TS
Tenaris SA
$56.67
▲ 1.0%Updated Today 3:42 PM ET
TS at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 60/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 40.5% over the last 12 months
Market Cap
$25.38B
P/E
15.36x
Forward P/E (est.)
13.29x
ROE
11.7%
Revenue Growth
1.3%
EPS Growth
15.6%
Profit Margin
16.2%
FCF Yield
6.0%
Debt / Equity
0.03x
ROIC
11.0%
Interest Coverage
48.65x
Current Ratio
3.87x
Dividend Yield
3.3%
Implied Growth (rev. DCF)
1.1%
Rating Score
60/100
Tenaris SA (TS) is a large-cap company in the Energy industry, part of the Energy sector of the S&P 500, with a market value around $25.38B.
In its latest reported year it generated about $11.98B in revenue and $1.93B in net profit.
Our model rates TS Favorable (60/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
37.0% average over the last 3 years
±5.9 pts around 31.8% across 10 years
grew in 5 of the last 9 year-over-year periods
positive in 8 of 10 years
11.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what TS's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. TS trades near $56.67, around its 50-day average ($60.77) and 200-day average ($48.75). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 14 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. TS's is $1.44 (~2.5% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month TS found buyers near $53.50 (support) and sellers near $64.12 (resistance); its 52-week range is $33.65–$64.60. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.4× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
16.4%
Revenue moved from $4.29B in 2016 to $11.98B in 2025, a 12.1% compound annual growth rate. The most recent year was roughly flat (1.3%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
34.4%
Operating Margin
19.1%
Net Margin
16.1%
ROE
11.7%
Tenaris SA keeps about 16.2% of each sales dollar as net profit, with a 34.4% gross margin and 19.1% operating margin. Return on equity is 11.7% and return on invested capital about 11.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$368.00K
Net Debt
-$572.28M
Net cash position
Net Debt / EBITDA
-0.25x
Debt / Equity
0.03x
Leverage: debt-to-equity is 0.0x, and operating profit covers interest about 48.6x, with a current ratio of 3.9x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $368.00K of total debt against $572.65M of cash.
Operating CF
$2.60B
Free Cash Flow
$1.98B
FCF Margin
16.5%
In the latest year Tenaris SA produced about $2.60B of operating cash flow and $1.98B of free cash flow after capital spending. That is a free-cash-flow yield of about 6.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
3.3%
Total paid (latest FY)
$900.36M
History on record
10 years
dividend uses 45% of free cash flow
47% of net income paid out
total dividends increased 5 years in a row
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
15.36x
P/S
2.42x
P/B
1.27x
EV / EBITDA
8.76x
TS trades at 15.4x trailing earnings (about 13.3x on estimated forward earnings), 2.4x sales, and 1.3x book value. Reverse-engineering today's price implies the market expects roughly 1.1% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$27.22
Current price
$56.67
Starting FCF (latest 10-K)
$1.98B
Growth, years 1–5
1.3%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where TS sits versus its Energy sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 47 Energy companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How TS stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
In the Energy sector (57 S&P 500 companies), TS ranks #15 of 57 by our overall rating. It trades at a discount versus the sector on earnings (15.4x P/E vs. 19.3x median) with a lower return on equity (11.7% vs. 13.3%) and faster revenue growth (1.3% vs. 0.7%).
P/E vs sector
15.4x
median 19.3x
ROE vs sector
11.7%
median 13.3%
Growth vs sector
1.3%
median 0.7%
Sector rank
#15
of 57 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size. Sector median is across all 57 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $56.67 today · expected CAGR -5% – 6%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $12.34B | $12.71B | $13.09B | $13.48B | $13.89B |
| Net income | $1.97B | $2.03B | $2.09B | $2.16B | $2.22B |
| EPS | $4.41 | $4.54 | $4.68 | $4.82 | $4.96 |
| Share price (low) | $39.67 | $40.86 | $42.09 | $43.35 | $44.65 |
| Share price (high) | $66.12 | $68.10 | $70.15 | $72.25 | $74.42 |
| CAGR (low–high) | -30% / 17% | -15% / 10% | -9% / 7% | -6% / 6% | -5% / 6% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for TS:
- High net margins (16.2%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~6.0%) funds buybacks and dividends.
- A conservative balance sheet (debt/equity 0.0x) lowers risk.
- Pays a 3.3% dividend on top of any price gains.
- Our model's overall read is Favorable (60/100).
The case against TS:
- Revenue growth is slow (1.3%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Growth risk — sluggish revenue (1.3%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Tenaris SA is a large-cap energy business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 15.4x earnings, which our model scores Favorable (60/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 20 Wall Street analysts covering TS recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
TS's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
TS — frequently asked questions
Is TS a good stock to buy?
We don't give buy or sell advice. Our model rates Tenaris SA Favorable (60/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is TS's rating on The Stocks School?
Tenaris SA currently scores 60/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does TS's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Tenaris SA's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for TS calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this TS analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell TS. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.