Tenaris Historical Financial Ratios
| TS Stock | USD 32.25 0.03 0.09% |
Tenaris SA is promptly reporting on over 100 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Book Value Per Share of 30.01, Free Cash Flow Yield of 0.2 or Invested Capital of 0.035 will help investors to properly organize and evaluate Tenaris SA ADR financial condition quickly.
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About Tenaris Financial Ratios Analysis
Tenaris SA ADRFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Tenaris SA investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Tenaris financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Tenaris SA history.
Tenaris SA Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Tenaris SA ADR stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Tenaris SA sales, a figure that is much harder to manipulate than other Tenaris SA ADR multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Tenaris SA ADR dividend as a percentage of Tenaris SA stock price. Tenaris SA ADR dividend yield is a measure of Tenaris SA stock productivity, which can be interpreted as interest rate earned on an Tenaris SA investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from Tenaris SA's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Tenaris SA ADR current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaris SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Tenaris SA's Inventory Turnover is comparatively stable compared to the past year. Net Income Per Share is likely to gain to 6.98 in 2024, whereas Days Sales Outstanding is likely to drop 65.34 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0259 | 0.0256 | 0.0311 | 0.0294 | Price To Sales Ratio | 1.89 | 1.76 | 1.38 | 1.71 |
Tenaris SA fundamentals Correlations
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Tenaris SA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Tenaris SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tenaris SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tenaris SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Tenaris Stock
Moving against Tenaris Stock
| 0.74 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
| 0.64 | VTOL | Bristow Group | PairCorr |
| 0.53 | DWSN | Dawson Geophysical | PairCorr |
The ability to find closely correlated positions to Tenaris SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenaris SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tenaris SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tenaris SA ADR to buy it.
The correlation of Tenaris SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tenaris SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenaris SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tenaris SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Tenaris Stock Analysis
When running Tenaris SA's price analysis, check to measure Tenaris SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tenaris SA is operating at the current time. Most of Tenaris SA's value examination focuses on studying past and present price action to predict the probability of Tenaris SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenaris SA's price. Additionally, you may evaluate how the addition of Tenaris SA to your portfolios can decrease your overall portfolio volatility.