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TRMB

Trimble NasdaqGS:TRMB Stock Report

Last Price

US$65.55

Market Cap

US$16.4b

7D

1.2%

1Y

-16.1%

Updated

25 May, 2022

Data

Company Financials +
TRMB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends0/6

TRMB Stock Overview

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

Trimble Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Trimble
Historical stock prices
Current Share PriceUS$65.55
52 Week HighUS$96.49
52 Week LowUS$59.89
Beta1.53
1 Month Change-4.27%
3 Month Change-2.99%
1 Year Change-16.13%
3 Year Change64.45%
5 Year Change81.88%
Change since IPO3,690.85%

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

TRMBUS ElectronicUS Market
7D1.2%-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 Movement6.0%
Electronic Industry Average Movement7.7%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

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

FoundedEmployeesCEOWebsite
197811,931Rob Painterhttps://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 CapUS$16.40b
Earnings (TTM)US$488.50m
Revenue (TTM)US$3.77b

33.6x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRMB income statement (TTM)
RevenueUS$3.77b
Cost of RevenueUS$1.59b
Gross ProfitUS$2.18b
Other ExpensesUS$1.69b
EarningsUS$488.50m

Last Reported Earnings

Apr 01, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.95
Gross Margin57.86%
Net Profit Margin12.97%
Debt/Equity Ratio32.4%

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.


Top Shareholders

Company Information

Trimble Inc.'s 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
  • Implied Market Cap: US$16.397b
  • Shares outstanding: 250.14m
  • Website: https://www.trimble.com

Number of Employees


Location

  • Trimble Inc.
  • 935 Stewart Drive
  • Sunnyvale
  • California
  • 94085
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2022/04/01
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.