TENABLE HOLDINGS INC (TENB) Stock Fundamental Analysis
NASDAQ:TENB - Nasdaq - US88025T1025 - Common Stock - Currency: USD
TENB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 285 industry peers in the Software industry. Both the profitability and the financial health of TENB get a neutral evaluation. Nothing too spectacular is happening here. TENB is growing strongly while it is still valued neutral. This is a good combination!
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.
In the past 5 years TENB always reported negative net income.
TENB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TENB has a Return On Assets (-2.08%) which is in line with its industry peers.
TENB has a Return On Equity of -9.08%. This is comparable to the rest of the industry: TENB outperforms 50.18% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.09%, TENB is in the better half of the industry, outperforming 64.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.08% | ||
| ROE | -9.08% | ||
| ROIC | 0.09% |
ROA(3y)-4.45%
ROA(5y)-4.66%
ROE(3y)-21.9%
ROE(5y)-23.15%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Operating Margin, with a value of 0.13%, TENB is in the better half of the industry, outperforming 64.56% of the companies in the same industry.
With a decent Gross Margin value of 77.82%, TENB is doing good in the industry, outperforming 76.14% of the companies in the same industry.
In the last couple of years the Gross Margin of TENB has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.13% | ||
| PM (TTM) | N/A | ||
| GM | 77.82% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.06%
GM growth 5Y-1.25%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TENB is destroying value.
Compared to 1 year ago, TENB has more shares outstanding
TENB has more shares outstanding than it did 5 years ago.
The debt/assets ratio for TENB has been reduced compared to a year ago.
2.2 Solvency
TENB has an Altman-Z score of 1.60. This is a bad value and indicates that TENB is not financially healthy and even has some risk of bankruptcy.
TENB has a Altman-Z score of 1.60. This is comparable to the rest of the industry: TENB outperforms 48.42% of its industry peers.
TENB has a debt to FCF ratio of 1.74. This is a very positive value and a sign of high solvency as it would only need 1.74 years to pay back of all of its debts.
The Debt to FCF ratio of TENB (1.74) is better than 68.07% of its industry peers.
TENB has a Debt/Equity ratio of 0.89. This is a neutral value indicating TENB is somewhat dependend on debt financing.
TENB's Debt to Equity ratio of 0.89 is on the low side compared to the rest of the industry. TENB is outperformed by 72.98% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 1.74 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.01
WACC10.82%
2.3 Liquidity
A Current Ratio of 1.27 indicates that TENB should not have too much problems paying its short term obligations.
TENB has a Current ratio (1.27) which is comparable to the rest of the industry.
TENB has a Quick Ratio of 1.27. This is a normal value and indicates that TENB is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.27, TENB is in line with its industry, outperforming 40.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.27 |
3. Growth
3.1 Past
TENB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 59.26%, 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 55.97% on average per year.
TENB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.70%.
TENB shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.48% yearly.
EPS 1Y (TTM)59.26%
EPS 3Y55.97%
EPS 5YN/A
EPS Q2Q%64%
Revenue 1Y (TTM)12.7%
Revenue growth 3Y18.48%
Revenue growth 5Y20.48%
Sales Q2Q%10.51%
3.2 Future
Based on estimates for the next years, TENB will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.03% on average per year.
The Revenue is expected to grow by 9.20% on average over the next years. This is quite good.
EPS Next Y17.76%
EPS Next 2Y18.04%
EPS Next 3Y18.65%
EPS Next 5Y16.03%
Revenue Next Year9.41%
Revenue Next 2Y9.06%
Revenue Next 3Y9.07%
Revenue Next 5Y9.2%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.60, TENB is valued on the expensive side.
TENB's Price/Earnings ratio is a bit cheaper when compared to the industry. TENB is cheaper than 69.82% of the companies in the same industry.
TENB's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.63.
TENB is valuated rather expensively with a Price/Forward Earnings ratio of 20.04.
Based on the Price/Forward Earnings ratio, TENB is valued a bit cheaper than 76.49% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.85. TENB is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.6 | ||
| Fwd PE | 20.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TENB is valued a bit cheaper than 60.70% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TENB is valued cheaper than 81.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.7 | ||
| EV/EBITDA | 92.95 |
4.3 Compensation for Growth
The 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 18.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.33
PEG (5Y)N/A
EPS Next 2Y18.04%
EPS Next 3Y18.65%
5. Dividend
5.1 Amount
No dividends for TENB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
30.45
-0.99 (-3.15%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners93.02%
Inst Owner Change-0.03%
Ins Owners0.79%
Ins Owner Change0.22%
Market Cap3.66B
Analysts76.3
Price Target49.74 (63.35%)
Short Float %3.17%
Short Ratio3.27
Dividend
| Industry Rank | Sector 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)11.67%
Min EPS beat(2)6.33%
Max EPS beat(2)17.02%
EPS beat(4)4
Avg EPS beat(4)23.06%
Min EPS beat(4)6.33%
Max EPS beat(4)40.35%
EPS beat(8)8
Avg EPS beat(8)65.15%
EPS beat(12)12
Avg EPS beat(12)110.87%
EPS beat(16)16
Avg EPS beat(16)117.04%
Revenue beat(2)0
Avg Revenue beat(2)-0.24%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)-0.21%
Revenue beat(4)0
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-0.87%
Max Revenue beat(4)-0.21%
Revenue beat(8)2
Avg Revenue beat(8)-0.21%
Revenue beat(12)4
Avg Revenue beat(12)-0.06%
Revenue beat(16)8
Avg Revenue beat(16)0.26%
PT rev (1m)-2.01%
PT rev (3m)-0.46%
EPS NQ rev (1m)-0.88%
EPS NQ rev (3m)-12.78%
EPS NY rev (1m)-2.01%
EPS NY rev (3m)2.78%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-0.86%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.6 | ||
| Fwd PE | 20.04 | ||
| P/S | 4.07 | ||
| P/FCF | 17.7 | ||
| P/OCF | 16.83 | ||
| P/B | 9.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 92.95 |
EPS(TTM)1.29
EY4.24%
EPS(NY)1.52
Fwd EY4.99%
FCF(TTM)1.72
FCFY5.65%
OCF(TTM)1.81
OCFY5.94%
SpS7.49
BVpS3.33
TBVpS-1.96
PEG (NY)1.33
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.08% | ||
| ROE | -9.08% | ||
| ROCE | 0.11% | ||
| ROIC | 0.09% | ||
| ROICexc | 0.21% | ||
| ROICexgc | N/A | ||
| OM | 0.13% | ||
| PM (TTM) | N/A | ||
| GM | 77.82% | ||
| FCFM | 22.97% |
ROA(3y)-4.45%
ROA(5y)-4.66%
ROE(3y)-21.9%
ROE(5y)-23.15%
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-1.06%
GM growth 5Y-1.25%
F-Score8
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 1.74 | ||
| Debt/EBITDA | 10.38 | ||
| Cap/Depr | 32.21% | ||
| Cap/Sales | 1.19% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 633.03% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 1.6 |
F-Score8
WACC10.82%
ROIC/WACC0.01
Cap/Depr(3y)50.18%
Cap/Depr(5y)76.56%
Cap/Sales(3y)1.69%
Cap/Sales(5y)2.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)59.26%
EPS 3Y55.97%
EPS 5YN/A
EPS Q2Q%64%
EPS Next Y17.76%
EPS Next 2Y18.04%
EPS Next 3Y18.65%
EPS Next 5Y16.03%
Revenue 1Y (TTM)12.7%
Revenue growth 3Y18.48%
Revenue growth 5Y20.48%
Sales Q2Q%10.51%
Revenue Next Year9.41%
Revenue Next 2Y9.06%
Revenue Next 3Y9.07%
Revenue Next 5Y9.2%
EBIT growth 1Y103%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year34.05%
EBIT Next 3Y22.22%
EBIT Next 5Y-1.35%
FCF growth 1Y46.55%
FCF growth 3Y31.86%
FCF growth 5YN/A
OCF growth 1Y45.12%
OCF growth 3Y30.97%
OCF growth 5YN/A