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Tenet Healthcare Corp THC Stock Quote

| Rating as of

NYSE: THC

Last close prices updated as of Feb 07, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 54.54
  • Sector Healthcare
  • Industry Medical Care Facilities
  • Investment Style Small Value
  • Day Range 53.25  –  55.41
  • Year Range 36.69  –  92.65
  • Market Cap 5.8970 Bil
  • Volume / Avg 1.9 Mil /  1.6 Mil
  • Price / Sales 0.32
  • Price / Book 4.77
  • Forward Div Yield
  • Trailing Div Yield

Morningstar‘s Stock Analysis THC

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Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

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Tenet Repurchasing Shares at Cheap Levels, Despite Macroeconomic Challenges

Julie Utterback Senior Equity Analyst

Business Strategy and Outlook

| Julie Utterback |

Since late 2017, Tenet Healthcare has undergone a massive turnaround effort in the wake of an acquisition strategy that left it with operating inefficiencies and a debt-heavy balance sheet. Led by initiatives endorsed by a large shareholder, Glenview Capital Management (7% stake as of March 2022), Tenet has replaced top leadership, refreshed the board, improved governance practices, pruned its portfolio of assets, and undergone a restructuring effort. Operationally, Tenet has focused on flattening layers of management, improving operating efficiencies both inside and outside its healthcare facilities, and increasing focus on service quality. All these factors appear to be positively influencing ROICs at Tenet, which began exceeding its weighted average cost of capital in 2017 by our calculations for the first time since The Vanguard Group acquisition in 2013. We applaud those trends. We also view the firm's increasing focus on the high-margin ambulatory surgery business, which Tenet management expects to generate about half of company profits by 2023, as a strong strategic choice.

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Key Statistics THC

Company Profile THC

Business Description

Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (60 as of March 2022) and about 550 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the south. Through its Conifer segment, Tenet also provides revenue cycle management solutions. By adjusted EBITDA excluding grant income, hospitals accounted for about 55%, ambulatory services accounted for 35% and Conifer accounted for about 10% of Tenet in 2021.

Contact
14201 Dallas Parkway, Suite 1400
Dallas, TX, 75254
Industry Medical Care Facilities
Employees 101,100

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FAQs for Tenet Healthcare Corp Stock

No. THC does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

THC’s market cap is 5.90 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

THC’s stock style is Small Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

THC’s price/sales is 0.32.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

THC’s price/forward earnings is 10.25.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

THC’s price/book is 4.77.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See THC’s valuation ratios compared to the Market Index.

THC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare THC’s historical performance against its industry peers and the overall market.