TechnipFMC plc (FTI) vs Tenaris S.A. (TS)

TechnipFMC plc and Tenaris S.A. are both Oil & Gas Equipment & Services companies. Tenaris S.A. is the larger, with a market value of $30.7B against $26.8B — 1.1× the size. Tenaris S.A. trades at the lower P/E: 15.9× against 23.7×. TechnipFMC plc grew revenue faster over the last twelve months: 9.87% against 2.31%. Tenaris S.A. has the higher net margin (15.9% vs 11.3%) and the lower return on invested capital (9.46% vs 34.3%). Both pay a dividend; Tenaris S.A. yields more (0.98% vs 0.29%). Across the 22 metrics below, Tenaris S.A. leads on 14 and TechnipFMC plc on 8.

Valuation

Metric FTI TS Oil & Gas Equipment & Services median
P/E 23.71 15.88 22.50
P/S 2.64 2.49 1.17
P/B 8.40 1.74 1.82
Price to free cash flow 17.38 17.65 13.72
EV/EBITDA 13.98 9.63 8.68
EV/Sales 2.59 2.28 1.34
Earnings yield 4.22% 6.30% 3.94%
Free cash flow yield 5.75% 5.66% 5.66%

Profitability

Metric FTI TS Oil & Gas Equipment & Services median
Gross margin 22.97% 33.90% 23.26%
Operating margin 14.45% 18.51% 9.34%
Net margin 11.28% 15.88% 4.69%
Free cash flow margin 15.20% 14.11% 5.35%
Return on equity 35.76% 11.24% 4.92%
Return on assets 11.50% 9.39% 2.37%
Return on invested capital 34.31% 9.46% 4.32%

Growth

Metric FTI TS Oil & Gas Equipment & Services median
Revenue growth (TTM) 9.87% 2.31% 6.08%
EPS growth (last fiscal year) 20.42% 1.39% (13.00%)
Revenue growth, 5-year CAGR 8.75% 18.41% 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FTI TS Oil & Gas Equipment & Services median
Debt to equity 0.14 0.02 0.46
Current ratio 1.08 4.07 2.07
Net debt to EBITDA (0.31) (0.89) 0.75

Dividend

Metric FTI TS Oil & Gas Equipment & Services median
Dividend yield 0.29% 0.98% 1.51%
Payout ratio 0.07 0.16 0.38

Size

Metric FTI TS Oil & Gas Equipment & Services median
Market cap 26.76b 30.69b 1.63b

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