TS · NYSE · STOCK
Tenaris (TS) Stock Analysis
$57.27
52W $33.72 – $64.60
65/100
$30.77B
15.4
0.48
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is TS Bullish or Bearish?
Bullish.
Innellis AI committee rates Tenaris S.A. (TS) Buy with a composite score of 65/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +10.47 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 — -9.53 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. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.2x is a discount to asset value — Value
- Dividend yield of 3.2% pays you to wait — Value
- 3 consecutive earnings beats -- consistent execution — Growth
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — 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 October 10, 2026
Overall Committee Score
65/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 11%
of 93 Energy peers
Value Analyst
bullish
70
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 1.2x is a discount to asset value
Growth Analyst
neutral
52
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ 3 consecutive earnings beats -- consistent execution
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
bullish
63
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− Price structure (LH_LL) contradicts the uptrend -- mixed signals
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
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 64.5 to 64.5.
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
57.9
Neutral
MACD Histogram
0.085
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$53.45
Resistance
$58.85
Bollinger %B
0.86
Inside Bands
Price vs Moving Averages
EMA 9
$56.50
Above
EMA 21
$56.18
Above
EMA 50
$56.04
Above
EMA 200
$53.50
Above
Fundamental Analysis
Valuation
65
Growth
64
Profitability
67
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
15.4×
P/B Ratio
1.71×
PEG Ratio
7.05
Dividend Yield
3.00%
52W High
$64.60
52W Low
$33.72
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
P/E ratio of 15.4 (inexpensive relative to a 15-40x range); Price-to-book of 1.7x; PEG ratio of 7.0 (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); Most recent quarter beat estimates by 9.5%; 3 consecutive earnings beats; EPS growth decelerating (+22.7% -> -13.0% QoQ); Analyst estimates rising over recent quarters
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