Trimble (NasdaqGS:TRMB) - Share price, News & Analysis

TRMB fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

TRMB Stock Overview

Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide.

Rewards

Trading at 32.8% below our estimate of its fair value

Earnings are forecast to grow 15.39% per year

Earnings have grown 26.6% per year over the past 5 years

Risk Analysis

TRMB passed our risk checks.

Trimble Competitors

Zebra Technologies

NasdaqGS:ZBRA

US$16.9b

FARO Technologies

NasdaqGS:FARO

US$560.8m

Apple

NasdaqGS:AAPL

US$2.3t

Alphabet

NasdaqGS:GOOGL

US$1.4t

Price History & Performance

Summary of all time highs, changes and price drops for Trimble
Historical stock prices
Current Share Price	US$65.55
52 Week High	US$96.49
52 Week Low	US$59.89
Beta	1.53
1 Month Change	-4.27%
3 Month Change	-2.99%
1 Year Change	-16.13%
3 Year Change	64.45%
5 Year Change	81.88%
Change since IPO	3,690.85%

Recent News & Updates

May 14

Trimble Stock: A Real Asset Software And Data Analytics Powerhouse On Sale

TRMB provides the digital backbone for a wide array of real assets. It has a commanding market presence in many of its business segments. It is a wonderful company trading at a very attractive valuation.

Apr 29

Trimble Shares Have Gotten Too Cheap To Ignore

Trimble's valuation has become quite compelling, and while it might not look like a value stock it is important to remember that this is considered a growth stock. Despite the moderating growth, we continue to see shares as undervalued, and believe current prices offer attractive entry point. With the increased focus on resource use reduction, sustainability, and the new markets Trimble is starting to serve, we see a long growth runway for the company.

Shareholder Returns

	TRMB	US Electronic	US Market
7D	1.2%	-0.8%	1.0%
1Y	-16.1%	-16.3%	-15.1%

Return vs Industry: TRMB matched the US Electronic industry which returned -16.2% over the past year.

Return vs Market: TRMB underperformed the US Market which returned -13.2% over the past year.

Price Volatility

Is TRMB's price volatile compared to industry and market?
TRMB volatility
TRMB Average Weekly Movement	6.0%
Electronic Industry Average Movement	7.7%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: TRMB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TRMB's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1978	11,931	Rob Painter	https://www.trimble.com

Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company’s Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades. Its Geospatial segment provides surveying and geospatial products, and geographic information systems.

Trimble Fundamentals Summary

How do Trimble's earnings and revenue compare to its market cap?
TRMB fundamental statistics
Market Cap	US$16.40b
Earnings (TTM)	US$488.50m
Revenue (TTM)	US$3.77b

33.6x

P/E Ratio

4.4x

P/S Ratio

Is TRMB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRMB income statement (TTM)
Revenue	US$3.77b
Cost of Revenue	US$1.59b
Gross Profit	US$2.18b
Other Expenses	US$1.69b
Earnings	US$488.50m

Last Reported Earnings

Apr 01, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.95
Gross Margin	57.86%
Net Profit Margin	12.97%
Debt/Equity Ratio	32.4%

How did TRMB perform over the long term?

See historical performance and comparison

Valuation

Is Trimble undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

32.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TRMB ($65.55) is trading below our estimate of fair value ($97.53)

Significantly Below Fair Value: TRMB is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: TRMB is poor value based on its Price-To-Earnings Ratio (33.6x) compared to the US Electronic industry average (16.1x).

PE vs Market: TRMB is poor value based on its Price-To-Earnings Ratio (33.6x) compared to the US market (14.9x).

Price to Earnings Growth Ratio

PEG Ratio: TRMB is poor value based on its PEG Ratio (2.2x)

Price to Book Ratio

PB vs Industry: TRMB is overvalued based on its Price-To-Book Ratio (4.1x) compared to the US Electronic industry average (1.8x).

Future Growth

How is Trimble forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

15.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRMB's forecast earnings growth (15.4% per year) is above the savings rate (1.9%).

Earnings vs Market: TRMB's earnings (15.4% per year) are forecast to grow faster than the US market (12.1% per year).

High Growth Earnings: TRMB's earnings are forecast to grow, but not significantly.

Revenue vs Market: TRMB's revenue (7.6% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: TRMB's revenue (7.6% 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 (16.3%).

Past Performance

How has Trimble performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

26.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TRMB has high quality earnings.

Growing Profit Margin: TRMB's current net profit margins (13%) are lower than last year (13.6%).

Past Earnings Growth Analysis

Earnings Trend: TRMB's earnings have grown significantly by 26.6% per year over the past 5 years.

Accelerating Growth: TRMB's earnings growth over the past year (10.5%) is below its 5-year average (26.6% per year).

Earnings vs Industry: TRMB earnings growth over the past year (10.5%) underperformed the Electronic industry 34.4%.

Return on Equity

High ROE: TRMB's Return on Equity (12.2%) is considered low.

Financial Health

How is Trimble's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TRMB's short term assets ($1.6B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: TRMB's short term assets ($1.6B) do not cover its long term liabilities ($1.9B).

Debt to Equity History and Analysis

Debt Level: TRMB's net debt to equity ratio (23.5%) is considered satisfactory.

Reducing Debt: TRMB's debt to equity ratio has increased from 26.7% to 32.4% over the past 5 years.

Debt Coverage: TRMB's debt is well covered by operating cash flow (52.2%).

Interest Coverage: TRMB's interest payments on its debt are well covered by EBIT (9.5x coverage).

Balance Sheet

Dividend

What is Trimble current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TRMB has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure

CEO

Rob Painter (49 yo)

2.33yrs

Tenure

US$13,956,821

Compensation

Mr. Robert G. Painter, also known as Rob, has been Chief Executive Officer, President and Director of Trimble Inc. (also known as Trimble Outdoors) since January 4, 2020. He served as the Chief Financial O...

CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD13.96M) is about average for companies of similar size in the US market ($USD13.26M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: TRMB's management team is considered experienced (2.5 years average tenure).

Board Members

Experienced Board: TRMB's board of directors are considered experienced (3.6 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: TRMB insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/04/01
Annual Earnings	2021/12/31