NasdaqGS:TRMB

Stock Analysis Report

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Executive Summary

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


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.6%

TRMB

-1.8%

US Electronic

-1.1%

US Market


1 Year Return

21.8%

TRMB

6.6%

US Electronic

15.0%

US Market

Return vs Industry: TRMB exceeded the US Electronic industry which returned 7.1% over the past year.

Return vs Market: TRMB exceeded the US Market which returned 15.6% over the past year.


Shareholder returns

TRMBIndustryMarket
7 Day-5.6%-1.8%-1.1%
30 Day-1.7%6.3%2.9%
90 Day5.1%5.7%5.7%
1 Year21.8%21.8%7.7%6.6%17.6%15.0%
3 Year18.6%18.6%17.5%14.0%38.9%29.7%
5 Year107.2%107.2%79.5%71.0%78.4%58.4%

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 compared to its fair value and its price relative to the market?

24.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TRMB ($50.66) is trading above our estimate of fair value ($30.59)

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 (26.3x) compared to the US Electronic industry average (26x).

PE vs Market: TRMB is poor value based on its PE Ratio (26.3x) compared to the US market (18.9x).


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 PB Ratio (3.9x) compared to the US Electronic industry average (2.2x).


Next Steps

Future Growth

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

12.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRMB's forecast earnings growth (12.1% per year) is above the savings rate (2.2%).

Earnings vs Market: TRMB's earnings (12.1% per year) are forecast to grow slower than the US market (22.2% per year).

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

Revenue vs Market: TRMB's revenue (7.7% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: TRMB's revenue (7.7% 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 (14.4%).


Next Steps

Past Performance

How has Trimble performed over the past 5 years?

32.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRMB has high quality earnings.

Growing Profit Margin: TRMB's current net profit margins (15.4%) are higher than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: TRMB's earnings have grown significantly by 32.7% per year over the past 5 years.

Accelerating Growth: TRMB's earnings growth over the past year (52%) exceeds its 5-year average (32.7% per year).

Earnings vs Industry: TRMB earnings growth over the past year (52%) exceeded the Electronic industry -18%.


Return on Equity

High ROE: TRMB's Return on Equity (15%) is considered low.


Next Steps

Financial Health

How is Trimble's financial position?


Financial Position Analysis

Short Term Liabilities: TRMB's short term assets ($1.1B) do not cover its short term liabilities ($1.2B).

Long Term Liabilities: TRMB's short term assets ($1.1B) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: TRMB's debt to equity ratio (56.1%) is considered high.

Reducing Debt: TRMB's debt to equity ratio has increased from 27.5% to 56.1% 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 (5.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Trimble 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?

3.6yrs

Average management tenure


CEO

Rob Painter (48 yo)

0.75

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 ($USD2.80M) is below average for companies of similar size in the US market ($USD11.18M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Steven Berglund
Executive Chairman0.75yrUS$9.68m0.24%
$ 28.3m
Robert Painter
CEO, President & Director0.75yrUS$2.80m0.030%
$ 3.6m
Bryn Fosburgh
Senior Vice Presidentno dataUS$2.11m0.031%
$ 3.7m
Darryl Matthews
Senior Vice President5.08yrsUS$1.76m0.0096%
$ 1.2m
David Barnes
CFO & Senior VP0.75yrno datano data
Leah Lambertson
Senior VP of Operations & Head of Sustainability3.58yrsno datano data
Julie Shepard
VP of Finance & Chief Accounting Officer13.42yrsUS$968.58k0.0087%
$ 1.0m
Thomas Fansler
Senior VP & Chief Technology Officer1.08yrsno data0.0049%
$ 588.2k
Michael Leyba
Director of Investor Relationsno datano datano data
James Kirkland
Senior VP12.25yrsUS$2.03m0.021%
$ 2.5m
Michael Lesyna
Senior Vice President of Strategy & Corporate Development3.58yrsUS$242.74kno data
Jaime Nielsen
Chief People Officerno datano datano data

3.6yrs

Average Tenure

59yo

Average Age

Experienced Management: TRMB's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Berglund
Executive Chairman0.75yrUS$9.68m0.24%
$ 28.3m
Robert Painter
CEO, President & Director0.75yrUS$2.80m0.030%
$ 3.6m
E. Ekholm
Independent Director0.75yrUS$30.00k0.015%
$ 1.7m
Ronald Nersesian
Independent Director8.92yrsUS$336.97k0.0036%
$ 431.3k
Mark Peek
Lead Independent Directorno dataUS$336.97k0.025%
$ 3.0m
Kaigham Gabriel
Independent Director5.75yrsUS$336.97k0.0051%
$ 615.8k
Merit Janow
Independent Director12.58yrsUS$336.97k0.012%
$ 1.5m
Johan Wibergh
Independent Director2.67yrsUS$336.97k0.0054%
$ 646.9k
Meaghan Lloyd
Independent Director4.75yrsUS$336.97k0.014%
$ 1.6m
Sandra Macquillan
Independent Director2yrsUS$336.97k0.0042%
$ 497.2k
James Dalton
Directorno datano datano data

2.7yrs

Average Tenure

59yo

Average Age

Experienced Board: TRMB's board of directors are not considered experienced ( 2.7 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$11.980b
  • Shares outstanding: 250.22m
  • 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 improve or transform their work processes worldwide. It operates through four segments: Buildings and Infras ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 23:39
End of Day Share Price2020/10/28 00:00
Earnings2020/07/03
Annual Earnings2020/01/03


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.