TBI

TrueBlueNYSE:TBI Stock Report

Market Cap

US$1.0b

7D

-2.6%

1Y

65.0%

Updated

20 Sep, 2021

Data

Company Financials +
TBI fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends0/6

TBI Overview

TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico.

TrueBlue Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TrueBlue
Historical stock prices
Current Share PriceUS$26.45
52 Week HighUS$14.99
52 Week LowUS$29.99
Beta1.7
1 Month Change2.12%
3 Month Change-7.97%
1 Year Change65.00%
3 Year Change5.80%
5 Year Change16.47%
Change since IPO111,484.54%

Recent News & Updates

Jul 28
Is It Too Late To Consider Buying TrueBlue, Inc. (NYSE:TBI)?

Is It Too Late To Consider Buying TrueBlue, Inc. (NYSE:TBI)?

TrueBlue, Inc. ( NYSE:TBI ), might not be a large cap stock, but it received a lot of attention from a substantial...

Jul 05
TrueBlue (NYSE:TBI) Has Some Difficulty Using Its Capital Effectively

TrueBlue (NYSE:TBI) Has Some Difficulty Using Its Capital Effectively

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...

Shareholder Returns

TBIUS Professional ServicesUS Market
7D-2.6%-2.8%-2.5%
1Y65.0%29.2%33.0%

Return vs Industry: TBI exceeded the US Professional Services industry which returned 28.4% over the past year.

Return vs Market: TBI exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is TBI's price volatile compared to industry and market?
TBI volatility
TBI Beta1.7
Industry Beta1.07
Market Beta1

Stable Share Price: TBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19855,200A. Beharellehttps://www.trueblue.com

TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries.

TrueBlue Fundamentals Summary

How do TrueBlue's earnings and revenue compare to its market cap?
TBI fundamental statistics
Market CapUS$1.00b
Earnings (TTM)US$39.60m
Revenue (TTM)US$1.97b

23.7x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TBI income statement (TTM)
RevenueUS$1.97b
Cost of RevenueUS$1.49b
Gross ProfitUS$478.30m
ExpensesUS$438.70m
EarningsUS$39.60m

Last Reported Earnings

Jun 27, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.14
Gross Margin24.31%
Net Profit Margin2.01%
Debt/Equity Ratio0%

How did TBI perform over the long term?

See historical performance and comparison

Valuation

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

27.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TBI ($26.45) is trading below our estimate of fair value ($36.39)

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


Price To Earnings Ratio

PE vs Industry: TBI is good value based on its PE Ratio (23.7x) compared to the US Professional Services industry average (25.3x).

PE vs Market: TBI is poor value based on its PE Ratio (23.7x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: TBI is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: TBI is good value based on its PB Ratio (2x) compared to the US Professional Services industry average (3.1x).


Future Growth

How is TrueBlue forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

36.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TBI's forecast earnings growth (36% per year) is above the savings rate (2%).

Earnings vs Market: TBI's earnings (36% per year) are forecast to grow faster than the US market (14.8% per year).

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

Revenue vs Market: TBI's revenue (9% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: TBI's revenue (9% 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 TBI's Return on Equity is forecast to be high in 3 years time


Past Performance

How has TrueBlue performed over the past 5 years?

-25.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TBI has a large one-off gain of $8.5M impacting its June 27 2021 financial results.

Growing Profit Margin: TBI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TBI has become profitable over the past 5 years, growing earnings by -25.2% per year.

Accelerating Growth: TBI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TBI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (19%).


Return on Equity

High ROE: TBI's Return on Equity (8.5%) is considered low.


Financial Health

How is TrueBlue's financial position?


Financial Position Analysis

Short Term Liabilities: TBI's short term assets ($432.5M) exceed its short term liabilities ($274.5M).

Long Term Liabilities: TBI's short term assets ($432.5M) exceed its long term liabilities ($278.3M).


Debt to Equity History and Analysis

Debt Level: TBI is debt free.

Reducing Debt: TBI has no debt compared to 5 years ago when its debt to equity ratio was 30.8%.

Debt Coverage: TBI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TBI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TBI'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 TBI'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?

1.8yrs

Average management tenure


CEO

A. Beharelle (51 yo)

3yrs

Tenure

US$3,420,004

Compensation

Mr. A. Patrick Beharelle serves as the President at eDebt, Inc. Mr. Beharelle has been the Chief Executive Officer, President and Director of TrueBlue Inc. since September 1, 2018 and was its Chief Operati...


CEO Compensation Analysis

Compensation vs Market: A.'s total compensation ($USD3.42M) is above average for companies of similar size in the US market ($USD2.33M).

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


Leadership Team

Experienced Management: TBI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: TBI's board of directors are considered experienced (5 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

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


Key Information

  • Name: TrueBlue, Inc.
  • Ticker: TBI
  • Exchange: NYSE
  • Founded: 1985
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: US$1.003b
  • Shares outstanding: 35.50m
  • Website: https://www.trueblue.com

Number of Employees


Location

  • TrueBlue, Inc.
  • 1015 A Street
  • Tacoma
  • Washington
  • 98402
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 22:29
End of Day Share Price2021/09/20 00:00
Earnings2021/06/27
Annual Earnings2020/12/27


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.