A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
TENARIS operates in the Oil & Gas Equipment & Services industry, Energy sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 12.5B | 12.5B | 14.9B | 11.8B | 6.5B | 5.1B |
| Net Income | 2.0B | 2.0B | 3.9B | 2.6B | 1.1B | -634M |
| EPS | $1.88 | $1.88 | $3.35 | - | - | - |
| Free Cash Flow | 2.9B | 2.9B | 4.4B | 1.2B | 119M | 1.5B |
| ROIC | 12.3% | 11.4% | 22.1% | 17.1% | 4.4% | -4.4% |
| Gross Margin | 35.0% | 35.0% | 41.7% | 39.7% | 29.3% | 20.6% |
| Debt/Equity | 0.00 | 0.03 | 0.03 | 0.05 | 0.06 | 0.10 |
| Dividends/Share | $0.70 | $0.70 | $0.56 | $0.17 | - | - |
| Operating Income | 2.4B | 2.4B | 4.3B | 3.0B | 708M | -663M |
| Operating Margin | 19.3% | 19.3% | 29.0% | 25.2% | 10.8% | -12.9% |
| ROE | 12.3% | 12.2% | 25.4% | 19.5% | 9.3% | -5.4% |
| Shares Outstanding | 1,084M | 1,084M | 1,168M | - | - | - |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 7.3B | 5.1B | 6.5B | 11.8B | 14.9B | 12.5B | 12.5B |
| Gross Margin | 30.0% | 20.6% | 29.3% | 39.7% | 41.7% | 35.0% | 35.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | -1.4B | -1.1B | -1.2B | -1.6B | -1.9B | -1.9B | -1.9B |
| EBIT | 832M | -663M | 708M | 3.0B | 4.3B | 2.4B | 2.4B |
| Op. Margin | 11.4% | -12.9% | 10.8% | 25.2% | 29.0% | 19.3% | 19.3% |
| Net Income | 743M | -634M | 1.1B | 2.6B | 3.9B | 2.0B | 2.0B |
| Net Margin | 10.2% | -12.3% | 16.9% | 21.7% | 26.4% | 16.3% | 16.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | 5.9% | -4.4% | 4.4% | 17.1% | 22.1% | 11.4% | 12.3% |
| ROE | 6.1% | -5.4% | 9.3% | 19.5% | 25.4% | 12.2% | 12.3% |
| ROA | N/A | -4.6% | 7.8% | 16.0% | 20.3% | 9.8% | 10.0% |
| Cash Flow | |||||||
| Op. Cash Flow | 1.5B | 1.5B | 119M | 1.2B | 4.4B | 2.9B | 2.9B |
| Free Cash Flow | 1.5B | 1.5B | 119M | 1.2B | 4.4B | 2.9B | 2.9B |
| Owner Earnings | 988M | 842M | -476M | 559M | 3.8B | 2.2B | 2.2B |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 540M | 679M | 595M | 608M | 549M | 633M | 633M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 540M | 679M | 595M | 608M | 549M | 633M | 633M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||
| Dividends Paid | 486M | 88M | 322M | 542M | 655M | 764M | 764M |
| Dividend Yield | N/A | N/A | N/A | N/A | 3.8% | 4.5% | 2.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 214M | 1.4B | 1.4B |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 7.3% | 5.2% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 1.2B | 897M | 1.1B | 1.1B | 1.9B | 2.0B | 2.0B |
| Balance Sheet | |||||||
| Net Debt | N/A | 519M | 466M | -364M | -1.1B | -238M | -675M |
| Cash & Equiv. | 1.6B | 585M | 318M | 1.1B | 1.6B | 675M | 675M |
| Long-Term Debt | N/A | N/A | N/A | N/A | 48M | 11M | 11M |
| Debt/Equity | N/A | 0.10 | 0.06 | 0.05 | 0.03 | 0.03 | 0.00 |
| Interest Coverage | 19.2 | -24.5 | 29.9 | 64.5 | 40.4 | 39.5 | 39.5 |
| Equity | 12.2B | 11.4B | 12.1B | 14.0B | 16.8B | 16.6B | 16.6B |
| Total Assets | N/A | 13.7B | 14.4B | 17.6B | 21.1B | 20.5B | 20.5B |
| Total Liabilities | N/A | 2.3B | 2.3B | 3.5B | 4.1B | 3.6B | 3.6B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | N/A | 3.1B | 3.4B | 5.7B | 7.6B | 6.6B | 6.6B |
| Current Assets | N/A | 4.3B | 5.0B | 8.5B | 10.5B | 9.2B | 9.2B |
| Current Liabilities | N/A | 1.2B | 1.6B | 2.8B | 2.9B | 2.6B | 2.6B |
| Per Share Data | |||||||
| EPS | N/A | N/A | N/A | N/A | 3.35 | 1.88 | 1.88 |
| Owner EPS | N/A | N/A | N/A | N/A | 3.29 | 2.06 | 2.06 |
| Book Value | N/A | N/A | N/A | N/A | 14.42 | 15.30 | 15.30 |
| Cash Flow/Share | N/A | N/A | N/A | N/A | 3.76 | 2.64 | 2.46 |
| Dividends/Share | N/A | N/A | N/A | 0.17 | 0.56 | 0.70 | 0.70 |
| Shares Out. | N/A | N/A | N/A | N/A | 1.2B | 1.1B | 1.1B |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 4.7 | 9.7 | 13.6 |
| P/FCF | N/A | N/A | N/A | N/A | 4.2 | 6.9 | 9.6 |
| EV/EBIT | N/A | N/A | 0.7 | -0.1 | 4.0 | 8.0 | 11.1 |
| Price/Book | N/A | N/A | N/A | N/A | 1.1 | 1.2 | 1.7 |
| Price/Sales | N/A | N/A | N/A | N/A | 1.2 | 1.6 | 2.2 |
| FCF Yield | N/A | N/A | N/A | N/A | 23.9% | 14.6% | 10.4% |
| Market Cap | 0 | 0 | 0 | 0 | 18.4B | 19.7B | 27.6B |
| Avg. Price | 10.85 | 6.29 | 8.82 | 13.61 | 14.70 | 15.60 | 25.46 |
| Year-End Price | 10.17 | 6.73 | 9.03 | 15.37 | 15.75 | 18.16 | 25.46 |
TENARIS passes 4 of 9 quality checks, suggesting mixed fundamentals.
TENARIS trades at 13.6x trailing earnings, compared to its 15-year median P/E of 7.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 9.6x vs a median of 5.5x. The company's 5-year average ROIC is 10.1% with a gross margin of 33.3%. Total shareholder yield (dividends + buybacks) is 8.0%. At current prices, the estimated annualized return to fair value is -4.0%.
TENARIS (TEN-MI) has a current P/E ratio of 13.6, compared to its historical median P/E of 7.2. The stock is currently considered Expensive based on its historical valuation range.
TENARIS (TEN-MI) has a 5-year average return on invested capital (ROIC) of 10.1%. This indicates solid capital allocation.
TENARIS (TEN-MI) has a market capitalization of $27.6B. It is classified as a large-cap stock.
Yes, TENARIS (TEN-MI) pays a dividend with a trailing twelve-month yield of 2.77%. The company also returns capital through share buybacks, with a buyback yield of 5.22%.
Based on historical P/E analysis, TENARIS (TEN-MI) appears expensive. The current P/E of 13.6 is 89% above its historical median of 7.2. The estimated fair value CAGR (P/E method) is -6.4%.
TENARIS (TEN-MI) operates in the Oil & Gas Equipment & Services industry, within the Energy sector.
TENARIS (TEN-MI) reported annual revenue of $12.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
TENARIS (TEN-MI) has a net profit margin of 16.3%. This is a healthy margin.
TENARIS (TEN-MI) generated $2.9 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TENARIS (TEN-MI) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
TENARIS (TEN-MI) reported earnings per share (EPS) of $1.88 in its most recent fiscal year.
TENARIS (TEN-MI) has a return on equity (ROE) of 12.2%. This indicates moderate shareholder returns.
TENARIS (TEN-MI) has a 5-year average gross margin of 33.3%. This indicates decent pricing power.
The Ledger Terminal provides 6 years of financial data for TENARIS (TEN-MI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TENARIS (TEN-MI) has a book value per share of $15.30, based on its most recent annual SEC filing.