
| ROICexgc | 13.45% | ||
| OM | 18.86% | ||
| PM (TTM) | 16.91% | ||
| GM | 34.05% | ||
| FCFM | 13.8% |
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 | 0.29 | ||
| 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 | 6.04 |
F-Score6
WACC7.6%
ROIC/WACC1.35
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)-17.98%
EPS 3Y24.76%
EPS 5Y23.23%
EPS Q2Q%10.26%
EPS Next Y7.74%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
EPS Next 5Y-0.48%
Revenue 1Y (TTM)-9.64%
Revenue growth 3Y24.3%
Revenue growth 5Y11.42%
Sales Q2Q%2.15%
Revenue Next Year-4.18%
Revenue Next 2Y-2.02%
Revenue Next 3Y-0.36%
Revenue Next 5Y1.51%
EBIT growth 1Y-17.16%
EBIT growth 3Y47.51%
EBIT growth 5Y24.84%
EBIT Next Year18.88%
EBIT Next 3Y5.97%
EBIT Next 5Y2.42%
FCF growth 1Y-53.5%
FCF growth 3YN/A
FCF growth 5Y12.92%
OCF growth 1Y-43.56%
OCF growth 3Y188.73%
OCF growth 5Y13.41%
TENARIS SA-ADR / TS FAQ
Can you provide the ChartMill fundamental rating for TENARIS SA-ADR?
ChartMill assigns a fundamental rating of 7 / 10 to TS.
What is the valuation status of TENARIS SA-ADR (TS) stock?
ChartMill assigns a valuation rating of 7 / 10 to TENARIS SA-ADR (TS). This can be considered as Undervalued.
Can you provide the profitability details for TENARIS SA-ADR?
TENARIS SA-ADR (TS) has a profitability rating of 8 / 10.
What is the valuation of TENARIS SA-ADR based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TENARIS SA-ADR (TS) is 10.22 and the Price/Book (PB) ratio is 1.17.
What is the expected EPS growth for TENARIS SA-ADR (TS) stock?
The Earnings per Share (EPS) of TENARIS SA-ADR (TS) is expected to grow by 7.74% in the next year.