Tenaris S.A. (TS) vs Cactus, Inc. (WHD)

Tenaris S.A. and Cactus, Inc. are both Oil & Gas Equipment & Services companies. Tenaris S.A. is the larger, with a market value of $28.5B against $4.4B — 6.5× the size. Tenaris S.A. trades at the lower P/E: 15.1× against 37.6×. Cactus, Inc. grew revenue faster over the last twelve months: 40.4% against 2.31%. Tenaris S.A. has the higher net margin (15.9% vs 6.69%) and the lower return on invested capital (9.46% vs 15.1%). Both pay a dividend; Cactus, Inc. yields more (1.03% vs 1.02%). Across the 23 metrics below, Cactus, Inc. leads on 12 and Tenaris S.A. on 11.

Valuation

Metric TS WHD Oil & Gas Equipment & Services median
P/E 15.14 37.56 20.53
P/S 2.37 2.52 1.08
P/B 1.66 2.52 1.64
Price to free cash flow 16.83 13.85 12.36
EV/EBITDA 9.14 8.74 8.00
EV/Sales 2.17 2.31 1.29
Earnings yield 6.61% 2.66% 3.88%
Free cash flow yield 5.94% 7.22% 5.18%

Profitability

Metric TS WHD Oil & Gas Equipment & Services median
Gross margin 33.90% 33.51% 22.88%
Operating margin 18.51% 18.76% 7.44%
Net margin 15.88% 6.69% 4.12%
Free cash flow margin 14.11% 18.21% 3.10%
Return on equity 11.24% 7.00% 5.46%
Return on assets 9.39% 4.61% 2.63%
Return on invested capital 9.46% 15.12% 4.26%

Growth

Metric TS WHD Oil & Gas Equipment & Services median
Revenue growth (TTM) 2.31% 40.37% 4.65%
EPS growth (last fiscal year) 1.39% (13.00%) (13.00%)
Revenue growth, 5-year CAGR 18.41% 25.36% 12.57%
Net income growth, 5-year CAGR 0.00% 36.96% 0.00%

Health

Metric TS WHD Oil & Gas Equipment & Services median
Debt to equity 0.02 0.01 0.44
Current ratio 4.07 3.06 2.04
Net debt to EBITDA (0.89) (1.54) 1.12

Dividend

Metric TS WHD Oil & Gas Equipment & Services median
Dividend yield 1.02% 1.03% 1.49%
Payout ratio 0.16 0.40 0.36

Size

Metric TS WHD Oil & Gas Equipment & Services median
Market cap 28.54b 4.42b 1.44b

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