(TEN) Tenaris S.A - Overview
Sector: Energy | Industry: Oil & Gas Equipment & Services | Exchange: MI (Italy) | Market Cap: 26.695m EUR | Total Return: 127.8% in 12m
Avg Turnover: 42.5M
EPS Trend: -87.1%
Qual. Beats: 1
Rev. Trend: -93.3%
Qual. Beats: 1
Warnings
Below Avwap Earnings
Tailwinds
Rs Leader
Tenaris S.A. is a global manufacturer of steel pipe products and provider of related services primarily serving the energy sector. The companys core operations involve the production of seamless and welded steel pipes used as casing, tubing, and line pipe for oil and gas extraction and transportation. Its product portfolio extends to mechanical and structural pipes, cold-drawn pipes for industrial applications, and specialized components for the automotive industry.
The company operates within the Oil & Gas Equipment & Services sub-industry, where it utilizes a vertically integrated business model that spans steelmaking to pipe finishing and distribution. This integration allows for greater control over supply chains in a sector characterized by high cyclicality and capital-intensive infrastructure requirements. Tenaris maintains a significant competitive presence through its TenarisHydril brand, which focuses on premium connections designed for high-pressure and high-temperature drilling environments.
Investors should consult ValueRay to analyze the underlying financial metrics of this company. Tenaris remains a critical supplier for global energy infrastructure, supporting both onshore and subsea operations across five continents.
- Global drilling activity levels and rig counts dictate seamless pipe demand
- Steel scrap and energy input costs impact consolidated manufacturing margins
- Expansion of shale operations in North America drives premium connection sales
- Infrastructure project spending in Middle East and South America fuels revenue growth
- Anti-dumping duties and trade protectionism influence regional market share and pricing
| Net Income: 1.97b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.24 > 1.0 |
| NWC/Revenue: 59.90% < 20% (prev 58.49%; Δ 1.40% < -1%) |
| CFO/TA 0.12 > 3% & CFO 2.40b > Net Income 1.97b |
| Net Debt (-1.01b) to EBITDA (2.80b): -0.36 < 3 |
| Current Ratio: 4.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.01b) vs 12m ago -5.82% < -2% |
| Gross Margin: 34.29% > 18% (prev 0.34%; Δ 3.39k% > 0.5%) |
| Asset Turnover: 59.12% > 50% (prev 58.22%; Δ 0.90% > 0%) |
| Interest Coverage Ratio: 49.59 > 6 (EBITDA TTM 2.80b / Interest Expense TTM 46.9m) |
| A: 0.36 (Total Current Assets 9.60b - Total Current Liabilities 2.32b) / Total Assets 20.5b |
| B: 0.90 (Retained Earnings 18.4b / Total Assets 20.5b) |
| C: 0.11 (EBIT TTM 2.32b / Avg Total Assets 20.6b) |
| D: 5.82 (Book Value of Equity 18.4b / Total Liabilities 3.17b) |
| Altman-Z'' = 12.12 = AAA |
| DSRI: 1.07 (Receivables 2.19b/2.02b, Revenue 12.2b/12.0b) |
| GMI: 0.99 (GM 34.29% / 34.01%) |
| AQI: 0.93 (AQ_t 0.22 / AQ_t-1 0.24) |
| SGI: 1.01 (Revenue 12.2b / 12.0b) |
| TATA: -0.02 (NI 1.97b - CFO 2.40b) / TA 20.5b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at EUR 25.88 with a total of 1,334,065 shares traded.
Over the past week, the price has changed by -13.83%,
over one month by -4.76%,
over three months by +7.68% and
over the past year by +127.81%.
Tenaris S.A has no consensus analysts rating.
Market Cap USD = 31.0b (26.7b EUR * 1.1615 EUR.USD)
P/E Trailing = 16.2209
P/E Forward = 15.9236
P/S = 2.1954
P/B = 1.8142
P/EG = 3.108
Revenue TTM = 12.2b USD
EBIT TTM = 2.32b USD
EBITDA TTM = 2.80b USD
Long Term Debt = 360k USD (from longTermDebt, last quarter)
Short Term Debt = 331.1m USD (from shortLongTermDebt, last quarter)
Debt = 142.1m USD (Leases only: 142.1m)
Net Debt = -1.01b USD (calculated: Debt 142.1m - CCE 1.15b)
Enterprise Value = 30.0b USD (31.0b + Debt 142.1m - CCE 1.15b)
Interest Coverage Ratio = 49.59 (Ebit TTM 2.32b / Interest Expense TTM 46.9m)
EV/FCF = 16.43x (Enterprise Value 30.0b / FCF TTM 1.83b)
FCF Yield = 6.09% (FCF TTM 1.83b / Enterprise Value 30.0b)
FCF Margin = 15.01% (FCF TTM 1.83b / Revenue TTM 12.2b)
Net Margin = 16.17% (Net Income TTM 1.97b / Revenue TTM 12.2b)
Gross Margin = 34.29% ((Revenue TTM 12.2b - Cost of Revenue TTM 7.99b) / Revenue TTM)
Gross Margin QoQ = 33.87% (prev 33.89%)
Tobins Q-Ratio = 1.46 (Enterprise Value 30.0b / Total Assets 20.5b)
Interest Expense / Debt = 32.98% (Interest Expense 46.9m / Debt 142.1m)
Taxrate = 15.50% (103.5m / 667.6m)
NOPAT = 1.96b (EBIT 2.32b * (1 - 15.50%))
Current Ratio = 4.15 (Total Current Assets 9.60b / Total Current Liabilities 2.32b)
Debt / Equity = 0.01 (Debt 142.1m / totalStockholderEquity, last quarter 17.1b)
Debt / EBITDA = -0.36 (Net Debt -1.01b / EBITDA 2.80b)
Debt / FCF = -0.55 (Net Debt -1.01b / FCF TTM 1.83b)
Total Stockholder Equity = 16.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.56% (Net Income 1.97b / Total Assets 20.5b)
RoE = 11.69% (Net Income TTM 1.97b / Total Stockholder Equity 16.8b)
RoCE = 13.80% (EBIT 2.32b / Capital Employed (Equity 16.8b + L.T.Debt 360k))
RoIC = 10.83% (NOPAT 1.96b / Invested Capital 18.1b)
WACC = 8.45% (E(31.0b)/V(31.1b) * Re(8.36%) + D(142.1m)/V(31.1b) * Rd(32.98%) * (1-Tc(0.15)))
Discount Rate = 8.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -37.80 | Cagr: -0.17%
[DCF] Terminal Value 73.14% ; FCFF base≈1.93b ; Y1≈1.73b ; Y5≈1.46b
[DCF] Fair Price = 23.75 (EV 23.0b - Net Debt -1.01b = Equity 24.0b / Shares 1.01b; r=8.45% [WACC]; 5y FCF grow -12.71% → 2.50% )
EPS Correlation: -87.12 | EPS CAGR: -23.42% | SUE: 0.84 | # QB: 1
Revenue Correlation: -93.26 | Revenue CAGR: -9.51% | SUE: 0.85 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.42 | Chg30d=-4.26% | Revisions=-20% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.47 | Chg30d=+7.66% | Revisions=+20% | Analysts=4
EPS current Year (2026-12-31): EPS=1.90 | Chg30d=+5.19% | Revisions=+38% | GrowthEPS=+3.9% | GrowthRev=+2.2%
EPS next Year (2027-12-31): EPS=2.07 | Chg30d=+7.52% | Revisions=+57% | GrowthEPS=+8.9% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: +57%