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

-0.4%

TRMB

1.0%

US Electronic

1.0%

US Market


1 Year Return

-1.4%

TRMB

11.0%

US Electronic

6.7%

US Market

Return vs Industry: TRMB underperformed the US Electronic industry which returned 11% over the past year.

Return vs Market: TRMB underperformed the US Market which returned 6.7% over the past year.


Share holder returns

TRMBIndustryMarket
7 Day-0.4%1.0%1.0%
30 Day-5.3%-2.1%-1.8%
90 Day-14.7%0.5%-1.8%
1 Year-1.4%-1.4%12.1%11.0%9.1%6.7%
3 Year30.6%30.6%53.2%48.9%46.1%36.6%
5 Year31.0%31.0%84.0%74.9%66.9%48.6%

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

Valuation

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

30.03x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: TRMB ($37.9) is trading above our estimate of fair value ($33.19)

Significantly Undervalued: TRMB is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: TRMB is poor value based on its PE Ratio (30x) compared to the Electronic industry average (19x).

PE vs Market: TRMB is poor value based on its PE Ratio (30x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: TRMB is poor value based on its PEG Ratio (2.5x)


Price Based on Value of Assets

PB vs Industry: TRMB is overvalued based on its PB Ratio (3.4x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

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

12.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: TRMB's forecast earnings growth (12.1% per year) is above the savings rate (2.7%).

Earnings vs Market: TRMB's earnings (12.1% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: TRMB's revenue (5.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: TRMB's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: TRMB's Return on Equity is forecast to be low in 3 years time (16.9%).


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

Earnings Trend: TRMB's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: TRMB's earnings growth over the past year (120.6%) exceeds its 5-year average (5.8% per year).

Earnings vs Industry: TRMB earnings growth over the past year (120.6%) exceeded the Electronic industry 58.6%.


Return on Equity

High ROE: TRMB's Return on Equity (11.2%) is considered low.


Return on Assets

ROA vs Industry: TRMB has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: TRMB has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Trimble's financial position?


Financial Position Analysis

Short Term Liabilities: TRMB's short term assets ($1.1B) exceeds its short term liabilities ($1.1B)

Long Term Liabilities: TRMB's short term assets (1.1B) do not cover its long term liabilities (2.0B)


Debt to Equity History and Analysis

Debt Level: TRMB's debt to equity ratio (61.7%) is considered high

Reducing Debt: TRMB's debt to equity ratio has increased from 26.8% to 61.7% over the past 5 years.

Debt Coverage: TRMB's debt is well covered by operating cash flow (31.2%).

Interest Coverage: TRMB's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet

Inventory Level: TRMB has a low level of unsold assets or inventory.

Debt Coverage by Assets: TRMB's 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 vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.5%forecastin3Years0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate TRMB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TRMB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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

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

3.9yrs

Average management tenure


CEO

Steve Berglund (67yo)

20.6yrs

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

Compensation vs. Market: Steve's total compensation ($USD11.18M) is about average for companies of similar size in the US market ($USD6.81M).

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


Management Age and Tenure

3.9yrs

Average Tenure

58.5yo

Average Age

Experienced Management: TRMB's management team is considered experienced (3.9 years average tenure).


Board Age and Tenure

7.9yrs

Average Tenure

60yo

Average Age

Experienced Board: TRMB's board of directors are considered experienced (7.9 years average tenure).


Insider Trading

Insider Buying: TRMB 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
Role
Chief Technology Officer
Senior VP & Chief Technology Officer
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$565,49925 Feb 19
Michael Bank
EntityIndividual
Shares14,000
Max PriceUS$40.39
SellUS$157,15325 Feb 19
Rosalind Buick
EntityIndividual
Shares3,977
Max PriceUS$39.52
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: 20.6yrs
    • Compensation: US$11.18m
  • Michael Lesyna (58yo)

    Senior Vice President of Strategy & Corporate Development

    • Tenure: 2.6yrs
    • Compensation: US$242.74k
  • Bryn Fosburgh (56yo)

    Senior Vice President

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

    Senior VP

    • Tenure: 11.3yrs
    • Compensation: US$2.03m
  • Julie Shepard (61yo)

    VP of Finance & Chief Accounting Officer

    • Tenure: 12.4yrs
    • Compensation: US$968.58k
  • Tom Fansler (62yo)

    Senior VP & Chief Technology Officer

    • Tenure: 0.08yrs
  • Darryl Matthews (51yo)

    Senior Vice President

    • Tenure: 4.1yrs
    • Compensation: US$2.12m
  • Leah Lambertson

    Senior VP of Operations & Chief Information Officer

    • Tenure: 2.6yrs
  • Rob Painter (47yo)

    CFO & Senior VP

    • Tenure: 3.7yrs
    • Compensation: US$2.93m
  • Michael Leyba

    Director of Investor Relations

    • Tenure: 0yrs

Board Members

  • Steve Berglund (67yo)

    President

    • Tenure: 20.6yrs
    • Compensation: US$11.18m
  • Ron Nersesian (60yo)

    Independent Director

    • Tenure: 7.9yrs
    • Compensation: US$337.01k
  • Mark Peek (61yo)

    Independent Director

    • Tenure: 9.6yrs
    • Compensation: US$337.01k
  • Ulf Johansson (74yo)

    Independent Chairman of the Board

    • Tenure: 12.8yrs
    • Compensation: US$337.01k
  • Ken Gabriel (63yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$337.01k
  • Merit Janow (60yo)

    Independent Director

    • Tenure: 11.6yrs
    • Compensation: US$337.01k
  • Johan Wibergh (56yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$337.01k
  • Meaghan Lloyd (44yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$337.01k
  • Sandra Macquillan (52yo)

    Independent Director

    • Tenure: 1yrs
    • 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$9.543b
  • 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 Analysis2019/10/14 01:29
End of Day Share Price2019/10/11 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.

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