-1.70%
5.46%
2.80%
-13.82%
-12.06%
12.29%
10.52%
AI Spotlight on TNC
Company Description
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.
Market Data
| Last Price | 85.52 |
| Change Percentage | -1.70% |
| Open | 86.49 |
| Previous Close | 87 |
| Market Cap ( Millions) | 1614 |
| Volume | 117002 |
| Year High | 124.11 |
| Year Low | 78.57 |
| M A 50 | 84.59 |
| M A 200 | 95.17 |
Financial Ratios
| FCF Yield | 5.97% |
| Dividend Yield | 1.33% |
| ROE | 17.55% |
| Debt / Equity | 37.67% |
| Net Debt / EBIDTA | 81.77% |
| Price To Book | 2.49 |
| Price Earnings Ratio | 14.88 |
| Price To FCF | 16.76 |
| Price To sales | 1.27 |
| EV / EBITDA | 9.47 |
News
- Jan -18 - 2 Magnificent Dividend Kings Down 19% and 32% to Buy in 2025
- Dec -12 - Tennant: A Hidden Champion Of Autonomous Robots Pays Growing Dividends
- Dec -10 - Tennant Company Introduces Lithium-Ion-Powered T12 and T16 Scrubbers
- Dec -06 - These 5 Stocks Have 50 Years of Dividend Growth—Here's How to Find More
- Dec -04 - 3 Dividend Growth Stars That Can Generate a Lifetime of Passive Income
- Nov -21 - 13 Upcoming Dividend Increases Including 2 Kings
- Nov -05 - Pan African expands into Australia with Tennant Creek gold acquisition
- Nov -02 - Tennant Company (TNC) Q3 2024 Earnings Call Transcript
- Nov -01 - Why Tennant Stock Plunged Today
- Oct -31 - Tennant (TNC) Tops Q3 Earnings Estimates
- Oct -21 - Tennant Company to Report Third Quarter 2024 Results
- Sep -27 - Tennant Company Announces New Approach to Corporate Giving and 2024 Habitat for Humanity Carter Work Project Sponsorship
- Sep -24 - Tennant Company Launches the T291 Small Walk-Behind Scrubber for Exceptional Cleaning and Ease of Use in Small Spaces
- Sep -24 - 1 Magnificent Dividend King Down 25% to Buy Right Now Near a Once-in-a-Decade Valuation
- Sep -16 - Tennant Company Launches Cleaning All-Star Sweepstakes to Celebrate Custodial Heroes of Everyday Spaces
- Sep -08 - Tennant Company Should Clean Up Nicely
- Aug -31 - 6 Dividend Growth Stocks That Can Provide a Lifetime of Passive Income
- Aug -21 - Commercial Scrubbers and Sweepers Market Forecast Report 2024-2029 - Nilfisk, Tennant, Alfred Karcher and HAKO Dominate
- Aug -08 - Tennant Company (TNC) Q2 2024 Earnings Call Transcript
- Aug -08 - Tennant (TNC) Q2 Earnings and Revenues Beat Estimates
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Equipment
Expected Growth : 2.8 %
What the company do ?
Tennant Company's equipment includes industrial and commercial cleaning solutions, such as floor scrubbers, sweepers, and cleaning supplies.
Why we expect these perspectives ?
Tennant Company's equipment segment growth of 2.8% is driven by increasing demand for industrial cleaning solutions, expansion into emerging markets, and strategic product innovations. Additionally, the company's focus on sustainability and energy-efficient products resonates with environmentally conscious customers, contributing to the growth.
Segment n°2 -> Parts and Consumables
Expected Growth : 2.9 %
What the company do ?
Tennant Company's Parts and Consumables segment offers replacement parts, cleaning supplies, and other consumables for its cleaning equipment and other products.
Why we expect these perspectives ?
Tennant Company's 2.9% growth in Parts and Consumables is driven by increasing demand for cleaning and maintenance services, expansion into new markets, and a growing customer base in the industrial and commercial sectors. Additionally, the company's focus on innovative and sustainable products, as well as its strategic pricing and inventory management, contribute to the segment's growth.
Segment n°3 -> Service and Other
Expected Growth : 3.1 %
What the company do ?
Service refers to Tennant Company's equipment maintenance and repair offerings, while Other includes miscellaneous revenue streams such as equipment rentals and sales of parts and accessories.
Why we expect these perspectives ?
Tennant Company's Service and Other segment growth of 3.1% is driven by increasing demand for cleaning and maintenance services, expansion of its equipment rental business, and strategic acquisitions. Additionally, the company's focus on sustainability and energy-efficient solutions resonates with environmentally conscious customers, contributing to the segment's growth.
Tennant Company Products
| Product Range | What is it ? |
|---|---|
| Floor Cleaning Equipment | Tennant Company offers a wide range of floor cleaning equipment, including ride-on and walk-behind scrubbers, sweepers, and burnishers, designed to clean and maintain various types of floors. |
| Ride-on Scrubbers | Tennant's ride-on scrubbers are designed for high-performance cleaning of large areas, featuring advanced technology and ergonomic design. |
| Walk-behind Scrubbers | Tennant's walk-behind scrubbers are versatile and easy to maneuver, ideal for cleaning smaller areas, such as retail stores, offices, and healthcare facilities. |
| Sweepers | Tennant's sweepers are designed for efficient cleaning of large areas, featuring advanced filtration systems and ergonomic design. |
| Burnishers | Tennant's burnishers are designed for high-gloss floor finishing, featuring advanced technology and ergonomic design. |
| Cleaning Solutions | Tennant's cleaning solutions are designed to work in conjunction with their cleaning equipment, offering a range of eco-friendly and effective cleaning products. |
| Service and Maintenance | Tennant offers comprehensive service and maintenance programs, including training, technical support, and repair services. |
Tennant Company's Porter Forces
Threat Of Substitutes
The threat of substitutes for Tennant Company is medium because while there are some substitutes available, they are not very attractive to customers.
Bargaining Power Of Customers
The bargaining power of customers for Tennant Company is high because customers have many options and can easily switch to competitors.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Tennant Company is low because the company has many suppliers to choose from and can negotiate good prices.
Threat Of New Entrants
The threat of new entrants for Tennant Company is medium because while it is possible for new companies to enter the market, there are some barriers to entry.
Intensity Of Rivalry
The intensity of rivalry for Tennant Company is high because the market is highly competitive and companies are constantly competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 29.58% |
| Debt Cost | 6.30% |
| Equity Weight | 70.42% |
| Equity Cost | 9.38% |
| WACC | 8.47% |
| Leverage | 42.01% |
Tennant Company : Quality Control
Tennant Company passed 8 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| SXI | Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, … |
| TWIN | Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's products include marine transmissions, … |
| EPAC | Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, and internationally. … |
| THR | Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, … |
| GHM | Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Enerpac Tool
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Tennant
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Graham
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Standex
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Thermon
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