Tenaris S.A. TS
- Market cap
- $30.0B
- P/E
- 14.8×
Follow TS
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18.53 | 25.91 | 20.45 | 19.90 | 8.86 | 14.88 | 21.25 | 24.69 | 27.24 | 30.06 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 36.18 | 37.21 | 40.64 | 30.32 | 23.54 | 25.54 | 35.75 | 38.00 | 40.73 | 41.76 |
High Price
|
|||
| 19,399 | 21,605 | 23,472 | 23,200 | 19,028 | 23,000 | 25,292 | 29,134 | 25,874 | 24,875 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
Revenue/Emp
|
|||
| 4,294 | 5,289 | 7,659 | 7,294 | 5,147 | 6,521 | 11,763 | 14,869 | 12,524 | 11,981 |
Revenue
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|||
| 26.27% | 30.32% | 31.07% | 29.98% | 20.58% | 29.28% | 39.74% | 41.70% | 35.04% | 34.39% |
Gross Margin
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|||
| 34 | 428 | 1,103 | 934 | (619) | 1,243 | 3,166 | 4,633 | 2,556 | 2,474 |
EBT
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| 0.80% | 8.09% | 14.40% | 12.80% | (12.03%) | 19.06% | 26.92% | 31.16% | 20.41% | 20.65% |
EBT Margin
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| 59 | 536 | 874 | 731 | (642) | 1,053 | 2,549 | 3,958 | 2,077 | 1,973 |
Net Income
|
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| 662 | 609 | 664 | 540 | 679 | 595 | 608 | 549 | 633 | 616 |
Depreciation
|
|||
| 7.27 | 8.96 | 12.97 | 12.36 | 8.72 | 11.05 | 19.93 | 25.23 | 22.22 | 22.69 |
Revenue/Sh
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|||
| 0.09 | 0.92 | 1.48 | 1.26 | (1.07) | 1.87 | 4.33 | 6.65 | 3.61 | 3.66 |
Earnings/Sh
|
|||
| 1.46 | (0.04) | 1.03 | 2.59 | 2.58 | 0.20 | 1.98 | 7.46 | 5.08 | 4.92 |
Cash Flow/Sh
|
|||
| (1.29) | (0.94) | (0.59) | (0.59) | (0.30) | (0.37) | (0.56) | (1.03) | (1.18) | (1.06) |
Capex/Sh
|
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| 0.17 | (0.97) | 0.44 | 2.00 | 2.27 | (0.17) | 1.42 | 6.43 | 3.90 | 3.87 |
Free CF/Sh
|
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| 19.34 | 19.62 | 20.12 | 20.65 | 19.39 | 20.51 | 23.78 | 28.89 | 29.83 | 31.88 |
Book Value/Sh
|
|||
| 590 | 590 | 590 | 590 | 590 | 590 | 590 | 589 | 564 | 528 |
Shares
|
|||
| 358.30 | 34.76 | 14.31 | 17.97 | 0.00 | 11.16 | 7.75 | 5.20 | 10.47 | 10.53 |
PE Ratio
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|||
| 4.93 | 3.61 | 1.64 | 1.83 | 1.83 | 1.89 | 1.68 | 1.37 | 1.70 | 1.69 |
PS Ratio
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| 1.85 | 1.65 | 1.06 | 1.10 | 0.82 | 1.02 | 1.41 | 1.19 | 1.27 | 1.21 |
PB Ratio
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| 4.65 | 3.50 | 1.59 | 1.70 | 1.66 | 1.83 | 1.61 | 1.16 | 1.49 | 1.48 |
EV/Sales
|
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| 198.97 | (32.22) | 46.68 | 10.51 | 6.39 | (122.03) | 22.65 | 4.57 | 8.49 | 8.69 |
EV/FCF
|
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| 864 | (22) | 611 | 1,528 | 1,520 | 119 | 1,167 | 4,395 | 2,866 | 2,600 |
Op' Cash Flow
|
|||
| (763) | (553) | (349) | (348) | (179) | (217) | (330) | (607) | (665) | (559) |
Capex
|
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| 100 | (575) | 261 | 1,180 | 1,341 | (98) | 837 | 3,789 | 2,201 | 2,041 |
FCF
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| 3,104 | 3,310 | 3,746 | 3,890 | 3,121 | 3,422 | 5,680 | 7,602 | 6,600 | 6,726 |
Working Cap'
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|||
| 840 | 966 | 539 | 822 | 619 | 331 | 729 | 583 | 437 | 306 |
Total Debt
|
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| (1,193) | (565) | (386) | (962) | (850) | (389) | (832) | (3,034) | (2,618) | (2,576) |
Net Debt
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| 11,413 | 11,581 | 11,875 | 12,186 | 11,446 | 12,106 | 14,034 | 17,030 | 16,814 | 16,829 |
Sh' Equity
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| 0.38% | 3.84% | 6.12% | 5.11% | (4.44%) | 7.81% | 15.96% | 20.28% | 9.81% | 9.54% |
ROA
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| (0.36%) | 1.90% | 4.74% | 4.64% | (3.91%) | 3.77% | 14.03% | 19.27% | 10.65% | 10.01% |
ROIC
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| 0.48% | 4.74% | 7.47% | 6.17% | (5.37%) | 9.34% | 19.54% | 25.23% | 12.03% | 11.49% |
ROE
|
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Tenaris S.A. peers in Oil & Gas Equipment & Services
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| FTI TechnipFMC plc | $27.8B | 24.2× | Compare |
| HAL Halliburton Company | $27.1B | 17.2× | Compare |
| BKR Baker Hughes Company | $56.7B | 18.4× | Compare |
| SLB SLB Limited | $76.3B | 24.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| NOV NOV Inc. | $7.1B | 76.4× | Compare |
| LB LandBridge Company LLC | $6.4B | 60.7× | Compare |
| WFRD Weatherford International PLC | $6.0B | 16.7× | Compare |
| SEI Solaris Energy Infrastructure, Inc. | $5.7B | 69.8× | Compare |
Tenaris S.A. (TS) key facts
- Tenaris S.A. (TS) is an Oil & Gas Equipment & Services company in the Energy sector, traded in the US as an ADR.
- Tenaris S.A.’s revenue for fiscal 2025 (year ended December 2025) was EUR 12.0 billion, down 4.33% from fiscal 2024.
- Net income was EUR 2.0 billion, or EUR 3.66 per share (basic), a net margin of 16.1%.
- As of September 25, 2026, TS traded at $55.47, a market capitalization of $30.0 billion.
- At that price the stock trades at 14.8× trailing-twelve-month earnings and 2.3× sales.
- Tenaris S.A. pays an annual dividend of $1.02 per share, a yield of 3.64%, with a payout ratio of 16.5%.
- Return on equity was 11.5% and debt-to-equity 0.02.
Tenaris S.A. (TS) Latest News
9 Sep
Tenaris (TEN) Q2 earnings release is imminent with preview details compiled for investors. Upcoming earnings can shift near-term expectations and trading activity.
2 Sep
Tenaris benefits from rising drilling demand but faces reduced sales due to Hormuz disruptions. Rising drilling demand supports sales while Hormuz issues create offsetting limits on growth.
9 Aug
Tenaris S.A. reported Q2 results during its earnings call, covering financial performance, operational metrics, and forward outlook for the steel pipe producer. Quarterly earnings data typically drive moderate short-term share price moves and sentiment without altering long-term company trajectory.
6 Aug
Tenaris SA delivered resilient Q2 2026 earnings amid Middle East challenges, per earnings call highlights. Resilient quarterly results amid regional pressures point to limited but noticeable effects on operations.
5 Aug
Tenaris (TS) Q2 earnings are compared against estimates with analysis of key metrics. Q2 earnings versus estimates can moderately shift investor sentiment and short-term stock performance for Tenaris.
Tenaris S.A. announced its second quarter 2026 financial results. Quarterly results release can moderately influence near-term stock price and sentiment.
30 Jun
Tenaris opens new service center in Suriname to support TotalEnergies’s GranMorgu offshore project. New service center expands Tenaris operational footprint and supports major project revenue potential.
22 May
Tenaris announces $306 million CAD investment to strengthen its Sault Ste. Marie industrial centre backed by federal and provincial governments. Major capital investment strengthens core steel operations and secures government support likely to improve efficiency and market position.
Minister Joly announces $76.2 million federal investment in Tenaris project to modernize and diversify steel production. Major federal funding enables core production upgrades that strengthen operational capacity and long-term competitiveness.
Minister Joly to announce Strategic Response Fund investment advancing Tenaris steel production capabilities. Government funding directly expands Tenaris production capacity and competitive edge.
Tenaris invests in Sault Ste. Marie steel operations, earning steelworker approval as positive for jobs and the local community. Tenaris steel investment expands Canadian operations with direct local backing.
15 May
Tenaris and Green Therma partnered to advance next-generation geothermal solutions in Europe. Partnership enables entry into geothermal energy market, moderately enhancing diversification and innovation potential.
11 May
Tenaris S.A. strikes Artrom deal to expand into industrial pipes, testing its valuation premium amid strategic growth. Artrom deal marks major strategic expansion into industrial pipes, likely boosting growth but pressuring premium valuation.
8 May
Tenaris S.A. announces agreement to acquire Artrom Steel Tubes S.A.'s seamless pipe manufacturing plant in Romania, expanding its production capacity in Europe. Acquisition of a seamless pipe plant bolsters Tenaris's European manufacturing capacity and strategic positioning in core operations.
6 May
Tenaris S.A. announces CEO succession. CEO succession represents a major leadership change with potential to alter strategic direction and market perception.
Tenaris S.A. announced first quarter 2026 results. Quarterly earnings announcements significantly affect Tenaris's financial performance and market valuation.
Tenaris S.A. (TS) Q1 earnings feature key metrics compared against analyst estimates. Q1 earnings metrics versus estimates moderately influence financial performance and investor sentiment.
5 May
Flowco's acquisition of Valiant signals strong future growth potential for Tenaris S.A. (TS) by expanding capabilities in key oilfield services and enhancing competitive positioning in high-demand markets. Flowco's Valiant acquisition represents a major strategic move bolstering Tenaris's growth and market performance.
21 Apr
Canadian International Trade Tribunal imposes tariffs on dumped foreign steel pipe sold by Tenaris S.A. and other offshore exporters. Tariffs on Tenaris's dumped steel exports to Canada will significantly raise costs, curb sales, and erode competitive position in a key market.
4 Apr
Rising oil prices boost earnings expectations for Tenaris S.A. (BIT:TEN), prompting a valuation review amid positive market sentiment. Rising oil prices directly lift earnings expectations for Tenaris, an oilfield pipe maker, signaling significant positive impact on valuation and performance.
27 Feb
Tenaris (TS) achieves $2B in free cash flow despite geopolitical tensions and tariff headwinds. $2B free cash flow amid headwinds highlights Tenaris's financial strength and resilience, significantly boosting future performance and investor confidence.
23 Feb
Tenaris S.A. released highlights from its Q4 earnings call, covering financial performance, operational updates, and forward guidance. Q4 earnings call highlights disclose financial results, strategic updates, and outlook that significantly shape investor sentiment and stock trajectory.
Tenaris terminates the second tranche of its USD 1.2 billion share buyback program. Terminating a major share buyback tranche influences capital allocation and investor sentiment on financial strategy.
19 Feb
Tenaris SA (TS) showcased resilient Q4 2025 performance in earnings call highlights, navigating geopolitical challenges effectively. Q4 2025 earnings highlights reveal resilient performance despite geopolitical headwinds, likely boosting investor confidence and influencing future market trajectory.
18 Feb
Tenaris (TS) reported Q4 earnings, with key metrics indicating financial performance and outlook. Q4 earnings reports reveal financial health and metrics that significantly influence stock trajectory and investor sentiment.
Tenaris S.A. announced its 2025 fourth quarter and full-year financial results. Quarterly and annual earnings announcements typically drive significant stock price movements and shape investor expectations for future performance.
Analysts assess Tenaris S.A. (BIT:TEN) valuation amid growing attention to its Q4 2025 earnings outlook. Heightened focus on Q4 2025 earnings outlook may moderately influence Tenaris's financial expectations and investor sentiment.
12 Feb
Tenaris S.A. (TS) is set to release its Q4 outlook, with Wall Street analysts estimating key financial metrics. Expectations include insights into revenue growth, earnings per share, and market demand for the company's products. Analysts are closely monitoring these figures to gauge the company's performance in the oil and gas sector, which is influenced by fluctuating energy prices and global economic conditions. The upcoming Q4 outlook is expected to moderately influence Tenaris's financial performance and market sentiment.
9 Feb
Tenaris S.A. is highlighted as a notable European dividend stock for February 2026, reflecting its strong financial performance and commitment to returning value to shareholders. The company is recognized for its robust dividend yield and potential for growth in the energy sector, particularly in oil and gas. Investors are encouraged to consider Tenaris as part of a diversified dividend portfolio, given its stable earnings and strategic positioning in the market. Tenaris's strong dividend yield and financial performance may moderately influence investor sentiment and market positioning.
1 Feb
Tenaris S.A. is facing potential strategic decisions regarding its Sakarya Phase 3 project and the Bay City upgrade. Investors are urged to consider the implications of these developments on the company's future operations and market positioning, as they may influence financial performance and investor sentiment. The outcomes of the Sakarya Phase 3 and Bay City upgrade could significantly impact Tenaris's strategic direction and market dynamics.