Tenaris SA
Tenaris S.A., together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The company provides steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude… Read more
Tenaris SA (0HXB) - Net Assets
Latest net assets as of September 2021: €11.76 Billion EUR
Based on the latest financial reports, Tenaris SA (0HXB) has net assets worth €11.76 Billion EUR as of September 2021.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€14.54 Billion) and total liabilities (€2.78 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €11.76 Billion |
| % of Total Assets | 80.9% |
| Annual Growth Rate | -0.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.52 |
Tenaris SA - Net Assets Trend (2016–2020)
This chart illustrates how Tenaris SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tenaris SA (2016–2020)
The table below shows the annual net assets of Tenaris SA from 2016 to 2020.
| Year | Net Assets | Change |
|---|---|---|
| 2020-12-31 | €11.26 Billion | -6.06% |
| 2019-12-31 | €11.99 Billion | +1.75% |
| 2018-12-31 | €11.78 Billion | +2.62% |
| 2017-12-31 | €11.48 Billion | +1.73% |
| 2016-12-31 | €11.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tenaris SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2020)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €10.78 Billion | 95.68% |
| Common Stock | €1.18 Billion | 10.48% |
| Total Equity | €11.26 Billion | 100.00% |
Tenaris SA Competitors by Market Cap
The table below lists competitors of Tenaris SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TENARIS S.A. DL 1
F:TW10
|
$7.86 Billion |
|
HELVETIA BA.HL.NA SF 0,02
F:HVXA
|
$7.86 Billion |
|
Boston Properties Inc
NYSE:BXP
|
$7.87 Billion |
|
New Gold Inc
NYSE MKT:NGD
|
$7.88 Billion |
|
Samsung Sdi Co Pref
KO:006405
|
$7.85 Billion |
|
HK Electric Investments and HK Electric Investments Limited
PINK:HKVTY
|
$7.85 Billion |
|
Kinsale Capital Group Inc
NYSE:KNSL
|
$7.84 Billion |
|
Berry Global Group Inc
NYSE:BERY
|
$7.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tenaris SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2019 to 2020, total equity changed from 11,988,958,000 to 11,262,888,000, a change of -726,070,000 (-6.1%).
- Net loss of 634,418,000 reduced equity.
- Dividend payments of 82,637,000 reduced retained earnings.
Equity Change Factors (2019 to 2020)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-634.42 Million | -5.63% |
| Dividends Paid | €82.64 Million | -0.73% |
| Other Changes | €-9.02 Million | -0.08% |
| Total Change | €- | -6.06% |
Book Value vs Market Value Analysis
This analysis compares Tenaris SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Insufficient data available to analyze book value vs market value.
Capital Efficiency Dashboard
This dashboard shows how efficiently Tenaris SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.33%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.22x
- Recent ROE (-5.63%) is below the historical average (2.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.49% | 1.29% | 0.31x | 1.24x | €-1.07 Billion |
| 2017 | 4.74% | 10.30% | 0.37x | 1.25x | €-603.48 Million |
| 2018 | 7.44% | 11.44% | 0.54x | 1.21x | €-302.23 Million |
| 2019 | 6.19% | 10.18% | 0.49x | 1.24x | €-456.21 Million |
| 2020 | -5.63% | -12.33% | 0.38x | 1.22x | €-1.76 Billion |
Industry Comparison
This section compares Tenaris SA's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tenaris SA (0HXB) | €11.76 Billion | 0.49% | 0.24x | $7.85 Billion |
| Nyfosa AB (0A0K) | $2.92 Billion | 39.50% | 2.88x | $973.31 Million |
| High Templar Tech Limited (0A2T) | $12.52 Billion | 4.70% | 0.13x | $255.82 Million |
| Strategy Inc (0A7O) | $51.04 Billion | -7.54% | 0.21x | $40.17 Billion |
| NACON SASU (0A9N) | $67.54 Million | 15.85% | 1.20x | $7.64 Million |
| Antin Infrastructure Partners (0AA5) | $23.79 Million | 108.98% | 1.09x | $573.10 Million |
| Truecaller AB Series B (0AA7) | $1.41 Billion | 18.30% | 0.20x | $281.60 Million |
| Brockhaus Technologies AG (0AAW) | $254.92 Million | -6.23% | 1.68x | $74.40 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $48.06 Million | -24.09% | 0.32x | $71.96 Million |
| Kalray S.A. (0ABT) | $28.43 Million | -41.56% | 0.67x | $33.84 Million |
| Webuild S.p.A. (0BJP) | $1.43 Billion | 10.29% | 7.14x | $1.13 Billion |