Critical Review: Tenon Medical (TNON) vs. The Competition

Tenon Medical (NASDAQ:TNONGet Rating) is one of 228 public companies in the “Surgical & medical instruments” industry, but how does it weigh in compared to its peers? We will compare Tenon Medical to similar companies based on the strength of its valuation, earnings, profitability, risk, analyst recommendations, institutional ownership and dividends.

Profitability

This table compares Tenon Medical and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Tenon Medical -2,737.63% -653.61% -147.49%
Tenon Medical Competitors -1,305.72% -152.64% -26.86%

Valuation and Earnings

This table compares Tenon Medical and its peers top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Tenon Medical $690,000.00 -$18.92 million -0.53
Tenon Medical Competitors $1.13 billion $57.96 million -2.95

Tenon Medical’s peers have higher revenue and earnings than Tenon Medical. Tenon Medical is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a summary of recent ratings and price targets for Tenon Medical and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Tenon Medical 0 0 1 0 3.00
Tenon Medical Competitors 991 3591 7792 180 2.57

Tenon Medical presently has a consensus target price of $6.00, indicating a potential upside of 180.37%. As a group, “Surgical & medical instruments” companies have a potential upside of 28.20%. Given Tenon Medical’s stronger consensus rating and higher probable upside, research analysts plainly believe Tenon Medical is more favorable than its peers.

Insider & Institutional Ownership

7.6% of Tenon Medical shares are held by institutional investors. Comparatively, 45.0% of shares of all “Surgical & medical instruments” companies are held by institutional investors. 11.6% of Tenon Medical shares are held by insiders. Comparatively, 14.6% of shares of all “Surgical & medical instruments” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Summary

Tenon Medical peers beat Tenon Medical on 8 of the 12 factors compared.

Tenon Medical Company Profile

(Get Rating)

Tenon Medical, Inc., a medical device company, develops surgical implant systems to optimize sacroiliac joint fixation/fusion surgery and corresponding outcomes. It sells The CATAMARAN SIJ Fusion System that includes instruments and implants designed to prepare and fixate the SI-Joint for fusion in the United States and Puerto Rico. The company was founded in 2012 and is based in Los Gatos, California.

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