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Tenax International S.p.A. (TNX) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Tenax International S.p.A. €1.08, price €0.75, upside +45.0%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

Fair value above price? Yes
Good quality? No
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Consumer Cyclical · IT · ISIN IT0005428898

TI Thin data Sep 23, 2026

Tenax International S.p.A.

TNX · MI

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value €1.08 · Undervalued (+45%)

!Quality 35/100

!Weak Growth (revenue 5y +12.8 %/yr)

!Loss-making · -13.8% net margin (TTM)

!Moderate debt · negative free cash flow

!Mixed vs. peers (4/10)

!Narrow moat 9/100

!Evidence only low, so the estimate is less certain

!The models disagree: range €0.2200 to €3.30

!Weak on future: 28 out of 100

26 models, one by oneBear €0.2200 to bull €3.30 Growth analysisrevenue history, year by year Quality 35/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range €0.7450 – €49.88 · fair‑value band €0.2200 – €3.30 · the €0.7450 price screens below the €1.08 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Tenax International S.p.A. engages in the design and production of low-voltage electric road sweepers and street washers in Italy and internationally. The company offers manual street sweepers, electric urban vacuums, and pre-owned street washers and road sweepers; and provides repair and maintenance services, as well as spare parts. Its products are used in urban and metropolitan, commercial and tourist, and indoor and industrial applications. The company was founded in 2003 and is based in Rio Saliceto, Italy.

Stock analysis

Tenax International S.p.A. (TNX) currently trades at €0.7450, while our model-based Fair Value estimate is €1.08, implying the stock looks roughly 31.0% undervalued today.

Valuation

Bull case: the Asset-Based group reads highest at a median of €0.9700 per share, and 3 of the 4 models we run sit above the €0.7450 price.

Bear case: the Multiples group reads lowest at €0.7500, and 1 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: €0.2200 (bear) to €3.30 (bull), the price of €0.7450 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 35/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Tenax International S.p.A. reported revenue of €14.4M in FY2025 versus €10.4M in FY2021, a compound +8.5%/yr. Reported net income was −€2.1M in FY2025.

Key figures

Market cap €4.4M · P/S ratio 0.25 · EPS (TTM) €−0.5600 · Net margin −14.3% · Return on equity −41.8% · Return on assets (EBIT) 3.4% · Operating margin −16.9% · Revenue (TTM) €17.9M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 65% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −2% fair-value upside, at 45%, TNX screens cheaper than that median.

Fair Value models

Bear €0.2200 Fair Value €1.08 Bull €3.30

Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.

Highest evidence

EV/EBITDA €2.22 €3.32 €4.43 66

EV/EBIT €0.2900 €0.7500 €1.22 61

NCAV (Graham) €0.7200 €0.9700 €1.45 54

All 4 models by family

Multiples

EV/EBIT €0.2900 €0.7500 €1.22 61

EV/EBITDA €2.22 €3.32 €4.43 66

EV/Revenue n/a €0.2400 €0.6400 50

Asset-Based

NCAV (Graham) €0.7200 €0.9700 €1.45 54

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Quality Score breakdown

Overall quality 35/100

Of which business quality 35 · Market factors (momentum, volatility) 16

Profitability 21

Margins and returns on capital today

Quality Growth 40

Are margins and returns improving?

Cashflow 28

Earnings quality: real cash, not paper profit

Fin. Strength 7

Balance sheet, leverage, solvency risk

Investment 72

Disciplined investing over empire-building

Low Volatility 50

Calm price path (market factor)

Momentum 2

Price trend over the last 3–12 months (market factor)

52W Momentum 0

Distance to the 52-week high (market factor)

Net Issuance 74

Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 36/100

Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Revenue growth 1 year

−33.6%

Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

−5.3%

Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

+12.8%

Start year 2020 (pandemic)

Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

+8.9%

’18

’19

’20

’21

’22

’23

’24

’25

Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.

5.3% (2020) → 2.6% (2025)

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss

not computed

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Compare Tenax International S.p.A. with another stock

Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Manufacturers · 116 stocks

Beats the industry median on 4/9 measures

A mixed picture versus its industry peers.

Valuation

Quality Score 35 · Bottom 25%

Fair Value upside +45% · Above median

Profitability

Return on assets −5% · Bottom 25%

Net margin (TTM) −14% · Bottom 25%

Operating margin (TTM) −17% · Bottom 25%

Growth and dividend

Revenue growth 6% · Above median

Balance sheet

Debt / equity 0.88× · Highest 25%

Valuation Multiplesvs Auto Manufacturers median · lower = cheaper

P/B 0.93× · Cheaper than median

P/S (TTM) 0.28× · Cheapest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)93 · sector 47

FUTURE (revenue growth)28 · sector 27

PAST (return on equity)0 · sector 21

HEALTH (low debt)56 · sector 93

DIVIDEND (yield)0 · sector 54

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value
Tesla, Inc TSLA	$377.94	$40.97	−89%
Toyota Motor Corporation TM	$186.72	$210.48	+13%
BYD Company 002594	¥84.34	¥61.43	−27%
Hyundai Motor Company 005380	353,500 KRW	363,952 KRW	+3%
General Motors Company GM	$83.77	$61.21	−27%
Ferrari N.V RACE	$413.05	$454.36	+10%
Ford Motor Company F	$12.94	$12.62	−2%
Mercedes-Benz Group MBG	€41.25	€106.88	+159%
Dr. Ing. h.c. F. Porsche AG P911	€45.32	€21.98	−52%
Maruti Suzuki India Limited MARUTI	₹12,230	₹8,236	−33%

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Tenax International S.p.A. · Fair Value
€1.08 +31%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/TNX" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Tenax International S.p.A. · Fair Value</span><br><b style="font-size:20px">€1.08</b> <span style="color:var(--fvc-g-mitte);font-weight:700;font-size:14px">+31%</span></span><span style="font-size:11px;color:var(--fvc-g-mitte);font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Tenax International S.p.A. Fair Value". https://www.fairvalue-calculator.com/stock/TNX

Frequently asked questions

Is Tenax International S.p.A. (TNX) overvalued or undervalued?

As of Sep 23, 2026, our model estimates a fair value of €1.08 versus a price of €0.7450, about +45% upside (undervalued).

What is the fair value of TNX?

Our model-based fair value for Tenax International S.p.A. is €1.08 (as of Sep 23, 2026), built from audited fundamentals. The current price: €0.7450.

What is the quality score of TNX?

Tenax International S.p.A. has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.

What is the price target for Tenax International S.p.A. (TNX)?

Our model-based price target is the fair value of €1.08 (as of Sep 23, 2026) from 4 valuation models. Cautious scenario €0.2200, optimistic scenario €3.30. It is a calculation from audited fundamentals, not an analyst target.

What is the Tenax International S.p.A. stock forecast for 2026?

Our models put fair value at €1.08, about +45% upside versus a price of €0.7450 (undervalued). Cautious scenario €0.2200, optimistic scenario €3.30. The calculation is refreshed regularly with new filings.

What is the revenue of Tenax International S.p.A. (TNX)?

Tenax International S.p.A. reported trailing-twelve-month revenue of about €17.9M (latest available figure, as of Sep 23, 2026).

What is the intrinsic value of Tenax International S.p.A. (TNX)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tenax International S.p.A. it is €1.08 per share (as of Sep 23, 2026), against a price of €0.7450. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).

Is Tenax International S.p.A. stock overvalued or undervalued in 2026?

As of Sep 23, 2026, TNX trades below its calculated fair value: price €0.7450, fair value €1.08, a gap of about +45% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.

Is fair value the same as the market price of TNX?

No. The price is what the market pays today (€0.7450); the fair value is what the company's own numbers justify (€1.08). For Tenax International S.p.A. the two are €0.3350 per share apart. That gap is exactly why we show both numbers side by side.

How much is Tenax International S.p.A. worth?

The market values Tenax International S.p.A. at about €4.4M (market capitalisation, as of Sep 23, 2026). Per share that is €0.7450; our models calculate a fair value of €1.08 per share.

What do the bullish and bearish scenarios say about TNX?

Our models span a range for Tenax International S.p.A.: cautious scenario €0.2200, base €1.08, optimistic €3.30 per share (as of Sep 23, 2026, price €0.7450). The range comes from different growth and margin assumptions, not from analyst opinions.

How solid is the balance sheet of Tenax International S.p.A. (TNX)?

Balance-sheet figures for Tenax International S.p.A. (as of Sep 23, 2026): return on equity −41.8%, debt of 0.88 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.

How far is TNX from its 52-week high?

Tenax International S.p.A. trades at €0.7450, about 65% below its 52-week high of €2.14 and at the low of €0.7450 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €1.08 is for.

Which stocks are comparable to Tenax International S.p.A.?

From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, Hyundai Motor Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.

Is Tenax International S.p.A. stock attractive at the current price?

The data as of Sep 23, 2026: price €0.7450, calculated fair value €1.08 (+45%), Quality Score 35/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.

How is the fair value of TNX calculated?

We run Tenax International S.p.A. through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €1.08, with the spread shown as a cautious and an optimistic scenario.

Is it still worth investing in stocks now?

The global stock market currently sits 14.0 % above its aggregate fair value. Tenax International S.p.A. currently trades 45 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.

What is the share price of Tenax International S.p.A. (TNX)?

The closing price on Sep 24, 2026 was €0.7450. Our model-based fair value is €1.08, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Tenax International S.p.A. right now?

The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (€0.2200 to €3.30). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Tenax International S.p.A.

How large is the market capitalisation of Tenax International S.p.A. (TNX)?

The market capitalisation of Tenax International S.p.A. is €4.4M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.

What is the P/S ratio of Tenax International S.p.A. (TNX)?

The price-to-sales ratio of Tenax International S.p.A. is 0.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.

What are the earnings per share of Tenax International S.p.A. (TNX)?

Earnings per share at Tenax International S.p.A. are €−0.5600. Earnings per share over the last twelve months: total profit spread across every single share.

What is the net margin of Tenax International S.p.A. (TNX)?

The net margin of Tenax International S.p.A. is −14.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.

What is the return on equity of Tenax International S.p.A. (TNX)?

The return on equity (ROE) of Tenax International S.p.A. is −41.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.

What is the EBIT return on assets of Tenax International S.p.A. (TNX)?

On an EBIT basis the return on assets of Tenax International S.p.A. is 3.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.

What is the operating margin of Tenax International S.p.A. (TNX)?

The operating margin of Tenax International S.p.A. is −16.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Tenax International S.p.A. (TNX)?

Revenue at Tenax International S.p.A. is growing +5.6% versus a year earlier (3y avg −5.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.

How fast are earnings growing at Tenax International S.p.A. (TNX)?

Earnings per share at Tenax International S.p.A. are growing −1.3% versus a year earlier. How much earnings per share grew versus a year earlier.

How much free cash flow does Tenax International S.p.A. (TNX) generate?

The free cash flow of Tenax International S.p.A. is −€5.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.

How much net debt does Tenax International S.p.A. (TNX) carry?

The net debt of Tenax International S.p.A. is €14.3M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.

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