Trimble
Market Cap
US$10.5b
Last Updated
2020/06/04 02:55 UTC
Data Sources
Company Financials +
Executive Summary
Trimble Inc. provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with imperfect balance sheet.
Similar Companies
Share Price & News
How has Trimble's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRMB's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.5%
TRMB
3.8%
US Electronic
2.4%
US Market
1 Year Return
1.1%
TRMB
9.3%
US Electronic
9.2%
US Market
Return vs Industry: TRMB underperformed the US Electronic industry which returned 6.8% over the past year.
Return vs Market: TRMB underperformed the US Market which returned 8.5% over the past year.
Shareholder returns
| TRMB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 3.8% | 2.4% |
| 30 Day | 28.6% | 15.8% | 10.2% |
| 90 Day | 5.6% | 6.9% | 3.4% |
| 1 Year | 1.1%1.1% | 10.4%9.3% | 11.6%9.2% |
| 3 Year | 14.8%14.8% | 20.3%17.0% | 33.7%24.9% |
| 5 Year | 82.8%82.8% | 63.8%55.9% | 59.7%41.8% |
Price Volatility Vs. Market
How volatile is Trimble's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
How Much Of Trimble Inc. (NASDAQ:TRMB) Do Institutions Own?1 month ago | Simply Wall St
Should You Think About Buying Trimble Inc. (NASDAQ:TRMB) Now?1 month ago | Simply Wall St
Calculating The Intrinsic Value Of Trimble Inc. (NASDAQ:TRMB)Valuation
Is Trimble undervalued compared to its fair value and its price relative to the market?
20.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRMB ($42.22) is trading above our estimate of fair value ($35.82)
Significantly Below Fair Value: TRMB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRMB is poor value based on its PE Ratio (20.6x) compared to the Electronic industry average (19.5x).
PE vs Market: TRMB is poor value based on its PE Ratio (20.6x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: TRMB is poor value based on its PEG Ratio (9.5x)
Price to Book Ratio
PB vs Industry: TRMB is overvalued based on its PB Ratio (3.4x) compared to the US Electronic industry average (1.8x).
Next Steps
Future Growth
How is Trimble forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
2.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRMB's forecast earnings growth (2.2% per year) is below the savings rate (2.2%).
Earnings vs Market: TRMB's earnings (2.2% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: TRMB's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRMB's revenue (8% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: TRMB's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRMB's Return on Equity is forecast to be low in 3 years time (15%).
Next Steps
Past Performance
How has Trimble performed over the past 5 years?
28.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRMB has high quality earnings.
Growing Profit Margin: TRMB's current net profit margins (15.8%) are higher than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: TRMB's earnings have grown significantly by 28.9% per year over the past 5 years.
Accelerating Growth: TRMB's earnings growth over the past year (78.1%) exceeds its 5-year average (28.9% per year).
Earnings vs Industry: TRMB earnings growth over the past year (78.1%) exceeded the Electronic industry -8%.
Return on Equity
High ROE: TRMB's Return on Equity (16.6%) is considered low.
Next Steps
Financial Health
How is Trimble's financial position?
Financial Position Analysis
Short Term Liabilities: TRMB's short term assets ($1.2B) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: TRMB's short term assets ($1.2B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: TRMB's debt to equity ratio (62.7%) is considered high.
Reducing Debt: TRMB's debt to equity ratio has increased from 28.3% to 62.7% over the past 5 years.
Debt Coverage: TRMB's debt is well covered by operating cash flow (30.5%).
Interest Coverage: TRMB's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Trimble's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TRMB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TRMB'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 TRMB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRMB'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 TRMB'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?
1.0yrs
Average management tenure
CEO
Rob Painter (47yo)
0.42
Tenure
US$2,797,353
Compensation
Mr. Robert G. Painter, also known as Rob, is the Chief Executive Officer, President and Director of Trimble Inc. since January 4, 2020. He served as the Chief Financial Officer at Trimble Inc. (also know a ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD2.80M) is below average for companies of similar size in the US market ($USD11.58M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.42yr | US$9.68m | 0.24% $25.8m | |
| CEO, President & Director | 0.42yr | US$2.80m | 0.031% $3.2m | |
| Senior Vice President | no data | US$2.11m | 0.031% $3.3m | |
| Senior Vice President | 4.75yrs | US$1.76m | 0.010% $1.1m | |
| Senior Vice President | 1.33yrs | US$1.76m | 0.0094% $991.2k | |
| Chief Financial Officer | 0.42yr | no data | no data | |
| Senior VP of Operations & Chief Information Officer | 3.25yrs | no data | no data | |
| VP of Finance & Chief Accounting Officer | 13.08yrs | US$968.58k | 0.0087% $921.6k | |
| Senior VP & Chief Technology Officer | 0.75yr | no data | 0.0049% $518.8k | |
| Director of Investor Relations | no data | no data | no data |
1.0yrs
Average Tenure
57yo
Average Age
Experienced Management: TRMB's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.42yr | US$9.68m | 0.24% $25.8m | |
| CEO, President & Director | 0.42yr | US$2.80m | 0.031% $3.2m | |
| Independent Director | 0.42yr | US$30.00k | 0.015% $1.5m | |
| Independent Director | 8.58yrs | US$336.97k | 0.016% $1.6m | |
| Lead Independent Director | no data | US$336.97k | 0.025% $2.6m | |
| Independent Director | 5.42yrs | US$336.97k | 0.0062% $648.5k | |
| Independent Director | 12.25yrs | US$336.97k | 0.015% $1.6m | |
| Independent Director | 2.33yrs | US$336.97k | 0.0054% $570.5k | |
| Independent Director | 4.42yrs | US$336.97k | 0.014% $1.4m | |
| Independent Director | 1.67yrs | US$336.97k | 0.0042% $438.7k |
2.3yrs
Average Tenure
58yo
Average Age
Experienced Board: TRMB's board of directors are not considered experienced ( 2.3 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: TRMB 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
Trimble Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Trimble Inc.
- Ticker: TRMB
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$10.545b
- Shares outstanding: 249.76m
- Website: https://www.trimble.com
Number of Employees
Location
- Trimble Inc.
- 935 Stewart Drive
- Sunnyvale
- California
- 94085
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRMB | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 1990 |
| TB5 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1990 |
| TRMB * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jul 1990 |
Biography
Trimble Inc. provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide. It operates through 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; cost estimating, scheduling, and project controls solutions; applications for sub-contractors and trades; and an integrated workplace management software. The Geospatial segment provides surveying and geospatial products, and geographic information systems. The Resources and Utilities segment offers precision agriculture products and services, such as guidance and positioning systems, automated and variable-rate application and technology systems, and information management solutions. This segment provides manual and automated navigation guidance for tractors and other farm equipment; solutions to automate application of pesticide and seeding; water solutions; Farmer Core, a software subscription that enables farmers to connect their farm operation; and forestry solutions for forest management, traceability, and timber processing. The Transportation segment offers solutions for long haul trucking, field service management, rail, and construction logistics industries, as well as transportation management, analytics, routing, mapping, reporting, and predictive modeling solution under Trimble brand name. 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 02:55 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2020/04/03 |
| Annual Earnings | 2020/01/03 |
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.