Executive Summary
Tenaris S.A., through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Tenaris's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TEN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.3%
TEN
-2.5%
IT Energy Services
-2.7%
IT Market
1 Year Return
-53.6%
TEN
-53.2%
IT Energy Services
-16.1%
IT Market
Return vs Industry: TEN underperformed the Italian Energy Services industry which returned -52.3% over the past year.
Return vs Market: TEN underperformed the Italian Market which returned -15% over the past year.
Shareholder returns
| TEN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | -2.5% | -2.7% |
| 30 Day | 0.5% | -0.2% | -0.04% |
| 90 Day | -23.1% | -16.0% | -6.5% |
| 1 Year | -53.1%-53.6% | -52.4%-53.2% | -13.9%-16.1% |
| 3 Year | -57.9%-60.6% | -60.8%-64.1% | -13.1%-21.0% |
| 5 Year | -57.1%-62.1% | -63.0%-64.5% | -8.8%-29.8% |
Price Volatility Vs. Market
How volatile is Tenaris's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Is Tenaris S.A. (BIT:TEN) As Strong As Its Balance Sheet Indicates?1 year ago | Simply Wall St
Tenaris S.A. (BIT:TEN): 1 Days To Buy Before The Ex-Dividend Date1 year ago | Simply Wall St
An Intrinsic Calculation For Tenaris S.A. (BIT:TEN) Suggests It's 25% UndervaluedValuation
Is Tenaris undervalued compared to its fair value and its price relative to the market?
43.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TEN (€4.37) is trading below our estimate of fair value (€7.67)
Significantly Below Fair Value: TEN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TEN is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.
PE vs Market: TEN is unprofitable, so we can't compare its PE Ratio to the Italian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TEN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TEN's PB Ratio (0.5x) is in line with the XE Energy Services industry average.
Next Steps
Future Growth
How is Tenaris forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
81.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TEN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: TEN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TEN's is expected to become profitable in the next 3 years.
Revenue vs Market: TEN's revenue (6.3% per year) is forecast to grow faster than the Italian market (3.4% per year).
High Growth Revenue: TEN's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TEN's Return on Equity is forecast to be low in 3 years time (5%).
Next Steps
Past Performance
How has Tenaris performed over the past 5 years?
22.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TEN is currently unprofitable.
Growing Profit Margin: TEN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TEN is unprofitable, but has reduced losses over the past 5 years at a rate of 22.5% per year.
Accelerating Growth: Unable to compare TEN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TEN is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-28.6%).
Return on Equity
High ROE: TEN has a negative Return on Equity (-4.11%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tenaris's financial position?
Financial Position Analysis
Short Term Liabilities: TEN's short term assets ($4.5B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: TEN's short term assets ($4.5B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TEN's debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: TEN's debt to equity ratio has reduced from 10% to 6.4% over the past 5 years.
Debt Coverage: TEN's debt is well covered by operating cash flow (220.8%).
Interest Coverage: TEN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Tenaris's current dividend yield, its reliability and sustainability?
4.36%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TEN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TEN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TEN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TEN is not paying a notable dividend for the Italian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TEN's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.0yrs
Average management tenure
CEO
Paolo Rocca (67 yo)
18yrs
Tenure
Mr. Paolo Rocca serves the Chief Executive Officer of Tubos de Acero de México S.A. Mr. Rocca serves as Chief Executive Officer of Techint. Mr. Rocca serves as Honorary President of Techint at Ternium Side ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 18yrs | no data | no data | |
| Chief Financial Officer | 1.17yrs | no data | no data | |
| Chief Technology Officer | 10.5yrs | no data | no data | |
| Chief Digital & Information Officer | 0.42yr | no data | no data | |
| Investor Relations Director | no data | no data | no data | |
| Chief Human Resources Officer | 4.75yrs | no data | no data | |
| President of Mexico | 17.75yrs | no data | no data | |
| President of Brazil | 8yrs | no data | no data | |
| President of Southern Cone | 10.33yrs | no data | no data | |
| President of United States | 5.75yrs | no data | no data | |
| Chief Supply Chain Officer | 8yrs | no data | no data | |
| President of Eastern Hemisphere | 7.5yrs | no data | 0.00033% $ 17.0k |
8.0yrs
Average Tenure
55yo
Average Age
Experienced Management: TEN's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 18yrs | no data | no data | |
| Independent Director | 15.75yrs | no data | no data | |
| Vice Chairman of the Board | no data | no data | 0.072% $ 3.7m | |
| Independent Director | 17.75yrs | no data | no data | |
| Director | 17.75yrs | no data | no data | |
| Director | 13.33yrs | no data | 0.0057% $ 293.3k | |
| Independent Director | 0.33yr | no data | no data | |
| Independent Director | 17.75yrs | no data | no data | |
| Director | 17.75yrs | no data | no data | |
| Vice Chairman of the Board | no data | no data | no data | |
| Independent Director | 3.42yrs | no data | no data | |
| Independent Director | 2.42yrs | no data | no data |
16.4yrs
Average Tenure
69yo
Average Age
Experienced Board: TEN's board of directors are seasoned and experienced ( 16.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tenaris S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tenaris S.A.
- Ticker: TEN
- Exchange: BIT
- Founded: 2001
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: €5.154b
- Shares outstanding: 1.18b
- Website: https://www.tenaris.com
Number of Employees
Location
- Tenaris S.A.
- 26, Boulevard Royal
- 4th Floor
- Luxembourg City
- 2449
- Luxembourg
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| T1SS34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BRAZILIAN DEPOSITARY RECEIPTS 1 ADR X 2 BDRS | BR | BRL | No data | |
| TS | NYSE (New York Stock Exchange) | SPONS ADR EACH REP 2 ORD SHS | US | USD | Dec 2002 | |
| TW1 | DB (Deutsche Boerse AG) | SPONS ADR EACH REP 2 ORD SHS | DE | EUR | Dec 2002 | |
| TNRS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2002 |
| TS * | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Dec 2002 |
| TEN | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Dec 2002 |
| TW11 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2002 |
| 0HXB | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Dec 2002 |
| TENM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Dec 2002 |
| TEN | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Dec 2002 |
Biography
Tenaris S.A., through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The com ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/21 21:53 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.