Company Valuation: Tenet Healthcare Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 4,213 8,751 5,275 7,674 12,004 20,310 20,310 -
Change - 107.7% -39.72% 45.47% 56.42% 69.19% 0% -
Enterprise Value (EV) 1 17,486 22,033 19,496 21,448 22,158 27,753 29,591 29,059
Change - 26% -11.51% 10.01% 3.31% 25.25% -3.17% -1.8%
P/E ratio 10.6x 9.7x 12.9x 13.2x 3.86x 12.8x 11.8x 13x
PBR 151x 8.52x 2.03x 2.42x 2.06x 4x 3.5x 2.95x
PEG - 0x -0.2x 0.3x 0x -0.2x 0.4x -1.38x
Capitalization / Revenue 0.24x 0.45x 0.28x 0.37x 0.58x 0.82x 0.92x 0.9x
EV / Revenue 0.99x 1.13x 1.02x 1.04x 1.07x 1.3x 1.34x 1.28x
EV / EBITDA 5.56x 6.33x 5.62x 6.06x 5.55x 6.08x 6.37x 6.16x
EV / EBIT 7.64x 8.38x 7.42x 8.03x 6.97x 7.49x 7.89x 7.61x
EV / FCF 6.1x 24.2x 60.7x 13.2x 19.9x 11x 11.2x 11.7x
FCF Yield 16.4% 4.13% 1.65% 7.57% 5.04% 9.12% 8.91% 8.58%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.75 8.42 3.79 5.71 32.7 15.49 19.64 17.79
Distribution rate - - - - - - - -
Net sales 1 17,640 19,485 19,174 20,548 20,665 21,310 22,045 22,642
EBITDA 1 3,146 3,483 3,469 3,541 3,995 4,566 4,642 4,721
EBIT 1 2,289 2,628 2,628 2,671 3,177 3,703 3,752 3,820
Net income 1 399 914 411 611 3,200 1,407 1,818 1,453
Net Debt 1 13,273 13,282 14,221 13,774 10,154 10,288 9,281 8,749
Reference price 2 39.93 81.69 48.79 75.57 126.23 231.10 231.10 231.10
Nbr of stocks (in thousands) 105,517 107,126 108,123 101,552 95,097 87,885 87,885 -
Announcement Date 09/02/21 07/02/22 09/02/23 08/02/24 12/02/25 11/02/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.96x1.44x6.73x-.--% 20.31B
17.73x2.14x10.5x0.57% 121B
13.22x0.37x8.29x3.45% 99.84B
18.97x1.75x10.46x2.18% 34.13B
37.35x7.13x29.5x1.91% 23.97B
24.22x2.02x11.8x1.02% 23.43B
24.08x2.56x12.79x1.49% 22.76B
20.61x1.84x9.83x7.63% 17.98B
10.7x1.1x7.38x0.34% 14.67B
13.09x1.04x5.66x3.61% 13.39B
Average 19.49x 2.14x 11.29x 2.22% 39.13B
Weighted average by Cap. 18.21x 1.85x 10.80x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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