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Tenet Healthcare Corp THC

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Stock XNYS Rating as of
$151.63 +1.89 (1.26%)
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As of Delayed Price Closed
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Company Report

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Tenet Earnings: Raising FVE on Positive Results Driven by Higher-Acuity Services Expansion

Julie Utterback,

No-moat Tenet Healthcare posted strong second-quarter results above our expectations. We are raising our fair value estimate to $128 per share from $104 due to an increased near-term outlook based on robust medical utilization trends and expanded higher-acuity offerings. Despite the 23% fair value estimate increase, we still view Tenet’s shares as slightly overvalued.

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Price vs Fair Value

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THC is trading at a 545% premium.
Price
$151.63
Fair Value
$658.00
Uncertainty
High
1-Star Price
$128.90
5-Star Price
$83.40
Economic Moat
Whnt
Capital Allocation
Sdtkzynz

Bulls Say, Bears Say

Bulls

With new management in place since late 2017, Tenet has become a more efficient and more profitable organization, suggesting that the team is making progress operationally.

Bears

Tenet operates with significant financial leverage that adds both fixed costs and some refinancing risk to the organization.

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News

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Trading Information

Previous Close Price
$149.74
Day Range
$148.38–152.37
52-Week Range
$51.04–152.37
Bid/Ask
$125.03 / $166.99
Market Cap
$14.81 Bil
Volume/Avg
1.5 Mil / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
17.27
Price/Sales
0.74
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
4.44%

Company Profile

Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 50 as of July 2024) and over 500 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
Sector
Healthcare
Industry
Medical Care Facilities
Stock Style Box
Mid Core
Total Number of Employees
106,500
Website
https://www.tenethealth.com

Competitors

Valuation

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Metric
THC
HCA
DVA
Price/Earnings (Normalized)
 17.2718.2314.97
Price/Book Value
 4.26—13.01
Price/Sales
 0.741.401.03
Price/Cash Flow
 8.299.236.40
Price/Earnings
THC
HCA
DVA

Financial Strength

Metric
THC
HCA
DVA
Quick Ratio
 1.230.861.30
Current Ratio
 1.441.161.43
Interest Coverage
 5.815.074.36
Quick Ratio
THC
HCA
DVA

Profitability

Metric
THC
HCA
DVA
Return on Assets (Normalized)
 3.29%9.68%6.99%
Return on Equity (Normalized)
 50.21%—118.17%
Return on Invested Capital (Normalized)
 7.95%16.36%10.75%
Return on Assets
THC
HCA
DVA
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Medical Care Facilities Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
HCA Healthcare Inc
HCA
SyyjfpndPwchjb$92.9 Bil
 Fresenius SE & Co KGaA ADR
FSNUY
—Rcngjhn$19.5 Bil
 Fresenius SE & Co KGaA
FSNUF
—Bqzdsj$19.5 Bil
 Universal Health Services Inc Class B
UHS
—Vtrwtps$14.3 Bil
 DaVita Inc
DVA
HcpjznnlJqsgn$12.1 Bil
 Fresenius Medical Care AG
FMCQF
—Wpyn$12.0 Bil
 Fresenius Medical Care AG ADR
FMS
ZprkxXgcnvyf$12.0 Bil
 Bangkok Dusit Medical Services PCL Shs Foreign Registered
BDULF
—Wgmgt$11.6 Bil
 AMN Healthcare Services Inc
AMN
YmchjnvyWkzrtj$2.4 Bil

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