TriNet Group
Market Cap
US$4.1b
Last Updated
2019/10/23 00:09 UTC
Data Sources
Company Financials +
Executive Summary
TriNet Group, Inc. provides human resources solutions for small and midsize businesses in the United States and Canada.
Snowflake
Fundamentals
Adequate balance sheet with proven track record.
Similar Companies
Share Price & News
How has TriNet Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-3.8%
TNET
-1.3%
US Professional Services
0.07%
US Market
1 Year Return
26.1%
TNET
20.2%
US Professional Services
8.9%
US Market
Return vs Industry: TNET exceeded the US Professional Services industry which returned 20.2% over the past year.
Return vs Market: TNET exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| TNET | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.8% | -1.3% | 0.07% |
| 30 Day | -9.1% | -1.4% | -0.3% |
| 90 Day | -19.4% | -3.5% | -1.6% |
| 1 Year | 26.1%26.1% | 21.4%20.2% | 11.3%8.9% |
| 3 Year | 209.4%209.4% | 53.7%48.6% | 46.3%36.8% |
| 5 Year | 104.9%104.9% | 83.0%73.0% | 62.1%44.3% |
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
1 week ago | Simply Wall St
Is There Now An Opportunity In TriNet Group, Inc. (NYSE:TNET)?3 weeks ago | Simply Wall St
A Close Look At TriNet Group, Inc.’s (NYSE:TNET) 22% ROCE1 month ago | Simply Wall St
Is TriNet Group, Inc. (NYSE:TNET) A Volatile Stock?Valuation
Is TriNet Group undervalued compared to its fair value and its price relative to the market?
21.61x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TNET ($58.22) is trading above our estimate of fair value ($42.28)
Significantly Below Fair Value: TNET is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TNET is poor value based on its PE Ratio (21.6x) compared to the Professional Services industry average (20.2x).
PE vs Market: TNET is poor value based on its PE Ratio (21.6x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: TNET is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: TNET is overvalued based on its PB Ratio (9.3x) compared to the US Professional Services industry average (2.4x).
Next Steps
Future Growth
How is TriNet Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
14.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNET's forecast earnings growth (14.6% per year) is above the savings rate (2.7%).
Earnings vs Market: TNET's earnings (14.6% per year) are forecast to grow faster than the US market (14.5% 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 (-9.1% per year).
High Growth Revenue: TNET's revenue is forecast to decline over the next 3 years (-9.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TNET's Return on Equity is forecast to be high in 3 years time (37.6%)
Next Steps
Past Performance
How has TriNet Group performed over the past 5 years?
51.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TNET has become profitable over the past 5 years, growing earnings by 51.2% per year.
Accelerating Growth: TNET's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TNET had negative earnings growth (-14.5%) over the past year, making it difficult to compare to the Professional Services industry average (36.8%).
Return on Equity
High ROE: TNET's Return on Equity (43.1%) is considered outstanding.
Return on Assets
ROA vs Industry: TNET has a higher Return on Assets than the Professional Services industry average last year.
Return on Capital Employed
ROCE Improving: TNET has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is TriNet Group's financial position?
Financial Position Analysis
Short Term Liabilities: TNET's short term assets ($1.5B) exceeds its short term liabilities ($1.2B)
Long Term Liabilities: TNET's short term assets (1.5B) exceeds its long term liabilities (660.0M)
Debt to Equity History and Analysis
Debt Level: TNET's debt to equity ratio (91.6%) 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 (68.9%).
Interest Coverage: Insufficient data to determine if TNET's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: TNET has a low level of unsold assets or inventory.
Debt Coverage by Assets: TNET's debt is covered by short term assets (assets are 3.619400x debt).
Next Steps
Dividend
What is TriNet Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate TNET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TNET's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
Management
What is the CEO of TriNet Group's salary, the management and board of directors tenure and is there insider trading?
2.4yrs
Average management tenure
CEO
Burton Goldfield (63yo)
11.4yrs
Tenure
US$6,218,976
Compensation
Mr. Burton M. Goldfield has been the Chief Executive Officer and President of Trinet Group, Inc. since May 2008. Mr. Goldfield has more than 25 years of experience in technology management and sales positi ...
CEO Compensation Analysis
Compensation vs. Market: Burton's total compensation ($USD6.22M) is about average for companies of similar size in the US market ($USD5.11M).
Compensation vs Earnings: Burton's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.4yrs
Average Tenure
56yo
Average Age
Experienced Management: TNET's management team is considered experienced (2.4 years average tenure).
Board Age and Tenure
10.2yrs
Average Tenure
63yo
Average Age
Experienced Board: TNET's board of directors are seasoned and experienced ( 10.2 years average tenure).
Insider Trading
Insider Buying: TNET insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 15,000 |
| Max Price | US$71.27 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | US$62.30 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 20,000 |
| Max Price | US$60.55 |
Ownership Breakdown
Management Team
Burton Goldfield (63yo)
President
- Tenure: 11.4yrs
- Compensation: US$6.22m
Craig Flower (60yo)
Chief Technology Officer
- Tenure: 4.6yrs
Michael Mendenhall (57yo)
Senior VP
- Tenure: 1.6yrs
Rich Beckert (57yo)
CFO & Senior VP
- Tenure: 2.4yrs
- Compensation: US$2.24m
Ed Griese (56yo)
Senior Vice President of Insurance Services
- Tenure: 3.7yrs
- Compensation: US$1.27m
Alex Bauer
Executive Director of Investor Relations
- Tenure: 0yrs
Olivier Kohler (56yo)
Senior VP & COO
- Tenure: 1.5yrs
Barrett Boston (46yo)
Senior VP & Chief Revenue Officer
- Tenure: 2yrs
- Compensation: US$2.06m
Michael Murphy (51yo)
Chief Accounting Officer
- Tenure: 3.3yrs
Samantha Wellington (41yo)
Senior VP
- Tenure: 0.9yrs
- Compensation: US$4.18m
Board Members
David Hodgson (62yo)
Chairman of the Board & Lead Independent Director
- Tenure: 1.4yrs
- Compensation: US$282.15k
Mike Angelakis (54yo)
Independent Director
- Tenure: 2.7yrs
- Compensation: US$284.52k
Ken Goldman (70yo)
Independent Director
- Tenure: 10.2yrs
- Compensation: US$286.40k
Ray Raymond Bingham (73yo)
Independent Director
- Tenure: 11.3yrs
- Compensation: US$403.28k
Katherine August-deWilde (71yo)
Independent Director
- Tenure: 6yrs
- Compensation: US$285.63k
Martin Babinec (64yo)
Independent Director
- Tenure: 31.8yrs
- Compensation: US$257.52k
Wayne Lowell (63yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$289.63k
Burton Goldfield (63yo)
President
- Tenure: 11.4yrs
- Compensation: US$6.22m
Paul Chamberlain (55yo)
Independent Director
- Tenure: 3.8yrs
- Compensation: US$280.52k
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$4.072b
- Shares outstanding: 69.94m
- Website: https://www.trinet.com
Number of Employees
Location
- TriNet Group, Inc.
- One Park Place
- Suite 600
- Dublin
- California
- 94568
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TNET | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 2014 |
Biography
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 be ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 00:09 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.