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CBZ

CBIZ NYSE:CBZ Stock Report

Last Price

US$39.03

Market Cap

US$2.0b

7D

2.7%

1Y

19.1%

Updated

29 Jun, 2022

Data

Company Financials +
CBZ fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance1/6
Financial Health5/6
Dividends0/6

CBZ Stock Overview

CBIZ, Inc. provides financial, insurance, and advisory services in the United States and Canada.

CBIZ Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CBIZ
Historical stock prices
Current Share PriceUS$39.03
52 Week HighUS$44.17
52 Week LowUS$30.68
Beta0.70
1 Month Change-5.38%
3 Month Change-7.01%
1 Year Change19.10%
3 Year Change96.13%
5 Year Change158.48%
Change since IPO2,502.00%

Recent News & Updates

May 07
Are Investors Undervaluing CBIZ, Inc. (NYSE:CBZ) By 48%?

Are Investors Undervaluing CBIZ, Inc. (NYSE:CBZ) By 48%?

How far off is CBIZ, Inc. ( NYSE:CBZ ) from its intrinsic value? Using the most recent financial data, we'll take a...

Shareholder Returns

CBZUS Professional ServicesUS Market
7D2.7%2.1%1.6%
1Y19.1%-18.9%-20.8%

Return vs Industry: CBZ exceeded the US Professional Services industry which returned -17.8% over the past year.

Return vs Market: CBZ exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is CBZ's price volatile compared to industry and market?
CBZ volatility
CBZ Average Weekly Movement4.3%
Professional Services Industry Average Movement6.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: CBZ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CBZ's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19876,000Jerry Griskohttps://www.cbiz.com

CBIZ, Inc. provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

CBIZ Fundamentals Summary

How do CBIZ's earnings and revenue compare to its market cap?
CBZ fundamental statistics
Market CapUS$2.02b
Earnings (TTM)US$78.83m
Revenue (TTM)US$1.20b

25.6x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CBZ income statement (TTM)
RevenueUS$1.20b
Cost of RevenueUS$1.01b
Gross ProfitUS$183.95m
Other ExpensesUS$105.13m
EarningsUS$78.83m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.52
Gross Margin15.38%
Net Profit Margin6.59%
Debt/Equity Ratio39.3%

How did CBZ perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CBZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CBZ?

Other financial metrics that can be useful for relative valuation.

CBZ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.1x
Enterprise Value/EBITDA15.8x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does CBZ's PE Ratio compare to its peers?

CBZ PE Ratio vs Peers
The above table shows the PE ratio for CBZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.9x
ICFI ICF International
25.1x13.3%US$1.8b
HURN Huron Consulting Group
14.5x-6.1%US$1.2b
MANT ManTech International
28.7x9.0%US$3.9b
FORR Forrester Research
35.3x18.4%US$883.6m
CBZ CBIZ
25.6x22.3%US$2.0b

Price-To-Earnings vs Peers: CBZ is good value based on its Price-To-Earnings Ratio (25.6x) compared to the peer average (25.9x).


Price to Earnings Ratio vs Industry

How does CBZ's PE Ratio compare vs other companies in the US Professional Services Industry?

Price-To-Earnings vs Industry: CBZ is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the US Professional Services industry average (15.6x)


Price to Earnings Ratio vs Fair Ratio

What is CBZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CBZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.6x
Fair PE Ratio27.1x

Price-To-Earnings vs Fair Ratio: CBZ is good value based on its Price-To-Earnings Ratio (25.6x) compared to the estimated Fair Price-To-Earnings Ratio (27.1x).


Share Price vs Fair Value

What is the Fair Price of CBZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CBZ ($39.03) is trading below our estimate of fair value ($79.86)

Significantly Below Fair Value: CBZ is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: CBZ is poor value based on its PEG Ratio (1.2x)


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBZ's forecast earnings growth (22.3% per year) is above the savings rate (1.9%).

Earnings vs Market: CBZ's earnings (22.3% per year) are forecast to grow faster than the US market (13.7% per year).

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

Revenue vs Market: CBZ's revenue (7.3% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: CBZ's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CBZ's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has CBIZ performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CBZ has a large one-off loss of $32.8M impacting its March 31 2022 financial results.

Growing Profit Margin: CBZ's current net profit margins (6.6%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: CBZ's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: CBZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CBZ had negative earnings growth (-14%) over the past year, making it difficult to compare to the Professional Services industry average (33.1%).


Return on Equity

High ROE: CBZ's Return on Equity (10.4%) is considered low.


Discover strong past performing companies

Financial Health

How is CBIZ's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CBZ's short term assets ($611.6M) exceed its short term liabilities ($458.4M).

Long Term Liabilities: CBZ's short term assets ($611.6M) do not cover its long term liabilities ($724.2M).


Debt to Equity History and Analysis

Debt Level: CBZ's net debt to equity ratio (39.2%) is considered satisfactory.

Reducing Debt: CBZ's debt to equity ratio has reduced from 42.2% to 39.3% over the past 5 years.

Debt Coverage: CBZ's debt is well covered by operating cash flow (31.8%).

Interest Coverage: CBZ's interest payments on its debt are well covered by EBIT (31.1x coverage).


Balance Sheet


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Dividend

What is CBIZ current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate CBZ'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 CBZ's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CBZ has not reported any payouts.


Discover strong dividend paying companies

Management

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

8.4yrs

Average management tenure


CEO

Jerry Grisko (59 yo)

22.33yrs

Tenure

US$5,052,401

Compensation

Mr. Jerome P. Grisko, Jr., also known as Jerry, has been the President and Chief Executive Officer of CBIZ, Inc. (formerly, Century Business Services Inc.) at CBIZ HealthCare Solutions Group, Inc. since Fe...


CEO Compensation Analysis

Compensation vs Market: Jerry's total compensation ($USD5.05M) is about average for companies of similar size in the US market ($USD5.49M).

Compensation vs Earnings: Jerry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: CBZ's management team is seasoned and experienced (8.4 years average tenure).


Board Members

Experienced Board: CBZ's board of directors are seasoned and experienced ( 10.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CBZ insiders have only sold shares 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

CBIZ, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: CBIZ, Inc.
  • Ticker: CBZ
  • Exchange: NYSE
  • Founded: 1987
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: US$2.022b
  • Shares outstanding: 51.80m
  • Website: https://www.cbiz.com

Number of Employees


Location

  • CBIZ, Inc.
  • 6801 Brecksville Road
  • Door N. Independence
  • Cleveland
  • Ohio
  • 44131
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.