Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. More Details
Solid track record with adequate balance sheet.
Share Price & News
How has Tennant's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TNC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TNC's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: TNC underperformed the US Machinery industry which returned 43.7% over the past year.
Return vs Market: TNC underperformed the US Market which returned 36.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Tennant's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs Tennant Company (NYSE:TNC) Trading At A 33% Discount?
1 month ago | Simply Wall StIs It Too Late To Consider Buying Tennant Company (NYSE:TNC)?
1 month ago | Simply Wall StTennant (NYSE:TNC) Shareholders Have Enjoyed A 53% Share Price Gain
Is Tennant undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TNC ($79) is trading below our estimate of fair value ($112.31)
Significantly Below Fair Value: TNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TNC is good value based on its PE Ratio (26.8x) compared to the US Machinery industry average (32.8x).
PE vs Market: TNC is poor value based on its PE Ratio (26.8x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: TNC is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: TNC is overvalued based on its PB Ratio (3.5x) compared to the US Machinery industry average (2.8x).
How is Tennant forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNC's forecast earnings growth (12.9% per year) is above the savings rate (2%).
Earnings vs Market: TNC's earnings (12.9% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: TNC's earnings are forecast to grow, but not significantly.
Revenue vs Market: TNC's revenue (5.5% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: TNC's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TNC's Return on Equity is forecast to be high in 3 years time
How has Tennant performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TNC has high quality earnings.
Growing Profit Margin: TNC's current net profit margins (5.4%) are higher than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: TNC's earnings have grown by 11.5% per year over the past 5 years.
Accelerating Growth: TNC's earnings growth over the past year (18.9%) exceeds its 5-year average (11.5% per year).
Earnings vs Industry: TNC earnings growth over the past year (18.9%) exceeded the Machinery industry 3.4%.
Return on Equity
High ROE: TNC's Return on Equity (12.9%) is considered low.
How is Tennant's financial position?
Financial Position Analysis
Short Term Liabilities: TNC's short term assets ($530.5M) exceed its short term liabilities ($277.2M).
Long Term Liabilities: TNC's short term assets ($530.5M) exceed its long term liabilities ($382.2M).
Debt to Equity History and Analysis
Debt Level: TNC's debt to equity ratio (73.1%) is considered high.
Reducing Debt: TNC's debt to equity ratio has increased from 8.9% to 73.1% over the past 5 years.
Debt Coverage: TNC's debt is well covered by operating cash flow (46.6%).
Interest Coverage: TNC's interest payments on its debt are well covered by EBIT (5x coverage).
What is Tennant current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TNC's dividend (1.16%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: TNC's dividend (1.16%) is low compared to the top 25% of dividend payers in the US market (3.52%).
Stability and Growth of Payments
Stable Dividend: TNC's dividends per share have been stable in the past 10 years.
Growing Dividend: TNC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.5%), TNC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Huml (52 yo)
Mr. David W. Huml, also known as Dave, has been President, Chief Executive Officer and Director of Tennant Company since March 1, 2021. He had been Chief Operating Officer at Tennant Company since April 1,...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD3.69M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Experienced Management: TNC's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Experienced Board: TNC's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TNC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tennant Company's company bio, employee growth, exchange listings and data sources
- Name: Tennant Company
- Ticker: TNC
- Exchange: NYSE
- Founded: 1870
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$1.470b
- Shares outstanding: 18.61m
- Website: https://www.tennantco.com
Number of Employees
- Tennant Company
- 10400 Clean Street
- Eden Prairie
- United States
Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a sui...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/30 01:33|
|End of Day Share Price||2021/07/29 00:00|
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.