Tenaris Valuation
Is TS * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of TS * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TS * (MX$299.5) is trading above our estimate of fair value (MX$267.05)
Significantly Below Fair Value: TS * is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TS *?
Other financial metrics that can be useful for relative valuation.
What is TS *'s n/a Ratio? | |
---|---|
n/a | 0x |
n/a | n/a |
Market Cap | US$16.87b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 1x |
Enterprise Value/EBITDA | 3.3x |
PEG Ratio | -0.3x |
Price to Earnings Ratio vs Peers
How does TS *'s PE Ratio compare to its peers?
Company | Forward PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 26.4x | ||
VISTA A Vista Energy. de | 12.7x | 21.3% | Mex$79.5b |
HAL Halliburton | 11.5x | 9.4% | US$30.1b |
FTI TechnipFMC | 61.7x | 28.8% | US$11.1b |
WFRD Weatherford International | 19.7x | 11.3% | US$8.8b |
TS * Tenaris | 4.8x | -15.8% | Mex$15.8b |
Price-To-Earnings vs Peers: TS * is good value based on its Price-To-Earnings Ratio (4.8x) compared to the peer average (26.5x).
Price to Earnings Ratio vs Industry
How does TS *'s PE Ratio compare vs other companies in the Global Energy Services Industry?
Price-To-Earnings vs Industry: TS * is good value based on its Price-To-Earnings Ratio (4.8x) compared to the Global Energy Services industry average (13.5x).
Price to Earnings Ratio vs Fair Ratio
What is TS *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 4.8x |
Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TS *'s Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
---|---|---|---|---|---|---|---|
Current | Mex$299.50 | Mex$371.89 +24.2% | 11.3% | Mex$436.43 | Mex$304.04 | n/a | 11 |
Jun ’25 | Mex$300.00 | Mex$344.10 +14.7% | 10.3% | Mex$399.45 | Mex$278.28 | n/a | 11 |
May ’25 | n/a | Mex$346.60 0% | 10.8% | Mex$409.43 | Mex$285.24 | n/a | 11 |
Apr ’25 | n/a | Mex$350.62 0% | 11.5% | Mex$409.26 | Mex$284.71 | n/a | 11 |
Mar ’25 | Mex$300.00 | Mex$355.93 +18.6% | 11.4% | Mex$415.54 | Mex$289.08 | n/a | 11 |
Feb ’25 | n/a | Mex$350.53 0% | 13.7% | Mex$415.90 | Mex$259.49 | n/a | 11 |
Jan ’25 | Mex$292.29 | Mex$350.16 +19.8% | 12.7% | Mex$415.62 | Mex$258.54 | n/a | 11 |
Dec ’24 | Mex$301.30 | Mex$350.16 +16.2% | 12.7% | Mex$415.62 | Mex$258.54 | n/a | 11 |
Nov ’24 | n/a | Mex$354.15 0% | 13.4% | Mex$429.06 | Mex$275.27 | n/a | 11 |
Oct ’24 | n/a | Mex$345.75 0% | 13.8% | Mex$412.97 | Mex$264.94 | n/a | 11 |
Sep ’24 | n/a | Mex$345.75 0% | 13.8% | Mex$412.97 | Mex$264.94 | n/a | 11 |
Aug ’24 | n/a | Mex$344.02 0% | 13.5% | Mex$400.79 | Mex$260.52 | n/a | 11 |
Jul ’24 | n/a | Mex$348.10 0% | 13.9% | Mex$406.75 | Mex$264.40 | n/a | 10 |
Jun ’24 | n/a | Mex$362.07 0% | 14.5% | Mex$423.47 | Mex$275.27 | Mex$300.00 | 9 |
May ’24 | n/a | Mex$358.21 0% | 18.3% | Mex$439.64 | Mex$267.34 | n/a | 9 |
Apr ’24 | n/a | Mex$385.22 0% | 16.8% | Mex$449.90 | Mex$272.76 | n/a | 9 |
Mar ’24 | n/a | Mex$385.11 0% | 16.8% | Mex$450.67 | Mex$273.23 | Mex$300.00 | 9 |
Feb ’24 | n/a | Mex$362.35 0% | 18.0% | Mex$467.64 | Mex$244.28 | n/a | 9 |
Jan ’24 | n/a | Mex$377.57 0% | 17.7% | Mex$464.71 | Mex$253.87 | Mex$292.29 | 10 |
Dec ’23 | n/a | Mex$368.10 0% | 17.5% | Mex$455.73 | Mex$248.97 | Mex$301.30 | 10 |
Nov ’23 | n/a | Mex$336.64 0% | 18.9% | Mex$422.79 | Mex$220.31 | n/a | 10 |
Oct ’23 | n/a | Mex$325.47 0% | 20.3% | Mex$410.94 | Mex$223.88 | n/a | 12 |
Sep ’23 | n/a | Mex$325.96 0% | 20.4% | Mex$410.67 | Mex$223.73 | n/a | 12 |
Aug ’23 | n/a | Mex$331.65 0% | 22.5% | Mex$429.24 | Mex$184.57 | n/a | 12 |
Jul ’23 | n/a | Mex$326.63 0% | 21.6% | Mex$424.20 | Mex$188.92 | n/a | 12 |
Jun ’23 | n/a | Mex$321.08 0% | 21.4% | Mex$414.65 | Mex$184.67 | n/a | 12 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.