PAYCHEX INC (PCX.DE) Fundamental Analysis & Valuation

FRA:PCX • US7043261079

Current stock price

78.07 EUR
+1.4 (+1.83%)
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

  • In the past year PCX was profitable.
  • In the past year PCX had a positive cash flow from operations.
  • In the past 5 years PCX has always been profitable.
  • PCX had a positive operating cash flow in each of the past 5 years.
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

  • PCX has a Return On Assets of 9.35%. This is amongst the best in the industry. PCX outperforms 83.33% of its industry peers.
  • The Return On Equity of PCX (40.78%) is better than 83.33% of its industry peers.
  • PCX has a Return On Invested Capital of 19.72%. This is amongst the best in the industry. PCX outperforms 83.33% of its industry peers.
  • PCX had an Average Return On Invested Capital over the past 3 years of 28.05%. This is significantly above the industry average of 11.13%.
  • The last Return On Invested Capital (19.72%) for PCX is well below the 3 year average (28.05%), which needs to be investigated, but indicates that PCX had better years and this may not be a problem.
Industry RankSector Rank
ROA 9.35%
ROE 40.78%
ROIC 19.72%
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's Profit Margin of 25.84% is amongst the best of the industry. PCX outperforms 100.00% of its industry peers.
  • PCX's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 39.36%, PCX belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of PCX has grown nicely.
  • Looking at the Gross Margin, with a value of 91.37%, PCX is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • PCX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 39.36%
PM (TTM) 25.84%
GM 91.37%
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

6

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.
  • PCX has more shares outstanding than it did 5 years ago.
  • PCX has a worse debt/assets ratio than last year.
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

  • An Altman-Z score of 2.60 indicates that PCX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.60, PCX is in line with its industry, outperforming 56.67% of the companies in the same industry.
  • The Debt to FCF ratio of PCX is 2.41, which is a good value as it means it would take PCX, 2.41 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 2.41, PCX belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • PCX has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of PCX (1.13) is worse than 63.33% of its industry peers.
  • Although PCX's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 2.41
Altman-Z 2.6
ROIC/WACC2.42
WACC8.16%
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

  • PCX has a Current Ratio of 1.26. This is a normal value and indicates that PCX is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.26, PCX is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
  • PCX has a Quick Ratio of 1.26. This is a normal value and indicates that PCX is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.26, PCX is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 1.26
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

5

3. PCX.DE Growth Analysis

3.1 Past

  • PCX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.57%, which is quite good.
  • The Earnings Per Share has been growing by 10.74% on average over the past years. This is quite good.
  • The Revenue has grown by 16.44% in the past year. This is quite good.
  • The Revenue has been growing slightly by 6.64% on average over the past years.
EPS 1Y (TTM)9.57%
EPS 3Y9.82%
EPS 5Y10.74%
EPS Q2Q%14.77%
Revenue 1Y (TTM)16.44%
Revenue growth 3Y6.51%
Revenue growth 5Y6.64%
Sales Q2Q%19.87%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.20% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 7.57% on average over the next years.
EPS Next Y12.57%
EPS Next 2Y9.97%
EPS Next 3Y8.86%
EPS Next 5Y8.2%
Revenue Next Year17.06%
Revenue Next 2Y11.13%
Revenue Next 3Y9.21%
Revenue Next 5Y7.57%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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

  • A Price/Earnings ratio of 17.08 indicates a rather expensive valuation of PCX.
  • Based on the Price/Earnings ratio, PCX is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
  • PCX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.95, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 15.24, which indicates a correct valuation of PCX.
  • PCX's Price/Forward Earnings is on the same level as the industry average.
  • PCX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.68.
Industry RankSector Rank
PE 17.08
Fwd PE 15.24
PCX.DE Price Earnings VS Forward Price EarningsPCX.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PCX indicates a slightly more expensive valuation: PCX is more expensive than 60.00% of the companies listed in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as PCX.
Industry RankSector Rank
P/FCF 15.97
EV/EBITDA 12.39
PCX.DE Per share dataPCX.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

  • PCX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • PCX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.36
PEG (5Y)1.59
EPS Next 2Y9.97%
EPS Next 3Y8.86%

More info and screens

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

6

5. PCX.DE Dividend Analysis

5.1 Amount

  • PCX has a Yearly Dividend Yield of 4.69%, which is a nice return.
  • PCX's Dividend Yield is rather good when compared to the industry average which is at 2.05. PCX pays more dividend than 93.33% of the companies in the same industry.
  • PCX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.69%

5.2 History

  • On average, the dividend of PCX grows each year by 10.17%, which is quite nice.
Dividend Growth(5Y)10.17%
Div Incr Years0
Div Non Decr Years1
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

  • 94.97% of the earnings are spent on dividend by PCX. This is not a sustainable payout ratio.
  • The dividend of PCX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP94.97%
EPS Next 2Y9.97%
EPS Next 3Y8.86%
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

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PCX.DE Fundamentals: All Metrics, Ratios and Statistics

PAYCHEX INC

FRA:PCX (4/17/2026, 7:00:00 PM)

78.07

+1.4 (+1.83%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)03-25
Earnings (Next)06-23
Inst Owners84.47%
Inst Owner ChangeN/A
Ins Owners10.32%
Ins Owner ChangeN/A
Market Cap27.97B
Revenue(TTM)6.33B
Net Income(TTM)1.64B
Analysts53.6
Price Target87.6 (12.21%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.69%
Yearly Dividend3.41
Dividend Growth(5Y)10.17%
DP94.97%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.4%
Min EPS beat(2)0.26%
Max EPS beat(2)0.54%
EPS beat(4)2
Avg EPS beat(4)-0.5%
Min EPS beat(4)-1.94%
Max EPS beat(4)0.54%
EPS beat(8)3
Avg EPS beat(8)-0.52%
EPS beat(12)3
Avg EPS beat(12)-0.75%
EPS beat(16)6
Avg EPS beat(16)-0.06%
Revenue beat(2)0
Avg Revenue beat(2)-1.79%
Min Revenue beat(2)-2.65%
Max Revenue beat(2)-0.94%
Revenue beat(4)0
Avg Revenue beat(4)-1.99%
Min Revenue beat(4)-2.65%
Max Revenue beat(4)-0.94%
Revenue beat(8)0
Avg Revenue beat(8)-1.98%
Revenue beat(12)0
Avg Revenue beat(12)-2.12%
Revenue beat(16)1
Avg Revenue beat(16)-1.69%
PT rev (1m)-16.3%
PT rev (3m)-19.14%
EPS NQ rev (1m)-2.26%
EPS NQ rev (3m)-2.3%
EPS NY rev (1m)0.14%
EPS NY rev (3m)0.94%
Revenue NQ rev (1m)-0.97%
Revenue NQ rev (3m)-1.15%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 17.08
Fwd PE 15.24
P/S 5.19
P/FCF 15.97
P/OCF 14.18
P/B 8.2
P/tB N/A
EV/EBITDA 12.39
EPS(TTM)4.57
EY5.85%
EPS(NY)5.12
Fwd EY6.56%
FCF(TTM)4.89
FCFY6.26%
OCF(TTM)5.51
OCFY7.05%
SpS15.03
BVpS9.53
TBVpS-5.37
PEG (NY)1.36
PEG (5Y)1.59
Graham Number31.2965 (-59.91%)
Profitability
Industry RankSector Rank
ROA 9.35%
ROE 40.78%
ROCE 25.88%
ROIC 19.72%
ROICexc 24.19%
ROICexgc 120.47%
OM 39.36%
PM (TTM) 25.84%
GM 91.37%
FCFM 32.52%
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 Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF 2.41
Debt/EBITDA 1.57
Cap/Depr 62.64%
Cap/Sales 4.1%
Interest Coverage 250
Cash Conversion 79.76%
Profit Quality 125.84%
Current Ratio 1.26
Quick Ratio 1.26
Altman-Z 2.6
F-Score5
WACC8.16%
ROIC/WACC2.42
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)9.57%
EPS 3Y9.82%
EPS 5Y10.74%
EPS Q2Q%14.77%
EPS Next Y12.57%
EPS Next 2Y9.97%
EPS Next 3Y8.86%
EPS Next 5Y8.2%
Revenue 1Y (TTM)16.44%
Revenue growth 3Y6.51%
Revenue growth 5Y6.64%
Sales Q2Q%19.87%
Revenue Next Year17.06%
Revenue Next 2Y11.13%
Revenue Next 3Y9.21%
Revenue Next 5Y7.57%
EBIT growth 1Y7.72%
EBIT growth 3Y8.18%
EBIT growth 5Y9.79%
EBIT Next Year27.3%
EBIT Next 3Y13.82%
EBIT Next 5Y10.88%
FCF growth 1Y8.32%
FCF growth 3Y5.13%
FCF growth 5Y5.19%
OCF growth 1Y10.87%
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.


How profitable is PAYCHEX INC (PCX.DE) stock?

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


What are the PE and PB ratios of PAYCHEX INC (PCX.DE) stock?

The Price/Earnings (PE) ratio for PAYCHEX INC (PCX.DE) is 17.08 and the Price/Book (PB) ratio is 8.2.


Can you provide the financial health for PCX stock?

The financial health rating of PAYCHEX INC (PCX.DE) is 6 / 10.