NasdaqGS:TRMB

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Solid track record with mediocre 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


Market Performance


7 Day Return

-3.7%

TRMB

-2.3%

US Electronic

-0.6%

US Market


1 Year Return

-11.6%

TRMB

-2.8%

US Electronic

0.7%

US Market

TRMB underperformed the Electronic industry which returned -2.9% over the past year.

TRMB underperformed the Market in United States of America which returned 0.7% over the past year.


Share holder returns

TRMBIndustryMarket
7 Day-3.7%-2.3%-0.6%
30 Day5.1%7.8%4.9%
90 Day-11.7%0.7%1.7%
1 Year-11.6%-11.6%-1.8%-2.8%3.0%0.7%
3 Year37.9%37.9%49.7%45.5%44.8%35.4%
5 Year25.0%25.0%70.0%61.5%62.0%44.3%

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

3 weeks ago | Simply Wall St

Calculating The Fair Value Of Trimble Inc. (NASDAQ:TRMB)

Valuation

Is Trimble undervalued based on future cash flows and its price relative to the stock market?

30.55x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Trimble's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Trimble's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Trimble is poor value based on expected growth next year.


Price Based on Value of Assets

Trimble is overvalued based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

How is Trimble expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Trimble's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).

Trimble's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).

Trimble's revenue growth is positive but not above the United States of America market average.

Trimble's earnings growth is positive but not above the United States of America market average.

Trimble's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Trimble is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Trimble performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Trimble's year on year earnings growth rate has been positive over the past 5 years.

Trimble's 1-year earnings growth exceeds its 5-year average (120.6% vs 5.8%)

Trimble's earnings growth has exceeded the US Electronic industry average in the past year (120.6% vs 49.8%).


Return on Equity

Trimble has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Trimble used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Trimble has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Trimble's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Trimble's level of debt (61.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (26.8% vs 61.7% today).

Debt is well covered by operating cash flow (31.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.6x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Steve Berglund (67yo)

20.5yrs

Tenure

US$11,177,172

Compensation

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 engineeri ...


CEO Compensation Analysis

Steve's remuneration is about average for companies of similar size in United States of America.

Steve's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.2yrs

Average Tenure

58yo

Average Age

The tenure for the Trimble management team is about average.


Board Age and Tenure

7.8yrs

Average Tenure

60yo

Average Age

The tenure for the Trimble board of directors is about average.


Insider Trading

Trimble individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$102,61710 Sep 19
James Kirkland
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares2,700
Max PriceUS$38.03
SellUS$37,62210 Sep 19
Ronald Bisio
EntityIndividual
Shares985
Max PriceUS$38.20
SellUS$254,48311 Jun 19
Ronald Bisio
EntityIndividual
Shares6,000
Max PriceUS$42.41
SellUS$372,37207 Jun 19
Thomas Fansler
EntityIndividual
Shares9,000
Max PriceUS$41.37
SellUS$324,71206 Jun 19
Merit Janow
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares8,000
Max PriceUS$40.59
SellUS$143,60320 May 19
Kaigham Gabriel
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,500
Max PriceUS$41.03
SellUS$205,47520 May 19
James Kirkland
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares5,000
Max PriceUS$41.10
SellUS$4,215,13010 May 19
Steven Berglund
EntityIndividual
Role
Chief Executive Officer
President
Shares100,000
Max PriceUS$42.15
SellUS$405,00005 Mar 19
Rosalind Buick
EntityIndividual
Shares10,000
Max PriceUS$40.50
SellUS$386,12704 Mar 19
Ronald Bisio
EntityIndividual
Shares9,534
Max PriceUS$40.50
SellUS$283,12001 Mar 19
Jürgen Kliem
EntityIndividual
Shares7,078
Max PriceUS$40.00
SellUS$381,71001 Mar 19
Sachin Sankpal
EntityIndividual
Shares9,500
Max PriceUS$40.18
SellUS$97,12827 Feb 19
Darryl Matthews
EntityIndividual
Role
Senior Key Executive
Senior Vice President
Shares2,400
Max PriceUS$40.47
SellUS$157,15325 Feb 19
Rosalind Buick
EntityIndividual
Shares3,977
Max PriceUS$39.52
SellUS$565,49925 Feb 19
Michael Bank
EntityIndividual
Shares14,000
Max PriceUS$40.39
SellUS$353,52123 Feb 19
Jürgen Kliem
EntityIndividual
Shares8,805
Max PriceUS$40.15
SellUS$263,87323 Feb 19
James Kirkland
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares6,620
Max PriceUS$39.86
SellUS$143,31114 Feb 19
Robert Painter
EntityIndividual
Role
Chief Financial Officer
CFO & Senior VP
Shares3,693
Max PriceUS$38.81
SellUS$62,36206 Dec 18
James Kirkland
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares1,584
Max PriceUS$39.37
SellUS$89,30827 Nov 18
Darryl Matthews
EntityIndividual
Role
Senior Key Executive
Senior Vice President
Shares2,400
Max PriceUS$37.22

Ownership Breakdown


Management Team

  • Steve Berglund (67yo)

    President

    • Tenure: 20.5yrs
    • Compensation: US$11.18m
  • Michael Lesyna (58yo)

    Senior Vice President of Strategy & Corporate Development

    • Tenure: 2.5yrs
    • Compensation: US$242.74k
  • Bryn Fosburgh (56yo)

    Senior Vice President

    • Tenure: 0yrs
    • Compensation: US$2.60m
  • Jim Kirkland (59yo)

    Senior VP

    • Tenure: 11.2yrs
    • Compensation: US$2.03m
  • Julie Shepard (61yo)

    VP of Finance & Chief Accounting Officer

    • Tenure: 12.3yrs
    • Compensation: US$968.58k
  • Darryl Matthews (51yo)

    Senior Vice President

    • Tenure: 4yrs
    • Compensation: US$2.12m
  • Leah Lambertson

    Senior VP of Operations & Chief Information Officer

    • Tenure: 2.5yrs
  • Mike Scarpa

    Chief Human Resources Officer & Senior VP

    • Tenure: 4.4yrs
  • Rob Painter (47yo)

    CFO & Senior VP

    • Tenure: 3.6yrs
    • Compensation: US$2.93m
  • Michael Leyba

    Director of Investor Relations

    • Tenure: 0yrs

Board Members

  • Steve Berglund (67yo)

    President

    • Tenure: 20.5yrs
    • Compensation: US$11.18m
  • Ron Nersesian (60yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$337.01k
  • Mark Peek (61yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: US$337.01k
  • Ulf Johansson (74yo)

    Chairman of the Board

    • Tenure: 12.7yrs
    • Compensation: US$337.01k
  • Ken Gabriel (63yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$337.01k
  • Merit Janow (60yo)

    Independent Director

    • Tenure: 11.5yrs
    • Compensation: US$337.01k
  • Johan Wibergh (56yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$337.01k
  • Meaghan Lloyd (44yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$337.01k
  • Sandra Macquillan (52yo)

    Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$176.58k

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$9.709b
  • Shares outstanding: 251.79m
  • Website: https://www.trimble.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRMBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 1990
TB5DB (Deutsche Boerse AG)YesCommon StockDEEURJul 1990
TRMB *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJul 1990

Biography

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 In ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 23:39
End of Day Share Price2019/09/20 00:00
Earnings2019/06/28
Annual Earnings2018/12/28


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.