Valuation Tenaris S.A. Deutsche Boerse AG

Stocks

Real-time Estimate Tradegate 19:42:17 05/10/2026 BST			5-day change	1st Jan Change
26.06 ^EUR	+5.91%		+2.02%	+52.33%

10-02	Positive futures, but oil holds above $100	AN
10-01	MIB worst performer; Fincantieri rises, banks fall	AN

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	12,311	20,546	20,325	20,338	19,651	28,113	-	-
Change	-	66.9%	-1.07%	0.06%	-3.38%	43.06%	-	-
Enterprise Value (EV) ¹	12,043	19,857	17,436	17,872	17,220	24,744	24,543	24,336
Change	-	64.89%	-12.19%	2.5%	-3.65%	43.69%	-0.81%	-0.84%
P/E	11.2x	8.06x	5.24x	10.4x	10.6x	14.8x	13.2x	12.6x
PBR	1.03x	-	1.22x	1.23x	1.18x	1.66x	1.6x	1.55x
PEG	-	0x	0.1x	-0.2x	9.59x	5.14x	1.1x	2.39x
Capitalization / Revenue	1.89x	1.75x	1.37x	1.62x	1.64x	2.29x	2.15x	2.09x
EV / Revenue	1.85x	1.69x	1.17x	1.43x	1.44x	2.02x	1.88x	1.81x
EV / EBITDA	8.86x	5.44x	3.58x	5.86x	5.94x	8.81x	7.69x	7.46x
EV / EBIT	17x	6.7x	4.04x	7.39x	7.54x	11.3x	9.58x	9.26x
EV / FCF	-100x	25.2x	4.62x	8.23x	8.69x	15.2x	12.7x	12.5x
FCF Yield	-1%	3.97%	21.7%	12.2%	11.5%	6.57%	7.88%	7.97%
Dividend per Share ²	0.41	-	-	0.415	0.89	1.402	1.461	1.455
Rate of return	3.93%	-	-	2.21%	4.58%	5.03%	5.25%	5.23%
EPS ²	0.93	2.16	3.32	1.81	1.83	1.883	2.105	2.216
Distribution rate	44.1%	-	-	22.9%	48.6%	74.4%	69.4%	65.7%
Net sales ¹	6,521	11,763	14,869	12,524	11,981	12,271	13,052	13,459
EBITDA ¹	1,359	3,648	4,865	3,052	2,899	2,808	3,192	3,263
EBIT ¹	707.5	2,963	4,316	2,419	2,283	2,195	2,562	2,628
Net income ¹	1,100	2,553	3,918	2,036	1,933	1,909	2,098	2,179
Net Debt ¹	-267.8	-689	-2,890	-2,466	-2,430	-3,369	-3,570	-3,777
Reference price ²	10.43	17.40	17.40	18.75	19.42	27.84	27.84	27.84
Nbr of stocks (in thousands)	1,180,537	1,180,537	1,167,889	1,084,776	1,011,824	1,009,640	-	-
Announcement Date	16/02/22	15/02/23	21/02/24	19/02/25	18/02/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
SLB N.V.	20.03x	2.16x	9.89x	2.41%	72.34B
BAKER HUGHES COMPANY	19.47x	2.33x	13.17x	1.65%	55.59B
TENARIS S.A.	14.79x	2.02x	8.81x	5.03%	28.11B
TECHNIPFMC PLC	22.34x	2.44x	12.04x	0.29%	26.99B
HALLIBURTON COMPANY	13.25x	1.41x	7.7x	2.14%	26.54B
YANTAI JEREH OILFIELD SERVICES GROUP CO., LTD.	32x	5.35x	20.88x	0.89%	16.77B
SUBSEA 7 S.A.	13.17x	1.21x	5.17x	3.74%	9.82B
SAIPEM SPA	27.23x	0.51x	4.39x	3.83%	9.44B
NOV INC.	21.09x	0.79x	6.88x	2.06%	6.7B
Average	20.37x	2.02x	9.88x	2.45%	28.03B
Weighted average by Cap.	19.68x	2.21x	10.75x	2.27%