Financials TriNet Group, Inc.

Equities

TNET

US8962881079

Employment Services

Real-time Estimate Cboe BZX 01:48:25 2024-04-19 pm EDT 5-day change 1st Jan Change
127.8 USD -1.34% Intraday chart for TriNet Group, Inc. -0.02% +7.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,954 5,371 6,263 4,097 6,007 6,549 - -
Enterprise Value (EV) 1 4,064 5,440 6,011 4,163 6,748 7,030 6,792 6,480
P/E ratio 18.9 x 20.2 x 18.8 x 12.1 x 18.1 x 23.6 x 21.6 x 18.6 x
Yield - - - - - 0.29% 0.38% 0.44%
Capitalization / Revenue 4.26 x 5.09 x 5.22 x 2.88 x 4.26 x 5 x 4.8 x 4.49 x
EV / Revenue 4.37 x 5.16 x 5.01 x 2.93 x 4.79 x 5.36 x 4.97 x 4.45 x
EV / EBITDA 10.8 x 11.6 x 10.6 x 6.05 x 9.68 x 13 x 12 x 11.1 x
EV / FCF 9.54 x 10.7 x 33.8 x 8.23 x 14.4 x 22.8 x 16.8 x 12.3 x
FCF Yield 10.5% 9.38% 2.96% 12.2% 6.97% 4.38% 5.95% 8.13%
Price to Book 8.23 x 8.82 x 7.13 x 5.3 x 86.9 x 24.9 x 13.4 x 8.53 x
Nbr of stocks (in thousands) 69,840 66,634 65,750 60,432 50,508 50,573 - -
Reference price 2 56.61 80.60 95.26 67.80 118.9 129.5 129.5 129.5
Announcement Date 2/13/20 2/16/21 2/14/22 2/15/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 929 1,055 1,201 1,422 1,409 1,311 1,365 1,458
EBITDA 1 378 468 565 688 697 540.5 565.6 581.3
EBIT 1 268 368 455 499 469 373.6 388.4 419.6
Operating Margin 28.85% 34.88% 37.89% 35.09% 33.29% 28.5% 28.45% 28.79%
Earnings before Tax (EBT) 1 270 357 441 482 501 386.2 413.7 481.4
Net income 1 212 272 338 355 375 281.8 302.9 345.8
Net margin 22.82% 25.78% 28.14% 24.96% 26.61% 21.49% 22.19% 23.72%
EPS 2 2.990 3.990 5.070 5.610 6.560 5.478 5.982 6.970
Free Cash Flow 1 426 510 178 506 470 308 404 527
FCF margin 45.86% 48.34% 14.82% 35.58% 33.36% 23.49% 29.59% 36.15%
FCF Conversion (EBITDA) 112.7% 108.97% 31.5% 73.55% 67.43% 56.99% 71.43% 90.66%
FCF Conversion (Net income) 200.94% 187.5% 52.66% 142.54% 125.33% 109.29% 133.39% 152.42%
Dividend per Share 2 - - - - - 0.3750 0.4900 0.5650
Announcement Date 2/13/20 2/16/21 2/14/22 2/15/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 297 293 395 348 369 310 394 341 348 326 378.9 322.3 309.5 300.1 396.8
EBITDA 1 132 116 242 162 173 111 223 161 172 140 186.1 126.2 119 105.8 211.1
EBIT 1 105 91 204 119 120 56 169 97 116 86 143.4 88.58 76.35 66.98 -
Operating Margin 35.35% 31.06% 51.65% 34.2% 32.52% 18.06% 42.89% 28.45% 33.33% 26.38% 37.86% 27.48% 24.67% 22.32% -
Earnings before Tax (EBT) 1 103 86 200 116 103 65 180 111 124 86 141.8 94.77 80 69.53 -
Net income 1 77 69 146 85 77 49 131 83 94 67 110.8 64.34 60.02 49.89 136.3
Net margin 25.93% 23.55% 36.96% 24.43% 20.87% 15.81% 33.25% 24.34% 27.01% 20.55% 29.25% 19.97% 19.4% 16.62% 34.34%
EPS 2 1.160 1.030 2.210 1.350 1.220 0.7800 2.170 1.380 1.630 1.310 2.113 1.262 1.168 1.005 2.424
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 10/25/21 2/14/22 4/26/22 7/26/22 10/25/22 2/15/23 4/26/23 7/26/23 10/25/23 2/15/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 110 69 - 66 741 481 242 -
Net Cash position 1 - - 252 - - - - 69.2
Leverage (Debt/EBITDA) 0.291 x 0.1474 x - 0.0959 x 1.063 x 0.8891 x 0.4286 x -
Free Cash Flow 1 426 510 178 506 470 308 404 527
ROE (net income / shareholders' equity) 55.5% 56% 50.5% 54.1% 105% 222% 124% 87.3%
ROA (Net income/ Total Assets) 9.11% 10.5% 11.8% 13.3% 12.5% 7.64% 7.16% 7.61%
Assets 1 2,328 2,599 2,855 2,675 3,000 3,691 4,228 4,544
Book Value Per Share 2 6.880 9.130 13.40 12.80 1.370 5.200 9.650 15.20
Cash Flow per Share 2 6.630 8.030 3.250 8.780 9.560 10.70 11.30 12.70
Capex 1 45 36 40 56 75 66.2 74.3 76
Capex / Sales 4.84% 3.41% 3.33% 3.94% 5.32% 5.05% 5.45% 5.22%
Announcement Date 2/13/20 2/16/21 2/14/22 2/15/23 2/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
129.5 USD
Average target price
134.3 USD
Spread / Average Target
+3.73%
Consensus
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  4. Financials TriNet Group, Inc.