Added to YB: 2025-05-19
Pitch date: 2025-03-30
TS [bullish]
Tenaris S.A.
-0.14%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
EUR 21.2B
Pitch Price
EUR 17.19
Price Target
N/A
Dividend
4.06%
EV/EBITDA
6.58
P/E
10.97
EV/Sales
1.60
Sector
Energy Equipment and Services
Category
value
Tenaris S.A. - $TS
TS: Global OCTG leader (80% seamless/20% welded) w/ ~50% market share. OCTG prices bottoming, imports down 19% QoQ in Q3. 10% FCF yield, 6x EBITDA. $3.5B cash vs $500M debt. $700M buyback thru Mar'25. Catalysts: US pricing recovery, Argentina growth (10-15% rev), Trump policies, May AGM (potential shareholder returns framework).
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