Tenet Healthcare Corporation is a medical care facilities business based in the US. Tenet Healthcare shares (THC.US) are listed on the ASX and all prices are listed in US Dollars. Tenet Healthcare employs 110,000 staff and has a trailing 12-month revenue of around $17.5 billion.
|Latest market close||$N/A|
|52-week range||$10 - $50.8|
|50-day moving average||$42.0512|
|200-day moving average||$30.8417|
|Wall St. target price||$51.44|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-0.159|
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Valuing Tenet Healthcare stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tenet Healthcare's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Tenet Healthcare's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.9314. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tenet Healthcare's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Tenet Healthcare's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $2.4 billion.
The EBITDA is a measure of a Tenet Healthcare's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$17.5 billion|
|Operating margin TTM||8.61%|
|Gross profit TTM||$6.7 billion|
|Return on assets TTM||3.81%|
|Return on equity TTM||16.6%|
|Market capitalisation||$5.4 billion|
TTM: trailing 12 months
There are currently 5.0 million Tenet Healthcare shares held short by investors – that's known as Tenet Healthcare's "short interest". This figure is 24.7% down from 6.7 million last month.
There are a few different ways that this level of interest in shorting Tenet Healthcare shares can be evaluated.
Tenet Healthcare's "short interest ratio" (SIR) is the quantity of Tenet Healthcare shares currently shorted divided by the average quantity of Tenet Healthcare shares traded daily (recently around 1.0 million). Tenet Healthcare's SIR currently stands at 4.92. In other words for every 100,000 Tenet Healthcare shares traded daily on the market, roughly 4920 shares are currently held short.
However Tenet Healthcare's short interest can also be evaluated against the total number of Tenet Healthcare shares, or, against the total number of tradable Tenet Healthcare shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Tenet Healthcare's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Tenet Healthcare shares in existence, roughly 50 shares are currently held short) or 0.084% of the tradable shares (for every 100,000 tradable Tenet Healthcare shares, roughly 84 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Tenet Healthcare.
Find out more about how you can short Tenet Healthcare stock.
We're not expecting Tenet Healthcare to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
Tenet Healthcare's shares were split on a 1:4 basis on 11 October 2012. So if you had owned 4 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Tenet Healthcare shares – just the quantity. However, indirectly, the new 300% higher share price could have impacted the market appetite for Tenet Healthcare shares which in turn could have impacted Tenet Healthcare's share price.
Over the last 12 months, Tenet Healthcare's shares have ranged in value from as little as $10 up to $50.8. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (ASX average) beta is 1, while Tenet Healthcare's is 2.6691. This would suggest that Tenet Healthcare's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates through 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 procedures, acute level 1 trauma services, intravascular stroke care, minimally invasive cardiac valve replacement, imaging technology, and telemedicine access for various medical specialties. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical, off-campus emergency, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, as well as value-based care solutions to healthcare systems, individual hospitals, physician practices, self-insured organizations, health plans, and other entities. As of December 31, 2019, the company operated 65 hospitals, 24 surgical hospitals, and approximately 159 outpatient centers, as well as 260 ambulatory surgery, 39 urgent care, and 23 imaging centers in the United States. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.
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