DB:0P7

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Paylocity Holding

Executive Summary

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States.


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Paylocity Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0P7's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.7%

0P7

-1.2%

DE Software

-3.6%

DE Market


1 Year Return

41.5%

0P7

23.3%

DE Software

3.7%

DE Market

Return vs Industry: 0P7 exceeded the German Software industry which returned 23.3% over the past year.

Return vs Market: 0P7 exceeded the German Market which returned 3.7% over the past year.


Shareholder returns

0P7IndustryMarket
7 Day2.7%-1.2%-3.6%
30 Day-14.8%3.3%-2.0%
90 Day9.5%23.0%13.3%
1 Year41.5%41.5%25.0%23.3%6.0%3.7%
3 Year209.0%209.0%55.2%49.0%1.1%-6.9%
5 Year254.7%254.7%125.4%109.8%7.8%-6.8%

Price Volatility Vs. Market

How volatile is Paylocity Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Paylocity Holding undervalued compared to its fair value and its price relative to the market?

103.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 0P7 (€115) is trading above our estimate of fair value (€62.28)

Significantly Below Fair Value: 0P7 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0P7 is poor value based on its PE Ratio (103.1x) compared to the DE Software industry average (25.7x).

PE vs Market: 0P7 is poor value based on its PE Ratio (103.1x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: 0P7 is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: 0P7 is overvalued based on its PB Ratio (19.3x) compared to the DE Software industry average (3.3x).


Next Steps

Future Growth

How is Paylocity Holding forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

26.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0P7's forecast earnings growth (26.8% per year) is above the savings rate (0.2%).

Earnings vs Market: 0P7's earnings (26.8% per year) are forecast to grow faster than the German market (23.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0P7's revenue (17.5% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: 0P7's revenue (17.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0P7's Return on Equity is forecast to be high in 3 years time (23.2%)


Next Steps

Past Performance

How has Paylocity Holding performed over the past 5 years?

67.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0P7 has high quality earnings.

Growing Profit Margin: 0P7's current net profit margins (12.7%) are higher than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: 0P7 has become profitable over the past 5 years, growing earnings by 67.9% per year.

Accelerating Growth: 0P7's earnings growth over the past year (65.4%) is below its 5-year average (67.9% per year).

Earnings vs Industry: 0P7 earnings growth over the past year (65.4%) exceeded the Software industry 32.1%.


Return on Equity

High ROE: 0P7's Return on Equity (18.6%) is considered low.


Next Steps

Financial Health

How is Paylocity Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 0P7's short term assets ($2.0B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: 0P7's short term assets ($2.0B) exceed its long term liabilities ($85.7M).


Debt to Equity History and Analysis

Debt Level: 0P7 is debt free.

Reducing Debt: 0P7 had no debt 5 years ago.

Debt Coverage: 0P7 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 0P7 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Paylocity Holding current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 0P7's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 0P7's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 0P7's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0P7's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0P7's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Steve Beauchamp (48 yo)

13.58yrs

Tenure

US$7,185,881

Compensation

Mr. Steven R. Beauchamp, also known as Steve, serves as the Chief Executive Officer of Paylocity Holding Corporation. Mr. Beauchamp has been the President and Chief Operating Officer at Paylocity Corporati ...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD7.19M) is above average for companies of similar size in the German market ($USD3.85M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Beauchamp
CEO & Director13.58yrsUS$7.19m3.32%
$ 202.0m
Michael Haske
President & COO3yrsUS$3.85m1.43%
$ 87.0m
Toby Williams
Chief Financial Officer2.92yrsUS$3.48m0.21%
$ 13.0m
Edward Gaty
Senior Vice President of Product & Technologyno dataUS$2.25m0.20%
$ 12.1m
Mark Kinsey
Senior Vice President of Operations5.25yrsUS$2.11m0.12%
$ 7.4m
Andrew Cappotelli
Chief Accounting Officer2.17yrsno data0.023%
$ 1.4m
Ryan Glenn
Vice President of FP&A and Investor Relationsno datano datano data
Christina Moriarty
Vice President of Tax & Complianceno datano datano data
Susan Jacobson
VP & General Counsel2.58yrsno datano data
Holly Fulp
VP & Head of Corporate Development2.58yrsno datano data
Alison Challman
Chief Marketing Officer2.58yrsno datano data
Josh Scutt
Vice President of Sales1.58yrsno datano data

2.6yrs

Average Tenure

48yo

Average Age

Experienced Management: 0P7's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Beauchamp
CEO & Director13.58yrsUS$7.19m3.32%
$ 202.0m
Virginia Breen
Independent Director1.92yrsUS$207.78k0.0039%
$ 235.6k
Ellen Carnahan
Independent Director3.75yrsUS$230.69k0.020%
$ 1.2m
Ronald Waters
Lead Independent Director4.08yrsUS$250.94k0.038%
$ 2.3m
Robin Pederson
Director0.42yrno datano data
Jeffrey Diehl
Independent Director12.25yrsUS$221.94k0.040%
$ 2.4m
Steven Sarowitz
Founder & Chairman23.58yrsUS$201.94k25.27%
$ 1.5b
Andres Reiner
Independent Director5.92yrsUS$214.44k0.038%
$ 2.3m
Kenneth Robinson
Director0.42yrno datano data

4.1yrs

Average Tenure

55yo

Average Age

Experienced Board: 0P7's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Paylocity Holding Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Paylocity Holding Corporation
  • Ticker: 0P7
  • Exchange: DB
  • Founded: 1997
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$7.151b
  • Listing Market Cap: US$6.088b
  • Shares outstanding: 53.69m
  • Website: https://www.paylocity.com

Number of Employees


Location

  • Paylocity Holding Corporation
  • 1400 American Lane
  • Schaumburg
  • Illinois
  • 60173
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCTYNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 2014
0P7DB (Deutsche Boerse AG)YesCommon StockDEEURMar 2014

Biography

Paylocity Holding Corporation provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the United States. The company offers Payroll module that enable ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 23:04
End of Day Share Price2020/08/03 00:00
Earnings2020/03/31
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.