DB:TB5

Stock Analysis Report

Executive Summary

Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide.


Snowflake Analysis

Solid track record with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TB5 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.5%

TB5

-0.7%

DE Electronic

0.3%

DE Market


1 Year Return

25.3%

TB5

5.4%

DE Electronic

13.8%

DE Market

Return vs Industry: TB5 exceeded the German Electronic industry which returned 9.5% over the past year.

Return vs Market: TB5 exceeded the German Market which returned 17.1% over the past year.


Shareholder returns

TB5IndustryMarket
7 Day1.5%-0.7%0.3%
30 Day6.9%2.8%1.3%
90 Day13.6%2.8%5.2%
1 Year25.3%25.3%7.9%5.4%17.4%13.8%
3 Year47.0%47.0%51.1%46.2%15.9%5.7%
5 Year89.0%89.0%116.5%100.4%27.9%10.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

34.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TB5 (€38.2) is trading above our estimate of fair value (€33.78)

Significantly Below Fair Value: TB5 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TB5 is poor value based on its PE Ratio (33.4x) compared to the Electronic industry average (27.1x).

PE vs Market: TB5 is poor value based on its PE Ratio (33.4x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: TB5 is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: TB5 is overvalued based on its PB Ratio (3.8x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Trimble forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TB5's forecast earnings growth (10.3% per year) is above the savings rate (-0.4%).

Earnings vs Market: TB5's earnings (10.3% per year) are forecast to grow slower than the German market (13.2% per year).

High Growth Earnings: TB5's earnings are forecast to grow, but not significantly.

Revenue vs Market: TB5's revenue (5.1% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: TB5's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TB5's Return on Equity is forecast to be low in 3 years time (17.7%).


Next Steps

Past Performance

How has Trimble performed over the past 5 years?

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TB5 has high quality earnings.

Growing Profit Margin: TB5's current net profit margins (10%) are higher than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: TB5's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: TB5's earnings growth over the past year (100.7%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: TB5 earnings growth over the past year (100.7%) exceeded the Electronic industry 3.1%.


Return on Equity

High ROE: TB5's Return on Equity (11.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Trimble's financial position?


Financial Position Analysis

Short Term Liabilities: TB5's short term assets ($1.1B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: TB5's short term assets ($1.1B) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: TB5's debt to equity ratio (62.8%) is considered high.

Reducing Debt: TB5's debt to equity ratio has increased from 27.3% to 62.8% over the past 5 years.

Debt Coverage: TB5's debt is well covered by operating cash flow (32.3%).

Interest Coverage: TB5's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet

Inventory Level: TB5 has a low level of unsold assets or inventory.

Debt Coverage by Assets: TB5's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is Trimble's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.4%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TB5's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TB5's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TB5's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TB5'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 TB5's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Trimble's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Rob Painter (47yo)

0yrs

Tenure

US$2,934,996

Compensation

Mr. Robert G. Painter, also known as Rob, is the Chief Executive Officer, President and Director of Trimble Inc. since January 4, 2020. He served as the Chief Financial Officer at Trimble Inc. (also know a ...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD2.93M) is below average for companies of similar size in the German market ($USD4.52M).

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


Management Age and Tenure

3.6yrs

Average Tenure

57.5yo

Average Age

Experienced Management: TB5's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

5.0yrs

Average Tenure

58yo

Average Age

Experienced Board: TB5's board of directors are considered experienced (5 years average tenure).


Insider Trading

Insider Buying: TB5 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell€272,42710 Dec 19
Sachin Sankpal
EntityIndividual
Shares7,457
Max Price€36.53
Sell€194,89527 Nov 19
Darryl Matthews
EntityIndividual
Role
Senior Key Executive
Senior Vice President
Shares5,362
Max Price€36.35
Sell€206,39621 Nov 19
Michael Bank
EntityIndividual
Shares5,801
Max Price€35.58
Sell€316,88007 Nov 19
James Kirkland
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares8,500
Max Price€37.28
Sell€92,86810 Sep 19
James Kirkland
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares2,700
Max Price€34.41
Sell€34,04810 Sep 19
Ronald Bisio
EntityIndividual
Shares985
Max Price€34.57
Sell€224,45411 Jun 19
Ronald Bisio
EntityIndividual
Shares6,000
Max Price€37.41
Sell€331,07607 Jun 19
Thomas Fansler
EntityIndividual
Role
Chief Technology Officer
Senior VP & Chief Technology Officer
Shares9,000
Max Price€36.79
Sell€288,89606 Jun 19
Merit Janow
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares8,000
Max Price€36.11
Sell€128,49620 May 19
Kaigham Gabriel
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,500
Max Price€36.71
Sell€183,85920 May 19
James Kirkland
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares5,000
Max Price€36.77
Sell€3,761,58210 May 19
Steven Berglund
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares100,000
Max Price€37.62
Sell€357,73705 Mar 19
Rosalind Buick
EntityIndividual
Shares10,000
Max Price€35.77
Sell€339,36704 Mar 19
Ronald Bisio
EntityIndividual
Shares9,534
Max Price€35.60
Sell€335,18001 Mar 19
Sachin Sankpal
EntityIndividual
Shares9,500
Max Price€35.28
Sell€248,60801 Mar 19
Jürgen Kliem
EntityIndividual
Shares7,078
Max Price€35.12
Sell€85,58927 Feb 19
Darryl Matthews
EntityIndividual
Role
Senior Key Executive
Senior Vice President
Shares2,400
Max Price€35.66
Sell€498,31825 Feb 19
Michael Bank
EntityIndividual
Shares14,000
Max Price€35.59
Sell€138,65625 Feb 19
Rosalind Buick
EntityIndividual
Shares3,977
Max Price€34.86
Sell€311,77023 Feb 19
Jürgen Kliem
EntityIndividual
Shares8,805
Max Price€35.41
Sell€232,71023 Feb 19
James Kirkland
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares6,620
Max Price€35.15
Sell€126,64414 Feb 19
Robert Painter
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares3,693
Max Price€34.29

Ownership Breakdown

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


Management Team

  • Michael Lesyna (58yo)

    Senior Vice President of Strategy & Corporate Development

    • Tenure: 2.8yrs
    • Compensation: US$242.74k
  • David Barnes (57yo)

    Chief Financial Officer

    • Bryn Fosburgh (56yo)

      Senior Vice President

      • Compensation: US$2.60m
    • Jim Kirkland (59yo)

      Senior VP

      • Tenure: 11.5yrs
      • Compensation: US$2.03m
    • Julie Shepard (61yo)

      VP of Finance & Chief Accounting Officer

      • Tenure: 12.7yrs
      • Compensation: US$968.58k
    • Tom Fansler (62yo)

      Senior VP & Chief Technology Officer

      • Tenure: 0.3yrs
    • Darryl Matthews (51yo)

      Senior Vice President

      • Tenure: 4.3yrs
      • Compensation: US$2.12m
    • Leah Lambertson

      Senior VP of Operations & Chief Information Officer

      • Tenure: 2.8yrs
    • Rob Painter (47yo)

      CEO, President & Director

      • Compensation: US$2.93m
    • Michael Leyba

      Director of Investor Relations


      Board Members

      • E. Ekholm (56yo)

        Independent Director

        • Compensation: US$30.00k
      • Steve Berglund (67yo)

        Executive Chairman

        • Compensation: US$11.18m
      • Ron Nersesian (60yo)

        Independent Director

        • Tenure: 8.2yrs
        • Compensation: US$337.01k
      • Mark Peek (61yo)

        Independent Director

        • Tenure: 9.8yrs
        • Compensation: US$337.01k
      • Ken Gabriel (63yo)

        Independent Director

        • Tenure: 5yrs
        • Compensation: US$337.01k
      • Merit Janow (60yo)

        Independent Director

        • Tenure: 11.8yrs
        • Compensation: US$337.01k
      • Johan Wibergh (56yo)

        Independent Director

        • Tenure: 1.9yrs
        • Compensation: US$337.01k
      • Meaghan Lloyd (44yo)

        Independent Director

        • Tenure: 4yrs
        • Compensation: US$337.01k
      • Sandra Macquillan (52yo)

        Independent Director

        • Tenure: 1.3yrs
        • Compensation: US$176.58k
      • Rob Painter (47yo)

        CEO, President & Director

        • Compensation: US$2.93m

      Company Information

      Trimble Inc.'s company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Trimble Inc.
      • Ticker: TB5
      • Exchange: DB
      • Founded: 1978
      • Industry: Electronic Equipment and Instruments
      • Sector: Tech
      • Market Cap: US$10.982b
      • Listing Market Cap: US$9.959b
      • Shares outstanding: 249.13m
      • Website: https://www.trimble.com

      Number of Employees


      Location

      • Trimble Inc.
      • 935 Stewart Drive
      • Sunnyvale
      • California
      • 94085
      • United States

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      TRMBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 1990
      TB5DB (Deutsche Boerse AG)YesCommon StockDEEURJul 1990
      TRMB *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJul 1990

      Biography

      Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; and integrated workplace management services software. This segment serves architects, engineers, contractors, owners, and operators. The Geospatial segment provides surveying and geospatial products and services to the construction, engineering, mining, oil and gas, energy and utilities, government, and land management sectors; and geographic information systems. The Resources and Utilities segment offers precision agriculture products and services that consist of guidance and positioning systems, automated and variable-rate application and technology systems, and information management solutions primarily to customers working in agriculture, forestry, and utilities. The Transportation segment offers a suite of solutions under the Trimble, PeopleNet, GEOTrac, TMW, ISE, Punch, Veltec, and Trimble MAPS brands to customers working in long haul trucking, field service management, rail, and military aviation. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Sunnyvale, California. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/26 20:39
      End of Day Share Price2020/01/24 00:00
      Earnings2019/09/27
      Annual Earnings2018/12/28


      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.