Tenet Piotroski F Score

THC
 Stock
  

USD 46.18  1.66  3.73%   

This module uses fundamental data of Tenet Healthcare to approximate its Piotroski F score. Tenet Healthcare F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Tenet Healthcare Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Tenet Healthcare financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, take a look at Tenet Healthcare Altman Z Score, Tenet Healthcare Correlation, Tenet Healthcare Valuation, as well as analyze Tenet Healthcare Alpha and Beta and Tenet Healthcare Hype Analysis.
  
The current year Total Debt is expected to grow to about 14.8 B. The current year Debt Current is expected to grow to about 185.5 M. Tenet Healthcare Interest Coverage is projected to increase slightly based on the last few years of reporting. The past year's Interest Coverage was at 3.11. The current year Long Term Debt to Equity is expected to grow to 15.48, whereas PPandE Turnover is forecasted to decline to 2.56.
At this time, it appears that Tenet Healthcare's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Tenet Healthcare Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Tenet Healthcare is to make sure Tenet is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Tenet Healthcare's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Tenet Healthcare's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted119.5 M108.6 M
Significantly Up
Decreasing
Slightly volatile
Weighted Average Shares116.9 M106.8 M
Significantly Up
Decreasing
Stable
Return on Average Assets3.613.3428
Significantly Up
Decreasing
Stable
Net Cash Flow from Operations1.3 B1.6 B
Significantly Down
Increasing
Slightly volatile
Current Liabilities4.2 B5.1 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities21.9 B26.6 B
Significantly Down
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Total Debt14.8 B13.7 B
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.890.7126
Fairly Up
Decreasing
Slightly volatile
Current Assets5.7 B7.1 B
Significantly Down
Increasing
Slightly volatile
Total Assets22.7 B27.6 B
Significantly Down
Increasing
Slightly volatile

Tenet Healthcare Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Tenet Healthcare's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Tenet Healthcare in a much-optimized way.

About Tenet Healthcare Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

116.94 Million

Tenet Healthcare Weighted Average Shares is projected to decrease significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 106.83 Million

Tenet Healthcare Current Valuation Drivers

We derive many important indicators used in calculating different scores of Tenet Healthcare from analyzing Tenet Healthcare's financial statements. These drivers represent accounts that assess Tenet Healthcare's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Tenet Healthcare's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(5.59 K)961(2.04 K)3.62 K9.04 K9.75 K
Revenue Per Employee152.43 K158.55 K162.67 K159.93 K192.73 K166.16 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.84 B2.49 B2.17 B2.57 B3.7 B3.99 B

About Tenet Healthcare Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tenet Healthcare Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tenet Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tenet Healthcare Corp 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.
Tenet Healthcare Corporation operates as a diversified healthcare services company. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas. Tenet Healthcare operates under Medical Care Facilities classification in the United States and is traded on New York Stock Exchange. It employs 76836 people.

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Our tools can tell you how much better you can do entering a position in Tenet Healthcare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, take a look at Tenet Healthcare Altman Z Score, Tenet Healthcare Correlation, Tenet Healthcare Valuation, as well as analyze Tenet Healthcare Alpha and Beta and Tenet Healthcare Hype Analysis. Note that the Tenet Healthcare Corp information on this page should be used as a complementary analysis to other Tenet Healthcare's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Tenet Healthcare Corp price analysis, check to measure Tenet Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tenet Healthcare is operating at the current time. Most of Tenet Healthcare's value examination focuses on studying past and present price action to predict the probability of Tenet Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Tenet Healthcare's price. Additionally, you may evaluate how the addition of Tenet Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Tenet Healthcare's industry 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 Tenet Healthcare. If investors know Tenet 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 Tenet Healthcare 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 YOY
(0.72) 
Market Capitalization
4.8 B
Quarterly Revenue Growth YOY
(0.019) 
Return On Assets
0.0593
Return On Equity
0.28
The market value of Tenet Healthcare Corp is measured differently than its book value, which is the value of Tenet that is recorded on the company's balance sheet. Investors also form their own opinion of Tenet Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Tenet Healthcare'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 Tenet Healthcare's market value can be influenced by many factors that don't directly affect Tenet Healthcare'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 Tenet Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine Tenet Healthcare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenet Healthcare'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.