TRIMBLE INC (TRMB)
US8962391004 - Common Stock
TRMB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 127 industry peers in the Electronic Equipment, Instruments & Components industry. While TRMB has a great profitability rating, there are quite some concerns on its financial health. TRMB is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
TRMB had positive earnings in the past year.
In the past year TRMB had a positive cash flow from operations.
TRMB had positive earnings in each of the past 5 years.
Each year in the past 5 years TRMB had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.26%, TRMB is in line with its industry, outperforming 58.73% of the companies in the same industry.
The Return On Equity of TRMB (6.92%) is better than 61.11% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.33%, TRMB is in the better half of the industry, outperforming 61.90% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TRMB is below the industry average of 9.35%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 6.92% | ||
| ROIC | 5.33% |
ROA(3y)5.46%
ROA(5y)5.96%
ROE(3y)10.17%
ROE(5y)11.57%
ROIC(3y)7.04%
ROIC(5y)6.78%
1.3 Margins
The Profit Margin of TRMB (8.19%) is better than 77.78% of its industry peers.
TRMB's Profit Margin has declined in the last couple of years.
TRMB has a better Operating Margin (13.01%) than 85.71% of its industry peers.
TRMB's Operating Margin has improved in the last couple of years.
The Gross Margin of TRMB (61.41%) is better than 96.03% of its industry peers.
In the last couple of years the Gross Margin of TRMB has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.01% | ||
| PM (TTM) | 8.19% | ||
| GM | 61.41% |
OM growth 3Y-2.76%
OM growth 5Y4.23%
PM growth 3Y-12.86%
PM growth 5Y-2.07%
GM growth 3Y3.27%
GM growth 5Y2.58%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRMB is destroying value.
Compared to 1 year ago, TRMB has about the same amount of shares outstanding.
The number of shares outstanding for TRMB has been reduced compared to 5 years ago.
Compared to 1 year ago, TRMB has a worse debt to assets ratio.
2.2 Solvency
TRMB has an Altman-Z score of 2.55. This is not the best score and indicates that TRMB is in the grey zone with still only limited risk for bankruptcy at the moment.
TRMB's Altman-Z score of 2.55 is in line compared to the rest of the industry. TRMB outperforms 48.41% of its industry peers.
TRMB has a debt to FCF ratio of 5.52. This is a neutral value as TRMB would need 5.52 years to pay back of all of its debts.
TRMB has a Debt to FCF ratio (5.52) which is in line with its industry peers.
A Debt/Equity ratio of 0.56 indicates that TRMB is somewhat dependend on debt financing.
The Debt to Equity ratio of TRMB (0.56) is worse than 75.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.52 | ||
| Altman-Z | 2.55 |
ROIC/WACC0.59
WACC9.09%
2.3 Liquidity
TRMB has a Current Ratio of 1.00. This is a normal value and indicates that TRMB is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.00, TRMB is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
TRMB has a Quick Ratio of 1.00. This is a bad value and indicates that TRMB is not financially healthy enough and could expect problems in meeting its short term obligations.
TRMB's Quick ratio of 0.87 is on the low side compared to the rest of the industry. TRMB is outperformed by 84.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.52% over the past year.
TRMB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.93% yearly.
TRMB shows a small growth in Revenue. In the last year, the Revenue has grown by 3.33%.
TRMB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.09% yearly.
EPS 1Y (TTM)1.52%
EPS 3Y6.35%
EPS 5Y6.93%
EPS growth Q2Q5%
Revenue 1Y (TTM)3.33%
Revenue growth 3Y6.47%
Revenue growth 5Y4.09%
Revenue growth Q2Q8.86%
3.2 Future
The Earnings Per Share is expected to grow by 9.99% on average over the next years. This is quite good.
TRMB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.07% yearly.
EPS Next Y3.61%
EPS Next 2Y7.53%
EPS Next 3Y9.99%
EPS Next 5YN/A
Revenue Next Year-4.28%
Revenue Next 2Y-0.4%
Revenue Next 3Y4.07%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 20.95, which indicates a rather expensive current valuation of TRMB.
TRMB's Price/Earnings ratio is a bit cheaper when compared to the industry. TRMB is cheaper than 67.46% of the companies in the same industry.
TRMB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.73.
A Price/Forward Earnings ratio of 20.22 indicates a rather expensive valuation of TRMB.
Based on the Price/Forward Earnings ratio, TRMB is valued a bit cheaper than 62.70% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TRMB to the average of the S&P500 Index (20.41), we can say TRMB is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.95 | ||
| Fwd PE | 20.22 |
4.2 Price Multiples
TRMB's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, TRMB is valued a bit cheaper than 68.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.61 | ||
| EV/EBITDA | 22.14 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of TRMB may justify a higher PE ratio.
PEG (NY)5.81
PEG (5Y)3.02
EPS Next 2Y7.53%
EPS Next 3Y9.99%
5. Dividend
5.1 Amount
No dividends for TRMB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TRIMBLE INC
NASDAQ:TRMB (5/3/2024, 7:22:42 PM)
After market: 56.49 +0.56 (+1%)55.93
-4.16 (-6.92%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap13.66B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.95 | ||
| Fwd PE | 20.22 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)5.81
PEG (5Y)3.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 6.92% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 13.01% | ||
| PM (TTM) | 8.19% | ||
| GM | 61.41% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1 | ||
| Quick Ratio | 0.87 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)1.52%
EPS 3Y6.35%
EPS 5Y
EPS growth Q2Q
EPS Next Y3.61%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.33%
Revenue growth 3Y6.47%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y