Logo image of TENB

TENABLE HOLDINGS INC (TENB) Stock Fundamental Analysis

NASDAQ:TENB - Nasdaq - US88025T1025 - Common Stock - Currency: USD

43.02  0 (0%)

Fundamental Rating

4

TENB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 284 industry peers in the Software industry. While TENB seems to be doing ok healthwise, 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!


Dividend Valuation Growth Profitability Health

Quickly go to:

2

1. Profitability

1.1 Basic Checks

In the past year TENB was profitable.
In the past year TENB had a positive cash flow from operations.
TENB had negative earnings in each of the past 5 years.
TENB had a positive operating cash flow in 4 of the past 5 years.
TENB Yearly Net Income VS EBIT VS OCF VS FCFTENB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

1.2 Ratios

TENB has a Return On Assets of -3.66%. This is comparable to the rest of the industry: TENB outperforms 52.35% of its industry peers.
With a Return On Equity value of -14.79%, TENB perfoms like the industry average, outperforming 45.85% of the companies in the same industry.
Industry RankSector Rank
ROA -3.66%
ROE -14.79%
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
TENB Yearly ROA, ROE, ROICTENB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1K 2K 3K 4K

1.3 Margins

Looking at the Gross Margin, with a value of 77.55%, TENB is in the better half of the industry, outperforming 72.92% of the companies in the same industry.
In the last couple of years the Gross Margin of TENB has declined.
TENB does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 77.55%
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%
TENB Yearly Profit, Operating, Gross MarginsTENB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50

More info and screens

4

2. Health

2.1 Basic Checks

TENB does not have a ROIC to compare to the WACC, probably because it is not profitable.
TENB has more shares outstanding than it did 1 year ago.
TENB has more shares outstanding than it did 5 years ago.
TENB has a better debt/assets ratio than last year.
TENB Yearly Shares OutstandingTENB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
TENB Yearly Total Debt VS Total AssetsTENB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

An Altman-Z score of 2.42 indicates that TENB is not a great score, but indicates only limited risk for bankruptcy at the moment.
TENB has a Altman-Z score of 2.42. This is comparable to the rest of the industry: TENB outperforms 46.93% of its industry peers.
TENB has a debt to FCF ratio of 2.19. This is a good value and a sign of high solvency as TENB would need 2.19 years to pay back of all of its debts.
The Debt to FCF ratio of TENB (2.19) is better than 65.70% of its industry peers.
A Debt/Equity ratio of 0.88 indicates that TENB is somewhat dependend on debt financing.
TENB has a Debt to Equity ratio of 0.88. This is in the lower half of the industry: TENB underperforms 75.81% of its industry peers.
Even though the debt/equity ratio score it not favorable for TENB, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.19
Altman-Z 2.42
ROIC/WACCN/A
WACC10.82%
TENB Yearly LT Debt VS Equity VS FCFTENB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.28 indicates that TENB should not have too much problems paying its short term obligations.
With a Current ratio value of 1.28, TENB is not doing good in the industry: 61.01% of the companies in the same industry are doing better.
A Quick Ratio of 1.28 indicates that TENB should not have too much problems paying its short term obligations.
The Quick ratio of TENB (1.28) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.28
Quick Ratio 1.28
TENB Yearly Current Assets VS Current LiabilitesTENB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

More info and screens

8

3. Growth

3.1 Past

TENB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 66.18%, which is quite impressive.
Measured over the past years, TENB shows a very strong growth in Earnings Per Share. The EPS has been growing by 68.27% on average per year.
The Revenue has grown by 13.99% in the past year. This is quite good.
The Revenue has been growing by 24.46% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)66.18%
EPS 3Y68.27%
EPS 5YN/A
EPS Q2Q%39.13%
Revenue 1Y (TTM)13.99%
Revenue growth 3Y21.97%
Revenue growth 5Y24.46%
Sales Q2Q%12.68%

3.2 Future

The Earnings Per Share is expected to grow by 23.81% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 12.34% on average over the next years. This is quite good.
EPS Next Y54.23%
EPS Next 2Y35.08%
EPS Next 3Y29.65%
EPS Next 5Y23.81%
Revenue Next Year13.15%
Revenue Next 2Y11.38%
Revenue Next 3Y10.88%
Revenue Next 5Y12.34%

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
TENB Yearly Revenue VS EstimatesTENB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B 2B
TENB Yearly EPS VS EstimatesTENB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 1 2 3 4

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 38.07, the valuation of TENB can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of TENB indicates a somewhat cheap valuation: TENB is cheaper than 67.15% of the companies listed in the same industry.
TENB is valuated rather expensively when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 29.11, TENB can be considered very expensive at the moment.
71.12% of the companies in the same industry are more expensive than TENB, based on the Price/Forward Earnings ratio.
TENB is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 38.07
Fwd PE 29.11
TENB Price Earnings VS Forward Price EarningsTENB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

TENB's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TENB indicates a somewhat cheap valuation: TENB is cheaper than 76.90% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 31.48
EV/EBITDA 314.94
TENB Per share dataTENB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as TENB's earnings are expected to grow with 29.65% in the coming years.
PEG (NY)0.7
PEG (5Y)N/A
EPS Next 2Y35.08%
EPS Next 3Y29.65%

More info and screens

0

5. Dividend

5.1 Amount

No dividends for TENB!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

TENABLE HOLDINGS INC

NASDAQ:TENB (2/5/2025, 10:07:47 AM)

43.02

0 (0%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)10-30 2024-10-30/amc
Earnings (Next)02-05 2025-02-05/amc
Inst Owners93.44%
Inst Owner Change0.06%
Ins Owners1.73%
Ins Owner Change0.18%
Market Cap5.17B
Analysts77.86
Price Target50.24 (16.78%)
Short Float %3.07%
Short Ratio3.88
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.42%
Min EPS beat(2)6.33%
Max EPS beat(2)28.52%
EPS beat(4)4
Avg EPS beat(4)37.99%
Min EPS beat(4)6.33%
Max EPS beat(4)76.77%
EPS beat(8)8
Avg EPS beat(8)71.78%
EPS beat(12)12
Avg EPS beat(12)117.46%
EPS beat(16)16
Avg EPS beat(16)122.31%
Revenue beat(2)0
Avg Revenue beat(2)-0.48%
Min Revenue beat(2)-0.7%
Max Revenue beat(2)-0.26%
Revenue beat(4)1
Avg Revenue beat(4)-0.14%
Min Revenue beat(4)-0.87%
Max Revenue beat(4)1.28%
Revenue beat(8)2
Avg Revenue beat(8)-0.21%
Revenue beat(12)5
Avg Revenue beat(12)0.05%
Revenue beat(16)9
Avg Revenue beat(16)0.32%
PT rev (1m)0.54%
PT rev (3m)-4.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.78%
EPS NY rev (1m)0%
EPS NY rev (3m)3.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.38%
Valuation
Industry RankSector Rank
PE 38.07
Fwd PE 29.11
P/S 5.89
P/FCF 31.48
P/OCF 29.57
P/B 12.78
P/tB N/A
EV/EBITDA 314.94
EPS(TTM)1.13
EY2.63%
EPS(NY)1.48
Fwd EY3.44%
FCF(TTM)1.37
FCFY3.18%
OCF(TTM)1.46
OCFY3.38%
SpS7.3
BVpS3.37
TBVpS-1.97
PEG (NY)0.7
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.66%
ROE -14.79%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 77.55%
FCFM 18.71%
ROA(3y)-5.01%
ROA(5y)-7.78%
ROE(3y)-26.11%
ROE(5y)-41.35%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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%
F-Score7
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.19
Debt/EBITDA 23.72
Cap/Depr 32.5%
Cap/Sales 1.21%
Interest Coverage N/A
Cash Conversion 1160.62%
Profit Quality N/A
Current Ratio 1.28
Quick Ratio 1.28
Altman-Z 2.42
F-Score7
WACC10.82%
ROIC/WACCN/A
Cap/Depr(3y)53.03%
Cap/Depr(5y)130.12%
Cap/Sales(3y)1.7%
Cap/Sales(5y)3.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)66.18%
EPS 3Y68.27%
EPS 5YN/A
EPS Q2Q%39.13%
EPS Next Y54.23%
EPS Next 2Y35.08%
EPS Next 3Y29.65%
EPS Next 5Y23.81%
Revenue 1Y (TTM)13.99%
Revenue growth 3Y21.97%
Revenue growth 5Y24.46%
Sales Q2Q%12.68%
Revenue Next Year13.15%
Revenue Next 2Y11.38%
Revenue Next 3Y10.88%
Revenue Next 5Y12.34%
EBIT growth 1Y62.52%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year75.82%
EBIT Next 3Y37.29%
EBIT Next 5YN/A
FCF growth 1Y57.13%
FCF growth 3Y47.58%
FCF growth 5YN/A
OCF growth 1Y44.23%
OCF growth 3Y32.65%
OCF growth 5YN/A