NasdaqCM:TZAC

Stock Analysis Report

Executive Summary

Tenzing Acquisition Corp. does not have significant operations.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Tenzing Acquisition's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TZAC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.2%

TZAC

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

4.2%

TZAC

4.9%

US Capital Markets

5.2%

US Market

Return vs Industry: TZAC underperformed the US Capital Markets industry which returned 8.9% over the past year.

Return vs Market: TZAC underperformed the US Market which returned 10.2% over the past year.


Shareholder returns

TZACIndustryMarket
7 Day-0.2%-8.6%-10.6%
30 Dayn/a-7.9%-8.5%
90 Day1.1%-4.4%-4.6%
1 Year4.2%4.2%7.1%4.9%7.4%5.2%
3 Yearn/a25.5%18.4%31.7%23.2%
5 Yearn/a65.9%50.7%56.4%39.3%

Price Volatility Vs. Market

How volatile is Tenzing Acquisition's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tenzing Acquisition undervalued compared to its fair value and its price relative to the market?

5.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TZAC ($10.55) is trading above our estimate of fair value ($8.13)

Significantly Below Fair Value: TZAC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TZAC is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: TZAC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TZAC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TZAC is good value based on its PB Ratio (5.5x) compared to the US Capital Markets industry average (6.6x).


Next Steps

Future Growth

How is Tenzing Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tenzing Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Tenzing Acquisition performed over the past 5 years?

16.6%

Historical Diversified Financials annual earnings growth


Earnings and Revenue History

Quality Earnings: TZAC is currently unprofitable.

Growing Profit Margin: TZAC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if TZAC's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare TZAC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TZAC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).


Return on Equity

High ROE: TZAC has a negative Return on Equity (22.17%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tenzing Acquisition's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: TZAC has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TZAC's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TZAC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TZAC has less than a year of cash runway if free cash flow continues to reduce at historical rates of -14.2% each year


Financial Institutions Analysis

Asset Level: TZAC's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if TZAC has a sufficient allowance for bad loans.

Low Risk Liabilities: TZAC reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if TZAC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TZAC has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if TZAC has an appropriate level of bad loans.


Next Steps

Dividend

What is Tenzing Acquisition's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.1%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TZAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TZAC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TZAC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TZAC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TZAC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Rahul Nayar (49yo)

1.9yrs

Tenure

0

Mr. Rahul Nayar serves as Chief Executive Officer and Director at Tenzing Acquisition Corp., since March 20, 2018. He served as Director of Global Communications and Strategy at Amira Nature Foods Ltd., fr ...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Tenzing Acquisition Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tenzing Acquisition Corp.
  • Ticker: TZAC
  • Exchange: NasdaqCM
  • Founded: 2018
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$27.675m
  • Shares outstanding: 2.62m
  • Website: https://null

Location

  • Tenzing Acquisition Corp.
  • 250 West 55th Street
  • New York
  • New York
  • 10019
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TZAC.UNasdaqCM (Nasdaq Capital Market)UnitsUSUSDAug 2018
TZACNasdaqCM (Nasdaq Capital Market)YesOrdinary SharesUSUSDOct 2018

Biography

Tenzing Acquisition Corp. does not have significant operations. It intends to acquire, engage in a share exchange, share reconstruction and amalgamation with, purchase all or substantially all of the assets of, enter into contractual arrangements with, or engage in any other similar business combination with one or more businesses or entities. The company was founded in 2018 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 02:42
End of Day Share Price2020/02/25 00:00
Earnings2019/11/30
Annual Earnings2019/02/28


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.