Tennant Company delivers products including equipment for maintaining surfaces in industrial, commercial and outdoor environments; chemical-free and other sustainable cleaning technologies; and coatings for protecting, repairing and upgrading surfaces. The company was founded in 1870 and is based in Minneapolis, Minnesota.
TNC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Tennant Co. To summarize, we found that Tennant Co ranked in the 50th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 3.5%. As for the metrics that stood out in our discounted cash flow analysis of Tennant Co, consider:
80% of the company's capital comes from equity, which is greater than 53.18% of stocks in our cash flow based forecasting set.
Tennant Co's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 3.4. This coverage rate is greater than that of 55.69% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Industrials), Tennant Co has a reliance on debt greater than 50.15% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as TNC, try ROAD, AJRD, GPN, TTC, and VOLT.
With shares up 25% since we started coverage on the Tennant Company (TNC), the stock has remained flat for the second half of the year. Management continues executing on its enterprise strategy, which focuses on three main pillars: 1) winning where they have a competitive advantage, 2) reducing complexities and...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 817 world-class investment firms that we track and now have access to the collective wisdom contained in […]
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (“Tennant”) (NYSE: TNC), a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer, healthier world, today announced a succession plan in which Chief Operating Officer Dave Huml will become chief executive officer on March 1, 2021, and will join the Company’s board of directors. Current CEO Chris Killingstad will serve as a strategic advisor until the end of 2021. Senior Vice President of Technology and I