Tenaris S.A. (TS) AI Stock Analysis

Tenaris S.A. specializes in the production and sale of seamless and welded steel tubular products and related services for the oil and gas industry and industrial applications. Its offerings include steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, premium joints, couplings, and coiled tubing for drilling and workovers. The company also supplies subsea pipelines, umbilical tubing, sucker rods, industrial equipment, heat exchangers, and utility conduits for buildings. Additionally, Tenaris sells energy and raw materials and provides financial services to support client projects. It operates globally across North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Tenaris expanded its revenue at a 5-year CAGR of 18.4% from FY2020 to FY2025, peaking in FY2023 at $14.87B with a net margin of 26.4%. Growth contracted in FY2024 as revenue declined 15.8% to $12.52B, followed by a 4.3% decrease in FY2025 to $11.98B with net income of $1.93B. Operating margin was 19.1% in FY2025 compared to 29.0% in FY2023. Over the trailing twelve months, revenue reached $12.04B with an operating margin of 16.7%. For the quarter ended June 30, 2026, quarterly revenue fell 3.9% year-over-year and quarterly earnings decreased 4.9% year-over-year.

As of June 30, 2026, Tenaris held $2.78B in cash and short-term investments against $446.9M in total debt, resulting in net cash of $2.34B. The balance sheet shows a current ratio of 4.07, debt-to-equity of 0.03, and shareholders' equity of $16.96B out of $20.31B in total assets. During FY2025, the company generated $2.60B in operating cash flow and $1.98B in free cash flow. Capital expenditures totaled $617.2M, while capital returns comprised $1.36B in share buybacks and $900.4M in dividends paid.

Tenaris trades at a trailing P/E of 15.8x and a forward P/E of 15.8x, compared to medians of 15.0x and 12.7x, respectively, for its US-listed Energy peers. Its EV/EBITDA stands at 8.4x versus the peer median of 8.0x, and its price-to-sales multiple is 2.5x against the peer median of 1.8x. Over the past year, the stock returned 78.9%, outperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year period, TS returned 210.0% versus 83.0% for the index.

Tenaris pays a semiannual forward dividend of $1.78 per share, representing a dividend yield of 3.00% and a payout ratio of 47.6%. The company has paid dividends for 24 consecutive years, delivering a 5-year annualized dividend growth rate of 19.4%. Its last ex-dividend date is November 24, 2026.

Wall Street coverage includes 5 Strong Buy, 2 Buy, 4 Hold, and 1 Sell ratings. The mean price target of $64.96 represents 9.4% upside over the last close of $59.39. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $3.77 on revenue of $12.22B. For the following fiscal year, 8 analysts estimate EPS of $4.20 and revenue of $13.04B. Tenaris beat EPS estimates in all 4 of the last 4 quarters, with its next earnings date scheduled for November 4, 2026.

This page is an AI-written research summary of Tenaris S.A. (TS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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