TNC - Tennant Co Stock Price, Fair Value and News

117.17USD-1.38 (-1.16%)Market Closed

Market Summary

USD117.17-1.38

Market Closed

-1.16%

TNC Stock Price

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TNC RSI Chart

TNC Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

20.16

Price/Sales (Trailing)

1.78

EV/EBITDA

12.89

Price/Free Cashflow

13.33

TNC Price/Sales (Trailing)

TNC Profitability

EBT Margin

9.96%

Return on Equity

18.98%

Return on Assets

9.83%

Free Cashflow Yield

7.5%

TNC Fundamentals

TNC Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

7.01%

Rev. Growth (Qtr)

2.2%

TNC Earnings

Earnings (TTM)

109.5M

Earnings Growth (Yr)

30.25%

Earnings Growth (Qtr)

35.37%

Breaking Down TNC Revenue

Last 7 days

2.1%

Last 30 days

-2.5%

Last 90 days

32.1%

Trailing 12 Months

75.0%

How does TNC drawdown profile look like?

TNC Financial Health

Current Ratio

2.08

Debt/Equity

0.34

Debt/Cashflow

0.97

TNC Investor Care

Dividend Yield

0.91%

Dividend/Share (TTM)

1.08

Shares Dilution (1Y)

0.52%

Diluted EPS (TTM)

5.83

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
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

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Tennant Co

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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
Mar 07, 2024	erickson kristin a.	acquired	85,051	66.97	1,270	svp, general counsel
Mar 07, 2024	erickson kristin a.	sold	-140,532	110	-1,270	svp, general counsel
Mar 04, 2024	arvani azita	sold	-197,177	111	-1,765	-
Mar 04, 2024	huml david w.	sold	-2,217,650	110	-20,009	president and ceo
Mar 04, 2024	huml david w.	acquired	1,354,180	67.6787	20,009	president and ceo
Mar 04, 2024	arvani azita	acquired	113,313	64.2	1,765	-
Mar 02, 2024	huml david w.	sold (taxes)	-355,257	110	-3,206	president and ceo
Mar 02, 2024	erickson kristin a.	sold (taxes)	-41,553	110	-375	svp, general counsel

Which funds bought or sold TNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-22.83	8,000	709,000	0.01%
Apr 23, 2024	ACCESS FINANCIAL SERVICES, INC.	reduced	-14.83	51,375	488,872	0.22%
Apr 23, 2024	FIFTH THIRD BANCORP	new	-	608	608	-%
Apr 23, 2024	Global Retirement Partners, LLC	added	1,272	28,399	30,038	-%
Apr 23, 2024	RATIONAL ADVISORS LLC	sold off	-100	-23,636	-	-%
Apr 23, 2024	Louisiana State Employees Retirement System	unchanged	-	268,956	1,130,970	0.02%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	74.4	1,595,710	2,834,420	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	176,798	883,892	0.01%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.97	318,000	1,383,000	0.02%
Apr 19, 2024	Maryland State Retirement & Pension System	reduced	-1.67	137,650	772,113	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
Apr 11, 2024	4/A	Insider Trading
Apr 11, 2024	4/A	Insider Trading
Apr 11, 2024	4/A	Insider Trading
Apr 11, 2024	4/A	Insider Trading
Apr 11, 2024	4/A	Insider Trading
Mar 21, 2024	DEF 14A	DEF 14A
Mar 21, 2024	DEFA14A	DEFA14A
Mar 11, 2024	4	Insider Trading
Mar 07, 2024	144	Notice of Insider Sale Intent
Mar 05, 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	185.5B	67.1B	1.47%	62.63%	17.96	2.77	12.84%	54.12%
GE	174.3B	69.5B	-7.14%	62.41%	49.65	2.51	16.04%	-60.91%
CMI	41.5B	34.1B	0.77%	24.55%	49.39	1.22	21.34%	-61.52%
AME	41.2B	6.6B	-1.75%	30.66%	31.36	6.24	7.26%	13.25%
ACM	12.8B	14.9B	-3.84%	13.22%	206.83	0.86	12.31%	-81.65%
MID-CAP
APG	9.4B	6.9B	-1.29%	73.44%	61.29	1.35	5.64%	109.59%
FLR	6.9B	15.5B	-1.82%	35.74%	49.67	0.44	12.59%	-4.48%
FLS	6.2B	4.3B	3.22%	41.84%	33.08	1.43	19.51%	-1.03%
ACA	3.8B	2.3B	-8.15%	30.64%	23.72	1.64	2.90%	-35.23%
ALG	2.5B	1.7B	-4.39%	12.55%	18.09	1.46	11.63%	33.59%
SMALL-CAP
AMRC	1.1B	1.4B	5.72%	-55.23%	17.44	0.79	-24.65%	-34.19%
NKLA	828.1M	35.8M	-3.03%	-21.97%	-0.86	23.11	-27.93%	-23.21%
AGX	816.5M	573.3M	21.18%	53.29%	25.23	1.42	26.00%	-2.24%
AMSC	379.0M	135.4M	-5.37%	202.95%	-23.11	2.8	-25.90%	65.37%
ADES	228.0M	99.2M	9.94%	268.82%	-18.62	2.3	-3.69%	-37.37%

Tennant Co News

Latest updates

Tennant Co 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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.2%	311	305	322	306	291	263	280	258	276	272	279	263	273	262	214	252	295	281	300	263	285
Gross Profit	-0.9%	131	132	140	126	115	101	106	99.00	101	109	115	113	112	104	90.00	103	119	114	121	108	112
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	77.00	101	86.00	68.00	88.00	99.00	93.00	101	97.00	99.00
S&GA Expenses	8.5%	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	92.00
R&D Expenses	16.5%	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	7.00
EBITDA Margin	-2.4%	0.14*	0.15*	0.14*	0.12*	0.11*	0.10*	0.10*	0.09*	0.11*	0.10*	0.10*	0.12*	-	-	-	-	-	-	-	-	-
Interest Expenses	-44.2%	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	39.00
Income Taxes	-228.6%	-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	1.00
Earnings Before Taxes	-26.4%	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	8.00
EBT Margin	-3.7%	0.10*	0.10*	0.10*	0.08*	0.07*	0.06*	0.06*	0.05*	0.07*	0.06*	0.05*	0.07*	-	-	-	-	-	-	-	-	-
Net Income	35.4%	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	8.00
Net Income Margin	5.3%	0.09*	0.08*	0.08*	0.07*	0.06*	0.05*	0.05*	0.05*	0.06*	0.05*	0.05*	0.05*	-	-	-	-	-	-	-	-	-
Free Cashflow	10.6%	56.00	51.00	34.00	24.00	8.00	-24.10	-19.00	-15.10	-0.90	21.00	16.00	14.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	5.1%	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	993
Current Assets	2.6%	569	555	590	582	575	522	521	525	527	526	522	531	494	491	461	585	481	480	479	452	469
Cash Equivalents	20.7%	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	86.00
Inventory	-4.7%	176	185	198	204	207	200	189	184	161	158	148	161	128	134	150	155	150	161	160	158	135
Net PPE	-100.0%	-	182	185	183	180	166	169	171	173	170	172	171	186	178	179	174	173	168	173	175	163
Goodwill	3.8%	187	181	186	185	182	169	180	190	193	198	202	199	208	201	194	191	195	185	193	190	183
Liabilities	4.3%	535	513	586	608	613	579	591	613	627	624	644	659	677	668	655	792	702	705	736	721	676
Current Liabilities	11.8%	274	245	258	257	262	244	265	266	290	276	284	277	254	244	252	225	275	270	260	267	249
Long Term Debt	-10.1%	194	216	273	294	295	276	261	277	263	265	266	272	298	308	298	463	308	322	346	330	328
Shareholder's Equity	5.9%	577	545	522	493	471	427	434	437	435	443	438	421	406	395	373	359	361	340	335	320	316
Retained Earnings	4.9%	547	522	504	477	458	439	428	416	411	407	390	385	363	365	357	347	346	339	329	318	316
Additional Paid-In Capital	-8.6%	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	29.00
Accumulated Depreciation	1.4%	304	300	297	287	279	261	262	265	258	268	263	255	252	259	250	242	239	244	241	231	223
Shares Outstanding	0%	19.00	19.00	19.00	19.00	19.00	18.00	18.00	19.00	18.00	19.00	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	2.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	17.3%	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	36,400
Share Based Compensation	-36.2%	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	2,300
Cashflow From Investing	-150.0%	-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	-5,700
Cashflow From Financing	27.6%	-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	3,000
Dividend Payments	6.0%	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	4,000
Buy Backs	488.2%	10,000	1,700	5,000	5,000	5,000	-	-	-	7,500	7,500	-	-	-	-	-	-	-	-	-	-	-

TNC Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 1,243.6	$ 1,092.2	$ 1,090.8
Cost of sales	715.8	671.3	652.8
Gross profit	527.8	420.9	438.0
Selling and administrative expense	352.6	306.3	321.9
Research and development expense	36.6	31.1	32.2
Gain on sale of assets	0.0	(3.7)	(9.8)
Operating income	138.6	87.2	93.7
Interest expense, net	(13.5)	(7.1)	(7.3)
Net foreign currency transaction gain (loss)	0.3	(1.2)	(0.7)
Loss on extinguishment of debt	0.0	0.0	(11.3)
Other (expense) income, net	(1.6)	0.6	(0.3)
Income before income taxes	123.8	79.5	74.1
Income tax expense	14.3	13.2	9.2
Net income	$ 109.5	$ 66.3	$ 64.9
Net income per share
Net income per share, Basic (in dollars per share)	$ 5.92	$ 3.58	$ 3.51
Net income per share, Diluted (in dollars per share)	$ 5.83	$ 3.55	$ 3.44
Weighted average shares outstanding:
Weighted average shares outstanding, Basic (in shares)	18,509,523	18,494,356	18,499,674
Weighted average shares outstanding, Diluted (in shares)	18,783,633	18,697,255	18,849,217

TNC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash, cash equivalents, and restricted cash	$ 117.1	$ 77.4
Receivables, less allowances of $7.2 and $6.1, respectively	247.6	251.5
Inventories	175.9	206.6
Prepaid and other current assets	28.5	39.8
Total current assets	569.1	575.3
Property, plant and equipment, less accumulated depreciation of $304.0 and $279.3, respectively	187.7	179.9
Operating lease assets	41.7	31.8
Goodwill	187.4	182.0
Intangible assets, net	63.1	76.4
Other assets	64.4	39.7
Total assets	1,113.4	1,085.1
LIABILITIES AND TOTAL EQUITY
Current portion of long-term debt	6.4	5.2
Accounts payable	111.4	126.1
Employee compensation and benefits	67.3	44.0
Other current liabilities	88.6	86.3
Total current liabilities	273.7	261.6
Long-term debt	194.2	295.1
Long-term operating lease liabilities	27.4	17.1
Employee-related benefits	13.3	13.2
Deferred income taxes	5.0	11.5
Other liabilities	21.5	14.5
Total long-term liabilities	261.4	351.4
Total liabilities	535.1	613.0
Commitments and contingencies (Note 16)
Common stock, $0.375 par value per share, 60,000,000 shares authorized; 18,631,384 and 18,521,485 issued and outstanding, respectively	7.0	7.0
Additional paid-in capital	64.9	56.0
Retained earnings	547.4	458.0
Accumulated other comprehensive loss	(42.3)	(50.2)
Total Tennant Company shareholders' equity	577.0	470.8
Noncontrolling interest	1.3	1.3
Total equity	578.3	472.1
Total liabilities and total equity	$ 1,113.4	$ 1,085.1

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 Tue Apr 23 2024, market cap of Tennant Co is 2.21 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 Tue Apr 23 2024, TNC's PE ratio (Price to Earnings) is 20.16 and Price to Sales (PS) ratio is 1.78. 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 0.078 (multiply by 100 for percentage) rate of return.