PAYCHEX INC (PCX.DE) Fundamental Analysis & Valuation

FRA:PCX • US7043261079

Current stock price

80.65 EUR
+0.14 (+0.17%)
Last:

This PCX.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. PCX.DE Profitability Analysis

1.1 Basic Checks

  • PCX had positive earnings in the past year.
  • In the past year PCX had a positive cash flow from operations.
  • In the past 5 years PCX has always been profitable.
  • Each year in the past 5 years PCX had a positive operating cash flow.
PCX.DE Yearly Net Income VS EBIT VS OCF VS FCFPCX.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • The Return On Assets of PCX (9.66%) is better than 83.87% of its industry peers.
  • With an excellent Return On Equity value of 41.13%, PCX belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 19.25%, PCX belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for PCX is significantly above the industry average of 11.38%.
  • The 3 year average ROIC (28.05%) for PCX is well above the current ROIC(19.25%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 9.66%
ROE 41.13%
ROIC 19.25%
ROA(3y)13.68%
ROA(5y)13.48%
ROE(3y)43.07%
ROE(5y)42.31%
ROIC(3y)28.05%
ROIC(5y)28.53%
PCX.DE Yearly ROA, ROE, ROICPCX.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • PCX has a better Profit Margin (26.45%) than 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of PCX has grown nicely.
  • PCX's Operating Margin of 39.76% is amongst the best of the industry. PCX outperforms 100.00% of its industry peers.
  • In the last couple of years the Operating Margin of PCX has grown nicely.
  • PCX's Gross Margin of 91.14% is amongst the best of the industry. PCX outperforms 80.65% of its industry peers.
  • PCX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 39.76%
PM (TTM) 26.45%
GM 91.14%
OM growth 3Y1.57%
OM growth 5Y2.95%
PM growth 3Y-0.51%
PM growth 5Y1.82%
GM growth 3Y-0.99%
GM growth 5Y-0.7%
PCX.DE Yearly Profit, Operating, Gross MarginsPCX.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. PCX.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PCX is creating value.
  • PCX has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for PCX has been increased compared to 5 years ago.
  • The debt/assets ratio for PCX is higher compared to a year ago.
PCX.DE Yearly Shares OutstandingPCX.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
PCX.DE Yearly Total Debt VS Total AssetsPCX.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • PCX has an Altman-Z score of 2.75. This is not the best score and indicates that PCX is in the grey zone with still only limited risk for bankruptcy at the moment.
  • PCX has a better Altman-Z score (2.75) than 61.29% of its industry peers.
  • PCX has a debt to FCF ratio of 2.53. This is a good value and a sign of high solvency as PCX would need 2.53 years to pay back of all of its debts.
  • PCX's Debt to FCF ratio of 2.53 is amongst the best of the industry. PCX outperforms 87.10% of its industry peers.
  • PCX has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.18, PCX is not doing good in the industry: 61.29% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF 2.53
Altman-Z 2.75
ROIC/WACC2.32
WACC8.31%
PCX.DE Yearly LT Debt VS Equity VS FCFPCX.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 1.27 indicates that PCX should not have too much problems paying its short term obligations.
  • PCX has a better Current ratio (1.27) than 67.74% of its industry peers.
  • A Quick Ratio of 1.27 indicates that PCX should not have too much problems paying its short term obligations.
  • PCX has a Quick ratio of 1.27. This is in the better half of the industry: PCX outperforms 70.97% of its industry peers.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.27
PCX.DE Yearly Current Assets VS Current LiabilitesPCX.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. PCX.DE Growth Analysis

3.1 Past

  • PCX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.50%.
  • PCX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.74% yearly.
  • PCX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.37%.
  • Measured over the past years, PCX shows a small growth in Revenue. The Revenue has been growing by 6.64% on average per year.
EPS 1Y (TTM)7.5%
EPS 3Y9.82%
EPS 5Y10.74%
EPS Q2Q%10.53%
Revenue 1Y (TTM)12.37%
Revenue growth 3Y6.51%
Revenue growth 5Y6.64%
Sales Q2Q%18.28%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.20% on average over the next years. This is quite good.
  • PCX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.57% yearly.
EPS Next Y12.41%
EPS Next 2Y10.01%
EPS Next 3Y8.91%
EPS Next 5Y8.2%
Revenue Next Year16.9%
Revenue Next 2Y11.26%
Revenue Next 3Y9.42%
Revenue Next 5Y7.57%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
PCX.DE Yearly Revenue VS EstimatesPCX.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B
PCX.DE Yearly EPS VS EstimatesPCX.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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Find the best growth stocksShow best growing peers

4

4. PCX.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 18.04, the valuation of PCX can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of PCX indicates a somewhat cheap valuation: PCX is cheaper than 70.97% of the companies listed in the same industry.
  • PCX is valuated rather cheaply when we compare the Price/Earnings ratio to 25.54, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 15.46, the valuation of PCX can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PCX is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, PCX is valued a bit cheaper.
Industry RankSector Rank
PE 18.04
Fwd PE 15.46
PCX.DE Price Earnings VS Forward Price EarningsPCX.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PCX is on the same level as its industry peers.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as PCX.
Industry RankSector Rank
P/FCF 17.05
EV/EBITDA 13.55
PCX.DE Per share dataPCX.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of PCX may justify a higher PE ratio.
PEG (NY)1.45
PEG (5Y)1.68
EPS Next 2Y10.01%
EPS Next 3Y8.91%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. PCX.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.71%, PCX is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.70, PCX pays a better dividend. On top of this PCX pays more dividend than 87.10% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, PCX pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.71%

5.2 History

  • The dividend of PCX is nicely growing with an annual growth rate of 10.17%!
Dividend Growth(5Y)10.17%
Div Incr Years0
Div Non Decr Years0
PCX.DE Yearly Dividends per sharePCX.DE Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2025 2026 1 2 3

5.3 Sustainability

  • PCX pays out 95.21% of its income as dividend. This is not a sustainable payout ratio.
  • PCX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP95.21%
EPS Next 2Y10.01%
EPS Next 3Y8.91%
PCX.DE Yearly Income VS Free CF VS DividendPCX.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
PCX.DE Dividend Payout.PCX.DE Dividend Payout, showing the Payout Ratio.PCX.DE Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

PCX.DE Fundamentals: All Metrics, Ratios and Statistics

PAYCHEX INC

FRA:PCX (3/23/2026, 7:00:00 PM)

80.65

+0.14 (+0.17%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)12-19
Earnings (Next)03-25
Inst Owners84.56%
Inst Owner ChangeN/A
Ins Owners10.31%
Ins Owner ChangeN/A
Market Cap28.95B
Revenue(TTM)6.03B
Net Income(TTM)1.60B
Analysts53.91
Price Target104.65 (29.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.71%
Yearly Dividend3.48
Dividend Growth(5Y)10.17%
DP95.21%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.15%
Min EPS beat(2)-0.85%
Max EPS beat(2)0.54%
EPS beat(4)1
Avg EPS beat(4)-0.88%
Min EPS beat(4)-1.94%
Max EPS beat(4)0.54%
EPS beat(8)2
Avg EPS beat(8)-0.69%
EPS beat(12)3
Avg EPS beat(12)-0.63%
EPS beat(16)6
Avg EPS beat(16)0.4%
Revenue beat(2)0
Avg Revenue beat(2)-2.25%
Min Revenue beat(2)-2.65%
Max Revenue beat(2)-1.85%
Revenue beat(4)0
Avg Revenue beat(4)-2.37%
Min Revenue beat(4)-2.65%
Max Revenue beat(4)-1.85%
Revenue beat(8)0
Avg Revenue beat(8)-2.26%
Revenue beat(12)0
Avg Revenue beat(12)-2.09%
Revenue beat(16)2
Avg Revenue beat(16)-1.47%
PT rev (1m)-3.4%
PT rev (3m)-9.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.4%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.37%
Revenue NQ rev (1m)0.44%
Revenue NQ rev (3m)-1.08%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.44%
Valuation
Industry RankSector Rank
PE 18.04
Fwd PE 15.46
P/S 5.54
P/FCF 17.05
P/OCF 15.05
P/B 8.62
P/tB N/A
EV/EBITDA 13.55
EPS(TTM)4.47
EY5.54%
EPS(NY)5.22
Fwd EY6.47%
FCF(TTM)4.73
FCFY5.86%
OCF(TTM)5.36
OCFY6.65%
SpS14.55
BVpS9.35
TBVpS-5.93
PEG (NY)1.45
PEG (5Y)1.68
Graham Number30.67
Profitability
Industry RankSector Rank
ROA 9.66%
ROE 41.13%
ROCE 25.31%
ROIC 19.25%
ROICexc 22.93%
ROICexgc 111.92%
OM 39.76%
PM (TTM) 26.45%
GM 91.14%
FCFM 32.51%
ROA(3y)13.68%
ROA(5y)13.48%
ROE(3y)43.07%
ROE(5y)42.31%
ROIC(3y)28.05%
ROIC(5y)28.53%
ROICexc(3y)39.45%
ROICexc(5y)39.54%
ROICexgc(3y)122.07%
ROICexgc(5y)118.33%
ROCE(3y)36.92%
ROCE(5y)37.54%
ROICexgc growth 3Y-2.65%
ROICexgc growth 5Y2.68%
ROICexc growth 3Y-20.58%
ROICexc growth 5Y-8.53%
OM growth 3Y1.57%
OM growth 5Y2.95%
PM growth 3Y-0.51%
PM growth 5Y1.82%
GM growth 3Y-0.99%
GM growth 5Y-0.7%
F-Score5
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 1.18
Debt/FCF 2.53
Debt/EBITDA 1.66
Cap/Depr 75.29%
Cap/Sales 4.33%
Interest Coverage 250
Cash Conversion 80.95%
Profit Quality 122.94%
Current Ratio 1.27
Quick Ratio 1.27
Altman-Z 2.75
F-Score5
WACC8.31%
ROIC/WACC2.32
Cap/Depr(3y)100.38%
Cap/Depr(5y)88.13%
Cap/Sales(3y)3.56%
Cap/Sales(5y)3.37%
Profit Quality(3y)100.66%
Profit Quality(5y)101.87%
High Growth Momentum
Growth
EPS 1Y (TTM)7.5%
EPS 3Y9.82%
EPS 5Y10.74%
EPS Q2Q%10.53%
EPS Next Y12.41%
EPS Next 2Y10.01%
EPS Next 3Y8.91%
EPS Next 5Y8.2%
Revenue 1Y (TTM)12.37%
Revenue growth 3Y6.51%
Revenue growth 5Y6.64%
Sales Q2Q%18.28%
Revenue Next Year16.9%
Revenue Next 2Y11.26%
Revenue Next 3Y9.42%
Revenue Next 5Y7.57%
EBIT growth 1Y6.35%
EBIT growth 3Y8.18%
EBIT growth 5Y9.79%
EBIT Next Year28.83%
EBIT Next 3Y13.69%
EBIT Next 5Y10.88%
FCF growth 1Y8.26%
FCF growth 3Y5.13%
FCF growth 5Y5.19%
OCF growth 1Y11.67%
OCF growth 3Y6.14%
OCF growth 5Y5.7%

PAYCHEX INC / PCX.DE Fundamental Analysis FAQ

What is the fundamental rating for PCX stock?

ChartMill assigns a fundamental rating of 6 / 10 to PCX.DE.


Can you provide the valuation status for PAYCHEX INC?

ChartMill assigns a valuation rating of 4 / 10 to PAYCHEX INC (PCX.DE). This can be considered as Fairly Valued.


What is the profitability of PCX stock?

PAYCHEX INC (PCX.DE) has a profitability rating of 9 / 10.


How financially healthy is PAYCHEX INC?

The financial health rating of PAYCHEX INC (PCX.DE) is 5 / 10.


What is the earnings growth outlook for PAYCHEX INC?

The Earnings per Share (EPS) of PAYCHEX INC (PCX.DE) is expected to grow by 12.41% in the next year.