Tenneco
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Tenneco Inc. designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide. The last earnings update was 29 days ago. More info.
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- Tenneco has significant price volatility in the past 3 months.
TEN Share Price and Events
7 Day Returns
1 Year Returns
TEN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Tenneco (TEN) | 5.7% | -6.3% | -22.2% | -51.7% | -48.9% | -58.3% |
| US Auto Components | 3.9% | 10.8% | 11.2% | -20% | 7.8% | 5% |
| US Market | 0.4% | 2.6% | 11% | 6.8% | 38.1% | 45.7% |
1 Year Return vs Industry and Market
- TEN underperformed the Auto Components industry which returned -20% over the past year.
- TEN underperformed the Market in United States of America which returned 6.8% over the past year.
Value
Is Tenneco undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Tenneco
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Tenneco.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 9 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 14.7% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Auto Components Unlevered Beta | Simply Wall St/ S&P Global | 1.19 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.192 (1 + (1- 21%) (267.36%)) |
2.815 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%) |
14.65% |
Discounted Cash Flow Calculation for NYSE:TEN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Tenneco is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 14.65%) |
|
|---|---|---|---|
| 2019 | 170.00 | Analyst x2 | 148.28 |
| 2020 | 715.57 | Analyst x3 | 544.38 |
| 2021 | 964.00 | Analyst x1 | 639.67 |
| 2022 | 958.00 | Analyst x1 | 554.46 |
| 2023 | 956.00 | Analyst x1 | 482.60 |
| 2024 | 962.43 | Est @ 0.67% | 423.76 |
| 2025 | 974.84 | Est @ 1.29% | 374.38 |
| 2026 | 991.63 | Est @ 1.72% | 332.17 |
| 2027 | 1,011.70 | Est @ 2.02% | 295.59 |
| 2028 | 1,034.33 | Est @ 2.24% | 263.58 |
| Present value of next 10 years cash flows | $4,058.87 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,034.33 × (1 + 2.73%) ÷ (14.65% – 2.73%) |
$8,914.11 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $8,914.11 ÷ (1 + 14.65%)10 |
$2,271.63 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $4,058.87 + $2,271.63 |
$6,330.50 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $6,330.50 / 80.92 |
$78.23 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $78.23 |
| Current discount | Discount to share price of
$25.39
= -1 x ($25.39 - $78.23) / $78.23 |
67.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Tenneco's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Tenneco's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Tenneco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Tenneco's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.94 |
| NYSE:TEN Share Price ** | NYSE (2019-04-16) in USD | $25.39 |
| United States of America Auto Components Industry PE Ratio | Median Figure of 28 Publicly-Listed Auto Components Companies | 15.07x |
| United States of America Market PE Ratio | Median Figure of 3,072 Publicly-Listed Companies | 18.08x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Tenneco.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:TEN Share Price ÷ EPS (both in USD) = 25.39 ÷ 0.94 |
27.06x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tenneco is overvalued based on earnings compared to the US Auto Components industry average.
- Tenneco is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Tenneco's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 27.06x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
29.8%per year |
| United States of America Auto Components Industry PEG Ratio | Median Figure of 25 Publicly-Listed Auto Components Companies | 1.21x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 27.06x ÷ 29.8% |
0.91x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tenneco is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Tenneco's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $21.34 |
| NYSE:TEN Share Price * | NYSE (2019-04-16) in USD | $25.39 |
| United States of America Auto Components Industry PB Ratio | Median Figure of 40 Publicly-Listed Auto Components Companies | 1.5x |
| United States of America Market PB Ratio | Median Figure of 5,176 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:TEN Share Price ÷ Book Value per Share (both in USD) = 25.39 ÷ 21.34 |
1.19x |
* Primary Listing of Tenneco.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tenneco is good value based on assets compared to the US Auto Components industry average.
Value checks
We assess Tenneco's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check) Tenneco has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Tenneco expected to perform in the next 1 to 3 years based on estimates from 9 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Tenneco's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Tenneco's earnings growth is expected to exceed the United States of America market average.
- Tenneco's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:TEN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 29.8% |
| NYSE:TEN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 13.8% |
| United States of America Auto Components Industry Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Auto Components Industry Revenue Growth Rate | Market Cap Weighted Average | 5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 19,751 | 569 | 1 | |
| 2021-12-31 | 19,783 | 525 | 4 | |
| 2020-12-31 | 18,731 | 1,259 | 505 | 8 |
| 2019-12-31 | 18,231 | 948 | 417 | 9 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 11,763 | 439 | 55 |
| 2018-09-30 | 9,874 | 580 | 230 |
| 2018-06-30 | 9,776 | 646 | 259 |
| 2018-03-31 | 9,556 | 660 | 206 |
| 2017-12-31 | 9,274 | 517 | 198 |
| 2017-09-30 | 9,038 | 337 | 177 |
| 2017-06-30 | 8,860 | 442 | 273 |
| 2017-03-31 | 8,755 | 482 | 358 |
| 2016-12-31 | 8,597 | 374 | 347 |
| 2016-09-30 | 8,447 | 562 | 380 |
| 2016-06-30 | 8,404 | 538 | 259 |
| 2016-03-31 | 8,294 | 538 | 249 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from Tenneco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 7.05 | 7.05 | 7.05 | 1.00 |
| 2021-12-31 | 6.50 | 6.50 | 6.50 | 1.00 |
| 2020-12-31 | 6.20 | 6.40 | 6.00 | 3.00 |
| 2019-12-31 | 4.64 | 6.16 | 3.06 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.94 |
| 2018-09-30 | 4.48 |
| 2018-06-30 | 5.02 |
| 2018-03-31 | 3.95 |
| 2017-12-31 | 3.75 |
| 2017-09-30 | 3.31 |
| 2017-06-30 | 5.03 |
| 2017-03-31 | 6.49 |
| 2016-12-31 | 6.20 |
| 2016-09-30 | 6.70 |
| 2016-06-30 | 4.49 |
| 2016-03-31 | 4.24 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Tenneco's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Tenneco has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Tenneco performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Tenneco's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Tenneco's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Tenneco's 1-year earnings growth is negative, it can't be compared to the US Auto Components industry average.
Earnings and Revenue History
All data from Tenneco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 11,763.00 | 55.00 | 650.00 | 200.00 |
| 2018-09-30 | 9,874.00 | 230.00 | 495.00 | 160.00 |
| 2018-06-30 | 9,776.00 | 259.00 | 497.00 | 161.00 |
| 2018-03-31 | 9,556.00 | 206.00 | 620.00 | 159.00 |
| 2017-12-31 | 9,274.00 | 198.00 | 625.00 | 158.00 |
| 2017-09-30 | 9,038.00 | 177.00 | 713.00 | 151.00 |
| 2017-06-30 | 8,860.00 | 273.00 | 690.00 | 152.00 |
| 2017-03-31 | 8,755.00 | 358.00 | 574.00 | 153.00 |
| 2016-12-31 | 8,597.00 | 347.00 | 585.00 | 152.00 |
| 2016-09-30 | 8,447.00 | 380.00 | 504.00 | 149.00 |
| 2016-06-30 | 8,404.00 | 259.00 | 509.00 | 142.00 |
| 2016-03-31 | 8,294.00 | 249.00 | 497.00 | 143.00 |
| 2015-12-31 | 8,181.00 | 241.00 | 480.00 | 145.00 |
| 2015-09-30 | 8,182.00 | 200.00 | 488.00 | 150.00 |
| 2015-06-30 | 8,238.00 | 226.00 | 486.00 | 158.00 |
| 2015-03-31 | 8,349.00 | 229.00 | 502.00 | 161.00 |
| 2014-12-31 | 8,381.00 | 225.00 | 510.00 | 162.00 |
| 2014-09-30 | 8,447.00 | 259.00 | 491.00 | 165.00 |
| 2014-06-30 | 8,329.00 | 193.00 | 494.00 | 158.00 |
| 2014-03-31 | 8,155.00 | 175.00 | 461.00 | 150.00 |
| 2013-12-31 | 7,964.00 | 183.00 | 447.00 | 143.00 |
| 2013-09-30 | 7,686.00 | 162.00 | 438.00 | 135.00 |
| 2013-06-30 | 7,501.00 | 275.00 | 418.00 | 128.00 |
| 2013-03-31 | 7,354.00 | 299.00 | 424.00 | 123.00 |
| 2012-12-31 | 7,363.00 | 275.00 | 424.00 | 126.00 |
| 2012-09-30 | 7,394.00 | 272.00 | 418.00 | 125.00 |
| 2012-06-30 | 7,389.00 | 177.00 | 428.00 | 129.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Tenneco has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Tenneco used its assets less efficiently than the US Auto Components industry average last year based on Return on Assets.
- Tenneco's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Tenneco's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Tenneco has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Tenneco's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Tenneco's finances.
The net worth of a company is the difference between its assets and liabilities.
- Tenneco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Tenneco's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Tenneco Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 2,054.00 | 5,493.00 | 697.00 |
| 2018-09-30 | 803.00 | 1,544.00 | 202.00 |
| 2018-06-30 | 799.00 | 1,459.00 | 235.00 |
| 2018-03-31 | 875.00 | 1,484.00 | 288.00 |
| 2017-12-31 | 724.00 | 1,461.00 | 315.00 |
| 2017-09-30 | 718.00 | 1,681.00 | 277.00 |
| 2017-06-30 | 682.00 | 1,597.00 | 333.00 |
| 2017-03-31 | 739.00 | 1,519.00 | 341.00 |
| 2016-12-31 | 660.00 | 1,384.00 | 347.00 |
| 2016-09-30 | 710.00 | 1,434.00 | 324.00 |
| 2016-06-30 | 624.00 | 1,360.00 | 311.00 |
| 2016-03-31 | 605.00 | 1,408.00 | 374.00 |
| 2015-12-31 | 505.00 | 1,210.00 | 287.00 |
| 2015-09-30 | 519.00 | 1,341.00 | 220.00 |
| 2015-06-30 | 621.00 | 1,230.00 | 250.00 |
| 2015-03-31 | 565.00 | 1,260.00 | 288.00 |
| 2014-12-31 | 573.00 | 1,115.00 | 282.00 |
| 2014-09-30 | 676.00 | 1,298.00 | 275.00 |
| 2014-06-30 | 647.00 | 1,297.00 | 260.00 |
| 2014-03-31 | 558.00 | 1,315.00 | 267.00 |
| 2013-12-31 | 492.00 | 1,102.00 | 275.00 |
| 2013-09-30 | 439.00 | 1,357.00 | 276.00 |
| 2013-06-30 | 393.00 | 1,278.00 | 235.00 |
| 2013-03-31 | 351.00 | 1,367.00 | 233.00 |
| 2012-12-31 | 306.00 | 1,180.00 | 223.00 |
| 2012-09-30 | 297.00 | 1,345.00 | 207.00 |
| 2012-06-30 | 142.00 | 1,366.00 | 181.00 |
- Tenneco's level of debt (267.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (224.1% vs 267.4% today).
- Debt is not well covered by operating cash flow (8%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
Financial health checks
We assess Tenneco's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tenneco has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Tenneco's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Tenneco
shares you are expected to receive
$79
in your first year as a dividend.
Dividend Amount
- Tenneco's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
- Tenneco's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| United States of America Auto Components Industry Average Dividend Yield | Market Cap Weighted Average of 15 Stocks | 1.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 1.00 | 1.00 |
| 2021-12-31 | 1.08 | 4.00 |
| 2020-12-31 | 1.03 | 6.00 |
| 2019-12-31 | 1.02 | 6.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-06 | 1.000 | 3.514 |
| 2018-10-10 | 1.000 | 3.107 |
| 2018-07-20 | 1.000 | 2.309 |
| 2018-05-16 | 1.000 | 2.198 |
| 2018-02-07 | 1.000 | 1.911 |
| 2017-10-11 | 1.000 | 1.698 |
| 2017-07-12 | 1.000 | 1.767 |
| 2017-05-17 | 1.000 | 1.767 |
| 2017-05-05 | 1.000 | 1.728 |
| 2017-02-24 | 1.000 | 1.611 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Tenneco has been paying a dividend for less than 10 years.
- Tenneco has only been paying a dividend for 2 years, and since then there has been no growth.
Income/ dividend checks
We assess Tenneco's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Tenneco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Tenneco has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $4,377,356 |
| AGE | 51 |
| TENURE AS CEO | 0.5 years |
CEO Bio
Mr. Brian J. Kesseler has been the Co-Chief Executive Officer of Tenneco Inc. since October 1, 2018 and has been its Director since October 11, 2016. Mr. Kesseler was Chief Executive Officer of Tenneco Inc. since May 17, 2017 until October 1, 2018. He served as a Vice President of Johnson Controls Inc. since January 2013 until January 6, 2015 and served as its President of Power Solutions Business since January 2013 until January 2013. He served as the Chief Operating Officer at Tenneco Inc. since January 12, 2015 until May 17, 2017. Mr. Kesseler served as Chief Operating Officer for Power Solutions Business at Johnson Controls Inc. since May 2012 until January 2013. He served as Vice President and General Manager of the power solutions business - North America at Johnson Controls Inc. since September 2006 until 2009. He served as Group Vice President and General Manager, North America of Johnson Controls Inc. since 2003 until 2006. Mr. Kesseler joined the Johnson Controls management team in 1994 and prior to his new assignment he served as Group Vice President and General Manager of Customer Business Units, North America. Before coming to Johnson Controls, he held positions of increasing responsibility at Ford Motor Company. Mr. Kesseler holds bachelor's degree in finance from Michigan State University and a master's degree in systems management from Baldwin-Wallace College. Mr. Kesseler holds an M.B.A. from Baldwin-Wallace College.
CEO Compensation
- Brian's compensation has been consistent with company performance over the past year.
- Brian's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Tenneco management team in years:
- The average tenure for the Tenneco management team is less than 2 years, this suggests a new team.
Management Team
Brian Kesseler
Co-CEO & Director
$4M
51
0.5 yrs
Roger Wood
Co-CEO & Director
$240K
55
0.5 yrs
Jason Hollar
CFO & Executive VP
$1M
45
0.8 yrs
Patrick Guo
Executive VP & President of Clean Air
$2M
52
8.8 yrs
Gregg Bolt
Senior Vice President of Integration Office
$1M
58
1.3 yrs
John Patouhas
VP & Chief Accounting Officer
51
0.2 yrs
Ben Patel
VP & CTO
50
2.1 yrs
Rusty Patel
Senior VP & Chief Information Officer
1.3 yrs
Linae Golla
Vice President of Investor Relations
9.1 yrs
Brandon Smith
Senior VP
37
1.5 yrs
Board of Directors Tenure
Average tenure and age of the Tenneco board of directors in years:
- The average tenure for the Tenneco board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Gregg Sherrill
Non-Executive Chairman
$6M
65
12.3 yrs
Brian Kesseler
Co-CEO & Director
$4M
51
2.5 yrs
Roger Wood
Co-CEO & Director
$240K
55
3.3 yrs
Roger Porter
Independent Director
$260K
71
21.3 yrs
David Price
Independent Director
$240K
72
19.4 yrs
Dennis Letham
Independent Director
$260K
66
11.5 yrs
Paul Stecko
Lead Independent Director
$270K
74
Jane Warner
Director
$240K
71
14.5 yrs
Tom Freyman
Independent Director
$240K
64
6.3 yrs
Jim Metcalf
Independent Director
$240K
60
4.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Aug 18 | Buy | Thomas Freyman | Individual | 09. Aug 18 | 09. Aug 18 | 5,000 | $44.49 | $222,450 | ||
| 14. May 18 | Buy | Brian Kesseler | Individual | 11. May 18 | 11. May 18 | 21,500 | $46.63 | $1,002,545 | ||
Management checks
We assess Tenneco's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Tenneco has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
A Close Look At Tenneco Inc.’s (NYSE:TEN) 25% ROCE
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … First up, we'll look at what ROCE is and how we calculate it. … What is Return On Capital Employed (ROCE)?
Simply Wall St - – Full articleIs Tenneco Inc's (NYSE:TEN) ROE Of 41% Impressive?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.41 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCalculating The Fair Value Of Tenneco Inc (NYSE:TEN)
In this article I am going to calculate the intrinsic value of Tenneco Inc (NYSE:TEN). … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleHow Has Tenneco Inc's (NYSE:TEN) Earnings Fared Against The Long Term Trend
After looking at Tenneco Inc's (NYSE:TEN) latest earnings update (30 June 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … TEN's trailing twelve-month earnings (from 30 June 2018) of US$259.00m has
Simply Wall St - – Full articleIs It Too Late To Buy Tenneco Inc (NYSE:TEN)?
received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $52.58 at one point, and dropping to the lows of $43.11. … A question to answer is whether Tenneco's current trading price of $44.65 reflective of the actual value of the? … Let’s take a look at Tenneco’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleTenneco Inc (NYSE:TEN): The Return Story
Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Tenneco, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleIs Tenneco Inc (NYSE:TEN) A Great Dividend Stock?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Recently, Tenneco Inc (NYSE:TEN) has returned an average of 2.00% per year to shareholders in terms of dividend yield. … Does Tenneco tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleIs It Too Late To Buy Tenneco Inc (NYSE:TEN) At Its June Price?
Tenneco Inc (NYSE:TEN) closed yesterday at $46.57, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s look into this by assessing TEN's expected growth over the next few years. … One reason why investors are attracted to TEN is the high growth potential in the near future
Simply Wall St - – Full articleWhy Tenneco Inc (NYSE:TEN) Should Have A Place In Your Portfolio
Tenneco Inc (NYSE:TEN) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … Below, I've touched on some key aspects you should know on a high level.
Simply Wall St - – Full articleTenneco Inc (NYSE:TEN): Ex-Dividend Is In 3 Days, Should You Buy?
On the 22 June 2018, Tenneco Inc (NYSE:TEN) will be paying shareholders an upcoming dividend amount of $0.25 per share. … View our latest analysis for Tenneco Here's how I find good dividend stocks Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is their annual yield among the top 25% of dividend payers? … Generally, the rule of thumb for determining whether a stock is a reliable dividend payer is that it should be consistently paying dividends for the past 10 years or more.
Simply Wall St - – Full articleCompany Info
Description
Tenneco Inc. designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide. The company offers clean air products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide (NOx) traps, hydrocarbon vaporizers and injectors, selective catalytic reduction (SCR) systems, SCR-coated diesel particulate filters systems, urea dosing systems, four-way catalysts, alternative NOx reduction technologies, mufflers and resonators, fabricated exhaust manifolds, pipes, hydroformed assemblies, elastomeric hangers and isolators, and aftertreatment control units. It also provides powertrain products and systems, such as pistons, piston rings, cylinder liners, valve seats and guides, bearings, spark plugs, valve train products, system protection products, and seals and gaskets; and aftermarket products, which include ride control parts and emission controls, as well as noise, vibration, and harshness (NVH) performance materials. In addition, the company offers ride performance products and systems comprising shock absorbers and struts, and NVH performance materials, as well as a product portfolio of electronically controlled ride performance technology; and motor parts, including chassis parts, braking products, and gaskets and seals, as well as filtration parts, lighting products, and ignition products. The company was formerly known as Tenneco Automotive Inc. and changed its name to Tenneco Inc. in 2005. Tenneco Inc. was founded in 1888 and is headquartered in Lake Forest, Illinois.
Details
| Name: | Tenneco Inc. |
| TEN | |
| Exchange: | NYSE |
| Founded: | 1888 |
| $2,054,553,620 | |
| 80,919,796 | |
| Website: | http://www.tenneco.com |
| Address: |
Tenneco Inc. 500 North Field Drive, Lake Forest, Illinois, 60045, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | TEN | Class A Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | TNN | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | 0RT7 | Class A Common Stock | London Stock Exchange | GB | USD | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Auto Parts and Equipment | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/16 23:47 |
| End of day share price update: | 2019/04/16 00:00 |
| Last estimates confirmation: | 2019/04/15 |
| Last earnings filing: | 2019/03/18 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
