Tenaris SA
MIL:TEN

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Tenaris SA Logo
Tenaris SA
MIL:TEN
Watchlist
Price: 17.63 EUR -0.09% Market Closed
Market Cap: 18.9B EUR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+234%
5Y
+40%
10Y
+4%
Investing Cash Flow
+
3Y
-362%
5Y
+100%
10Y
+100%
Financing Cash Flow
+
3Y
-1 318%
5Y
-416%
10Y
-283%

Cash Flow Statement
Tenaris SA

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Cash Flow Statement
Currency: USD
Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
94
175
212
249
210
212
252
331
805
1 037
1 250
1 460
1 387
1 549
1 703
1 862
2 059
2 127
2 166
2 092
2 076
2 067
2 562
2 757
2 276
2 169
1 475
1 081
1 208
1 037
995
1 061
1 141
1 243
1 253
1 316
1 421
1 545
1 696
1 764
1 702
1 676
1 651
1 531
1 574
1 580
1 570
1 343
1 181
1 007
660
217
(74)
(300)
(382)
(11)
59
236
319
399
536
566
659
811
874
881
954
808
731
(177)
(467)
(603)
(642)
124
465
827
1 053
1 456
1 800
2 082
2 549
3 174
3 676
3 615
3 958
3 579
2 791
2 703
2 077
1 844
2 038
2 031
Depreciation & Amortization
176
181
191
194
200
206
203
204
208
206
210
214
214
217
220
224
255
301
376
461
515
549
553
547
533
520
512
505
505
509
509
507
507
510
520
529
554
563
565
574
568
575
589
602
610
617
619
614
616
611
611
617
659
674
685
693
662
661
646
625
609
588
491
598
664
683
649
648
540
575
589
632
679
656
657
628
595
593
587
581
608
590
578
551
549
609
628
621
633
604
615
621
Other Non-Cash Items
273
168
49
14
(140)
(224)
(99)
(50)
(294)
(162)
(293)
(282)
128
139
17
44
(34)
12
(217)
(216)
(460)
(546)
(620)
(992)
(150)
(398)
(151)
123
(3)
(484)
(318)
(250)
(106)
(116)
(58)
(37)
433
16
(111)
(209)
614
(169)
(10)
63
617
121
99
295
958
350
282
430
652
294
315
(140)
(58)
(428)
(403)
(382)
(261)
(230)
(124)
(94)
24
(90)
(329)
(315)
119
442
535
472
532
(379)
(449)
(512)
(280)
(443)
(339)
(128)
468
359
206
279
(271)
(475)
(115)
(378)
(350)
(175)
(386)
(244)
Cash Taxes Paid
70
0
154
0
202
0
0
0
0
0
0
0
419
0
0
0
(57)
0
0
0
393
0
0
0
225
0
0
0
971
0
0
0
508
0
0
0
354
0
0
0
703
0
0
0
502
0
0
0
507
0
0
0
336
0
0
0
170
0
0
0
177
0
0
0
171
0
0
0
396
0
0
0
140
0
0
0
154
0
0
0
360
0
0
0
0
0
0
0
0
0
0
0
Cash Interest Paid
30
0
30
0
21
0
0
0
0
0
0
0
45
0
0
0
21
0
0
0
268
0
0
0
164
0
0
0
142
0
0
0
58
0
0
0
85
0
0
0
89
0
0
0
109
0
0
0
75
0
0
0
19
0
0
0
19
0
0
0
18
0
0
0
32
0
0
0
31
0
0
0
29
0
0
0
22
0
0
0
33
0
0
0
0
0
0
0
61
0
0
0
Change in Working Capital
(82)
28
39
(81)
6
(166)
(263)
(409)
(621)
(711)
(540)
(418)
(434)
(248)
(376)
(454)
(470)
(485)
(329)
(49)
(110)
(168)
(531)
(994)
(1 194)
(631)
650
1 308
1 344
1 665
498
(284)
(671)
(1 037)
(848)
(727)
(1 125)
(399)
(335)
(160)
(1 028)
(270)
(233)
60
(424)
108
105
50
(710)
343
740
955
978
978
860
603
201
111
(394)
(730)
(906)
(1 002)
(809)
(927)
(951)
(258)
(95)
362
139
656
944
1 145
952
673
(96)
(730)
(1 249)
(1 585)
(1 548)
(1 845)
(2 457)
(2 009)
(1 431)
(382)
160
659
673
263
507
527
271
(103)
Cash from Operating Activities
461
N/A
553
+20%
491
-11%
376
-23%
276
-27%
28
-90%
94
+234%
76
-19%
98
+29%
370
+277%
627
+69%
974
+55%
1 295
+33%
1 657
+28%
1 564
-6%
1 676
+7%
1 811
+8%
1 955
+8%
1 996
+2%
2 288
+15%
2 021
-12%
1 901
-6%
1 964
+3%
1 317
-33%
1 465
+11%
1 660
+13%
2 487
+50%
3 017
+21%
3 054
+1%
2 727
-11%
1 684
-38%
1 034
-39%
871
-16%
600
-31%
867
+44%
1 081
+25%
1 283
+19%
1 726
+34%
1 815
+5%
1 970
+9%
1 856
-6%
1 811
-2%
1 996
+10%
2 256
+13%
2 377
+5%
2 426
+2%
2 393
-1%
2 302
-4%
2 044
-11%
2 310
+13%
2 292
-1%
2 219
-3%
2 215
0%
1 646
-26%
1 478
-10%
1 145
-23%
864
-25%
581
-33%
168
-71%
(88)
N/A
(22)
+75%
(78)
-253%
306
N/A
359
+17%
611
+70%
1 188
+94%
1 179
-1%
1 503
+27%
1 528
+2%
1 496
-2%
1 602
+7%
1 645
+3%
1 520
-8%
1 075
-29%
577
-46%
212
-63%
119
-44%
22
-82%
500
+2 175%
689
+38%
1 167
+69%
2 115
+81%
3 028
+43%
4 083
+35%
4 395
+8%
4 361
-1%
3 955
-9%
3 210
-19%
2 866
-11%
2 800
-2%
2 538
-9%
2 305
-9%
Investing Cash Flow
Capital Expenditures
(148)
(167)
(174)
(171)
(163)
(159)
(157)
(162)
(183)
(191)
(232)
(255)
(284)
(307)
(322)
(392)
(441)
(492)
(502)
(474)
(448)
(416)
(424)
(450)
(443)
(475)
(464)
(434)
(461)
(499)
(583)
(694)
(847)
(900)
(961)
(960)
(863)
(848)
(802)
(777)
(790)
(777)
(752)
(772)
(776)
(810)
(849)
(971)
(1 153)
(1 196)
(1 239)
(1 212)
(1 132)
(1 101)
(1 050)
(936)
(787)
(695)
(639)
(595)
(558)
(512)
(460)
(395)
(349)
(343)
(337)
(346)
(350)
(333)
(281)
(236)
(194)
(174)
(183)
(214)
(245)
(282)
(303)
(346)
(397)
(429)
(518)
(573)
(619)
(674)
(681)
(694)
(704)
(706)
(676)
(672)
Other Items
(33)
(44)
(140)
(124)
(90)
(64)
29
(54)
(30)
76
70
(11)
(8)
(326)
(345)
(6)
(2 381)
(2 181)
(4 139)
(4 357)
(1 839)
(1 881)
997
1 360
1 166
1 193
14
(557)
(580)
(622)
(200)
(86)
(74)
(5)
(343)
31
260
(240)
(36)
(749)
(690)
(351)
(653)
(489)
(533)
(701)
(605)
(734)
(633)
(853)
(829)
(437)
(642)
34
404
560
689
829
860
1 089
907
718
823
433
749
638
487
556
310
(697)
(1 177)
(1 452)
(1 898)
(684)
(283)
19
512
445
259
345
234
(766)
(1 549)
(2 613)
(2 067)
(1 934)
(1 283)
(573)
(693)
(153)
226
666
Cash from Investing Activities
(181)
N/A
(211)
-17%
(314)
-49%
(295)
+6%
(252)
+14%
(222)
+12%
(127)
+43%
(216)
-69%
(213)
+1%
(115)
+46%
(162)
-42%
(267)
-64%
(293)
-10%
(633)
-116%
(667)
-5%
(398)
+40%
(2 822)
-609%
(2 673)
+5%
(4 640)
-74%
(4 831)
-4%
(2 287)
+53%
(2 298)
0%
573
N/A
910
+59%
722
-21%
719
-1%
(451)
N/A
(991)
-120%
(1 041)
-5%
(1 121)
-8%
(783)
+30%
(780)
+0%
(921)
-18%
(905)
+2%
(1 303)
-44%
(929)
+29%
(603)
+35%
(1 088)
-81%
(838)
+23%
(1 526)
-82%
(1 480)
+3%
(1 128)
+24%
(1 405)
-25%
(1 261)
+10%
(1 309)
-4%
(1 510)
-15%
(1 455)
+4%
(1 705)
-17%
(1 786)
-5%
(2 049)
-15%
(2 068)
-1%
(1 648)
+20%
(1 774)
-8%
(1 067)
+40%
(646)
+39%
(377)
+42%
(98)
+74%
133
N/A
221
+65%
493
+124%
349
-29%
206
-41%
363
+76%
38
-89%
399
+939%
295
-26%
150
-49%
211
+40%
(40)
N/A
(1 030)
-2 451%
(1 458)
-41%
(1 687)
-16%
(2 092)
-24%
(858)
+59%
(466)
+46%
(195)
+58%
268
N/A
163
-39%
(45)
N/A
(1)
+97%
(164)
-12 748%
(1 195)
-631%
(2 067)
-73%
(3 187)
-54%
(2 687)
+16%
(2 608)
+3%
(1 964)
+25%
(1 268)
+35%
(1 397)
-10%
(859)
+38%
(450)
+48%
(6)
+99%
Financing Cash Flow
Net Issuance of Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(214)
(525)
(1 017)
(1 199)
(1 440)
(1 366)
(1 110)
(1 280)
Net Issuance of Debt
(104)
(124)
(135)
(60)
46
146
292
358
306
97
(73)
(232)
(240)
(176)
(187)
(147)
1 928
1 669
3 153
3 282
371
324
(1 721)
(1 880)
(1 035)
(821)
(1 018)
(1 183)
(1 465)
(1 428)
(819)
(635)
(215)
(29)
(28)
147
(227)
4
599
798
783
423
(127)
(625)
(683)
(606)
(341)
(28)
156
319
214
(96)
0
(156)
(396)
(223)
(115)
(286)
19
64
107
275
(16)
(92)
(413)
(407)
(80)
81
132
(13)
(234)
(313)
(287)
(267)
(178)
(249)
(326)
(240)
100
328
365
237
(152)
(355)
(260)
(69)
(136)
(198)
(197)
(353)
(315)
(197)
Cash Paid for Dividends
(39)
0
(150)
(115)
(115)
0
(135)
(135)
(135)
0
(200)
(200)
(349)
0
(354)
(354)
(204)
0
(354)
(354)
(508)
0
(449)
(449)
(449)
0
(508)
(508)
(508)
0
(401)
(401)
(401)
0
(401)
(401)
(401)
0
(449)
(449)
(449)
0
(508)
(508)
(508)
0
(508)
(508)
(531)
0
(531)
(531)
(531)
0
(531)
(531)
(508)
0
(484)
(484)
(484)
0
(484)
(484)
(484)
0
(484)
(484)
(484)
0
(153)
(153)
(83)
0
(248)
(248)
(319)
0
(484)
(484)
(531)
0
(602)
(602)
(637)
0
(694)
(694)
(758)
0
(900)
(900)
Other
(41)
0
(24)
(9)
(14)
0
(11)
(8)
(0)
(0)
(3)
(8)
(14)
(22)
(28)
(26)
(23)
(19)
(47)
(49)
(60)
(57)
(75)
(75)
(87)
0
(59)
(60)
(46)
0
(37)
(35)
(35)
0
(39)
(41)
(39)
(40)
(777)
(771)
(759)
(776)
(26)
(26)
(26)
(57)
(49)
(48)
(48)
(1)
(1)
(1)
(4)
(9)
(8)
(32)
(30)
(26)
(45)
(20)
(24)
(24)
(6)
(7)
(4)
(4)
(3)
(4)
(2)
(2)
(1)
0
(5)
(5)
(9)
(9)
(3)
0
1
(14)
(12)
0
(29)
(13)
(15)
(14)
2
(5)
(5)
(6)
(33)
(30)
Cash from Financing Activities
(184)
N/A
(205)
-11%
(308)
-50%
(184)
+40%
(83)
+55%
17
N/A
146
+754%
215
+47%
171
-21%
(38)
N/A
(275)
-623%
(439)
-60%
(604)
-37%
(547)
+9%
(569)
-4%
(527)
+7%
1 701
N/A
1 446
-15%
2 752
+90%
2 879
+5%
(197)
N/A
(240)
-22%
(2 245)
-833%
(2 403)
-7%
(1 570)
+35%
(1 356)
+14%
(1 584)
-17%
(1 750)
-10%
(2 019)
-15%
(1 982)
+2%
(1 257)
+37%
(1 072)
+15%
(652)
+39%
(465)
+29%
(468)
-1%
(295)
+37%
(668)
-126%
(438)
+34%
(626)
-43%
(421)
+33%
(426)
-1%
(802)
-88%
(661)
+18%
(1 159)
-75%
(1 217)
-5%
(1 171)
+4%
(898)
+23%
(584)
+35%
(424)
+27%
(212)
+50%
(319)
-50%
(628)
-97%
(535)
+15%
(696)
-30%
(935)
-34%
(787)
+16%
(653)
+17%
(819)
-26%
(510)
+38%
(440)
+14%
(401)
+9%
(233)
+42%
(506)
-117%
(582)
-15%
(900)
-55%
(895)
+1%
(567)
+37%
(406)
+28%
(354)
+13%
(499)
-41%
(389)
+22%
(466)
-20%
(375)
+19%
(355)
+6%
(434)
-22%
(505)
-16%
(648)
-28%
(562)
+13%
(382)
+32%
(170)
+56%
(178)
-5%
(306)
-72%
(783)
-156%
(970)
-24%
(1 125)
-16%
(1 244)
-11%
(1 845)
-48%
(2 096)
-14%
(2 399)
-14%
(2 482)
-3%
(2 358)
+5%
(2 407)
-2%
Change in Cash
Effect of Foreign Exchange Rates
(6)
(5)
9
1
3
2
4
3
0
0
(15)
(14)
(12)
(13)
(5)
(6)
(5)
(1)
23
36
52
95
144
(8)
(46)
(126)
(162)
(6)
9
32
(8)
(15)
(7)
10
23
(3)
(18)
(4)
(19)
(2)
7
(17)
(18)
(25)
(26)
(21)
(7)
(15)
(16)
(27)
(28)
(28)
(37)
(24)
(21)
(10)
(0)
1
(1)
2
6
3
(7)
(13)
(13)
(15)
(7)
(8)
(6)
(24)
(27)
(23)
(22)
(7)
(3)
(3)
(6)
(4)
(23)
(41)
(52)
(66)
(58)
(53)
(58)
(47)
(53)
(29)
(25)
(23)
(8)
(26)
Net Change in Cash
91
N/A
132
+45%
(122)
N/A
(102)
+17%
(57)
+44%
(175)
-208%
116
N/A
79
-32%
56
-29%
218
+291%
175
-20%
254
+45%
387
+52%
464
+20%
322
-31%
745
+131%
684
-8%
727
+6%
131
-82%
372
+185%
(411)
N/A
(542)
-32%
436
N/A
(185)
N/A
571
N/A
896
+57%
290
-68%
270
-7%
4
-99%
(344)
N/A
(364)
-6%
(833)
-129%
(709)
+15%
(760)
-7%
(882)
-16%
(147)
+83%
(5)
+96%
195
N/A
332
+70%
21
-94%
(42)
N/A
(135)
-219%
(88)
+35%
(189)
-115%
(175)
+8%
(276)
-58%
34
N/A
(3)
N/A
(182)
-6 020%
22
N/A
(123)
N/A
(87)
+30%
(130)
-50%
(141)
-8%
(124)
+12%
(28)
+77%
112
N/A
(104)
N/A
(122)
-17%
(33)
+73%
(68)
-105%
(102)
-49%
156
N/A
(199)
N/A
97
N/A
573
+493%
756
+32%
1 299
+72%
1 128
-13%
(58)
N/A
(272)
-372%
(531)
-95%
(970)
-83%
(145)
+85%
(326)
-125%
(491)
-51%
(267)
+46%
(381)
-43%
51
N/A
477
+841%
773
+62%
547
-29%
119
-78%
(127)
N/A
525
N/A
462
-12%
93
-80%
(183)
N/A
(956)
-423%
(564)
+41%
(277)
+51%
(134)
+52%
Free Cash Flow
Free Cash Flow
314
N/A
386
+23%
317
-18%
205
-35%
113
-45%
(131)
N/A
(63)
+52%
(85)
-36%
(85)
+0%
180
N/A
395
+120%
718
+82%
1 011
+41%
1 350
+34%
1 242
-8%
1 283
+3%
1 369
+7%
1 463
+7%
1 495
+2%
1 814
+21%
1 573
-13%
1 485
-6%
1 540
+4%
867
-44%
1 022
+18%
1 185
+16%
2 023
+71%
2 583
+28%
2 593
+0%
2 228
-14%
1 101
-51%
340
-69%
24
-93%
(300)
N/A
(94)
+69%
121
N/A
421
+248%
877
+109%
1 013
+16%
1 193
+18%
1 066
-11%
1 034
-3%
1 244
+20%
1 484
+19%
1 602
+8%
1 616
+1%
1 544
-4%
1 331
-14%
891
-33%
1 114
+25%
1 053
-5%
1 007
-4%
1 083
+8%
546
-50%
428
-22%
209
-51%
77
-63%
(115)
N/A
(471)
-311%
(683)
-45%
(580)
+15%
(590)
-2%
(154)
+74%
(36)
+77%
261
N/A
845
+223%
842
0%
1 157
+37%
1 178
+2%
1 163
-1%
1 321
+14%
1 410
+7%
1 326
-6%
901
-32%
394
-56%
(2)
N/A
(126)
-6 211%
(260)
-107%
197
N/A
343
+75%
770
+124%
1 686
+119%
2 510
+49%
3 510
+40%
3 776
+8%
3 687
-2%
3 274
-11%
2 515
-23%
2 162
-14%
2 094
-3%
1 863
-11%
1 632
-12%

See Also

Summary
TEN intrinsic value, competitors valuation, and company profile.
DCF Valuation
TEN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TEN stock valuation using valuation multiples.
Wall Street Estimates
TEN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TEN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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