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Trimble

Nasdaq:TRMB
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRMB
Nasdaq
$10B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The last earnings update was 59 days ago. More info.


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TRMB Share Price and Events
7 Day Returns
-1%
NasdaqGS:TRMB
0.1%
US Electronic
-0.8%
US Market
1 Year Returns
12.2%
NasdaqGS:TRMB
10.5%
US Electronic
7%
US Market
TRMB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trimble (TRMB) -1% 2.8% 14% 12.2% 58.7% 5.6%
US Electronic 0.1% 8.5% 18% 10.5% 68% 69.3%
US Market -0.8% 2.7% 7.5% 7% 37.9% 47%
1 Year Return vs Industry and Market
  • TRMB outperformed the Electronic industry which returned 10.5% over the past year.
  • TRMB outperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
TRMB
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Trimble 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 Trimble 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Trimble.

NasdaqGS:TRMB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:TRMB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.069 (1 + (1- 21%) (19.24%))
1.155
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.155 * 5.96%)
9.62%

Discounted Cash Flow Calculation for NasdaqGS:TRMB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Trimble 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.

NasdaqGS:TRMB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.62%)
2019 416.38 Analyst x4 379.85
2020 538.68 Analyst x5 448.31
2021 582.00 Analyst x1 441.87
2022 618.29 Est @ 6.23% 428.24
2023 650.33 Est @ 5.18% 410.92
2024 679.25 Est @ 4.45% 391.54
2025 705.96 Est @ 3.93% 371.23
2026 731.18 Est @ 3.57% 350.76
2027 755.44 Est @ 3.32% 330.61
2028 779.18 Est @ 3.14% 311.08
Present value of next 10 years cash flows $3,864.41
NasdaqGS:TRMB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $779.18 × (1 + 2.73%) ÷ (9.62% – 2.73%)
$11,623.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,623.41 ÷ (1 + 9.62%)10
$4,640.58
NasdaqGS:TRMB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,864.41 + $4,640.58
$8,504.98
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,504.98 / 252.34
$33.7
NasdaqGS:TRMB Discount to Share Price
Calculation Result
Value per share (USD) From above. $33.70
Current discount Discount to share price of $40.54
= -1 x ($40.54 - $33.70) / $33.70
-20.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Trimble is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Trimble's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trimble's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TRMB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-28) in USD $1.13
NasdaqGS:TRMB Share Price ** NasdaqGS (2019-04-22) in USD $40.54
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 21.67x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Trimble.

NasdaqGS:TRMB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TRMB Share Price ÷ EPS (both in USD)

= 40.54 ÷ 1.13

35.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trimble is overvalued based on earnings compared to the US Electronic industry average.
  • Trimble is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Trimble's expected growth come at a high price?
Raw Data
NasdaqGS:TRMB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
8.7%per year
United States of America Electronic Industry PEG Ratio Median Figure of 58 Publicly-Listed Electronic Companies 1.64x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:TRMB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.84x ÷ 8.7%

4.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trimble is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Trimble's assets?
Raw Data
NasdaqGS:TRMB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-28) in USD $10.66
NasdaqGS:TRMB Share Price * NasdaqGS (2019-04-22) in USD $40.54
United States of America Electronic Industry PB Ratio Median Figure of 145 Publicly-Listed Electronic Companies 2.14x
United States of America Market PB Ratio Median Figure of 5,186 Publicly-Listed Companies 1.91x
NasdaqGS:TRMB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TRMB Share Price ÷ Book Value per Share (both in USD)

= 40.54 ÷ 10.66

3.8x

* Primary Listing of Trimble.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trimble is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Trimble's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Trimble 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.

Future Performance

 How is Trimble expected to perform in the next 1 to 3 years based on estimates from 9 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!
Annual Growth Rate
8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trimble expected to grow at an attractive rate?
  • Trimble's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Trimble's earnings growth is positive but not above the United States of America market average.
  • Trimble's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TRMB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TRMB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 8.7%
NasdaqGS:TRMB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 6.1%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 16.7%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
Raw Data
NasdaqGS:TRMB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TRMB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,635 2
2020-12-31 3,604 584 330 7
2019-12-31 3,376 506 273 8
2018-12-31 3,141 433 250 7
NasdaqGS:TRMB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-28 3,108 487 283
2018-09-28 3,030 474 163
2018-06-29 2,911 426 147
2018-03-30 2,786 391 130
2017-12-29 2,647 430 118
2017-09-29 2,532 449 192
2017-06-30 2,440 471 174
2017-03-31 2,390 403 162
2016-12-30 2,362 431 132
2016-09-30 2,336 366 119
2016-07-01 2,315 347 117
2016-04-01 2,291 362 107
2016-01-01 2,290 357 121

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Trimble's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • Trimble's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:TRMB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Trimble Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TRMB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.30 1.58 1.09 4.00
2019-12-31 1.10 1.27 0.84 6.00
2018-12-31 1.02 1.09 0.93 4.00
NasdaqGS:TRMB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-28 1.13
2018-09-28 0.65
2018-06-29 0.59
2018-03-30 0.52
2017-12-29 0.47
2017-09-29 0.76
2017-06-30 0.69
2017-03-31 0.65
2016-12-30 0.53
2016-09-30 0.47
2016-07-01 0.46
2016-04-01 0.42
2016-01-01 0.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Trimble is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Trimble's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Trimble has a total score of 1/6, 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.

Past Performance

  How has Trimble 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
Below we compare Trimble's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Trimble's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Trimble's 1-year earnings growth exceeds its 5-year average (137.2% vs -5.6%)
  • Trimble's earnings growth has exceeded the US Electronic industry average in the past year (137.2% vs 62.1%).
Earnings and Revenue History
Trimble's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Trimble Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TRMB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-28 3,108.40 282.80 792.70 446.10
2018-09-28 3,030.40 163.10 803.40 431.60
2018-06-29 2,911.40 146.60 766.10 410.10
2018-03-30 2,785.80 129.80 739.10 390.80
2017-12-29 2,646.50 118.40 694.40 370.20
2017-09-29 2,532.20 192.00 667.30 355.10
2017-06-30 2,440.10 174.00 640.20 349.40
2017-03-31 2,389.80 162.40 627.10 350.60
2016-12-30 2,362.10 132.40 623.90 349.60
2016-09-30 2,336.40 118.70 626.20 352.00
2016-07-01 2,314.60 116.60 627.40 344.70
2016-04-01 2,290.80 106.80 622.90 337.20
2016-01-01 2,290.40 121.10 620.00 336.70
2015-10-02 2,294.50 152.90 625.90 332.10
2015-07-03 2,317.00 127.60 628.90 331.50
2015-04-03 2,373.40 179.60 626.30 328.80
2015-01-02 2,395.50 214.10 621.30 318.00
2014-10-03 2,430.92 218.30 607.41 314.84
2014-07-04 2,402.62 260.97 592.92 307.46
2014-04-04 2,336.71 237.65 572.66 302.21
2014-01-03 2,288.10 218.90 551.50 299.40
2013-09-27 2,204.43 192.04 534.27 292.52
2013-06-28 2,152.69 190.94 518.05 282.08
2013-03-29 2,093.96 190.05 503.07 269.83
2012-12-28 2,040.11 191.06 489.04 256.46
2012-09-28 1,959.76 187.28 464.92 243.28
2012-06-29 1,872.43 161.88 452.87 232.02

*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.
  • Trimble has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Trimble used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Trimble has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Trimble's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Trimble 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.

Health

 How is Trimble'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 Trimble's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trimble is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trimble's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Trimble's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x 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.
Raw Data

All data from Trimble Company Filings, last reported 3 months ago.

NasdaqGS:TRMB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-28 2,674.80 1,968.50 172.50
2018-09-28 2,648.60 2,012.70 205.40
2018-06-29 2,517.60 1,286.60 571.00
2018-03-30 2,499.90 1,122.30 274.50
2017-12-29 2,414.50 913.90 537.40
2017-09-29 2,557.40 695.80 409.20
2017-06-30 2,517.70 612.30 486.10
2017-03-31 2,420.90 648.10 422.60
2016-12-30 2,305.70 619.90 327.20
2016-09-30 2,319.70 669.80 275.60
2016-07-01 2,244.70 725.00 231.90
2016-04-01 2,286.70 674.90 174.70
2016-01-01 2,220.60 729.70 116.00
2015-10-02 2,203.20 759.40 123.60
2015-07-03 2,339.20 639.60 129.00
2015-04-03 2,340.60 663.40 145.70
2015-01-02 2,353.40 735.40 148.00
2014-10-03 2,363.67 646.74 139.48
2014-07-04 2,450.80 655.86 278.92
2014-04-04 2,353.55 664.65 165.23
2014-01-03 2,233.98 758.46 147.23
2013-09-27 2,140.15 809.06 115.26
2013-06-28 2,041.29 899.19 129.07
2013-03-29 1,965.87 920.44 143.55
2012-12-28 1,913.52 911.16 157.77
2012-09-28 1,825.05 643.11 141.84
2012-06-29 1,722.74 697.36 121.94
  • Trimble's level of debt (73.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.1% vs 73.6% today).
  • Debt is well covered by operating cash flow (24.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Trimble's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Trimble has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Trimble'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
Dividend payments
0%
Current annual income from Trimble dividends. Estimated to be 0% next year.
If you bought $2,000 of Trimble shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Trimble's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Trimble'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.
Raw Data
NasdaqGS:TRMB Annualized Past and Future Dividends
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 9 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
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.

NasdaqGS:TRMB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Trimble has not reported any payouts.
  • Unable to verify if Trimble's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Trimble's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Trimble has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Trimble's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Trimble's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Trimble afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trimble 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.

Management

 What is the CEO of Trimble's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Berglund
COMPENSATION $11,177,172
AGE 66
TENURE AS CEO 20.1 years
CEO Bio

Mr. Steven W. Berglund, also known as Steve, has been the Chief Executive Officer, President and Director of Trimble Inc. since March 1999. Mr. Berglund has diverse industry experience, including engineering, manufacturing, finance and global operations. He served as the President of Spectra Precision Inc., a unit of Spectra-Physics AB. He served manufacturing and planning roles at Varian Associates. He served for 14 years at Spectra Precision, where he held a variety of senior leadership positions. In the early 1980s, He spent a number of years at Varian Associates in Palo Alto, California, where he held a variety of planning and manufacturing roles. He began his career and served as a Process Engineer at Eastman Kodak in Rochester, New York. He has been a Director at Trimble Navigation Limited since 1999 and Belden Inc. since December 4, 2013. He serves as a Director at Nikon-Trimble Co., Ltd. He serves on the Board of Directors of World Education Services and Silicon Valley Leadership Group and is also a member of the board, as well as the construction sector board, of the Association of Equipment Manufacturers. He served as a Director of Verigy, Ltd. from January 1, 2008 to July 4, 2011. He holds a B.S. in Chemical Engineering from University of Oslo and the University of Minnesota in 1974. Mr. Berglund holds an MBA from the University of Rochester in New York in 1977.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Trimble management team in years:

3.8
Average Tenure
57
Average Age
  • The tenure for the Trimble management team is about average.
Management Team

Steve Berglund

TITLE
President
COMPENSATION
$11M
AGE
66
TENURE
20.1 yrs

Rob Painter

TITLE
CFO & Senior VP
COMPENSATION
$3M
AGE
46
TENURE
3.2 yrs

Jim Kirkland

TITLE
Senior VP
COMPENSATION
$2M
AGE
58
TENURE
10.8 yrs

Bryn Fosburgh

TITLE
Senior Vice President
COMPENSATION
$3M
AGE
55

Darryl Matthews

TITLE
Senior Vice President
COMPENSATION
$2M
AGE
50
TENURE
3.6 yrs

Leah Lambertson

TITLE
Senior VP of Operations & Chief Information Officer
TENURE
2.1 yrs

Julie Shepard

TITLE
VP of Finance & Chief Accounting Officer
COMPENSATION
$969K
AGE
60
TENURE
11.9 yrs

Michael Leyba

TITLE
Director of Investor Relations

Michael Lesyna

TITLE
Senior Vice President of Strategy & Corporate Development
COMPENSATION
$243K
AGE
57
TENURE
2.1 yrs

Mike Scarpa

TITLE
Chief Human Resources Officer & Senior VP
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the Trimble board of directors in years:

7.4
Average Tenure
59
Average Age
  • The tenure for the Trimble board of directors is about average.
Board of Directors

Ulf Johansson

TITLE
Chairman of the Board
COMPENSATION
$337K
AGE
73
TENURE
12.3 yrs

Steve Berglund

TITLE
President
COMPENSATION
$11M
AGE
66
TENURE
20.1 yrs

Mark Peek

TITLE
Independent Director
COMPENSATION
$337K
AGE
60
TENURE
9.1 yrs

Merit Janow

TITLE
Independent Director
COMPENSATION
$337K
AGE
59
TENURE
11.1 yrs

Ron Nersesian

TITLE
Independent Director
COMPENSATION
$337K
AGE
59
TENURE
7.4 yrs

Ken Gabriel

TITLE
Independent Director
COMPENSATION
$337K
AGE
62
TENURE
4.3 yrs

Meaghan Lloyd

TITLE
Independent Director
COMPENSATION
$337K
AGE
43
TENURE
3.3 yrs

Johan Wibergh

TITLE
Independent Director
COMPENSATION
$337K
AGE
55
TENURE
1.2 yrs

Sandra MacQuillan

TITLE
Independent Director
COMPENSATION
$177K
AGE
51
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • Trimble insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Mar 19 Sell Rosalind Buick Individual 04. Mar 19 04. Mar 19 -10,000 $40.50 $-405,000
04. Mar 19 Sell Ronald Bisio Individual 01. Mar 19 01. Mar 19 -9,534 $40.50 $-386,127
01. Mar 19 Sell Jürgen Kliem Individual 28. Feb 19 28. Feb 19 -7,078 $40.00 $-283,120
01. Mar 19 Sell Sachin Sankpal Individual 28. Feb 19 28. Feb 19 -9,500 $40.18 $-381,710
27. Feb 19 Sell Darryl Matthews Individual 25. Feb 19 25. Feb 19 -2,400 $40.47 $-97,128
25. Feb 19 Sell Michael Bank Individual 25. Feb 19 25. Feb 19 -14,000 $40.39 $-565,499
25. Feb 19 Sell Rosalind Buick Individual 21. Feb 19 21. Feb 19 -3,977 $39.52 $-157,153
23. Feb 19 Sell Jürgen Kliem Individual 22. Feb 19 22. Feb 19 -8,805 $40.15 $-353,521
23. Feb 19 Sell James Kirkland Individual 22. Feb 19 22. Feb 19 -6,620 $39.86 $-263,873
14. Feb 19 Sell Robert Painter Individual 12. Feb 19 12. Feb 19 -3,693 $38.81 $-143,311
06. Dec 18 Sell James Kirkland Individual 03. Dec 18 03. Dec 18 -1,584 $39.37 $-62,362
27. Nov 18 Sell Darryl Matthews Individual 26. Nov 18 26. Nov 18 -2,400 $37.22 $-89,308
14. Sep 18 Sell Sachin Sankpal Individual 12. Sep 18 12. Sep 18 -3,151 $43.02 $-135,556
11. Sep 18 Sell Darryl Matthews Individual 07. Sep 18 07. Sep 18 -1,833 $42.49 $-77,877
27. Aug 18 Sell James Kirkland Individual 23. Aug 18 23. Aug 18 -8,530 $40.55 $-345,849
06. Aug 18 Sell Jürgen Kliem Individual 02. Aug 18 03. Aug 18 -7,317 $41.00 $-291,987
06. Aug 18 Sell Julie Shepard Individual 03. Aug 18 03. Aug 18 -12,448 $40.11 $-499,312
06. Aug 18 Sell Bryn Fosburgh Individual 03. Aug 18 03. Aug 18 -38,195 $40.21 $-1,535,821
06. Jun 18 Sell James Kirkland Individual 05. Jun 18 05. Jun 18 -7,200 $34.96 $-251,712
29. May 18 Sell Jürgen Kliem Individual 24. May 18 24. May 18 -2,649 $34.61 $-91,682
21. May 18 Sell Kaigham Gabriel Individual 17. May 18 17. May 18 -6,000 $34.98 $-209,880
X
Management checks
We assess Trimble's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Trimble 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.

News

Simply Wall St News

What Does Trimble Inc.'s (NASDAQ:TRMB) P/E Ratio Tell You?

We'll apply a basic P/E ratio analysis to Trimble Inc.'s (NASDAQ:TRMB), to help you decide if the stock is worth further research. … How Do I Calculate Trimble's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Need To Know: Trimble Inc. (NASDAQ:TRMB) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Trimble Inc. … That means that an insider was selling shares at below the current price (US$40.69). … As a general rule we consider it to be discouraging when insiders are selling below the current price.

Simply Wall St -

Why Trimble Inc.’s (NASDAQ:TRMB) Return On Capital Employed Looks Uninspiring

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What does Trimble Inc.'s (NASDAQ:TRMB) Balance Sheet Tell Us About Its Future?

its financial health remains the key to continued success. … This article will examine Trimble’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

How Should Investors Feel About Trimble Inc.'s (NASDAQ:TRMB) CEO Pay?

This analysis aims first to contrast CEO compensation with other large companies. … Next, we'll consider growth that the business demonstrates. … How Does Steve Berglund's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Trimble Inc. (NASDAQ:TRMB) Expensive For A Reason? A Look At The Intrinsic Value

by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

With A 6.2% Return On Equity, Is Trimble Inc. (NASDAQ:TRMB) A Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.062 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do You Know Trimble Inc.’s (NASDAQ:TRMB) Cash Situation?

Today we will examine Trimble’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Trimble’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of Trimble’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Have Insiders Been Selling Trimble Inc (NASDAQ:TRMB) Shares?

So before you buy or sell Trimble Inc (NASDAQ:TRMB), you may well want to know whether insiders have been buying or selling. … So we know that an insider sold shares at around the present share price of US$35.49. … We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price.

Simply Wall St -

Here's What Trimble Inc's (NASDAQ:TRMB) P/E Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Trimble Inc's (NASDAQ:TRMB) P/E ratio and reflect on what it tells us about the company's share price. … Trimble has a price to earnings ratio of 55.76, based on the last twelve months.

Simply Wall St -

Company Info

Description

Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; and integrated workplace management services software. This segment serves architects, engineers, contractors, owners, and operators. The Geospatial segment provides surveying and geospatial products and services to the construction, engineering, mining, oil and gas, energy and utilities, government, and land management sectors; and geographic information systems. The Resources and Utilities segment offers precision agriculture products and services that consist of guidance and positioning systems, automated and variable-rate application and technology systems, and information management solutions primarily to customers working in agriculture, forestry, and utilities. The Transportation segment offers a suite of solutions under the Trimble, PeopleNet, GEOTrac, TMW, ISE, Punch, Veltec, and Trimble MAPS brands to customers working in long haul trucking, field service management, rail, and military aviation. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Sunnyvale, California.

Details
Name: Trimble Inc.
TRMB
Exchange: NasdaqGS
Founded: 1978
$10,230,017,611
252,343,799
Website: http://www.trimble.com
Address: Trimble Inc.
935 Stewart Drive,
Sunnyvale,
California, 94085,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TRMB Common Stock Nasdaq Global Select US USD 20. Jul 1990
DB TB5 Common Stock Deutsche Boerse AG DE EUR 20. Jul 1990
BMV TRMB * Common Stock Bolsa Mexicana de Valores MX MXN 20. Jul 1990
Number of employees
Current staff
Staff numbers
11,287
Trimble employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 23:46
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/28
Last annual earnings reported: 2018/12/28


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.