WallStSmart

National Energy Services Reunited Corp Ordinary Shares (NESR)vsTenaris SA ADR (TS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Tenaris SA ADR generates 805% more annual revenue ($11.98B vs $1.32B). TS leads profitability with a 16.1% profit margin vs 3.9%. TS trades at a lower P/E of 15.6x. TS earns a higher WallStSmart Score of 51/100 (C-).

NESR

Hold

42

out of 100

Grade: D

Growth: 6.0Profit: 5.0Value: 5.7Quality: 5.5
Piotroski: 1/9Altman Z: 1.61

TS

Buy

51

out of 100

Grade: C-

Growth: 6.0Profit: 7.0Value: 4.7Quality: 7.3
Piotroski: 3/9Altman Z: 5.33
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NESRSignificantly Overvalued (-504.2%)

Margin of Safety

-504.2%

Fair Value

$3.54

Current Price

$22.35

$18.81 premium

UndervaluedFair: $3.54Overvalued
TSSignificantly Overvalued (-95.5%)

Margin of Safety

-95.5%

Fair Value

$24.89

Current Price

$57.18

$32.29 premium

UndervaluedFair: $24.89Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NESR2 strengths · Avg: 8.0/10
Price/BookValuation
2.3x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
15.9%8/10

15.9% revenue growth

TS2 strengths · Avg: 9.0/10
Altman Z-ScoreHealth
5.3310/10

Safe zone — low bankruptcy risk

P/E RatioValuation
15.6x8/10

Attractively priced relative to earnings

Areas to Watch

NESR4 concerns · Avg: 3.5/10
P/E RatioValuation
39.7x4/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.614/10

Distress zone — elevated risk

Return on EquityProfitability
5.5%3/10

ROE of 5.5% — below average capital efficiency

Profit MarginProfitability
3.9%3/10

3.9% margin — thin

TS3 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
3.152/10

Expensive relative to growth rate

EPS GrowthGrowth
-6.4%2/10

Earnings declined 6.4%

Comparative Analysis Report

WallStSmart Research

Bull Case : NESR

The strongest argument for NESR centers on Price/Book, Revenue Growth. Revenue growth of 15.9% demonstrates continued momentum.

Bull Case : TS

The strongest argument for TS centers on Altman Z-Score, P/E Ratio. Profitability is solid with margins at 16.1% and operating margin at 18.5%.

Bear Case : NESR

The primary concerns for NESR are P/E Ratio, Altman Z-Score, Return on Equity. Thin 3.9% margins leave little buffer for downturns.

Bear Case : TS

The primary concerns for TS are Piotroski F-Score, PEG Ratio, EPS Growth.

Key Dynamics to Monitor

NESR profiles as a growth stock while TS is a mature play — different risk/reward profiles.

TS carries more volatility with a beta of 0.61 — expect wider price swings.

NESR is growing revenue faster at 15.9% — sustainability is the question.

TS generates stronger free cash flow (666M), providing more financial flexibility.

Bottom Line

TS scores higher overall (51/100 vs 42/100), backed by strong 16.1% margins. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

National Energy Services Reunited Corp Ordinary Shares

ENERGY · OIL & GAS EQUIPMENT & SERVICES · USA

National Energy Services Reunited Corp. The company is headquartered in Houston, Texas.

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Tenaris SA ADR

ENERGY · OIL & GAS EQUIPMENT & SERVICES · USA

Tenaris SA produces and sells welded and seamless tubular steel products; and provides related services for the oil and gas industry and other industrial applications. The company is headquartered in Luxembourg, Luxembourg.

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