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Tenaris SA
MIL:TEN

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Tenaris SA
MIL:TEN
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Price: 26.78 EUR 0.53% Market Closed
Market Cap: €28.7B

EV/OCF

11.3
Current
99%
More Expensive
vs 3-y average of 5.6

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
11.3
=
Enterprise Value
€23.6B
/
Operating Cash Flow
$2.6B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
11.3
=
Enterprise Value
€23.6B
/
Operating Cash Flow
$2.6B

Valuation Scenarios

Tenaris SA is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (5.6), the stock would be worth €13.43 (50% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-50%
Maximum Upside
No Upside Scenarios
Average Downside
30%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 11.3 €26.78
0%
3-Year Average 5.6 €13.43
-50%
5-Year Average 7 €16.63
-38%
Industry Average 9.5 €22.5
-16%
Country Average 9.6 €22.89
-15%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
LU
Tenaris SA
MIL:TEN
27B EUR 11.3 16.6
US
Schlumberger NV
NYSE:SLB
81.9B USD 13.9 25
US
Baker Hughes Co
NASDAQ:BKR
63.7B USD 18 26.3
US
Halliburton Co
NYSE:HAL
33.1B USD 13.6 21.7
UK
TechnipFMC PLC
NYSE:FTI
29B USD 16.4 30.9
CN
Yantai Jereh Oilfield Services Group Co Ltd
SZSE:002353
133.5B CNY 41.6 47.6
UK
Subsea 7 SA
OSE:SUBC
91.2B NOK 6.5 24
IT
Saipem SpA
MIL:SPM
8.2B EUR 5.2 17.7
FR
Technip Energies NV
PAR:TE
7.1B EUR 7.8 19.4
CN
Sinopec Oilfield Service Corp
SSE:600871
51.6B CNY 11.6 78.3
US
Weatherford International PLC
NASDAQ:WFRD
7.4B USD 12.1 16.7

Market Distribution

In line with most companies in Luxembourg
Percentile
54th
Based on 178 companies
54th percentile
11.3
Low
0 — 6
Typical Range
6 — 15.1
High
15.1 —
Distribution Statistics
Luxembourg
Min 0
30th Percentile 6
Median 9.6
70th Percentile 15.1
Max 462.4

Tenaris SA
Glance View

In the sprawling global theater of energy, Tenaris SA emerges as a titan that seamlessly marries industrial prowess with technological finesse. Born in the heart of the steel industry, the company has positioned itself as a crucial player in the production and supply of seamless steel pipes—critical components in the oil and gas sector. Through a strategic web of manufacturing facilities and service centers spread across continents, from the Americas to Europe and Asia, Tenaris orchestrates the delivery of high-quality tubular products that cater to the ever-complex needs of its clients. These clients include oil and gas giants who demand reliability and durability in extreme conditions, both offshore and on land. By leveraging decades of technical expertise, continuous research, and development, Tenaris not only meets but anticipates industry needs, cultivating strong partnerships and a reputation for excellence. Beyond merely producing tubular goods, Tenaris distinguishes itself through its commitment to providing integrated services that enhance operational efficiencies. Its offerings extend far beyond pipeline manufacture, encompassing sophisticated supply chain solutions that reduce costs and enhance time-to-market for its customers. By integrating digital technologies, the company supports predictive maintenance and real-time data management, augmenting the performance of its products. This comprehensive approach to customer service bolsters long-term relationships and generates steady revenues through not just sales, but lifecycle services that include consulting, logistical support, and on-site assistance. This dual focus on product innovation and service-enhancement ensures that Tenaris remains a pivotal entity in a sector that thrives on precision, endurance, and adaptability.

TEN Intrinsic Value
13.83 EUR
Overvaluation 48%
Intrinsic Value
Price €26.78
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