TNC - Tennant Co Stock Price, Fair Value and News

104.90USD-0.58 (-0.55%)Market Closed

Market Summary

USD104.90-0.58

Market Closed

-0.55%

TNC Stock Price

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TNC RSI Chart

TNC Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

17.55

Price/Sales (Trailing)

1.6

EV/EBITDA

11.71

Price/Free Cashflow

14.12

TNC Price/Sales (Trailing)

TNC Profitability

EBT Margin

10.16%

Return on Equity

18.44%

Return on Assets

9.86%

Free Cashflow Yield

7.08%

TNC Fundamentals

TNC Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

1.7%

Rev. Growth (Qtr)

-0.13%

TNC Earnings

Earnings (TTM)

113.6M

Earnings Growth (Yr)

16.87%

Earnings Growth (Qtr)

-8.39%

Breaking Down TNC Revenue

Last 7 days

-1.3%

Last 30 days

-9.3%

Last 90 days

3.4%

Trailing 12 Months

34.2%

How does TNC drawdown profile look like?

TNC Financial Health

Current Ratio

2.15

Debt/Equity

0.34

Debt/Cashflow

0.77

TNC Investor Care

Dividend Yield

1.02%

Dividend/Share (TTM)

1.08

Shares Dilution (1Y)

2.69%

Diluted EPS (TTM)

6.02

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.2B	0	0	0
2023	1.1B	1.2B	1.2B	1.2B
2022	1.1B	1.1B	1.1B	1.1B
2021	1.0B	1.1B	1.1B	1.1B
2020	1.1B	1.0B	1.0B	1.0B
2019	1.1B	1.1B	1.1B	1.1B
2018	1.1B	1.1B	1.1B	1.1B
2017	1.0B	1.0B	1.0B	1.0B
2016	819.8M	873.7M	935.5M	1.0B
2015	817.9M	815.6M	813.1M	808.6M
2014	767.9M	786.7M	800.8M	822.0M
2013	733.4M	734.1M	744.4M	752.0M
2012	755.1M	753.4M	744.6M	739.0M
2011	690.2M	725.3M	743.6M	754.0M
2010	613.8M	631.8M	649.7M	667.7M
2009	0	0	0	595.9M

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

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Tracking the Latest Insider Buys and Sells of Tennant Co

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	morse timothy r.	acquired	-	-	1,073	-
May 08, 2024	arvani azita	acquired	-	-	1,073	-
May 08, 2024	green maria c	acquired	-	-	1,073	-
May 08, 2024	eicher carol s	acquired	-	-	1,073	-
May 08, 2024	windley david	acquired	-	-	1,073	-
May 08, 2024	mulligan donal l	acquired	-	-	1,073	-
May 08, 2024	hider andrew p.	acquired	-	-	1,073	-
May 07, 2024	west fay	sold (taxes)	-120,685	106	-1,128	senior vp, cfo
Mar 08, 2024	erickson kristin a.	acquired	40,699	73.2	556	svp, general counsel
Mar 08, 2024	erickson kristin a.	sold	-61,160	110	-556	svp, general counsel

Which funds bought or sold TNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-9.34	153,212	961,840	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.05	427,513	2,167,210	-%
May 16, 2024	JANE STREET GROUP, LLC	added	68.64	651,685	1,189,100	-%
May 16, 2024	Tidal Investments LLC	added	9.99	88,822	289,310	-%
May 15, 2024	Schonfeld Strategic Advisors LLC	sold off	-100	-771,180	-	-%
May 15, 2024	IRONWOOD INVESTMENT MANAGEMENT LLC	reduced	-2.01	173,807	782,317	0.38%
May 15, 2024	Walleye Capital LLC	reduced	-77.03	-1,067,980	460,659	-%
May 15, 2024	Voya Investment Management LLC	reduced	-7.34	359,180	2,024,080	-%
May 15, 2024	Man Group plc	added	7.23	4,480,280	15,490,900	0.04%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-63.26	-14,008,800	13,033,700	0.01%

Are Funds Buying or Selling TNC?

Are funds buying TNC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TNC

No. of Funds

Unveiling Tennant Co's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	arrowmark colorado holdings llc	0%	0	SC 13G/A
Feb 14, 2024	mairs & power inc	6.57%	1,227,944	SC 13G/A
Feb 13, 2024	vanguard group inc	12.05%	2,250,515	SC 13G/A
Jan 22, 2024	blackrock inc.	16.7%	3,128,203	SC 13G/A
Feb 15, 2023	arrowmark colorado holdings llc	9.33%	1,735,429	SC 13G/A
Feb 14, 2023	mairs & power inc	8.8%	1,632,438	SC 13G/A
Feb 09, 2023	vanguard group inc	11.54%	2,146,009	SC 13G/A
Jan 23, 2023	blackrock inc.	16.4%	3,054,544	SC 13G/A
Feb 14, 2022	mairs & power inc	9.1%	1,683,174	SC 13G/A
Feb 14, 2022	arrowmark colorado holdings llc	10.90%	2,020,661	SC 13G/A

Recent SEC filings of Tennant Co

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 16, 2024	3	Insider Trading
May 16, 2024	8-K	Current Report
May 10, 2024	3	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading

Peers (Alternatives to Tennant Co)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	176.0B	67.0B	-0.57%	65.92%	15.65	2.63	8.59%	58.17%
GE	175.0B	69.5B	2.71%	53.73%	49.85	2.52	16.04%	-60.91%
CMI	39.1B	34.0B	-1.97%	33.06%	18.95	1.15	12.85%	-19.64%
AME	38.6B	6.7B	-6.32%	12.86%	29.28	5.73	7.11%	10.53%
ACM	12.2B	15.3B	-3.16%	12.28%	-885.03	0.79	13.36%	-103.70%
MID-CAP
APG	9.8B	6.9B	-3.29%	52.06%	57.15	1.42	3.19%	62.26%
FLR	6.6B	15.5B	-3.16%	34.99%	21.56	0.42	7.53%	3145.00%
FLS	6.5B	4.4B	8.65%	40.81%	27.89	1.48	17.31%	1.26%
ACA	4.2B	2.4B	12.71%	24.81%	29.5	1.79	4.48%	-49.27%
ALG	2.3B	1.7B	-5.99%	7.81%	17.35	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.4B	1.4B	46.91%	-37.28%	24.47	1.02	-13.54%	-25.70%
AGX	872.9M	573.3M	9.79%	57.95%	26.98	1.52	26.00%	-2.24%
NKLA	732.5M	35.8M	-15.62%	-26.90%	-0.78	20.44	-27.93%	-18.06%
AMSC	430.6M	135.4M	17.93%	212.03%	-26.25	3.18	-25.90%	65.37%
ADES	247.8M	100.1M	1.25%	441.48%	-30.37	2.47	2.80%	39.07%

Tennant Co News

Latest updates

Tennant Co Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
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	-0.1%	311	311	305	322	306	291	263	280	258	276	272	279	263	273	262	214	252	295	281	300	263
Gross Profit	5.1%	138	131	132	140	126	115	101	106	99.00	101	109	115	113	112	104	90.00	103	119	114	121	108
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	77.00	101	86.00	68.00	88.00	99.00	93.00	101	97.00
S&GA Expenses	-6.1%	90.00	96.00	88.00	87.00	82.00	79.00	71.00	79.00	77.00	79.00	77.00	86.00	79.00	95.00	78.00	60.00	81.00	90.00	84.00	93.00	90.00
R&D Expenses	-4.7%	10.00	11.00	9.00	9.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	7.00	9.00	7.00	7.00	7.00	9.00	8.00	8.00	7.00
EBITDA Margin	1.3%	0.14*	0.14*	0.15*	0.14*	0.12*	0.11*	0.10*	0.10*	0.09*	0.11*	0.10*	0.10*	-	-	-	-	-	-	-	-	-
Interest Expenses	87.5%	5.00	2.00	4.00	6.00	5.00	2.00	3.00	1.00	1.00	3.00	1.00	2.00	4.00	4.00	4.00	5.00	5.00	7.00	5.00	5.00	-4.20
Income Taxes	174.4%	7.00	-9.00	7.00	9.00	8.00	1.00	4.00	4.00	4.00	4.00	1.00	-2.60	7.00	2.00	1.00	4.00	1.00	3.00	2.00	2.00	1.00
Earnings Before Taxes	59.5%	35.00	22.00	30.00	40.00	32.00	25.00	20.00	20.00	15.00	12.00	22.00	7.00	33.00	4.00	13.00	18.00	6.00	14.00	17.00	17.00	7.00
EBT Margin	2.1%	0.10*	0.10*	0.10*	0.10*	0.08*	0.07*	0.06*	0.06*	0.05*	0.07*	0.06*	0.05*	-	-	-	-	-	-	-	-	-
Net Income	-8.4%	28.00	31.00	23.00	31.00	24.00	24.00	16.00	17.00	10.00	8.00	22.00	10.00	26.00	3.00	12.00	14.00	5.00	11.00	15.00	15.00	5.00
Net Income Margin	3.3%	0.09*	0.09*	0.08*	0.08*	0.07*	0.06*	0.05*	0.05*	0.05*	0.06*	0.05*	0.05*	-	-	-	-	-	-	-	-	-
Free Cashflow	-100.2%	-0.10	56.00	51.00	34.00	24.00	8.00	-24.10	-19.00	-15.10	-0.90	21.00	16.00	-	-	-	-	-	-	-	-	-

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	3.4%	1,152	1,113	1,059	1,108	1,101	1,085	1,005	1,025	1,050	1,062	1,067	1,081	1,081	1,083	1,064	1,028	1,150	1,063	1,045	1,071	1,041
Current Assets	-1.4%	561	569	555	590	582	575	522	521	525	527	526	522	531	494	491	461	585	481	480	479	452
Cash Equivalents	-24.2%	89.00	117	97.00	96.00	91.00	77.00	59.00	74.00	110	124	141	135	175	141	125	99.00	192	75.00	72.00	72.00	47.00
Inventory	3.1%	181	176	185	198	204	207	200	189	184	161	158	148	161	128	134	150	155	150	161	160	158
Net PPE	-	-	-	182	185	183	180	166	169	171	173	170	172	171	186	178	179	174	173	168	173	175
Goodwill	2.6%	192	187	181	186	185	182	169	180	190	193	198	202	199	208	201	194	191	195	185	193	190
Liabilities	0.1%	536	535	513	586	608	613	579	591	613	627	624	644	659	677	668	655	792	702	705	736	721
Current Liabilities	-4.9%	260	274	245	258	257	262	244	265	266	290	276	284	277	254	244	252	225	275	270	260	267
Long Term Debt	6.8%	207	194	216	273	294	295	276	261	277	263	265	266	272	298	308	298	463	308	322	346	330
Shareholder's Equity	6.7%	616	577	545	522	493	471	427	434	437	435	443	438	421	406	395	373	359	361	340	335	320
Retained Earnings	4.2%	571	547	522	504	477	458	439	428	416	411	407	390	385	363	365	357	347	346	339	329	318
Additional Paid-In Capital	33.3%	87.00	65.00	71.00	54.00	53.00	56.00	57.00	55.00	55.00	54.00	61.00	65.00	59.00	55.00	52.00	49.00	49.00	46.00	40.00	35.00	32.00
Accumulated Depreciation	1.1%	307	304	300	297	287	279	261	262	265	258	268	263	255	252	259	250	242	239	244	241	231
Shares Outstanding	0.6%	19.00	19.00	19.00	19.00	19.00	19.00	18.00	18.00	19.00	18.00	19.00	19.00	-	-	-	-	-	-	-	-	-
Minority Interest	0%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00
Float	-	-	-	-	1,487	-	-	-	1,091	-	-	-	1,476	-	-	-	1,108	-	-	-	1,095	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
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	-95.5%	2,900	63,800	54,400	39,100	31,100	13,700	-15,200	-13,500	-10,100	6,500	25,100	19,400	18,400	36,300	49,000	39,800	8,700	25,700	35,300	22,500	-11,600
Share Based Compensation	6.7%	3,200	3,000	4,700	2,700	1,200	3,400	1,700	900	1,800	-	2,500	3,900	3,100	1,300	1,900	-	2,800	2,700	3,700	1,700	3,300
Cashflow From Investing	-657.5%	-60,600	-8,000	-3,200	-5,200	-6,800	-5,500	-8,900	-1,500	-8,600	-10,900	-4,100	-3,100	19,800	-4,400	-7,100	-6,000	-12,400	-18,100	-2,900	-5,000	-29,600
Cashflow From Financing	175.8%	26,900	-35,500	-49,000	-27,800	-10,300	9,300	11,000	-20,500	8,300	-12,200	-13,700	-56,800	-1,800	-18,300	-19,800	-127,700	123,000	-4,600	-14,500	-9,800	1,500
Dividend Payments	0%	5,300	5,300	5,000	4,900	4,900	4,900	4,800	4,600	4,600	4,600	4,300	4,400	4,200	4,200	4,000	4,100	4,000	4,000	4,000	4,000	4,000
Buy Backs	-89.0%	1,100	10,000	1,700	5,000	5,000	5,000	-	-	-	7,500	7,500	-	-	-	-	-	-	-	-	-	-

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TNC Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 311.0	$ 305.8
Cost of sales	173.5	180.3
Gross profit	137.5	125.5
Selling and administrative expense	89.9	81.7
Research and development expense	10.1	7.9
Operating income	37.5	35.9
Interest expense, net	(2.3)	(3.7)
Net foreign currency transaction loss	(0.2)	(0.1)
Other income (expense), net	0.1	(0.1)
Income before income taxes	35.1	32.0
Income tax expense	6.7	7.7
Net income	$ 28.4	$ 24.3
Net income per share
Basic (in dollars per share)	$ 1.52	$ 1.32
Diluted (in dollars per share)	$ 1.49	$ 1.30
Weighted average shares outstanding
Basic (in shares)	18,665,570	18,449,430
Diluted (in shares)	19,077,767	18,682,268

TNC Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash, cash equivalents, and restricted cash	$ 88.8	$ 117.1
Receivables, less allowances of $7.1 and $7.2, respectively	257.3	247.6
Inventories	181.4	175.9
Prepaid and other current assets	33.6	28.5
Total current assets	561.1	569.1
Property, plant and equipment, less accumulated depreciation of $307.4 and $304.0, respectively	184.7	187.7
Operating lease assets	40.4	41.7
Goodwill	192.2	187.4
Intangible assets, net	72.3	63.1
Other assets	101.0	64.4
Total assets	1,151.7	1,113.4
LIABILITIES AND EQUITY
Current portion of long-term debt	7.2	6.4
Accounts payable	124.9	111.4
Employee compensation and benefits	46.7	67.3
Other current liabilities	81.6	88.6
Total current liabilities	260.4	273.7
Long-term debt	207.4	194.2
Long-term operating lease liabilities	27.1	27.4
Employee benefits	13.7	13.3
Deferred income taxes	8.4	5.0
Other liabilities	18.8	21.5
Total long-term liabilities	275.4	261.4
Total liabilities	535.8	535.1
Commitments and contingencies (Note 12)
Common Stock, $0.375 par value; 60,000,000 shares authorized; 19,006,838 and 18,631,384 shares issued and outstanding, respectively	7.1	7.0
Additional paid-in capital	86.5	64.9
Retained earnings	570.5	547.4
Accumulated other comprehensive loss	(49.5)	(42.3)
Total Tennant Company shareholders' equity	614.6	577.0
Noncontrolling interest	1.3	1.3
Total equity	615.9	578.3
Total liabilities and total equity	$ 1,151.7	$ 1,113.4

About Tennant Co

Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, IPC, VLX, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

CEO	Mr. David W. Huml
WEBSITE	tennantco.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	4299

Tennant Co Frequently Asked Questions

What is the ticker symbol for Tennant Co? What does TNC stand for in stocks?

TNC is the stock ticker symbol of Tennant Co. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Tennant Co (TNC)?

As of Fri May 17 2024, market cap of Tennant Co is 1.99 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TNC stock?

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

What is the fair value of TNC stock?

You can check TNC's fair value in chart for subscribers. The fair value of Tennant Co 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 Tennant Co 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 TNC 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 Tennant Co a good stock to buy?

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

What is Tennant Co's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, TNC's PE ratio (Price to Earnings) is 17.55 and Price to Sales (PS) ratio is 1.6. 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. TNC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Tennant Co's stock?

In the past 10 years, Tennant Co has provided 0.063 (multiply by 100 for percentage) rate of return.