View ValuationTenaris 향후 성장Future 기준 점검 0/6Tenaris 의 수익은 연간 0.8% 감소할 것으로 예상되는 반면, 연간 수익은 2.1% 로 증가할 것으로 예상됩니다. EPS는 연간 3.7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.4% 로 예상됩니다.핵심 정보-0.8%이익 성장률3.72%EPS 성장률Energy Services 이익 성장7.9%매출 성장률2.1%향후 자기자본이익률12.36%애널리스트 커버리지Good마지막 업데이트22 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • May 14Tenaris S.A. Approves Annual Dividend, Payable on May 20, 2026Tenaris S.A. announced that at the annual general shareholders' meeting held on May 12, 2026, the shareholders approved an annual dividend of USD 0.89 which represents an aggregate sum of approximately USD 0.9 billion, and which includes the interim dividend of USD 0.29 per share or approximately USD 0.3 billion, paid in November 2025. Tenaris will pay the balance of the annual dividend in the amount of USD 0.60 per share which represents approximately USD 0.6 billion, on May 20th, 2026; with a record date of May 19th, 2026, and an ex-dividend date of May 18th, 2026 for securities listed in Europe and Mexico and an ex-dividend of May 19th, 2026 for securities listed in the United States.Upcoming Dividend • May 11Upcoming dividend of US$0.60 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).공시 • May 09Tenaris S.A. Announces CEO ChangesTenaris S.A. announced that its Board of Directors appointed Gabriel Podskubka as Chief Executive Officer. Paolo Rocca will continue to serve as Chairman of the Board. The members of the Board would like to express their profound gratitude to Paolo Rocca for his outstanding leadership in building Tenaris into the clear global leader that it is today, and is pleased that Paolo will continue to serve as Chairman. Since even before Tenaris became a public company in 2002, Paolo has shown a remarkable vision in creating a unified company providing critical and uniquely differentiated products and services to customers in the energy industry. He has been the architect of the continuous growth of the company over the past 25 years, during which he has reinforced the solid industrial values which are the foundation of its success. Mr. Podskubka has served as Tenaris’s Chief Operating Officer since 2023, coordinating sales and marketing, supply chain and production operations, and product and service development. He joined Tenaris in Argentina in 1995 and has held leadership positions across marketing, commercial and industrial functions, including heading Tenaris’s Eastern European operations in 2009 and serving as president of its Eastern Hemisphere operations from 2013 to 2023.Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.54 (vs US$0.47 in 1Q 2025)First quarter 2026 results: EPS: US$0.54 (up from US$0.47 in 1Q 2025). Revenue: US$3.10b (up 6.1% from 1Q 2025). Net income: US$540.7m (up 6.7% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe.Reported Earnings • Apr 01Full year 2025 earnings released: EPS: US$1.83 (vs US$1.81 in FY 2024)Full year 2025 results: EPS: US$1.83. Revenue: US$12.0b (down 4.3% from FY 2024). Net income: US$1.93b (down 5.1% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Energy Services industry in Europe.공시 • Mar 27Tenaris S.A. (BIT:TEN) acquired Oilfield Division of AllTorque Control Systems Inc.Tenaris S.A. (BIT:TEN) acquired Oilfield Division of AllTorque Control Systems Inc. on March 26, 2026. Tenaris S.A. (BIT:TEN) completed the acquisition of Oilfield Division of AllTorque Control Systems Inc. on March 26, 2026.New Risk • Mar 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Declared Dividend • Feb 23Final dividend of US$0.60 announcedShareholders will receive a dividend of US$0.60. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 20+ 2 more updatesTenaris S.A., Annual General Meeting, May 12, 2026Tenaris S.A., Annual General Meeting, May 12, 2026.Reported Earnings • Feb 19Full year 2025 earnings released: EPS: US$1.86 (vs US$1.81 in FY 2024)Full year 2025 results: EPS: US$1.86. Revenue: US$12.0b (down 4.3% from FY 2024). Net income: US$1.93b (down 5.1% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Energy Services industry in Europe.공시 • Jan 29+ 2 more updatesTenaris S.A. to Report Q1, 2026 Results on May 06, 2026Tenaris S.A. announced that they will report Q1, 2026 results on May 06, 2026공시 • Jan 14Tenaris S.A. to Report Q4, 2025 Results on Feb 18, 2026Tenaris S.A. announced that they will report Q4, 2025 results on Feb 18, 2026Upcoming Dividend • Nov 17Upcoming dividend of US$0.29 per shareEligible shareholders must have bought the stock before 24 November 2025. Payment date: 26 November 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.8%).Declared Dividend • Nov 03Dividend increased to US$0.29Dividend of US$0.29 is 7.4% higher than last year. Ex-date: 24th November 2025 Payment date: 26th November 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: US$0.42 (vs US$0.40 in 3Q 2024)Third quarter 2025 results: EPS: US$0.42. Revenue: US$2.98b (up 2.1% from 3Q 2024). Net income: US$445.7m (flat on 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Energy Services industry in Europe.공시 • Oct 30Tenaris S.A. Approves Interim Dividend, Payable on November 26, 2025board of directors of Tenaris S.A. approved the payment of an interim dividend of $0.29 per share ($0.58 per ADS), or approximately $300 million, according to the following timetable: Payment date: November 26, 2025. Record date: November 25, 2025. Ex-dividend for securities listed in the United States: November 25, 2025. Ex-dividend for securities listed in Europe and Mexico: November 24, 2025.Buy Or Sell Opportunity • Sep 19Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €14.89. The fair value is estimated to be €18.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are forecast to decline by 3.8% per annum over the same time period.Board Change • Sep 15Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Molly Montgomery was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.이익 및 매출 성장 예측XTRA:TW10 - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202813,1722,0011,8602,4791312/31/202712,7471,9521,8042,5061812/31/202612,2411,8741,7112,440163/31/202612,1591,9671,8382,396N/A12/31/202511,9811,9331,9822,600N/A9/30/202511,8312,0001,6322,305N/A6/30/202511,7692,0031,8632,538N/A3/31/202512,0051,8062,0942,800N/A12/31/202412,5242,0362,1622,866N/A9/30/202413,0942,6492,5153,210N/A6/30/202413,4162,7393,2743,955N/A3/31/202414,1693,5263,6874,361N/A12/31/202314,8693,9183,7764,395N/A9/30/202315,0743,5963,5104,083N/A6/30/202314,8113,6652,5103,028N/A3/31/202313,5373,1791,6862,115N/A12/31/202211,7632,5537701,167N/A9/30/202210,1992,116343689N/A6/30/20228,9781,839197500N/A3/31/20227,7061,497-26022N/A12/31/20216,5211,100-126119N/A9/30/20215,595837-2212N/A6/30/20214,854474394577N/A3/31/20214,5661329011,075N/A12/31/20205,147-6341,3261,520N/A9/30/20205,757-5891,4101,645N/A6/30/20206,508-4501,3211,602N/A3/31/20207,185-1601,1631,496N/A12/31/20197,294743N/A1,528N/A9/30/20197,658817N/A1,503N/A6/30/20197,794957N/A1,179N/A3/31/20197,664884N/A1,188N/A12/31/20187,659876N/A611N/A9/30/20187,143810N/A359N/A6/30/20186,547668N/A306N/A3/31/20186,001575N/A-78N/A12/31/20175,289453N/A-22N/A9/30/20174,745319N/A-88N/A6/30/20174,429219N/A168N/A3/31/20174,241117N/A581N/A12/31/20164,29414N/A864N/A9/30/20164,470-78N/A1,145N/A6/30/20165,043-437N/A1,478N/A3/31/20165,856-344N/A1,646N/A12/31/20156,903-99N/A2,215N/A9/30/20158,357213N/A2,219N/A6/30/20159,219650N/A2,292N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TW10 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.8%).수익 vs 시장: TW10 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.8%).고성장 수익: TW10 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: TW10 의 수익(연간 2.1%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: TW10 의 수익(연간 2.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TW10의 자본 수익률은 3년 후 12.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 03:43종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tenaris S.A.는 44명의 분석가가 다루고 있습니다. 이 중 18명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Francesco TaddeiBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)41명의 분석가 더 보기
공시 • May 14Tenaris S.A. Approves Annual Dividend, Payable on May 20, 2026Tenaris S.A. announced that at the annual general shareholders' meeting held on May 12, 2026, the shareholders approved an annual dividend of USD 0.89 which represents an aggregate sum of approximately USD 0.9 billion, and which includes the interim dividend of USD 0.29 per share or approximately USD 0.3 billion, paid in November 2025. Tenaris will pay the balance of the annual dividend in the amount of USD 0.60 per share which represents approximately USD 0.6 billion, on May 20th, 2026; with a record date of May 19th, 2026, and an ex-dividend date of May 18th, 2026 for securities listed in Europe and Mexico and an ex-dividend of May 19th, 2026 for securities listed in the United States.
Upcoming Dividend • May 11Upcoming dividend of US$0.60 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).
공시 • May 09Tenaris S.A. Announces CEO ChangesTenaris S.A. announced that its Board of Directors appointed Gabriel Podskubka as Chief Executive Officer. Paolo Rocca will continue to serve as Chairman of the Board. The members of the Board would like to express their profound gratitude to Paolo Rocca for his outstanding leadership in building Tenaris into the clear global leader that it is today, and is pleased that Paolo will continue to serve as Chairman. Since even before Tenaris became a public company in 2002, Paolo has shown a remarkable vision in creating a unified company providing critical and uniquely differentiated products and services to customers in the energy industry. He has been the architect of the continuous growth of the company over the past 25 years, during which he has reinforced the solid industrial values which are the foundation of its success. Mr. Podskubka has served as Tenaris’s Chief Operating Officer since 2023, coordinating sales and marketing, supply chain and production operations, and product and service development. He joined Tenaris in Argentina in 1995 and has held leadership positions across marketing, commercial and industrial functions, including heading Tenaris’s Eastern European operations in 2009 and serving as president of its Eastern Hemisphere operations from 2013 to 2023.
Reported Earnings • May 07First quarter 2026 earnings released: EPS: US$0.54 (vs US$0.47 in 1Q 2025)First quarter 2026 results: EPS: US$0.54 (up from US$0.47 in 1Q 2025). Revenue: US$3.10b (up 6.1% from 1Q 2025). Net income: US$540.7m (up 6.7% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe.
Reported Earnings • Apr 01Full year 2025 earnings released: EPS: US$1.83 (vs US$1.81 in FY 2024)Full year 2025 results: EPS: US$1.83. Revenue: US$12.0b (down 4.3% from FY 2024). Net income: US$1.93b (down 5.1% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Energy Services industry in Europe.
공시 • Mar 27Tenaris S.A. (BIT:TEN) acquired Oilfield Division of AllTorque Control Systems Inc.Tenaris S.A. (BIT:TEN) acquired Oilfield Division of AllTorque Control Systems Inc. on March 26, 2026. Tenaris S.A. (BIT:TEN) completed the acquisition of Oilfield Division of AllTorque Control Systems Inc. on March 26, 2026.
New Risk • Mar 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Declared Dividend • Feb 23Final dividend of US$0.60 announcedShareholders will receive a dividend of US$0.60. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 20+ 2 more updatesTenaris S.A., Annual General Meeting, May 12, 2026Tenaris S.A., Annual General Meeting, May 12, 2026.
Reported Earnings • Feb 19Full year 2025 earnings released: EPS: US$1.86 (vs US$1.81 in FY 2024)Full year 2025 results: EPS: US$1.86. Revenue: US$12.0b (down 4.3% from FY 2024). Net income: US$1.93b (down 5.1% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Energy Services industry in Europe.
공시 • Jan 29+ 2 more updatesTenaris S.A. to Report Q1, 2026 Results on May 06, 2026Tenaris S.A. announced that they will report Q1, 2026 results on May 06, 2026
공시 • Jan 14Tenaris S.A. to Report Q4, 2025 Results on Feb 18, 2026Tenaris S.A. announced that they will report Q4, 2025 results on Feb 18, 2026
Upcoming Dividend • Nov 17Upcoming dividend of US$0.29 per shareEligible shareholders must have bought the stock before 24 November 2025. Payment date: 26 November 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.8%).
Declared Dividend • Nov 03Dividend increased to US$0.29Dividend of US$0.29 is 7.4% higher than last year. Ex-date: 24th November 2025 Payment date: 26th November 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: US$0.42 (vs US$0.40 in 3Q 2024)Third quarter 2025 results: EPS: US$0.42. Revenue: US$2.98b (up 2.1% from 3Q 2024). Net income: US$445.7m (flat on 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Energy Services industry in Europe.
공시 • Oct 30Tenaris S.A. Approves Interim Dividend, Payable on November 26, 2025board of directors of Tenaris S.A. approved the payment of an interim dividend of $0.29 per share ($0.58 per ADS), or approximately $300 million, according to the following timetable: Payment date: November 26, 2025. Record date: November 25, 2025. Ex-dividend for securities listed in the United States: November 25, 2025. Ex-dividend for securities listed in Europe and Mexico: November 24, 2025.
Buy Or Sell Opportunity • Sep 19Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at €14.89. The fair value is estimated to be €18.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are forecast to decline by 3.8% per annum over the same time period.
Board Change • Sep 15Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Molly Montgomery was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.