Tenaris SA ADR (TS) - Net Assets
Based on the latest financial reports, Tenaris SA ADR (TS) has net assets worth $17.26 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.47 Billion) and total liabilities ($3.21 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. Check TS asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $17.26 Billion |
| % of Total Assets | 84.33% |
| Annual Growth Rate | 9.64% |
| 5-Year Change | 46.89% |
| 10-Year Change | 41.7% |
| Growth Volatility | 15.11 |
Tenaris SA ADR - Net Assets Trend (2000–2024)
This chart illustrates how Tenaris SA ADR's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Tenaris SA ADR for the complete picture of this company's asset base.
Annual Net Assets for Tenaris SA ADR (2000–2024)
The table below shows the annual net assets of Tenaris SA ADR from 2000 to 2024. For live valuation and market cap data, see how much is Tenaris SA ADR worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $16.81 Billion | -1.27% |
| 2023-12-31 | $17.03 Billion | +21.35% |
| 2022-12-31 | $14.03 Billion | +15.93% |
| 2021-12-31 | $12.11 Billion | +5.76% |
| 2020-12-31 | $11.45 Billion | -6.07% |
| 2019-12-31 | $12.19 Billion | +2.62% |
| 2018-12-31 | $11.88 Billion | +2.54% |
| 2017-12-31 | $11.58 Billion | +1.47% |
| 2016-12-31 | $11.41 Billion | -3.82% |
| 2015-12-31 | $11.87 Billion | -8.52% |
| 2014-12-31 | $12.97 Billion | +4.02% |
| 2013-12-31 | $12.47 Billion | +7.87% |
| 2012-12-31 | $11.56 Billion | +3.47% |
| 2011-12-31 | $11.17 Billion | +5.90% |
| 2010-12-31 | $10.55 Billion | +8.54% |
| 2009-12-31 | $9.72 Billion | +11.71% |
| 2008-12-31 | $8.70 Billion | +15.57% |
| 2007-12-31 | $7.53 Billion | +32.06% |
| 2006-12-31 | $5.70 Billion | +51.00% |
| 2005-12-31 | $3.78 Billion | +41.89% |
| 2004-12-31 | $2.66 Billion | +35.69% |
| 2003-12-31 | $1.96 Billion | +4.28% |
| 2002-12-31 | $1.88 Billion | +4.82% |
| 2001-12-31 | $1.79 Billion | -2.75% |
| 2000-12-31 | $1.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tenaris SA ADR'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 1774193000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $17.74 Billion | 106.92% |
| Common Stock | $1.16 Billion | 7.01% |
| Other Comprehensive Income | $-1.57 Billion | -9.43% |
| Total Equity | $16.59 Billion | 100.00% |
Tenaris SA ADR Competitors by Market Cap
The table below lists competitors of Tenaris SA ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JB Hunt Transport Services Inc
NASDAQ:JBHT
|
$21.12 Billion |
|
T. Rowe Price Group Inc
NASDAQ:TROW
|
$21.13 Billion |
|
Norsk Hydro ASA
OL:NHY
|
$21.14 Billion |
|
Hapag Lloyd AG
XETRA:HLAG
|
$21.17 Billion |
|
HAPAG-LLOYD UNSP.ADR 1/2
F:HLAA
|
$21.10 Billion |
|
Eicher Motors Limited
NSE:EICHERMOT
|
$21.09 Billion |
|
NetApp Inc
NASDAQ:NTAP
|
$21.09 Billion |
|
Nanya Technology Corp
TW:2408
|
$21.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tenaris SA ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,842,972,000 to 16,593,257,000, a change of -249,715,000 (-1.5%).
- Net income of 2,036,445,000 contributed positively to equity growth.
- Dividend payments of 757,786,000 reduced retained earnings.
- Share repurchases of 1,439,589,000 reduced equity.
- Other comprehensive income decreased equity by 89,418,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.04 Billion | +12.27% |
| Dividends Paid | $757.79 Million | -4.57% |
| Share Repurchases | $1.44 Billion | -8.68% |
| Other Comprehensive Income | $-89.42 Million | -0.54% |
| Other Changes | $633.00K | +0.0% |
| Total Change | $- | -1.48% |
Book Value vs Market Value Analysis
This analysis compares Tenaris SA ADR'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.
Valuation Insights
- Current price-to-book ratio: 2.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 25.42x to 2.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $2.46 | $62.63 | x |
| 2002-12-31 | $4.62 | $62.63 | x |
| 2003-12-31 | $3.15 | $62.63 | x |
| 2004-12-31 | $4.23 | $62.63 | x |
| 2005-12-31 | $5.94 | $62.63 | x |
| 2006-12-31 | $9.04 | $62.63 | x |
| 2007-12-31 | $11.87 | $62.63 | x |
| 2008-12-31 | $13.85 | $62.63 | x |
| 2009-12-31 | $15.40 | $62.63 | x |
| 2010-12-31 | $16.78 | $62.63 | x |
| 2011-12-31 | $17.80 | $62.63 | x |
| 2012-12-31 | $19.29 | $62.63 | x |
| 2013-12-31 | $20.82 | $62.63 | x |
| 2014-12-31 | $21.72 | $62.63 | x |
| 2015-12-31 | $19.84 | $62.63 | x |
| 2016-12-31 | $19.12 | $62.63 | x |
| 2017-12-31 | $19.45 | $62.63 | x |
| 2018-12-31 | $19.96 | $62.63 | x |
| 2019-12-31 | $20.31 | $62.63 | x |
| 2020-12-31 | $19.08 | $62.63 | x |
| 2021-12-31 | $20.26 | $62.63 | x |
| 2022-12-31 | $23.56 | $62.63 | x |
| 2023-12-31 | $28.59 | $62.63 | x |
| 2024-12-31 | $29.50 | $62.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tenaris SA ADR 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): 12.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.26%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.23x
- Recent ROE (12.27%) is below the historical average (14.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.29% | 3.31% | 0.64x | 3.94x | $-15.83 Million |
| 2001 | 17.81% | 4.91% | 0.83x | 4.38x | $68.36 Million |
| 2002 | 5.57% | 2.93% | 0.80x | 2.37x | $-75.10 Million |
| 2003 | 11.42% | 6.61% | 0.74x | 2.34x | $26.18 Million |
| 2004 | 31.44% | 18.97% | 0.73x | 2.27x | $535.11 Million |
| 2005 | 36.42% | 18.97% | 1.00x | 1.91x | $926.77 Million |
| 2006 | 36.44% | 25.17% | 0.61x | 2.36x | $1.41 Billion |
| 2007 | 27.46% | 19.16% | 0.66x | 2.18x | $1.22 Billion |
| 2008 | 27.83% | 18.76% | 0.80x | 1.85x | $1.46 Billion |
| 2009 | 12.78% | 14.25% | 0.60x | 1.48x | $252.34 Million |
| 2010 | 11.38% | 14.62% | 0.54x | 1.45x | $137.13 Million |
| 2011 | 12.67% | 13.35% | 0.67x | 1.41x | $280.53 Million |
| 2012 | 14.92% | 15.68% | 0.68x | 1.40x | $560.25 Million |
| 2013 | 12.62% | 14.64% | 0.67x | 1.30x | $322.35 Million |
| 2014 | 10.48% | 12.99% | 0.62x | 1.30x | $61.36 Million |
| 2015 | -0.68% | -1.13% | 0.48x | 1.27x | $-1.25 Billion |
| 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 |
| 2021 | 9.20% | 16.87% | 0.45x | 1.21x | $-95.87 Million |
| 2022 | 18.36% | 21.71% | 0.67x | 1.26x | $1.16 Billion |
| 2023 | 23.26% | 26.35% | 0.71x | 1.25x | $2.23 Billion |
| 2024 | 12.27% | 16.26% | 0.61x | 1.23x | $377.12 Million |
Industry Comparison
This section compares Tenaris SA ADR's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $4,027,366,900
- Average return on equity (ROE) among peers: 0.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tenaris SA ADR (TS) | $17.26 Billion | 8.29% | 0.19x | $21.10 Billion |
| ProFrac Holding Corp. (ACDC) | $176.81 Million | -1.24% | 2.26x | $980.32 Million |
| Atlas Energy Solutions Inc. (AESI) | $338.70 Million | 1.26% | 0.61x | $1.64 Billion |
| Archrock Inc (AROC) | $722.86 Million | 4.64% | 1.69x | $6.33 Billion |
| Baker Hughes Co (BKR) | $35.01 Billion | 0.56% | 0.50x | $62.90 Billion |
| ChampionX Corporation (CHX) | $1.64 Billion | 6.75% | 0.16x | $4.94 Billion |
| Core Laboratories NV (CLB) | $47.60 Million | 16.18% | 0.67x | $655.15 Million |
| Drilling Tools International Corp. (DTI) | $49.10 Million | 42.93% | 1.14x | $76.38 Million |
| Dawson Geophysical Company (DWSN) | $48.80 Million | -38.20% | 0.41x | $62.41 Million |
| Enerflex Ltd. (EFXT) | $1.21 Billion | 8.14% | 0.88x | $2.57 Billion |
| Forum Energy Technologies Inc (FET) | $1.03 Billion | -36.31% | 0.78x | $597.54 Million |
About Tenaris SA ADR
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