Tenable Holdings
Market Cap
US$3.0b
Last Updated
2020/07/06 23:58 UTC
Data Sources
Company Financials +
Executive Summary
Tenable Holdings, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1.6% per year for the next 3 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Excellent balance sheet and overvalued.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.8%
TENB
5.7%
US Software
4.3%
US Market
1 Year Return
1.9%
TENB
37.8%
US Software
7.4%
US Market
Return vs Industry: TENB underperformed the US Software industry which returned 35.3% over the past year.
Return vs Market: TENB underperformed the US Market which returned 5% over the past year.
Shareholder returns
| TENB | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 5.7% | 4.3% |
| 30 Day | 0.2% | 10.9% | 0.5% |
| 90 Day | 44.3% | 36.2% | 23.0% |
| 1 Year | 1.9%1.9% | 38.8%37.8% | 9.7%7.4% |
| 3 Year | n/a | 157.6%148.8% | 38.3%29.2% |
| 5 Year | n/a | 249.7%229.0% | 66.0%47.6% |
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
2 months ago | Simply Wall St
We're Not Worried About Tenable Holdings's (NASDAQ:TENB) Cash Burn3 months ago | Simply Wall St
Those Who Purchased Tenable Holdings (NASDAQ:TENB) Shares A Year Ago Have A 41% Loss To Show For It5 months ago | Simply Wall St
Tenable Holdings (NASDAQ:TENB) Is In A Strong Position To Grow Its BusinessValuation
Is Tenable Holdings undervalued compared to its fair value and its price relative to the market?
15.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TENB ($29.67) is trading below our estimate of fair value ($35.06)
Significantly Below Fair Value: TENB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TENB is unprofitable, so we can't compare its PE Ratio to the 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 (29.6x) compared to the US Software industry average (6.5x).
Next Steps
Future Growth
How is Tenable Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
-1.6%
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 (16.5% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: TENB's revenue (16.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TENB is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Tenable Holdings performed over the past 5 years?
-30.9%
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 -30.9% 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 (7.9%).
Return on Equity
High ROE: TENB has a negative Return on Equity (-100.17%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tenable Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: TENB's short term assets ($355.5M) exceed its short term liabilities ($318.8M).
Long Term Liabilities: TENB's short term assets ($355.5M) exceed its long term liabilities ($130.4M).
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: TENB has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TENB has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
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?
3.9yrs
Average management tenure
CEO
Amit Yoran (49yo)
3.58yrs
Tenure
US$7,023,769
Compensation
Dr. Amit Yoran, Ph.D., has been the Chairman, Chief Executive Officer of Tenable Network Security since January 3, 2017. Dr. Yoran has been President at Tenable Holdings, Inc. since May 2018 and has been i ...
CEO Compensation Analysis
Compensation vs Market: Amit's total compensation ($USD7.02M) is about average for companies of similar size in the US market ($USD5.83M).
Compensation vs Earnings: Amit's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.58yrs | US$7.02m | 1.31% $39.0m | |
| Co-Founder & Director | 18.5yrs | US$7.50k | 3.73% $110.8m | |
| Chief Financial Officer | 5.75yrs | US$4.60m | 0.12% $3.5m | |
| General Counsel & Corporate Secretary | 4.17yrs | US$1.89m | 0.0087% $259.2k | |
| CTO & Co-Founder | 18.5yrs | no data | no data | |
| Chief Operating Officer | no data | no data | no data | |
| Chief Information Officer | 2.75yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | 3.42yrs | no data | no data | |
| Senior Vice President of Corporate Development & Strategy | 0.92yr | no data | no data |
3.9yrs
Average Tenure
50yo
Average Age
Experienced Management: TENB's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.58yrs | US$7.02m | 1.31% $39.0m | |
| Co-Founder & Director | 18.5yrs | US$7.50k | 3.73% $110.8m | |
| Independent Director | 2.75yrs | US$249.98k | 0.030% $890.2k | |
| Independent Director | 2.42yrs | US$247.48k | 0.014% $422.5k | |
| Independent Director | 0.92yr | US$420.00k | no data | |
| Independent Director | 4.58yrs | no data | 0.014% $414.5k | |
| Director | 2.17yrs | US$241.98k | 0.014% $419.9k | |
| Independent Director | 7.75yrs | no data | 0.49% $14.5m | |
| Independent Director | 2.08yrs | US$243.98k | 0.021% $622.4k |
2.8yrs
Average Tenure
53yo
Average Age
Experienced Board: TENB's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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 3.7%.
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$2.969b
- Shares outstanding: 100.08m
- Website: https://www.tenable.com
Number of Employees
Location
- Tenable Holdings, Inc.
- 7021 Columbia Gateway Drive
- Suite 500
- Columbia
- Maryland
- 21046
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TENB | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2018 |
| TE7 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2018 |
| 0ZC0 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jul 2018 |
Biography
Tenable Holdings, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization’s cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk. It offers Tenable.io, a software as a service that manages and measures cyber exposure across a range of traditional information technology (IT) assets, such as networking infrastructure, desktops, and on-premises servers, as well as modern IT assets, such as cloud workloads, containers, Web applications, and Internet of Things and operational technology assets; and Tenable.sc, a solution to manage and measure cyber exposure across traditional information technology assets and can be run on-premises. The company was founded in 2002 and is headquartered in Columbia, Maryland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/06 23:58 |
| End of Day Share Price | 2020/07/06 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.