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Tennant Co Stock Research

TNC

73.10USD-0.91(-1.23%)Market Closed

Market Summary

USD73.10-0.91
Market Closed
-1.23%

TNC Alerts

TNC Stock Price

TNC RSI Chart

TNC Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

17.09

Price/Sales (Trailing)

1.2

EV/EBITDA

11.13

Price/Free Cashflow

-128.25

TNC Price/Sales (Trailing)

TNC Profitability

EBT Margin

7.28%

Return on Equity

14.08%

Return on Assets

6.11%

Free Cashflow Yield

-0.78%

TNC Fundamentals

TNC Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

18.48%

Revenue Q/Q

5.09%

TNC Earnings

Earnings (TTM)

80.3M

Earnings Y/Y

135.92%

Earnings Q/Q

2.1%

Price Action

52 Week Range

54.9080.52
(Low)(High)

Last 7 days

-4.5%

Last 30 days

-3.1%

Last 90 days

3.9%

Trailing 12 Months

16.9%

TNC Financial Health

Current Ratio

2.2

Debt/Equity

0.63

Debt/Cashflow

-0.09

TNC Investor Care

Dividend Yield

1.38%

Dividend/Share (TTM)

1.02

Buy Backs (1Y)

0.21%

Diluted EPS (TTM)

4.3

Peers (Alternatives to Tennant)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
67.9B
15.9B
-7.66% 9.55%
22.38
4.26
10.22% 12.62%
24.3B
6.2B
2.49% 20.56%
40.13
4.1
15.83% -12.49%
18.9B
5.7B
-5.06% 15.45%
53.13
3.42
9.35% -16.86%
15.3B
-
-1.71% 6.21%
26.14
5.23
15.09% 23.05%
12.6B
2.6B
2.03% 0.40%
25.39
4.87
6.00% -0.05%
MID-CAP
7.8B
3.4B
0.85% 22.15%
21.84
2.28
10.23% 12.47%
7.6B
4.0B
-4.02% -10.19%
17.34
1.88
16.01% -7.23%
6.1B
1.9B
0.46% 36.55%
77.42
3.28
16.94% 47.60%
4.4B
3.8B
1.74% 8.83%
23.32
1.22
7.69% 140.86%
SMALL-CAP
1.7B
742.4M
14.26% 48.62%
24.09
2.24
4.57% 49.21%
1.5B
585.1M
10.10% 28.74%
63.16
2.55
5.21% -31.13%
1.4B
106.4M
9.72% 22.50%
141.27
13.08
-0.99% -35.55%
1.4B
1.1B
-3.15% 16.86%
17.09
1.2
5.00% 62.22%
651.6M
579.3M
-1.67% -17.09%
64.06
1.12
47.99% -66.05%

Financials for Tennant

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue4.4%1,1401,0921,0781,0871,086
Gross Profit6.3%448421406415424
  S&GA Expenses1.7%311306307312319
  R&D Expenses0.6%31.0031.0032.0032.0033.00
EBITDA13.3%12010610593.00-
EBITDA Margin11.8%0.11*0.10*0.09*--
Earnings Before Taxes21.8%97.0080.0066.0069.0056.00
EBT Margin18.1%0.07*0.06*0.05*--
Interest Expenses55.3%12.008.008.004.005.00
Net Income21.1%80.0066.0050.0056.0050.00
Net Income Margin29.8%0.06*0.05*0.05*--
Free Cahsflow15.2%-50.10-59.10-13.9021.00-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets1.4%1,1011,0851,0051,0251,050
  Current Assets1.2%582575522521525
    Cash Equivalents18.1%91.0077.0059.0074.00110
  Inventory-1.5%204207200189184
  Net PPE1.6%183180166169171
  Goodwill1.6%185182169180190
Liabilities-0.9%608613579591613
  Current Liabilities-1.8%257262244265266
  Long Term Debt-0.4%294295276261277
Shareholder's Equity4.5%492471425434437
  Retained Earnings4.2%477458439428416
  Additional Paid-In Capital-5.4%53.0056.0057.0055.0055.00
Accumulated Depreciation2.9%287279261262265
Shares Outstanding0.1%19.0019.0019.0019.0019.00
Minority Interest0%1.001.001.001.001.00
Cashflow (Last 12 Months)
(In Thousands)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations164.1%16,100-25,100-32,3008,00040,900
  Share Based Compensation-7.7%7,2007,8004,4005,2008,200
Cashflow From Investing7.3%-22,700-24,500-29,900-25,100-26,700
Cashflow From Financing-229.6%-10,5008,100-13,400-38,100-74,400
  Dividend Payments1.6%19,20018,90018,60018,10017,900
  Buy Backs300.0%20,0005,00015,00020,000-

Risks for TNC

What is the probability of a big loss on TNC?

60.8%


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

50.4%


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

0%


Probability that Tennant 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 TNC drawdown profile look like?

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

Drawdowns

Returns for TNC

Cumulative Returns on TNC

5.3%


10-Year Cumulative Returns

5.8%


7-Year Cumulative Returns

-0.3%


5-Year Cumulative Returns

5.8%


3-Year Cumulative Returns

What are the long-term rolling returns for TNC?

FIve years rolling returns for Tennant.

Annualized Returns

Which funds bought or sold TNC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Toroso Investments, LLC
new
-
404,000
404,000
0.01%
2023-05-23
ROYCE & ASSOCIATES LP
unchanged
-
693,912
6,832,440
0.07%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-2.2
586,435
7,202,440
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-27.55
-161,000
667,000
-%
2023-05-18
JPMORGAN CHASE & CO
added
42.35
766,000
2,079,000
-%
2023-05-17
Thrivent Financial for Lutherans
added
10.68
7,912,000
42,020,000
0.10%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
new
-
599,912
599,912
-%
2023-05-16
Penn Capital Management Company, LLC
sold off
-100
-2,607,120
-
-%
2023-05-16
Baker Avenue Asset Management, LP
unchanged
-
83.00
822
-%
2023-05-15
Aigen Investment Management, LP
reduced
-10.09
281
367,115
0.05%

1–10 of 47

Latest Funds Activity

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

Tennant News

Benzinga
Former at Tennant Exercises Options Worth $1.50M - Tennant (NYSE:TNC).
Benzinga,
8 hours ago
Simply Wall St
Marketscreener.com
StockNews.com
Investor's Business Daily
Simply Wall St
The Motley Fool
Why Tennant Stock Popped on Earnings.
The Motley Fool,
33 days ago

Schedule 13G FIlings of Tennant

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 10, 2022
vanguard group inc
11.04%
2,046,034
SC 13G/A
Feb 10, 2022
clearbridge investments, llc
4.4%
814,193
SC 13G/A
Jan 27, 2022
blackrock inc.
15.1%
2,807,221
SC 13G/A
Jan 25, 2022
blackrock inc.
15.1%
2,807,221
SC 13G

TNC Fair Value

Show Fair-Value

Recent SEC filings of Tennant

View All Filings
Date Filed Form Type Document
May 30, 2023
4
Insider Trading
May 30, 2023
SD
SD
May 25, 2023
4
Insider Trading
May 23, 2023
144
Notice of Insider Sale Intent
May 22, 2023
8-K
Current Report
May 15, 2023
4
Insider Trading
May 09, 2023
4
Insider Trading
May 05, 2023
4
Insider Trading
May 05, 2023
4
Insider Trading
May 05, 2023
4
Insider Trading

Latest Insider Trading transactions for TNC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-24
McKnight Carol E.
sold
-528,678
76.2884
-6,930
svp, chief admin officer
2023-05-24
McKnight Carol E.
acquired
363,271
52.42
6,930
svp, chief admin officer
2023-05-23
McKnight Carol E.
sold
-297,259
77.5729
-3,832
svp, chief admin officer
2023-05-23
McKnight Carol E.
acquired
271,934
70.9641
3,832
svp, chief admin officer
2023-05-11
Huml David W.
sold (taxes)
-28,808
77.86
-370
president and ceo
2023-05-07
West Fay
sold (taxes)
-153,801
78.31
-1,964
senior vp, cfo
2023-05-03
Morse Timothy R.
acquired
-
-
1,447
-
2023-05-03
Zay Richard H.
sold
-295,512
79.46
-3,719
chief commercial officer
2023-05-03
Mulligan Donal L
acquired
-
-
1,447
-
2023-05-03
GREEN MARIA C
acquired
-
-
1,447
-

1–10 of 50

David W. Huml
4260
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, specialty surface coatings, 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, VLX, IPC, 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.

TNC Income Statement

2023-03-31
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]  
Net sales$ 305.8$ 258.1
Cost of sales180.3159.2
Gross profit125.598.9
Selling and administrative expense81.776.6
Research and development expense7.97.7
Operating income35.914.6
Interest expense, net(3.7)(0.3)
Net foreign currency transaction (loss) gain(0.1)0.6
Other expense, net(0.1)(0.2)
Income before income taxes32.014.7
Income tax expense7.74.4
Net income$ 24.3$ 10.3
Net income per share  
Net income per share, Basic (in dollars per share)$ 1.32$ 0.56
Net income per share, Diluted (in dollars per share)$ 1.30$ 0.55
Weighted average shares outstanding  
Weighted average shares outstanding, Basic (in shares)18,449,43018,463,419
Weighted average shares outstanding, Diluted (in shares)18,682,26818,799,732

TNC Balance Sheet

2023-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS  
Cash, cash equivalents, and restricted cash$ 91.4$ 77.4
Receivables, less allowances of $7.8 and $6.1, respectively254.3251.5
Inventories203.6206.6
Prepaid and other current assets33.139.8
Total current assets582.4575.3
Property, plant and equipment, less accumulated depreciation of $287.3 and $279.3, respectively182.8179.9
Operating lease assets33.431.8
Goodwill185.0182.0
Intangible assets, net73.276.4
Other assets43.939.7
Total assets1,100.71,085.1
LIABILITIES AND EQUITY  
Current portion of long-term debt5.35.2
Accounts payable117.6126.1
Employee compensation and benefits44.944.0
Other current liabilities89.086.3
Total current liabilities256.8261.6
Long-term debt293.8295.1
Long-term operating lease liabilities18.317.1
Employee benefits13.313.2
Deferred income taxes10.511.5
Other liabilities14.814.5
Total long-term liabilities350.7351.4
Total liabilities607.5613.0
Commitments and contingencies (Note 11)
Common stock, $0.375 par value; 60,000,000 shares authorized; 18,541,033 and 18,521,485 shares issued and outstanding, respectively7.07.0
Additional paid-in capital53.056.0
Retained earnings477.4458.0
Accumulated other comprehensive loss(45.5)(50.2)
Total Tennant Company shareholders' equity491.9470.8
Noncontrolling interest1.31.3
Total equity493.2472.1
Total liabilities and total equity$ 1,100.7$ 1,085.1