Tenable Holdings
Market Cap
US$4.9b
Last Updated
2021/07/25 23:33 UTC
Data Sources
Company Financials +
Executive Summary
Tenable Holdings, Inc. provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Flawless balance sheet with limited growth.
Similar Companies
Share Price & News
How has Tenable Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TENB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TENB's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
16.5%
TENB
4.0%
US Software
2.0%
US Market
1 Year Return
53.6%
TENB
43.7%
US Software
39.1%
US Market
Return vs Industry: TENB exceeded the US Software industry which returned 43.7% over the past year.
Return vs Market: TENB exceeded the US Market which returned 39.1% over the past year.
Shareholder returns
| TENB | Industry | Market | |
|---|---|---|---|
| 7 Day | 16.5% | 4.0% | 2.0% |
| 30 Day | 5.3% | 5.1% | 1.6% |
| 90 Day | 6.7% | 9.6% | 3.5% |
| 1 Year | 53.6%53.6% | 44.6%43.7% | 41.3%39.1% |
| 3 Year | 50.9%50.9% | 147.5%140.8% | 64.0%53.8% |
| 5 Year | n/a | 362.1%338.4% | 123.9%99.0% |
Long-Term Price Volatility Vs. Market
How volatile is Tenable Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Have Insiders Sold Tenable Holdings, Inc. (NASDAQ:TENB) Shares Recently?1 month ago | Simply Wall St
Here's What Tenable Holdings, Inc.'s (NASDAQ:TENB) Shareholder Ownership Structure Looks Like4 months ago | Simply Wall St
Is There An Opportunity With Tenable Holdings, Inc.'s (NASDAQ:TENB) 36% Undervaluation?Valuation
Is Tenable Holdings undervalued compared to its fair value and its price relative to the market?
28.24x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: TENB ($46.02) is trading above our estimate of fair value ($18.66)
Significantly Below Fair Value: TENB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TENB is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: TENB 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 TENB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TENB is overvalued based on its PB Ratio (28.2x) compared to the US Software industry average (6.9x).
Future Growth
How is Tenable Holdings forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
7.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TENB is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: TENB is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: TENB is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: TENB's revenue (15.3% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: TENB's revenue (15.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TENB's Return on Equity is forecast to be high in 3 years time (23.4%)
Past Performance
How has Tenable Holdings performed over the past 5 years?
-8.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TENB is currently unprofitable.
Growing Profit Margin: TENB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TENB is unprofitable, and losses have increased over the past 5 years at a rate of 8.3% per year.
Accelerating Growth: Unable to compare TENB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TENB is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (34.2%).
Return on Equity
High ROE: TENB has a negative Return on Equity (-16%), as it is currently unprofitable.
Financial Health
How is Tenable Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: TENB's short term assets ($497.7M) exceed its short term liabilities ($366.9M).
Long Term Liabilities: TENB's short term assets ($497.7M) exceed its long term liabilities ($162.1M).
Debt to Equity History and Analysis
Debt Level: TENB is debt free.
Reducing Debt: TENB had no debt 5 years ago.
Balance Sheet
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: Whilst unprofitable TENB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TENB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 56.5% per year.
Dividend
What is Tenable Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TENB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TENB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TENB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TENB'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 TENB'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?
4.6yrs
Average management tenure
CEO
Amit Yoran (50 yo)
4.58yrs
Tenure
US$7,450,968
Compensation
Dr. Amit Yoran, Ph.D., has been the Chairman and Chief Executive Officer of Tenable, Inc. since January 3, 2017. Dr. Yoran has been President at Tenable Holdings, Inc. since May 2018 and has been its Chief...
CEO Compensation Analysis
Compensation vs Market: Amit's total compensation ($USD7.45M) is about average for companies of similar size in the US market ($USD6.50M).
Compensation vs Earnings: Amit's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: TENB's management team is considered experienced (4.6 years average tenure).
Board Members
Experienced Board: TENB's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TENB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.5%.
Top Shareholders
Company Information
Tenable Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tenable Holdings, Inc.
- Ticker: TENB
- Exchange: NasdaqGS
- Founded: 2002
- Industry: Systems Software
- Sector: Software
- Market Cap: US$4.859b
- Shares outstanding: 105.59m
- Website: https://www.tenable.com
Number of Employees
Location
- Tenable Holdings, Inc.
- 6100 Merriweather Drive
- Columbia
- Maryland
- 21044
- United States
Listings
Biography
Tenable Holdings, Inc. provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company’s platforms include Tenable.io, a cloud-delivered sof...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/25 23:33 |
| End of Day Share Price | 2021/07/23 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.