TS · NYSE · STOCK
Tenaris S.A.
$53.45
52W $33.65 – $64.60
63/100
$28.67B
14.3
0.48
Is TS Bullish or Bearish?
Bullish.
Innellis AI committee rates Tenaris S.A. (TS) Buy with a composite score of 63/100
, based on 6 analysts with 50% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +11.67 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -8.33 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Risk Analyst sees a compelling case — low leverage (debt-to-equity 0.03) -- balance sheet can absorb a shock. Growth Analyst remains cautious. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 14.6 is inexpensive for the broad market — Value
- Price-to-book of 1.2x is a discount to asset value — Value
- Dividend yield of 4.4% pays you to wait — Value
- Low leverage (debt-to-equity 0.03) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
63/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 30%
of 90 Energy peers
Value Analyst
bullish
77
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 14.6 is inexpensive for the broad market
Growth Analyst
bearish
40
/ 100 · Low confidence
Growth story is weak, decelerating, or inconsistent
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bullish
80
/ 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.03) -- balance sheet can absorb a shock
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
35.1
Neutral
MACD Histogram
-0.296
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$37.70
Resistance
$64.31
Bollinger %B
0.06
Inside Bands
Price vs Moving Averages
EMA 9
$54.97
Below
EMA 21
$55.84
Below
EMA 50
$56.95
Below
EMA 200
$52.45
Above
Fundamental Analysis
Valuation
66
Profitability
67
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
14.3×
P/B Ratio
1.60×
PEG Ratio
6.56
Dividend Yield
3.33%
52W High
$64.60
52W Low
$33.65
Quality & Growth
ROE
1164.4%
ROA
962.9%
Gross Margin
3372.3%
Operating Margin
1870.8%
Revenue Growth YoY
—
Debt / Equity
0.03
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 14.3 (inexpensive relative to a 15-40x range); Price-to-book of 1.6x; PEG ratio of 6.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 11.6%; Return on assets of 9.6%; Net margin of 15.9%; Gross margin of 33.7%; Current ratio of 4.07 (healthy short-term liquidity); Debt-to-equity of 0.03; Free cash flow per share is positive (3.47); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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