TENABLE HOLDINGS INC (TENB) Stock Fundamental Analysis
NASDAQ:TENB - Nasdaq - US88025T1025 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to TENB. TENB was compared to 282 industry peers in the Software industry. TENB scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. TENB is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
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
Looking at the Return On Assets, with a value of -2.65%, TENB is in line with its industry, outperforming 56.38% of the companies in the same industry.
With a Return On Equity value of -11.71%, TENB perfoms like the industry average, outperforming 48.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.65% | ||
| ROE | -11.71% | ||
| ROIC | N/A |
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
The Gross Margin of TENB (77.99%) is better than 76.24% of its industry peers.
In the last couple of years the Gross Margin of TENB has remained more or less at the same level.
TENB does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 77.99% |
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
TENB does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, TENB has more shares outstanding
The number of shares outstanding for TENB has been increased compared to 5 years ago.
TENB has a better debt/assets ratio than last year.
2.2 Solvency
TENB has an Altman-Z score of 1.73. This is a bad value and indicates that TENB is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of TENB (1.73) is comparable to the rest of the industry.
The Debt to FCF ratio of TENB is 1.50, which is an excellent value as it means it would take TENB, only 1.50 years of fcf income to pay off all of its debts.
TENB has a Debt to FCF ratio of 1.50. This is in the better half of the industry: TENB outperforms 70.57% of its industry peers.
TENB has a Debt/Equity ratio of 0.93. This is a neutral value indicating TENB is somewhat dependend on debt financing.
TENB's Debt to Equity ratio of 0.93 is on the low side compared to the rest of the industry. TENB is outperformed by 71.99% 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 | 0.93 | ||
| Debt/FCF | 1.5 | ||
| Altman-Z | 1.73 |
ROIC/WACCN/A
WACC10.83%
2.3 Liquidity
A Current Ratio of 1.04 indicates that TENB should not have too much problems paying its short term obligations.
The Current ratio of TENB (1.04) is worse than 73.05% of its industry peers.
TENB has a Quick Ratio of 1.04. 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 Quick ratio of 1.04 is on the low side compared to the rest of the industry. TENB is outperformed by 71.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
TENB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 47.37%, which is quite impressive.
TENB shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 55.97% yearly.
TENB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.80%.
The Revenue has been growing by 20.48% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)47.37%
EPS 3Y55.97%
EPS 5YN/A
EPS Q2Q%44%
Revenue 1Y (TTM)11.8%
Revenue growth 3Y18.48%
Revenue growth 5Y20.48%
Sales Q2Q%10.73%
3.2 Future
The Earnings Per Share is expected to grow by 12.61% on average over the next years. This is quite good.
Based on estimates for the next years, TENB will show a quite strong growth in Revenue. The Revenue will grow by 8.92% on average per year.
EPS Next Y17.35%
EPS Next 2Y16.76%
EPS Next 3Y16.08%
EPS Next 5Y12.61%
Revenue Next Year8.93%
Revenue Next 2Y8.4%
Revenue Next 3Y8.52%
Revenue Next 5Y8.92%
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.
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
The Price/Earnings ratio is 24.34, which indicates a rather expensive current valuation of TENB.
TENB's Price/Earnings ratio is a bit cheaper when compared to the industry. TENB is cheaper than 75.89% of the companies in the same industry.
When comparing the Price/Earnings ratio of TENB to the average of the S&P500 Index (27.45), we can say TENB is valued inline with the index average.
With a Price/Forward Earnings ratio of 19.37, TENB is valued on the expensive side.
TENB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TENB is cheaper than 79.43% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. TENB is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.34 | ||
| Fwd PE | 19.37 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TENB is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TENB indicates a rather cheap valuation: TENB is cheaper than 87.23% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.35 | ||
| EV/EBITDA | 126.67 |
4.3 Compensation for Growth
TENB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as TENB's earnings are expected to grow with 16.08% in the coming years.
PEG (NY)1.4
PEG (5Y)N/A
EPS Next 2Y16.76%
EPS Next 3Y16.08%
5. Dividend
5.1 Amount
No dividends for TENB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
34.07
+0.43 (+1.28%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners88.6%
Inst Owner Change-0.94%
Ins Owners0.91%
Ins Owner Change0.29%
Market Cap4.16B
Analysts75.86
Price Target39.46 (15.82%)
Short Float %3.99%
Short Ratio2.75
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)21.05%
Min EPS beat(2)17.02%
Max EPS beat(2)25.08%
EPS beat(4)4
Avg EPS beat(4)19.24%
Min EPS beat(4)6.33%
Max EPS beat(4)28.52%
EPS beat(8)8
Avg EPS beat(8)35.44%
EPS beat(12)12
Avg EPS beat(12)111.34%
EPS beat(16)16
Avg EPS beat(16)110.64%
Revenue beat(2)1
Avg Revenue beat(2)0.04%
Min Revenue beat(2)-0.21%
Max Revenue beat(2)0.3%
Revenue beat(4)1
Avg Revenue beat(4)-0.22%
Min Revenue beat(4)-0.7%
Max Revenue beat(4)0.3%
Revenue beat(8)3
Avg Revenue beat(8)-0.04%
Revenue beat(12)4
Avg Revenue beat(12)-0.19%
Revenue beat(16)8
Avg Revenue beat(16)0.22%
PT rev (1m)0%
PT rev (3m)-22.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.34 | ||
| Fwd PE | 19.37 | ||
| P/S | 4.51 | ||
| P/FCF | 17.35 | ||
| P/OCF | 16.35 | ||
| P/B | 10.86 | ||
| P/tB | N/A | ||
| EV/EBITDA | 126.67 |
EPS(TTM)1.4
EY4.11%
EPS(NY)1.76
Fwd EY5.16%
FCF(TTM)1.96
FCFY5.76%
OCF(TTM)2.08
OCFY6.12%
SpS7.56
BVpS3.14
TBVpS-3.29
PEG (NY)1.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.65% | ||
| ROE | -11.71% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 77.99% | ||
| FCFM | 25.98% |
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-Score7
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 1.5 | ||
| Debt/EBITDA | 11.76 | ||
| Cap/Depr | 42.14% | ||
| Cap/Sales | 1.59% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 841.04% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 1.73 |
F-Score7
WACC10.83%
ROIC/WACCN/A
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)47.37%
EPS 3Y55.97%
EPS 5YN/A
EPS Q2Q%44%
EPS Next Y17.35%
EPS Next 2Y16.76%
EPS Next 3Y16.08%
EPS Next 5Y12.61%
Revenue 1Y (TTM)11.8%
Revenue growth 3Y18.48%
Revenue growth 5Y20.48%
Sales Q2Q%10.73%
Revenue Next Year8.93%
Revenue Next 2Y8.4%
Revenue Next 3Y8.52%
Revenue Next 5Y8.92%
EBIT growth 1Y82.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year34.67%
EBIT Next 3Y20.48%
EBIT Next 5Y-1.35%
FCF growth 1Y97.76%
FCF growth 3Y31.86%
FCF growth 5YN/A
OCF growth 1Y85.81%
OCF growth 3Y30.97%
OCF growth 5YN/A