TENABLE HOLDINGS INC (TENB) Stock Fundamental Analysis
USA - NASDAQ:TENB - US88025T1025 - Common Stock
29.9 USD
-0.64 (-2.1%)
29.9 USD
0 (0%)
TENB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 280 industry peers in the Software industry. Both the profitability and financial health of TENB have multiple concerns. TENB is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
TENB had positive earnings in the past year.
TENB had a positive operating cash flow in the past year.
TENB had negative earnings in each of the past 5 years.
In the past 5 years TENB always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of TENB (-2.72%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of -12.83%, TENB is in line with its industry, outperforming 45.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.72% | ||
| ROE | -12.83% | ||
| 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
TENB has a better Gross Margin (78.00%) than 75.71% 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 | 78% |
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.
TENB has more shares outstanding than it did 1 year ago.
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 1.43. 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 (1.43) is worse than 60.36% of its industry peers.
TENB has a debt to FCF ratio of 1.44. This is a very positive value and a sign of high solvency as it would only need 1.44 years to pay back of all of its debts.
The Debt to FCF ratio of TENB (1.44) is better than 71.07% of its industry peers.
TENB has a Debt/Equity ratio of 1.01. This is a high value indicating a heavy dependency on external financing.
TENB has a Debt to Equity ratio of 1.01. This is in the lower half of the industry: TENB underperforms 73.93% 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 | 1.01 | ||
| Debt/FCF | 1.44 | ||
| Altman-Z | 1.43 |
ROIC/WACCN/A
WACC10.86%
2.3 Liquidity
TENB has a Current Ratio of 0.94. This is a bad value and indicates that TENB is not financially healthy enough and could expect problems in meeting its short term obligations.
TENB's Current ratio of 0.94 is on the low side compared to the rest of the industry. TENB is outperformed by 73.93% of its industry peers.
A Quick Ratio of 0.94 indicates that TENB may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.94, TENB is doing worse than 73.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
TENB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.50%, which is quite impressive.
The Earnings Per Share has been growing by 55.97% on average over the past years. This is a very strong growth
Looking at the last year, TENB shows a quite strong growth in Revenue. The Revenue has grown by 11.41% in the last year.
The Revenue has been growing by 20.48% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)37.5%
EPS 3Y55.97%
EPS 5YN/A
EPS Q2Q%9.68%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y18.48%
Revenue growth 5Y20.48%
Sales Q2Q%11.78%
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 17.89% on average per year.
TENB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.38% yearly.
EPS Next Y18.64%
EPS Next 2Y16.88%
EPS Next 3Y16.14%
EPS Next 5Y17.89%
Revenue Next Year9.96%
Revenue Next 2Y8.91%
Revenue Next 3Y8.67%
Revenue Next 5Y9.38%
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
TENB is valuated rather expensively with a Price/Earnings ratio of 20.91.
Based on the Price/Earnings ratio, TENB is valued a bit cheaper than 75.00% of the companies in the same industry.
TENB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.30.
The Price/Forward Earnings ratio is 16.97, which indicates a correct valuation of TENB.
82.50% of the companies in the same industry are more expensive than TENB, based on the Price/Forward Earnings ratio.
TENB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.91 | ||
| Fwd PE | 16.97 |
4.2 Price Multiples
TENB's Enterprise Value to EBITDA is on the same level as the industry average.
90.36% 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 | 14.56 | ||
| EV/EBITDA | 107.43 |
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 16.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.12
PEG (5Y)N/A
EPS Next 2Y16.88%
EPS Next 3Y16.14%
5. Dividend
5.1 Amount
TENB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
29.9
-0.64 (-2.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners90.56%
Inst Owner Change4.52%
Ins Owners0.92%
Ins Owner Change0.32%
Market Cap3.62B
Analysts75.33
Price Target40.54 (35.59%)
Short Float %4.65%
Short Ratio3.42
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)17.48%
Min EPS beat(2)9.88%
Max EPS beat(2)25.08%
EPS beat(4)4
Avg EPS beat(4)14.58%
Min EPS beat(4)6.33%
Max EPS beat(4)25.08%
EPS beat(8)8
Avg EPS beat(8)28.34%
EPS beat(12)12
Avg EPS beat(12)84.97%
EPS beat(16)16
Avg EPS beat(16)105.39%
Revenue beat(2)2
Avg Revenue beat(2)0.22%
Min Revenue beat(2)0.14%
Max Revenue beat(2)0.3%
Revenue beat(4)2
Avg Revenue beat(4)-0.01%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)0.3%
Revenue beat(8)3
Avg Revenue beat(8)-0.09%
Revenue beat(12)5
Avg Revenue beat(12)-0.06%
Revenue beat(16)8
Avg Revenue beat(16)0.12%
PT rev (1m)0%
PT rev (3m)2.74%
EPS NQ rev (1m)0.37%
EPS NQ rev (3m)-7.7%
EPS NY rev (1m)1.1%
EPS NY rev (3m)1.1%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)0.95%
Revenue NY rev (3m)0.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.91 | ||
| Fwd PE | 16.97 | ||
| P/S | 3.81 | ||
| P/FCF | 14.56 | ||
| P/OCF | 13.63 | ||
| P/B | 10.32 | ||
| P/tB | N/A | ||
| EV/EBITDA | 107.43 |
EPS(TTM)1.43
EY4.78%
EPS(NY)1.76
Fwd EY5.89%
FCF(TTM)2.05
FCFY6.87%
OCF(TTM)2.19
OCFY7.34%
SpS7.84
BVpS2.9
TBVpS-3.93
PEG (NY)1.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.72% | ||
| ROE | -12.83% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 78% | ||
| FCFM | 26.19% |
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 Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.01 | ||
| Debt/FCF | 1.44 | ||
| Debt/EBITDA | 11.3 | ||
| Cap/Depr | 44.61% | ||
| Cap/Sales | 1.79% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 844.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 1.43 |
F-Score7
WACC10.86%
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)37.5%
EPS 3Y55.97%
EPS 5YN/A
EPS Q2Q%9.68%
EPS Next Y18.64%
EPS Next 2Y16.88%
EPS Next 3Y16.14%
EPS Next 5Y17.89%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y18.48%
Revenue growth 5Y20.48%
Sales Q2Q%11.78%
Revenue Next Year9.96%
Revenue Next 2Y8.91%
Revenue Next 3Y8.67%
Revenue Next 5Y9.38%
EBIT growth 1Y65.77%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year35.83%
EBIT Next 3Y20.73%
EBIT Next 5Y-1.35%
FCF growth 1Y99.87%
FCF growth 3Y31.86%
FCF growth 5YN/A
OCF growth 1Y94.29%
OCF growth 3Y30.97%
OCF growth 5YN/A