| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
TEN Stock Overview
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.
Tenaris Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €8.84 |
| 52 Week High | €11.02 |
| 52 Week Low | €6.07 |
| Beta | 1.97 |
| 1 Month Change | -8.15% |
| 3 Month Change | 2.53% |
| 1 Year Change | 31.89% |
| 3 Year Change | -16.78% |
| 5 Year Change | -43.14% |
| Change since IPO | 385.82% |
Recent News & Updates
Tenaris (BIT:TEN) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Tenaris S.A. ( BIT:TEN ) announced a healthy earnings result recently, and the market rewarded it with a strong stock...
Shareholder Returns
| TEN | IT Energy Services | IT Market | |
|---|---|---|---|
| 7D | -6.8% | -4.1% | -4.8% |
| 1Y | 31.9% | -18.8% | 14.2% |
Return vs Industry: TEN exceeded the Italian Energy Services industry which returned -13.1% over the past year.
Return vs Market: TEN exceeded the Italian Market which returned 19.6% over the past year.
Price Volatility
| TEN volatility | |
|---|---|
| TEN Average Weekly Movement | 5.2% |
| Energy Services Industry Average Movement | 6.6% |
| Market Average Movement | 4.2% |
| 10% most volatile stocks in IT Market | 7.1% |
| 10% least volatile stocks in IT Market | 2.7% |
Stable Share Price: TEN is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TEN's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 19,028 | Paolo Rocca | https://www.tenaris.com |
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 company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories. It also provides sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings, as well as sells energy and raw materials.
Tenaris Fundamentals Summary
| TEN fundamental statistics | |
|---|---|
| Market Cap | US$11.81b |
| Earnings (TTM) | US$836.71m |
| Revenue (TTM) | US$5.59b |
14.1x
P/E Ratio2.1x
P/S RatioIs TEN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TEN income statement (TTM) | |
|---|---|
| Revenue | US$5.59b |
| Cost of Revenue | US$4.04b |
| Gross Profit | US$1.56b |
| Expenses | US$718.53m |
| Earnings | US$836.71m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.71 |
| Gross Margin | 27.80% |
| Net Profit Margin | 14.95% |
| Debt/Equity Ratio | 4.3% |
How did TEN perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield38%
Payout RatioValuation
Is Tenaris undervalued compared to its fair value and its price relative to the market?
34.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TEN (€8.84) is trading below our estimate of fair value (€13.23)
Significantly Below Fair Value: TEN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TEN is poor value based on its PE Ratio (14.1x) compared to the European Energy Services industry average (8.1x).
PE vs Market: TEN is good value based on its PE Ratio (14.1x) compared to the Italian market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: TEN is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: TEN is overvalued based on its PB Ratio (1x) compared to the XE Energy Services industry average (0.8x).
Future Growth
How is Tenaris forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
5.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TEN's forecast earnings growth (5.2% per year) is above the savings rate (1.8%).
Earnings vs Market: TEN's earnings (5.2% per year) are forecast to grow slower than the Italian market (11.1% per year).
High Growth Earnings: TEN's earnings are forecast to grow, but not significantly.
Revenue vs Market: TEN's revenue (9.3% per year) is forecast to grow faster than the Italian market (-0.4% per year).
High Growth Revenue: TEN's revenue (9.3% 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 (6.1%).
Past Performance
How has Tenaris performed over the past 5 years?
-5.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TEN has high quality earnings.
Growing Profit Margin: TEN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TEN has become profitable over the past 5 years, growing earnings by -5.2% per year.
Accelerating Growth: TEN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TEN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (11.2%).
Return on Equity
High ROE: TEN's Return on Equity (6.9%) is considered low.
Financial Health
How is Tenaris's financial position?
Financial Position Analysis
Short Term Liabilities: TEN's short term assets ($4.9B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: TEN's short term assets ($4.9B) exceed its long term liabilities ($910.2M).
Debt to Equity History and Analysis
Debt Level: TEN has more cash than its total debt.
Reducing Debt: TEN's debt to equity ratio has reduced from 6.4% to 4.3% over the past 5 years.
Debt Coverage: TEN's debt is well covered by operating cash flow (41.4%).
Interest Coverage: TEN earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Tenaris's current dividend yield, its reliability and sustainability?
2.70%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TEN's dividend (2.7%) is higher than the bottom 25% of dividend payers in the Italian market (1.06%).
High Dividend: TEN's dividend (2.7%) is low compared to the top 25% of dividend payers in the Italian market (3.72%).
Stability and Growth of Payments
Stable Dividend: TEN's dividend payments have been volatile in the past 10 years.
Growing Dividend: TEN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.1%), TEN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TEN's dividends in 3 years are forecast to be well covered by earnings (41.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.1yrs
Average management tenure
CEO
Paolo Rocca (68 yo)
19.08yrs
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
Experienced Management: TEN's management team is seasoned and experienced (9.1 years average tenure).
Board Members
Experienced Board: TEN's board of directors are seasoned and experienced ( 16.8 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 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: €10.438b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/11/27 19:07 |
| End of Day Share Price | 2021/11/26 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.