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 has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. A decent growth rate in combination with a cheap valuation! Better keep an eye on TS. These ratings could make TS a good candidate for value investing.
1. Profitability
1.1 Basic Checks
TS had positive earnings in the past year.
In the past year TS had a positive cash flow from operations.
Of the past 5 years TS 4 years were profitable.
Each year in the past 5 years TS had a positive operating cash flow.
1.2 Ratios
TS's Return On Assets of 18.58% is amongst the best of the industry. TS outperforms 98.46% of its industry peers.
TS has a better Return On Equity (23.26%) than 90.77% of its industry peers.
TS's Return On Invested Capital of 19.52% is amongst the best of the industry. TS outperforms 100.00% of its industry peers.
TS had an Average Return On Invested Capital over the past 3 years of 13.95%. This is significantly above the industry average of 7.69%.
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
Looking at the Profit Margin, with a value of 26.35%, TS belongs to the top of the industry, outperforming 98.46% of the companies in the same industry.
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 95.38% of its industry peers.
TS's Operating Margin has improved in the last couple of years.
TS's Gross Margin of 41.70% is amongst the best of the industry. TS outperforms 83.08% of its industry peers.
In the last couple of years the Gross Margin of TS has grown nicely.
| 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.
Compared to 5 years ago, TS has less shares outstanding
Compared to 1 year ago, TS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.38 indicates that TS is not in any danger for bankruptcy at the moment.
TS has a Altman-Z score of 5.38. This is amongst the best in the industry. TS outperforms 93.85% of its industry peers.
The Debt to FCF ratio of TS is 0.19, which is an excellent value as it means it would take TS, only 0.19 years of fcf income to pay off all of its debts.
TS has a better Debt to FCF ratio (0.19) than 93.85% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that TS is not too dependend on debt financing.
TS has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. TS outperforms 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.19 | ||
| Altman-Z | 5.38 |
ROIC/WACC2.63
WACC7.43%
2.3 Liquidity
TS has a Current Ratio of 3.62. 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 3.62, TS belongs to the top of the industry, outperforming 89.23% of the companies in the same industry.
TS has a Quick Ratio of 2.27. This indicates that TS is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of TS (2.27) is better than 81.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.62 | ||
| Quick Ratio | 2.27 |
3. Growth
3.1 Past
TS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.90%, which is quite good.
Measured over the past years, TS shows a very strong growth in Earnings Per Share. The EPS has been growing by 35.10% on average per year.
Looking at the last year, TS shows a small growth in Revenue. The Revenue has grown by 4.67% in the last year.
Measured over the past years, TS shows a quite strong growth in Revenue. The Revenue has been growing by 14.19% on average per year.
EPS 1Y (TTM)11.9%
EPS 3YN/A
EPS 5Y35.1%
EPS Q2Q%-33.33%
Revenue 1Y (TTM)4.67%
Revenue growth 3Y42.42%
Revenue growth 5Y14.19%
Sales Q2Q%-16.89%
3.2 Future
TS is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.63% yearly.
Based on estimates for the next years, TS will show a decrease in Revenue. The Revenue will decrease by -3.51% on average per year.
EPS Next Y-41.17%
EPS Next 2Y-23.81%
EPS Next 3Y-16.52%
EPS Next 5Y-14.63%
Revenue Next Year-13.1%
Revenue Next 2Y-6.02%
Revenue Next 3Y-3.62%
Revenue Next 5Y-3.51%
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.
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
A Price/Earnings ratio of 5.07 indicates a rather cheap valuation of TS.
Based on the Price/Earnings ratio, TS is valued cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.41, TS is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.90, the valuation of TS can be described as very cheap.
TS's Price/Forward Earnings ratio is rather cheap when compared to the industry. TS is cheaper than 83.08% of the companies in the same industry.
TS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.07 | ||
| Fwd PE | 7.9 |
4.2 Price Multiples
TS's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TS is cheaper than 98.46% of the companies in the same industry.
TS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TS is cheaper than 93.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.69 | ||
| EV/EBITDA | 2.42 |
4.3 Compensation for Growth
The excellent profitability rating of TS may justify a higher PE ratio.
TS's earnings are expected to decrease with -16.52% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-23.81%
EPS Next 3Y-16.52%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.74%, TS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.04, TS pays a better dividend. On top of this TS pays more dividend than 90.77% of the companies listed in the same industry.
TS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
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-23.81%
EPS Next 3Y-16.52%
TENARIS SA-ADR
NYSE:TS (7/26/2024, 7:04:00 PM)
After market: 31.84 0 (0%)31.84
+0.2 (+0.63%)
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 Cap17.71B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 5.07 | ||
| Fwd PE | 7.9 | ||
| 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)0.14
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)
High Growth Momentum
Growth
EPS 1Y (TTM)11.9%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-41.17%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.67%
Revenue growth 3Y42.42%
Revenue growth 5Y
Sales 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