Calculating The Intrinsic Value Of Tenaris S.A. (BIT:TEN)
Oct 22
Italian (Borsa Italiana) Energy Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies7
- 7D-0.3%
- 3M7.3%
- 1Y13.1%
- YTD6.1%
In the last week, the Energy industry is flat overall, with Tenaris standing out by going down 3.8%. As for the the longer term, the industry is up 13% over the past 12 months. Looking forward, earnings are forecast to decline by 4.5% per year.
Sector Valuation and Performance
Has the Italian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | €72.9b | €141.6b | €9.0b | 5.1x | 8.1x | 0.5x |
| Wed, 27 Sep 2023 | €72.1b | €156.3b | €12.9b | 5.1x | 5.6x | 0.5x |
| Fri, 25 Aug 2023 | €69.1b | €156.0b | €12.7b | 5.2x | 5.4x | 0.4x |
| Sun, 23 Jul 2023 | €64.5b | €158.1b | €16.1b | 4.9x | 4x | 0.4x |
| Tue, 20 Jun 2023 | €64.4b | €158.3b | €16.2b | 15.4x | 4x | 0.4x |
| Thu, 18 May 2023 | €61.2b | €158.4b | €16.2b | 4.3x | 3.8x | 0.4x |
| Sat, 15 Apr 2023 | €64.0b | €161.1b | €16.6b | 5.6x | 3.8x | 0.4x |
| Mon, 13 Mar 2023 | €68.3b | €170.0b | €16.4b | 4x | 4.2x | 0.4x |
| Wed, 08 Feb 2023 | €69.6b | €162.9b | €17.5b | 6.3x | 4x | 0.4x |
| Fri, 06 Jan 2023 | €68.3b | €163.1b | €17.6b | 5.8x | 3.9x | 0.4x |
| Sun, 04 Dec 2022 | €69.6b | €163.1b | €17.6b | 5.8x | 4x | 0.4x |
| Tue, 01 Nov 2022 | €67.6b | €162.4b | €17.3b | 3x | 3.9x | 0.4x |
| Thu, 29 Sep 2022 | €55.9b | €141.0b | €12.3b | 3.1x | 4.5x | 0.4x |
| Sat, 27 Aug 2022 | €62.8b | €140.7b | €12.2b | 6.5x | 5.1x | 0.4x |
| Mon, 25 Jul 2022 | €56.3b | €120.6b | €7.5b | 9.9x | 7.5x | 0.5x |
| Wed, 22 Jun 2022 | €61.0b | €120.3b | €7.5b | 11.1x | 8.2x | 0.5x |
| Fri, 20 May 2022 | €69.4b | €120.3b | €7.4b | 11.5x | 9.3x | 0.6x |
| Sun, 17 Apr 2022 | €70.4b | €99.8b | €5.4b | 35x | 13x | 0.7x |
| Tue, 15 Mar 2022 | €62.7b | €98.4b | €5.6b | 11.2x | 11.1x | 0.6x |
| Thu, 10 Feb 2022 | €62.5b | €82.2b | €764.8m | 24.8x | 81.7x | 0.8x |
| Sat, 08 Jan 2022 | €59.7b | €82.3b | €770.8m | 22.8x | 77.4x | 0.7x |
| Mon, 06 Dec 2021 | €55.8b | €82.3b | €774.1m | 21.2x | 72.1x | 0.7x |
| Wed, 03 Nov 2021 | €59.1b | €80.6b | €494.9m | 29x | 119.5x | 0.7x |
| Fri, 01 Oct 2021 | €55.2b | €71.7b | -€1,028,673,122.00 | 26.3x | -53.6x | 0.8x |
| Sun, 29 Aug 2021 | €50.4b | €71.6b | -€1,037,560,941.00 | 25.5x | -48.6x | 0.7x |
| Mon, 05 Jul 2021 | €50.6b | €71.6b | -€1,037,560,941.00 | 27.2x | -48.8x | 0.7x |
| Thu, 08 Apr 2021 | €52.0b | €61.8b | -€5,970,962,016.00 | 65.7x | -8.7x | 0.8x |
| Sun, 10 Jan 2021 | €41.4b | €62.3b | -€10,618,444,185.00 | 8.2x | -3.9x | 0.7x |
Price to Earnings Ratio
-2.5x
Current Industry PE
- Investors are optimistic on the Italian Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.1x which is higher than its 3-year average PE of 4.6x.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 27% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Energy sector?
| IT Market | -0.83% | |
| Energy | -0.33% | |
| Oil and Gas | 0.80% | |
| Energy Services | -3.12% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 2.0%, which is less than its past year's earnings decline of 43.6%.
- Investors are most pessimistic about the Energy Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Oil and Gas industry since they expect its earnings to decline by only 2.0% per year over the next 5 years, which isn't as bad as the other industries.
- In contrast, the Energy Services industry is expected to see its earnings decline by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SRS Saras | €1.38 | 4.1% +€52.3m | 12.9% | PE5.3x | |
| DIS d'Amico International Shipping | €4.77 | 3.8% +€21.0m | 64.0% | PE2.8x | |
| SPM Saipem | €1.43 | 0.3% +€8.0m | 45.5% | PS0.3x |
