(TS) Tenaris - Ratings and Ratios

Exchange: NYSE • Country: Luxembourg • Currency: USD • Type: Common Stock • ISIN: US88031M1099

Steel Pipes, Casings, Tubing, Line Pipes, Premium Connections

Stock: Oil & Gas Equipment & Services
Age 23.1y
MCap 21,097m
Avg Vol 987K (41.5M USD)
Beta 0.808
Volatility 27.94%

EPS (Earnings per Share)

EPS (Earnings per Share) of TS over the last years for every Quarter: "2020-12": 0.18, "2021-03": 0.18, "2021-06": 0.5, "2021-09": 0.56, "2021-12": 0.63, "2022-03": 0.85, "2022-06": 1.08, "2022-09": 1.03, "2022-12": 1.36, "2023-03": 1.91, "2023-06": 1.9, "2023-09": 0.91, "2023-12": 1.92, "2024-03": 1.28, "2024-06": 0.58, "2024-09": 0.81, "2024-12": 0.94, "2025-03": 0.94, "2025-06": 0.99, "2025-09": 0.85, "2025-12": 0,
EPS CAGR: -45.60%
EPS Trend: -49.8%
Last SUE: -2.50
Qual. Beats: 0

Revenue

Revenue of TS over the last years for every Quarter: 2020-12: 1130.628, 2021-03: 1181.789, 2021-06: 1528.511, 2021-09: 1753.743, 2021-12: 2057.164, 2022-03: 2367.041, 2022-06: 2800.474, 2022-09: 2974.801, 2022-12: 3620.21, 2023-03: 4141.181, 2023-06: 4074.913, 2023-09: 3237.836, 2023-12: 3414.93, 2024-03: 3441.544, 2024-06: 3321.677, 2024-09: 2915.487, 2024-12: 2845.226, 2025-03: 2922.212, 2025-06: 3085.672, 2025-09: 2964.892784, 2025-12: null,
Rev. CAGR: 10.24%
Rev. Trend: 24.1%
Last SUE: 1.16
Qual. Beats: 1

Dividends

Dividend Yield 4.82%
Yield on Cost 5y 13.26%
Yield CAGR 5y 33.20%
Payout Consistency 93.1%
Payout Ratio 45.7%
Risk via 5d forecast
Volatility 27.9%
Value at Risk 5%th 42.8%
Relative Tail Risk -6.93%
Reward TTM
Sharpe Ratio 0.64
Alpha 7.63
CAGR/Max DD 0.41
Character TTM
Hurst Exponent 0.562
Beta 0.808
Beta Downside 1.117
Drawdowns 3y
Max DD 30.72%
Mean DD 10.71%
Median DD 8.58%

Description: TS Tenaris December 19, 2025

Tenaris S.A. (NYSE:TS) manufactures and supplies a broad portfolio of steel pipe products and related services for the energy sector and other industrial markets worldwide, including seamless casings, tubing, line pipe, mechanical and structural pipe, cold-drawn pipe, premium joints, coiled tubing, sucker rods, and pipe-coating services. The company also offers ancillary activities such as energy and raw-material sales, IP licensing, procurement and trading, and financial operations.

In 2023 Tenaris reported revenue of approximately $9.2 billion and adjusted EBITDA of $1.4 billion, yielding an EBITDA margin near 15%. Adjusted earnings per share were $5.45, while net debt stood at roughly 2.1 × EBITDA, indicating a moderate leverage profile relative to peers.

Key economic drivers for Tenaris include global oil-and-gas drilling activity (rig count), the pace of offshore and unconventional development, and the growing demand for natural-gas infrastructure in Asia. The company’s market share of about 20 % in the seamless pipe segment makes it sensitive to oil price cycles, yet its diversified product mix and exposure to the broader industrial pipe market provide a partial hedge against sector downturns.

For a deeper quantitative dive, see the Tenaris profile on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 2.00b TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA -3.77 > 1.0
NWC/Revenue: 59.77% < 20% (prev 55.02%; Δ 4.75% < -1%)
CFO/TA 0.12 > 3% & CFO 2.35b > Net Income 2.00b
Net Debt (-69.7m) to EBITDA (3.01b): -0.02 < 3
Current Ratio: 4.08 > 1.5 & < 3
Outstanding Shares: last quarter (538.5m) vs 12m ago -3.12% < -2%
Gross Margin: 34.05% > 18% (prev 0.36%; Δ 3368 % > 0.5%)
Asset Turnover: 56.81% > 50% (prev 61.94%; Δ -5.13% > 0%)
Interest Coverage Ratio: 59.74 > 6 (EBITDA TTM 3.01b / Interest Expense TTM 40.0m)

Altman Z'' 10.00

A: 0.35 (Total Current Assets 9.36b - Total Current Liabilities 2.29b) / Total Assets 20.47b
B: 0.87 (Retained Earnings 17.73b / Total Assets 20.47b)
C: 0.11 (EBIT TTM 2.39b / Avg Total Assets 20.80b)
D: 5.86 (Book Value of Equity 18.81b / Total Liabilities 3.21b)
Altman-Z'' Score: 12.02 = AAA

Beneish M -2.90

DSRI: 1.18 (Receivables 2.55b/2.39b, Revenue 11.82b/13.09b)
GMI: 1.07 (GM 34.05% / 36.35%)
AQI: 1.00 (AQ_t 0.23 / AQ_t-1 0.23)
SGI: 0.90 (Revenue 11.82b / 13.09b)
TATA: -0.02 (NI 2.00b - CFO 2.35b) / TA 20.47b)
Beneish M-Score: -2.90 (Cap -4..+1) = A

ValueRay F-Score (Strict, 0-100) 65.93

1. Piotroski: 6.50pt
2. FCF Yield: 7.85%
3. FCF Margin: 14.06%
4. Debt/Equity: 0.03
5. Debt/Ebitda: -0.02
6. ROIC - WACC: 1.35%
7. RoE: 11.86%
8. Revenue Trend: 24.12%
9. EPS Trend: -49.78%

What is the price of TS shares?

As of January 26, 2026, the stock is trading at USD 44.43 with a total of 1,342,523 shares traded.
Over the past week, the price has changed by +4.91%, over one month by +15.91%, over three months by +21.51% and over the past year by +19.94%.

Is TS a buy, sell or hold?

Tenaris has received a consensus analysts rating of 3.82. Therefore, it is recommended to buy TS.
  • Strong Buy: 4
  • Buy: 4
  • Hold: 1
  • Sell: 1
  • Strong Sell: 1

What are the forecasts/targets for the TS price?

Issuer Target Up/Down from current
Wallstreet Target Price 44.4 -0%
Analysts Target Price 44.4 -0%
ValueRay Target Price 51.5 16%

TS Fundamental Data Overview January 19, 2026

P/E Trailing = 11.2339
P/E Forward = 15.7729
P/S = 1.7832
P/B = 1.238
P/EG = 4.692
Revenue TTM = 11.82b USD
EBIT TTM = 2.39b USD
EBITDA TTM = 3.01b USD
Long Term Debt = 2.25m USD (from longTermDebt, last quarter)
Short Term Debt = 378.8m USD (from shortTermDebt, last quarter)
Debt = 477.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -69.7m USD (from netDebt column, last quarter)
Enterprise Value = 21.15b USD (21.10b + Debt 477.5m - CCE 421.1m)
Interest Coverage Ratio = 59.74 (Ebit TTM 2.39b / Interest Expense TTM 40.0m)
EV/FCF = 12.73x (Enterprise Value 21.15b / FCF TTM 1.66b)
FCF Yield = 7.85% (FCF TTM 1.66b / Enterprise Value 21.15b)
FCF Margin = 14.06% (FCF TTM 1.66b / Revenue TTM 11.82b)
Net Margin = 16.91% (Net Income TTM 2.00b / Revenue TTM 11.82b)
Gross Margin = 34.05% ((Revenue TTM 11.82b - Cost of Revenue TTM 7.79b) / Revenue TTM)
Gross Margin QoQ = 34.65% (prev 34.74%)
Tobins Q-Ratio = 1.03 (Enterprise Value 21.15b / Total Assets 20.47b)
Interest Expense / Debt = 2.01% (Interest Expense 9.59m / Debt 477.5m)
Taxrate = 27.50% (170.9m / 621.6m)
NOPAT = 1.73b (EBIT 2.39b * (1 - 27.50%))
Current Ratio = 4.08 (Total Current Assets 9.36b / Total Current Liabilities 2.29b)
Debt / Equity = 0.03 (Debt 477.5m / totalStockholderEquity, last quarter 17.04b)
Debt / EBITDA = -0.02 (Net Debt -69.7m / EBITDA 3.01b)
Debt / FCF = -0.04 (Net Debt -69.7m / FCF TTM 1.66b)
Total Stockholder Equity = 16.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.61% (Net Income 2.00b / Total Assets 20.47b)
RoE = 11.86% (Net Income TTM 2.00b / Total Stockholder Equity 16.85b)
RoCE = 14.19% (EBIT 2.39b / Capital Employed (Equity 16.85b + L.T.Debt 2.25m))
RoIC = 10.07% (NOPAT 1.73b / Invested Capital 17.21b)
WACC = 8.73% (E(21.10b)/V(21.57b) * Re(8.89%) + D(477.5m)/V(21.57b) * Rd(2.01%) * (1-Tc(0.28)))
Discount Rate = 8.89% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -4.31%
[DCF Debug] Terminal Value 69.63% ; FCFF base≈2.00b ; Y1≈1.47b ; Y5≈842.1m
Fair Price DCF = 27.99 (EV 14.06b - Net Debt -69.7m = Equity 14.13b / Shares 504.8m; r=8.73% [WACC]; 5y FCF grow -31.26% → 2.90% )
[DCF Warning] FCF declining rapidly (-31.26%), DCF may be unreliable
EPS Correlation: -49.78 | EPS CAGR: -45.60% | SUE: -2.50 | # QB: 0
Revenue Correlation: 24.12 | Revenue CAGR: 10.24% | SUE: 1.16 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.81 | Chg30d=+0.009 | Revisions Net=+0 | Analysts=7
EPS next Year (2026-12-31): EPS=3.37 | Chg30d=-0.035 | Revisions Net=-3 | Growth EPS=-4.2% | Growth Revenue=+0.1%

Additional Sources for TS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle