TENNANT COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 115.6 USD | +0.15% |
|
+0.64% | +24.75% |
| Apr. 18 | Castile Resources’ Rover 1 Project Gains Major Project Status | MT |
| Apr. 08 | Tennant Minerals Raises AU$4.8 Million for Drilling, Target Testing; Shares Down 4% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,423 | 1,296 | 1,502 | 1,145 | 1,731 | 2,198 | - |
| Enterprise Value (EV) 1 | 1,688 | 1,464 | 1,646 | 1,368 | 1,815 | 2,213 | 2,168 |
| P/E ratio | 31.4 x | 38.8 x | 23.6 x | 17.3 x | 15.9 x | 21.8 x | 20.8 x |
| Yield | 1.13% | 1.27% | 1.16% | 1.65% | - | 0.99% | 1.04% |
| Capitalization / Revenue | 1.25 x | 1.29 x | 1.38 x | 1.05 x | 1.39 x | 1.71 x | 1.65 x |
| EV / Revenue | 1.48 x | 1.46 x | 1.51 x | 1.25 x | 1.46 x | 1.72 x | 1.62 x |
| EV / EBITDA | 12.3 x | 12.3 x | 11.7 x | 10.2 x | 9.41 x | 10.5 x | 9.94 x |
| EV / FCF | 50.4 x | 14.1 x | 32.9 x | -27.3 x | 11 x | 20.9 x | 20.9 x |
| FCF Yield | 1.99% | 7.1% | 3.04% | -3.66% | 9.12% | 4.78% | 4.78% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 18,267 | 18,473 | 18,536 | 18,596 | 18,680 | 19,006 | - |
| Reference price 2 | 77.92 | 70.17 | 81.04 | 61.57 | 92.69 | 115.6 | 115.6 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,138 | 1,001 | 1,091 | 1,092 | 1,244 | 1,288 | 1,334 |
| EBITDA 1 | 136.9 | 119.4 | 140.2 | 133.7 | 192.9 | 210.6 | 218 |
| EBIT 1 | 84.3 | 71.2 | 88.1 | 85.6 | 143.1 | 152.8 | 163.2 |
| Operating Margin | 7.41% | 7.11% | 8.08% | 7.84% | 11.51% | 11.86% | 12.24% |
| Earnings before Tax (EBT) 1 | 54 | 41.1 | 74.1 | 79.5 | 123.8 | 128.2 | 126 |
| Net income 1 | 45.8 | 33.7 | 64.9 | 66.3 | 109.5 | 97.75 | 95.8 |
| Net margin | 4.03% | 3.37% | 5.95% | 6.07% | 8.81% | 7.59% | 7.18% |
| EPS 2 | 2.480 | 1.810 | 3.440 | 3.550 | 5.830 | 5.303 | 5.565 |
| Free Cash Flow 1 | 33.5 | 104 | 50 | -50.1 | 165.6 | 105.8 | 103.7 |
| FCF margin | 2.94% | 10.39% | 4.58% | -4.59% | 13.32% | 8.21% | 7.77% |
| FCF Conversion (EBITDA) | 24.47% | 87.1% | 35.66% | - | 85.85% | 50.24% | 47.56% |
| FCF Conversion (Net income) | 73.14% | 308.61% | 77.04% | - | 151.23% | 108.24% | 108.25% |
| Dividend per Share 2 | 0.8800 | 0.8900 | 0.9400 | 1.015 | - | 1.140 | 1.200 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 272 | 276.4 | 258.1 | 280.2 | 262.9 | 291 | 305.8 | 321.7 | 304.7 | 311.4 | 310.5 | 334.1 | 314.4 | 329.2 | 319.3 |
| EBITDA 1 | 36 | 28.4 | 27.9 | 30.3 | 33.8 | 41.7 | 47.9 | 57.6 | 45.9 | 41.5 | 47.87 | 58.97 | 51.97 | 51.8 | 48.35 |
| EBIT 1 | 23.9 | 15.7 | 14.8 | 19.5 | 21.9 | 29.4 | 35.9 | 44.7 | 34.7 | 27.8 | 33.33 | 44.47 | 37.53 | 37.4 | 34 |
| Operating Margin | 8.79% | 5.68% | 5.73% | 6.96% | 8.33% | 10.1% | 11.74% | 13.89% | 11.39% | 8.93% | 10.74% | 13.31% | 11.94% | 11.36% | 10.65% |
| Earnings before Tax (EBT) 1 | 22.3 | 11.6 | 14.7 | 20.3 | 19.8 | 24.7 | 32 | 39.9 | 29.9 | 22 | 26.5 | 37.8 | 31.35 | 32.5 | 23.3 |
| Net income 1 | 21.5 | 7.9 | 10.3 | 16.6 | 15.6 | 23.8 | 24.3 | 31.3 | 22.9 | 31 | 20.25 | 28.8 | 23.95 | 24.8 | 17.7 |
| Net margin | 7.9% | 2.86% | 3.99% | 5.92% | 5.93% | 8.18% | 7.95% | 9.73% | 7.52% | 9.96% | 6.52% | 8.62% | 7.62% | 7.53% | 5.54% |
| EPS 2 | 1.140 | 0.4200 | 0.5500 | 0.8900 | 0.8300 | 1.270 | 1.300 | 1.680 | 1.210 | 1.640 | 1.127 | 1.577 | 1.297 | 1.297 | 0.9200 |
| Dividend per Share 2 | 0.2300 | 0.2500 | 0.2500 | 0.2500 | 0.2500 | 0.2650 | 0.2650 | 0.2650 | 0.2650 | - | 0.2800 | 0.2800 | 0.2800 | 0.3000 | 0.3000 |
| Announcement Date | 11/2/21 | 2/24/22 | 4/28/22 | 8/9/22 | 10/27/22 | 2/23/23 | 4/28/23 | 8/4/23 | 10/31/23 | 2/22/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 264 | 168 | 144 | 223 | 83.5 | 15 | - |
| Net Cash position 1 | - | - | - | - | - | - | 30 |
| Leverage (Debt/EBITDA) | 1.93 x | 1.403 x | 1.027 x | 1.667 x | 0.4329 x | 0.0712 x | - |
| Free Cash Flow 1 | 33.5 | 104 | 50 | -50.1 | 166 | 106 | 104 |
| ROE (net income / shareholders' equity) | 13.6% | 8.81% | 15.5% | 14.7% | 20.9% | 13.5% | 13.8% |
| ROA (Net income/ Total Assets) | 4.46% | 3.14% | 6.05% | 6.18% | 9.96% | 7.4% | 8.4% |
| Assets 1 | 1,028 | 1,073 | 1,072 | 1,073 | 1,099 | 1,321 | 1,140 |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 38.9 | 29.9 | 19.4 | 25 | 22.8 | 23.5 | 27.8 |
| Capex / Sales | 3.42% | 2.99% | 1.78% | 2.29% | 1.83% | 1.82% | 2.08% |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
115.6
USD
Average target price
137
USD
Spread / Average Target
+18.48%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +24.75% | 2.2B | |
| -1.42% | 14.89B | |
| +25.00% | 4.92B | |
| -14.84% | 4.68B | |
| -11.99% | 4.52B | |
| +10.91% | 4.18B | |
| -17.31% | 4.12B | |
| +13.00% | 3.73B | |
| +29.08% | 3.43B | |
| +0.73% | 3.31B |
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