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Tenneco

DB:TNN
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TNN
DB
$232M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Tenneco Inc. designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Tenneco has significant price volatility in the past 3 months.
TNN Share Price and Events
7 Day Returns
-13.9%
DB:TNN
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-85.4%
DB:TNN
-47.8%
DE Auto Components
-16.6%
DE Market
TNN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tenneco (TNN) -13.9% -44.1% -74.2% -85.4% -94.3% -94.1%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • TNN underperformed the Auto Components industry which returned -47.8% over the past year.
  • TNN underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
TNN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Tenneco undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tenneco to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tenneco.

DB:TNN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TNN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (2542.51%))
16.43
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:TNN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tenneco is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TNN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 919.00 Analyst x1 831.75
2021 559.00 Analyst x1 457.89
2022 382.87 Est @ -31.51% 283.85
2023 297.98 Est @ -22.17% 199.94
2024 251.38 Est @ -15.64% 152.66
2025 223.57 Est @ -11.06% 122.88
2026 205.99 Est @ -7.86% 102.47
2027 194.42 Est @ -5.62% 87.53
2028 186.54 Est @ -4.05% 76.01
2029 181.03 Est @ -2.95% 66.76
Present value of next 10 years cash flows $2,381.00
DB:TNN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $181.03 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$1,657.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,657.43 ÷ (1 + 10.49%)10
$611.23
DB:TNN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,381.00 + $611.23
$2,992.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,992.23 / 81.26
$36.82
DB:TNN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TNN represents 1.08773x of NYSE:TEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.08773x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 36.82 x 1.08773
€40.05
Value per share (EUR) From above. €40.05
Current discount Discount to share price of €3.10
= -1 x (€3.10 - €40.05) / €40.05
92.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tenneco is available for.
Intrinsic value
>50%
Share price is €3.1 vs Future cash flow value of €40.05
Current Discount Checks
For Tenneco to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tenneco's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tenneco's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tenneco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tenneco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TNN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-4.13
NYSE:TEN Share Price ** NYSE (2020-04-07) in USD $2.85
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tenneco.

DB:TNN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TEN Share Price ÷ EPS (both in USD)

= 2.85 ÷ -4.13

-0.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tenneco is loss making, we can't compare its value to the DE Auto Components industry average.
  • Tenneco is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Tenneco's expected growth come at a high price?
Raw Data
DB:TNN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
100%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tenneco, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tenneco's assets?
Raw Data
DB:TNN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $17.62
NYSE:TEN Share Price * NYSE (2020-04-07) in USD $2.85
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:TNN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TEN Share Price ÷ Book Value per Share (both in USD)

= 2.85 ÷ 17.62

0.16x

* Primary Listing of Tenneco.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tenneco is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Tenneco's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Tenneco has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tenneco expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
100%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tenneco expected to grow at an attractive rate?
  • Tenneco's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Tenneco's earnings growth is expected to exceed the Germany market average.
  • Tenneco's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TNN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TNN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 100%
DB:TNN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -1.3%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TNN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TNN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 16,922 227 3
2021-12-31 16,125 692 64 6
2020-12-31 14,725 554 -208 7
2020-04-07
DB:TNN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 17,450 444 -334
2019-09-30 17,585 466 -130
2019-06-30 15,637 261 -143
2019-03-31 13,666 289 -122
2018-12-31 11,763 439 55
2018-09-30 9,876 468 223
2018-06-30 9,779 534 249
2018-03-31 9,563 548 199
2017-12-31 9,274 517 198
2017-09-30 9,038 337 177
2017-06-30 8,860 442 273
2017-03-31 8,755 482 358

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tenneco's earnings are expected to grow significantly at over 20% yearly.
  • Tenneco's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TNN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Tenneco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TNN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.80 2.80 2.80 1.00
2021-12-31 0.79 1.15 0.30 3.00
2020-12-31 -2.51 -0.85 -5.41 4.00
2020-04-07
DB:TNN Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -4.13
2019-09-30 -1.61
2019-06-30 -1.95
2019-03-31 -1.85
2018-12-31 0.94
2018-09-30 4.35
2018-06-30 4.83
2018-03-31 3.82
2017-12-31 3.75
2017-09-30 3.31
2017-06-30 5.03
2017-03-31 6.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tenneco is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tenneco's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tenneco has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tenneco performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tenneco's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tenneco does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tenneco's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tenneco's 1-year growth to the DE Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Tenneco's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tenneco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TNN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 17,450.00 -334.00 993.00 324.00
2019-09-30 17,585.00 -130.00 1,014.00 330.00
2019-06-30 15,637.00 -143.00 913.00 291.00
2019-03-31 13,666.00 -122.00 779.00 252.00
2018-12-31 11,763.00 55.00 623.00 200.00
2018-09-30 9,876.00 223.00 511.00 161.00
2018-06-30 9,779.00 249.00 509.00 162.00
2018-03-31 9,563.00 199.00 628.00 159.00
2017-12-31 9,274.00 198.00 626.00 158.00
2017-09-30 9,038.00 177.00 713.00 151.00
2017-06-30 8,860.00 273.00 690.00 152.00
2017-03-31 8,755.00 358.00 574.00 153.00
2016-12-31 8,597.00 347.00 585.00 152.00
2016-09-30 8,447.00 380.00 504.00 149.00
2016-06-30 8,404.00 259.00 509.00 142.00
2016-03-31 8,294.00 249.00 497.00 143.00
2015-12-31 8,181.00 241.00 480.00 145.00
2015-09-30 8,182.00 200.00 488.00 150.00
2015-06-30 8,238.00 226.00 486.00 158.00
2015-03-31 8,349.00 229.00 502.00 161.00
2014-12-31 8,381.00 225.00 510.00 162.00
2014-09-30 8,447.00 259.00 491.00 165.00
2014-06-30 8,329.00 193.00 494.00 158.00
2014-03-31 8,155.00 175.00 461.00 150.00
2013-12-31 7,964.00 183.00 447.00 143.00
2013-09-30 7,686.00 162.00 438.00 135.00
2013-06-30 7,501.00 275.00 418.00 128.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tenneco has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tenneco has efficiently used its assets last year compared to the DE Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tenneco improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tenneco's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tenneco has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tenneco's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tenneco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tenneco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tenneco's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tenneco's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tenneco Company Filings, last reported 3 months ago.

DB:TNN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,815.00 5,556.00 564.00
2019-09-30 1,976.00 5,569.00 389.00
2019-06-30 1,989.00 5,678.00 384.00
2019-03-31 1,980.00 5,576.00 357.00
2018-12-31 2,054.00 5,493.00 697.00
2018-09-30 803.00 1,544.00 202.00
2018-06-30 799.00 1,459.00 235.00
2018-03-31 875.00 1,484.00 288.00
2017-12-31 724.00 1,461.00 315.00
2017-09-30 718.00 1,681.00 277.00
2017-06-30 682.00 1,597.00 333.00
2017-03-31 739.00 1,519.00 341.00
2016-12-31 660.00 1,384.00 347.00
2016-09-30 710.00 1,434.00 324.00
2016-06-30 624.00 1,360.00 311.00
2016-03-31 605.00 1,408.00 374.00
2015-12-31 505.00 1,210.00 287.00
2015-09-30 519.00 1,341.00 220.00
2015-06-30 621.00 1,230.00 250.00
2015-03-31 565.00 1,260.00 288.00
2014-12-31 573.00 1,115.00 282.00
2014-09-30 676.00 1,298.00 275.00
2014-06-30 647.00 1,297.00 260.00
2014-03-31 558.00 1,315.00 267.00
2013-12-31 492.00 1,102.00 275.00
2013-09-30 439.00 1,357.00 276.00
2013-06-30 393.00 1,278.00 235.00
  • Tenneco's level of debt (306.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (194.9% vs 306.1% today).
  • Debt is not well covered by operating cash flow (8%, less than 20% of total debt).
  • Tenneco is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Tenneco's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tenneco has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tenneco's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tenneco dividends. Estimated to be 0% next year.
If you bought €2,000 of Tenneco shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tenneco's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tenneco's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TNN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TNN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2020-04-07
DB:TNN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-02 0.000 0.000
2020-02-20 0.000 0.000
2019-11-05 0.000 0.000
2019-10-31 0.000 0.000
2019-08-06 0.000 0.000
2019-02-06 1.000 6.712
2018-10-10 1.000 3.107
2018-07-20 1.000 2.309
2018-05-16 1.000 2.198
2018-02-07 1.000 1.911
2017-10-11 1.000 1.698
2017-07-12 1.000 1.767
2017-05-17 1.000 1.767
2017-05-05 1.000 1.728
2017-05-01 1.000 1.713
2017-02-24 1.000 1.601

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tenneco has not reported any payouts.
  • Unable to verify if Tenneco's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tenneco's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tenneco has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Tenneco's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Tenneco's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tenneco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tenneco has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tenneco's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Kesseler
COMPENSATION $9,297,547
AGE 52
TENURE AS CEO 0.3 years
CEO Bio

Mr. Brian J. Kesseler has been the Chief Executive Officer of Tenneco Inc., since January 7, 2020 and its Director since October 11, 2016. He served as Co-Chief Executive Officer of Tenneco Inc. from October 1, 2018 to January 7, 2020. Mr. Kesseler was Chief Executive Officer of Tenneco Inc. since May 17, 2017 until October 1, 2018. He served as a Vice President of Johnson Controls Inc. since January 2013 until January 6, 2015 and served as its President of Power Solutions Business since January 2013 until January 2013. He served as the Chief Operating Officer at Tenneco Inc. since January 12, 2015 until May 17, 2017. Mr. Kesseler served as Chief Operating Officer for Power Solutions Business at Johnson Controls Inc. since May 2012 until January 2013. He served as Vice President and General Manager of the power solutions business - North America at Johnson Controls Inc. since September 2006 until 2009. He served as Group Vice President and General Manager, North America of Johnson Controls Inc. since 2003 until 2006. Mr. Kesseler joined the Johnson Controls management team in 1994 and prior to his new assignment he served as Group Vice President and General Manager of Customer Business Units, North America. Before coming to Johnson Controls, he held positions of increasing responsibility at Ford Motor Company. Mr. Kesseler holds bachelor's degree in finance from Michigan State University and a master's degree in systems management from Baldwin-Wallace College. Mr. Kesseler holds an M.B.A. from Baldwin-Wallace College.

CEO Compensation
  • Brian's compensation has increased whilst company is loss making.
  • Brian's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Tenneco management team in years:

1.9
Average Tenure
52
Average Age
  • The average tenure for the Tenneco management team is less than 2 years, this suggests a new team.
Management Team

Brian Kesseler

TITLE
CEO & Director
COMPENSATION
$9M
AGE
52
TENURE
0.3 yrs

Patrick Guo

TITLE
Executive VP & President of Clean Air
COMPENSATION
$2M
AGE
53
TENURE
9.8 yrs

Jason Hollar

TITLE
Executive Vice President
COMPENSATION
$3M
AGE
46

Brad Norton

TITLE
Executive VP & President of Original Equipment
COMPENSATION
$3M
AGE
54
TENURE
1.5 yrs

Rainer Jueckstock

TITLE
Executive VP & President of Powertrain
COMPENSATION
$3M
AGE
60
TENURE
1.5 yrs

Ken Trammell

TITLE
Interim CFO & Executive VP
COMPENSATION
$3M
AGE
58

John Patouhas

TITLE
VP & Chief Accounting Officer
AGE
52
TENURE
1.2 yrs

Rusty Patel

TITLE
Senior VP & Chief Information Officer
TENURE
2.3 yrs

Brandon Smith

TITLE
Senior VP
COMPENSATION
$2M
AGE
38
TENURE
2.5 yrs

Kaled Awada

TITLE
Senior VP & Chief Human Resources Officer
AGE
44
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Tenneco board of directors in years:

7.3
Average Tenure
65.5
Average Age
  • The tenure for the Tenneco board of directors is about average.
Board of Directors

Gregg Sherrill

TITLE
Non-Executive Chairman
COMPENSATION
$445K
AGE
66
TENURE
13.3 yrs

Brian Kesseler

TITLE
CEO & Director
COMPENSATION
$9M
AGE
52
TENURE
3.5 yrs

Jane Warner

TITLE
Independent Director
COMPENSATION
$250K
AGE
72
TENURE
15.5 yrs

Tom Freyman

TITLE
Independent Director
COMPENSATION
$250K
AGE
65
TENURE
7.3 yrs

Jim Metcalf

TITLE
Independent Director
COMPENSATION
$250K
AGE
61
TENURE
5.8 yrs

Dennis Letham

TITLE
Lead Independent Director
COMPENSATION
$270K
AGE
67

Roger Porter

TITLE
Independent Director
COMPENSATION
$260K
AGE
72
TENURE
22.3 yrs

David Price

TITLE
Independent Director
COMPENSATION
$260K
AGE
73
TENURE
20.4 yrs

Denise Gray

TITLE
Independent Director
COMPENSATION
$200K
AGE
56
TENURE
1.1 yrs

SungHwan Cho

TITLE
Independent Director
COMPENSATION
$123K
AGE
45
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Aug 19 Buy Brandon Smith Individual 09. Aug 19 09. Aug 19 20,000 €8.45 €169,028
09. Aug 19 Buy Jason Hollar Individual 07. Aug 19 08. Aug 19 60,000 €8.43 €505,065
08. Aug 19 Buy Dennis Letham Individual 07. Aug 19 07. Aug 19 10,000 €8.25 €82,460
X
Management checks
We assess Tenneco's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tenneco has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Tenneco Inc. designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide. The company operates through Clean Air, Powertrain, Ride Performance, and Motorparts segments. It offers clean air products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide (NOx) traps, hydrocarbon vaporizers and injectors, selective catalytic reduction (SCR) systems, SCR-coated diesel particulate filters systems, urea dosing systems, four-way catalysts, alternative NOx reduction technologies, mufflers and resonators, fabricated exhaust manifolds, pipes, hydroformed assemblies, elastomeric hangers and isolators, and aftertreatment control units. The company also provides powertrain products and systems, such as pistons, piston rings, cylinder liners, valve seats and guides, bearings, spark plugs, valve train products, system protection products, and seals and gaskets. In addition, it offers motor parts, including steering and suspension, braking, sealing, engine, emission, and maintenance products, as well as shocks and struts; and ride performance products and systems comprising advanced suspension technologies, and ride control and braking products, as well as noise, vibration, and harshness performance materials. The company was formerly known as Tenneco Automotive Inc. and changed its name to Tenneco Inc. in 2005. Tenneco Inc. was founded in 1888 and is headquartered in Lake Forest, Illinois.

Details
Name: Tenneco Inc.
TNN
Exchange: DB
Founded: 1888
$214,144,362
81,257,027
Website: http://www.tenneco.com
Address: Tenneco Inc.
500 North Field Drive,
Lake Forest,
Illinois, 60045,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TEN Class A Common Stock New York Stock Exchange US USD 02. Jan 1968
DB TNN Class A Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0RT7 Class A Common Stock London Stock Exchange GB USD 02. Jan 1968
BRSE TNN Class A Common Stock Berne Stock Exchange CH CHF 02. Jan 1968
Number of employees
Current staff
Staff numbers
78,000
Tenneco employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:46
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/03/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.