Tenaris SA ADR logo

Tenaris SA ADR(TS)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
5-STAR RATING
WEAK BUY
BUY for 11 days
PROFIT SINCE LAST BUY
-3.35% ▼
LAST CLOSE
$55.47
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for TS

09/25/2026: TS (5-star) is a WEAK-BUY. BUY for 11 days. Simulated Profits (-3.35%). Updated daily EoD!

Tenaris S.A. is a global leader in the production and supply of steel pipes for the energy industry, known for its premium connection technology and integrated service model. The company benefits from a strong balance sheet and a strategic focus on high-performance products used in complex drilling environments. Its primary growth opportunity lies in capitalizing on energy industry spending cycles and diversifying into emerging energy transition sectors like geothermal infrastructure. However, the company faces risks from extreme commodity price volatility, intense global competition, and trade regulatory shifts. Tenaris is likely best suited for value and dividend-oriented investors who can tolerate cyclical volatility while monitoring energy exploration spending trends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is largely cyclical and tethered to commodity price trends rather than consistent secular expansion.
Momentum investorStrong fit while signal remains positiveThe stock often trends strongly with oil price momentum and energy sector sentiment.
Value investorStrong fitTenaris often trades at attractive multiples relative to its asset base and historical earnings potential.
Dividend investorStrong fitThe company historically provides reliable dividend income supported by a strong balance sheet.
Low-risk investorWeak fitHigh sensitivity to cyclical oil price volatility makes this a higher-risk equity holding.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighEarnings are directly impacted by the cyclical fluctuations of oil and gas prices.
Valuation riskMediumValuations can swing significantly based on near-term drilling forecasts.
Competition risk (OCTG)Medium / highStrong competition from international rivals requires constant innovation and cost management.
Business qualityMediumThe business model is solid but inherently constrained by its capital-intensive nature.
Dividend incomeMediumDividends are generally stable but can be adjusted based on the cyclical profitability of the energy sector.
Execution riskMediumSuccessful integration of global operations and timely project delivery are essential for margin stability.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 67.58%
Avg. Invested days 54
Today’s Advisory WEAK BUY
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
TS receives a 4-star rating, supported by solid unit economics, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
TS has moderate overall fundamentals (3 stars), with solid financial health, moderate growth momentum, and soft ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 16.5%) and solid profitability (net margin 16.1%) are partially offset by negative earnings growth (-5.1%), slightly negative revenue growth (-4.3%), very low insider ownership of 0.00%.

Financial Health Rating

★★★★★
TS's financial health is supported by strong cash strength, including free-cash-flow generation of $2.0B (16.5% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
TS's growth profile is soft, with the least-weak measure being revenue growth at -4.3% FY2025 versus FY2024. By comparison, while earnings growth (-5.1%, negative) and free-cash-flow growth (-8.3%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 7.8% and approximately 63.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.00%, which materially reduces the ownership score.

Top 5 Institutional Investors

FMR Inc 1.63%
Renaissance Technologies Corp 0.63%
Van Eck Associates Corporation 0.57%
Wellington Management Company LLP 0.49%
T. Rowe Price Associates, Inc. 0.29%

Unit Economics (Per $1K Revenue)

★★★★★
TS generates approximately $344 of gross profit, $191 of operating income, and $165 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 20.24%

Quantitative Style Profile

★★★★★
TS has a high-quality, large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 28.00B USD
Price to earnings Ratio 14.83
1Y Target Price 64.2
Price to earnings Ratio 14.83
1Y Target Price 64.2
Volume (30-day avg) 1.2M shares
Beta 0.47
52 Weeks Range 32.52 - 64.60
Updated Date 09/27/2026
52 Weeks Range 32.52 - 64.60
Updated Date 09/27/2026
Dividends yield (FY) 4.29%
Basic EPS (TTM) 3.74

How Company Makes Money

Business areaWhat it includesRetail investor read
OCTG (Seamless & Welded)Casing and tubing for drilling wells, providing the backbone of revenue.The company makes most of its money selling specialized steel pipes to energy companies.
Services (Rig Direct)Supply chain management and field services.They add value by delivering products directly to drill sites, making the process cheaper for customers.
Geographical SegmentsOperations in North America, South America, Europe, and Middle East/Africa.They have a global footprint, so they aren't reliant on just one region's energy market.
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Valuation

Trailing PE 14.83
Forward PE 15.77
Enterprise Value 26.08B
Price to Sales(TTM) 2.33
Enterprise Value 26.08B
Price to Sales(TTM) 2.33
Enterprise Value to Revenue 2.18
Enterprise Value to EBITDA 8.37
Shares Outstanding 504.82M
Shares Floating 318.76M
Shares Outstanding 504.82M
Shares Floating 318.76M
Percent Insiders -
Percent Institutions 7.8

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Tenaris SA ADR

Exchange NYSE
Headquarters -
IPO Launch date 2002-12-16
CEO -
Sector Energy
Industry Oil & Gas Equipment & Services
Full time employees 26000
Full time employees 26000

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.