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TENON MEDICAL INC (TNON) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:TNON - US88066N3035 - Common Stock

1.13 USD
0 (0%)
Last: 12/4/2025, 4:30:01 PM
1.12 USD
-0.01 (-0.88%)
After Hours: 12/4/2025, 4:30:01 PM
Fundamental Rating

3

Taking everything into account, TNON scores 3 out of 10 in our fundamental rating. TNON was compared to 188 industry peers in the Health Care Equipment & Supplies industry. TNON scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. TNON is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year TNON has reported negative net income.
TNON had a negative operating cash flow in the past year.
TNON had negative earnings in each of the past 5 years.
In the past 5 years TNON always reported negative operating cash flow.
TNON Yearly Net Income VS EBIT VS OCF VS FCFTNON Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 -5M -10M -15M

1.2 Ratios

TNON has a worse Return On Assets (-113.84%) than 81.38% of its industry peers.
TNON has a worse Return On Equity (-188.47%) than 71.28% of its industry peers.
Industry RankSector Rank
ROA -113.84%
ROE -188.47%
ROIC N/A
ROA(3y)-185.03%
ROA(5y)-156.48%
ROE(3y)-844.8%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
TNON Yearly ROA, ROE, ROICTNON Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 -500 -1K -1.5K -2K

1.3 Margins

With a Gross Margin value of 45.44%, TNON is not doing good in the industry: 61.70% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of TNON has declined.
The Profit Margin and Operating Margin are not available for TNON so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 45.44%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.76%
GM growth 5Y-8.18%
TNON Yearly Profit, Operating, Gross MarginsTNON Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 -1K -2K -3K -4K

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6

2. Health

2.1 Basic Checks

TNON does not have a ROIC to compare to the WACC, probably because it is not profitable.
TNON has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, TNON has more shares outstanding
There is no outstanding debt for TNON. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
TNON Yearly Shares OutstandingTNON Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 1M 2M 3M
TNON Yearly Total Debt VS Total AssetsTNON Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M

2.2 Solvency

TNON has an Altman-Z score of -10.58. This is a bad value and indicates that TNON is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of TNON (-10.58) is worse than 78.19% of its industry peers.
There is no outstanding debt for TNON. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -10.58
ROIC/WACCN/A
WACC8.48%
TNON Yearly LT Debt VS Equity VS FCFTNON Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 5M -5M -10M

2.3 Liquidity

A Current Ratio of 3.86 indicates that TNON has no problem at all paying its short term obligations.
TNON has a better Current ratio (3.86) than 68.09% of its industry peers.
A Quick Ratio of 3.59 indicates that TNON has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.59, TNON is in the better half of the industry, outperforming 73.40% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.86
Quick Ratio 3.59
TNON Yearly Current Assets VS Current LiabilitesTNON Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 5M 10M 15M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 84.17% over the past year.
TNON shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.92%.
Measured over the past years, TNON shows a very strong growth in Revenue. The Revenue has been growing by 130.83% on average per year.
EPS 1Y (TTM)84.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%88.98%
Revenue 1Y (TTM)11.92%
Revenue growth 3Y173.6%
Revenue growth 5Y130.83%
Sales Q2Q%32.24%

3.2 Future

TNON is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.82% yearly.
The Revenue is expected to grow by 53.87% on average over the next years. This is a very strong growth
EPS Next Y92.89%
EPS Next 2Y39.96%
EPS Next 3Y25.55%
EPS Next 5Y14.82%
Revenue Next Year2.22%
Revenue Next 2Y37.74%
Revenue Next 3Y64.91%
Revenue Next 5Y53.87%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
TNON Yearly Revenue VS EstimatesTNON Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10M 20M 30M 40M
TNON Yearly EPS VS EstimatesTNON Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -50 -100 -150

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for TNON. In the last year negative earnings were reported.
Also next year TNON is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TNON Price Earnings VS Forward Price EarningsTNON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
TNON Per share dataTNON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -1 -2 -3 -4

4.3 Compensation for Growth

A more expensive valuation may be justified as TNON's earnings are expected to grow with 25.55% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.96%
EPS Next 3Y25.55%

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0

5. Dividend

5.1 Amount

TNON does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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TENON MEDICAL INC

NASDAQ:TNON (12/4/2025, 4:30:01 PM)

After market: 1.12 -0.01 (-0.88%)

1.13

0 (0%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)11-13 2025-11-13/amc
Earnings (Next)03-18 2026-03-18/amc
Inst Owners1.48%
Inst Owner Change59.72%
Ins Owners3.35%
Ins Owner Change0.62%
Market Cap12.23M
Revenue(TTM)3.28M
Net Income(TTM)-12.65M
Analysts82.5
Price Target2.81 (148.67%)
Short Float %5.4%
Short Ratio1.02
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)17.85%
Min EPS beat(2)10.79%
Max EPS beat(2)24.91%
EPS beat(4)4
Avg EPS beat(4)13.41%
Min EPS beat(4)1.96%
Max EPS beat(4)24.91%
EPS beat(8)8
Avg EPS beat(8)21.32%
EPS beat(12)11
Avg EPS beat(12)17.92%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-39.92%
Min Revenue beat(2)-40.64%
Max Revenue beat(2)-39.2%
Revenue beat(4)0
Avg Revenue beat(4)-38.69%
Min Revenue beat(4)-47.97%
Max Revenue beat(4)-26.94%
Revenue beat(8)0
Avg Revenue beat(8)-25.84%
Revenue beat(12)0
Avg Revenue beat(12)-22.46%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-4.35%
PT rev (3m)-53.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.5%
EPS NY rev (1m)6.61%
EPS NY rev (3m)6.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-17.93%
Revenue NY rev (1m)-17.88%
Revenue NY rev (3m)-17.88%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.15
P/FCF N/A
P/OCF N/A
P/B 1.82
P/tB 1.82
EV/EBITDA N/A
EPS(TTM)-4.31
EYN/A
EPS(NY)-1
Fwd EYN/A
FCF(TTM)-0.93
FCFYN/A
OCF(TTM)-0.91
OCFYN/A
SpS0.27
BVpS0.62
TBVpS0.62
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -113.84%
ROE -188.47%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 45.44%
FCFM N/A
ROA(3y)-185.03%
ROA(5y)-156.48%
ROE(3y)-844.8%
ROE(5y)N/A
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
ROICexgc growth 3YN/A
ROICexgc 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-8.76%
GM growth 5Y-8.18%
F-Score4
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 83.77%
Cap/Sales 8.75%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.86
Quick Ratio 3.59
Altman-Z -10.58
F-Score4
WACC8.48%
ROIC/WACCN/A
Cap/Depr(3y)429.83%
Cap/Depr(5y)N/A
Cap/Sales(3y)47.06%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)84.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%88.98%
EPS Next Y92.89%
EPS Next 2Y39.96%
EPS Next 3Y25.55%
EPS Next 5Y14.82%
Revenue 1Y (TTM)11.92%
Revenue growth 3Y173.6%
Revenue growth 5Y130.83%
Sales Q2Q%32.24%
Revenue Next Year2.22%
Revenue Next 2Y37.74%
Revenue Next 3Y64.91%
Revenue Next 5Y53.87%
EBIT growth 1Y6.97%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y30.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y27.56%
OCF growth 3YN/A
OCF growth 5YN/A

TENON MEDICAL INC / TNON FAQ

What is the fundamental rating for TNON stock?

ChartMill assigns a fundamental rating of 3 / 10 to TNON.


What is the valuation status of TENON MEDICAL INC (TNON) stock?

ChartMill assigns a valuation rating of 1 / 10 to TENON MEDICAL INC (TNON). This can be considered as Overvalued.


Can you provide the profitability details for TENON MEDICAL INC?

TENON MEDICAL INC (TNON) has a profitability rating of 0 / 10.