TS Stock Financial Analysis - Tenaris S.A. - Depositary Receipt (Common Stock) (NYSE) Stock

Overview

Tenaris S.A. is a global manufacturer headquartered in Luxembourg, primarily engaged in the production and supply of tubular steel products used predominantly in the energy industry. As a leading supplier in the oil and gas sector, Tenaris develops advanced technological solutions to serve complex drilling operations. Despite its European base, the company operates on an international scale with significant activities in North America, South America, Europe, the Middle East, and Asia. Key projects typically involve innovations in seamless pipe manufacturing techniques and large-scale piping provisions for major oilfield projects. Tenaris focuses on enhancing operational efficiency and addressing rigorous technical and environmental challenges, positioning itself as a crucial player within the oil and gas supply chain.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 11,768.60 MM.
The operating income for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 2,147.76 MM.
The net income for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 2,002.53 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	11,768.60	2,147.76	2,002.53
2025-03-31	12,004.60	2,241.67	1,806.40
2024-12-31	12,523.93	2,500.55	2,036.44
2024-09-30	13,093.64	2,854.78	2,649.33
2024-06-30	13,415.99	3,142.36	2,738.57
2024-03-31	14,169.22	3,733.08	3,526.42
2023-12-31	14,868.86	4,280.13	3,918.07
2023-09-30	15,074.14	4,514.28	3,596.28
2023-06-30	14,811.10	4,433.19	3,665.44
2023-03-31	13,536.67	3,823.67	3,179.13
2022-12-31	11,762.53	2,968.75	2,553.28
2022-09-30	10,199.48	2,178.74	2,116.00
2022-06-30	8,978.42	1,653.06	1,839.40
2022-03-31	7,706.46	1,147.12	1,496.62
2021-12-31	6,521.21	722.22	1,100.19
2021-09-30	5,594.67	462.59	836.71
2021-06-30	4,853.68	205.99	473.90
2021-03-31	4,566.21	20.69	132.00
2020-12-31	5,146.73	-48.83	-634.42
2020-09-30	5,756.65	221.64	-589.20

Income Statement: EPS

The earnings per share basic for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 1.84.
The earnings per share diluted for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 1.84.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	1.84	1.84
2025-03-31	1.63	1.63
2024-12-31	1.81
2024-09-30	2.31	2.31
2024-06-30	2.35	2.35
2024-03-31	3.00	3.00
2023-12-31	3.32
2023-09-30	3.05	3.05
2023-06-30	3.10	3.10
2023-03-31	2.69	2.69
2022-12-31	2.16
2022-09-30	1.79	1.79
2022-06-30	1.56	1.56
2022-03-31	1.27	1.27
2021-12-31	0.93
2021-09-30	0.71	0.71
2021-06-30	0.40	0.40
2021-03-31	0.11	0.11
2020-12-31	-0.54
2020-09-30	-0.50	-0.50

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 2,538.19 MM.
The cash from investing activities for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is -449.56 MM.
The cash from financing activities for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is -2,357.79 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	2,538.19	-449.56	-2,357.79
2025-03-31	2,800.24	-859.42	-2,481.99
2024-12-31	2,866.22	-1,397.16	-2,399.43
2024-09-30	3,209.72	-1,267.86	-2,095.79
2024-06-30	3,954.85	-1,963.64	-1,844.82
2024-03-31	4,361.28	-2,608.38	-1,244.47
2023-12-31	4,395.07	-2,686.52	-1,125.01
2023-09-30	4,083.28	-3,186.66	-970.41
2023-06-30	3,028.47	-2,067.28	-783.44
2023-03-31	2,114.59	-1,195.01	-306.04
2022-12-31	1,167.22	-163.56	-178.34
2022-09-30	689.30	-1.27	-169.71
2022-06-30	500.08	-44.57	-382.21
2022-03-31	21.98	162.99	-562.07
2021-12-31	119.08	267.90	-647.96
2021-09-30	212.50	-195.38	-505.19
2021-06-30	576.87	-465.85	-434.06
2021-03-31	1,074.80	-858.30	-354.59
2020-12-31	1,520.38	-2,092.26	-375.32
2020-09-30	1,645.20	-1,687.17	-465.99

Valuation Metrics : PE, PriceToBook, PriceToTBV

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31	13.14	2.39
2022-12-31		3.11	3.46
2022-09-30		2.38	2.67
2022-06-30		2.40	2.97
2022-03-31	32.27	2.93	3.68
2021-12-31	29.43	2.06	2.33
2021-09-30	52.61	2.14	2.43
2021-06-30
2021-03-31	274.30	3.16	4.04
2020-12-31	-57.07	3.16	3.61
2020-09-30	-61.45	3.19	3.65

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31	0.10	0.05
2022-12-31	0.06	0.02
2022-09-30	0.07	0.03
2022-06-30	0.05	0.02
2022-03-31	0.03	0.01
2021-12-31	0.04	0.02
2021-09-30	0.02	0.01
2021-06-30
2021-03-31	0.00	0.01
2020-12-31	-0.02	0.01
2020-09-30	-0.01	0.01

Management Effectiveness

The roa for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.09.
The roe for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.11.
The roic for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.10.
The croic for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is -0.03.
The ocroic for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.16.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.09	0.11	0.10	-0.03	0.16
2025-03-31	0.09	0.12	0.12	-0.05	0.16
2024-12-31	0.13	0.16	0.15	-0.01	0.18
2024-09-30	0.14	0.17	0.16	0.01	0.22
2024-06-30	0.19	0.23	0.19	0.03	0.24
2024-03-31	0.22	0.28	0.22	0.03	0.25
2023-12-31	0.21	0.27	0.21	-0.01	0.24
2023-09-30	0.23	0.29	0.22	0.01	0.18
2023-06-30	0.20	0.25	0.22	0.01	0.18
2023-03-31	0.17	0.20	0.20	0.03	0.13
2022-12-31	0.15	0.18	0.15	0.03	0.05
2022-09-30	0.13	0.15	0.15	0.03	0.05
2022-06-30	0.11	0.13	0.14	0.00	0.04
2022-03-31	0.08	0.10	0.11	-0.03	0.00
2021-12-31	0.06	0.07	0.09	-0.02	0.02
2021-09-30	0.03	0.04	0.07	-0.04	0.05
2021-06-30	0.03	0.04	0.04	-0.03	0.05
2021-03-31	0.01	0.01	0.01	-0.01	0.09
2020-12-31	-0.04	-0.05	-0.05	-0.08	0.12
2020-09-30	-0.04	-0.05	-0.05	-0.04	0.13

Gross Margins

The gross margin for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.35.
The net margin for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.15.
The operating margin for Tenaris S.A. - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.19.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.35	0.15	0.19
2025-03-31	0.35	0.16	0.20
2024-12-31	0.38	0.20	0.22
2024-09-30	0.40	0.20	0.24
2024-06-30	0.42	0.25	0.27
2024-03-31	0.44	0.26	0.29
2023-12-31	0.44	0.24	0.30
2023-09-30	0.46	0.25	0.30
2023-06-30	0.43	0.25	0.30
2023-03-31	0.40	0.23	0.28
2022-12-31	0.38	0.21	0.22
2022-09-30	0.36	0.21	0.22
2022-06-30	0.33	0.20	0.19
2022-03-31	0.29	0.19	0.15
2021-12-31	0.29	0.17	0.12
2021-09-30	0.24	0.15	0.10
2021-06-30	0.24	0.10	0.05
2021-03-31	0.22	0.03	0.00
2020-12-31	0.21	-0.12	-0.01
2020-09-30	0.24	-0.10	0.03