Barrett Business Services
Market Cap
US$684.6m
Last Updated
2019/12/13 23:34 UTC
Data Sources
Company Financials +
Executive Summary
Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United States.
Rewards
Risk Analysis
No risks detected for BBSI from our risk checks.
Snowflake Analysis
Outstanding track record with flawless balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Barrett Business Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BBSI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
8.2%
BBSI
0.8%
US Professional Services
0.6%
US Market
1 Year Return
57.1%
BBSI
30.9%
US Professional Services
20.8%
US Market
Return vs Industry: BBSI exceeded the US Professional Services industry which returned 30.9% over the past year.
Return vs Market: BBSI exceeded the US Market which returned 20.8% over the past year.
Shareholder returns
| BBSI | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.2% | 0.8% | 0.6% |
| 30 Day | 2.2% | 3.9% | 2.5% |
| 90 Day | 5.4% | 1.9% | 4.9% |
| 1 Year | 59.2%57.1% | 32.1%30.9% | 23.5%20.8% |
| 3 Year | 52.9%46.5% | 57.5%52.4% | 46.5%37.0% |
| 5 Year | 253.1%223.0% | 80.2%70.3% | 64.6%46.5% |
Price Volatility Vs. Market
How volatile is Barrett Business Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Barrett Business Services, Inc. (NASDAQ:BBSI) Delivered A Better ROE Than Its Industry2 weeks ago | Simply Wall St
Is Barrett Business Services, Inc.'s (NASDAQ:BBSI) CEO Paid At A Competitive Rate?3 weeks ago | Simply Wall St
Why You Might Be Interested In Barrett Business Services, Inc. (NASDAQ:BBSI) For Its Upcoming DividendValuation
Is Barrett Business Services undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BBSI ($92.87) is trading below our estimate of fair value ($257.77)
Significantly Below Fair Value: BBSI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BBSI is good value based on its PE Ratio (12.9x) compared to the Professional Services industry average (20.3x).
PE vs Market: BBSI is good value based on its PE Ratio (12.9x) compared to the US market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: BBSI is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: BBSI is overvalued based on its PB Ratio (4.3x) compared to the US Professional Services industry average (2.8x).
Next Steps
Future Growth
How is Barrett Business Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
6.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BBSI's forecast earnings growth (6% per year) is above the savings rate (1.7%).
Earnings vs Market: BBSI's earnings (6% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: BBSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: BBSI's revenue (7.2% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: BBSI's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BBSI's Return on Equity is forecast to be high in 3 years time (24.1%)
Next Steps
Past Performance
How has Barrett Business Services performed over the past 5 years?
47.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BBSI has high quality earnings.
Growing Profit Margin: BBSI's current net profit margins (5.7%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: BBSI has become profitable over the past 5 years, growing earnings by 47.6% per year.
Accelerating Growth: BBSI's earnings growth over the past year (68.6%) exceeds its 5-year average (47.6% per year).
Earnings vs Industry: BBSI earnings growth over the past year (68.6%) exceeded the Professional Services industry 23.5%.
Return on Equity
High ROE: BBSI's Return on Equity (33.4%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Barrett Business Services's financial position?
Financial Position Analysis
Short Term Liabilities: BBSI's short term assets ($448.3M) exceed its short term liabilities ($367.8M).
Long Term Liabilities: BBSI's short term assets ($448.3M) exceed its long term liabilities ($342.2M).
Debt to Equity History and Analysis
Debt Level: BBSI's debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: BBSI's debt to equity ratio has reduced from 16.1% to 2.5% over the past 5 years.
Debt Coverage: BBSI's debt is well covered by operating cash flow (2007.2%).
Interest Coverage: BBSI earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: BBSI has a low level of unsold assets or inventory.
Debt Coverage by Assets: BBSI's debt is covered by short term assets (assets are 111.9x debt).
Next Steps
Dividend
What is Barrett Business Services's current dividend yield, its reliability and sustainability?
1.29%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BBSI's dividend (1.29%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: BBSI's dividend (1.29%) is low compared to the top 25% of dividend payers in the US market (3.71%).
Stability and Growth of Payments
Stable Dividend: BBSI's dividends per share have been stable in the past 10 years.
Growing Dividend: BBSI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.6%), BBSI's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BBSI's dividends in 3 years are forecast to be well covered by earnings (18.5% payout ratio).
Next Steps
Management
What is the CEO of Barrett Business Services's salary, the management and board of directors tenure and is there insider trading?
4.5yrs
Average management tenure
CEO
Mike Elich (54yo)
8.9yrs
Tenure
US$2,622,434
Compensation
Mr. Michael L. Elich, also known as Mike, has been the Chief Executive Officer and President of Barrett Business Services, Inc. since February 17, 2011. Mr. Elich served as an Interim Chief Executive Offic ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD2.62M) is about average for companies of similar size in the US market ($USD2.62M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.5yrs
Average Tenure
47yo
Average Age
Experienced Management: BBSI's management team is considered experienced (4.5 years average tenure).
Board Age and Tenure
8.9yrs
Average Tenure
57.5yo
Average Age
Experienced Board: BBSI's board of directors are considered experienced (8.9 years average tenure).
Insider Trading
Insider Buying: BBSI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$88.31 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$88.50 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 200 |
| Max Price | US$85.86 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$88.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 176 |
| Max Price | US$85.20 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 2,332 |
| Max Price | US$77.04 |
| Entity | Individual |
| Shares | 16,115 |
| Max Price | US$80.98 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,561 |
| Max Price | US$81.68 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$58.18 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,235 |
| Max Price | US$57.16 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Mike Elich (54yo)
CEO, President & Director
- Tenure: 8.9yrs
- Compensation: US$2.62m
Heather Gould (45yo)
Chief Strategy Officer & VP
- Tenure: 2.9yrs
- Compensation: US$2.87m
Gary Kramer (39yo)
VP of Finance
- Tenure: 3.3yrs
- Compensation: US$2.85m
Gerald Blotz (49yo)
COO of Field Operations & VP
- Tenure: 5.6yrs
- Compensation: US$2.86m
Board Members
Tony Meeker (80yo)
Chairman
- Tenure: 8.9yrs
- Compensation: US$174.98k
Jim Hicks (72yo)
Independent Director
- Tenure: 18.9yrs
- Compensation: US$139.98k
Thomas Carley (60yo)
Independent Director
- Tenure: 19.9yrs
- Compensation: US$136.23k
Diane Dewbrey (54yo)
Director
- Tenure: 0.2yrs
Jon Justesen (67yo)
Independent Director
- Tenure: 15yrs
- Compensation: US$134.98k
Mike Elich (54yo)
CEO, President & Director
- Tenure: 8.9yrs
- Compensation: US$2.62m
Tom Cusick (51yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$142.48k
Vince Price (55yo)
Independent Director
- Tenure: 2.9yrs
- Compensation: US$133.73k
Company Information
Barrett Business Services, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Barrett Business Services, Inc.
- Ticker: BBSI
- Exchange: NasdaqGS
- Founded: 1965
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: US$684.603m
- Shares outstanding: 7.49m
- Website: https://www.barrettbusiness.com
Number of Employees
Location
- Barrett Business Services, Inc.
- 8100 NE Parkway Drive
- Suite 200
- Vancouver
- Washington
- 98662
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BBSI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1993 |
| BB1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1993 |
Biography
Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach f ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 23:34 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.