Stock Analysis Report

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Executive Summary

TriNet Group, Inc. provides human resources (HR) solutions for small and midsize businesses in the United States.

Snowflake Analysis

Excellent balance sheet with proven track record.

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Share Price & News

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

Latest Share Price and Events

Stable Share Price: TNET's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Professional Services


US Market

1 Year Return




US Professional Services


US Market

Return vs Industry: TNET underperformed the US Professional Services industry which returned 14.6% over the past year.

Return vs Market: TNET underperformed the US Market which returned 9.2% over the past year.

Shareholder returns

7 Day7.8%4.4%2.4%
30 Day15.2%11.2%10.2%
90 Day7.7%-0.03%3.4%
1 Year-10.1%-10.1%15.5%14.6%11.6%9.2%
3 Year85.1%85.1%49.2%44.8%33.7%24.9%
5 Year102.2%102.2%65.5%56.8%59.7%41.8%

Price Volatility Vs. Market

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

Simply Wall St News


Is TriNet Group 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: TNET ($58.02) is trading below our estimate of fair value ($64.43)

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

Price To Earnings Ratio

PE vs Industry: TNET is good value based on its PE Ratio (16.8x) compared to the Professional Services industry average (18.6x).

PE vs Market: TNET is poor value based on its PE Ratio (16.8x) compared to the US market (16.1x).

Price to Earnings Growth Ratio

PEG Ratio: TNET is poor value based on its PEG Ratio (7.1x)

Price to Book Ratio

PB vs Industry: TNET is overvalued based on its PB Ratio (7.5x) compared to the US Professional Services industry average (3.1x).

Next Steps

Future Growth

How is TriNet Group 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: TNET's forecast earnings growth (2.4% per year) is above the savings rate (2.2%).

Earnings vs Market: TNET's earnings (2.4% per year) are forecast to grow slower than the US market (22.2% per year).

High Growth Earnings: TNET's earnings are forecast to grow, but not significantly.

Revenue vs Market: TNET's revenue is expected to decline over the next 3 years (-34.3% per year).

High Growth Revenue: TNET's revenue is forecast to decline over the next 3 years (-34.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if TNET's Return on Equity is forecast to be high in 3 years time

Next Steps

Past Performance

How has TriNet Group performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TNET has high quality earnings.

Growing Profit Margin: TNET's current net profit margins (6%) are higher than last year (5.6%).

Past Earnings Growth Analysis

Earnings Trend: TNET's earnings have grown significantly by 39.1% per year over the past 5 years.

Accelerating Growth: TNET's earnings growth over the past year (19.5%) is below its 5-year average (39.1% per year).

Earnings vs Industry: TNET earnings growth over the past year (19.5%) exceeded the Professional Services industry 10.2%.

Return on Equity

High ROE: Whilst TNET's Return on Equity (45.03%) is outstanding, this metric is skewed due to their high level of debt.

Next Steps

Financial Health

How is TriNet Group's financial position?

Financial Position Analysis

Short Term Liabilities: TNET's short term assets ($1.9B) exceed its short term liabilities ($1.6B).

Long Term Liabilities: TNET's short term assets ($1.9B) exceed its long term liabilities ($624.0M).

Debt to Equity History and Analysis

Debt Level: TNET's debt to equity ratio (116.5%) is considered high.

Reducing Debt: TNET had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: TNET's debt is well covered by operating cash flow (53.3%).

Interest Coverage: TNET earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Next Steps


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

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if TNET'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 TNET's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Burton Goldfield (63yo)





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 positi ...

CEO Compensation Analysis

Compensation vs Market: Burton's total compensation ($USD5.63M) is about average for companies of similar size in the US market ($USD5.86M).

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

Leadership Team

Burton Goldfield
President12.08yrsUS$5.63m1.24% $48.6m
Olivier Kohler
Senior VP & COO2.17yrsUS$3.80m0.088% $3.4m
Edward Griese
Senior Vice President of Insurance Services4.33yrsUS$1.27m0.038% $1.5m
Barrett Boston
Senior VP & Chief Revenue Officer2.67yrsUS$1.76m0.064% $2.5m
Michael Peter Murphy
Chief Accounting Officer3.92yrsno data0.021% $829.2k
Craig Flower
Chief Technology Officer5.25yrsno datano data
Alex Bauer
Executive Director of Investor Relationsno datano datano data
Samantha Wellington
Senior VP1.58yrsUS$4.18m0.042% $1.6m
Michael Mendenhall
Senior VP2.25yrsno datano data
Catherine Wragg
Senior Vice President of Human Resources3.42yrsno datano data


Average Tenure


Average Age

Experienced Management: TNET's management team is considered experienced (3.4 years average tenure).

Board Members

Burton Goldfield
President12.08yrsUS$5.63m1.24% $48.6m
David Hodgson
Chairman of the Board & Lead Independent Director2.08yrsUS$392.52k0.16% $6.3m
Michael Angelakis
Independent Director3.33yrsUS$286.01k0.025% $976.4k
Kenneth Goldman
Independent Director10.83yrsUS$280.51k0.22% $8.6m
Shawn Guertin
Independent Director0.42yrno data0.00031% $12.1k
Heber Raymond Bingham
Independent Director11.92yrsUS$295.01k0.19% $7.6m
Katherine August-deWilde
Independent Director6.67yrsUS$292.51k0.31% $12.1m
Martin Babinec
Independent Director32.42yrsUS$257.51k5.15% $201.1m
Wayne Lowell
Independent Director11.42yrsUS$295.51k0.13% $5.1m
Paul Chamberlain
Independent Director4.5yrsUS$280.51k0.044% $1.7m


Average Tenure


Average Age

Experienced Board: TNET's board of directors are considered experienced (8.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: TNET insiders have only sold shares 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

TriNet Group, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: TriNet Group, Inc.
  • Ticker: TNET
  • Exchange: NYSE
  • Founded: 1988
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: US$3.904b
  • Shares outstanding: 67.29m
  • Website: https://www.trinet.com

Number of Employees


  • TriNet Group, Inc.
  • One Park Place
  • Suite 600
  • Dublin
  • California
  • 94568
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TNETNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2014


TriNet Group, Inc. provides human resources (HR) solutions for small and midsize businesses in the United States. 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 HR related services. It serves clients in various industries, including technology, professional services, financial services, life sciences, not-for-profit, property management, retail, manufacturing, and hospitality. The company sells its solutions through its direct sales organization. TriNet Group, Inc. was founded in 1988 and is headquartered in Dublin, California. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 12:23
End of Day Share Price2020/06/03 00:00
Annual Earnings2019/12/31

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.