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Tenaris SA ADR (TS)

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Upturn Advisory Summary
12/29/2025: TS (3-star) is a SELL. SELL since 3 days. Simulated Profits (2.13%). Updated daily EoD!
1 Year Target Price $44.42
1 Year Target Price $44.42
| 4 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 37.18% | Avg. Invested days 52 | Today’s Advisory SELL |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 19.56B USD | Price to earnings Ratio 10.36 | 1Y Target Price 44.42 |
Price to earnings Ratio 10.36 | 1Y Target Price 44.42 | ||
Volume (30-day avg) 11 | Beta 0.57 | 52 Weeks Range 28.65 - 41.59 | Updated Date 12/30/2025 |
52 Weeks Range 28.65 - 41.59 | Updated Date 12/30/2025 | ||
Dividends yield (FY) 4.41% | Basic EPS (TTM) 3.72 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.91% | Operating Margin (TTM) 20.03% |
Management Effectiveness
Return on Assets (TTM) 6.63% | Return on Equity (TTM) 11.72% |
Valuation
Trailing PE 10.36 | Forward PE 15.77 | Enterprise Value 17018879479 | Price to Sales(TTM) 1.67 |
Enterprise Value 17018879479 | Price to Sales(TTM) 1.67 | ||
Enterprise Value to Revenue 1.43 | Enterprise Value to EBITDA 6.41 | Shares Outstanding 506493392 | Shares Floating 310765553 |
Shares Outstanding 506493392 | Shares Floating 310765553 | ||
Percent Insiders - | Percent Institutions 7.11 |
Upturn AI SWOT
Tenaris SA ADR

Company Overview
History and Background
Tenaris SA is a multinational company that manufactures and supplies steel pipes and related services for the oil and gas industry, as well as for other industrial applications. It was formed in 2001 through the merger of two major Italian steel companies, Siderca and Dalmine, and later acquired Mannesmannru00f6hren-Werke AG. The company is headquartered in Luxembourg and its American Depositary Receipts (ADRs) trade on the New York Stock Exchange.
Core Business Areas
- Oil & Gas: Tenaris is a leading global manufacturer and supplier of seamless and welded steel pipes for the oil and gas industry, covering exploration, production, and transportation. This includes OCTG (Oil Country Tubular Goods), line pipe, and related services.
- Industrial: The company also serves various industrial sectors, including automotive, mechanical engineering, and construction, with a range of specialized steel tubes and components.
Leadership and Structure
Tenaris is led by a board of directors and a management team. The company operates with a global manufacturing and service footprint, organized into various geographical regions and business units to manage its diverse operations.
Top Products and Market Share
Key Offerings
- OCTG (Oil Country Tubular Goods): High-quality seamless and welded steel pipes used in drilling and production operations for oil and gas wells. Tenaris holds a significant market share globally in OCTG, facing competition from companies like Vallourec, TMK IPSCO, and U.S. Steel.
- Line Pipe: Steel pipes used for the transportation of oil, gas, and other fluids. Tenaris is a major supplier, competing with other large pipe manufacturers.
- Mechanical & Industrial Tubing: Specialized steel tubes for various industrial applications, including automotive components and machinery. Competitors include companies like ArcelorMittal and thyssenkrupp.
Market Dynamics
Industry Overview
The oil and gas industry is cyclical, heavily influenced by global energy prices, geopolitical events, and exploration and production activity. The demand for steel pipes is directly tied to these factors. The industrial segment is more stable but also subject to broader economic trends.
Positioning
Tenaris is a vertically integrated player with a strong global presence, offering a comprehensive range of products and services to its customers. Its competitive advantages include its extensive manufacturing network, technological expertise, and long-standing customer relationships.
Total Addressable Market (TAM)
The TAM for steel pipes in the oil and gas and industrial sectors is substantial, estimated to be in the tens of billions of dollars annually. Tenaris is a leading player within this market, with a significant share, particularly in the OCTG segment. Its ability to serve diverse geographical regions and offer integrated solutions positions it well within this TAM.
Upturn SWOT Analysis
Strengths
- Global manufacturing and distribution network.
- Strong brand reputation and long-term customer relationships.
- Vertical integration and technological expertise.
- Diversified product portfolio serving multiple industries.
- Financial strength and ability to weather industry downturns.
Weaknesses
- High sensitivity to oil and gas price volatility.
- Geopolitical risks affecting operations in certain regions.
- Intense competition from other global steel pipe manufacturers.
- Reliance on capital-intensive industries.
Opportunities
- Growing demand for energy in emerging markets.
- Increased investment in energy infrastructure projects.
- Expansion into new industrial applications and geographies.
- Focus on sustainable and specialized pipe solutions.
- Potential for consolidation within the industry.
Threats
- Downturns in oil and gas prices and E&P spending.
- Trade protectionism and import/export restrictions.
- Technological advancements in alternative materials or processes.
- Increasing environmental regulations.
- Supply chain disruptions and raw material price fluctuations.
Competitors and Market Share
Key Competitors
- Vallourec SA (VLRSY)
- TMK IPSCO (TMK.MM - though not a US listed ADR)
- Nucor Corporation (NUE)
- U.S. Steel Corporation (X)
Competitive Landscape
Tenaris's advantage lies in its integrated operations and strong global presence. Competitors like Vallourec and TMK are also major global players. Nucor and U.S. Steel are primarily North American focused, but have significant steel production capabilities that can extend into pipe manufacturing. Tenaris competes on quality, service, and the ability to provide comprehensive solutions.
Growth Trajectory and Initiatives
Historical Growth: Tenaris has experienced periods of significant growth, driven by expansion in key markets and strategic acquisitions. Its growth has been closely linked to the expansion of global oil and gas production and infrastructure.
Future Projections: Future growth is expected to be supported by continued investments in oil and gas infrastructure, especially in regions with growing energy demand. Diversification into industrial applications and a focus on higher-value, specialized products are also key to future growth.
Recent Initiatives: Recent initiatives have likely focused on enhancing operational efficiency, expanding its service offerings, and investing in technological innovation to meet evolving industry demands, including a focus on sustainability and digitalization.
Summary
Tenaris SA ADR is a strong player in the global steel pipe industry, particularly for oil and gas. Its integrated operations, global reach, and technical expertise are significant strengths. However, its performance is heavily tied to the volatile oil and gas market, presenting a key challenge. The company's future success will depend on its ability to capitalize on growing energy demand in emerging markets and diversify its industrial applications while navigating commodity price fluctuations and competitive pressures.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Financial Reports (10-K, Annual Reports)
- Industry Market Research Reports
- Financial News and Analysis Websites
- Stock Market Data Providers
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not intended as financial advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tenaris SA ADR
Exchange NYSE | Headquaters - | ||
IPO Launch date 2002-12-16 | Chairman & CEO Mr. Paolo Rocca | ||
Sector Energy | Industry Oil & Gas Equipment & Services | Full time employees 25874 | Website https://www.tenaris.com |
Full time employees 25874 | Website https://www.tenaris.com | ||
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. The company 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. It 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, Atlas Bradford, Ultra, and TORQ brands; 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, the company 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, it 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.

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