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Earnings transcript
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THC
Tenet Healthcare Corporation
$267.25
-7.88
(-2.86%)
| Exchange: | NYSE |
| Market Cap: | 21.519B |
| Shares Outstanding: | 59.716M |
Delayed data
About The Company
| Sector: | HealthcareView sector performance | |||||
| Industry: | Medical – Care FacilitiesView industry performance | |||||
| CEO: | Saumya Sutaria | |||||
| Full Time Employees: | 88500 | |||||
| Address: |
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| Website: | https://www.tenethealth.com |
Tenet Healthcare Corporation operates as a broad-ranging provider of health solutions. The company organizes its operations across three main divisions: Hospital Operations and Other, Ambulatory Care, and Conifer. Within its network of acute care facilities, Tenet delivers a full spectrum of essential services. These include core hospital functions such as operating and recovery suites, radiology and respiratory therapy, clinical laboratories, and on-site pharmacies. The organization also provides high-acuity patient care through intensive, critical, and coronary care units. Specialized medical services cover areas like cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics, alongside various outpatient treatments, including physical therapy. Advanced surgical capabilities feature cardiothoracic, complex spinal, and neurosurgery, as well as neonatal intensive care. Tenet extends its offerings to ultra-specialized quaternary care, exemplified by heart and kidney transplant programs, and sophisticated procedures such as limb-salvaging vascular interventions, acute Level 1 trauma care, intravascular stroke treatment, minimally invasive cardiac valve replacements, advanced imaging, and telemedicine access. Beyond its hospital network, Tenet manages numerous other clinical sites. These encompass outpatient surgical centers, immediate care facilities, diagnostic imaging centers, dedicated surgical hospitals, off-campus emergency departments, and micro-hospitals. Through its Conifer segment, the company furnishes critical healthcare business process solutions. These administrative services, offered to hospitals, health systems, physician practices, employers, and other clients, include financial administration for patient accounts (revenue cycle management), support for patient communications and engagement, and outcome-focused care strategies. As of February 9, 2022, Tenet’s operational footprint included 60 hospitals and roughly 550 additional medical facilities. This count of additional sites comprises surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and various other clinical locations. Tenet Healthcare Corporation was established in 1975 and maintains its principal office in Dallas, Texas.
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Revenue Segmentation
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| THC | Tenet Healthcare Corporation | 21.5B | 10.1 | 12.6 | 11.9% |
 EHC | Encompass Health Corporation | 12.6B | 19.8 | 20.9 | 13.4% |
 DVA | DaVita Inc. | 12.0B | 15.4 | 12.6 | 11.2% |
 FMS | Fresenius Medical Care AG & Co. KGaA | 11.8B | 11.3 | 9.5 | 6.2% |
 UHS | Universal Health Services, Inc. | 10.9B | 7.2 | 8.2 | 11.7% |
 ENSG | The Ensign Group, Inc. | 10.3B | 26.1 | 22.6 | 7.1% |
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 20,548,000 | 20,665,000 | 21,310,000 |
| Gross Profit | 7,805,000 | 8,209,000 | 17,530,000 |
| EBITDA | 3,388,000 | 6,892,000 | 4,484,000 |
| Operating Income | 2,510,000 | 5,956,000 | 3,439,000 |
| Net Income | 611,000 | 3,200,000 | 1,407,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 28,312,000 | 28,936,000 | 29,677,000 |
| Total Liabilities | 22,804,000 | 20,389,000 | 20,704,000 |
| Total Stockholders Equity | 1,608,000 | 4,171,000 | 4,220,000 |
| Total Debt | 15,002,000 | 13,173,000 | 13,171,000 |
| Cash and Cash Equivalents | 1,228,000 | 3,019,000 | 2,883,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,374,000 | 2,047,000 | 3,540,000 |
| Capital Expenditure | -751,000 | -931,000 | -1,010,000 |
| Free Cash Flow | 1,623,000 | 1,116,000 | 2,530,000 |
| Net Income | 611,000 | 4,064,000 | 1,407,000 |
| Net Change in Cash | 370,000 | 1,791,000 | -136,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 23,663,624.329 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 25,167,039.799 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 24,085,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 4,986,488.882 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 5,254,453.133 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 5,061,593.976 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 2,549,390.764 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 2,761,082.522 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 2,608,723.788 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 4,246,945.505 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 4,516,765.693 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 4,322,570.417 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 28.720 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 30.400 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 28.070 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 10 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates THC intrinsic value between $413.08 – $466.63 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about THC valuation
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What is THC’s P/E ratio?
You can see THC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
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THC
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Daily snapshot
-2.86
Trading Metrics:
| Open: | 277.37 | Previous Close: | 275.13 | |
| Day Low: | 265.6 | Day High: | 277.37 | |
| Year Low: | 157.58 | Year High: | 283.05 | |
| Price Avg 50: | 264.04 | Price Avg 200: | 216.5 | |
| Volume: | 818125 | Average Volume: | 1.041M |
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