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Tenet Healthcare Corp Stock Research

THC

71.20USD+0.82(+1.17%)Market Closed

Market Summary

USD71.20+0.82
Market Closed
1.17%

THC Alerts

THC Stock Price

THC RSI Chart

THC Valuation

Market Cap

7.2B

Price/Earnings (Trailing)

7.08

Price/Sales (Trailing)

0.37

EV/EBITDA

6.93

Price/Free Cashflow

15.58

THC Price/Sales (Trailing)

THC Profitability

EBT Margin

7.01%

Return on Equity

87.65%

Return on Assets

3.69%

Free Cashflow Yield

6.42%

THC Fundamentals

THC Revenue

Revenue (TTM)

19.4B

Revenue Y/Y

5.82%

Revenue Q/Q

0.62%

THC Earnings

Earnings (TTM)

1.0B

Earnings Y/Y

5.71%

Earnings Q/Q

8.03%

Price Action

52 Week Range

36.6974.10
(Low)(High)

Last 7 days

1.3%

Last 30 days

-4.0%

Last 90 days

18.2%

Trailing 12 Months

6.0%

THC Financial Health

Current Ratio

1.34

Debt/Equity

13.08

Debt/Cashflow

0.07

THC Investor Care

Buy Backs (1Y)

4.83%

Diluted EPS (TTM)

3.8

Peers (Alternatives to Tenet Healthcare)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
72.9B
60.9B
-8.06% 22.94%
12.72
1.2
1.94% -15.77%
20.7B
14.8B
-6.52% -17.34%
16.22
1.39
-6.96% -52.35%
14.9B
9.6B
-3.55% -6.97%
18.73
1.55
-10.08% -57.84%
MID-CAP
9.9B
13.6B
-12.63% 5.29%
14.64
0.74
5.04% -26.87%
8.5B
11.7B
2.28% -5.48%
16.53
0.73
0.42% -43.11%
7.2B
19.4B
-4.01% 6.04%
7.08
0.37
0.01% -33.70%
6.1B
4.4B
-4.71% 18.34%
22.47
1.4
8.15% -30.89%
4.6B
2.6B
-8.02% -9.34%
-50.32
1.77
13.01% -143.24%
3.5B
6.4B
-10.39% 11.72%
19.24
0.54
2.26% -46.98%
SMALL-CAP
1.7B
1.5B
4.59% 39.15%
-126.11
1.14
10.24% -173.11%
1.4B
976.1M
8.11% 5.42%
28.51
1.47
10.19% 12.37%
645.6M
2.9B
-20.05% -40.55%
-3.53
0.22
7.97% -101.02%
437.6M
12.2B
-49.53% -39.62%
-109.4
0.04
-2.06% -101.36%
6.7M
46.8M
-8.63% -12.62%
-2.44
0.14
12.07% -154.21%

Financials for Tenet Healthcare

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue1.4%19,45019,17419,04019,13319,449
EBITDA-6.0%3,0753,2723,6713,743-
EBITDA Margin-6.7%0.16*0.17*0.19*0.19*-
Earnings Before Taxes0.1%1,3461,3441,5511,9451,999
EBT Margin-14.0%0.07*0.08*0.10*0.10*-
Interest Expenses-0.7%884890892897910
Net Income1.6%1,0171,0011,1461,4561,534
Net Income Margin-13.3%0.05*0.06*0.08*0.08*-
Free Cahsflow32.1%321243414570-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-0.3%27,06727,15627,07626,62126,650
  Current Assets-1.9%5,8695,9815,9986,0646,128
    Cash Equivalents-10.7%7668581,2081,3511,405
  Inventory0.5%407405394387391
  Goodwill1.3%10,25810,1239,9799,47984.00
Liabilities-1.3%22,26222,54822,50122,51022,236
  Current Liabilities-5.7%4,2194,4764,2764,3684,668
  Long Term Debt0.0%14,93514,93414,96214,94714,719
Shareholder's Equity8.0%1,2331,1421,2352,1142,056
  Retained Earnings17.8%-660-803-905-1,036-1,074
  Additional Paid-In Capital-0.1%4,7744,7784,7714,7564,765
Shares Outstanding-5.2%102108108107-
Minority Interest2.3%1,3471,3171,2721,0271,000
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations20.4%1,3041,0831,0191,1361,262
  Share Based Compensation-3.6%54.0056.0060.0060.0058.00
Cashflow From Investing-28.0%-1,034-808-2,018-719-629
Cashflow From Financing49.0%-909-1,781-85.00-1,260-1,369
  Buy Backs-20.0%2002500.00--

Risks for THC

What is the probability of a big loss on THC?

87.3%


Probability that Tenet Healthcare stock will be more than 20% underwater in next one year

71.2%


Probability that Tenet Healthcare stock will be more than 30% underwater in next one year.

66.2%


Probability that Tenet Healthcare stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does THC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Tenet Healthcare was unfortunately bought at previous high price.

Drawdowns

Returns for THC

Cumulative Returns on THC

4.0%


10-Year Cumulative Returns

13.5%


7-Year Cumulative Returns

14.7%


5-Year Cumulative Returns

47.9%


3-Year Cumulative Returns

What are the long-term rolling returns for THC?

FIve years rolling returns for Tenet Healthcare.

Annualized Returns

Which funds bought or sold THC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-26
ProShare Advisors LLC
reduced
-22.48
-22,622
382,189
-%
2023-05-23
Brookfield Corp /ON/
new
-
1,776,540
1,776,540
0.01%
2023-05-22
AMERIPRISE FINANCIAL INC
added
15.09
6,013,660
20,979,700
0.01%
2023-05-22
PUTNAM INVESTMENTS LLC
unchanged
-
1,854,120
10,364,200
0.02%
2023-05-18
JPMORGAN CHASE & CO
reduced
-5.26
2,131,070
15,987,100
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
123
10,274,000
16,229,000
0.02%
2023-05-17
Advisory Services Network, LLC
unchanged
-
8,738
48,843
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-0.92
290,000
1,695,000
-%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
added
8.24
31,314
1,346,600
0.01%
2023-05-17
B. Riley Wealth Advisors, Inc.
reduced
-12.51
20,817
338,635
0.01%

1–10 of 42

Latest Funds Activity

Are funds buying THC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own THC
No. of Funds

Tenet Healthcare News

MarketWatch
HCA Healthcare Inc. stock rises Wednesday, outperforms market.
MarketWatch,
2 hours ago
South Florida Hospital News
Stock Traders Daily
How To Trade Tenet Healthcare $THC.
Stock Traders Daily,
3 days ago
Stock Traders Daily
Investor's Business Daily

Schedule 13G FIlings of Tenet Healthcare

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

THC Fair Value

Show Fair-Value

Recent SEC filings of Tenet Healthcare

View All Filings
Date Filed Form Type Document
May 30, 2023
3
Insider Trading
May 30, 2023
8-K
Current Report
May 30, 2023
4
Insider Trading
May 30, 2023
4
Insider Trading
May 30, 2023
4
Insider Trading
May 30, 2023
4
Insider Trading
May 30, 2023
4
Insider Trading
May 30, 2023
4
Insider Trading
May 30, 2023
4
Insider Trading
May 30, 2023
4
Insider Trading

Latest Insider Trading transactions for THC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-19
Arnst Thomas W
sold
-1,548,600
73.1231
-21,178
evp, chief admin. officer & gc
2023-03-07
Arnst Thomas W
sold
-96,112
60.07
-1,600
evp, chief admin. officer & gc
2023-03-06
Cancelmi Daniel J
acquired
-
-
101,791
evp & chief financial officer
2023-03-06
Arnst Thomas W
sold (taxes)
-656,354
58.9452
-11,135
evp, chief admin. officer & gc
2023-03-06
Ramsey R. Scott
sold (taxes)
-185,445
59.3995
-3,122
principal accounting officer
2023-03-06
Arnst Thomas W
sold
-50,325
61.00
-825
evp, chief admin. officer & gc
2023-03-06
Foo Lisa Y
acquired
-
-
13,629
evp, commercial ops
2023-03-06
Arnst Thomas W
acquired
-
-
34,738
evp, chief admin. officer & gc
2023-03-06
Foo Lisa Y
sold (taxes)
-275,162
59.4945
-4,625
evp, commercial ops
2023-03-06
Arbour Paola M
sold (taxes)
-698,116
59.3838
-11,756
evp, chief information officer

1–10 of 50

Saumya Sutaria
65535
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, 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 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 and urgent care centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals; and offers healthcare 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. As of February 09, 2022, the company operated 60 hospitals; and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and other care sites and clinics. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.

THC Income Statement

2023-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]  
Net operating revenues $ 5,021$ 4,745
Grant income36
Equity in earnings of unconsolidated affiliates5046
Operating expenses:  
Salaries, wages and benefits2,2582,182
Supplies891785
Other operating expenses, net1,093942
Depreciation and amortization217203
Impairment and restructuring charges, and acquisition-related costs2116
Litigation and investigation costs420
Net losses (gains) on sales, consolidation and deconsolidation of facilities(13)1
Operating income603648
Interest expense(221)(227)
Other non-operating expense, net(2)0
Loss from early extinguishment of debt0(43)
Income from continuing operations, before income taxes380378
Income tax expense(84)(99)
Income from continuing operations, before discontinued operations296279
Discontinued operations:  
Income from operations01
Income from discontinued operations01
Net income296280
Less: Net income available to noncontrolling interests153140
Net income available to Tenet Healthcare Corporation common shareholders143140
Amounts available to Tenet Healthcare Corporation common shareholders  
Income from continuing operations, net of tax143139
Income from discontinued operations, net of tax01
Net income available to Tenet Healthcare Corporation common shareholders$ 143$ 140
Basic  
Continuing operations (in dollars per share)$ 1.40$ 1.29
Discontinued operations (in dollars per share)00.01
Total earnings (loss) per share, basic (in dollars per share)1.401.30
Diluted  
Continuing operations (in dollars per share)1.321.27
Discontinued operations (in dollars per share)00.01
Total earnings (loss) per share, diluted (in dollars per share)$ 1.32$ 1.28
Weighted average shares and dilutive securities outstanding (in thousands):  
Basic (in shares)102,289107,483
Diluted (in shares)106,006112,020

THC Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 766$ 858
Accounts receivable2,8832,943
Inventories of supplies, at cost407405
Assets held for sale1420
Other current assets1,6711,775
Total current assets 5,8695,981
Investments and other assets3,1753,147
Deferred income taxes1419
Property and equipment, at cost, less accumulated depreciation and amortization ($6,225 at March 31, 2023 and $6,201 at December 31, 2022)6,3196,462
Goodwill10,25810,123
Other intangible assets, at cost, less accumulated amortization ($1,429 at March 31, 2023 and $1,428 at December 31, 2022)1,4321,424
Total assets 27,06727,156
Current liabilities:  
Current portion of long-term debt148145
Accounts payable1,1921,504
Accrued compensation and benefits602778
Professional and general liability reserves256255
Accrued interest payable248213
Liabilities held for sale230
Contract liabilities76110
Other current liabilities1,6741,471
Total current liabilities 4,2194,476
Long-term debt, net of current portion14,93514,934
Professional and general liability reserves810790
Defined benefit plan obligations330331
Deferred income taxes220217
Other long-term liabilities1,7481,800
Total liabilities 22,26222,548
Commitments and contingencies
Redeemable noncontrolling interests in equity of consolidated subsidiaries2,2252,149
Shareholders’ equity:  
Common stock, $0.05 par value; authorized 262,500,000 shares; 157,032,313 shares issued at March 31, 2023 and 156,462,456 shares issued at December 31, 202288
Additional paid-in capital4,7744,778
Accumulated other comprehensive loss(179)(181)
Accumulated deficit(660)(803)
Common stock in treasury, at cost, 55,120,211 shares at March 31, 2023 and 54,215,871 shares at December 31, 2022(2,710)(2,660)
Total shareholders’ equity1,2331,142
Noncontrolling interests 1,3471,317
Total equity 2,5802,459
Total liabilities and equity $ 27,067$ 27,156