TS Stock Analysis: Tenaris | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 28.765m USD | 12M Return: 53.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 57.2M
EPS Trend: -87.4%
Qual. Beats: 1
Rev. Trend: -93.3%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tenaris S.A. is a Luxembourg-based manufacturer of seamless and welded steel pipe products serving the global energy industry, with operations across North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Its core oil and gas offerings include casing, tubing, and line pipe for upstream and midstream operations, along with premium connections marketed under the TenarisHydril brand for high-pressure and high-temperature environments.
Beyond oil and gas, the company supplies cold-drawn tubes for boilers, heat exchangers, and automotive applications, as well as coiled tubing, sucker rods, pipe coatings, and hydraulic fracturing services. It also engages in intellectual property licensing, raw materials procurement and trading, and financial operations. As an Oil & Gas Equipment & Services provider, Tenariss revenue is closely tied to global drilling activity and exploration and production capital spending, and it operates as a subsidiary of Techint Holdings S.àr.l., part of the Techint industrial group.
- North American shale drilling rebound lifts OCTG sales and pricing
- Argentina Vaca Muerta unconventional gas drives regional pipe demand
- Middle East energy projects boost seamless pipe order backlog
| Net Income: 1.97b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.94 > 1.0 |
| NWC/Revenue: 59.91% < 20% (prev 58.49%; Δ 1.41% < -1%) |
| CFO/TA 0.12 > 3% & CFO 2.45b > Net Income 1.97b |
| Net Debt (-2.80b) to EBITDA (3.07b): -0.91 < 3 |
| Current Ratio: 4.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (519.8m) vs 12m ago -3.47% < -2% |
| Gross Margin: 34.29% > 18% (prev 34.01%; Δ 0.28% > 0.5%) |
| Asset Turnover: 59.11% > 50% (prev 58.22%; Δ 0.89% > 0%) |
| Interest Coverage Ratio: 55.11 > 6 (EBIT TTM 2.59b / Interest Expense TTM 47.0m) |
| A: 0.36 (Total Current Assets 9.60b - Total Current Liabilities 2.32b) / Total Assets 20.5b |
| B: 0.90 (Retained Earnings 18.4b / Total Assets 20.5b) |
| C: 0.13 (EBIT TTM 2.59b / Avg Total Assets 20.6b) |
| D: 5.40 (Book Value of Equity 17.1b / Total Liabilities 3.17b) |
| Altman-Z'' = 11.77 = AAA |
| DSRI: 1.04 (Receivables 2.38b/2.25b, Revenue 12.2b/12.0b) |
| GMI: 0.99 (GM 34.01% / 34.29%) |
| AQI: 0.93 (AQ_t 0.22 / AQ_t-1 0.24) |
| SGI: 1.01 (Revenue 12.2b / 12.0b) |
| TATA: -0.02 (NI 1.97b - CFO 2.45b) / TA 20.5b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at USD 56.41 with a total of 919,761 shares traded. Over the past week, the price has changed by +0.57%, over one month by +0.77%, over three months by -8.96% and over the past year by +53.50%.
Current recommended Stop Loss: 53.50 (which is 5.2% or 2.2 ATR below the current price).
Tenaris has received a consensus analysts rating of 3.82. Therefore, it is recommended to buy TS.
- StrongBuy: 4
- Buy: 4
- Hold: 1
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 64.3 | 14% |
P/E Trailing = 15.1763
P/E Forward = 15.7729
P/S = 2.4512
P/B = 1.6939
P/EG = 3.1501
Revenue TTM = 12.2b USD
EBIT TTM = 2.59b USD
EBITDA TTM = 3.07b USD
Long Term Debt = 360k USD (from longTermDebt, last quarter)
Short Term Debt = 379.5m USD (from shortTermDebt, last quarter)
Debt = 615.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 142.1m
Net Debt = -2.80b USD (calculated: Debt 615.6m - CCE 3.42b)
Enterprise Value = 26.0b USD (28.8b + Debt 615.6m - CCE 3.42b)
Interest Coverage Ratio = 55.11 (Ebit TTM 2.59b / Interest Expense TTM 47.0m)
EV/FCF = 13.79x (Enterprise Value 26.0b / FCF TTM 1.88b)
FCF Yield = 7.25% (FCF TTM 1.88b / Enterprise Value 26.0b)
FCF Margin = 15.49% (FCF TTM 1.88b / Revenue TTM 12.2b)
Net Margin = 16.18% (Net Income TTM 1.97b / Revenue TTM 12.2b)
Gross Margin = 34.29% ((Revenue TTM 12.2b - Cost of Revenue TTM 7.99b) / Revenue TTM)
Gross Margin QoQ = 33.87% (prev 33.89%)
Tobins Q-Ratio = 1.27 (Enterprise Value 26.0b / Total Assets 20.5b)
Interest Expense / Debt = 7.63% (Interest Expense 47.0m / Debt 615.6m)
Taxrate = 20.56% (523.1m / 2.54b)
NOPAT = 2.06b (EBIT 2.59b * (1 - 20.56%))
Current Ratio = 4.15 (Total Current Assets 9.60b / Total Current Liabilities 2.32b)
Debt / Equity = 0.04 (Debt 615.6m / totalStockholderEquity, last quarter 17.1b)
Debt / EBITDA = -0.91 (Net Debt -2.80b / EBITDA 3.07b)
Debt / FCF = -1.49 (Net Debt -2.80b / FCF TTM 1.88b)
Total Stockholder Equity = 16.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.56% (Net Income 1.97b / Total Assets 20.5b)
RoE = 11.69% (Net Income TTM 1.97b / Total Stockholder Equity 16.8b)
RoCE = 15.38% (EBIT 2.59b / Capital Employed (Equity 16.8b + L.T.Debt 360k))
RoIC = 11.44% (NOPAT 2.06b / Invested Capital 18.0b)
WACC = 8.85% (E(28.8b)/V(29.4b) * Re(8.91%) + D(615.6m)/V(29.4b) * Rd(7.63%) * (1-Tc(0.21)))
Discount Rate = 8.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -18.88 | Cagr: -5.34%
[DCF] Terminal Value 72.19% ; FCFF base≈1.96b ; Y1≈1.81b ; Y5≈1.62b
[DCF] Fair Price = 52.45 (EV 23.7b - Net Debt -2.80b = Equity 26.5b / Shares 504.8m; r=8.85% [WACC]; 5y FCF grow -9.72% → 2.50% )
EPS Correlation: -87.43 | EPS CAGR: -23.23% | SUE: 1.01 | # QB: 1
Revenue Correlation: -93.31 | Revenue CAGR: -9.53% | SUE: 3.23 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.82 | Chg30d=+0.22% | Revisions=-12% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.92 | Chg30d=+0.74% | Revisions=+12% | Analysts=7
EPS current Year (2026-12-31): EPS=3.84 | Chg30d=+0.21% | Revisions=+38% | GrowthEPS=+4.9% | GrowthRev=+2.6%
EPS next Year (2027-12-31): EPS=4.07 | Chg30d=-0.61% | Revisions=+38% | GrowthEPS=+5.9% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +26% (up=13, down=7)