THC - Tenet Healthcare Corp Stock Price, Fair Value and News

125.38USD+2.54 (+2.07%)Delayed as of 09 May 2024, 11:07 am ET

Market Summary

USD125.38+2.54

Delayedas of 09 May 2024, 11:07 am

2.07%

THC Alerts

1 major insider sales recently.

Big jump in Earnings (Y/Y)

THC Stock Price

View Fullscreen

THC RSI Chart

THC Valuation

Market Cap

12.0B

Price/Earnings (Trailing)

3.58

Price/Sales (Trailing)

0.57

EV/EBITDA

3.67

Price/Free Cashflow

6.84

THC Price/Sales (Trailing)

THC Profitability

EBT Margin

20.68%

Return on Equity

67.75%

Return on Assets

11.59%

Free Cashflow Yield

14.63%

THC Fundamentals

THC Revenue

Revenue (TTM)

20.9B

Rev. Growth (Yr)

6.91%

Rev. Growth (Qtr)

-0.2%

THC Earnings

Earnings (TTM)

3.3B

Earnings Growth (Yr)

688.51%

Earnings Growth (Qtr)

411.84%

Breaking Down THC Revenue

52 Week Range

57.78125.73

(Low)(High)

Last 7 days

5.9%

Last 30 days

20.6%

Last 90 days

38.0%

Trailing 12 Months

75.0%

How does THC drawdown profile look like?

THC Financial Health

Current Ratio

1.44

Debt/Equity

2.58

Debt/Cashflow

0.2

THC Investor Care

Buy Backs (1Y)

4.17%

Diluted EPS (TTM)

25.77

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	20.9B	0	0	0
2023	19.4B	19.9B	20.2B	20.5B
2022	19.4B	19.1B	19.0B	19.2B
2021	17.9B	19.2B	19.5B	19.5B
2020	18.5B	17.5B	17.5B	17.6B
2019	18.2B	18.2B	18.3B	18.5B
2018	20.1B	19.4B	19.0B	18.3B
2017	20.8B	20.8B	20.5B	20.6B
2016	20.7B	21.1B	21.3B	21.1B
2015	18.4B	18.9B	19.5B	20.1B
2014	13.8B	15.5B	17.3B	17.9B
2013	10.0B	10.2B	10.4B	12.1B
2012	9.4B	9.6B	9.7B	9.9B
2011	9.1B	9.1B	9.1B	9.4B
2010	8.9B	8.9B	8.9B	9.0B
2009	0	8.7B	8.7B	8.8B
2008	0	0	0	8.6B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Tenet Healthcare Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	arnst thomas w	sold	-945,994	116	-8,148	evp, chief admin. officer & gc
Apr 05, 2024	sutaria saumya	gifted	-	-	-125,000	chairman & ceo
Mar 12, 2024	mark richard j	sold	-1,385,720	98.98	-14,000	-
Mar 06, 2024	arbour paola m	sold	-1,761,570	96.96	-18,168	evp, chief information officer
Mar 01, 2024	arnst thomas w	sold (taxes)	-207,721	94.29	-2,203	evp, chief admin. officer & gc
Mar 01, 2024	arnst thomas w	sold	-1,612,230	94.8373	-17,000	evp, chief admin. officer & gc
Mar 01, 2024	arbour paola m	sold (taxes)	-103,908	94.29	-1,102	evp, chief information officer
Mar 01, 2024	arbour paola m	acquired	-	-	2,799	evp, chief information officer
Mar 01, 2024	ramsey r. scott	acquired	-	-	1,399	principal accounting officer
Mar 01, 2024	ramsey r. scott	sold (taxes)	-32,152	94.29	-341	principal accounting officer

Which funds bought or sold THC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	QRG CAPITAL MANAGEMENT, INC.	new	-	276,334	276,334	-%
May 07, 2024	Steamboat Capital Partners, LLC	added	15.15	3,945,730	10,504,400	3.62%
May 07, 2024	Inspire Investing, LLC	reduced	-34.72	-36,166	357,164	0.04%
May 07, 2024	PANAGORA ASSET MANAGEMENT INC	new	-	222,308	222,308	-%
May 07, 2024	Headlands Technologies LLC	new	-	409,509	409,509	0.10%
May 07, 2024	Swiss National Bank	added	0.17	5,351,690	18,961,800	0.01%
May 07, 2024	NVWM, LLC	sold off	-100	-37,785	-	-%
May 07, 2024	Smithfield Trust Co	unchanged	-	3,000	9,000	-%
May 07, 2024	Donoghue Forlines LLC	reduced	-12.03	326,509	1,786,980	0.51%
May 07, 2024	ASSETMARK, INC	added	47.97	74,680	145,262	-%

Are Funds Buying or Selling THC?

Are funds buying THC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own THC

No. of Funds

Unveiling Tenet Healthcare Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	price t rowe associates inc /md/	7.0%	7,131,750	SC 13G
Feb 14, 2024	harris associates l p	0038%	3,900	SC 13G/A
Feb 14, 2024	glenview capital management, llc	7.62%	7,742,322	SC 13G/A
Feb 13, 2024	vanguard group inc	10.94%	11,110,396	SC 13G/A
Feb 09, 2024	invesco ltd.	5.3%	5,422,099	SC 13G
Feb 02, 2024	blackrock inc.	10.7%	10,881,666	SC 13G/A
Mar 08, 2023	blackrock inc.	11.2%	11,498,067	SC 13G/A
Feb 14, 2023	harris associates l p	5.1%	5,463,374	SC 13G/A
Feb 14, 2023	glenview capital management, llc	8.23%	8,896,111	SC 13G/A
Feb 09, 2023	vanguard group inc	10.45%	11,304,003	SC 13G/A

Recent SEC filings of Tenet Healthcare Corp

View All Filings

Date Filed	Form Type	Document
May 07, 2024	144	Notice of Insider Sale Intent
May 03, 2024	4	Insider Trading
May 01, 2024	144	Notice of Insider Sale Intent
Apr 30, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Apr 12, 2024	ARS	ARS
Apr 12, 2024	DEF 14A	DEF 14A
Apr 12, 2024	DEFA14A	DEFA14A
Apr 05, 2024	4	Insider Trading
Apr 01, 2024	8-K	Current Report

Peers (Alternatives to Tenet Healthcare Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNH	463.9B	371.6B	10.35%	2.61%	20.73	1.25	14.64%	11.24%
CI	98.7B	206.0B	-2.97%	32.18%	25.6	0.48	12.55%	-43.95%
HCA	81.0B	66.7B	-5.69%	12.88%	14.81	1.21	9.59%	-4.59%
CVS	68.9B	360.9B	-26.25%	-21.54%	9.41	0.19	9.07%	78.49%
CNC	40.5B	155.5B	3.95%	12.19%	14.8	0.26	6.34%	84.42%
DVA	11.9B	12.3B	1.61%	34.91%	14.61	0.97	5.77%	58.74%
UHS	11.4B	14.7B	-1.27%	18.38%	13.95	0.78	7.99%	19.23%
MID-CAP
CHE	8.7B	2.3B	-8.25%	4.64%	30.56	3.78	5.96%	18.29%
ACHC	6.1B	3.0B	-12.48%	-3.87%	-542.41	2.05	10.92%	-104.06%
AMN	2.3B	3.8B	2.67%	-35.23%	10.84	0.6	-27.73%	-52.50%
AMEH	2.1B	1.4B	-9.72%	19.70%	34.78	1.52	21.19%	34.42%
SMALL-CAP
ADUS	1.8B	1.1B	5.80%	29.14%	26.7	1.61	11.45%	30.74%
BKD	1.4B	3.0B	1.30%	77.47%	-7.76	0.44	4.98%	4.88%
BEAT	55.0M	-	-4.65%	-8.89%	-3.76	-	-	-12.94%
AMS	19.3M	21.3M	3.37%	9.25%	36.22	0.91	8.00%	-62.25%

Tenet Healthcare Corp News

Latest updates

Tenet Healthcare Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.2%	5,368	5,379	5,066	5,082	5,021	4,990	4,801	4,638	4,745	4,856	4,894	4,954	4,781	4,915	4,557	3,648	4,520	4,806	4,568	4,560	4,545
EBITDA Margin	76.5%	0.29*	0.16*	0.16*	0.16*	0.16*	0.16*	0.17*	0.19*	0.19*	0.19*	0.20*	0.15*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.0%	218	227	227	226	221	219	222	222	227	221	227	235	240	242	263	255	243	243	244	247	251
Income Taxes	1090.5%	750	63.00	79.00	80.00	84.00	47.00	112	86.00	99.00	108	197	61.00	45.00	130	-197	45.00	-75.00	85.00	22.00	33.00	20.00
Earnings Before Taxes	494.2%	3,084	519	345	373	380	321	380	265	378	528	774	319	267	676	-304	214	85.00	209	-125	152	84.00
EBT Margin	162.8%	0.21*	0.08*	0.07*	0.07*	0.07*	0.07*	0.08*	0.10*	0.10*	0.10*	0.10*	0.05*	-	-	-	-	-	-	-	-	-
Net Income	411.8%	2,334	456	266	293	296	274	268	179	280	419	578	257	222	546	-106	169	159	124	-146	121	72.00
Net Income Margin	151.2%	0.16*	0.06*	0.06*	0.06*	0.05*	0.05*	0.06*	0.08*	0.08*	0.08*	0.08*	0.05*	-	-	-	-	-	-	-	-	-
Free Cashflow	-43.8%	346	616	327	466	214	131	150	-33.00	73.00	53.00	321	123	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.1%	28,907	28,312	27,590	27,157	27,067	27,156	27,076	26,621	26,650	27,579	25,913	26,565	27,579	27,106	26,187	26,250	23,823	23,365	23,357	23,207	23,158
Current Assets	9.1%	7,821	7,167	6,359	5,995	5,869	5,981	5,998	6,064	6,128	1,176	6,905	7,417	6,699	1,309	7,808	7,947	5,388	1,180	4,789	4,704	4,582
Cash Equivalents	102.0%	2,481	1,228	1,054	934	766	858	1,208	1,351	1,405	2,364	2,292	2,194	2,141	2,446	3,300	3,514	613	262	314	249	252
Inventory	-3.9%	395	411	413	404	407	405	394	387	391	384	376	364	368	368	349	337	324	310	311	309	308
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,001	6,995	6,996
Goodwill	2.5%	10,568	10,307	10,415	10,350	10,258	10,123	707	206	84.00	664	65.00	76.00	25.00	1,581	78.00	76.00	83.00	7,252	34.00	18.00	3.00
Liabilities	-6.9%	21,236	22,804	22,409	22,156	22,262	22,548	22,501	22,510	22,236	23,322	22,230	23,362	23,546	24,217	24,186	24,056	21,794	21,422	21,393	21,028	21,045
Current Liabilities	13.8%	5,416	4,760	4,432	4,152	4,219	4,476	4,276	4,368	4,668	495	5,379	5,071	4,930	516	5,843	5,585	4,095	372	3,928	4,150	3,725
Long Term Debt	-14.2%	12,772	14,882	14,901	14,907	14,935	14,934	14,962	14,947	14,719	15,511	14,009	15,091	15,098	15,574	15,561	15,728	15,082	14,580	14,858	14,312	14,814
Shareholder's Equity	114.7%	3,453	1,608	1,464	2,724	2,580	2,459	2,507	2,114	2,056	2,054	1,635	1,169	1,016	937	522	633	503	437	448	670	618
Retained Earnings	1120.3%	1,959	-192	-436	-537	-660	-803	-905	-1,036	-1,074	-1,214	-1,463	-1,912	-2,031	-2,128	-2,542	-2,346	-2,434	-2,513	-2,469	-2,237	-2,254
Additional Paid-In Capital	-0.6%	4,806	4,834	4,818	4,800	4,774	4,778	4,771	4,756	4,765	4,877	4,862	4,854	4,841	4,844	4,826	4,751	4,739	4,760	4,751	4,755	4,748
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,645	5,526	5,382
Shares Outstanding	-2.0%	100	102	102	102	102	107	108	108	107	107	107	107	-	-	-	-	-	-	-	-	-
Minority Interest	-1.3%	1,490	1,509	1,414	1,381	1,347	1,317	1,272	1,027	1,000	659	913	908	893	621	896	890	861	579	830	825	808
Float	-	-	-	-	6,400	-	-	-	5,600	-	-	-	5,400	-	-	-	1,100	-	-	-	1,200	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-28.9%	586	824	503	598	449	421	315	119	228	357	432	245	534	446	593	2,239	129	520	419	284	10.00
Share Based Compensation	-5.6%	17.00	18.00	15.00	19.00	14.00	9.00	13.00	18.00	16.00	13.00	13.00	16.00	14.00	6.00	11.00	14.00	13.00	8.00	11.00	12.00	11.00
Cashflow From Investing	1099.4%	3,328	-333	-169	-181	-286	-306	-302	-140	-60.00	-1,516	997	-50.00	-145	-1,202	-117	-85.00	-204	-193	-123	-164	-139
Cashflow From Financing	-739.4%	-2,661	-317	-214	-249	-255	-465	-156	-33.00	-1,127	1,231	-1,331	-142	-694	-98.00	-690	747	426	-379	-231	-123	-30.00
Buy Backs	152.7%	278	110	-	40.00	50.00	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

THC Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net operating revenues	$ 5,368	$ 5,021
Grant income	0	3
Equity in earnings of unconsolidated affiliates	59	50
Operating expenses:
Salaries, wages and benefits	2,321	2,258
Supplies	928	891
Other operating expenses, net	1,154	1,093
Depreciation and amortization	208	217
Impairment and restructuring charges, and acquisition-related costs	27	21
Litigation and investigation costs	4	4
Net gains on sales, consolidation and deconsolidation of facilities	(2,500)	(13)
Operating income	3,285	603
Interest expense	(218)	(221)
Other non-operating income (expense), net	25	(2)
Loss from early extinguishment of debt	(8)	0
Income before income taxes	3,084	380
Income tax expense	(750)	(84)
Net income	2,334	296
Less: Net income available to noncontrolling interests	183	153
Net income available to Tenet Healthcare Corporation common shareholders	$ 2,151	$ 143
Earnings per share available to Tenet Healthcare Corporation common shareholders:
Basic earnings per share ((in dollars per share)	$ 21.60	$ 1.40
Diluted earnings per share (in dollars per share)	$ 21.38	$ 1.32
Weighted average shares and dilutive securities outstanding (in thousands):
Basic (in shares)	99,581	102,289
Diluted (in shares)	100,598	106,006

THC Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,481	$ 1,228
Accounts receivable	3,148	2,914
Inventories of supplies, at cost	395	411
Assets held for sale	22	775
Other current assets	1,775	1,839
Total current assets	7,821	7,167
Investments and other assets	3,244	3,157
Deferred income taxes	20	77
Property and equipment, at cost, less accumulated depreciation and amortization ($5,908 at March 31, 2024 and $6,478 at December 31, 2023)	5,855	6,236
Goodwill	10,568	10,307
Other intangible assets, at cost, less accumulated amortization ($1,312 at March 31, 2024 and $1,447 at December 31, 2023)	1,399	1,368
Total assets	28,907	28,312
Current liabilities:
Current portion of long-term debt	107	120
Accounts payable	1,335	1,408
Accrued compensation and benefits	775	930
Professional and general liability reserves	266	254
Accrued interest payable	249	200
Liabilities held for sale	11	69
Income tax payable	805	23
Other current liabilities	1,868	1,756
Total current liabilities	5,416	4,760
Long-term debt, net of current portion	12,772	14,882
Professional and general liability reserves	794	792
Defined benefit plan obligations	334	335
Deferred income taxes	231	326
Other long-term liabilities	1,689	1,709
Total liabilities	21,236	22,804
Commitments and contingencies
Redeemable noncontrolling interests in equity of consolidated subsidiaries	2,728	2,391
Shareholders’ equity:
Common stock, $0.05 par value; authorized 262,500 shares; 157,805 shares issued at March 31, 2024 and 157,271 shares issued at December 31, 2023	8	8
Additional paid-in capital	4,806	4,834
Accumulated other comprehensive loss	(179)	(181)
Retained earnings (accumulated deficit)	1,959	(192)
Common stock in treasury, at cost, 60,132 shares at March 31, 2024 and 57,321 shares at December 31, 2023	(3,141)	(2,861)
Total shareholders’ equity	3,453	1,608
Noncontrolling interests	1,490	1,509
Total equity	4,943	3,117
Total liabilities and equity	$ 28,907	$ 28,312

About Tenet Healthcare Corp

Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates through three segments: Hospital Operations, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and/or coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, and telemedicine access services. In addition, it operates ambulatory surgery centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals. Further, the company offers end-to-end and focused-point business process services in the areas of hospital and physician revenue cycle management, patient communications and engagement support, and value-based care solutions to hospitals, health systems, physician practices, employers, and other customers. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.

CEO	Dr. Saumya Sutaria M.D.
WEBSITE	tenethealth.com
INDUSTRY	Healthcare Plans
EMPLOYEES	65535

Tenet Healthcare Corp Frequently Asked Questions

What is the ticker symbol for Tenet Healthcare Corp? What does THC stand for in stocks?

THC is the stock ticker symbol of Tenet Healthcare Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Tenet Healthcare Corp (THC)?

As of Wed May 08 2024, market cap of Tenet Healthcare Corp is 12 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of THC stock?

You can check THC's fair value in chart for subscribers.

What is the fair value of THC stock?

You can check THC's fair value in chart for subscribers. The fair value of Tenet Healthcare Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Tenet Healthcare Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for THC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Tenet Healthcare Corp a good stock to buy?

The fair value guage provides a quick view whether THC is over valued or under valued. Whether Tenet Healthcare Corp is cheap or expensive depends on the assumptions which impact Tenet Healthcare Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for THC.

What is Tenet Healthcare Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, THC's PE ratio (Price to Earnings) is 3.58 and Price to Sales (PS) ratio is 0.57. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. THC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Tenet Healthcare Corp's stock?

In the past 10 years, Tenet Healthcare Corp has provided 0.107 (multiply by 100 for percentage) rate of return.