Company Valuation: CBIZ, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,023 2,369 3,106 4,091 2,698 1,507 - -
Change - 17.1% 31.12% 31.74% -34.06% -44.13% - -
Enterprise Value (EV) 1 2,023 2,369 3,408 4,091 4,136 2,716 2,487 2,401
Change - 17.1% 43.9% 20.04% 1.08% -34.32% -8.44% -3.44%
P/E ratio 29.6x 23.3x 26.2x 105x 27.6x 10.3x 8.82x 7.01x
PBR 2.98x 3.44x 4x - 1.56x 0.9x 0.82x 0.73x
PEG - 0.4x 1.4x -1.6x 0x 0.2x 0.5x 0.3x
Capitalization / Revenue 1.83x 1.68x 1.95x 2.26x 0.98x 0.53x 0.51x 0.5x
EV / Revenue 1.83x 1.68x 2.14x 2.26x 1.5x 0.96x 0.84x 0.79x
EV / EBITDA 13.6x 12.5x 15.2x 28.6x 9.25x 5.78x 5.07x 4.76x
EV / EBIT 27.8x 14.1x 20.6x 55.5x 17.7x 8.84x 7.09x 5.8x
EV / FCF 16.6x 20.2x 26.1x 36.9x - 9.76x 8.43x -
FCF Yield 6.04% 4.96% 3.83% 2.71% - 10.2% 11.9% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.32 2.01 2.39 0.78 1.83 2.805 3.279 4.124
Distribution rate - - - - - - - -
Net sales 1 1,105 1,412 1,591 1,813 2,758 2,838 2,959 3,035
EBITDA 1 148.5 190.1 223.8 142.9 446.9 469.8 490.1 504.4
EBIT 1 72.67 168.3 165.2 73.72 234 307.2 350.9 414.1
Net income 1 70.89 105.4 121 41.04 115.4 168.1 185.6 213.7
Net Debt 1 - - 302.7 - 1,438 1,209 979.5 894
Reference price 2 39.12 46.85 62.59 81.83 50.45 28.92 28.92 28.92
Nbr of stocks (in thousands) 51,703 50,556 49,619 49,999 53,478 52,126 - -
Announcement Date 2/17/22 2/16/23 2/15/24 2/26/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.31x0.96x5.78x-.--% 1.51B
34.44x6.19x22.37x1% 67.34B
35.4x4.24x13.82x1.27% 19.02B
18.39x1.99x9.86x3.79% 13.66B
25.51x1.07x10.84x1.28% 13.05B
24.19x2.75x11.81x3.08% 11.48B
32.93x3.79x15.51x1.9% 8.05B
14.2x0.62x9.01x1.55% 6.5B
17x0.37x8.45x4.28% 5.05B
Average 23.60x 2.44x 11.94x 2.02% 16.18B
Weighted average by Cap. 29.61x 4.18x 16.59x 1.66%

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