Tenaris SA (TEN)

  13.79
   
  • Change Today:
     -0.25
  • 52 Week High:  19.33
  • 52 Week Low:  12.49
  • Currency: Euro
  • Shares Issued: 1,167.89m
  • Volume: 2,825,918
  • Market Cap:  16,105m
  • RiskGrade: 198

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 14,868.86 11,762.53 6,521.21 5,146.73 7,294.06
Operating Profit/(Loss) 4,316.41 2,963.27 707.51 (663.07) 832.39
Profit Before Tax 4,632.79 3,165.94 1,242.77 (619.27) 933.71
Profit After Tax 3,957.83 2,548.70 1,053.32 (642.42) 731.26
           
Earnings per Share - Basic 332.00¢ 216.00¢ 93.00¢ (54.00¢) 63.00¢
Earnings per Share - Adjusted 332.00¢ 216.00¢ 93.00¢ (54.00¢) 63.00¢
           
Dividend per Share 54.00¢ 45.00¢ 27.00¢ 7.00¢ 13.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 6,210.32 5,668.00 5,933.54 6,435.13 6,323.14
Intangible Assets 1,377.11 1,332.51 1,372.18 1,429.06 1,561.56
Other Non-Current Assets 2,990.01 2,081.14 2,162.54 1,564.33 1,287.68
  10,577.44 9,081.65 9,468.26 9,428.52 9,172.38
Current Assets          
Inventories 3,921.10 3,986.93 2,672.59 1,636.67 2,265.88
Cash at Bank & in Hand 1,637.82 1,091.53 318.13 584.68 1,554.30
Other Current Assets 4,945.54 3,390.14 1,990.45 2,066.32 1,850.43
  10,504.46 8,468.60 4,981.17 4,287.67 5,670.61
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 21,081.89 17,550.25 14,449.43 13,716.19 14,842.99
Current Liabilities          
Borrowings 572.97 710.89 194.13 529.59 819.12
Other Current Liabilities 2,329.01 2,077.53 589.96 573.65 961.34
           
Current Liabilities 2,901.98 2,788.42 784.08 1,103.24 1,780.46
           
Net Current Assets c7,602.48 c5,680.17 c4,197.09 c3,184.43 c3,890.15
           
Borrowings 144.90 130.05 254.09 346.76 233.20
Other Non-Current Liabilities 1,004.58 597.34 1,305.55 819.71 642.96
Non-Current Liabilities 1,149.48 727.39 1,559.64 1,166.47 876.16
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 4,051.46 3,515.81 2,343.73 2,269.72 2,656.60
           
Net Assets 17,030.44 14,034.44 12,105.70 11,446.47 12,186.37
           
Shareholders Funds 16,842.97 13,905.71 11,960.58 11,262.89 11,988.96
           
Minority Interests/Other Equity 187.46 128.73 145.12 183.59 197.41
Total Equity 17,030.44 14,034.44 12,105.70 11,446.47 12,186.37
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 4,395.07 1,167.22 119.07 1,520.38 1,527.94
Net Cash Flow from Investing Activities (2,686.52) (163.55) 267.90 (2,092.26) (40.39)
Net Cash Flow from Financing Activities (1,125.01) (178.34) (647.96) (375.32) (353.76)
Net Increase/Decrease In Cash 583.55 825.32 (260.98) (947.20) 1,133.79
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 5.5 8.5 11.2 n/a 18.1
PEG - Adjusted 0.1 0.1 n/a n/a n/a
Earnings per Share Growth - Adjusted 54% 132% n/a n/a -15%
Dividend Cover 6.15 4.80 3.44 (7.71) 4.85
Revenue per Share 1,273.14¢ 1,007.16¢ 5.64¢ 440.69¢ 624.55¢
Pre-Tax Profit per Share 396.68¢ 271.08¢ 1.07¢ (53.02¢) 79.95¢
Operating Margin 29.03% 25.19% 10.85% (12.88%) 11.41%
Return on Capital Employed 28.30% 23.38% 0.11% n/a 8.00%
           
Dividend Yield 3.0% 2.4% 2.6% 0.9% 1.1%
Dividend per Share Growth 20.00% 66.67% 285.71% (46.15%) (68.29%)
Operating Cash Flow per Share 376.33¢ 99.94¢ 10.20¢ 130.18¢ 130.83¢
Cash Incr/Decr per Share 49.97¢ 70.67¢ (0.23¢) (81.10¢) 97.08¢
Net Asset Value per Share (exc. Intangibles) 1,340.31¢ 1,087.60¢ 919.05¢ 857.74¢ 909.75¢
Net Gearing -5.46% -1.80% 1.09% 2.59% -4.19%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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