TENARIS SA-ADR (TS)
US88031M1099 - ADR
Overall TS gets a fundamental rating of 8 out of 10. We evaluated TS against 65 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on TS. These ratings would make TS suitable for value and quality investing!
1. Profitability
1.1 Basic Checks
TS had positive earnings in the past year.
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
TS has a Return On Assets of 18.58%. This is amongst the best in the industry. TS outperforms 96.92% of its industry peers.
TS has a Return On Equity of 23.26%. This is amongst the best in the industry. TS outperforms 87.69% of its industry peers.
TS has a better Return On Invested Capital (19.52%) than 98.46% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TS is significantly above the industry average of 8.51%.
The last Return On Invested Capital (19.52%) for TS is above the 3 year average (13.95%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.58% | ||
| ROE | 23.26% | ||
| ROIC | 19.52% |
ROA(3y)13.58%
ROA(5y)8.23%
ROE(3y)16.94%
ROE(5y)10.28%
ROIC(3y)13.95%
ROIC(5y)N/A
1.3 Margins
TS has a better Profit Margin (26.35%) than 96.92% of its industry peers.
TS's Profit Margin has improved in the last couple of years.
TS's Operating Margin of 28.80% is amongst the best of the industry. TS outperforms 96.92% of its industry peers.
TS's Operating Margin has improved in the last couple of years.
TS has a Gross Margin of 41.70%. This is amongst the best in the industry. TS outperforms 84.62% of its industry peers.
TS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.8% | ||
| PM (TTM) | 26.35% | ||
| GM | 41.7% |
OM growth 3YN/A
OM growth 5Y20.38%
PM growth 3YN/A
PM growth 5Y18.16%
GM growth 3Y26.53%
GM growth 5Y6.06%
2. Health
2.1 Basic Checks
TS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for TS has been reduced compared to 1 year ago.
TS has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, TS has an improved debt to assets ratio.
2.2 Solvency
TS has an Altman-Z score of 5.93. This indicates that TS is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 5.93, TS belongs to the best of the industry, outperforming 95.38% of the companies in the same industry.
TS has a debt to FCF ratio of 0.19. This is a very positive value and a sign of high solvency as it would only need 0.19 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.19, TS belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that TS is not too dependend on debt financing.
TS's Debt to Equity ratio of 0.01 is amongst the best of the industry. TS outperforms 87.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.19 | ||
| Altman-Z | 5.93 |
ROIC/WACC2.66
WACC7.34%
2.3 Liquidity
A Current Ratio of 3.62 indicates that TS has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.62, TS belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
A Quick Ratio of 2.27 indicates that TS has no problem at all paying its short term obligations.
The Quick ratio of TS (2.27) is better than 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.62 | ||
| Quick Ratio | 2.27 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 54.17% over the past year.
TS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 35.10% yearly.
The Revenue has grown by 26.41% in the past year. This is a very strong growth!
The Revenue has been growing by 14.19% on average over the past years. This is quite good.
EPS 1Y (TTM)54.17%
EPS 3YN/A
EPS 5Y35.1%
EPS growth Q2Q41.18%
Revenue 1Y (TTM)26.41%
Revenue growth 3Y42.42%
Revenue growth 5Y14.19%
Revenue growth Q2Q-5.67%
3.2 Future
The Earnings Per Share is expected to decrease by -13.04% on average over the next years. This is quite bad
Based on estimates for the next years, TS will show a decrease in Revenue. The Revenue will decrease by -1.57% on average per year.
EPS Next Y-34.71%
EPS Next 2Y-20.64%
EPS Next 3Y-15.34%
EPS Next 5Y-13.04%
Revenue Next Year-9.67%
Revenue Next 2Y-5.39%
Revenue Next 3Y-3.38%
Revenue Next 5Y-1.57%
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
TS is valuated cheaply with a Price/Earnings ratio of 5.51.
Based on the Price/Earnings ratio, TS is valued cheaper than 96.92% of the companies in the same industry.
TS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.25.
TS is valuated reasonably with a Price/Forward Earnings ratio of 8.44.
TS's Price/Forward Earnings ratio is rather cheap when compared to the industry. TS is cheaper than 87.69% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.67, TS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.51 | ||
| Fwd PE | 8.44 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TS is valued cheaply inside the industry as 93.85% of the companies are valued more expensively.
89.23% of the companies in the same industry are more expensive than TS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.7 | ||
| EV/EBITDA | 3.22 |
4.3 Compensation for Growth
The excellent profitability rating of TS may justify a higher PE ratio.
A cheap valuation may be justified as TS's earnings are expected to decrease with -15.34% in the coming years.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y-20.64%
EPS Next 3Y-15.34%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.15%, TS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.28, TS pays a better dividend. On top of this TS pays more dividend than 89.23% of the companies listed in the same industry.
TS's Dividend Yield is a higher than the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
5.2 History
The dividend of TS has a limited annual growth rate of 5.74%.
TS has paid a dividend for at least 10 years, which is a reliable track record.
TS has decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.74%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
TS pays out 16.25% of its income as dividend. This is a sustainable payout ratio.
DP16.25%
EPS Next 2Y-20.64%
EPS Next 3Y-15.34%
TENARIS SA-ADR
NYSE:TS (4/25/2024, 12:21:39 PM)
37.43
+0.11 (+0.29%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap21.53B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.51 | ||
| Fwd PE | 8.44 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.58% | ||
| ROE | 23.26% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 28.8% | ||
| PM (TTM) | 26.35% | ||
| GM | 41.7% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.62 | ||
| Quick Ratio | 2.27 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)54.17%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-34.71%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)26.41%
Revenue growth 3Y42.42%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y