(TS) Tenaris - Ratings and Ratios
Steel Pipes, Casings, Tubing, Line Pipes, Premium Connections
TS EPS (Earnings per Share)
TS Revenue
Description: TS Tenaris
Tenaris S.A. (NYSE: TS) manufactures and supplies a broad portfolio of steel pipe products and related services primarily for the energy sector, covering casings, tubing, line pipes, mechanical/structural pipes, cold-drawn tubes, premium joints, coiled tubing, sucker rods, and pipe-coating solutions. The company also offers ancillary activities such as energy and raw-material sales, IP licensing, procurement and trading services, and automotive components, operating across North America, South America, Europe, the Middle East & Africa, and Asia-Pacific.
According to Tenaris’ FY 2023 results (the most recent audited figures available as of Q3 2024), revenue reached $10.7 billion, up ≈ 5 % YoY, driven by higher oil-field services volumes and a modest rebound in offshore drilling activity. EBITDA margin stabilized around 14 % despite elevated raw-material costs, while capex remained focused on expanding the seamless-pipe capacity in the United States and Brazil. Key economic drivers include global crude-oil demand growth (≈ 2 % annual increase projected by the IEA through 2028) and the ongoing need for high-specification pipe in both conventional and unconventional projects, whereas the energy transition creates upside for premium-grade, low-carbon-emission steel solutions.
For a deeper quantitative breakdown of Tenaris’ valuation metrics and scenario analysis, you may find the ValueRay platform useful.
TS Stock Overview
| Market Cap in USD | 19,038m |
| Sub-Industry | Oil & Gas Equipment & Services |
| IPO / Inception | 2002-12-16 |
TS Stock Ratings
| Growth Rating | 40.3% |
| Fundamental | 59.2% |
| Dividend Rating | 83.2% |
| Return 12m vs S&P 500 | -0.57% |
| Analyst Rating | 3.82 of 5 |
TS Dividends
| Dividend Yield 12m | 4.83% |
| Yield on Cost 5y | 19.51% |
| Annual Growth 5y | 17.63% |
| Payout Consistency | 92.8% |
| Payout Ratio | 45.1% |
TS Growth Ratios
| Growth Correlation 3m | -41.4% |
| Growth Correlation 12m | -2.7% |
| Growth Correlation 5y | 90.2% |
| CAGR 5y | 9.88% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.32 |
| CAGR/Mean DD 3y (Pain Ratio) | 0.93 |
| Sharpe Ratio 12m | 0.76 |
| Alpha | -4.08 |
| Beta | 1.148 |
| Volatility | 31.60% |
| Current Volume | 2279.1k |
| Average Volume 20d | 1531.2k |
| Stop Loss | 33.3 (-3.1%) |
| Signal | -0.04 |
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (2.01b TTM) > 0 and > 6% of Revenue (6% = 708.4m TTM) |
| FCFTA 0.09 (>2.0%) and ΔFCFTA -6.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 54.84% (prev 49.65%; Δ 5.19pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.13 (>3.0%) and CFO 2.59b > Net Income 2.01b (YES >=105%, WARN >=100%) |
| Net Debt (-99.9m) to EBITDA (2.95b) ratio: -0.03 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.41 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (538.5m) change vs 12m ago -5.37% (target <= -2.0% for YES) |
| Gross Margin 33.79% (prev 37.60%; Δ -3.81pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 56.89% (prev 63.58%; Δ -6.69pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 50.35 (EBITDA TTM 2.95b / Interest Expense TTM 46.4m) >= 6 (WARN >= 3) |
Altman Z'' 10.67
| (A) 0.32 = (Total Current Assets 9.16b - Total Current Liabilities 2.68b) / Total Assets 20.41b |
| (B) 0.82 = Retained Earnings (Balance) 16.70b / Total Assets 20.41b |
| warn (B) unusual magnitude: 0.82 — check mapping/units |
| (C) 0.11 = EBIT TTM 2.34b / Avg Total Assets 20.75b |
| (D) 4.92 = Book Value of Equity 17.77b / Total Liabilities 3.61b |
| Total Rating: 10.67 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 59.23
| 1. Piotroski 5.50pt = 0.50 |
| 2. FCF Yield 9.97% = 4.98 |
| 3. FCF Margin 16.10% = 4.02 |
| 4. Debt/Equity 0.03 = 2.50 |
| 5. Debt/Ebitda -0.03 = 2.50 |
| 6. ROIC - WACC (= 1.27)% = 1.58 |
| 7. RoE 11.90% = 0.99 |
| 8. Rev. Trend -56.23% = -4.22 |
| 9. EPS Trend -72.76% = -3.64 |
What is the price of TS shares?
Over the past week, the price has changed by -3.35%, over one month by -5.32%, over three months by -8.13% and over the past year by +14.18%.
Is Tenaris a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TS is around 32.42 USD . This means that TS is currently overvalued and has a potential downside of -5.65%.
Is TS a buy, sell or hold?
- 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 | 42.4 | 23.4% |
| Analysts Target Price | 42.4 | 23.4% |
| ValueRay Target Price | 36.7 | 6.7% |
Last update: 2025-10-11 03:56
TS Fundamental Data Overview
P/E Trailing = 9.6081
P/E Forward = 15.7729
P/S = 1.6177
P/B = 1.1267
P/EG = 4.692
Beta = 1.148
Revenue TTM = 11.81b USD
EBIT TTM = 2.34b USD
EBITDA TTM = 2.95b USD
Long Term Debt = 4.36m USD (from longTermDebt, last quarter)
Short Term Debt = 373.8m USD (from shortTermDebt, last quarter)
Debt = 472.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -99.9m USD (from netDebt column, last quarter)
Enterprise Value = 19.07b USD (19.04b + Debt 472.4m - CCE 438.5m)
Interest Coverage Ratio = 50.35 (Ebit TTM 2.34b / Interest Expense TTM 46.4m)
FCF Yield = 9.97% (FCF TTM 1.90b / Enterprise Value 19.07b)
FCF Margin = 16.10% (FCF TTM 1.90b / Revenue TTM 11.81b)
Net Margin = 17.02% (Net Income TTM 2.01b / Revenue TTM 11.81b)
Gross Margin = 33.79% ((Revenue TTM 11.81b - Cost of Revenue TTM 7.82b) / Revenue TTM)
Gross Margin QoQ = 34.74% (prev 34.27%)
Tobins Q-Ratio = 0.93 (Enterprise Value 19.07b / Total Assets 20.41b)
Interest Expense / Debt = 2.08% (Interest Expense 9.83m / Debt 472.4m)
Taxrate = 16.28% (106.7m / 655.2m)
NOPAT = 1.96b (EBIT 2.34b * (1 - 16.28%))
Current Ratio = 3.41 (Total Current Assets 9.16b / Total Current Liabilities 2.68b)
Debt / Equity = 0.03 (Debt 472.4m / totalStockholderEquity, last quarter 16.58b)
Debt / EBITDA = -0.03 (Net Debt -99.9m / EBITDA 2.95b)
Debt / FCF = -0.05 (Net Debt -99.9m / FCF TTM 1.90b)
Total Stockholder Equity = 16.89b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.85% (Net Income 2.01b / Total Assets 20.41b)
RoE = 11.90% (Net Income TTM 2.01b / Total Stockholder Equity 16.89b)
RoCE = 13.83% (EBIT 2.34b / Capital Employed (Equity 16.89b + L.T.Debt 4.36m))
RoIC = 11.31% (NOPAT 1.96b / Invested Capital 17.29b)
WACC = 10.04% (E(19.04b)/V(19.51b) * Re(10.25%) + D(472.4m)/V(19.51b) * Rd(2.08%) * (1-Tc(0.16)))
Discount Rate = 10.25% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -4.31%
[DCF Debug] Terminal Value 62.89% ; FCFE base≈2.45b ; Y1≈1.72b ; Y5≈893.4m
Fair Price DCF = 23.85 (DCF Value 12.39b / Shares Outstanding 519.5m; 5y FCF grow -35.13% → 3.0% )
EPS Correlation: -72.76 | EPS CAGR: -62.73% | SUE: -1.73 | # QB: 0
Revenue Correlation: -56.23 | Revenue CAGR: 1.80% | SUE: 1.06 | # QB: 1
Additional Sources for TS Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle