TENARIS SA (TW10.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:TW10 - LU2598331598 - Common Stock
16.47 EUR
+0.09 (+0.58%)
TW10 gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 36 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 quite cheap, but it does not seem to be growing. This makes TW10 very considerable for value investing!
1. Profitability
1.1 Basic Checks
TW10 had positive earnings in the past year.
TW10 had a positive operating cash flow in the past year.
Of the past 5 years TW10 4 years were profitable.
TW10 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 9.77%, TW10 belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
With a decent Return On Equity value of 11.74%, TW10 is doing good in the industry, outperforming 66.67% of the companies in the same industry.
With a decent Return On Invested Capital value of 10.23%, TW10 is doing good in the industry, outperforming 69.44% 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 10.82%.
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 Rank | Sector 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
1.3 Margins
TW10's Profit Margin of 16.91% is amongst the best of the industry. TW10 outperforms 86.11% of its industry peers.
In the last couple of years the Profit Margin of TW10 has grown nicely.
TW10 has a Operating Margin of 18.86%. This is in the better half of the industry: TW10 outperforms 72.22% of its industry peers.
In the last couple of years the Operating Margin of TW10 has grown nicely.
TW10's Gross Margin of 34.05% is fine compared to the rest of the industry. TW10 outperforms 75.00% of its industry peers.
TW10's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TW10 is creating value.
The number of shares outstanding for TW10 has been reduced compared to 1 year ago.
Compared to 5 years ago, TW10 has less shares outstanding
TW10 has a better debt/assets ratio than last year.
2.2 Solvency
TW10 has an Altman-Z score of 4.30. This indicates that TW10 is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.30, TW10 belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
The Debt to FCF ratio of TW10 is 0.29, which is an excellent value as it means it would take TW10, only 0.29 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.29, TW10 belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
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 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.29 | ||
| Altman-Z | 4.3 |
ROIC/WACC1.34
WACC7.63%
2.3 Liquidity
TW10 has a Current Ratio of 4.08. This indicates that TW10 is financially healthy and has no problem in meeting its short term obligations.
TW10 has a Current ratio of 4.08. This is amongst the best in the industry. TW10 outperforms 88.89% 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.
With an excellent Quick ratio value of 2.55, TW10 belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.08 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
The earnings per share for TW10 have decreased strongly by -17.98% in the last year.
Measured over the past years, TW10 shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.23% on average per year.
TW10 shows a decrease in Revenue. In the last year, the revenue decreased by -9.64%.
The Revenue has been growing by 11.42% on average over the past years. This is quite good.
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.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
TW10 is valuated reasonably with a Price/Earnings ratio of 10.36.
72.22% of the companies in the same industry are more expensive than TW10, based on the Price/Earnings ratio.
TW10 is valuated cheaply when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.35 indicates a reasonable valuation of TW10.
TW10's Price/Forward Earnings ratio is in line with the industry average.
TW10's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.36 | ||
| Fwd PE | 10.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TW10 is valued cheaper than 94.44% of the companies in the same industry.
72.22% of the companies in the same industry are more expensive than TW10, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.16 | ||
| EV/EBITDA | 1.77 |
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)1.34
PEG (5Y)0.45
EPS Next 2Y2.2%
EPS Next 3Y3.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.28%, TW10 is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.96, TW10 has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, TW10 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
5.2 History
On average, the dividend of TW10 grows each year by 10.42%, which is quite nice.
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%
FRA:TW10 (1/2/2026, 7:00:00 PM)
16.47
+0.09 (+0.58%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners13.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap8.56B
Revenue(TTM)11.83B
Net Income(TTM)2.00B
Analysts76.67
Price Target18.2 (10.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
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)-2.94%
PT rev (3m)N/A
EPS NQ rev (1m)-5.08%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.97%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)-0.6%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.36 | ||
| Fwd PE | 10.35 | ||
| P/S | 0.85 | ||
| P/FCF | 6.16 | ||
| P/OCF | 4.36 | ||
| P/B | 0.59 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 1.77 |
EPS(TTM)1.59
EY9.65%
EPS(NY)1.59
Fwd EY9.66%
FCF(TTM)2.67
FCFY16.24%
OCF(TTM)3.78
OCFY22.93%
SpS19.38
BVpS27.92
TBVpS25.7
PEG (NY)1.34
PEG (5Y)0.45
Graham Number31.6
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.3 |
F-Score6
WACC7.63%
ROIC/WACC1.34
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 7 / 10 to TENARIS SA (TW10.DE). This can be considered as Undervalued.
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.