Tennant Company Stock Z Score

TNC Stock

USD 89.69 1.80 2.05%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Tennant Piotroski F Score and Tennant Valuation analysis.

At present, Tennant's Net Invested Capital is projected to increase significantly based on the last few years of reporting. The current year's Change In Working Capital is expected to grow to about 40.3 M, whereas Capital Surpluse is forecasted to decline to about 36.4 M. At present, Tennant's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 145.5 M, whereas Total Revenue is forecasted to decline to about 627.5 M.

Tennant Company Company Z Score Analysis

Tennant's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Tennant Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Tennant is extremely important. It helps to project a fair market value of Tennant Stock properly, considering its historical fundamentals such as Z Score. Since Tennant's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tennant's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tennant's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Good Will	Current Deferred Revenue	Common Stock	Long Term Debt	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.86	0.83	0.83	0.96	0.96	0.96	0.9	0.86	0.74	0.96	-0.14	0.54	0.84	0.87	-0.5	-0.36	0.91	0.71	0.9	-0.56	0.52	0.69	0.67	0.73	0.53
Total Stockholder Equity	0.86		0.47	0.99	0.91	0.68	0.94	0.59	0.66	0.31	0.75	-0.05	0.61	0.48	0.72	-0.54	-0.08	0.64	0.72	0.61	-0.39	0.11	0.61	0.88	0.84	0.79
Net Debt	0.83	0.47		0.43	0.71	0.94	0.67	0.96	0.8	0.94	0.91	-0.21	0.19	0.97	0.78	-0.2	-0.62	0.94	0.48	0.94	-0.59	0.8	0.48	0.35	0.47	0.17
Retained Earnings	0.83	0.99	0.43		0.91	0.65	0.93	0.54	0.62	0.26	0.7	0.01	0.64	0.43	0.69	-0.58	-0.09	0.6	0.63	0.57	-0.29	0.09	0.54	0.85	0.81	0.78
Net Receivables	0.96	0.91	0.71	0.91		0.87	0.98	0.78	0.79	0.58	0.85	-0.08	0.68	0.72	0.79	-0.65	-0.36	0.8	0.65	0.79	-0.42	0.43	0.53	0.71	0.74	0.57
Total Liab	0.96	0.68	0.94	0.65	0.87		0.86	0.97	0.88	0.9	0.97	-0.18	0.43	0.95	0.85	-0.42	-0.48	0.96	0.63	0.96	-0.6	0.69	0.65	0.47	0.58	0.32
Total Current Assets	0.96	0.94	0.67	0.93	0.98	0.86		0.76	0.82	0.55	0.86	-0.09	0.66	0.7	0.81	-0.61	-0.25	0.79	0.73	0.78	-0.47	0.33	0.64	0.74	0.79	0.59
Short Term Debt	0.9	0.59	0.96	0.54	0.78	0.97	0.76		0.8	0.93	0.96	-0.2	0.28	0.95	0.8	-0.28	-0.54	0.96	0.55	0.96	-0.58	0.78	0.59	0.42	0.5	0.31
Accounts Payable	0.86	0.66	0.8	0.62	0.79	0.88	0.82	0.8		0.74	0.86	-0.21	0.49	0.89	0.96	-0.39	-0.27	0.9	0.77	0.91	-0.56	0.39	0.66	0.5	0.71	0.33
Intangible Assets	0.74	0.31	0.94	0.26	0.58	0.9	0.55	0.93	0.74		0.83	-0.25	0.21	0.95	0.69	-0.21	-0.61	0.89	0.4	0.91	-0.51	0.86	0.48	0.1	0.25	0.01
Good Will	0.96	0.75	0.91	0.7	0.85	0.97	0.86	0.96	0.86	0.83		-0.2	0.33	0.9	0.87	-0.29	-0.41	0.96	0.7	0.94	-0.66	0.59	0.73	0.61	0.69	0.47
Current Deferred Revenue	-0.14	-0.05	-0.21	0.01	-0.08	-0.18	-0.09	-0.2	-0.21	-0.25	-0.2		0.15	-0.24	-0.18	0.14	0.09	-0.23	-0.33	-0.26	0.19	-0.17	-0.13	-0.04	-0.1	-0.01
Common Stock	0.54	0.61	0.19	0.64	0.68	0.43	0.66	0.28	0.49	0.21	0.33	0.15		0.31	0.49	-0.81	-0.05	0.35	0.43	0.36	-0.04	0.09	0.24	0.3	0.35	0.35
Long Term Debt	0.84	0.48	0.97	0.43	0.72	0.95	0.7	0.95	0.89	0.95	0.9	-0.24	0.31		0.84	-0.29	-0.51	0.95	0.56	0.96	-0.59	0.73	0.56	0.3	0.48	0.13
Property Plant Equipment	0.87	0.72	0.78	0.69	0.79	0.85	0.81	0.8	0.96	0.69	0.87	-0.18	0.49	0.84		-0.35	-0.27	0.91	0.75	0.9	-0.52	0.37	0.63	0.58	0.74	0.51
Short Term Investments	-0.5	-0.54	-0.2	-0.58	-0.65	-0.42	-0.61	-0.28	-0.39	-0.21	-0.29	0.14	-0.81	-0.29	-0.35		0.1	-0.28	-0.28	-0.31	-0.1	-0.18	-0.2	-0.19	-0.21	-0.15
Net Tangible Assets	-0.36	-0.08	-0.62	-0.09	-0.36	-0.48	-0.25	-0.54	-0.27	-0.61	-0.41	0.09	-0.05	-0.51	-0.27	0.1		-0.49	0.08	-0.53	0.1	-0.8	0.19	0.08	0.05	-0.01
Long Term Debt Total	0.91	0.64	0.94	0.6	0.8	0.96	0.79	0.96	0.9	0.89	0.96	-0.23	0.35	0.95	0.91	-0.28	-0.49		0.65	0.99	-0.58	0.67	0.6	0.5	0.64	0.41
Capital Surpluse	0.71	0.72	0.48	0.63	0.65	0.63	0.73	0.55	0.77	0.4	0.7	-0.33	0.43	0.56	0.75	-0.28	0.08	0.65		0.63	-0.72	0.05	0.7	0.69	0.78	0.57
Deferred Long Term Liab	0.9	0.61	0.94	0.57	0.79	0.96	0.78	0.96	0.91	0.91	0.94	-0.26	0.36	0.96	0.9	-0.31	-0.53	0.99	0.63		-0.53	0.69	0.57	0.44	0.58	0.36
Accumulated Depreciation	-0.56	-0.39	-0.59	-0.29	-0.42	-0.6	-0.47	-0.58	-0.56	-0.51	-0.66	0.19	-0.04	-0.59	-0.52	-0.1	0.1	-0.58	-0.72	-0.53		-0.24	-0.63	-0.44	-0.54	-0.2
Short Long Term Debt	0.52	0.11	0.8	0.09	0.43	0.69	0.33	0.78	0.39	0.86	0.59	-0.17	0.09	0.73	0.37	-0.18	-0.8	0.67	0.05	0.69	-0.24		0.08	-0.08	-0.05	-0.08
Cash And Equivalents	0.69	0.61	0.48	0.54	0.53	0.65	0.64	0.59	0.66	0.48	0.73	-0.13	0.24	0.56	0.63	-0.2	0.19	0.6	0.7	0.57	-0.63	0.08		0.47	0.56	0.36
Net Invested Capital	0.67	0.88	0.35	0.85	0.71	0.47	0.74	0.42	0.5	0.1	0.61	-0.04	0.3	0.3	0.58	-0.19	0.08	0.5	0.69	0.44	-0.44	-0.08	0.47		0.93	0.84
Net Working Capital	0.73	0.84	0.47	0.81	0.74	0.58	0.79	0.5	0.71	0.25	0.69	-0.1	0.35	0.48	0.74	-0.21	0.05	0.64	0.78	0.58	-0.54	-0.05	0.56	0.93		0.73
Capital Stock	0.53	0.79	0.17	0.78	0.57	0.32	0.59	0.31	0.33	0.01	0.47	-0.01	0.35	0.13	0.51	-0.15	-0.01	0.41	0.57	0.36	-0.2	-0.08	0.36	0.84	0.73

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Tennant

Based on the company's disclosures, Tennant Company has a Z Score of 0.0. This is 100.0% lower than that of the Machinery sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Tennant Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tennant's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tennant could also be used in its relative valuation, which is a method of valuing Tennant by comparing valuation metrics of similar companies.

Tennant is currently under evaluation in z score category among its peers.

Tennant Current Valuation Drivers

We derive many important indicators used in calculating different scores of Tennant from analyzing Tennant's financial statements. These drivers represent accounts that assess Tennant's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Tennant's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	1.4B	1.3B	1.5B	1.1B	1.7B	1.8B
Enterprise Value	1.7B	1.5B	1.7B	1.4B	1.8B	1.9B

Tennant ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Tennant's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tennant's managers, analysts, and investors.

Environmental

Governance

Social

Tennant Institutional Holders

Institutional Holdings refers to the ownership stake in Tennant that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tennant's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Tennant's value.

		Shares
Gamco Investors, Inc. Et Al	2024-09-30	474.8 K
Geode Capital Management, Llc	2024-09-30	436.9 K
Nuveen Asset Management, Llc	2024-06-30	351 K
Charles Schwab Investment Management Inc	2024-09-30	253.1 K
Assenagon Asset Management Sa	2024-09-30	233.6 K
Bank Of New York Mellon Corp	2024-06-30	193.4 K
Northern Trust Corp	2024-09-30	187 K
Prudential Financial Inc	2024-09-30	183.6 K
Gabelli Funds Llc	2024-09-30	170.4 K
Blackrock Inc	2024-06-30	3.1 M
Vanguard Group Inc	2024-09-30	2.4 M

Tennant Fundamentals

	Return On Equity	0.18
	Return On Asset	0.0733
	Profit Margin	0.09 %
	Operating Margin	0.1 %
	Current Valuation	1.85 B
	Shares Outstanding	18.87 M
	Shares Owned By Insiders	1.19 %
	Shares Owned By Institutions	95.32 %
	Number Of Shares Shorted	462.74 K
	Price To Earning	23.12 X
	Price To Book	2.62 X
	Price To Sales	1.33 X
	Revenue	1.24 B
	Gross Profit	421.2 M
	EBITDA	192.6 M
	Net Income	109.5 M
	Cash And Equivalents	77.4 M
	Cash Per Share	3.18 X
	Total Debt	242.4 M
	Debt To Equity	0.70 %
	Current Ratio	2.14 X
	Book Value Per Share	34.29 X
	Cash Flow From Operations	188.4 M
	Short Ratio	6.38 X
	Earnings Per Share	5.67 X
	Price To Earnings To Growth	2.01 X
	Target Price	129.5
	Number Of Employees	4.5 K
	Beta	1.0
	Market Capitalization	1.69 B
	Total Asset	1.11 B
	Retained Earnings	547.4 M
	Working Capital	295.4 M
	Current Asset	293.64 M
	Current Liabilities	133.22 M
	Annual Yield	0.01 %
	Five Year Return	1.30 %
	Net Asset	1.11 B
	Last Dividend Paid	1.12

About Tennant Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tennant Company's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tennant using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tennant Company based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Tennant Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tennant's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tennant Company Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tennant Company Stock:

How To Invest In Tennant

Details

Is Tennant Stock a good investment?

Details

What is Tennant's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

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Largest Specialty Industrial Machinery Companies

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Check out Tennant Piotroski F Score and Tennant Valuation analysis.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tennant. If investors know Tennant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tennant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.1)

Dividend Share

1.12

Earnings Share

5.67

Revenue Per Share

67.733

Quarterly Revenue Growth

0.036

The market value of Tennant Company is measured differently than its book value, which is the value of Tennant that is recorded on the company's balance sheet. Investors also form their own opinion of Tennant's value that differs from its market value or its book value, called intrinsic value, which is Tennant's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tennant's market value can be influenced by many factors that don't directly affect Tennant's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Tennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tennant's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tennant Company Stock Z Score

Tennant Company Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Tennant Z Score Driver Correlations

Tennant Z Score Peer Comparison

Tennant Current Valuation Drivers

Tennant ESG Sustainability

Tennant Institutional Holders

Tennant Fundamentals

About Tennant Fundamental Analysis

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