NYSE:CBZ

Stock Analysis Report

Executive Summary

CBIZ, Inc. provides professional business services, products, and solutions that help its clients in managing finances and employees.

Snowflake

Fundamentals

Flawless balance sheet with questionable track record.


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


Market Performance


7 Day Return

4.8%

CBZ

0.5%

US Professional Services

-0.6%

US Market


1 Year Return

2.6%

CBZ

10.5%

US Professional Services

0.7%

US Market

CBZ underperformed the Professional Services industry which returned 10.5% over the past year.

CBZ outperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

CBZIndustryMarket
7 Day4.8%0.5%-0.6%
30 Day7.3%1.7%2.9%
90 Day22.3%6.0%1.3%
1 Year2.6%2.6%11.6%10.5%2.9%0.7%
3 Year117.3%117.3%49.8%44.7%44.6%35.2%
5 Year207.6%207.6%84.1%74.1%61.9%44.2%

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 based on future cash flows and its price relative to the stock market?

14%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

CBIZ's share price is below the future cash flow value, but not at a moderate discount (< 20%).

CBIZ's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

CBIZ is overvalued based on earnings compared to the US Professional Services industry average.

CBIZ is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

CBIZ is poor value based on expected growth next year.


Price Based on Value of Assets

CBIZ is good value based on assets compared to the US Professional Services industry average.


Next Steps

Future Growth

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

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

CBIZ's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).

CBIZ's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).

CBIZ's revenue growth is positive but not above the United States of America market average.

CBIZ's earnings growth is positive but not above the United States of America market average.

CBIZ's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if CBIZ will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has CBIZ performed over the past 5 years?

18.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

CBIZ's year on year earnings growth rate has been positive over the past 5 years.

CBIZ's 1-year earnings growth is less than its 5-year average (5.2% vs 18.8%)

CBIZ's earnings growth has not exceeded the US Professional Services industry average in the past year (5.2% vs 37.9%).


Return on Equity

CBIZ has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

CBIZ used its assets less efficiently than the US Professional Services industry average last year based on Return on Assets.


Return on Capital Employed

CBIZ has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is CBIZ's financial position?


Financial Position Analysis

CBIZ is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

CBIZ's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

CBIZ's level of debt (24.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (52.2% vs 24.9% today).

Debt is well covered by operating cash flow (53.1%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 15.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.9x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate CBIZ's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate CBIZ's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as CBIZ has not reported any payouts.

Unable to verify if CBIZ's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as CBIZ has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

5.7yrs

Average management tenure


CEO

Jerome Grisko (57yo)

3.5yrs

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

Jerome's remuneration is about average for companies of similar size in United States of America.

Jerome's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

5.7yrs

Average Tenure

60yo

Average Age

The average tenure for the CBIZ management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

14.4yrs

Average Tenure

69.5yo

Average Age

The average tenure for the CBIZ board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

CBIZ individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$1,617,00013 Sep 19
Steven Gerard
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares70,000
Max PriceUS$23.10
SellUS$40,81617 Jun 19
Todd Slotkin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$20.41
SellUS$319,98717 Jun 19
Benaree Wiley
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,684
Max PriceUS$20.40
SellUS$70,95326 Apr 19
Joseph DiMartino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,500
Max PriceUS$20.27
SellUS$70,49719 Mar 19
Todd Slotkin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,500
Max PriceUS$20.14
SellUS$71,95705 Mar 19
Joseph DiMartino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,488
Max PriceUS$20.63

Ownership Breakdown


Management Team

  • Michael DeGroote (85yo)

    • Tenure: 0yrs
  • Jerome Grisko (57yo)

    President

    • Tenure: 3.5yrs
    • Compensation: US$4.09m
  • Chris Spurio (53yo)

    President of Financial Services

    • Tenure: 5.7yrs
    • Compensation: US$1.95m
  • Ware Grove (68yo)

    Senior VP & CFO

    • Tenure: 18.8yrs
    • Compensation: US$1.93m
  • Michael Gleespen (60yo)

    Corporate Secretary & General Counsel

    • Tenure: 18.3yrs
  • Mark Waxman (62yo)

    Senior VP & Chief Marketing Officer

    • Tenure: 18.7yrs
  • Michael Kouzelos (50yo)

    President of Benefits & Insurance Services

    • Tenure: 3.2yrs
    • Compensation: US$1.74m
  • Daniel Clark (64yo)

    Investor Relations Officer

    • Tenure: 0yrs
  • John Fleischer (57yo)

    Senior VP & Chief Information Officer

    • Tenure: 5.1yrs
  • Fred Winkler

    Chief Operating Officer

    • Tenure: 0yrs
    • Compensation: US$1.04m

Board Members

  • Sherrill Hudson (76yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$192.83k
  • Rick Burdick (67yo)

    Lead Director & Vice Chairman

    • Tenure: 16.9yrs
    • Compensation: US$190.33k
  • Joseph DiMartino (76yo)

    Independent Director

    • Tenure: 21.8yrs
    • Compensation: US$200.33k
  • Jerome Grisko (57yo)

    President

    • Tenure: 3.5yrs
    • Compensation: US$4.09m
  • Steven Gerard (73yo)

    Non-Executive Chairman

    • Tenure: 16.9yrs
    • Compensation: US$276.07k
  • Bennie Wiley (72yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$179.33k
  • Gina France (60yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$173.33k
  • Todd Slotkin (66yo)

    Independent Director

    • Tenure: 16yrs
    • Compensation: US$191.33k
  • Donald Weir (77yo)

    Independent Director

    • Tenure: 16yrs
    • Compensation: US$200.33k
  • Mike DeGroote (58yo)

    Director

    • Tenure: 12.8yrs
    • 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$1.332b
  • Shares outstanding: 54.21m
  • 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 professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:57
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.