TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico.
Flawless balance sheet and undervalued.
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's share price has been volatile over the past 3 months.
7 Day Return
US Professional Services
1 Year Return
US Professional Services
Return vs Industry: TBI underperformed the US Professional Services industry which returned 25.8% over the past year.
Return vs Market: TBI underperformed the US Market which returned 14% over the past year.
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
6 days ago | Simply Wall StHow Does TrueBlue's (NYSE:TBI) P/E Compare To Its Industry, After The Share Price Drop?
2 weeks ago | Simply Wall StTrueBlue, Inc. Just Released Its Yearly Results And Analysts Are Updating Their Estimates
2 weeks ago | Simply Wall StWe Think TrueBlue (NYSE:TBI) Can Stay On Top Of Its Debt
Is TrueBlue undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TBI ($15.85) is trading below our estimate of fair value ($35.12)
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 (9.7x) compared to the Professional Services industry average (18.8x).
PE vs Market: TBI is good value based on its PE Ratio (9.7x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: TBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TBI is good value based on its PB Ratio (1x) compared to the US Professional Services industry average (2.7x).
How is TrueBlue forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TBI's earnings are forecast to decline over the next 3 years (-7.8% per year).
Earnings vs Market: TBI's earnings are forecast to decline over the next 3 years (-7.8% per year).
High Growth Earnings: TBI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TBI's revenue is expected to decline over the next 3 years (-0.7% per year).
High Growth Revenue: TBI's revenue is forecast to decline over the next 3 years (-0.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TBI's Return on Equity is forecast to be low in 3 years time (8.8%).
How has TrueBlue performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TBI has high quality earnings.
Growing Profit Margin: TBI's current net profit margins (2.7%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: TBI's earnings have grown by 5.1% per year over the past 5 years.
Accelerating Growth: TBI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TBI had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Professional Services industry average (12.3%).
Return on Equity
High ROE: TBI's Return on Equity (10.1%) is considered low.
Return on Assets
Return on Capital Employed
How is TrueBlue's financial position?
Financial Position Analysis
Short Term Liabilities: TBI's short term assets ($421.7M) exceed its short term liabilities ($230.8M).
Long Term Liabilities: TBI's short term assets ($421.7M) exceed its long term liabilities ($279.4M).
Debt to Equity History and Analysis
Debt Level: TBI's debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: TBI's debt to equity ratio has reduced from 42.1% to 3.7% over the past 5 years.
Debt Coverage: TBI's debt is well covered by operating cash flow (412.1%).
Interest Coverage: TBI earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: TBI has a low level of unsold assets or inventory.
Debt Coverage by Assets: TBI's debt is covered by short term assets (assets are 18.4x debt).
What is TrueBlue's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TBI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TBI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TBI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TBI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TBI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
A. Beharelle (49yo)
Mr. A. Patrick Beharelle serves as the President at eDebt, Inc. Mr. Beharelle has been the Chief Executive Officer and Director of TrueBlue Inc. since September 1, 2018 and was its President and Chief Oper ...
CEO Compensation Analysis
Compensation vs Market: A.'s total compensation ($USD2.50M) is above average for companies of similar size in the US market ($USD1.72M).
Compensation vs Earnings: A.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Director||1.4yrs||US$2.50m||0.42% $2.5m|
|Executive VP & CFO||14.2yrs||US$2.19m||0.23% $1.4m|
|Executive VP||14.4yrs||US$1.03m||0.10% $601.7k|
|President of PeopleReady||0.3yrs||US$1.21m||0.16% $942.3k|
|Senior VP & Chief Accounting Officer||0yrs||no data||0.11% $672.2k|
|Senior VP||0.7yrs||no data||no data|
|Vice President of Corporate Communications||0yrs||no data||no data|
|Senior VP & Chief Marketing Officer||0yrs||no data||no data|
|Senior VP & Chief Human Resources Officer||3.7yrs||no data||no data|
|President of People Management||0.7yrs||no data||0.075% $449.7k|
Experienced Management: TBI's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|CEO & Director||1.4yrs||US$2.50m||0.42% $2.5m|
|Independent Director||5.7yrs||US$213.76k||0.079% $473.9k|
|Independent Director||9.9yrs||US$213.79k||0.032% $193.1k|
|Independent Director||1.6yrs||US$102.57k||0.0054% $32.5k|
|Independent Director||3.8yrs||US$214.93k||no data|
|Lead Independent Director||3.1yrs||US$265.15k||0.087% $517.3k|
|Independent Director||3.8yrs||US$198.51k||0.0089% $53.0k|
|Independent Director||3.8yrs||US$198.51k||0.016% $93.3k|
Experienced Board: TBI's board of directors are considered experienced (3.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TrueBlue, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: TrueBlue, Inc.
- Ticker: TBI
- Exchange: NYSE
- Founded: 1985
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: US$596.583m
- Shares outstanding: 37.64m
- Website: https://www.trueblue.com
Number of Employees
- TrueBlue, Inc.
- 1015 A Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TBI||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 1990|
|LRY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1990|
TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. It offers recruitment and on-premise management services, and temporary and dedicated drivers for the transportation and distribution industries under Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages customers' contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. TrueBlue, Inc. was founded in 1985 and is headquartered in Tacoma, Washington.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 00:53|
|End of Day Share Price||2020/02/24 00:00|
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.