TENARIS SA-ADR (TS)
US88031M1099 - ADR
TS gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 66 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 and quality 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.
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.
1.2 Ratios
TS has a better Return On Assets (19.03%) than 96.88% of its industry peers.
TS has a better Return On Equity (23.46%) than 85.94% of its industry peers.
With an excellent Return On Invested Capital value of 22.43%, TS belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.03% | ||
| ROE | 23.46% | ||
| ROIC | 22.43% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 24.75%, TS belongs to the best of the industry, outperforming 98.44% of the companies in the same industry.
TS's Profit Margin has improved in the last couple of years.
TS's Operating Margin of 30.53% is amongst the best of the industry. TS outperforms 96.88% of its industry peers.
In the last couple of years the Operating Margin of TS has grown nicely.
With an excellent Gross Margin value of 43.25%, TS belongs to the best of the industry, outperforming 87.50% 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 | 30.53% | ||
| PM | 24.75% | ||
| GM | 43.25% |
OM growth 3Y31.84%
OM growth 5Y32.81%
PM growth 3Y28.7%
PM growth 5Y16.08%
GM growth 3Y10%
GM growth 5Y5.64%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TS is creating value.
TS has about the same amout of shares outstanding than it did 1 year ago.
TS has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for TS is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.09 indicates that TS is not in any danger for bankruptcy at the moment.
TS has a better Altman-Z score (6.09) than 92.19% of its industry peers.
The Debt to FCF ratio of TS is 0.32, which is an excellent value as it means it would take TS, only 0.32 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.32, TS belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
TS has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
TS has a Debt to Equity ratio of 0.01. This is amongst the best in the industry. TS outperforms 92.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.32 | ||
| Altman-Z | 6.09 |
ROIC/WACC3.67
WACC8.01%
2.3 Liquidity
A Current Ratio of 3.71 indicates that TS has no problem at all paying its short term obligations.
The Current ratio of TS (3.71) is better than 90.63% of its industry peers.
TS has a Quick Ratio of 2.21. This indicates that TS is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.21, TS belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.71 | ||
| Quick Ratio | 2.21 |
3. Growth
3.1 Past
TS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 159.62%, which is quite impressive.
TS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 41.56% yearly.
TS shows a strong growth in Revenue. In the last year, the Revenue has grown by 64.96%.
The Revenue has been growing by 17.34% on average over the past years. This is quite good.
EPS 1Y159.62%
EPS 3Y50.79%
EPS 5Y41.56%
EPS growth Q2Q75.93%
Revenue growth 1Y64.96%
Revenue growth 3Y17.27%
Revenue growth 5Y17.34%
Revenue growth Q2Q45.51%
3.2 Future
The Earnings Per Share is expected to decrease by -8.32% on average over the next years.
The Revenue is expected to grow by 1.15% on average over the next years.
EPS Next Y47.09%
EPS Next 2Y6.11%
EPS Next 3Y-0.21%
EPS Next 5Y-8.32%
Revenue Next Year26.59%
Revenue Next 2Y6.98%
Revenue Next 3Y3.67%
Revenue Next 5Y1.15%
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
A Price/Earnings ratio of 3.83 indicates a rather cheap valuation of TS.
Compared to the rest of the industry, the Price/Earnings ratio of TS indicates a rather cheap valuation: TS is cheaper than 98.44% of the companies listed in the same industry.
TS is valuated cheaply when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 6.37, 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 85.94% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 18.97, TS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.83 | ||
| Fwd PE | 6.37 |
4.2 Price Multiples
TS's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TS is cheaper than 98.44% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TS is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.29 | ||
| EV/EBITDA | 2.8 |
4.3 Compensation for Growth
TS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TS has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.08
PEG (5Y)0.09
EPS Next 2Y6.11%
EPS Next 3Y-0.21%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.26%, TS has a reasonable but not impressive dividend return.
TS's Dividend Yield is rather good when compared to the industry average which is at 2.34. TS pays more dividend than 93.75% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.64, TS pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.26% |
5.2 History
The dividend of TS has a limited annual growth rate of 1.88%.
TS has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of TS decreased recently.
Dividend Growth(5Y)1.88%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
16.42% of the earnings are spent on dividend by TS. This is a low number and sustainable payout ratio.
DP16.42%
EPS Next 2Y6.11%
EPS Next 3Y-0.21%
TENARIS SA-ADR
NYSE:TS (9/22/2023, 7:04:00 PM)
After market: 30.99 0 (0%)30.99
-0.13 (-0.42%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)08-02 2023-08-02/amc
Earnings (Next)11-01 2023-11-01/amc
Inst Owners14.02%
Inst Owner Change2.93%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap18.29B
Analysts78.75
Price Target54.38 (75.48%)
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.26% |
Dividend Growth(5Y)1.88%
DP16.42%
Div Incr Years1
Div Non Decr Years1
Ex-Date05-22 2023-05-22 (0.34)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)87.95%
Min EPS beat(2)16.84%
Max EPS beat(2)159.05%
EPS beat(4)2
Avg EPS beat(4)42.19%
Min EPS beat(4)-4.73%
Max EPS beat(4)159.05%
Revenue beat(2)1
Avg Revenue beat(2)104924%
Min Revenue beat(2)104924%
Max Revenue beat(2)104924%
Revenue beat(4)3
Avg Revenue beat(4)102577%
Min Revenue beat(4)101015%
Max Revenue beat(4)104924%
PT rev (1m)10.82%
PT rev (3m)15.61%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.77%
EPS NY rev (1m)0.87%
EPS NY rev (3m)14.36%
Revenue NQ rev (1m)-99.9%
Revenue NQ rev (3m)-99.91%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)1.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.83 | ||
| Fwd PE | 6.37 | ||
| P/S | 1.24 | ||
| P/FCF | 7.29 | ||
| P/OCF | 6.04 | ||
| P/B | 1.17 | ||
| P/tB | 1.28 | ||
| EV/EBITDA | 2.8 |
EPS(TTM)8.1
EY26.14%
EPS(NY)4.86
Fwd EY15.7%
FCF(TTM)4.25
FCFY13.72%
OCF(TTM)5.13
OCFY16.56%
SpS25.09
BVpS26.47
TBVpS24.21
PEG (NY)0.08
PEG (5Y)0.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.03% | ||
| ROE | 23.46% | ||
| ROCE | 27.14% | ||
| ROIC | 22.43% | ||
| ROICexc | 26.58% | ||
| ROICexgc | 29.37% | ||
| OM | 30.53% | ||
| PM | 24.75% | ||
| GM | 43.25% | ||
| FCFM | 16.95% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y44.6%
ROICexcg growth 5Y47.84%
ROICexc growth 3Y46.67%
ROICexc growth 5Y49.64%
OM growth 3Y31.84%
OM growth 5Y32.81%
PM growth 3Y28.7%
PM growth 5Y16.08%
GM growth 3Y10%
GM growth 5Y5.64%
F-Score6
Asset Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.32 | ||
| Debt/EBITDA | 0.03 | ||
| Cap/Depr | 89.74% | ||
| Cap/Sales | 3.5% | ||
| Profit Quality | 68.48% | ||
| Current Ratio | 3.71 | ||
| Quick Ratio | 2.21 | ||
| Altman-Z | 6.09 |
F-Score6
WACC8.01%
ROIC/WACC3.67
Cap/Depr(3y)45.05%
Cap/Depr(5y)50.53%
Cap/Sales(3y)3.64%
Cap/Sales(5y)4.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
Growth
EPS 1Y159.62%
EPS 3Y50.79%
EPS 5Y41.56%
EPS growth Q2Q75.93%
EPS Next Y47.09%
EPS Next 2Y6.11%
EPS Next 3Y-0.21%
EPS Next 5Y-8.32%
Revenue growth 1Y64.96%
Revenue growth 3Y17.27%
Revenue growth 5Y17.34%
Revenue growth Q2Q45.51%
Revenue Next Year26.59%
Revenue Next 2Y6.98%
Revenue Next 3Y3.67%
Revenue Next 5Y1.15%
EBIT growth 1Y164.72%
EBIT growth 3Y54.6%
EBIT growth 5Y55.83%
EBIT Next Year65.3%
EBIT Next 3Y4.48%
EBIT Next 5Y-3.42%
FCF growth 1Y537.39%
FCF growth 3Y-13.21%
FCF growth 5YN/A
OCF growth 1Y424.99%
OCF growth 3Y-8.59%
OCF growth 5YN/A