NYSE:TBI

Stock Analysis Report

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Executive Summary

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

Rewards

Trading at 15.3% below our estimate of its fair value

Risk Analysis

No risks detected for TBI from our risk checks.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TBI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.5%

TBI

-1.7%

US Professional Services

-1.1%

US Market


1 Year Return

-27.7%

TBI

14.8%

US Professional Services

15.6%

US Market

Return vs Industry: TBI underperformed the US Professional Services industry which returned 14.8% over the past year.

Return vs Market: TBI underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

TBIIndustryMarket
7 Day-3.5%-1.7%-1.1%
30 Day11.7%2.4%4.2%
90 Day6.9%1.9%6.3%
1 Year-27.7%-27.7%15.6%14.8%18.2%15.6%
3 Year-36.8%-36.8%53.5%48.9%39.6%30.4%
5 Year-40.8%-40.8%87.8%77.8%79.5%59.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

15.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TBI ($17.13) is trading below our estimate of fair value ($20.22)

Significantly Below Fair Value: TBI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TBI is unprofitable, so we can't compare its PE Ratio to the US Professional Services industry average.

PE vs Market: TBI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TBI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TBI is good value based on its PB Ratio (1.4x) compared to the US Professional Services industry average (2.5x).


Next Steps

Future Growth

How is TrueBlue forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

125.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TBI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TBI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TBI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TBI's revenue (4.7% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: TBI's revenue (4.7% 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


Next Steps

Past Performance

How has TrueBlue performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TBI is currently unprofitable.

Growing Profit Margin: TBI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TBI is unprofitable, and losses have increased over the past 5 years at a rate of 18.6% per year.

Accelerating Growth: Unable to compare TBI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TBI is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (-1.7%).


Return on Equity

High ROE: TBI has a negative Return on Equity (-29.86%), as it is currently unprofitable.


Next Steps

Financial Health

How is TrueBlue's financial position?


Financial Position Analysis

Short Term Liabilities: TBI's short term assets ($359.9M) exceed its short term liabilities ($220.0M).

Long Term Liabilities: TBI's short term assets ($359.9M) exceed its long term liabilities ($270.2M).


Debt to Equity History and Analysis

Debt Level: TBI's debt to equity ratio (10.9%) is considered satisfactory.

Reducing Debt: TBI's debt to equity ratio has reduced from 20.6% to 10.9% over the past 5 years.

Debt Coverage: TBI's debt is well covered by operating cash flow (355.6%).

Interest Coverage: TBI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

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?

1.3yrs

Average management tenure


CEO

A. Beharelle (50 yo)

2.08yrs

Tenure

US$3,391,176

Compensation

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


CEO Compensation Analysis

Compensation vs Market: A.'s total compensation ($USD3.39M) is above average for companies of similar size in the US market ($USD1.93M).

Compensation vs Earnings: A.'s compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
A. Beharelle
CEO & Director2.08yrsUS$3.39m0.45%
$ 2.7m
Derrek Gafford
Executive VP & CFO14.83yrsUS$1.39m0.22%
$ 1.3m
Carl Schweihs
Executive VP & President of People Management1.33yrsUS$676.75k0.082%
$ 485.7k
Taryn Owen
Executive VP & President of PeopleReady0.92yrUS$962.98k0.17%
$ 1.0m
Norman Frey
Senior VP & Chief Accounting Officerno datano data0.12%
$ 726.5k
Jeff Dirks
Senior VP1.33yrsno datano data
Garrett Ferencz
Executive VP0.25yrno data0.11%
$ 680.8k
Jennifer Grasz
Vice President of Corporate Communicationsno datano datano data
Richard Christensen
VP & Corporate Controller5.75yrsno datano data
Todd Gilman
Senior VPno datano datano data
Brannon Lacey
President of PeopleScout0.083yrno data0.084%
$ 496.4k

1.3yrs

Average Tenure

49yo

Average Age

Experienced Management: TBI's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
A. Beharelle
CEO & Director2.08yrsUS$3.39m0.45%
$ 2.7m
Colleen Brown
Independent Director6.33yrsUS$215.56k0.060%
$ 354.5k
Steven Cooper
Chairman2.08yrsUS$259.60k0.45%
$ 2.7m
Bonnie Soodik
Independent Director10.58yrsUS$215.56k0.035%
$ 208.6k
Kristi Savacool
Independent Director2.25yrsUS$200.18k0.0059%
$ 35.1k
Robert Kreidler
Director0.25yrno data0.011%
$ 63.6k
Jeffrey Sakaguchi
Lead Independent Director3.75yrsUS$268.98k0.094%
$ 559.1k
Kim Jones
Independent Director4.42yrsUS$200.18k0.0096%
$ 57.2k
William Goings
Independent Director4.5yrsUS$198.68k0.017%
$ 100.8k

4.1yrs

Average Tenure

60yo

Average Age

Experienced Board: TBI's board of directors are considered experienced (4.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TrueBlue, Inc.'s company bio, 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$594.245m
  • Shares outstanding: 34.69m
  • Website: https://www.trueblue.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TBINYSE (New York Stock Exchange)YesCommon StockUSUSDOct 1990
LRYDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1990

Biography

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, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 00:34
End of Day Share Price2020/10/26 00:00
Earnings2020/06/28
Annual Earnings2019/12/29


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.