NYSE:CBZ

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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.


Market Performance


7 Day Return

-3.5%

CBZ

-0.6%

US Professional Services

0.7%

US Market


1 Year Return

-10.2%

CBZ

24.1%

US Professional Services

22.2%

US Market

Return vs Industry: CBZ underperformed the US Professional Services industry which returned 26% over the past year.

Return vs Market: CBZ underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

CBZIndustryMarket
7 Day-3.5%-0.6%0.7%
30 Day4.1%10.0%11.8%
90 Day-1.2%8.1%8.6%
1 Year-10.2%-10.2%25.1%24.1%25.0%22.2%
3 Year61.3%61.3%60.2%55.5%49.4%39.5%
5 Year127.5%127.5%110.6%99.7%100.2%78.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CBZ ($24.12) is trading below our estimate of fair value ($30.47)

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


Price To Earnings Ratio

PE vs Industry: CBZ is good value based on its PE Ratio (17x) compared to the US Professional Services industry average (22.6x).

PE vs Market: CBZ is good value based on its PE Ratio (17x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: CBZ is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: CBZ is good value based on its PB Ratio (1.8x) compared to the US Professional Services industry average (3x).


Next Steps

Future Growth

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

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CBZ's forecast earnings growth (6.6% per year) is above the savings rate (2.2%).

Earnings vs Market: CBZ's earnings (6.6% per year) are forecast to grow slower than the US market (21.8% per year).

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

Revenue vs Market: CBZ's revenue (3.7% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: CBZ's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CBZ's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has CBIZ performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CBZ has high quality earnings.

Growing Profit Margin: CBZ's current net profit margins (8.1%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: CBZ's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: CBZ's earnings growth over the past year (8.5%) is below its 5-year average (16.6% per year).

Earnings vs Industry: CBZ earnings growth over the past year (8.5%) exceeded the Professional Services industry -0.06%.


Return on Equity

High ROE: CBZ's Return on Equity (10.8%) is considered low.


Next Steps

Financial Health

How is CBIZ's financial position?


Financial Position Analysis

Short Term Liabilities: CBZ's short term assets ($425.9M) exceed its short term liabilities ($298.1M).

Long Term Liabilities: CBZ's short term assets ($425.9M) exceed its long term liabilities ($409.1M).


Debt to Equity History and Analysis

Debt Level: CBZ's debt to equity ratio (15.6%) is considered satisfactory.

Reducing Debt: CBZ's debt to equity ratio has reduced from 45% to 15.6% over the past 5 years.

Debt Coverage: CBZ's debt is well covered by operating cash flow (116.6%).

Interest Coverage: CBZ's interest payments on its debt are well covered by EBIT (18.1x coverage).


Balance Sheet


Next Steps

Dividend

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


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.


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 CBZ's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

6.9yrs

Average management tenure


CEO

Jerome Grisko (58 yo)

4.75yrs

Tenure

US$3,847,501

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: Jerome's total compensation ($USD3.85M) is about average for companies of similar size in the US market ($USD4.18M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jerome Grisko
President4.75yrsUS$3.85m1.31%
$ 17.4m
Ware Grove
Senior VP & CFO20yrsUS$1.67m0.42%
$ 5.6m
Chris Spurio
President of Financial Services6.92yrsUS$1.69m0.33%
$ 4.4m
Michael Kouzelos
President of Benefits & Insurance Services4.42yrsUS$1.52m0.53%
$ 7.0m
Michael DeGroote
no datano datano data
Fred Winkler
Chief Operating Officerno dataUS$248.50kno data
John Fleischer
Senior VP & Chief Information Officer6.33yrsno datano data
Daniel Clark
Investor Relations Officerno datano datano data
Michael Gleespen
Corporate Secretary & General Counsel19.5yrsno datano data
Mark Waxman
Senior VP & Chief Marketing Officer19.92yrsno datano data
Brian Carey
Vice President of Corporate Development13.58yrsno datano data
Teresa Bur
Senior VP & Chief Human Resources Officer6.92yrsno datano data

6.9yrs

Average Tenure

59.5yo

Average Age

Experienced Management: CBZ's management team is seasoned and experienced (6.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jerome Grisko
President4.75yrsUS$3.85m1.31%
$ 17.4m
Sherrill Hudson
Independent Director5.83yrsUS$212.86k0.14%
$ 1.9m
Rick Burdick
Independent Lead Director & Vice Chairman18.17yrsUS$210.11k0.31%
$ 4.2m
Joseph DiMartino
Independent Director23.08yrsUS$216.61k0.083%
$ 1.1m
Steven Gerard
Independent Non-Executive Chairman18.17yrsUS$280.69k0.60%
$ 8.0m
Benaree Wiley
Independent Director12.58yrsUS$198.11k0.12%
$ 1.5m
Gina France
Independent Director5.83yrsUS$192.11k0.10%
$ 1.4m
Todd Slotkin
Independent Director17.25yrsUS$210.11k0.081%
$ 1.1m
Arthur Sherman
Independent Director0.33yrno datano data
Michael DeGroote
Independent Director14.08yrsUS$192.11k0.43%
$ 5.7m

13.3yrs

Average Tenure

67.5yo

Average Age

Experienced Board: CBZ's board of directors are seasoned and experienced ( 13.3 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

CBIZ, Inc.'s company bio, 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
  • Market Cap: US$1.323b
  • Shares outstanding: 54.06m
  • Website: https://www.cbiz.com

Number of Employees


Location

  • CBIZ, Inc.
  • 6050 Oak Tree Boulevard South
  • Suite 500
  • Cleveland
  • Ohio
  • 44131
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBZNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 1995
XC4DB (Deutsche Boerse AG)YesCommon StockDEEURApr 1995
0HQILSE (London Stock Exchange)YesCommon StockGBUSDApr 1995

Biography

CBIZ, Inc. provides financial, insurance, and advisory services in the United States and Canada. The company’s financial services include accounting and tax, government healthcare consulting, financial adv...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 23:08
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.