TENABLE HOLDINGS INC (TENB)
US88025T1025 - Common Stock
Taking everything into account, TENB scores 4 out of 10 in our fundamental rating. TENB was compared to 277 industry peers in the Software industry. The financial health of TENB is average, but there are quite some concerns on its profitability. TENB is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
TENB had positive earnings in the past year.
In the past year TENB had a positive cash flow from operations.
TENB had negative earnings in each of the past 5 years.
Of the past 5 years TENB 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -4.32%, TENB is in line with its industry, outperforming 55.80% of the companies in the same industry.
With a Return On Equity value of -18.84%, TENB perfoms like the industry average, outperforming 48.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.32% | ||
| ROE | -18.84% | ||
| ROIC | N/A |
ROA(3y)-5.01%
ROA(5y)-7.78%
ROE(3y)-26.11%
ROE(5y)-41.35%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
TENB has a Gross Margin of 77.36%. This is in the better half of the industry: TENB outperforms 74.64% of its industry peers.
TENB's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for TENB so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 77.36% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.23%
GM growth 5Y-1.68%
2. Health
2.1 Basic Checks
TENB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for TENB has been increased compared to 1 year ago.
Compared to 5 years ago, TENB has more shares outstanding
Compared to 1 year ago, TENB has an improved debt to assets ratio.
2.2 Solvency
TENB has an Altman-Z score of 2.43. This is not the best score and indicates that TENB is in the grey zone with still only limited risk for bankruptcy at the moment.
TENB's Altman-Z score of 2.43 is in line compared to the rest of the industry. TENB outperforms 53.62% of its industry peers.
The Debt to FCF ratio of TENB is 2.39, which is a good value as it means it would take TENB, 2.39 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.39, TENB is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 1.00 indicates that TENB is somewhat dependend on debt financing.
TENB has a Debt to Equity ratio of 1.00. This is in the lower half of the industry: TENB underperforms 75.72% of its industry peers.
Although TENB does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 2.39 | ||
| Altman-Z | 2.43 |
ROIC/WACCN/A
WACC9.81%
2.3 Liquidity
TENB has a Current Ratio of 1.23. This is a normal value and indicates that TENB is financially healthy and should not expect problems in meeting its short term obligations.
TENB's Current ratio of 1.23 is on the low side compared to the rest of the industry. TENB is outperformed by 65.22% of its industry peers.
TENB has a Quick Ratio of 1.23. This is a normal value and indicates that TENB is financially healthy and should not expect problems in meeting its short term obligations.
TENB has a Quick ratio of 1.23. This is in the lower half of the industry: TENB underperforms 63.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
TENB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 120.93%, which is quite impressive.
The Earnings Per Share has been growing by 68.27% on average over the past years. This is a very strong growth
TENB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.88%.
Measured over the past years, TENB shows a very strong growth in Revenue. The Revenue has been growing by 24.46% on average per year.
EPS 1Y (TTM)120.93%
EPS 3Y68.27%
EPS 5YN/A
EPS growth Q2Q127.27%
Revenue 1Y (TTM)15.88%
Revenue growth 3Y21.97%
Revenue growth 5Y24.46%
Revenue growth Q2Q14.39%
3.2 Future
The Earnings Per Share is expected to grow by 27.16% on average over the next years. This is a very strong growth
Based on estimates for the next years, TENB will show a quite strong growth in Revenue. The Revenue will grow by 17.56% on average per year.
EPS Next Y35.95%
EPS Next 2Y29.54%
EPS Next 3Y30.07%
EPS Next 5Y27.16%
Revenue Next Year13.89%
Revenue Next 2Y13.9%
Revenue Next 3Y15.36%
Revenue Next 5Y17.56%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 46.32, TENB can be considered very expensive at the moment.
TENB's Price/Earnings ratio is a bit cheaper when compared to the industry. TENB is cheaper than 65.22% of the companies in the same industry.
TENB's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.60.
Based on the Price/Forward Earnings ratio of 32.37, the valuation of TENB can be described as expensive.
Based on the Price/Forward Earnings ratio, TENB is valued a bit cheaper than 63.04% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.15. TENB is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.32 | ||
| Fwd PE | 32.37 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as TENB.
71.38% of the companies in the same industry are more expensive than TENB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.62 | ||
| EV/EBITDA | 1963.48 |
4.3 Compensation for Growth
TENB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TENB's earnings are expected to grow with 30.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.29
PEG (5Y)N/A
EPS Next 2Y29.54%
EPS Next 3Y30.07%
5. Dividend
5.1 Amount
TENB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TENABLE HOLDINGS INC
NASDAQ:TENB (5/17/2024, 7:00:01 PM)
After market: 44 0 (0%)44
-0.26 (-0.59%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.32 | ||
| Fwd PE | 32.37 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.29
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.32% | ||
| ROE | -18.84% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 77.36% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)120.93%
EPS 3Y68.27%
EPS 5Y
EPS growth Q2Q
EPS Next Y35.95%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)15.88%
Revenue growth 3Y21.97%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y