TS Stock Analysis: Tenaris | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 27.245m USD | 12M Return: 63% | US88031M1099 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 77.6M
EPS Trend: -83.2%
Qual. Beats: 0
Rev. Trend: -89.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tenaris S.A. is a Luxembourg-based manufacturer of seamless and welded steel pipe products serving the global energy industry, with operations across North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Its core oil and gas offerings include casing, tubing, and line pipe for upstream and midstream operations, along with premium connections marketed under the TenarisHydril brand for high-pressure and high-temperature environments.
Beyond oil and gas, the company supplies cold-drawn tubes for boilers, heat exchangers, and automotive applications, as well as coiled tubing, sucker rods, pipe coatings, and hydraulic fracturing services. It also engages in intellectual property licensing, raw materials procurement and trading, and financial operations. As an Oil & Gas Equipment & Services provider, Tenariss revenue is closely tied to global drilling activity and exploration and production capital spending, and it operates as a subsidiary of Techint Holdings S.àr.l., part of the Techint industrial group.
- North American shale drilling rebound lifts OCTG sales and pricing
- Argentina Vaca Muerta unconventional gas drives regional pipe demand
- Middle East energy projects boost seamless pipe order backlog
| Net Income: 1.91b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.78 > 1.0 |
| NWC/Revenue: 56.53% < 20% (prev 55.02%; Δ 1.50% < -1%) |
| CFO/TA 0.11 > 3% & CFO 2.27b > Net Income 1.91b |
| Net Debt (-2.19b) to EBITDA (3.14b): -0.70 < 3 |
| Current Ratio: 4.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (504.8m) vs 12m ago -6.25% < -2% |
| Gross Margin: 33.90% > 18% (prev 33.79%; Δ 0.11% > 0.5%) |
| Asset Turnover: 59.13% > 50% (prev 57.67%; Δ 1.46% > 0%) |
| Interest Coverage Ratio: 51.34 > 6 (EBIT TTM 2.52b / Interest Expense TTM 49.0m) |
| A: 0.34 (Total Current Assets 9.02b - Total Current Liabilities 2.22b) / Total Assets 20.3b |
| B: 0.84 (Retained Earnings 17.1b / Total Assets 20.3b) |
| C: 0.12 (EBIT TTM 2.52b / Avg Total Assets 20.4b) |
| D: 5.48 (Book Value of Equity 17.0b / Total Liabilities 3.09b) |
| Altman-Z'' = 11.54 = AAA |
| DSRI: 0.97 (Receivables 2.34b/2.37b, Revenue 12.0b/11.8b) |
| GMI: 1.00 (GM 33.79% / 33.90%) |
| AQI: 1.02 (AQ_t 0.25 / AQ_t-1 0.24) |
| SGI: 1.02 (Revenue 12.0b / 11.8b) |
| TATA: -0.02 (NI 1.91b - CFO 2.27b) / TA 20.3b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of September 05, 2026, the stock is trading at USD 56.45 with a total of 708,124 shares traded. Over the past week, the price has changed by +4.60%, over one month by -2.61%, over three months by -11.69% and over the past year by +63.00%.
Current recommended Stop Loss: 53.60 (which is 5% or 2.2 ATR below the current price).
Tenaris has received a consensus analysts rating of 3.82. Therefore, it is recommended to buy TS.
- StrongBuy: 4
- Buy: 4
- Hold: 1
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 63.9 | 13.2% |
P/E Trailing = 14.4305
P/E Forward = 15.7729
P/S = 2.2628
P/B = 1.6163
P/EG = 3.1501
Revenue TTM = 12.0b USD
EBIT TTM = 2.52b USD
EBITDA TTM = 3.14b USD
Long Term Debt = 357k USD (from longTermDebt, last quarter)
Short Term Debt = 348.4m USD (from shortTermDebt, last quarter)
Debt = 592.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 145.1m
Net Debt = -2.19b USD (calculated: Debt 592.0m - CCE 2.78b)
Enterprise Value = 25.1b USD (27.2b + Debt 592.0m - CCE 2.78b)
Interest Coverage Ratio = 51.34 (Ebit TTM 2.52b / Interest Expense TTM 49.0m)
EV/FCF = 14.45x (Enterprise Value 25.1b / FCF TTM 1.73b)
FCF Yield = 6.92% (FCF TTM 1.73b / Enterprise Value 25.1b)
FCF Margin = 14.40% (FCF TTM 1.73b / Revenue TTM 12.0b)
Net Margin = 15.89% (Net Income TTM 1.91b / Revenue TTM 12.0b)
Gross Margin = 33.90% ((Revenue TTM 12.0b - Cost of Revenue TTM 7.96b) / Revenue TTM)
Gross Margin QoQ = 33.19% (prev 33.87%)
Tobins Q-Ratio = 1.23 (Enterprise Value 25.1b / Total Assets 20.3b)
Interest Expense / Debt = 8.28% (Interest Expense 49.0m / Debt 592.0m)
Taxrate = 20.22% (499.7m / 2.47b)
NOPAT = 2.01b (EBIT 2.52b * (1 - 20.22%))
Current Ratio = 4.07 (Total Current Assets 9.02b / Total Current Liabilities 2.22b)
Debt / Equity = 0.03 (Debt 592.0m / totalStockholderEquity, last quarter 17.0b)
Debt / EBITDA = -0.70 (Net Debt -2.19b / EBITDA 3.14b)
Debt / FCF = -1.26 (Net Debt -2.19b / FCF TTM 1.73b)
Total Stockholder Equity = 16.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.39% (Net Income 1.91b / Total Assets 20.3b)
RoE = 11.30% (Net Income TTM 1.91b / Total Stockholder Equity 16.9b)
RoCE = 14.88% (EBIT 2.52b / Capital Employed (Equity 16.9b + L.T.Debt 357k))
RoIC = 11.26% (NOPAT 2.01b / Invested Capital 17.8b)
WACC = 8.56% (E(27.2b)/V(27.8b) * Re(8.60%) + D(592.0m)/V(27.8b) * Rd(8.28%) * (1-Tc(0.20)))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -29.72 | Cagr: -5.98%
[DCF] Terminal Value 73.40% ; FCFF base≈1.80b ; Y1≈1.67b ; Y5≈1.52b
[DCF] Fair Price = 50.41 (EV 23.3b - Net Debt -2.19b = Equity 25.5b / Shares 504.8m; r=8.56% [WACC]; 5y FCF grow -8.80% → 2.50% )
EPS Correlation: -83.18 | EPS CAGR: -21.31% | SUE: 0.82 | # QB: 0
Revenue Correlation: -89.62 | Revenue CAGR: -8.64% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.84 | Chg30d=-8.24% | Revisions=-40% | Analysts=4
EPS current Year (2026-12-31): EPS=3.73 | Chg30d=-2.82% | Revisions=+0% | GrowthEPS=+2.0% | GrowthRev=+2.2%
EPS next Year (2027-12-31): EPS=4.15 | Chg30d=+2.04% | Revisions=+17% | GrowthEPS=+11.2% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: -10% (up=3, down=4)