TENARIS SA-ADR (TS) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:TS • US88031M1099

44.3 USD
-0.76 (-1.69%)
At close: Jan 30, 2026
44.3 USD
0 (0%)
After Hours: 1/30/2026, 8:22:00 PM
Fundamental Rating

8

TS gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 61 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. These ratings could make TS a good candidate for value investing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • In the past year TS was profitable.
  • TS had a positive operating cash flow in the past year.
  • TS had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years TS had a positive operating cash flow.
TS Yearly Net Income VS EBIT VS OCF VS FCFTS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

1.2 Ratios

  • With an excellent Return On Assets value of 9.77%, TS belongs to the best of the industry, outperforming 95.08% of the companies in the same industry.
  • TS has a better Return On Equity (11.74%) than 72.13% of its industry peers.
  • TS has a Return On Invested Capital of 10.23%. This is amongst the best in the industry. TS outperforms 80.33% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TS is above the industry average of 12.88%.
  • 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 RankSector 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
TS Yearly ROA, ROE, ROICTS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15 20

1.3 Margins

  • TS has a Profit Margin of 16.91%. This is amongst the best in the industry. TS outperforms 95.08% of its industry peers.
  • TS's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 18.86%, TS belongs to the top of the industry, outperforming 81.97% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TS has grown nicely.
  • TS's Gross Margin of 34.05% is fine compared to the rest of the industry. TS outperforms 75.41% of its industry peers.
  • In the last couple of years the Gross Margin of TS has grown nicely.
Industry RankSector 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%
TS Yearly Profit, Operating, Gross MarginsTS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

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10

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TS is creating value.
  • The number of shares outstanding for TS has been reduced compared to 1 year ago.
  • The number of shares outstanding for TS has been reduced compared to 5 years ago.
  • TS has a better debt/assets ratio than last year.
TS Yearly Shares OutstandingTS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
TS Yearly Total Debt VS Total AssetsTS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • TS has an Altman-Z score of 6.47. This indicates that TS is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.47, TS belongs to the top of the industry, outperforming 98.36% of the companies in the same industry.
  • 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 91.80% of its industry peers.
  • 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 91.80% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 6.47
ROIC/WACC1.32
WACC7.74%
TS Yearly LT Debt VS Equity VS FCFTS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

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.
  • Looking at the Current ratio, with a value of 4.08, TS belongs to the top of the industry, outperforming 91.80% of the companies in the same industry.
  • A Quick Ratio of 2.55 indicates that TS has no problem at all paying its short term obligations.
  • TS has a Quick ratio of 2.55. This is amongst the best in the industry. TS outperforms 88.52% of its industry peers.
Industry RankSector Rank
Current Ratio 4.08
Quick Ratio 2.55
TS Yearly Current Assets VS Current LiabilitesTS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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3

3. Growth

3.1 Past

  • TS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.98%.
  • TS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.23% yearly.
  • The Revenue has decreased by -9.64% in the past year.
  • Measured over the past years, TS shows a quite strong growth in Revenue. The Revenue has been growing by 11.42% on average per year.
EPS 1Y (TTM)-17.98%
EPS 3Y25.95%
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

  • The Earnings Per Share is expected to decrease by -0.48% on average over the next years.
  • The Revenue is expected to grow by 1.51% on average over the next years.
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.
TS Yearly Revenue VS EstimatesTS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B
TS Yearly EPS VS EstimatesTS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4 6

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7

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.42 indicates a reasonable valuation of TS.
  • Based on the Price/Earnings ratio, TS is valued cheaply inside the industry as 90.16% of the companies are valued more expensively.
  • TS is valuated cheaply when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 11.41, the valuation of TS can be described as reasonable.
  • 95.08% of the companies in the same industry are more expensive than TS, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of TS to the average of the S&P500 Index (25.57), we can say TS is valued rather cheaply.
Industry RankSector Rank
PE 11.42
Fwd PE 11.41
TS Price Earnings VS Forward Price EarningsTS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TS indicates a somewhat cheap valuation: TS is cheaper than 77.05% of the companies listed in the same industry.
  • 73.77% of the companies in the same industry are more expensive than TS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.7
EV/EBITDA 6.1
TS Per share dataTS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of TS may justify a higher PE ratio.
PEG (NY)1.47
PEG (5Y)0.49
EPS Next 2Y2.2%
EPS Next 3Y3.58%

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6

5. Dividend

5.1 Amount

  • TS has a Yearly Dividend Yield of 3.70%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.12, TS pays a better dividend. On top of this TS pays more dividend than 91.80% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, TS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.7%

5.2 History

  • On average, the dividend of TS grows each year by 10.42%, which is quite nice.
  • TS has paid a dividend for at least 10 years, which is 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
TS Yearly Dividends per shareTS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • TS pays out 44.97% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP44.97%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
TS Yearly Income VS Free CF VS DividendTS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
TS Dividend Payout.TS Dividend Payout, showing the Payout Ratio.TS Dividend Payout.PayoutRetained Earnings

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TENARIS SA-ADR / TS FAQ

Can you provide the ChartMill fundamental rating for TENARIS SA-ADR?

ChartMill assigns a fundamental rating of 8 / 10 to TS.


What is the valuation status for 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 9 / 10.


Can you provide the PE and PB ratios for TS stock?

The Price/Earnings (PE) ratio for TENARIS SA-ADR (TS) is 11.42 and the Price/Book (PB) ratio is 1.31.


How sustainable is the dividend of TENARIS SA-ADR (TS) stock?

The dividend rating of TENARIS SA-ADR (TS) is 6 / 10 and the dividend payout ratio is 44.97%.