Market Cap
US$1.5b
Last Updated
2020/01/23 23:58 UTC
Data Sources
Company Financials +
Executive Summary
CBIZ, Inc. provides professional business services, products, and solutions that help its clients in managing finances and employees.
Rewards
Risk Analysis
No risks detected for CBZ from our risk checks.
Snowflake Analysis
Flawless balance sheet and fair value.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.2%
CBZ
0.5%
US Professional Services
-0.09%
US Market
1 Year Return
37.3%
CBZ
34.4%
US Professional Services
23.9%
US Market
Return vs Industry: CBZ exceeded the US Professional Services industry which returned 36.2% over the past year.
Return vs Market: CBZ exceeded the US Market which returned 24.7% over the past year.
Shareholder returns
| CBZ | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 0.5% | -0.09% |
| 30 Day | -0.04% | 6.5% | 3.1% |
| 90 Day | 9.0% | 11.1% | 10.4% |
| 1 Year | 37.3%37.3% | 35.6%34.4% | 26.6%23.9% |
| 3 Year | 108.5%108.5% | 65.9%60.6% | 50.9%41.2% |
| 5 Year | 226.8%226.8% | 92.5%82.1% | 78.1%58.5% |
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
1 week ago | Simply Wall St
Is There An Opportunity With CBIZ, Inc.'s (NYSE:CBZ) 40% Undervaluation?2 weeks ago | Simply Wall St
What Does CBIZ, Inc.'s (NYSE:CBZ) P/E Ratio Tell You?1 month ago | Simply Wall St
I Built A List Of Growing Companies And CBIZ (NYSE:CBZ) Made The CutValuation
Is CBIZ undervalued compared to its fair value and its price relative to the market?
40.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CBZ ($27.18) is trading below our estimate of fair value ($46.03)
Significantly Below Fair Value: CBZ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CBZ is poor value based on its PE Ratio (20.7x) compared to the Professional Services industry average (20.5x).
PE vs Market: CBZ is poor value based on its PE Ratio (20.7x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: CBZ is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: CBZ is good value based on its PB Ratio (2.3x) compared to the US Professional Services industry average (2.9x).
Next Steps
Future Growth
How is CBIZ forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBZ's forecast earnings growth (10.4% per year) is above the savings rate (1.7%).
Earnings vs Market: CBZ's earnings (10.4% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: CBZ's earnings are forecast to grow, but not significantly.
Revenue vs Market: CBZ's revenue (4.6% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: CBZ's revenue (4.6% 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 (12.8%).
Next Steps
Past Performance
How has CBIZ performed over the past 5 years?
18.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBZ has high quality earnings.
Growing Profit Margin: CBZ's current net profit margins (7.5%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: CBZ's earnings have grown by 18.7% per year over the past 5 years.
Accelerating Growth: CBZ's earnings growth over the past year (5.9%) is below its 5-year average (18.7% per year).
Earnings vs Industry: CBZ earnings growth over the past year (5.9%) underperformed the Professional Services industry 23.5%.
Return on Equity
High ROE: CBZ's Return on Equity (10.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is CBIZ's financial position?
Financial Position Analysis
Short Term Liabilities: CBZ's short term assets ($447.9M) exceed its short term liabilities ($310.1M).
Long Term Liabilities: CBZ's short term assets ($447.9M) exceed its long term liabilities ($430.7M).
Debt to Equity History and Analysis
Debt Level: CBZ's debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: CBZ's debt to equity ratio has reduced from 50.6% to 24.3% over the past 5 years.
Debt Coverage: CBZ's debt is well covered by operating cash flow (57.3%).
Interest Coverage: CBZ's interest payments on its debt are well covered by EBIT (16.3x coverage).
Balance Sheet
Inventory Level: CBZ has a low level of unsold assets or inventory.
Debt Coverage by Assets: CBZ's debt is covered by short term assets (assets are 2.8x debt).
Next Steps
Dividend
What is CBIZ's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CBZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CBZ'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 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
What is the CEO of CBIZ's salary, the management and board of directors tenure and is there insider trading?
6.0yrs
Average management tenure
CEO
Jerome Grisko (57yo)
3.8yrs
Tenure
US$4,094,381
Compensation
Mr. Jerome P. Grisko, Jr., also known as Jerry, has been the President and Chief Executive Officer of CBIZ, Inc. (formerly, Century Business Services Inc.) at CBIZ HealthCare Solutions Group, Inc. since Fe ...
CEO Compensation Analysis
Compensation vs Market: Jerome's total compensation ($USD4.09M) is about average for companies of similar size in the US market ($USD3.86M).
Compensation vs Earnings: Jerome's compensation has increased by more than 20% in the past year.
Management Age and Tenure
6.0yrs
Average Tenure
60yo
Average Age
Experienced Management: CBZ's management team is seasoned and experienced (6 years average tenure).
Board Age and Tenure
14.8yrs
Average Tenure
69.5yo
Average Age
Experienced Board: CBZ's board of directors are seasoned and experienced ( 14.8 years average tenure).
Insider Trading
Insider Buying: CBZ 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 | 32,280 |
| Max Price | US$27.06 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 64,000 |
| Max Price | US$27.10 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,600 |
| Max Price | US$27.45 |
| Entity | Company |
| Shares | 325,945 |
| Max Price | US$24.51 |
| Entity | Company |
| Shares | 33,980 |
| Max Price | US$23.37 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 70,000 |
| Max Price | US$23.10 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$20.41 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 15,684 |
| Max Price | US$20.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,500 |
| Max Price | US$20.27 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,500 |
| Max Price | US$20.14 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,488 |
| Max Price | US$20.63 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Michael DeGroote (85yo)
Jerome Grisko (57yo)
President
- Tenure: 3.8yrs
- Compensation: US$4.09m
Chris Spurio (53yo)
President of Financial Services
- Tenure: 6yrs
- Compensation: US$1.95m
Ware Grove (68yo)
Senior VP & CFO
- Tenure: 19.1yrs
- Compensation: US$1.93m
Michael Gleespen (60yo)
Corporate Secretary & General Counsel
- Tenure: 18.6yrs
Mark Waxman (62yo)
Senior VP & Chief Marketing Officer
- Tenure: 19yrs
Michael Kouzelos (50yo)
President of Benefits & Insurance Services
- Tenure: 3.5yrs
- Compensation: US$1.74m
Daniel Clark (64yo)
Investor Relations Officer
John Fleischer (57yo)
Senior VP & Chief Information Officer
- Tenure: 5.4yrs
Fred Winkler
Chief Operating Officer
- Compensation: US$1.04m
Board Members
Sherrill Hudson (76yo)
Independent Director
- Tenure: 4.9yrs
- Compensation: US$192.83k
Rick Burdick (67yo)
Lead Director & Vice Chairman
- Tenure: 17.3yrs
- Compensation: US$190.33k
Joseph DiMartino (76yo)
Independent Director
- Tenure: 22.2yrs
- Compensation: US$200.33k
Jerome Grisko (57yo)
President
- Tenure: 3.8yrs
- Compensation: US$4.09m
Steven Gerard (73yo)
Non-Executive Chairman
- Tenure: 17.3yrs
- Compensation: US$276.07k
Bennie Wiley (72yo)
Independent Director
- Tenure: 11.7yrs
- Compensation: US$179.33k
Gina France (60yo)
Independent Director
- Tenure: 4.9yrs
- Compensation: US$173.33k
Todd Slotkin (66yo)
Independent Director
- Tenure: 16.3yrs
- Compensation: US$191.33k
Donald Weir (77yo)
Independent Director
- Tenure: 16.3yrs
- Compensation: US$200.33k
Mike DeGroote (58yo)
Independent Director
- Tenure: 13.2yrs
- Compensation: US$173.33k
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$1.495b
- Shares outstanding: 54.33m
- Website: https://www.cbiz.com
Number of Employees
Location
- CBIZ, Inc.
- 6050 Oak Tree Boulevard South
- Suite 500
- Cleveland
- Ohio
- 44131
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CBZ | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Apr 1995 |
| XC4 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1995 |
| 0HQI | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Apr 1995 |
Biography
CBIZ, Inc. provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services. The Benefits and Insurance Services group offers group health benefits consulting, payroll, property and casualty, and retirement plan services. The National Practices group provides managed networking and hardware, and health care consulting services. The company primarily serves small and midsized businesses, as well as individuals, governmental entities, and not-for-profit enterprises in the United States and parts of Canada. CBIZ, Inc. was founded in 1987 and is headquartered in Cleveland, Ohio.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 23:58 |
| End of Day Share Price | 2020/01/23 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.