TENARIS SA (TW10.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:TW10 • LU2598331598

19.925 EUR
+0.2 (+0.99%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

Overall TW10 gets a fundamental rating of 7 out of 10. We evaluated TW10 against 37 industry peers in the Energy Equipment & Services industry. TW10 gets an excellent profitability rating and is at the same time showing great financial health properties. TW10 is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year TW10 was profitable.
  • TW10 had a positive operating cash flow in the past year.
  • Of the past 5 years TW10 4 years were profitable.
  • In the past 5 years TW10 always reported a positive cash flow from operatings.
TW10.DE Yearly Net Income VS EBIT VS OCF VS FCFTW10.DE 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%, TW10 belongs to the best of the industry, outperforming 81.08% of the companies in the same industry.
  • TW10 has a better Return On Equity (11.74%) than 64.86% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 10.23%, TW10 is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
  • TW10 had an Average Return On Invested Capital over the past 3 years of 16.25%. This is significantly above the industry average of 10.27%.
  • The last Return On Invested Capital (10.23%) for TW10 is well below the 3 year average (16.25%), which needs to be investigated, but indicates that TW10 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
TW10.DE Yearly ROA, ROE, ROICTW10.DE 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

  • Looking at the Profit Margin, with a value of 16.91%, TW10 belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TW10 has grown nicely.
  • TW10 has a better Operating Margin (18.86%) than 72.97% of its industry peers.
  • TW10's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 34.05%, TW10 is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
  • TW10's Gross Margin has improved in the last couple of years.
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%
TW10.DE Yearly Profit, Operating, Gross MarginsTW10.DE 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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ROAROEROICOperating and Profit MarginShow most profitable peers

10

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TW10 is creating value.
  • The number of shares outstanding for TW10 has been reduced compared to 1 year ago.
  • The number of shares outstanding for TW10 has been reduced compared to 5 years ago.
  • Compared to 1 year ago, TW10 has an improved debt to assets ratio.
TW10.DE Yearly Shares OutstandingTW10.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
TW10.DE Yearly Total Debt VS Total AssetsTW10.DE 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

  • An Altman-Z score of 4.64 indicates that TW10 is not in any danger for bankruptcy at the moment.
  • TW10 has a better Altman-Z score (4.64) than 94.59% of its industry peers.
  • TW10 has a debt to FCF ratio of 0.29. This is a very positive value and a sign of high solvency as it would only need 0.29 years to pay back of all of its debts.
  • TW10's Debt to FCF ratio of 0.29 is amongst the best of the industry. TW10 outperforms 94.59% of its industry peers.
  • A Debt/Equity ratio of 0.01 indicates that TW10 is not too dependend on debt financing.
  • TW10 has a better Debt to Equity ratio (0.01) than 91.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF 0.29
Altman-Z 4.64
ROIC/WACC1.32
WACC7.74%
TW10.DE Yearly LT Debt VS Equity VS FCFTW10.DE 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

  • A Current Ratio of 4.08 indicates that TW10 has no problem at all paying its short term obligations.
  • TW10 has a Current ratio of 4.08. This is amongst the best in the industry. TW10 outperforms 89.19% of its industry peers.
  • TW10 has a Quick Ratio of 2.55. This indicates that TW10 is financially healthy and has no problem in meeting its short term obligations.
  • TW10 has a better Quick ratio (2.55) than 86.49% of its industry peers.
Industry RankSector Rank
Current Ratio 4.08
Quick Ratio 2.55
TW10.DE Yearly Current Assets VS Current LiabilitesTW10.DE 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for TW10 have decreased strongly by -17.98% in the last year.
  • The Earnings Per Share has been growing by 23.23% on average over the past years. This is a very strong growth
  • TW10 shows a decrease in Revenue. In the last year, the revenue decreased by -9.64%.
  • TW10 shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
EPS 1Y (TTM)-17.98%
EPS 3Y24.77%
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

  • Based on estimates for the next years, TW10 will show a decrease in Earnings Per Share. The EPS will decrease by -0.48% on average per year.
  • Based on estimates for the next years, TW10 will show a small growth in Revenue. The Revenue will grow by 1.51% on average per year.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TW10.DE Yearly Revenue VS EstimatesTW10.DE 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
TW10.DE Yearly EPS VS EstimatesTW10.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.69, the valuation of TW10 can be described as correct.
  • Based on the Price/Earnings ratio, TW10 is valued a bit cheaper than the industry average as 70.27% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 28.03. TW10 is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 12.68, the valuation of TW10 can be described as correct.
  • The rest of the industry has a similar Price/Forward Earnings ratio as TW10.
  • The average S&P500 Price/Forward Earnings ratio is at 27.97. TW10 is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.69
Fwd PE 12.68
TW10.DE Price Earnings VS Forward Price EarningsTW10.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • TW10's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TW10 is cheaper than 89.19% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, TW10 is valued a bit cheaper than 72.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.33
EV/EBITDA 2.46
TW10.DE Per share dataTW10.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • TW10 has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.64
PEG (5Y)0.55
EPS Next 2Y2.2%
EPS Next 3Y3.58%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • TW10 has a Yearly Dividend Yield of 3.62%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.45, TW10 pays a bit more dividend than its industry peers.
  • TW10's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 3.62%

5.2 History

  • The dividend of TW10 is nicely growing with an annual growth rate of 10.42%!
Dividend Growth(5Y)10.42%
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

  • 44.97% of the earnings are spent on dividend by TW10. This is a bit on the high side, but may be sustainable.
DP44.97%
EPS Next 2Y2.2%
EPS Next 3Y3.58%
TW10.DE Yearly Income VS Free CF VS DividendTW10.DE 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
TW10.DE Dividend Payout.TW10.DE Dividend Payout, showing the Payout Ratio.TW10.DE Dividend Payout.PayoutRetained Earnings

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TENARIS SA

FRA:TW10 (2/9/2026, 7:00:00 PM)

19.925

+0.2 (+0.99%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-29
Earnings (Next)02-18
Inst Owners13.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap10.06B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts75.79
Price Target18.36 (-7.85%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.62%
Yearly Dividend0.57
Dividend Growth(5Y)10.42%
DP44.97%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
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)0.93%
PT rev (3m)N/A
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 12.69
Fwd PE 12.68
P/S 1.01
P/FCF 7.33
P/OCF 5.19
P/B 0.7
P/tB 0.76
EV/EBITDA 2.46
EPS(TTM)1.57
EY7.88%
EPS(NY)1.57
Fwd EY7.89%
FCF(TTM)2.72
FCFY13.64%
OCF(TTM)3.84
OCFY19.26%
SpS19.7
BVpS28.38
TBVpS26.12
PEG (NY)1.64
PEG (5Y)0.55
Graham Number31.66
Profitability
Industry RankSector 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 RankSector 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 4.64
F-Score6
WACC7.74%
ROIC/WACC1.32
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 3Y24.77%
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 / TW10.DE FAQ

What is the fundamental rating for TW10 stock?

ChartMill assigns a fundamental rating of 7 / 10 to TW10.DE.


Can you provide the valuation status for TENARIS SA?

ChartMill assigns a valuation rating of 6 / 10 to TENARIS SA (TW10.DE). This can be considered as Fairly Valued.


What is the profitability of TW10 stock?

TENARIS SA (TW10.DE) has a profitability rating of 8 / 10.


What is the financial health of TENARIS SA (TW10.DE) stock?

The financial health rating of TENARIS SA (TW10.DE) is 10 / 10.


Can you provide the expected EPS growth for TW10 stock?

The Earnings per Share (EPS) of TENARIS SA (TW10.DE) is expected to grow by 7.74% in the next year.