TS FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
TS's fcf yield is right around its 10-year median of 6.3%.
FCF Yield History
TS FCF Yield by year
Yearly range of TS’s fcf yield from 2016 to 2026. Over the full period it ranged from -4.4% to 26.3%, averaging 6.8%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 5.7% | 6.7% | 9.9% | 6.0% |
| 2025 | 7.5% | 9.8% | 12.6% | 10.1% |
| 2024 | 10.4% | 17.4% | 21.4% | 10.4% |
| 2023 | 3.5% | 11.4% | 19.9% | 17.2% |
| 2022 | -1.7% | 0.3% | 2.3% | 1.7% |
| 2021 | -1.0% | 5.4% | 14.9% | -1.0% |
| 2020 | 8.6% | 16.4% | 26.3% | 14.1% |
| 2019 | 1.6% | 5.7% | 9.8% | 8.9% |
| 2018 | -3.1% | -1.6% | 2.1% | 2.1% |
| 2017 | -4.4% | -1.7% | 0.6% | -3.6% |
| 2016 | 1.1% | 1.5% | 2.9% | 1.1% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is TS FCF Yield High or Low Right Now?
Tenaris S.A.'s FCF Yield is currently 6.0%, which is around average relative to its 10-year historical range. The 10-year median FCF Yield for TS is approximately 6.3%. See all TS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.