Trimble
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 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Trimble.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Trimble'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Trimble'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)
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
Past Earnings growth analysis
- 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
All data from Trimble Company Filings, last reported 3 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 |
|---|---|---|---|---|
| 2018-12-28 | 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).
Past performance checks
We assess Trimble'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 Electronic 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)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Trimble Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Trimble'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) Trimble has a total score of 3/6, 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.
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
If you bought
$2,000 of
Trimble
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Trimble'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 Trimble afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) 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
CEO
| 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:
- The tenure for the Trimble management team is about average.
Management Team
Steve Berglund
President
$11M
66
20.1 yrs
Rob Painter
CFO & Senior VP
$3M
46
3.2 yrs
Jim Kirkland
Senior VP
$2M
58
10.8 yrs
Bryn Fosburgh
Senior Vice President
$3M
55
Darryl Matthews
Senior Vice President
$2M
50
3.6 yrs
Leah Lambertson
Senior VP of Operations & Chief Information Officer
2.1 yrs
Julie Shepard
VP of Finance & Chief Accounting Officer
$969K
60
11.9 yrs
Michael Leyba
Director of Investor Relations
Michael Lesyna
Senior Vice President of Strategy & Corporate Development
$243K
57
2.1 yrs
Mike Scarpa
Chief Human Resources Officer & Senior VP
4 yrs
Board of Directors Tenure
Average tenure and age of the Trimble board of directors in years:
- The tenure for the Trimble board of directors is about average.
Board of Directors
Ulf Johansson
Chairman of the Board
$337K
73
12.3 yrs
Steve Berglund
President
$11M
66
20.1 yrs
Mark Peek
Independent Director
$337K
60
9.1 yrs
Merit Janow
Independent Director
$337K
59
11.1 yrs
Ron Nersesian
Independent Director
$337K
59
7.4 yrs
Ken Gabriel
Independent Director
$337K
62
4.3 yrs
Meaghan Lloyd
Independent Director
$337K
43
3.3 yrs
Johan Wibergh
Independent Director
$337K
55
1.2 yrs
Sandra MacQuillan
Independent Director
$177K
51
0.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Trimble'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) 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 - – Full articleNeed 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 - – Full articleWhy 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 - – Full articleWhat 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 - – Full articleHow 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 - – Full articleIs 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 - – Full articleWith 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 - – Full articleDo 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 - – Full articleHave 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 - – Full articleHere'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 - – Full articleCompany 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
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.
