TENABLE HOLDINGS INC (TENB)
US88025T1025 - Common Stock
TENB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 277 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.
TENB had a positive operating cash flow in the past year.
TENB had negative earnings in each of the past 5 years.
Of the past 5 years TENB 4 years had a positive operating cash flow.
1.2 Ratios
TENB has a Return On Assets of -4.32%. This is comparable to the rest of the industry: TENB outperforms 58.70% of its industry peers.
TENB has a Return On Equity (-18.84%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.32% | ||
| ROE | -18.84% | ||
| 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
1.3 Margins
With a decent Gross Margin value of 77.36%, TENB is doing good in the industry, outperforming 75.00% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 77.36% |
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%
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
An Altman-Z score of 2.47 indicates that TENB is not a great score, but indicates only limited risk for bankruptcy at the moment.
TENB has a Altman-Z score (2.47) which is in line with its industry peers.
TENB has a debt to FCF ratio of 2.38. This is a good value and a sign of high solvency as TENB would need 2.38 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.38, TENB is doing good in the industry, outperforming 67.75% of the companies in the same industry.
TENB has a Debt/Equity ratio of 1.00. This is a neutral value indicating TENB is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.00, TENB is doing worse than 72.10% of the companies in the same industry.
Although TENB does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | 2.38 | ||
| Altman-Z | 2.47 |
ROIC/WACCN/A
WACC9.72%
2.3 Liquidity
A Current Ratio of 1.23 indicates that TENB should not have too much problems paying its short term obligations.
The Current ratio of TENB (1.23) is worse than 65.58% of its industry peers.
TENB has a Quick Ratio of 1.23. This is a normal value and indicates that TENB is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of TENB (1.23) is worse than 63.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 120.93% over the past year.
The Earnings Per Share has been growing by 68.27% on average over the past years. This is a very strong growth
The Revenue has grown by 15.88% 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 24.46% on average per year.
EPS 1Y (TTM)120.93%
EPS 3Y68.27%
EPS 5YN/A
EPS growth Q2Q127.27%
Revenue 1Y (TTM)15.88%
Revenue growth 3Y21.97%
Revenue growth 5Y24.46%
Revenue growth Q2Q14.39%
3.2 Future
TENB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.16% yearly.
Based on estimates for the next years, TENB will show a quite strong growth in Revenue. The Revenue will grow by 17.56% on average per year.
EPS Next Y35.95%
EPS Next 2Y29.54%
EPS Next 3Y30.07%
EPS Next 5Y27.16%
Revenue Next Year13.89%
Revenue Next 2Y13.9%
Revenue Next 3Y15.36%
Revenue Next 5Y17.56%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 46.59, which means the current valuation is very expensive for TENB.
Based on the Price/Earnings ratio, TENB is valued a bit cheaper than the industry average as 66.30% of the companies are valued more expensively.
TENB is valuated expensively when we compare the Price/Earnings ratio to 28.83, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 32.56, the valuation of TENB can be described as expensive.
Based on the Price/Forward Earnings ratio, TENB is valued a bit cheaper than 67.39% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.47, TENB is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.59 | ||
| Fwd PE | 32.56 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as TENB.
Based on the Price/Free Cash Flow ratio, TENB is valued a bit cheaper than 71.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.82 | ||
| EV/EBITDA | 2135.69 |
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 30.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.3
PEG (5Y)N/A
EPS Next 2Y29.54%
EPS Next 3Y30.07%
5. Dividend
5.1 Amount
No dividends for TENB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TENABLE HOLDINGS INC
NASDAQ:TENB (5/16/2024, 7:20:24 PM)
After market: 44.26 0 (0%)44.26
-0.43 (-0.96%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.26B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.59 | ||
| Fwd PE | 32.56 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.32% | ||
| ROE | -18.84% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 77.36% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)120.93%
EPS 3Y68.27%
EPS 5Y
EPS growth Q2Q
EPS Next Y35.95%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)15.88%
Revenue growth 3Y21.97%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y