Ceridian HCM Holding
Market Cap
US$14.3b
Last Updated
2021/06/24 00:29 UTC
Data Sources
Company Financials +
Executive Summary
Ceridian HCM Holding Inc., together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Ceridian HCM Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CDAY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CDAY's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
12.0%
CDAY
3.7%
US Software
0.5%
US Market
1 Year Return
22.5%
CDAY
37.3%
US Software
42.6%
US Market
Return vs Industry: CDAY underperformed the US Software industry which returned 33.6% over the past year.
Return vs Market: CDAY underperformed the US Market which returned 39% over the past year.
Shareholder returns
| CDAY | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.0% | 3.7% | 0.5% |
| 30 Day | 7.5% | 8.6% | 1.9% |
| 90 Day | 18.6% | 15.3% | 7.9% |
| 1 Year | 22.5%22.5% | 38.0%37.3% | 44.9%42.6% |
| 3 Year | 179.7%179.7% | 151.1%144.2% | 64.4%54.1% |
| 5 Year | n/a | 371.9%348.5% | 128.3%102.7% |
Long-Term Price Volatility Vs. Market
How volatile is Ceridian HCM Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Returns On Capital At Ceridian HCM Holding (NYSE:CDAY) Paint A Concerning Picture1 month ago | Simply Wall St
Did Ceridian HCM Holding Inc. (NYSE:CDAY) Insiders Sell Shares?2 months ago | Simply Wall St
Did You Miss Ceridian HCM Holding's (NYSE:CDAY) 66% Share Price Gain?Valuation
Is Ceridian HCM Holding undervalued compared to its fair value and its price relative to the market?
6.62x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: CDAY ($94) is trading above our estimate of fair value ($31.97)
Significantly Below Fair Value: CDAY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CDAY is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: CDAY 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 CDAY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CDAY is good value based on its PB Ratio (6.5x) compared to the US Software industry average (7.7x).
Future Growth
How is Ceridian HCM Holding forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
123.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CDAY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CDAY is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CDAY's is expected to become profitable in the next 3 years.
Revenue vs Market: CDAY's revenue (18% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: CDAY's revenue (18% 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 CDAY's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Ceridian HCM Holding performed over the past 5 years?
63.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CDAY is currently unprofitable.
Growing Profit Margin: CDAY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CDAY is unprofitable, but has reduced losses over the past 5 years at a rate of 63.2% per year.
Accelerating Growth: Unable to compare CDAY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CDAY is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (31%).
Return on Equity
High ROE: CDAY has a negative Return on Equity (-1.47%), as it is currently unprofitable.
Financial Health
How is Ceridian HCM Holding's financial position?
Financial Position Analysis
Short Term Liabilities: CDAY's short term assets ($4.8B) exceed its short term liabilities ($4.4B).
Long Term Liabilities: CDAY's short term assets ($4.8B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: CDAY's debt to equity ratio (51.6%) is considered high.
Reducing Debt: CDAY's debt to equity ratio has reduced from 118.7% to 51.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if CDAY has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CDAY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is Ceridian HCM Holding current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CDAY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CDAY'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 CDAY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CDAY'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 CDAY'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?
1.2yrs
Average management tenure
CEO
David Ossip (53 yo)
7.92yrs
Tenure
US$32,998,933
Compensation
Mr. David D. Ossip serves as an Independent Director at Dragoneer Growth Opportunities Corp. II. He has been an Independent Director of Dragoneer Growth Opportunities Corp. III since March 22, 2021. He ser...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD33.00M) is above average for companies of similar size in the US market ($USD11.28M).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: CDAY's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
Experienced Board: CDAY's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CDAY 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
Ceridian HCM Holding Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ceridian HCM Holding Inc.
- Ticker: CDAY
- Exchange: NYSE
- Founded: 2013
- Industry: Application Software
- Sector: Software
- Market Cap: US$14.331b
- Shares outstanding: 149.24m
- Website: https://www.ceridian.com
Number of Employees
Location
- Ceridian HCM Holding Inc.
- 3311 East Old Shakopee Road
- Minneapolis
- Minnesota
- 55425-1640
- United States
Listings
Biography
Ceridian HCM Holding Inc., together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. The company offers Dayforce, a cl...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/24 00:29 |
| End of Day Share Price | 2021/06/23 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.