TriNet Group
TriNet Group, Inc. provides human resources solutions for small and midsize businesses in the United States and Canada. The last earnings update was 34 days ago. More info.
Add to Portfolio Compare Print
- TriNet Group has significant price volatility in the past 3 months.
TNET Share Price and Events
7 Day Returns
1 Year Returns
TNET Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| TriNet Group (TNET) | 1.8% | 2.2% | 53.4% | 30.2% | 359.9% | - |
| US Professional Services | 1.7% | 2.7% | 18.9% | 7.4% | 35.1% | 46.5% |
| US Market | 1.6% | 2.1% | 12.8% | 3.2% | 38.6% | 43.6% |
1 Year Return vs Industry and Market
- TNET outperformed the Professional Services industry which returned 7.4% over the past year.
- TNET outperformed the Market in United States of America which returned 3.2% over the past year.
TNET Value
Is TriNet Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
TriNet Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for TriNet Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Professional Services Unlevered Beta | Simply Wall St/ S&P Global | 0.96 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.96 (1 + (1- 21%) (9.45%)) |
1.021 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.02 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.021 * 5.96%) |
8.82% |
Discounted Cash Flow Calculation for NYSE:TNET using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for TriNet Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.82%) |
|
|---|---|---|---|
| 2019 | 393.00 | Analyst x2 | 361.16 |
| 2020 | 320.50 | Analyst x2 | 270.68 |
| 2021 | 310.84 | Est @ -3.02% | 241.25 |
| 2022 | 306.82 | Est @ -1.29% | 218.84 |
| 2023 | 306.56 | Est @ -0.09% | 200.94 |
| 2024 | 308.89 | Est @ 0.76% | 186.07 |
| 2025 | 313.06 | Est @ 1.35% | 173.30 |
| 2026 | 318.59 | Est @ 1.76% | 162.07 |
| 2027 | 325.13 | Est @ 2.05% | 152.00 |
| 2028 | 332.47 | Est @ 2.26% | 142.84 |
| Present value of next 10 years cash flows | $2,109.17 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $332.47 × (1 + 2.73%) ÷ (8.82% – 2.73%) |
$5,612.85 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $5,612.85 ÷ (1 + 8.82%)10 |
$2,411.54 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,109.17 + $2,411.54 |
$4,520.71 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $4,520.71 / 70.17 |
$64.42 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $64.42 |
| Current discount | Discount to share price of
$62.31
= -1 x ($62.31 - $64.42) / $64.42 |
3.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- TriNet Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- TriNet Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for TriNet Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
TriNet Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.73 |
| NYSE:TNET Share Price ** | NYSE (2019-03-19) in USD | $62.31 |
| United States of America Professional Services Industry PE Ratio | Median Figure of 35 Publicly-Listed Professional Services Companies | 22.83x |
| United States of America Market PE Ratio | Median Figure of 3,056 Publicly-Listed Companies | 17.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of TriNet Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:TNET Share Price ÷ EPS (both in USD) = 62.31 ÷ 2.73 |
22.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TriNet Group is overvalued based on earnings compared to the US Professional Services industry average.
- TriNet Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
TriNet Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 22.84x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
13.4%per year |
| United States of America Professional Services Industry PEG Ratio | Median Figure of 32 Publicly-Listed Professional Services Companies | 1.59x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.49x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 22.84x ÷ 13.4% |
1.7x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TriNet Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
TriNet Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $5.31 |
| NYSE:TNET Share Price * | NYSE (2019-03-19) in USD | $62.31 |
| United States of America Professional Services Industry PB Ratio | Median Figure of 56 Publicly-Listed Professional Services Companies | 2.35x |
| United States of America Market PB Ratio | Median Figure of 5,154 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:TNET Share Price ÷ Book Value per Share (both in USD) = 62.31 ÷ 5.31 |
11.73x |
* Primary Listing of TriNet Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- TriNet Group is overvalued based on assets compared to the US Professional Services industry average.
Value checks
We assess TriNet Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check) TriNet Group has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
TNET Future Performance
How is TriNet Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- TriNet Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- TriNet Group's earnings growth is positive but not above the United States of America market average.
- TriNet Group's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:TNET Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 13.4% |
| NYSE:TNET Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | -68% |
| United States of America Professional Services Industry Earnings Growth Rate | Market Cap Weighted Average | 21.2% |
| United States of America Professional Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.1% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1,025 | 361 | 251 | 4 |
| 2019-12-31 | 928 | 429 | 221 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,503 | -104 | 192 |
| 2018-09-30 | 3,434 | -82 | 229 |
| 2018-06-30 | 3,378 | -86 | 221 |
| 2018-03-31 | 3,328 | -122 | 203 |
| 2017-12-31 | 3,275 | 606 | 178 |
| 2017-09-30 | 3,238 | -73 | 135 |
| 2017-06-30 | 3,189 | -99 | 106 |
| 2017-03-31 | 3,135 | -52 | 78 |
| 2016-12-31 | 3,060 | 192 | 61 |
| 2016-09-30 | 2,975 | 107 | 53 |
| 2016-06-30 | 2,872 | 129 | 41 |
| 2016-03-31 | 2,767 | 158 | 27 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from TriNet Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3.47 | 3.50 | 3.44 | 2.00 |
| 2019-12-31 | 3.02 | 3.03 | 3.00 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.73 |
| 2018-09-30 | 3.26 |
| 2018-06-30 | 3.16 |
| 2018-03-31 | 2.92 |
| 2017-12-31 | 2.57 |
| 2017-09-30 | 1.95 |
| 2017-06-30 | 1.53 |
| 2017-03-31 | 1.13 |
| 2016-12-31 | 0.87 |
| 2016-09-30 | 0.75 |
| 2016-06-30 | 0.58 |
| 2016-03-31 | 0.39 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess TriNet Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
TriNet Group has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
TNET Past Performance
How has TriNet Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- TriNet Group has delivered over 20% year on year earnings growth in the past 5 years.
- TriNet Group's 1-year earnings growth is less than its 5-year average (7.9% vs 60%)
- TriNet Group's earnings growth has not exceeded the US Professional Services industry average in the past year (7.9% vs 25.4%).
Earnings and Revenue History
All data from TriNet Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,503.00 | 192.00 | 324.00 | 49.00 |
| 2018-09-30 | 3,434.00 | 229.00 | 307.00 | 47.00 |
| 2018-06-30 | 3,378.00 | 221.00 | 294.00 | 47.00 |
| 2018-03-31 | 3,328.00 | 203.00 | 297.00 | 47.00 |
| 2017-12-31 | 3,275.00 | 178.00 | 301.00 | 45.00 |
| 2017-09-30 | 3,237.76 | 134.56 | 283.94 | 44.03 |
| 2017-06-30 | 3,189.22 | 106.14 | 275.89 | 40.15 |
| 2017-03-31 | 3,135.06 | 78.42 | 263.64 | 35.61 |
| 2016-12-31 | 3,060.00 | 61.00 | 266.00 | 31.00 |
| 2016-09-30 | 2,974.94 | 52.54 | 266.71 | 26.68 |
| 2016-06-30 | 2,872.49 | 41.05 | 265.49 | 25.55 |
| 2016-03-31 | 2,766.65 | 27.46 | 259.66 | 26.72 |
| 2015-12-31 | 2,659.00 | 32.00 | 236.00 | 28.00 |
| 2015-09-30 | 2,537.26 | 24.05 | 223.60 | 28.72 |
| 2015-06-30 | 2,425.20 | 22.38 | 213.85 | 28.50 |
| 2015-03-31 | 2,310.20 | 29.91 | 206.38 | 27.43 |
| 2014-12-31 | 2,193.53 | 13.27 | 193.92 | 26.10 |
| 2014-09-30 | 2,071.53 | 8.39 | 194.14 | 24.04 |
| 2014-06-30 | 1,963.69 | -0.78 | 188.45 | 22.32 |
| 2014-03-31 | 1,802.12 | 3.44 | 177.14 | 21.33 |
| 2013-12-31 | 1,644.28 | 3.22 | 167.25 | 19.95 |
| 2013-09-30 | 1,484.82 | 3.61 | 156.67 | 19.97 |
| 2012-12-31 | 1,019.06 | 6.52 | 101.15 | 16.72 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst TriNet Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- TriNet Group used its assets more efficiently than the US Professional Services industry average last year based on Return on Assets.
- TriNet Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess TriNet Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
TriNet Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
TNET Health
How is TriNet Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up TriNet Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- TriNet Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- TriNet Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from TriNet Group Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 375.00 | 413.00 | 282.00 |
| 2018-09-30 | 350.00 | 418.00 | 275.00 |
| 2018-06-30 | 309.00 | 423.00 | 231.00 |
| 2018-03-31 | 262.00 | 413.00 | 330.00 |
| 2017-12-31 | 206.00 | 423.00 | 336.00 |
| 2017-09-30 | 131.86 | 431.69 | 263.53 |
| 2017-06-30 | 91.51 | 440.81 | 233.88 |
| 2017-03-31 | 42.55 | 449.93 | 216.05 |
| 2016-12-31 | 35.00 | 459.00 | 184.00 |
| 2016-09-30 | 28.92 | 468.14 | 160.56 |
| 2016-06-30 | 33.46 | 472.41 | 166.66 |
| 2016-03-31 | 26.74 | 489.47 | 195.94 |
| 2015-12-31 | 8.08 | 493.94 | 166.18 |
| 2015-09-30 | -14.10 | 504.76 | 146.32 |
| 2015-06-30 | -7.94 | 509.83 | 128.41 |
| 2015-03-31 | -15.10 | 514.84 | 104.40 |
| 2014-12-31 | -25.76 | 545.15 | 134.34 |
| 2014-09-30 | -48.91 | 550.24 | 97.95 |
| 2014-06-30 | -36.66 | 575.71 | 100.29 |
| 2014-03-31 | -46.12 | 602.24 | 122.60 |
| 2013-12-31 | -270.36 | 818.88 | 94.36 |
| 2013-09-30 | -232.57 | 820.61 | 112.16 |
| 2012-12-31 | 57.32 | 301.33 | 63.75 |
- TriNet Group's level of debt (110.1%) compared to net worth is high (greater than 40%).
- TriNet Group had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
- Operating cash flow is negative therefore debt is not well covered.
- Interest payments on debt are well covered by earnings (EBIT is 25.1x coverage).
Financial health checks
We assess TriNet Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) TriNet Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
TNET Dividends
What is TriNet Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
TriNet Group
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate TriNet Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate TriNet Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Professional Services Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as TriNet Group has not reported any payouts.
- Unable to verify if TriNet Group's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess TriNet Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can TriNet Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) TriNet Group has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
TNET Management
CEO
| COMPENSATION | $5,531,650 |
| AGE | 62 |
| TENURE AS CEO | 10.8 years |
CEO Bio
Mr. Burton M. Goldfield has been the Chief Executive Officer and President of Trinet Group, Inc. since May 2008. Mr. Goldfield has more than 25 years of experience in technology management and sales positions. He served as Chief Executive Officer of Ketera Technologies Inc. from April 20, 2006 to February 2008. He served as Senior Vice President of Worldwide Field Operations at Hyperion Solutions Corp., from January 5, 2004 to May 7, 2004. He was responsible for leading Hyperion's worldwide field organization, including field marketing, direct sales, channel management, strategic alliances and consulting services. Prior to Hyperion, he served as Vice President of Worldwide Sales for the Rational software brand of IBM Corporation and was responsible for all direct and indirect sales, consulting and field operations around the globe. He held numerous other executive management positions at Rational, including Vice President of Americas Field Operations and Western Field Operations and Senior Vice President of Corporate Business Architecture. Mr. Goldfield served as Vice President of Sales of Catapulse. He served as Vice President of Sales and Marketing of Computer Command and Control Company and Executive Vice President of CGS Scientific Corporation. He has been a Director of VoiceObjects Inc., since November 2006 and Independent Director of DHI Group, Inc. since December 8, 2014. He has been a Director of TriNet Group, Inc. since May 2008. He served as a Director of Ketera Technologies Inc. He served as a Director of Voxeo Germany GmbH since November 2006. Mr. Goldfield holds a Master's Degree in Business Administration from Villanova University and a Bachelor's of Science in Biomedical Engineering from Syracuse University.
CEO Compensation
- Burton's compensation has increased by more than 20% in the past year.
- Burton's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the TriNet Group management team in years:
- The average tenure for the TriNet Group management team is less than 2 years, this suggests a new team.
Management Team
Burton Goldfield
President
$6M
62
10.8 yrs
Rich Beckert
CFO & Senior VP
$4M
56
1.8 yrs
Ed Griese
Senior Vice President of Insurance Services
$1M
55
3.1 yrs
Barrett Boston
Senior VP & Chief Revenue Officer
$2M
45
1.4 yrs
Bill Porter
$728K
64
1.8 yrs
Olivier Kohler
Senior VP & COO
0.8 yrs
Michael Murphy
Chief Accounting Officer
50
2.7 yrs
Craig Flower
Chief Technology Officer
59
4 yrs
Alex Bauer
Executive Director of Investor Relations
Samantha Wellington
Senior VP
0.3 yrs
Board of Directors Tenure
Average tenure and age of the TriNet Group board of directors in years:
- The tenure for the TriNet Group board of directors is about average.
Board of Directors
David Hodgson
$265K
61
1.2 yrs
Burton Goldfield
President
$6M
62
10.8 yrs
Ray Raymond Bingham
Lead Independent Director
$424K
72
Wayne Lowell
Director
$287K
62
10.2 yrs
Katherine August-deWilde
Director
$281K
70
5.4 yrs
Martin Babinec
Director
$256K
63
31.2 yrs
Ken Goldman
Director
$293K
69
9.6 yrs
Paul Chamberlain
Independent Director
$279K
54
3.3 yrs
Mike Angelakis
Director
$271K
53
2.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 26. Feb 19 | Sell | Kenneth Goldman | Individual | 22. Feb 19 | 22. Feb 19 | -10,000 | $62.30 | $-622,969 | ||
| 22. Feb 19 | Sell | Wayne Lowell | Individual | 19. Feb 19 | 19. Feb 19 | -20,000 | $60.55 | $-1,211,050 | ||
Management checks
We assess TriNet Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) TriNet Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
TNET News
Simply Wall St News
Did TriNet Group, Inc. (NYSE:TNET) Insiders Sell Shares?
So we'll take a look at whether insiders have been buying or selling shares in TriNet Group, Inc. … TriNet Group Insider Transactions Over The Last Year. … In total, TriNet Group insiders sold more than they bought over the last year.
Simply Wall St - – Full articleShould You Be Impressed By TriNet Group, Inc.'s (NYSE:TNET) ROE?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows TriNet Group has a return on equity of 65% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs TriNet Group, Inc.'s (NYSE:TNET) CEO Pay Justified?
Burton Goldfield became the CEO of TriNet Group, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Burton Goldfield's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleTriNet Group, Inc. (NYSE:TNET) Is Employing Capital Very Effectively
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleHow Did TriNet Group Inc's (NYSE:TNET) 72% ROE Fare Against The Industry?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows TriNet Group has a return on equity of 72% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShould You Be Holding TriNet Group Inc (NYSE:TNET)?
Attractive stocks have exceptional fundamentals. … In the case of TriNet Group Inc (NYSE:TNET), there's. … For those interested in digger a bit deeper into my commentary,
Simply Wall St - – Full articleWhat Should Investors Know About TriNet Group Inc's (NYSE:TNET) Capital Returns?
and looking to gauge the potential return on investment in TriNet Group Inc (NYSE:TNET). … Thus, to understand how your money can grow by investing in TriNet Group, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … TriNet Group's Return On Capital Employed
Simply Wall St - – Full articleIs TriNet Group Inc (NYSE:TNET) A Buy At Its Current PE Ratio?
I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between TriNet Group Inc (NYSE:TNET)’s fundamentals and stock market performance. … While TNET might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions
Simply Wall St - – Full articleTriNet Group Inc's (NYSE:TNET) Poor Growth Outlook Brings Concerns
It's crucial to understand if a company has a strong future based on its current operations and financial status. … provides human resources solutions for small and midsize businesses in the United States and Canada … Founded in 1988, it currently operates in United States at a market cap of US$3.94b
Simply Wall St - – Full articleWhat Should You Know About TriNet Group Inc's (NYSE:TNET) Future Margins?
As analysts forecast … TriNet Group Inc (NYSE:TNET) to … it's important to take a step back
Simply Wall St - – Full articleTNET Company Info
Description
TriNet Group, Inc. provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefit law compliance; and other services. It serves clients in various industries, including technology, life sciences, not-for-profit, professional services, financial services, property management, retail, manufacturing, and hospitality. The company markets its solutions through its sales representatives. TriNet Group, Inc. was founded in 1988 and is headquartered in Dublin, California.
Details
| Name: | TriNet Group, Inc. |
| TNET | |
| Exchange: | NYSE |
| Founded: | 1988 |
| $4,372,302,358 | |
| 70,170,155 | |
| Website: | http://www.trinet.com |
| Address: |
TriNet Group, Inc. One Park Place, Suite 600, Dublin, California, 94568, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | TNET | Common Stock | New York Stock Exchange | US | USD | 27. Mar 2014 |
Number of employees
Current staff
Industry
| Human Resource and Employment Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 00:13 |
| End of day share price update: | 2019/03/19 00:00 |
| Last estimates confirmation: | 2019/02/25 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
