SLB Limited (SLB) vs Tenaris S.A. (TS)

SLB Limited and Tenaris S.A. are both Oil & Gas Equipment & Services companies. SLB Limited is the larger, with a market value of $76.3B against $30.0B — 2.5× the size. Tenaris S.A. trades at the lower P/E: 14.8× against 24.8×. SLB Limited grew revenue faster over the last twelve months: 2.50% against 2.31%. Tenaris S.A. has the higher net margin (15.9% vs 8.53%) and the higher return on invested capital (9.46% vs 8.18%). Both pay a dividend; Tenaris S.A. yields more (3.64% vs 2.28%). Across the 22 metrics below, Tenaris S.A. leads on 19 and SLB Limited on 3.

Valuation

Metric SLB TS Oil & Gas Equipment & Services median
P/E 24.78 14.83 24.78
P/S 2.11 2.33 1.28
P/B 2.82 1.63 1.85
Price to free cash flow 17.02 16.49 15.03
EV/EBITDA 11.56 8.93 8.93
EV/Sales 2.36 2.12 1.40
Earnings yield 4.04% 6.74% 3.12%
Free cash flow yield 5.88% 6.07% 5.01%

Profitability

Metric SLB TS Oil & Gas Equipment & Services median
Gross margin 16.54% 33.90% 23.27%
Operating margin 12.35% 18.51% 9.34%
Net margin 8.53% 15.88% 4.69%
Free cash flow margin 12.41% 14.11% 5.05%
Return on equity 12.71% 11.24% 4.92%
Return on assets 5.95% 9.39% 2.37%
Return on invested capital 8.18% 9.46% 4.32%

Growth

Metric SLB TS Oil & Gas Equipment & Services median
Revenue growth (TTM) 2.50% 2.31% 6.08%
EPS growth (last fiscal year) (24.44%) 1.39% —
Revenue growth, 5-year CAGR 8.63% 18.41% 10.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SLB TS Oil & Gas Equipment & Services median
Debt to equity 0.41 0.02 0.46
Current ratio 1.44 4.07 2.11
Net debt to EBITDA 0.74 (0.89) 0.76

Dividend

Metric SLB TS Oil & Gas Equipment & Services median
Dividend yield 2.28% 3.64% 2.12%
Payout ratio 0.31 0.16 0.00

Size

Metric SLB TS Oil & Gas Equipment & Services median
Market cap 76.33b 29.95b 1.81b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack