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TENABLE HOLDINGS INC (TENB) Stock Fundamental Analysis

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

33.27  +0.23 (+0.7%)

Fundamental Rating

4

TENB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 282 industry peers in the Software industry. The financial health of TENB is average, but there are quite some concerns on its profitability. TENB is not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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3

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.
In the past 5 years TENB always reported negative net income.
Each year in the past 5 years TENB had a positive operating cash flow.
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 2024 0 100M 200M

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.
TENB's Return On Equity of -11.71% is in line compared to the rest of the industry. TENB outperforms 48.94% of its industry peers.
Industry RankSector 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
TENB Yearly ROA, ROE, ROICTENB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1K 2K 3K 4K

1.3 Margins

With a decent Gross Margin value of 77.99%, TENB is doing good in the industry, outperforming 76.24% of the companies in the same industry.
TENB's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for TENB so they could not be analyzed.
Industry RankSector 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%
TENB Yearly Profit, Operating, Gross MarginsTENB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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4

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
Compared to 5 years ago, TENB has more shares outstanding
The debt/assets ratio for TENB has been reduced compared to a year ago.
TENB Yearly Shares OutstandingTENB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2024 500M 1B 1.5B

2.2 Solvency

TENB has an Altman-Z score of 1.68. This is a bad value and indicates that TENB is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.68, TENB perfoms like the industry average, outperforming 43.26% of the companies in the same industry.
TENB has a debt to FCF ratio of 1.50. This is a very positive value and a sign of high solvency as it would only need 1.50 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.50, TENB is doing good in the industry, outperforming 70.57% of the companies in the same industry.
TENB has a Debt/Equity ratio of 0.93. This is a neutral value indicating TENB is somewhat dependend on debt financing.
TENB has a Debt to Equity ratio of 0.93. This is in the lower half of the industry: TENB underperforms 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 RankSector Rank
Debt/Equity 0.93
Debt/FCF 1.5
Altman-Z 1.68
ROIC/WACCN/A
WACC10.95%
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 2024 0 100M 200M 300M

2.3 Liquidity

TENB has a Current 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 Current ratio of 1.04 is on the low side compared to the rest of the industry. TENB is outperformed by 72.69% of its industry peers.
A Quick Ratio of 1.04 indicates that TENB should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.04, TENB is not doing good in the industry: 71.63% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.04
Quick Ratio 1.04
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 2024 200M 400M 600M 800M

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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 47.37%, 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.
The Revenue has grown by 11.80% in the past year. This is quite good.
Measured over the past years, TENB shows a very strong growth in Revenue. The Revenue has been growing by 20.48% on average per year.
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

Based on estimates for the next years, TENB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.61% on average per year.
TENB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.92% yearly.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last 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
TENB Yearly EPS VS EstimatesTENB Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

TENB is valuated rather expensively with a Price/Earnings ratio of 23.76.
Compared to the rest of the industry, the Price/Earnings ratio of TENB indicates a somewhat cheap valuation: TENB is cheaper than 76.60% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.54. TENB is around the same levels.
A Price/Forward Earnings ratio of 18.92 indicates a rather expensive valuation of TENB.
Based on the Price/Forward Earnings ratio, TENB is valued cheaply inside the industry as 80.50% of the companies are valued more expensively.
TENB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.44, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 23.76
Fwd PE 18.92
TENB Price Earnings VS Forward Price EarningsTENB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

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.
Based on the Price/Free Cash Flow ratio, TENB is valued cheaply inside the industry as 87.23% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 16.94
EV/EBITDA 122.51
TENB Per share dataTENB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6

4.3 Compensation for Growth

The 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)1.37
PEG (5Y)N/A
EPS Next 2Y16.76%
EPS Next 3Y16.08%

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0

5. Dividend

5.1 Amount

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

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TENABLE HOLDINGS INC

NASDAQ:TENB (7/21/2025, 11:16:45 AM)

33.27

+0.23 (+0.7%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)04-29 2025-04-29/amc
Earnings (Next)07-30 2025-07-30/amc
Inst Owners88.6%
Inst Owner Change2.76%
Ins Owners0.91%
Ins Owner Change0.29%
Market Cap4.06B
Analysts75.86
Price Target38.02 (14.28%)
Short Float %5.12%
Short Ratio3.51
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)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)-3.65%
PT rev (3m)-23.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.61%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.44%
Valuation
Industry RankSector Rank
PE 23.76
Fwd PE 18.92
P/S 4.4
P/FCF 16.94
P/OCF 15.97
P/B 10.61
P/tB N/A
EV/EBITDA 122.51
EPS(TTM)1.4
EY4.21%
EPS(NY)1.76
Fwd EY5.29%
FCF(TTM)1.96
FCFY5.9%
OCF(TTM)2.08
OCFY6.26%
SpS7.56
BVpS3.14
TBVpS-3.29
PEG (NY)1.37
PEG (5Y)N/A
Profitability
Industry RankSector 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 RankSector 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 1.68
F-Score7
WACC10.95%
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