10 Cash-Rich Undervalued Stocks To Invest In

8. Tenaris S.A. (NYSE:TS)

P/E Ratio as of March 3: 10.09

TTM Operating Cash Flow as of December 31, 2024: $3,209,725,000

Number of Hedge Fund Holders: 33

Tenaris S.A. (NYSE:TS) is a global manufacturer and supplier of steel pipes used in the energy industry and other industrial applications. It produces casings, tubing, line pipes, and specialized pipes for drilling, transport, and construction. The company also offers oilfield services and coating solutions. On December 16, ExxonMobil named Tenaris S.A. (NYSE:TS) its 2024 Supplier of the Year, recognizing its strong performance and reliability. A longtime partner, Tenaris supplies OCTG solutions and Rig Direct services for ExxonMobil’s US operations and supports its drilling projects worldwide, including deepwater exploration.

In the fourth quarter of 2024, Tenaris S.A. (NYSE:TS) reported sales of $2.8 billion, a 17% drop year-over-year and a 2% decline sequentially. The decrease was primarily due to lower volumes and selling prices, though a favorable product mix offset some of the price declines in North America. By the end of 2024, the company recorded an EBITDA of $3.1 billion and a net income of $2.1 billion on total sales of $12.5 billion. Free cash flow reached $2.2 billion, all of which was returned to shareholders through dividends and share buybacks. Tenaris is proposing a 38% increase in the annual dividend per share compared to last year, while retaining a net cash position of $3.6 billion.

According to Insider Monkey’s fourth quarter database, 33 hedge funds were bullish on Tenaris S.A. (NYSE:TS), up from 22 funds in the prior quarter. Israel Englander’s Millennium Management was the top stakeholder of the company, with 2.8 million shares worth $106.4 million.