Tenet Stock Today

THC
 Stock
  

USD 43.75  0.37  0.84%   

Market Performance
0 of 100
Odds Of Distress
Less than 10
Tenet Healthcare is trading at 43.75 as of the 9th of December 2022, a -0.84 percent down since the beginning of the trading day. The stock's open price was 44.12. Tenet Healthcare has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Tenet Healthcare are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of December 2020 and ending today, the 9th of December 2022. Click here to learn more.
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. The company has 108.12 M outstanding shares of which 4.03 M shares are at this time shorted by investors with about 1.28 days to cover. More on Tenet Healthcare

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Tenet Healthcare Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Tenet Healthcare's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tenet Healthcare or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Tenet Healthcare generated a negative expected return over the last 90 days
Tenet Healthcare has high historical volatility and very poor performance
Over 99.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Should You Invest in Tenet Healthcare Corporation Stock - Yahoo Finance
CEOSaumya Sutaria
Thematic Ideas
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Average Analyst Recommendation
Analysts covering Tenet Healthcare report their recommendations after researching Tenet Healthcare's financial statements, talking to executives and customers, or listening in on Tenet Healthcare's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Tenet Healthcare. The Tenet consensus assessment is calculated by taking the average forecast from all of the analysts covering Tenet Healthcare.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Tenet Healthcare based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Tenet Healthcare financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
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
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Tenet Healthcare's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Financial Strength
Tenet Healthcare's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Tenet Healthcare's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Tenet Healthcare's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Tenet Healthcare's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Tenet Healthcare's financial leverage. It provides some insight into what part of Tenet Healthcare's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Tenet Healthcare's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Tenet Healthcare deploys its capital and how much of that capital is borrowed.
Liquidity
Tenet Healthcare cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 15.51 B in debt with debt to equity (D/E) ratio of 3.3, meaning that the company heavily relies on borrowing funds for operations. Tenet Healthcare has a current ratio of 1.37, which is typical for the industry and considered as normal. Debt can assist Tenet Healthcare until it has trouble settling it off, either with new capital or with free cash flow. So, Tenet Healthcare's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Tenet Healthcare sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Tenet to invest in growth at high rates of return. When we think about Tenet Healthcare's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.28 Billion
Tenet Healthcare (THC) is traded on New York Stock Exchange in USA and employs 76,836 people. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.78 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Tenet Healthcare's market, we take the total number of its shares issued and multiply it by Tenet Healthcare's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Tenet Healthcare runs under Health Care Providers & Services sector within Health Care industry. The entity has 108.12 M outstanding shares of which 4.03 M shares are at this time shorted by investors with about 1.28 days to cover. Tenet Healthcare has about 2.36 B in cash with 1.57 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.19.
Check Tenet Healthcare Probability Of Bankruptcy
Ownership
Tenet Healthcare maintains a total of 108.12 Million outstanding shares. The majority of Tenet Healthcare outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Tenet Healthcare to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Tenet Healthcare. Please pay attention to any change in the institutional holdings of Tenet Healthcare as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Tenet Ownership Details

Tenet Stock Price Odds Analysis

What are Tenet Healthcare's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Tenet Healthcare jumping above the current price in 90 days from now is about 78.31%. The Tenet Healthcare probability density function shows the probability of Tenet Healthcare stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.4562. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tenet Healthcare will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Tenet Healthcare is significantly underperforming NYSE Composite.
  Odds Below 43.75HorizonTargetOdds Above 43.75
21.61%90 days
 43.75 
78.31%
Based on a normal probability distribution, the odds of Tenet Healthcare to move above the current price in 90 days from now is about 78.31 (This Tenet Healthcare probability density function shows the probability of Tenet Stock to fall within a particular range of prices over 90 days) .

Tenet Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Tenet Healthcare that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Tenet Healthcare'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 Tenet Healthcare's value.
InstituionSecurity TypeTotal SharesValue
Zweigdimenna Associates LlcCommon Shares115.5 K4.6 M
Zweigdimenna Associates LlcCommon Shares456.6 K8.8 M
View Tenet Healthcare Diagnostics

Tenet Healthcare Historical Income Statement

Tenet Healthcare Income Statement is one of the three primary financial statements used for reporting Tenet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Tenet Healthcare revenue and expense. Tenet Healthcare Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Tenet Healthcare Consolidated Income is projected to decrease significantly based on the last few years of reporting. The past year's Consolidated Income was at 158.4 Million. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 829.3 M, whereas Net Income Common Stock is forecasted to decline to (186.4 M). View More Fundamentals

Tenet Stock Against Markets

Picking the right benchmark for Tenet Healthcare stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Tenet Healthcare stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Tenet Healthcare is critical whether you are bullish or bearish towards Tenet Healthcare at a given time.

Be your own money manager

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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Tenet Healthcare Corporate Directors

Tenet Healthcare corporate directors refer to members of a Tenet Healthcare board of directors. The board of directors generally takes responsibility for the Tenet Healthcare's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Tenet Healthcare's board members must vote for the resolution. The Tenet Healthcare board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Meghan FitzGerald - Independent DirectorProfile
Christopher Lynch - Independent DirectorProfile
Cecil Haney - Independent DirectorProfile
Richard Pettingill - Independent DirectorProfile

Invested in Tenet Healthcare?

The danger of trading Tenet Healthcare is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Tenet Healthcare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Tenet Healthcare. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tenet Healthcare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the Tenet Healthcare 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running Tenet Healthcare 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.
The market value of Tenet Healthcare 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.