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THC

Tenet Healthcare Corp

THC

71.54USD+2.60 (+3.77%)Market Closed
Watchlist

Market Summary

USD71.54+2.60
Market Closed
3.77%

THC Alerts

  • 1 major insider sales recently.

THC Stock Price

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THC RSI Chart

THC Valuation

Market Cap

7.3B

Price/Earnings (Trailing)

6.43

Price/Sales (Trailing)

0.36

EV/EBITDA

6.64

Price/Free Cashflow

6.38

THC Price/Sales (Trailing)

THC Profitability

EBT Margin

7.04%

Return on Equity

77.12%

Return on Assets

4.09%

Free Cashflow Yield

15.67%

THC Fundamentals

THC Revenue

Revenue (TTM)

20.2B

Revenue Y/Y

5.52%

Revenue Q/Q

-0.31%

THC Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-0.75%

Earnings Q/Q

-9.22%

Price Action

Last 7 days

0.8%

Last 30 days

31.0%

Last 90 days

-4.3%

Trailing 12 Months

62.2%

How does THC drawdown profile look like?

THC Financial Health

Current Ratio

1.43

Debt/Equity

10.18

Debt/Cashflow

0.13

THC Investor Care

Buy Backs (1Y)

5.91%

Diluted EPS (TTM)

4.38

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202319.4B19.9B20.2B0
202219.4B19.1B19.0B19.2B
202117.9B19.2B19.5B19.5B
202018.5B17.5B17.5B17.6B
201918.2B18.2B18.3B18.5B
201820.1B19.4B19.0B18.3B
201720.8B20.8B20.5B20.6B
201620.7B21.1B21.3B21.1B
201518.4B18.9B19.5B20.1B
201413.8B15.5B17.3B17.9B
201310.0B10.2B10.4B12.1B
20129.4B9.6B9.7B9.9B
20119.1B9.1B9.1B9.4B
20108.9B8.9B8.9B9.0B
200908.9B9.0B8.8B
20080008.6B

Latest Insider Trading transactions for THC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Nov 22, 2023
fisher richard w
sold
-68,220
68.22
-1,000
-
Nov 21, 2023
fisher richard w
sold
-331,650
66.33
-5,000
-
Aug 09, 2023
blunt roy
acquired
-
-
2,798
-
Jun 02, 2023
arbour paola m
acquired
1,212,950
31.4595
38,556
evp, chief information officer
Jun 02, 2023
arbour paola m
sold
-2,900,340
75.224
-38,556
evp, chief information officer
May 26, 2023
rusckowski stephen h
acquired
-
-
2,846
-
May 26, 2023
rusckowski stephen h
acquired
-
-
3,682
-
May 26, 2023
fitzgerald meghan
acquired
-
-
2,846
-
May 26, 2023
bierman james l
acquired
-
-
2,846
-
May 26, 2023
haney cecil d
acquired
-
-
3,682
-

1–10 of 50

Which funds bought or sold THC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 07, 2023
Hudson Bay Capital Management LP
added
134
4,847,470
10,231,000
0.04%
Dec 06, 2023
CITIGROUP INC
reduced
-19.46
-17,874,500
33,509,000
0.03%
Dec 01, 2023
B. Riley Wealth Advisors, Inc.
reduced
-2.93
-74,424
273,312
0.01%
Nov 30, 2023
Neo Ivy Capital Management
new
-
155,000
155,000
0.07%
Nov 27, 2023
USA FINANCIAL FORMULAS
new
-
91,719
91,719
0.14%
Nov 27, 2023
BANQUE PICTET & CIE SA
reduced
-4.51
-1,404,560
4,787,570
0.06%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-2.3
-639,151
2,419,680
-%
Nov 22, 2023
KBC Group NV
unchanged
-
-
21,000
-%
Nov 22, 2023
Graham Capital Management, L.P.
added
280
1,919,350
2,842,030
0.07%
Nov 22, 2023
Polar Capital Holdings Plc
added
211
13,385,100
22,165,600
0.16%

1–10 of 40

Latest Funds Activity

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

Schedule 13G FIlings of Tenet Healthcare Corp

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 08, 2023
invesco ltd.
3.9%
4,176,487
SC 13G/A
Jan 24, 2023
blackrock inc.
9.4%
10,147,574
SC 13G
Feb 14, 2022
glenview capital management, llc
6.84%
7,327,108
SC 13G/A
Feb 14, 2022
invesco ltd.
5.2%
5,553,758
SC 13G
Feb 11, 2022
harris associates l p
5.6%
6,000,495
SC 13G/A
Feb 10, 2022
vanguard group inc
10.13%
10,855,165
SC 13G/A

Recent SEC filings of Tenet Healthcare Corp

View All Filings
Date Filed Form Type Document
Nov 24, 2023
4
Insider Trading
Nov 22, 2023
144
Notice of Insider Sale Intent
Nov 21, 2023
144
Notice of Insider Sale Intent
Nov 17, 2023
8-K
Current Report
Oct 30, 2023
8-K
Current Report
Oct 30, 2023
10-Q
Quarterly Report
Sep 08, 2023
8-K
Current Report

Peers (Alternatives to Tenet Healthcare Corp)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
508.7B
360.0B
2.46% 0.72%
23.46
1.41
14.24% 11.62%
96.7B
347.8B
9.25% -26.74%
11.1
0.28
10.34% 159.11%
91.1B
189.9B
-12.37% -22.06%
13.64
1.92
5.24% 22.27%
69.2B
63.2B
11.16% 6.57%
12.11
1.1
5.62% 6.32%
39.4B
150.1B
4.91% -14.72%
16.13
0.26
6.04% 21.35%
MID-CAP
9.8B
11.9B
26.82% 43.59%
16.13
0.82
2.36% -10.41%
9.6B
14.0B
6.07% 6.08%
14.25
0.69
6.03% -8.61%
8.6B
2.2B
-1.60% 9.83%
35.34
3.88
4.50% -6.69%
6.7B
2.9B
-0.53% -12.01%
-365.93
2.34
13.16% -106.47%
2.6B
4.1B
13.56% -40.93%
9.25
0.63
-25.26% -41.25%
SMALL-CAP
1.6B
1.3B
4.12% 12.39%
34.86
1.17
27.06% -27.04%
1.5B
1.0B
10.48% -13.37%
25.78
1.44
10.84% 30.19%
1.0B
3.0B
22.30% 77.33%
-8.11
0.34
6.98% 58.07%
35.8M
-
8.80% -76.75%
-2.47
-
- -27.68%
15.8M
20.7M
12.00% -11.27%
54.39
0.76
6.53% -78.75%

Tenet Healthcare Corp News

Latest updates
Fitch Ratings08 Dec 202306:23 pm33 hours ago
SETE News08 Dec 202301:48 pm37 hours ago
Nasdaq29 Nov 202312:23 pm10 days ago
Nasdaq27 Nov 202308:00 am12 days ago
Yahoo Finance24 Nov 202308:00 am15 days ago
KFF Health News20 Nov 202308:00 am19 days ago
KFF Health News20 Nov 202308:00 am19 days ago
Morningstar17 Nov 202308:00 am22 days ago
Nasdaq17 Nov 202308:00 am22 days ago
Nasdaq17 Nov 202308:00 am22 days ago
GuruFocus.com15 Nov 202306:07 pm24 days ago
MarketWatch02 Nov 202307:00 am37 days ago
Yahoo Finance30 Oct 202307:00 am40 days ago
Morningstar05 Oct 202307:00 am2 months ago
The Business Journals02 Oct 202307:00 am2 months ago

Financials for Tenet Healthcare Corp

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-0.3%5,0665,0825,0214,9904,8014,6384,7454,8564,8944,9544,7814,9154,5573,6484,5204,8064,5684,5604,5454,6194,489
EBITDA Margin-1.8%0.16*0.16*0.16*0.16*0.17*0.19*0.19*0.19*0.20*0.15*0.15*0.14*0.12*0.13*0.12*------
Interest Expenses0.4%227226221219222222227221227235240242263255243243244247251246249
Income Taxes-1.2%79.0080.0084.0047.0011286.0099.0010819761.0045.00130-19745.00-75.0085.0022.0033.0020.0053.006.00
Earnings Before Taxes-7.5%345373380321380265378528774319267676-30421485.00209-12515284.0014871.00
EBT Margin-3.7%0.07*0.07*0.07*0.07*0.08*0.10*0.10*0.10*0.10*0.05*0.05*0.04*0.01*0.02*0.02*------
Net Income-9.2%266293296274268179280419578257222546-106169159124-14612172.0010265.00
Net Income Margin-1.5%0.06*0.06*0.05*0.05*0.06*0.08*0.08*0.08*0.08*0.05*0.05*0.04*0.02*0.02*0.01*------
Free Cashflow-29.8%327466214131150-33.0073.0053.003211234132805072,133-53.00------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets1.6%27,59027,15727,06727,15627,07626,62126,65027,57925,91326,56527,57927,10626,18726,25023,82323,36523,35723,20723,15822,43022,265
  Current Assets6.1%6,3595,9955,8695,9815,9986,0646,1287,0756,9057,4176,6997,1477,8087,9475,3885,0814,7894,7044,5824,6364,492
    Cash Equivalents12.8%1,0549347668581,2081,3511,4052,3642,2922,1942,1412,4463,3003,514613262314249252411500
  Inventory2.2%413404407405394387391384376364368368349337324310311309308305307
  Net PPE-----------------7,0016,9956,9966,9936,888
  Goodwill0.6%10,41510,35010,25810,12370720684.009,26165.0076.0025.001,58178.0076.0083.0043.0034.0018.003.00220211
Liabilities1.1%22,40922,15622,26222,54822,50122,51022,23623,32222,23023,36223,54624,21724,18624,05621,79421,42221,39321,02821,04520,30220,163
  Current Liabilities6.7%4,4324,1524,2194,4764,2764,3684,6685,1095,3795,0714,9304,8475,8435,5854,0954,2053,9284,1503,7253,8574,224
  Long Term Debt0.0%14,90114,90714,93514,93414,96214,94714,71915,51114,00915,09115,09815,57415,56115,72815,08214,58014,85814,31214,81414,64414,178
Shareholder's Equity-46.3%1,4642,7242,5801,1422,5072,1142,0562,0541,6351,1691,016937522633503437448670618624658
  Retained Earnings18.8%-436-537-660-803-905-1,036-1,074-1,214-1,463-1,912-2,031-2,128-2,542-2,346-2,434-2,513-2,469-2,237-2,254-2,236-2,231
  Additional Paid-In Capital0.4%4,8184,8004,7744,7784,7714,7564,7654,8774,8624,8544,8414,8444,8264,7514,7394,7604,7514,7554,7484,7474,733
Accumulated Depreciation-----------------5,6455,5265,3825,2215,169
Shares Outstanding-0.2%102102102-108108107-107107106-105105104-104103103-102
Minority Interest2.4%1,4141,3811,3471,3171,2721,0271,0001,026913908893909896890861854830825808806766
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-15.9%503,000,000598,000,000449,000,000421,000,000315,000,000119,000,000228,000,000357,000,000432,000,000245,000,000534,000,000446,000,000593,000,0002,239,000,000129,000,000520,000,000419,000,000284,000,00010,000,000250,000,000338,000,000
  Share Based Compensation-21.1%15,000,00019,000,00014,000,0009,000,00013,000,00018,000,00016,000,00013,000,00013,000,00016,000,00014,000,0006,000,00011,000,00014,000,00013,000,0008,000,00011,000,00012,000,00011,000,00012,000,00014,000,000
Cashflow From Investing6.6%-169,000,000-181,000,000-286,000,000-306,000,000-302,000,000-140,000,000-60,000,000-1,516,000,000997,000,000-50,000,000-145,000,000-1,202,000,000-117,000,000-85,000,000-204,000,000-193,000,000-123,000,000-164,000,000-139,000,000-235,000,000-105,000,000
Cashflow From Financing14.1%-214,000,000-249,000,000-255,000,000-465,000,000-156,000,000-33,000,000-1,127,000,0001,231,000,000-1,331,000,000-142,000,000-694,000,000-98,000,000-690,000,000747,000,000426,000,000-379,000,000-231,000,000-123,000,000-30,000,000-104,000,000-136,000,000
  Buy Backs-100.0%-40,000,00050,000,000250,000,000-----------------

THC Income Statement

2023-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]    
Net operating revenues $ 5,066$ 4,801$ 15,169$ 14,184
Grant income35414154
Equity in earnings of unconsolidated affiliates5151155151
Operating expenses:    
Salaries, wages and benefits2,2882,2306,8316,538
Supplies8778172,6592,413
Other operating expenses, net1,1011,0183,3192,966
Depreciation and amortization224209654628
Impairment and restructuring charges, and acquisition-related costs47248497
Litigation and investigation costs14122850
Net losses (gains) on sales, consolidation and deconsolidation of facilities10(12)0
Operating income5685961,7751,797
Interest expense(227)(222)(674)(671)
Other non-operating income, net4686
Loss from early extinguishment of debt00(11)(109)
Income from continuing operations, before income taxes3453801,0981,023
Income tax expense(79)(112)(243)(297)
Income from continuing operations, before discontinued operations266268855726
Income from discontinued operations, net of tax0001
Net income266268855727
Less: Net income available to noncontrolling interests165137488418
Net income available to Tenet Healthcare Corporation common shareholders101131367309
Amounts available to Tenet Healthcare Corporation common shareholders:    
Income from continuing operations, net of tax101131367308
Income from discontinued operations, net of tax0001
Net income available to Tenet Healthcare Corporation common shareholders$ 101$ 131$ 367$ 309
Basic    
Continuing operations (in dollars per share)$ 0.99$ 1.21$ 3.60$ 2.86
Discontinued operations (in dollars per share)0000.01
Total earnings per share, basic (in dollars per share)0.991.213.602.87
Diluted    
Continuing operations (in dollars per share)0.941.163.412.81
Discontinued operations (in dollars per share)0000.01
Total earnings per share, diluted (in dollars per share)$ 0.94$ 1.16$ 3.41$ 2.82
Weighted average shares and dilutive securities outstanding (in thousands):    
Basic (in shares)101,544107,923101,869107,732
Diluted (in shares)104,425109,888105,021112,288

THC Balance Sheet

2023-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 1,054$ 858
Accounts receivable2,8972,943
Inventories of supplies, at cost413405
Assets held for sale1400
Other current assets1,8551,775
Total current assets 6,3595,981
Investments and other assets3,1523,147
Deferred income taxes419
Property and equipment, at cost, less accumulated depreciation and amortization ($6,462 at September 30, 2023 and $6,201 at December 31, 2022)6,2606,462
Goodwill10,41510,123
Other intangible assets, at cost, less accumulated amortization ($1,463 at September 30, 2023 and $1,428 at December 31, 2022)1,4001,424
Total assets 27,59027,156
Current liabilities:  
Current portion of long-term debt141145
Accounts payable1,2021,504
Accrued compensation and benefits787778
Professional and general liability reserves264255
Accrued interest payable273213
Liabilities held for sale170
Contract liabilities86110
Other current liabilities1,6621,471
Total current liabilities 4,4324,476
Long-term debt, net of current portion14,90114,934
Professional and general liability reserves787790
Defined benefit plan obligations327331
Deferred income taxes278217
Other long-term liabilities1,6841,800
Total liabilities 22,40922,548
Commitments and contingencies
Redeemable noncontrolling interests in equity of consolidated subsidiaries2,3032,149
Shareholders’ equity:  
Common stock, $0.05 par value; authorized 262,500 shares; 157,247 shares issued at September 30, 2023 and 156,462 shares issued at December 31, 202288
Additional paid-in capital4,8184,778
Accumulated other comprehensive loss(176)(181)
Accumulated deficit(436)(803)
Common stock in treasury, at cost, 55,695 shares at September 30, 2023 and 54,216 shares at December 31, 2022(2,750)(2,660)
Total shareholders’ equity1,4641,142
Noncontrolling interests 1,4141,317
Total equity 2,8782,459
Total liabilities and equity $ 27,590$ 27,156
THC
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
 WEBSITEwww.tenethealth.com
 EMPLOYEES65535

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 Fri Dec 08 2023, market cap of Tenet Healthcare Corp is 7.26 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. 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 Fri Dec 08 2023, THC's PE ratio (Price to Earnings) is 6.43 and Price to Sales (PS) ratio is 0.36. 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 0.053 (multiply by 100 for percentage) rate of return.