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Tenaris S.A. (TEN.MI)

EUR24.59 +0.09 (+0.37%)
LU MIL Energy Oil & Gas Equipment & Services
Address 26, Boulevard Royal 2449
Luxembourg, LU, LU
CEO Paolo Rocca
Website tenaris.com
IPO 2002-12-17
ISIN LU2598331598

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Also trades on Italian Stock Exchange · TEN.MI (EUR) Italian Stock Exchange · TENR.MI (EUR) New York Stock Exchange · TS (USD) Other OTC · TNRSF (USD)
Description

Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. It provides steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude oil and natural gas to the surface after drilling has been completed; steel line pipes to transport crude oil and natural gas from wells to refineries, storage tanks, and loading and distribution centers; and mechanical and structural pipes for the transportation of other forms of gas and liquids under high pressure. The company also offers cold-drawn pipes for use in boilers, superheaters, condensers, heat exchangers, automobile production, and other industrial applications; premium joints and couplings for use in high temperature or high pressure environments under the TenarisHydril brand name; coiled tubing is used for oil and gas drilling and well workovers and for subsea pipelines; sucker rods used in oil extraction activities, tubes used for plumbing and construction applications, and oilfield / hydraulic fracturing services; pipe coating services; and automotive components. In addition, it engages in the sale of energy and raw materials; development, management, and licensing of intellectual property; procurement and trading services; and financial operations, as well as markets steel products. Further, the company manufactures and markets connections; and welded and seamless steel pipes. Tenaris S.A. was incorporated in 2001 and is based in Luxembourg, Luxembourg. Tenaris S.A. operates as a subsidiary of Techint Holdings S.àr.l.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR24.59 +0.09 (+0.37%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.47
Float Shares
316.69M
Free Float %
31.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.08% +1.38% +3.93% +33.50% +48.65% +60.75% +69.72% +115.82% +167.81% +132.51% +1,353.85%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (22 ratings, all time) Buy
Price Targets & DCF
Current price
24.59
DCF (Unlevered) 44.59 +81.3%
DCF (Levered) 80.04 +225.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 40% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 4 0
Hold 9 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
8.50
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A+
Overall Score
5 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Oil & Gas Equipment & Services: +6.7%
    -0.4% Q1'26: +4.4% (vs Q1'25)
  • ✓
    EPS growth Oil & Gas Equipment & Services: +14.3%
    +5.0% Q1'26: +12.8% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%
    +15.0% Q1'26: +16.2% (vs Q1'25)
  • ✗
    EBIT margin Oil & Gas Equipment & Services: +10.9%
    +19.1% ★ Q1'26: +18.8% (vs Q1'25)
  • ✗
    ROIC Oil & Gas Equipment & Services: +6.7%
    +13.1% ★ Q1'26: +13.5% (vs Q1'25)
  • ✓
    Share dilution Oil & Gas Equipment & Services: +0.3%
    -6.1% ★ Q1'26: -7.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×
    0.18× ★ Q1'26: 0.16× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.49) × ERP
WACC = 98% × Ke + 2% × Kd (9.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 44.27 Current price: 24.59
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
11 Rev. Ana.
11 EPS Ana. 		Dec 2027
19 Rev. Ana.
15 EPS Ana. 		Dec 2028
8 Rev. Ana.
7 EPS Ana. 		Dec 2029
10 Rev. Ana.
10 EPS Ana. 		Dec 2030
16 Rev. Ana.
6 EPS Ana.
Revenue
7.10B
est: 6.65B (+6.8%)
4.29B
est: 4.26B (+0.8%)
5.29B
est: 4.30B (+23.1%)
7.66B
est: 6.68B (+14.7%)
7.29B
est: 6.63B (+10.0%)
5.15B
est: 4.19B (+22.8%)
6.52B
est: 5.67B (+15.1%)
11.76B
est: 11.01B (+6.9%)
14.87B
est: 13.49B (+10.2%)
12.52B
est: 12.29B (+1.9%)
12.47B
est: 12.02B (+3.7%)
11.84B
11.70B – 12.02B
-1.5% YoY
12.31B
11.57B – 12.94B
+4.0% YoY
12.66B
12.21B – 13.08B
+2.8% YoY
12.33B
11.88B – 12.74B
-2.7% YoY
12.74B
12.28B – 13.16B
+3.3% YoY
EBITDA
822.67M
est: 1.64B (-49.9%)
719.17M
est: 1.05B (-31.6%)
943.23M
est: 1.06B (-11.1%)
1.80B
est: 1.65B (+9.4%)
1.52B
est: 1.64B (-7.4%)
86.55M
est: 1.04B (-91.6%)
1.86B
est: 1.40B (+33.0%)
3.82B
est: 2.72B (+40.5%)
5.29B
est: 3.33B (+58.8%)
3.16B
est: 3.59B (-12.0%)
3.03B
est: 3.51B (-13.8%)
3.46B
3.42B – 3.51B
-1.5% YoY
3.60B
3.38B – 3.78B
+4.0% YoY
3.70B
3.57B – 3.82B
+2.8% YoY
3.60B
3.47B – 3.72B
-2.7% YoY
3.72B
3.59B – 3.84B
+3.3% YoY
EBIT
163.89M
est: 1.16B (-85.9%)
56.76M
est: 743.28M (-92.4%)
454.78M
est: 749.74M (-39.3%)
1.14B
est: 1.17B (-2.2%)
977.09M
est: 1.16B (-15.6%)
-592.25M
est: 731.73M (-180.9%)
1.27B
est: 989.09M (+28.0%)
3.21B
est: 1.92B (+67.2%)
4.74B
est: 2.35B (+101.4%)
2.53B
est: 2.90B (-12.8%)
2.39B
est: 2.83B (-15.8%)
2.79B
2.76B – 2.83B
-1.5% YoY
2.90B
2.73B – 3.05B
+4.0% YoY
2.99B
2.88B – 3.08B
+2.8% YoY
2.91B
2.80B – 3.00B
-2.7% YoY
3.00B
2.90B – 3.10B
+3.3% YoY
Net Income
-80.16M
est: 480.98M (-116.7%)
55.30M
est: 55.55M (-0.5%)
544.74M
est: 355.93M (+53.0%)
876.06M
est: 891.34M (-1.7%)
742.69M
est: 743.41M (-0.1%)
-642.42M
est: -34.38M (-1,768.3%)
1.10B
est: 907.21M (+21.3%)
2.55B
est: 2.48B (+2.9%)
3.92B
est: 3.31B (+18.4%)
2.04B
est: 1.84B (+10.7%)
2.01B
est: 1.89B (+6.2%)
1.88B
1.78B – 2.02B
-0.8% YoY
2.03B
1.81B – 2.40B
+8.2% YoY
2.17B
2.07B – 2.26B
+6.6% YoY
2.36B
2.25B – 2.46B
+8.7% YoY
2.26B
2.15B – 2.36B
-4.0% YoY
SGA
1.15B
est: 915.34M (+25.7%)
852.73M
est: 586.58M (+45.4%)
994.42M
est: 591.68M (+68.1%)
1.19B
est: 919.80M (+29.4%)
1.17B
est: 913.23M (+27.8%)
912.56M
est: 577.47M (+58.0%)
1.00B
est: 780.58M (+28.7%)
1.40B
est: 1.52B (-7.9%)
1.62B
est: 1.86B (-12.6%)
1.62B
est: 1.63B (-0.7%)
1.90B
est: 1.60B (+19.2%)
1.57B
1.55B – 1.60B
-1.5% YoY
1.64B
1.54B – 1.72B
+4.0% YoY
1.68B
1.62B – 1.74B
+2.8% YoY
1.64B
1.58B – 1.69B
-2.7% YoY
1.69B
1.63B – 1.75B
+3.3% YoY
EPS
-0.07
est: 0.43 (-115.9%)
0.05
est: 0.05 (+1.3%)
0.46
est: 0.32 (+45.4%)
0.74
est: 0.79 (-6.6%)
0.63
est: 0.66 (-4.7%)
-0.54
est: -0.03 (-1,667.0%)
0.93
est: 0.81 (+15.3%)
2.16
est: 2.21 (-2.1%)
3.32
est: 2.94 (+12.8%)
1.81
est: 1.74 (+3.9%)
1.90
est: 1.79 (+6.0%)
1.78
1.69 – 1.92
-0.8% YoY
1.92
1.72 – 2.27
+8.2% YoY
2.05
1.96 – 2.14
+6.6% YoY
2.23
2.13 – 2.33
+8.7% YoY
2.14
2.04 – 2.23
-4.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-06 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-05 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-05-04 A+ 5/5 5/5 4/5 5/5 4/5 3/5 4/5
2026-04-30 A+ 4/5 5/5 4/5 5/5 3/5 3/5 4/5
2026-04-29 A+ 4/5 5/5 4/5 5/5 3/5 3/5 4/5
2026-04-28 A+ 4/5 5/5 4/5 5/5 3/5 3/5 4/5
2026-04-27 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-04-24 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-04-23 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-22 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-21 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-20 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-17 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-16 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.92B
OE per share TTM
1.86
Owner's Yield
7.73%
Maintenance CapEx ratio
6.44%
Maint CapEx / Avg PPE
61.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 287 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amundi Index Solutions - Amundi MSCI Europe Minimum Volatility Factor UCITS ETF-C MIVO.L 2.68% 2.41M 0.23%
2 iShares MSCI Europe SRI UCITS ETF EUR (Acc) ESIE.L 1.86% 5.08M 0.18%
3 iShares MSCI Europe Energy Sector UCITS ETF EYED.L 1.86% 720.0K 0.18%
4 iShares MSCI Italy ETF EWI 1.79% 16.18M 0.50%
5 WisdomTree Europe Hedged Equity Fund HEDJ 1.73% 31.60M 0.58%
6 State Street SPDR MSCI Europe Energy UCITS ETF STNX.SW 1.63% 10.45M 0.18%
7 WisdomTree Europe Equity UCITS ETF - USD Hedged HEDJ.L 1.48% 1.67M 0.58%
8 WisdomTree Europe Equity UCITS ETF - GBP Hedged HEDP.L 1.48% 2.24M 0.35%
9 WisdomTree Europe Equity UCITS ETF - USD Hedged Acc HEDK.L 1.48% 1.67M 0.58%
10 WisdomTree Europe Equity UCITS ETF - EUR Acc WTDF.DE 1.48% 1.91M 0.32%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
95.9K
Shares Outstanding
1.01B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Antonio Caprera Chief Industrial Officer — male
Carlos Gomez Alzaga Chief Financial Officer — male
Gabriel Casanova Chief Supply Chain Officer — male
Gabriel Podskubka Chief Operating Officer — male
Giovanni Sardagna Investor Relations Director — male
Guillermo Gabriel Moreno President of U.S.A — male
Lucas Pigliacampo Chief Technology Officer — male
Luis Scartascini Chief Human Resources Officer — male
Michele Della Briotta President of Europe — male
Paolo Rocca Chairman & Chief Executive Officer — male
Sergio de la Maza President of Mexico — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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