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Also traded in: Argentina, Austria, Germany, Italy, Mexico, UK, USA

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash-to-Debt 1.90
TS's Cash-to-Debt is ranked higher than
65% of the 552 Companies
in the Global Steel industry.

( Industry Median: 0.42 vs. TS: 1.90 )
Ranked among companies with meaningful Cash-to-Debt only.
TS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19  Med: 1.08 Max: 3.08
Current: 1.9
0.19
3.08
Equity-to-Asset 0.80
TS's Equity-to-Asset is ranked higher than
89% of the 546 Companies
in the Global Steel industry.

( Industry Median: 0.45 vs. TS: 0.80 )
Ranked among companies with meaningful Equity-to-Asset only.
TS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23  Med: 0.68 Max: 0.81
Current: 0.8
0.23
0.81
Debt-to-Equity 0.07
TS's Debt-to-Equity is ranked higher than
91% of the 392 Companies
in the Global Steel industry.

( Industry Median: 0.64 vs. TS: 0.07 )
Ranked among companies with meaningful Debt-to-Equity only.
TS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06  Med: 0.16 Max: 0.79
Current: 0.07
0.06
0.79
Debt-to-EBITDA 0.84
TS's Debt-to-EBITDA is ranked higher than
85% of the 429 Companies
in the Global Steel industry.

( Industry Median: 3.97 vs. TS: 0.84 )
Ranked among companies with meaningful Debt-to-EBITDA only.
TS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.32  Med: 0.61 Max: 1.18
Current: 0.84
0.32
1.18
Interest Coverage 6.78
TS's Interest Coverage is ranked lower than
88% of the 453 Companies
in the Global Steel industry.

( Industry Median: 9.97 vs. TS: 6.78 )
Ranked among companies with meaningful Interest Coverage only.
TS' s Interest Coverage Range Over the Past 10 Years
Min: 6.78  Med: 23.7 Max: 42.46
Current: 6.78
6.78
42.46
Piotroski F-Score: 5
Altman Z-Score: 5.32
Beneish M-Score: -2.37
WACC vs ROIC
2.91%
1.88%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 3.54
TS's Operating Margin % is ranked lower than
73% of the 554 Companies
in the Global Steel industry.

( Industry Median: 3.38 vs. TS: 3.54 )
Ranked among companies with meaningful Operating Margin % only.
TS' s Operating Margin % Range Over the Past 10 Years
Min: -1.38  Med: 20.16 Max: 29.45
Current: 3.54
-1.38
29.45
Net Margin % 8.86
TS's Net Margin % is ranked higher than
84% of the 554 Companies
in the Global Steel industry.

( Industry Median: 2.45 vs. TS: 8.86 )
Ranked among companies with meaningful Net Margin % only.
TS' s Net Margin % Range Over the Past 10 Years
Min: -1.16  Med: 14.44 Max: 19.16
Current: 8.86
-1.16
19.16
ROE % 3.67
TS's ROE % is ranked lower than
63% of the 528 Companies
in the Global Steel industry.

( Industry Median: 5.58 vs. TS: 3.67 )
Ranked among companies with meaningful ROE % only.
TS' s ROE % Range Over the Past 10 Years
Min: -0.7  Med: 12.92 Max: 29.85
Current: 3.67
-0.7
29.85
ROA % 2.96
TS's ROA % is ranked lower than
51% of the 564 Companies
in the Global Steel industry.

( Industry Median: 2.44 vs. TS: 2.96 )
Ranked among companies with meaningful ROA % only.
TS' s ROA % Range Over the Past 10 Years
Min: -0.54  Med: 8.81 Max: 14.53
Current: 2.96
-0.54
14.53
ROC (Joel Greenblatt) % 3.61
TS's ROC (Joel Greenblatt) % is ranked lower than
72% of the 562 Companies
in the Global Steel industry.

( Industry Median: 8.05 vs. TS: 3.61 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.72  Med: 26.97 Max: 51.63
Current: 3.61
0.72
51.63
3-Year Revenue Growth Rate -19.30
TS's 3-Year Revenue Growth Rate is ranked lower than
85% of the 534 Companies
in the Global Steel industry.

( Industry Median: -5.30 vs. TS: -19.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
TS' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -22.3  Med: 1 Max: 35.5
Current: -19.3
-22.3
35.5
3-Year EBITDA Growth Rate -31.30
TS's 3-Year EBITDA Growth Rate is ranked lower than
92% of the 450 Companies
in the Global Steel industry.

( Industry Median: 2.50 vs. TS: -31.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
TS' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -31.3  Med: 4.9 Max: 82.3
Current: -31.3
-31.3
82.3
3-Year EPS without NRI Growth Rate -78.50
TS's 3-Year EPS without NRI Growth Rate is ranked lower than
99% of the 403 Companies
in the Global Steel industry.

( Industry Median: 6.70 vs. TS: -78.50 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
TS' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -78.5  Med: 8.25 Max: 102.6
Current: -78.5
-78.5
102.6
GuruFocus has detected 3 Warning Signs with Tenaris SA TS.
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» TS's 30-Y Financials

Financials (Next Earnings Date: 2018-02-22)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2016

TS Guru Trades in Q4 2016

NWQ Managers 641,037 sh (+47.42%)
John Rogers 270,030 sh (+7.56%)
» More
Q1 2017

TS Guru Trades in Q1 2017

Steven Cohen 194,300 sh (New)
Manning & Napier Advisors, Inc 100,705 sh (New)
Jim Simons 953,099 sh (New)
John Rogers 342,574 sh (+26.87%)
NWQ Managers 621,916 sh (-2.98%)
» More
Q2 2017

TS Guru Trades in Q2 2017

Manning & Napier Advisors, Inc 172,430 sh (+71.22%)
John Rogers 472,087 sh (+37.81%)
Steven Cohen Sold Out
NWQ Managers 582,492 sh (-6.34%)
Jim Simons 589,300 sh (-38.17%)
» More
Q3 2017

TS Guru Trades in Q3 2017

John Rogers 629,830 sh (+33.41%)
NWQ Managers 709,790 sh (+21.85%)
Manning & Napier Advisors, Inc Sold Out
Jim Simons 502,400 sh (-14.75%)
» More
» Details

Insider Trades

Latest Guru Trades with TS

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
NWQ Managers 2017-09-30 Add 21.85%0.05%$26.57 - $32.9 $ 28.54-2%709,790
John Rogers 2017-09-30 Add 33.41%0.05%$26.57 - $32.9 $ 28.54-2%629,830
NWQ Managers 2017-06-30 Reduce -6.34%0.02%$29.72 - $34.83 $ 28.54-10%582,492
John Rogers 2017-06-30 Add 37.81%0.05%$29.72 - $34.83 $ 28.54-10%472,087
NWQ Managers 2017-03-31 Reduce -2.98%0.01%$31.1 - $37.17 $ 28.54-16%621,916
John Rogers 2017-03-31 Add 26.87%0.03%$31.1 - $37.17 $ 28.54-16%342,574
NWQ Managers 2016-12-31 Add 47.42%0.1%$27.5 - $35.91 $ 28.54-9%641,037
John Rogers 2016-12-31 Add 7.56%0.01%$27.5 - $35.91 $ 28.54-9%270,030
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Business Description

Industry: Steel » Steel  
Compare:XTER:TKA, MIC:NLMK, SHSE:600010, MIC:CHMF, TSE:8015, NYSE:NUE, TPE:2002, TSE:5411, NSE:TATASTEEL, HKSE:00656, TSE:5401, BOM:500228, WBO:VOE, NAS:STLD, MIC:MAGN, OSTO:SSAB A, IST:EREGL, NYSE:PKX, SZSE:000898, SZSE:000709 » details
Traded in other countries:TS.Argentina, TEN.Austria, TW1.Germany, TEN.Italy, TS.Mexico, 0HXB.UK, TNRSF.USA,
Headquarter Location:Luxembourg
Tenaris SA is a global manufacturer of welded steel casing and tubing for oil and gas drilling projects. The company also manufactures various diameter pipes for oil and gas transportation projects and other industrial uses.

Tenaris is a global manufacturer of seamless and welded steel casing and tubing for oil and gas drilling projects. The company also manufactures large-diameter pipes for oil and gas transportation projects and a number of other pipes for various industrial uses. Tenaris' largest production facilities are located in Argentina, Italy, Mexico, and the United States.

Top Ranked Articles about Tenaris SA

4 Stocks Retreat on Thursday Tesla, Tenaris, GoPro and Community Health Systems respond to quarterly results
Markets were mixed in Thursday trading ahead of President Donald Trump's decision to nominate Jerome Powell to be chairman of the Federal Reserve when Chairwoman Janet Yellen ends her term in February. Read more...

Ratios

vs
industry
vs
history
PE Ratio 37.91
TS's PE Ratio is ranked lower than
86% of the 403 Companies
in the Global Steel industry.

( Industry Median: 14.20 vs. TS: 37.91 )
Ranked among companies with meaningful PE Ratio only.
TS' s PE Ratio Range Over the Past 10 Years
Min: 4.82  Med: 16.77 Max: 367.17
Current: 37.91
4.82
367.17
Forward PE Ratio 29.76
TS's Forward PE Ratio is ranked lower than
82% of the 33 Companies
in the Global Steel industry.

( Industry Median: 13.32 vs. TS: 29.76 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 50.51
TS's PE Ratio without NRI is ranked lower than
90% of the 404 Companies
in the Global Steel industry.

( Industry Median: 14.20 vs. TS: 50.51 )
Ranked among companies with meaningful PE Ratio without NRI only.
TS' s PE Ratio without NRI Range Over the Past 10 Years
Min: 5.73  Med: 16.92 Max: 894.52
Current: 50.51
5.73
894.52
PB Ratio 1.48
TS's PB Ratio is ranked lower than
63% of the 519 Companies
in the Global Steel industry.

( Industry Median: 1.02 vs. TS: 1.48 )
Ranked among companies with meaningful PB Ratio only.
TS' s PB Ratio Range Over the Past 10 Years
Min: 1  Med: 2.09 Max: 5.74
Current: 1.48
1
5.74
PS Ratio 3.34
TS's PS Ratio is ranked lower than
93% of the 544 Companies
in the Global Steel industry.

( Industry Median: 0.53 vs. TS: 3.34 )
Ranked among companies with meaningful PS Ratio only.
TS' s PS Ratio Range Over the Past 10 Years
Min: 1.19  Med: 2.49 Max: 5.17
Current: 3.34
1.19
5.17
EV-to-EBIT 51.82
TS's EV-to-EBIT is ranked lower than
94% of the 438 Companies
in the Global Steel industry.

( Industry Median: 12.49 vs. TS: 51.82 )
Ranked among companies with meaningful EV-to-EBIT only.
TS' s EV-to-EBIT Range Over the Past 10 Years
Min: -788.5  Med: 11 Max: 356.1
Current: 51.82
-788.5
356.1
EV-to-EBITDA 16.54
TS's EV-to-EBITDA is ranked lower than
75% of the 473 Companies
in the Global Steel industry.

( Industry Median: 10.04 vs. TS: 16.54 )
Ranked among companies with meaningful EV-to-EBITDA only.
TS' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.4  Med: 9.1 Max: 46.4
Current: 16.54
3.4
46.4
EV-to-Revenue 3.22
TS's EV-to-Revenue is ranked lower than
90% of the 545 Companies
in the Global Steel industry.

( Industry Median: 0.80 vs. TS: 3.22 )
Ranked among companies with meaningful EV-to-Revenue only.
TS' s EV-to-Revenue Range Over the Past 10 Years
Min: 1  Med: 2.5 Max: 7.7
Current: 3.22
1
7.7
Shiller PE Ratio 15.99
TS's Shiller PE Ratio is ranked higher than
50% of the 105 Companies
in the Global Steel industry.

( Industry Median: 15.38 vs. TS: 15.99 )
Ranked among companies with meaningful Shiller PE Ratio only.
TS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.67  Med: 15.4 Max: 21.04
Current: 15.99
9.67
21.04
Current Ratio 2.66
TS's Current Ratio is ranked higher than
81% of the 470 Companies
in the Global Steel industry.

( Industry Median: 1.45 vs. TS: 2.66 )
Ranked among companies with meaningful Current Ratio only.
TS' s Current Ratio Range Over the Past 10 Years
Min: 1.31  Med: 2.47 Max: 3.27
Current: 2.66
1.31
3.27
Quick Ratio 1.54
TS's Quick Ratio is ranked higher than
79% of the 470 Companies
in the Global Steel industry.

( Industry Median: 0.91 vs. TS: 1.54 )
Ranked among companies with meaningful Quick Ratio only.
TS' s Quick Ratio Range Over the Past 10 Years
Min: 0.77  Med: 1.49 Max: 2.22
Current: 1.54
0.77
2.22
Days Inventory 192.82
TS's Days Inventory is ranked lower than
91% of the 525 Companies
in the Global Steel industry.

( Industry Median: 74.11 vs. TS: 192.82 )
Ranked among companies with meaningful Days Inventory only.
TS' s Days Inventory Range Over the Past 10 Years
Min: 149.97  Med: 161.78 Max: 193.08
Current: 192.82
149.97
193.08
Days Sales Outstanding 76.50
TS's Days Sales Outstanding is ranked lower than
75% of the 450 Companies
in the Global Steel industry.

( Industry Median: 57.40 vs. TS: 76.50 )
Ranked among companies with meaningful Days Sales Outstanding only.
TS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 58.69  Med: 67.14 Max: 79.94
Current: 76.5
58.69
79.94
Days Payable 72.97
TS's Days Payable is ranked higher than
72% of the 415 Companies
in the Global Steel industry.

( Industry Median: 46.44 vs. TS: 72.97 )
Ranked among companies with meaningful Days Payable only.
TS' s Days Payable Range Over the Past 10 Years
Min: 38.73  Med: 49.16 Max: 72.97
Current: 72.97
38.73
72.97

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.88
TS's Dividend Yield % is ranked higher than
75% of the 480 Companies
in the Global Steel industry.

( Industry Median: 2.09 vs. TS: 2.88 )
Ranked among companies with meaningful Dividend Yield % only.
TS' s Dividend Yield % Range Over the Past 10 Years
Min: 0.7  Med: 2 Max: 4.46
Current: 2.88
0.7
4.46
Dividend Payout Ratio 1.52
TS's Dividend Payout Ratio is ranked lower than
98% of the 296 Companies
in the Global Steel industry.

( Industry Median: 0.28 vs. TS: 1.52 )
Ranked among companies with meaningful Dividend Payout Ratio only.
TS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26  Med: 0.33 Max: 43
Current: 1.52
0.26
43
3-Year Dividend Growth Rate 9.10
TS's 3-Year Dividend Growth Rate is ranked higher than
69% of the 236 Companies
in the Global Steel industry.

( Industry Median: -2.70 vs. TS: 9.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TS' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 6.9 Max: 51.4
Current: 9.1
0
51.4
Forward Dividend Yield % 2.87
TS's Forward Dividend Yield % is ranked higher than
83% of the 455 Companies
in the Global Steel industry.

( Industry Median: 2.29 vs. TS: 2.87 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 4.74
TS's 5-Year Yield-on-Cost % is ranked higher than
81% of the 638 Companies
in the Global Steel industry.

( Industry Median: 2.16 vs. TS: 4.74 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TS' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.15  Med: 3.29 Max: 7.35
Current: 4.74
1.15
7.35

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 7.20
TS's Price-to-Net-Current-Asset-Value is ranked lower than
75% of the 223 Companies
in the Global Steel industry.

( Industry Median: 3.23 vs. TS: 7.20 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
TS' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.55  Med: 10.9 Max: 72.11
Current: 7.2
4.55
72.11
Price-to-Tangible-Book 1.75
TS's Price-to-Tangible-Book is ranked lower than
67% of the 508 Companies
in the Global Steel industry.

( Industry Median: 1.14 vs. TS: 1.75 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.29  Med: 2.83 Max: 24.59
Current: 1.75
1.29
24.59
Price-to-Intrinsic-Value-Projected-FCF 1.07
TS's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
58% of the 257 Companies
in the Global Steel industry.

( Industry Median: 0.89 vs. TS: 1.07 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
TS' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.58  Med: 1.11 Max: 5.53
Current: 1.07
0.58
5.53
Price-to-Median-PS-Value 1.34
TS's Price-to-Median-PS-Value is ranked lower than
62% of the 514 Companies
in the Global Steel industry.

( Industry Median: 1.27 vs. TS: 1.34 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TS' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.45  Med: 0.99 Max: 2.07
Current: 1.34
0.45
2.07
Price-to-Graham-Number 1.97
TS's Price-to-Graham-Number is ranked lower than
89% of the 334 Companies
in the Global Steel industry.

( Industry Median: 0.84 vs. TS: 1.97 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TS' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.85  Med: 1.56 Max: 9.43
Current: 1.97
0.85
9.43
Earnings Yield (Greenblatt) % 1.92
TS's Earnings Yield (Greenblatt) % is ranked lower than
73% of the 559 Companies
in the Global Steel industry.

( Industry Median: 6.03 vs. TS: 1.92 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TS' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -2.4  Med: 8.6 Max: 25.3
Current: 1.92
-2.4
25.3
Forward Rate of Return (Yacktman) % -24.98
TS's Forward Rate of Return (Yacktman) % is ranked lower than
83% of the 309 Companies
in the Global Steel industry.

( Industry Median: 1.78 vs. TS: -24.98 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
TS' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -26.1  Med: 3.6 Max: 68
Current: -24.98
-26.1
68

More Statistics

Revenue (TTM) (Mil) $4,745.39
EPS (TTM) $ 0.70
Beta0.78
Short Percentage of Float0.00%
52-Week Range $25.91 - 37.21
Shares Outstanding (Mil)590.27 (ADR)

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 5,207 6,656
EPS ($) 0.73 0.96
EPS without NRI ($) 0.73 0.96
EPS Growth Rate
(Future 3Y To 5Y Estimate)
88.66%
Dividends per Share ($) 1.72 1.72

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAY
Positive CFROAN
Higher ROA yoyY
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyY
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

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